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Updated: Aug 17, 2026
NTB Logo

Bank of N.T Butterfield

NYSE:NTB·Stock Analysis Report
Day Range
$58.49 - $59.25
Market Cap
2.49B
P/E Ratio
11.2518
Avg Value
$52.42
Year Range
$40.83 - $64.00
$58.66-$0.40 (-0.68%)
1
General Information
Bank of N.T Butterfield & Son Ltd is a full-service bank and wealth manager. It offers banking services, comprising retail and corporate banking, and wealth management services, which consist of trust, private banking, and asset management business.

The company operates through four reportable segments: Bermuda, Cayman, Channel Islands and the UK, and Other. In its Bermuda and Cayman segments, the company offers retail banking and wealth management services. In the Channel Islands and the UK segment, the company offers retail and corporate banking and wealth management services, and the Other segment includes its operations in the Bahamas, Canada, Mauritius, Singapore, and Switzerland. Maximum revenue for the company is generated from its business in Bermuda.

2
Bank of N.T Butterfield (NTB) Stock Graph
3
How We Grade Bank of N.T Butterfield (NTB)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Bank of N.T Butterfield (NTB) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

54.62

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

Quality is a composite ranking that evaluates a company's operational efficiency and financial health by analyzing historical profitability metrics and fundamental strength indicators on a percentile basis relative to peers.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Dividend
There are few things we like to see when evaluating the quality of a company's dividend history and future

Ideally, we would like to see a company have a long history of consistently high dividend payouts that have grown at a consistent rate. From here we want to be confident that this sort of dividend growth and consistency will persist into the future.

The chart below shows the historical trend in Bank of N.T Butterfield (NTB) dividend yield on an annual basis.

-26.12%
Bank of N.T Butterfield (NTB) saw a decrease in its dividend yield since 2021
6
Past Performance
How has Bank of N.T Butterfield (NTB) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Bank of N.T Butterfield (NTB) sharpe ratio over the past 5 years is 1.1939 which is considered to be above average compared to the peer average of -0.3617

7
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is NTB's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Revenue
0.55
0.58
0.58
0.61
0.63
Operating Revenue
0.55
0.58
0.58
0.61
0.63
Cost Of Revenue
Gross Profit
Operating Expense
Selling General And Administration
0.19
0.18
0.19
0.19
Research and Development
Operating Income
Net Non-Operating Interest Income Expense
Other Income Expense
Other Non-Operating Income Expenses
Pre-Tax Income
0.22
0.23
0.22
0.24
0.24
Tax Provision
0.00
0.00
0.00
0.01
0.01
Net Income
0.21
0.23
0.22
0.23
0.23
Net Income Common Stockholders
0.21
0.23
0.22
0.23
0.23
Total Operating Income As Reported
Total Expenses
Net Income From Continuing And Discontinued Operation
0.21
0.23
0.22
0.23
0.23
Normalized Income
0.21
0.23
0.22
0.23
0.23
Interest Income
0.40
0.55
0.59
0.56
0.55
Interest Expense
0.05
0.18
0.23
0.19
0.17
Net Interest Income
0.34
0.37
0.35
0.36
0.37
EBIT
EBITDA
Reconciled Cost Of Revenue
Reconciled Depreciation
0.04
0.04
0.04
0.04
0.04
Normalized EBITDA
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.03
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
0.00
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Assets
14.31
13.37
14.23
14.09
14.35
Current Assets
Total Non-Current Assets
Total Liabilities Net Minority Interest
13.44
12.37
13.21
12.95
13.20
Current Liabilities
Other Non-Current Liabilities
Total Equity Gross Minority Interest
0.86
1.00
1.02
1.14
1.15
Stockholders Equity
Total Capitalization
1.04
1.10
1.12
Common Stock Equity
0.86
1.00
1.02
1.14
1.15
Net Tangible Assets
0.79
0.90
0.93
1.06
1.03
Working Capital
Invested Capital
1.04
1.10
1.12
Tangible Book Value
0.79
0.90
0.93
1.06
1.03
Total Debt
0.17
0.10
0.10
Net Debt
Share Issued
0.05
0.05
0.04
0.04
0.04
Ordinary Shares Number
0.05
0.05
0.04
0.04
0.04
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
0.22
0.30
0.27
0.28
0.23
Net Income from Continuing Operations
0.21
0.23
0.22
0.23
0.23
Depreciation and Amortization
0.04
0.04
0.04
0.04
0.04
Deferred Tax
Deferred Income Tax
Stock-Based Compensation
0.02
0.02
0.02
0.02
0.02
Other Non-Cash Items
0.00
0.00
0.00
Change in Working Capital
-0.05
0.01
-0.02
-0.01
-0.06
Change in Receivables
-0.05
0.00
-0.01
0.02
-0.06
Changes in Account Receivables
-0.05
0.00
-0.01
0.02
-0.06
Change in Inventory
Change in Payables and Accrued Expense
Change in Payable
Change in Account Payable
Change in Other Current Assets
Change in Other Current Liabilities
Change in Other Working Capital
-0.03
0.00
Cash Flow from Continuing Investing Activities
0.29
0.68
-0.58
0.10
-0.31
Net PPE Purchase and Sale
-0.03
-0.03
-0.02
-0.02
-0.02
Net Business Purchase and Sale
Purchase of Business
Net Investment Purchase and Sale
0.37
0.41
0.24
-0.10
-0.50
Purchase of Investment
-3.02
-2.13
-2.75
-3.56
-4.08
Sale of Investment
3.39
2.53
3.00
3.46
3.57
Net Other Investing Changes
0.00
Financing Cash Flow
-0.51
-1.45
0.74
-0.75
0.03
Cash Flow from Continuing Financing Activities
-0.51
-1.45
0.74
-0.75
0.03
Net Issuance Payments of Debt
Net Long-Term Debt Issuance
Long-Term Debt Issuance
Long-Term Debt Payments
Net Short-Term Debt Issuance
Net Common Stock Issuance
0.00
-0.09
-0.16
-0.15
-0.12
Common Stock Issuance
Common Stock Payments
0.00
-0.09
-0.16
-0.15
-0.12
Cash Dividends Paid
-0.09
-0.09
-0.08
-0.08
-0.08
Net Other Financing Charges
End Cash Position
7.12
6.64
8.39
7.10
6.86
Changes in Cash
0.00
-0.47
0.42
-0.36
-0.04
Beginning Cash Position
7.21
7.08
7.97
7.41
6.91
Capital Expenditure
-0.03
-0.05
-0.02
-0.02
-0.02
Issuance of Capital Stock
Issuance of Debt
Repayment of Debt
Repurchase of Capital Stock
0.00
-0.09
-0.16
-0.15
-0.12
Free Cash Flow
0.19
0.25
0.24
0.25
0.21