Bank of N.T. Butterfield & Son Ltd (NTB)
The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. The company offers retail and corporate checking, savings, and term deposits. It also provides lending products and services, including residential mortgage lending, automobile lending, credit cards, consumer financing, overdraft facilities to retail customers, commercial real estate lending, and commercial and industrial loans. In addition, the company offers cash and liquidity management, foreign exchange, custody administration, and settlement services. Further, it provides personal and business deposit services, residential and commercial mortgages, small and medium-sized enterprise and corporate loans, credit and debit cards, merchant acquiring, and mobile and internet banking services; and treasury services, wealth management, and fiduciary services. Additionally, the company offers discretionary investment management, managed portfolio services, money market, and mutual fund offerings, as well as advisory and self-directed brokerage options. It operates through offices in the Cayman Islands, Guernsey, Jersey, the United Kingdom, The Bahamas, Hong Kong, Switzerland, Singapore, Mauritius, and Canada, as well as Bermuda. The Bank of N.T. Butterfield & Son Limited was founded in 1784 and is headquartered in Hamilton, Bermuda.
- Symbol
- NTB
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Banks - Diversified
- Market cap
- $2.34B
- 52 week range
- 40.59 - 64.17
Valuation
- Share price
- $58.11 (close of 2026-09-23)
- P/E (TTM)
- 10.44x
- Price to book
- 2.05x
- Price to free cash flow
- 8.37x
- Enterprise value
- $668.76M
- Book value per share
- $28.58
Price performance
| Period | Change |
|---|
| 1 day | -1.76% |
| 5 days | -2.53% |
| 1 month | -0.85% |
| 3 months | -1.39% |
| 6 months | +12.20% |
| Year to date | +16.64% |
| 1 year | +31.00% |
| 3 years | +110.54% |
| 5 years | +75.24% |
| 10 years | +141.42% |
| All time | +134.79% |
Profitability and growth
- Return on equity
- 20.31%
- Return on assets
- 1.65%
- Net margin
- 38.22%
- EBITDA margin
- 77.10%
- Revenue growth
- 4.63%
- Net income growth
- 7.22%
- Free cash flow growth
- 5.32%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 11.95%
- Net debt to EBITDA
- -3.57x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $606.79M
- EBITDA
- $467.82M
- Net income
- $231.94M
- Earnings per share
- $5.61
- Interest expense
- $193.03M
- Shares outstanding
- 41.34M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|
| 2025-12-31 | $606.79M | $231.94M | $5.61 |
| 2024-12-31 | $579.93M | $216.32M | $4.80 |
| 2023-12-31 | $578.60M | $225.49M | $4.62 |
| 2022-12-31 | $549.30M | $214.02M | $4.32 |
| 2021-12-31 | $499.68M | $162.67M | $3.28 |
| 2020-12-31 | $494.19M | $147.22M | $2.91 |
| 2019-12-31 | $532.63M | $177.07M | $3.33 |
| 2018-12-31 | $517.81M | $195.18M | $3.55 |
| 2017-12-31 | $454.68M | $153.25M | $2.82 |
| 2016-12-31 | $402.57M | $115.94M | $1.20 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|
| 2025-12-31 | 38.22% | 20.31% |
| 2024-12-31 | 37.30% | 21.19% |
| 2023-12-31 | 38.97% | 22.47% |
| 2022-12-31 | 38.96% | 24.75% |
| 2021-12-31 | 32.55% | 16.64% |
| 2020-12-31 | 29.79% | 14.99% |
| 2019-12-31 | 33.25% | 18.37% |
| 2018-12-31 | 37.69% | 22.12% |
| 2017-12-31 | 33.71% | 18.62% |
| 2016-12-31 | 28.80% | 16.31% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $1.71B | - |
| 2024-12-31 | $2.00B | $98.72M |
| 2023-12-31 | $1.65B | $98.49M |
| 2022-12-31 | $2.10B | $172.29M |
| 2021-12-31 | $2.18B | $171.88M |
| 2020-12-31 | $3.29B | $171.46M |
| 2019-12-31 | $2.55B | $143.50M |
| 2018-12-31 | $2.05B | $143.32M |
| 2017-12-31 | $1.54B | $117.00M |
| 2016-12-31 | $2.10B | $117.00M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $279.56M | $22.25M |
| 2024-12-31 | $265.43M | $21.00M |
| 2023-12-31 | $300.29M | $20.81M |
| 2022-12-31 | $219.27M | $17.08M |
| 2021-12-31 | $251.35M | $15.15M |
| 2020-12-31 | $188.15M | $15.24M |
| 2019-12-31 | $248.72M | $17.72M |
| 2018-12-31 | $278.14M | $12.58M |
| 2017-12-31 | $222.90M | $8.41M |
| 2016-12-31 | $168.83M | $14.42M |
Dividend history
- Most recent payment
- 2026-08-12
- Paid in the last twelve months
- $1.50
| Payment date | Dividend per share |
|---|
| 2026-08-12 | $0.50 |
| 2026-05-13 | $0.50 |
| 2026-02-23 | $0.50 |
| 2025-08-11 | $0.50 |
| 2025-05-07 | $0.44 |
| 2025-02-24 | $0.44 |
| 2024-11-05 | $0.44 |
| 2024-08-05 | $0.44 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
- Consensus EPS estimate
- $1.55
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-27 | Jun/2026 | $1.51 |
| 2026-04-28 | - | - |
| 2026-02-09 | - | - |
| 2025-10-28 | - | - |
| 2025-07-28 | - | - |
| 2025-04-23 | - | - |
| 2025-02-10 | - | - |
| 2024-10-22 | - | - |
Filings and sources
- Company website
- butterfieldgroup.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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