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NTBThe Bank of N.T. Butterfield & Son Limited
$58.11$2.3B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
NTB logo

The Bank of N.T. Butterfield & Son Limited

NTB
NYSE · Diversified Banks
$58.11
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$2.3B
P/E10.6x
52W High$64.17
Volume140.1K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Provision Spike Masks Stable Core Franchise

NTB's core franchise remains stable with NII growing 6.9% YoY to $95.6M in 2026Q2, but a $39.4M provision charge and a spike in efficiency ratio to 68.7% distort near-term earnings. The bank's fortress balance sheet, with equity/assets at 8% and excess liquidi...

GrowthDecelerating
ProfitabilityStable
ValuationReview
TechnicalsMixed
Explore valuation models
MARKET ACTION

NTB price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-23% Peers

P/E is 23% below peer median

03

Market leadership

RS 66 · Avg

Average momentum (RS Rating: 66)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 27

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NTB+19.94%
S&P 500 (^GSPC)+12.39%
1-Year Return
NTB+35.50%
S&P 500 (^GSPC)+15.77%
3-Year Return
NTB+131.43%
S&P 500 (^GSPC)+76.87%
5-Year Return
NTB+102.68%
S&P 500 (^GSPC)+64.89%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
10.6x
Forward P/EExpansion
9.7x
EV/EBITDA100th %ile
2.8x
FCF YieldCash Flow
11.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
10.6x
7.8x
80th· High
EV/EBITDA
2.8x
2.0x
100th· High
Price/FCF
9.0x
7.7x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$51.35-11.6%
Base (Fair)$87.45+47.2%
Bull$132.53+128.1%
$51.35 Bear$87.45 Base$132.53 Bull
Current Market Price: $58.11
Trades at a 33.6% discount to Base DCF ($87.45)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$607M+4.3% YoY
Net income
$232M+7.2% YoY
Free cash flow
$255M+4.5% YoY
Operating margin
29.8%+2.7 pts YoY
ROIC (TTM)14.9%
Avg ROIC 5Y-
ROE (TTM)21.4%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 27, 2026
$1.58+4.6%
vs $1.51
$158M+0.9%
vs $157M
Q2 2026
Apr 28, 2026
$1.55+10.7%
vs $1.40
$155M+2.9%
vs $150M
Q1 2026
Feb 9, 2026
$1.54+5.5%
vs $1.46
$159M+3.7%
vs $153M
Q4 2025
Oct 28, 2025
$1.51+16.2%
vs $1.30
$153M-0.1%
vs $153M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·5d ago
Butterfield 2026 Annual General Meeting Voting Results

HAMILTON, Bermuda--(BUSINESS WIRE)--The Bank of N.T. Butterfield & Son Limited (“the Bank”) (BSX: NTB.BH) (NYSE: NTB) announced the results of the Shareholders' vote at the Bank's Annual General Meeting held in virtual format today (September 18, 2026). Each of the proposals numbered 1 through 4 on the Meeting Agenda was approved by the requisite vote. Proposal 5, which sought authority to adjourn or postpone the Meeting if there were insufficient votes to approve Proposal 4, was not necess.

Defense World·Sep 8, 2026
Public Employees Retirement System of Ohio Buys Shares of 23,097 Bank of N.T. Butterfield & Son Limited (The) $NTB

Public Employees Retirement System of Ohio purchased a new stake in Bank of N.T. Butterfield and Son Limited (The) (NYSE: NTB) during the undefined quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 23,097 shares of the bank's stock, valued at approximately $1,374,000. Public Employees

Defense World·Sep 3, 2026
Bank of N.T. Butterfield & Son (NYSE:NTB) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Bank of N.T. Butterfield and Son Limited (The) (NYSE: NTB - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $60.68 and traded as low as $59.21. Bank of N.T. Butterfield and Son shares last traded at $59.6460, with

The Motley Fool·Sep 1, 2026
Bank of N.T. Butterfield CEO Sells All 207,000 Shares for $12.8 Million

Disposed of ~207,000 shares for a total transaction value of $12.8 million based on a weighted average price of $61.59. The sale represents 100% of the executive's direct equity holdings in the company.

Filtered for The Bank of N.T. Butterfield & Son LimitedMore Headlines
04

Compare before deciding

Benchmark NTB against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for The Bank of N.T. Butterfield & Son Limited (NTB)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NTB logoNTBThe Bank of N.T. Butterfield & Son LimitedCurrent
$58.11$2.3B10.624.27%28.99%21.44%3.15%
WSFS logoWSFSWSFS Financial Corporation
$76.99$4.01B15.132.08%29.27%11.78%—
FIBK logoFIBKFirst Interstate BancSystem, Inc.
$36.02$3.5B12.25-29.41%34.02%9.55%—
BOKF logoBOKFBOK Financial Corporation
$130.58$7.93B14.229.59%18.3%10.31%—
IBCP logoIBCPIndependent Bank Corporation
$35.30$727.4M10.804.57%22.71%14.12%—
CATY logoCATYCathay General Bancorp
$60.47$4.05B13.3212.08%24.97%11.71%—

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.

Closest Rival

vs WSFS

Most directly comparable listed peer for NTB.

Scale Benchmark

vs V

Larger-name benchmark to compare NTB against a more recognizable public peer.

Peer Set

Compare Top 5

vs WSFS, FIBK, BOKF, IBCP

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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) grew revenue by 4.3% over the past year. Growth has been modest.

Is NTB profitable?

Yes, The Bank of N.T. Butterfield & Son Limited (NTB) is profitable, generating $234.4M 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 3.15%. 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.

What if you invested $1,000 in NTB back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →