NBN vs NBTB vs CNOB vs TRST vs JPM

For growth investors, Northeast Bank (NBN) is the stronger pick with 34.

7% revenue growth year-over-year, versus 3. 3% for JPMorgan Chase & Co. (JPM). Northeast Bank (NBN) offers the better valuation at 12. 9x trailing P/E (10. 7x forward), making it the more compelling value choice. Analysts rate Northeast Bank (NBN) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Northeast Bank (NBN) is the cheapest at 12.

9x versus ConnectOne Bancorp, Inc. at 22. 1x. On forward P/E, ConnectOne Bancorp, Inc. is actually cheaper at 10. 0x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Northeast Bank wins at 0. 34x versus TrustCo Bank Corp NY's 5. 31x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Northeast Bank (NBN) delivered a total return of +340.

6%, compared to +32. 8% for ConnectOne Bancorp, Inc. (CNOB). Over 10 years, the gap is even starker: NBN returned +1136% versus NBTB's +108. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), TrustCo Bank Corp NY (TRST) is the lower-risk stock at 0.

67β versus Northeast Bank's 1. 03β — meaning NBN is approximately 54% more volatile than TRST relative to the S&P 500. On balance sheet safety, NBT Bancorp Inc. (NBTB) carries a lower debt/equity ratio of 17% versus 3% for JPMorgan Chase & Co. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Northeast Bank (NBN) is pulling ahead at 34.

7% versus 3. 3% for JPMorgan Chase & Co. (JPM). On earnings-per-share growth, the picture is similar: Northeast Bank grew EPS 33. 0% year-over-year, compared to -15. 9% for ConnectOne Bancorp, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Northeast Bank (NBN) is the more profitable company, earning 23.

8% net margin versus 13. 3% for ConnectOne Bancorp, Inc. — meaning it keeps 23. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NBN leads at 35. 8% versus 18. 6% for CNOB. At the gross margin level — before operating expenses — NBTB leads at 72. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Northeast Bank (NBN) is the more undervalued stock at a PEG of 0. 34x versus TrustCo Bank Corp NY's 5. 31x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, ConnectOne Bancorp, Inc. (CNOB) trades at 10. 0x forward P/E versus 19. 3x for TrustCo Bank Corp NY — 9. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NBN: 11. 6% to $145. 00.

In this comparison, NBTB (3.

0% yield), TRST (2. 7% yield), CNOB (1. 9% yield), JPM (1. 9% yield) pay a dividend. NBN does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, TrustCo Bank Corp NY (TRST) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

67), 2. 7% yield, +116. 9% 10Y return). Both have compounded well over 10 years (TRST: +116. 9%, CNOB: +139. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: NBN is a small-cap high-growth stock; NBTB is a small-cap deep-value stock; CNOB is a small-cap quality compounder stock; TRST is a small-cap deep-value stock; JPM is a large-cap deep-value stock. NBTB, CNOB, TRST, JPM pay a dividend while NBN does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.