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The Bank of N.T. Butterfield & Son Limited NTB R2K

Financial Services · Banks - Diversified · Bermuda
https://www.butterfieldgroup.com

The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. The company offers retail and corporate checking, savings, and term deposits. It also provides lending products and services, including residential mortgage lending, automobile lending, credit cards, consumer financing, overdraft facilities to retail customers, commercial real estate lending, and commercial and industrial loans. In addition, the company offers cash and liquidity management, foreign exchange, custody administration, and settlement services. Further, it provides personal and business deposit services, residential and commercial mortgages, small and medium-sized enterprise and corporate loans, credit and debit cards, merchant acquiring, and mobile and internet banking services; and treasury services, wealth management, and fiduciary services. Additionally, the company offers discretionary investment management, managed portfolio services, money market, and mutual fund offerings, as well as advisory and self-directed brokerage options. It operates through offices in the Cayman Islands, Guernsey, Jersey, the United Kingdom, The Bahamas, Hong Kong, Switzerland, Singapore, Mauritius, and Canada, as well as Bermuda. The Bank of N.T. Butterfield & Son Limited was founded in 1784 and is headquartered in Hamilton, Bermuda.

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$56.46
+37.94% 1Y

Market & Price

Market Cap
$2.24B
Current Price
$56.46
High / Low (52W)
$56.96 / $40.26
Beta
0.50

Valuation

Stock P/E
9.79
Industry PE
12.01
Forward P/E
8.35
PEG Ratio
-
Book Value
$28.68
Price to Book
1.97
P/S
3.65
EV/EBITDA
-
Dividend Yield
3.54%

Profitability & Returns

ROCE
-
ROE
21.95%
ROA
1.69%
Profit Margin
39.28%
Op Margin
42.69%
EPS (Latest Qtr)
$1.53
EPS (TTM)
$5.77

Balance Sheet & Liquidity

Debt/Equity
-
Quick Ratio
-
Current Ratio
-
Debt
$171.78M
Total Assets
$14.09B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
1.48%
Chg in Prom Hold
-
FII / Inst Holding
75.32%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$-883.91M
Total Revenue (TTM)
$613.12M
EBITDA
-
Free Cash Flow
-
Operating Cash Flow
$275.65M
Shares Outstanding
39.61M
Gross Margin
0.00%
Payout Ratio
33.62%

Growth (CAGR)

Revenue 5Y
3.23%
Profit 5Y
2.72%
Revenue (YoY)
4.30%
Earnings (YoY)
24.40%

PROS

  • Strong return on equity of 22.0%.
  • Excellent profit margin of 39.3%.
  • Attractive dividend yield of 3.54%.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 NTB The Bank of N.T. Butterfield & Son Limited R2K 56.46 9.79 $2.24B 3.54% - 21.95% 3.23% 2.72%
2 JPM JPMorgan Chase & Co. SPX 299.31 14.33 $802.00B 2.00% - 16.47% 12.50% 14.83%
3 V Visa Inc. SPX 326.36 28.48 $620.65B 0.82% 38.38% 60.35% 10.92% 10.28%
4 MA Mastercard Incorporated SPX 493.98 28.57 $436.47B 0.70% 61.47% - 13.82% 14.66%
5 MS Morgan Stanley SPX 208.00 18.84 $328.08B 1.92% - 16.39% 9.52% 15.20%
6 GS The Goldman Sachs Group, Inc. SPX 1,025.56 18.73 $302.55B 1.76% - 14.55% 7.16% 15.11%
7 WFC Wells Fargo & Company SPX 77.54 11.98 $237.29B 2.32% - 12.03% 4.02% 15.98%
8 BLK BlackRock, Inc. SPX 1,046.88 26.32 $162.51B 2.19% 4.89% 11.90% 10.65% 2.36%
9 SCHW The Charles Schwab Corporation SPX 87.35 17.37 $151.91B 1.47% - 19.08% 4.83% 7.21%
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Quarterly Results

Figures in USD.

Metric Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue --147.78M146.49M153.84M158.70M155.93M
Cost of Revenue -------
Gross Profit -------
Operating Expenses -------
Operating Income -------
EBITDA -------
Interest Expense --50.69M51.51M46.68M44.15M39.40M
Pretax Income --54.94M54.53M62.51M65.98M63.98M
Tax Provision --1.18M1.21M1.45M2.19M1.35M
Net Income --53.76M53.33M61.06M63.79M62.62M
Diluted EPS --1.231.251.461.541.53

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -551.62M583.22M581.98M606.81M
Cost of Revenue -----
Gross Profit -----
Operating Expenses -----
Operating Income -----
EBITDA -----
Interest Expense -54.80M178.67M234.51M193.03M
Pretax Income -217.70M226.26M220.85M237.97M
Tax Provision -3.68M767.00K4.53M6.02M
Net Income -214.02M225.49M216.32M231.94M
Diluted EPS -4.294.584.715.47

Compounded Sales Growth

5 Years:3.23%
1 Year:4.30%

Compounded Profit Growth

5 Years:2.72%
1 Year:24.40%

Stock Price Performance

1 Year:+37.94%
6 Months:+23.63%
3 Months:+12.27%
1 Month:+4.33%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -14.31B13.37B14.23B14.09B
Current Assets -----
Cash & Equivalents -2.10B1.65B2.00B1.71B
Inventory -----
Receivables 144.28M203.52M---
Total Liabilities -13.44B12.37B13.21B12.95B
Current Liabilities -----
Long Term Debt 171.88M172.29M98.49M98.72M-
Total Debt 171.88M172.29M98.49M98.72M-
Total Equity -864.82M1.00B1.02B1.14B
Shares Outstanding -50.28M47.53M44.16M39.95M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -219.27M300.29M265.43M279.56M
Investing Cash Flow -292.02M681.80M-581.02M102.36M
Financing Cash Flow --506.81M-1.45B735.56M-745.64M
Capital Expenditure --26.88M-54.27M-21.53M-24.75M
Free Cash Flow -192.40M246.02M243.90M254.81M
Net Change in Cash -4.49M-465.83M419.97M-363.72M

Ratios (Annual)

Figures in %.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -----
Operating Margin % -----
Net Margin % -38.8%38.7%37.2%38.2%
ROE % -24.7%22.5%21.2%20.3%
ROCE % -----

Shareholding Pattern

Insiders
1.48%
Institutions
75.32%
Public Float
76.45%

Top Institutional Holders

#Holder% HeldSharesValue
1 FMR, LLC 6.79% 2.60M $147.02M
2 Blackrock Inc. 6.00% 2.30M $130.01M
3 Rovida Investment Management Ltd 4.68% 1.79M $101.26M
4 American Century Companies Inc 4.30% 1.65M $93.09M
5 Dimensional Fund Advisors LP 4.16% 1.60M $90.08M
6 LSV Asset Management 3.42% 1.31M $74.13M
7 Nomura Asset Management International Inc 3.26% 1.25M $70.52M
8 Davis Selected Advisers 2.80% 1.07M $60.59M
9 Nuveen, LLC 2.36% 906.52K $51.18M
10 Hotchkis & Wiley Capital Management, LLC 2.10% 804.73K $45.44M

Analyst View

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