NTB
The Bank of N.T. Butterfield & Son Limited
Banks - Diversified
Market Cap$2.25B
5Y Perf.+130.1%
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Stock Comparison
NTB vs IBCP vs FFIN vs NBTB vs V
Revenue, margins, valuation, and 5-year total return — side by side.
IBCP
Independent Bank Corporation
Banks - Regional
Market Cap$699M
5Y Perf.+145.7%
FFIN
First Financial Bankshares, Inc.
Banks - Regional
Market Cap$4.61B
5Y Perf.+5.7%
NBTB
NBT Bancorp Inc.
Banks - Regional
Market Cap$2.35B
5Y Perf.+43.9%
V
Visa Inc.
Financial - Credit Services
Market Cap$616.45B
5Y Perf.+64.6%
NTB vs IBCP vs FFIN vs NBTB vs V — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | NTB | IBCP | FFIN | NBTB | V |
|---|---|---|---|---|---|
| Industry | Banks - Diversified | Banks - Regional | Banks - Regional | Banks - Regional | Financial - Credit Services |
| Market Cap | $2.25B | $699M | $4.61B | $2.35B | $616.45B |
| Revenue (TTM) | $800M | $315M | $739M | $867M | $40.00B |
| Net Income (TTM) | $232M | $69M | $243M | $169M | $22.24B |
| Gross Margin | 75.9% | 69.6% | 70.8% | 72.1% | 80.4% |
| Operating Margin | 29.8% | 25.8% | 36.8% | 25.3% | 60.0% |
| Forward P/E | 9.1x | 9.6x | 15.9x | 10.8x | 24.6x |
| Total Debt | $39M | $117M | $197M | $327M | $25.17B |
| Cash & Equiv. | $1.61B | $52M | $763M | $185M | $20.15B |
NTB vs IBCP vs FFIN vs NBTB vs V — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
NTB
IBCP
FFIN
NBTB
V
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| The Bank of N.T. Bu… (NTB) | 100 | 230.1 | +130.1% |
| Independent Bank Co… (IBCP) | 100 | 245.7 | +145.7% |
| First Financial Ban… (FFIN) | 100 | 105.7 | +5.7% |
| NBT Bancorp Inc. (NBTB) | 100 | 143.9 | +43.9% |
| Visa Inc. (V) | 100 | 164.6 | +64.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NTB vs IBCP vs FFIN vs NBTB vs V
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: NTB leads in 4 of 7 categories (5-stock set), making it the strongest pick for valuation and capital efficiency and capital preservation and lower volatility. Visa Inc. is the stronger pick specifically for profitability and margin quality and operational efficiency and capital deployment. FFIN also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
NTB
The Bank of N.T. Butterfield & Son Limited
The Banking Pick
NTB carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 2 yrs, beta 0.65, yield 3.3%
- Lower volatility, beta 0.65, Low D/E 3.4%, current ratio 516.92x
- PEG 0.67 vs FFIN's 3.05
- Beta 0.65, yield 3.3%, current ratio 516.92x
Best for: income & stability and sleep-well-at-night
IBCP
Independent Bank Corporation
The Banking Pick
IBCP is the clearest fit if your priority is bank quality.
- NIM 3.3% vs NTB's 2.6%
Best for: bank quality
FFIN
First Financial Bankshares, Inc.
The Banking Pick
FFIN ranks third and is worth considering specifically for growth exposure.
- Rev growth 18.8%, EPS growth 12.2%
- 18.8% NII/revenue growth vs NTB's -2.0%
Best for: growth exposure
NBTB
NBT Bancorp Inc.
The Financial Play
Among these 5 stocks, NBTB doesn't own a clear edge in any measured category.
Best for: financial services exposure
V
Visa Inc.
The Banking Pick
V is the #2 pick in this set and the best alternative if long-term compounding is your priority.
- 329.1% 10Y total return vs NTB's 191.3%
- Efficiency ratio 0.2% vs NBTB's 0.5% (lower = leaner)
- Efficiency ratio 0.2% vs NBTB's 0.5%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | FFIN | 18.8% NII/revenue growth vs NTB's -2.0% |
| Value | NTB | Lower P/E (9.1x vs 24.6x), PEG 0.67 vs 1.55 |
| Quality / Margins | V | Efficiency ratio 0.2% vs NBTB's 0.5% (lower = leaner) |
| Stability / Safety | NTB | Beta 0.65 vs FFIN's 0.95, lower leverage |
| Dividends | NTB | 3.3% yield, 2-year raise streak, vs V's 0.7% |
| Momentum (1Y) | NTB | +42.7% vs V's -7.4% |
| Efficiency (ROA) | V | Efficiency ratio 0.2% vs NBTB's 0.5% |
NTB vs IBCP vs FFIN vs NBTB vs V — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2021
FY 2018
FY 2025
FY 2025
NTB vs IBCP vs FFIN vs NBTB vs V — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLNTBLAGGINGNBTB
Who Leads Where
NTB leads in 3 of 6 categories
V leads 2 • IBCP leads 0 • FFIN leads 0 • NBTB leads 0 • 1 tied
Explore the data ↓NBTBNBT Bancorp Inc.
0leads
FFINFirst Financial Banks…
0leads
IBCPIndependent Bank Corp…
0leads
VVisa Inc.
2leads
NTBThe Bank of N.T. Butt…
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6 Total Categories
CATEGORYLEADERvs Vvs IBCPMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
V4/5
Valuation MetricsMultiples, price ratios, and targets
NTB5/7
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
V5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
NTB4/6
Risk & VolatilityBeta, volatility, and downside exposure
NTB2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
V leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
V is the larger business by revenue, generating $40.0B annually — 126.8x IBCP's $315M. V is the more profitable business, keeping 50.1% of every revenue dollar as net income compared to NBTB's 19.5%.
| Metric | NTBThe Bank of N.T. … | IBCPIndependent Bank … | FFINFirst Financial B… | NBTBNBT Bancorp Inc. | VVisa Inc. |
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $800M | $315M | $739M | $867M | $40.0B |
| EBITDAEarnings before interest/tax | $267M | $89M | $310M | $241M | $27.6B |
| Net IncomeAfter-tax profit | $232M | $69M | $243M | $169M | $22.2B |
| Free Cash FlowCash after capex | $255M | $70M | $290M | $225M | $21.2B |
| Gross MarginGross profit ÷ Revenue | +75.9% | +69.6% | +70.8% | +72.1% | +80.4% |
| Operating MarginEBIT ÷ Revenue | +29.8% | +25.8% | +36.8% | +25.3% | +60.0% |
| Net MarginNet income ÷ Revenue | +29.0% | +21.7% | +30.2% | +19.5% | +50.1% |
| FCF MarginFCF ÷ Revenue | +31.9% | +22.2% | +39.6% | +25.2% | +53.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — | — | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +12.4% | +2.3% | -7.7% | +39.5% | +35.3% |
V leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
NTB leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 10.3x trailing earnings, NTB trades at a 67% valuation discount to V's 31.5x P/E. Adjusting for growth (PEG ratio), NTB offers better value at 0.76x vs FFIN's 3.98x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | NTBThe Bank of N.T. … | IBCPIndependent Bank … | FFINFirst Financial B… | NBTBNBT Bancorp Inc. | VVisa Inc. |
|---|---|---|---|---|---|
| Market CapShares × price | $2.2B | $699M | $4.6B | $2.4B | $616.4B |
| Enterprise ValueMkt cap + debt − cash | $679M | $764M | $4.0B | $2.5B | $621.5B |
| Trailing P/EPrice ÷ TTM EPS | 10.28x | 10.38x | 20.76x | 13.53x | 31.50x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.11x | 9.56x | 15.92x | 10.80x | 24.59x |
| PEG RatioP/E ÷ EPS growth rate | 0.76x | 1.97x | 3.98x | 1.92x | 1.99x |
| EV / EBITDAEnterprise value multiple | 2.55x | 9.39x | 14.17x | 10.35x | 24.65x |
| Price / SalesMarket cap ÷ Revenue | 2.81x | 2.22x | 6.23x | 2.71x | 15.41x |
| Price / BookPrice ÷ Book value/share | 2.09x | 1.41x | 2.89x | 1.21x | 16.66x |
| Price / FCFMarket cap ÷ FCF | 8.81x | 9.96x | 15.73x | 10.75x | 28.57x |
NTB leads this category, winning 5 of 7 comparable metrics.
