The bank maintains a conservative liquidity profile with $1.9 billion in cash and bank deposits, while the investment securities portfolio has expanded significantly to $10.9 billion as of 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Cash & Short Term Investments | 17.9B | 2.7B | 4.67B | 2.29B | 4.96B | 3.38B | 4.11B | 3.77B | 4.29B | 5.1B | 5.95B | 4.9B | 4.69B | 1.77B | 1.79B |
| Cash & Due from Banks | 1.94B | 1.61B | 2B | 1.65B | 2.1B | 2.18B | 3.29B | 2.55B | 2.05B | 1.53B | 2.1B | 2.29B | 2.06B | 1.77B | 1.65B |
| Short Term Investments | 3.59B | 1.1B | 2.67B | 639.13M | 2.86B | 1.2B | 823M | 1.22B | 52M | 250M | 520M | 2.61B | 2.63B | 0 | 138M |
| Total Investments | 10.93B | 12.03B | 10.39B | 1.66B | 11.7B | 8.63B | 6.51B | 6.87B | 4.36B | 5.21B | 8.79B | 6.26B | 6.03B | 0 | 6.98B |
| Investments Growth % | 49.31% | 15.84% | 525.49% | -85.81% | 35.55% | 32.66% | -5.28% | 57.65% | -16.27% | -40.75% | 40.42% | 3.85% | - | -100% | - |
| Long-Term Investments | 33.51B | 10.94B | 7.72B | 1.02B | 8.85B | 7.44B | 5.69B | 5.65B | 4.31B | 4.96B | 4.92B | 3.65B | 3.4B | 0 | 6.84B |
| Accounts Receivables | 0 | 0 | 0 | 0 | 203.52M | 144.28M | 144.79M | 23.56M | 20.87M | 24.91M | 22.78M | 17.46M | 19.24M | 0 | 0 |
| Goodwill & Intangibles | 83.92M | 86.8M | 89.61M | 98.91M | 74.37M | 86.11M | 92.82M | 96.5M | 74.74M | 60.59M | 61.91M | 51.13M | 57.86M | 24.68M | 22.28M |
| Goodwill | 24.99M | 25.39M | 23.62M | 24.11M | 22.89M | 25.36M | 25.63M | 24.84M | 23.99M | 21.53M | 19.62M | 23.46M | 24.82M | 7.09M | 6.95M |
| Intangible Assets | 58.94M | 61.41M | 65.99M | 74.8M | 51.48M | 60.75M | 67.19M | 71.67M | 50.75M | 39.07M | 42.29M | 27.67M | 33.04M | 17.59M | 15.33M |
| PP&E (Net) | 161.5M | 159M | 153.78M | 154.36M | 146.14M | 139M | 151M | 158M | 158M | 165M | 168M | 183.38M | 215.12M | 235.05M | 243.32M |
| Other Assets | 1.31B | 197.54M | 1.6B | 9.2B | 76.43M | -7.66B | -5.93B | -5.91B | 15.16M | 12.6M | 11.32M | 7.65B | 7.38B | 6.85B | 23.25M |
| Total Current Assets | 5.53B | 2.71B | 4.67B | 2.29B | 5.16B | 3.54B | 4.28B | 3.79B | 6.22B | 5.58B | 5.94B | 6.39B | 6.19B | 1.77B | 1.81B |
| Total Non-Current Assets | 8.89B | 11.38B | 9.56B | 10.48B | 9.14B | 7.66B | 5.93B | 5.91B | 4.56B | 5.2B | 5.16B | 3.88B | 3.67B | 7.1B | 7.13B |
| Total Assets | 14.42B | 14.1B | 14.23B | 13.37B | 14.31B | 15.34B | 14.74B | 13.92B | 10.77B | 10.78B | 11.1B | 10.28B | 9.86B | 8.87B | 8.94B |
| Asset Growth % | 1.7% | -0.96% | 6.41% | -6.51% | -6.71% | 4.04% | 5.87% | 29.23% | -0.06% | -2.93% | 8.06% | 4.23% | 11.13% | -0.8% | - |
| Return on Assets (ROA) | 1.7% | 1.64% | 1.57% | 1.63% | 1.44% | 1.08% | 1.03% | 1.43% | 1.81% | 1.4% | 1.08% | 0.77% | 1.16% | 0.66% | -0.01% |
| Accounts Payable | 0 | 0 | 0 | 0 | 185.86M | 189.38M | 203.86M | 262.36M | 5.07M | 2.38M | 2.14M | 2.74M | 4.75M | 0 | 0 |
| Total Debt | 132.3M | 38.72M | 191.29M | 98.49M | 172.29M | 172M | 171M | 144M | 143M | 117M | 117M | 117M | 117M | 207M | 495.49M |
| Net Debt | -1.81B | -1.57B | -1.81B | -1.55B | -1.93B | -2.01B | -3.12B | -2.41B | -1.91B | -1.42B | -1.99B | -2.17B | -1.95B | -1.56B | -1.16B |
| Long-Term Debt | 0 | 0 | 98.72M | 98.49M | 172.29M | 171.88M | 171.46M | 143.5M | 143.32M | 117M | 117M | 117M | 117M | 207M | 249.48M |
| Short-Term Debt | 132.3M | 5.25M | 92.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 246M |
| Other Liabilities | 274.4M | 12.95B | 273.39M | 4.01B | 92.02M | 126.23M | 0 | 500K | 0 | 0 | 0 | 0 | 0 | 7.86B | 7.59B |
| Total Current Liabilities | 13.01B | 5.25M | 12.84B | 8.4B | 13.18B | 316M | 335M | 8.36M | 5.07M | 9.52B | 10.01B | 2.74M | 4.75M | 3.83M | 246M |
| Total Non-Current Liabilities | 274.4M | 12.95B | 372.11M | 4.11B | 264.31M | 172M | 171M | 144M | 143.32M | 117M | 117M | 117M | 117M | 8.06B | 7.84B |
| Total Liabilities | 13.29B | 12.95B | 13.21B | 12.37B | 13.44B | 14.36B | 13.76B | 12.96B | 9.89B | 9.96B | 10.39B | 9.53B | 9.01B | 8.07B | 8.08B |
| Total Equity | 1.14B | 1.14B | 1.02B | 1B | 864.82M | 977M | 982M | 964M | 882M | 823M | 711M | 750.35M | 849.37M | 803.18M | 857.17M |
| Equity Growth % | 30.21% | 11.87% | 1.72% | 16.05% | -11.48% | -0.51% | 1.87% | 9.3% | 7.17% | 15.75% | -5.24% | -11.66% | 5.75% | -6.3% | - |
| Equity / Assets (Capital Ratio) | 7.88% | 8.1% | 7.17% | 7.5% | 6.05% | 6.37% | 6.66% | 6.92% | 8.19% | 7.64% | 6.4% | 7.3% | 8.62% | 9.05% | 9.59% |
