The Bank of N.T. Butterfield & Son Limited(NTB)Earnings, Financials & Key Ratios
NTB•NYSE•Banking & Credit
$60.69
11.1× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryDiversified BanksSub-IndustryWealth and private banking focused banks
AboutThe 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. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits, as well as certificate of deposits. The company's lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans. It also offers investment products and services; and cash and liquidity management, foreign exchange, custody administration, and settlement services. In addition, the company provides personal and property/auto insurance products; letters of credit; and cash management, payroll, remote banking, money market, advisory, brokerage, trust, estate, company management, and fiduciary services. Further, it offers debit cards; automated teller machines; and personal and business deposit, merchant acquiring, and mobile and internet banking services. The company operates through offices in the Cayman Islands, Guernsey, Jersey, the United Kingdom, The Bahamas, Switzerland, Singapore, Mauritius, and Canada. It also operates through 3 branches in Bermuda and 4 branches in the Cayman Islands. The Bank of N.T. Butterfield & Son Limited was founded in 1858 and is headquartered in Hamilton, Bermuda.Show more
- Net Interest Income$364M+3.7%
- Total Revenue$800M-2.0%
- Net Income$232M+7.2%
- Return on Equity21.44%+0.3%
- Net Interest Margin2.58%+4.7%
- Efficiency Ratio46.11%+4.7%
- ROA1.64%+4.5%
- Equity / Assets8.1%+13.0%
- Book Value per Share26.92+18.9%
NTB Price & Volume
The Bank of N.T. Butterfield & Son Limited (NTB) stock price & volume — 10-year historical chart
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Stable Offshore Banking Yields Consistent Capital Returns
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Stable
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:Jurisdictional regulatory compliance exposure
Key Thesis Takeaways
- Butterfield Bank maintains a fortress balance sheet characterized by a consistent 0.08 equity-to-assets ratio, providing a stable foundation for its specialized offshore banking model.
- While the bank demonstrates disciplined capital allocation through a $62.4 million quarterly return to shareholders, investors should monitor the recent $38.0 million spike in credit loss provisions which may signal emerging asset quality pressures.
- The firm's reliance on fee-based income, which contributed $23.2 million in 2026Q1, remains a critical growth driver that warrants further investigation regarding its sensitivity to international market volatility.
Verdict Logic
while the 3.0% dividend yield and consistent capital returns are attractive, the recent $38.0 million provision for credit losses suggests potential credit risks that warrant a cautious valuation approach at a 2.24 price-to-book ratio.
NTB Growth Metrics
The Bank of N.T. Butterfield & Son Limited (NTB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years7.89%
5 Years9.76%
3 Years9.67%
TTM-
Profit CAGR
10 Years11.55%
5 Years9.51%
3 Years2.71%
TTM11.16%
EPS CAGR
10 Years15.54%
5 Years13.53%
3 Years8.44%
TTM19.18%
Return on Capital
10 Years3.12%
5 Years4.25%
3 Years5.81%
Last Year3.07%
NTB Recent Earnings
The Bank of N.T. Butterfield & Son Limited (NTB) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 28, 2026Metric
Actual
Est
EPS
$1.55+10.7%
$1.40
Rev
$155M+2.9%
$150M
Q1 2026
Feb 9, 2026Metric
Actual
Est
EPS
$1.54+5.5%
$1.46
Rev
$159M+3.7%
$153M
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$1.51+16.2%
$1.30
Rev
$153M-0.1%
$153M
Q3 2025
Jul 28, 2025Metric
Actual
Est
EPS
$1.26+9.6%
$1.15
Rev
$198M+33.6%
$148M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $1.55vs $1.40+10.7% | $155Mvs $150M+2.9% |
| Q1 2026 | Feb 9, 2026 | $1.54vs $1.46+5.5% | $159Mvs $153M+3.7% |
| Q4 2025 | Oct 28, 2025 | $1.51vs $1.30+16.2% | $153Mvs $153M-0.1% |
| Q3 2025 | Jul 28, 2025 | $1.26vs $1.15+9.6% | $198Mvs $148M+33.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for The Bank of N.T. Butterfield & Son Limited (NTB)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $60.69 | $2.4B | 11.10 | -2.04% | 28.99% | 21.44% | 3.02% | |
| $76.24 | $3.97B | 14.98 | -3.05% | 22.64% | 11.38% | — | |
| $39.16 | $3.8B | 13.32 | -28.52% | 25.37% | 9.13% | — | |
| $140.43 | $8.53B | 15.30 | -1.07% | 18.3% | 10.31% | — | |
| $35.76 | $736.88M | 10.94 | -0.3% | 22.54% | 14.15% | — | |
| $61.46 | $4.12B | 13.54 | -0.43% | 24.09% | 11.37% | — |
Compare NTB vs Peers
The Bank of N.T. Butterfield & Son Limited (NTB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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NTB Frequently Asked Questions
The Bank of N.T. Butterfield & Son Limited (NTB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is The Bank of N.T. Butterfield & Son Limited growing?
The Bank of N.T. Butterfield & Son Limited (NTB) saw revenue decline by 2.0% over the past year.
Is NTB profitable?
Yes, The Bank of N.T. Butterfield & Son Limited (NTB) is profitable, generating $240.8M in net income for fiscal year 2025 (29.0% net margin).
Dividend & Returns
Does NTB pay dividends?
Yes, The Bank of N.T. Butterfield & Son Limited (NTB) pays a dividend with a yield of 3.02%. This makes it attractive for income-focused investors.
What is NTB's return on equity?
The Bank of N.T. Butterfield & Son Limited (NTB) has a return on equity (ROE) of 21.4%. This is excellent, indicating efficient use of shareholder capital.
Industry Metrics
What is The Bank of N.T. Butterfield & Son Limited's net interest margin?
The Bank of N.T. Butterfield & Son Limited (NTB) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.
What is The Bank of N.T. Butterfield & Son Limited's efficiency ratio?
The Bank of N.T. Butterfield & Son Limited (NTB) has an efficiency ratio of 46.1%. This is excellent, indicating strong cost control.