Profitability & Efficiency
V leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
V delivers a 58.9% return on equity — every $100 of shareholder capital generates $59 in annual profit, vs $10 for NBTB. NTB carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to V's 0.66x. On the Piotroski fundamental quality scale (0–9), NTB scores 8/9 vs V's 5/9, reflecting strong financial health.
| Metric | NTBThe Bank of N.T. … | IBCPIndependent Bank … | FFINFirst Financial B… | NBTBNBT Bancorp Inc. | VVisa Inc. |
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +21.2% | +14.2% | +13.3% | +9.5% | +58.9% |
| ROA (TTM)Return on assets | +1.6% | +1.3% | +1.6% | +1.1% | +22.7% |
| ROICReturn on invested capital | +14.9% | +10.2% | +11.0% | +7.9% | +29.2% |
| ROCEReturn on capital employed | +3.1% | +2.6% | +16.0% | +2.4% | +36.2% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 8 | 6 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.03x | 0.23x | 0.12x | 0.17x | 0.66x |
| Net DebtTotal debt minus cash | -$1.6B | $65M | -$566M | $142M | $5.0B |
| Cash & Equiv.Liquid assets | $1.6B | $52M | $763M | $185M | $20.2B |
| Total DebtShort + long-term debt | $39M | $117M | $197M | $327M | $25.2B |
| Interest CoverageEBIT ÷ Interest expense | 1.23x | 0.91x | 1.48x | 1.05x | 26.72x |
V leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
NTB leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IBCP five years ago would be worth $16,369 today (with dividends reinvested), compared to $7,178 for FFIN. Over the past 12 months, NTB leads with a +42.7% total return vs V's -7.4%. The 3-year compound annual growth rate (CAGR) favors NTB at 36.7% vs FFIN's 8.9% — a key indicator of consistent wealth creation.
| Metric | NTBThe Bank of N.T. … | IBCPIndependent Bank … | FFINFirst Financial B… | NBTBNBT Bancorp Inc. | VVisa Inc. |
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +14.1% | +7.2% | +8.5% | +9.3% | -7.1% |
| 1-Year ReturnPast 12 months | +42.7% | +12.6% | -3.2% | +9.0% | -7.4% |
| 3-Year ReturnCumulative with dividends | +155.3% | +130.6% | +29.1% | +54.1% | +41.2% |
| 5-Year ReturnCumulative with dividends | +62.4% | +63.7% | -28.2% | +29.9% | +42.6% |
| 10-Year ReturnCumulative with dividends | +191.3% | +184.6% | +145.4% | +102.2% | +329.1% |
| CAGR (3Y)Annualised 3-year return | +36.7% | +32.1% | +8.9% | +15.5% | +12.2% |
NTB leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
NTB leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
NTB is the less volatile stock with a 0.65 beta — it tends to amplify market swings less than FFIN's 0.95 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NTB currently trades 97.2% from its 52-week high vs FFIN's 83.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | NTBThe Bank of N.T. … | IBCPIndependent Bank … | FFINFirst Financial B… | NBTBNBT Bancorp Inc. | VVisa Inc. |
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.65x | 0.83x | 0.95x | 0.89x | 0.68x |
| 52-Week HighHighest price in past year | $57.84 | $37.39 | $38.74 | $46.92 | $375.51 |
| 52-Week LowLowest price in past year | $40.32 | $29.63 | $28.11 | $39.20 | $293.89 |
| % of 52W HighCurrent price vs 52-week peak | +97.2% | +90.8% | +83.6% | +96.1% | +85.6% |
| RSI (14)Momentum oscillator 0–100 | 58.8 | 50.6 | 58.2 | 57.3 | 53.3 |
| Avg Volume (50D)Average daily shares traded | 145K | 176K | 740K | 236K | 6.9M |
NTB leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — NTB and V each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: NTB as "Hold", IBCP as "Hold", FFIN as "Hold", NBTB as "Hold", V as "Buy". Consensus price targets imply 21.2% upside for FFIN (target: $39) vs 1.4% for NTB (target: $57). For income investors, NTB offers the higher dividend yield at 3.26% vs V's 0.73%.
| Metric | NTBThe Bank of N.T. … | IBCPIndependent Bank … | FFINFirst Financial B… | NBTBNBT Bancorp Inc. | VVisa Inc. |
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold | Hold | Hold | Buy |
| Price TargetConsensus 12-month target | $57.00 | $38.00 | $39.25 | $46.00 | $362.45 |
| # AnalystsCovering analysts | 7 | 7 | 15 | 10 | 61 |
| Dividend YieldAnnual dividend ÷ price | +3.3% | +3.0% | +2.2% | +3.2% | +0.7% |
| Dividend StreakConsecutive years of raises | 2 | 11 | 11 | 12 | 15 |
| Dividend / ShareAnnual DPS | $1.83 | $1.03 | $0.72 | $1.43 | $2.36 |
| Buyback YieldShare repurchases ÷ mkt cap | +6.5% | +1.8% | 0.0% | +0.4% | +2.2% |
Evenly matched — NTB and V each lead in 1 of 2 comparable metrics.
