The present invention provides a black and white photothermographic material having, a first image forming layer including at least a photosensitive silver halide, a non-photosensitive organic silver salt, and a reducing agent for silver ions, wherein the black and white photothermographic material further has a second image forming layer including at least a coupler, and at least one of the first image forming layer and the second image forming layer includes a color developing agent. A black and white photothermographic material which exhibits high sensitivity, excellent image tone, and excellent storage stability is provided.