| Return on Equity (ROE) | 21.63% | 21.44% | 21.37% | 24.14% | 23.24% | 16.61% | 15.13% | 19.18% | 22.9% | 19.99% | 15.86% | 9.72% | 13.09% | 7.04% | -0.12% |
| Book Value per Share | 27.79 | 26.92 | 22.65 | 20.37 | 17.34 | 19.59 | 19.31 | 17.97 | 15.82 | 14.84 | 14.33 | 15.84 | 17.93 | 14.51 | 15.41 |
| Tangible BV per Share | 25.74 | 24.88 | 20.66 | 18.36 | 15.85 | 17.86 | 17.49 | 16.17 | 14.48 | 13.75 | 13.08 | 14.76 | 16.71 | 14.06 | 15.01 |
| Common Stock | 396K | 399K | 435K | 475K | 503K | 499K | 500K | 530K | 882M | 823M | 711M | 473K | 550K | 5.5M | 5.5M |
| Additional Paid-in Capital | 838.76M | 851.22M | 916.39M | 988.9M | 1.03B | 1.02B | 1.01B | 1.08B | 1.17B | 1.16B | 1.14B | 1.23B | 1.35B | 1.34B | 1.16B |
| Retained Earnings | 512.22M | 494.38M | 422.46M | 342.52M | 229.73M | 104.33M | 33.92M | -9.24M | -92.68M | -204.16M | -287.68M | -368.62M | -405.06M | -460.16M | -482.8M |
| Accumulated OCI | -215.28M | -204.16M | -295.42M | -310.2M | -377.45M | -124.92M | -49.68M | -87.1M | -148.53M | -129.05M | -144.68M | -90.5M | -77.52M | -76.66M | -12.52M |
| Treasury Stock | 0 | 0 | -23.06M | -18.1M | -20.6M | -20.06M | -16.12M | -22.02M | -48.44M | 0 | -42K | -16.35M | -22.09M | -10.95M | -8.77M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2K | 9K | 689K | 195.65M |
Jurisdictional regulatory compliance exposure
As reported in financial statements, NTB's total assets have remained remarkably stable, hovering near $14.4 billion as of 2026Q1, which suggests a deliberate strategy of balance sheet preservation rather than aggressive expansion in the current interest rate environment across its primary offshore operating jurisdictions.
The bank's asset base shows minimal volatility, indicating that management is prioritizing capital preservation over loan book growth. This stability appears to be a strategic choice to maintain a fortress balance sheet while navigating the complexities of its niche offshore markets.
Based on the bank's reported figures, the equity-to-assets ratio has remained consistently at 0.08 throughout most of the last ten quarters, which implies a high level of capitalization that provides a significant buffer against potential credit shocks or regulatory capital requirements.
This sustained capital position suggests that the bank is structurally over-capitalized relative to its current risk profile. Investors should monitor whether this excess capital continues to be deployed toward share repurchases or if it will be utilized to support future inorganic growth initiatives.
According to recent SEC filings, NTB maintains a substantial liquidity position with $1.9 billion in cash and bank deposits as of 2026Q1, reflecting a conservative approach to funding that prioritizes immediate access to capital over higher-yielding, less liquid asset deployments.
The bank's reliance on a large, liquid securities portfolio, which reached $10.9 billion in 2026Q1, underscores its role as a stable custodian of capital. This liquidity profile appears to insulate the institution from the funding volatility that often plagues mainland regional banks during periods of market stress.
As indicated by the significant fluctuations in the investment securities portfolio, which grew from $1.0 billion in 2023Q4 to $10.9 billion by 2026Q1, the bank faces potential sensitivity to interest rate pivots that could impact the valuation of its available-for-sale securities.
While the current liquidity position is robust, the rapid expansion of the investment portfolio warrants further investigation into the duration mismatch of these assets. Investors should monitor how potential shifts in the interest rate environment might affect the bank's tangible book value through unrealized gains or losses.
Quick answers to the most common questions about buying NTB stock.
As of 2025, The Bank of N.T. Butterfield & Son Limited (NTB) had total assets of $14.10B including $2.71B in current assets.
The Bank of N.T. Butterfield & Son Limited (NTB) carries total debt of $38.7M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
The Bank of N.T. Butterfield & Son Limited (NTB) has total shareholders' equity (book value) of $1.14B ($26.92 book value per share). Book value represents the net worth of the company belonging to common stock holders.
The Bank of N.T. Butterfield & Son Limited (NTB) reported a current ratio of 516.92x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.