Key Takeaway
NTB leads in 3 of 6 categories (Valuation Metrics, Total Returns). V leads in 2 (Income & Cash Flow, Profitability & Efficiency). 1 tied.
Best OverallThe Bank of N.T. Butterfiel… (NTB)Leads 3 of 6 categories
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NTB vs IBCP vs FFIN vs NBTB vs V: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is NTB or IBCP or FFIN or NBTB or V a better buy right now?
For growth investors, First Financial Bankshares, Inc.
(FFIN) is the stronger pick with 18. 8% revenue growth year-over-year, versus -2. 0% for The Bank of N. T. Butterfield & Son Limited (NTB). The Bank of N. T. Butterfield & Son Limited (NTB) offers the better valuation at 10. 3x trailing P/E (9. 1x forward), making it the more compelling value choice. Analysts rate Visa Inc. (V) a "Buy" — based on 61 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.
02Which has the better valuation — NTB or IBCP or FFIN or NBTB or V?
On trailing P/E, The Bank of N.
T. Butterfield & Son Limited (NTB) is the cheapest at 10. 3x versus Visa Inc. at 31. 5x. On forward P/E, The Bank of N. T. Butterfield & Son Limited is actually cheaper at 9. 1x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: The Bank of N. T. Butterfield & Son Limited wins at 0. 67x versus First Financial Bankshares, Inc. 's 3. 05x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — NTB or IBCP or FFIN or NBTB or V?
Over the past 5 years, Independent Bank Corporation (IBCP) delivered a total return of +63.
7%, compared to -28. 2% for First Financial Bankshares, Inc. (FFIN). Over 10 years, the gap is even starker: V returned +329. 1% versus NBTB's +102. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NTB or IBCP or FFIN or NBTB or V?
By beta (market sensitivity over 5 years), The Bank of N.
T. Butterfield & Son Limited (NTB) is the lower-risk stock at 0. 65β versus First Financial Bankshares, Inc. 's 0. 95β — meaning FFIN is approximately 47% more volatile than NTB relative to the S&P 500. On balance sheet safety, The Bank of N. T. Butterfield & Son Limited (NTB) carries a lower debt/equity ratio of 3% versus 66% for Visa Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — NTB or IBCP or FFIN or NBTB or V?
By revenue growth (latest reported year), First Financial Bankshares, Inc.
(FFIN) is pulling ahead at 18. 8% versus -2. 0% for The Bank of N. T. Butterfield & Son Limited (NTB). On earnings-per-share growth, the picture is similar: The Bank of N. T. Butterfield & Son Limited grew EPS 16. 1% year-over-year, compared to 3. 5% for Independent Bank Corporation. 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.
06Which has better profit margins — NTB or IBCP or FFIN or NBTB or V?
Visa Inc.
(V) is the more profitable company, earning 50. 1% net margin versus 19. 5% for NBT Bancorp Inc. — meaning it keeps 50. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: V leads at 60. 0% versus 25. 3% for NBTB. At the gross margin level — before operating expenses — V leads at 80. 4%, 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.
07Is NTB or IBCP or FFIN or NBTB or V more undervalued right now?
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, The Bank of N. T. Butterfield & Son Limited (NTB) is the more undervalued stock at a PEG of 0. 67x versus First Financial Bankshares, Inc. 's 3. 05x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, The Bank of N. T. Butterfield & Son Limited (NTB) trades at 9. 1x forward P/E versus 24. 6x for Visa Inc. — 15. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FFIN: 21. 2% to $39. 25.
08Which pays a better dividend — NTB or IBCP or FFIN or NBTB or V?
All stocks in this comparison pay dividends.
The Bank of N. T. Butterfield & Son Limited (NTB) offers the highest yield at 3. 3%, versus 0. 7% for Visa Inc. (V).
09Is NTB or IBCP or FFIN or NBTB or V better for a retirement portfolio?
For long-horizon retirement investors, Visa Inc.
(V) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 68), 0. 7% yield, +329. 1% 10Y return). Both have compounded well over 10 years (V: +329. 1%, FFIN: +145. 4%), 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.
10What are the main differences between NTB and IBCP and FFIN and NBTB and V?
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: NTB is a small-cap deep-value stock; IBCP is a small-cap deep-value stock; FFIN is a small-cap high-growth stock; NBTB is a small-cap deep-value stock; V is a large-cap quality compounder stock. 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.
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Revenue Growth>
%
(NTB: -2.0% · IBCP: -0.3%)Net Margin>
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(NTB: 29.0% · IBCP: 21.7%)P/E Ratio<
x
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