Last 47 quarters of trend data · Financial Services · Banks - Diversified
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
The Bank of N.T. Butterfield & Son Limited's quarterly P/E stands at 8.1x, up 21.3% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 343.4% YoY to 1.9x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.71 | 8.09 | 7.35 | 8.86 | 7.91 | 6.67 | 7.95 | 8.06 | 7.08 | 7.21 | 6.84 | 5.61 | 5.44 |
| — | +21.3% | -7.6% | +9.9% | +11.8% | -7.5% | +16.2% | +43.7% | +30.0% | +21.9% | -3.1% | -28.8% | -46.0% | |
| P/S Ratio | 2.93 | 2.54 | 2.28 | 2.38 | 2.14 | 1.90 | 2.04 | 2.00 | 1.90 | 2.66 | 2.34 | 2.33 | 2.29 |
| — | +33.8% | +11.9% | +19.3% | +12.2% | -28.5% | -12.8% | -14.1% | -16.9% | +7.0% | -18.4% | -19.7% | -35.1% | |
| P/B Ratio | 2.18 | 1.81 | 1.65 | 1.77 | 1.60 | 1.56 | 1.58 | 1.63 | 1.52 | 1.53 | 1.44 | 1.44 | 1.44 |
| — | +16.1% | +4.8% | +8.5% | +5.8% | +1.5% | +9.5% | +13.3% | +5.0% | -10.9% | -32.7% | -25.8% | -32.0% | |
| P/FCF | 9.18 | 8.77 | 9.77 | 5.04 | 7.65 | 14.05 | 3.96 | 4.88 | 14.42 | 4.73 | 12.98 | 4.96 | 4.83 |
| — | -37.6% | +146.8% | +3.2% | -46.9% | +197.2% | -69.5% | -1.5% | +198.6% | -16.8% | +20.2% | -55.0% | -41.5% | |
| EV / EBITDA | 2.90 | 1.90 | 1.14 | 1.76 | -1.12 | -0.78 | -1.06 | -2.15 | -0.72 | 0.09 | — | — | — |
| — | +343.4% | +207.9% | +182.1% | -56.0% | -1019.8% | — | — | — | — | — | — | — | |
| EV / EBIT | 3.25 | 1.89 | 1.31 | 2.01 | -1.37 | -0.89 | -1.34 | -3.23 | -0.64 | — | — | — | — |
| — | +312.5% | +198.3% | +162.3% | -114.9% | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
The Bank of N.T. Butterfield & Son Limited's operating margin was 32.5% in Q4 2025, up 1.3 pp QoQ and up 3.3 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 29.7% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 7.7% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.9% | 78.3% | 76.4% | 73.9% | 74.7% | 72.7% | 69.3% | 70.2% | 72.1% | 100.0% | 100.0% | 100.0% | 100.0% |
| — | +7.7% | +10.3% | +5.3% | +3.5% | -27.3% | -30.7% | -29.8% | -27.9% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Operating Margin | 29.8% | 32.5% | 31.2% | 27.5% | 27.7% | 29.2% | 26.2% | 25.3% | 27.4% | 49.7% | — | — | — |
| — | +11.3% | +19.0% | +8.7% | +1.0% | -41.3% | — | — | — | — | — | — | — | |
| Net Margin | 29.0% | 31.4% | 30.5% | 26.9% | 27.1% | 28.5% | 25.6% | 24.9% | 27.0% | 37.0% | 34.3% | 41.6% | 42.1% |
| — | +10.3% | +19.0% | +8.2% | +0.4% | -22.9% | -25.3% | -40.2% | -36.0% | -12.2% | -15.7% | +13.4% | +20.2% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.4% | 5.7% | 5.6% | 5.0% | 5.2% | 5.7% | 5.1% | 5.1% | 5.3% | 5.6% | 5.2% | 6.5% | 6.9% |
| — | -0.7% | +9.9% | -1.2% | -3.2% | +2.8% | -1.8% | -21.5% | -22.6% | -28.7% | -29.4% | +8.2% | +41.6% | |
| ROA | 1.6% | 0.5% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% |
| — | +8.7% | +16.1% | +2.6% | -4.2% | +3.3% | +1.9% | -17.7% | -10.5% | -10.5% | -10.8% | +35.0% | +53.1% | |
| ROIC | 14.9% | 4.3% | 4.3% | 3.7% | 3.5% | 3.9% | 3.6% | 3.5% | 3.7% | 5.0% | — | — | — |
| — | +12.2% | +20.4% | +4.2% | -4.8% | -23.0% | — | — | — | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The Bank of N.T. Butterfield & Son Limited's Debt/EBITDA ratio is 0.6x — comfortably within a safe range.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | — | — | 0.09 | 0.19 | 0.09 | 0.10 | 0.10 | 0.13 | 0.11 | 0.10 | 0.18 |
| — | -81.9% | — | — | -5.7% | +43.0% | -13.1% | -4.7% | -46.2% | -34.1% | -53.2% | -51.7% | -9.9% | |
| Debt / EBITDA | 0.15 | 0.59 | — | — | 1.46 | 2.76 | 1.45 | 1.27 | 2.04 | 1.83 | — | — | — |
| — | -78.5% | — | — | -28.1% | +51.2% | — | — | — | — | — | — | — | |
| Current Ratio | 516.92 | — | 0.38 | 0.37 | 0.32 | 0.36 | 0.84 | 0.39 | 0.40 | 0.35 | 22.17 | 26.18 | 25.28 |
| — | — | -54.3% | -2.9% | -18.4% | +3.7% | -96.2% | -98.5% | -98.4% | -97.0% | -3.9% | -4.6% | +108.7% | |
| Quick Ratio | 516.92 | — | 0.38 | 0.37 | 0.32 | 0.36 | 0.84 | 0.39 | 0.40 | 0.35 | 22.17 | 26.18 | 25.28 |
| — | — | -54.3% | -2.9% | -18.4% | +3.7% | -96.2% | -98.5% | -98.4% | -97.0% | -3.9% | -4.6% | +108.7% | |
| Interest Coverage | 1.23 | 1.49 | 1.34 | 1.06 | 1.08 | 1.08 | 0.87 | 0.86 | 0.98 | 1.37 | -0.19 | -0.23 | -0.22 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying NTB stock.
The Bank of N.T. Butterfield & Son Limited's current P/E is 10.7x. The average P/E over the last 4 quarters is 8.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
The Bank of N.T. Butterfield & Son Limited's current operating margin is 29.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The Bank of N.T. Butterfield & Son Limited's business trajectory between earnings reports.