NTB Stock Analysis: Bank of N.T. Butterfield | NYSE
Banks - Diversified | NYSE, USA | Market Cap: 2.365m USD | 12M Return: 34.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 12.3M
EPS Trend: 80.4%
Qual. Beats: 1
Rev. Trend: 86.4%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 9.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Bank of N.T. Butterfield & Son Limited (NTB) is a Bermuda-based community and commercial bank offering a full suite of retail and corporate banking services, including checking, savings, term deposits, residential and commercial mortgages, consumer and commercial lending, credit cards, treasury, and wealth management services. The bank also provides cash management, foreign exchange, custody, fiduciary, and investment management products, serving both individuals and small to medium-sized businesses. Founded in 1784 and headquartered in Hamilton, Bermuda, Butterfield operates across multiple international jurisdictions, including the Cayman Islands, Guernsey, Jersey, the UK, The Bahamas, Hong Kong, Switzerland, Singapore, Mauritius, and Canada.
As a mid-cap ($2.3B USD) diversified bank listed on the NYSE since 2016, Butterfield operates primarily in offshore financial centers, with a business model that combines traditional community banking in Bermuda and the Cayman Islands with international wealth management and corporate services targeting non-residents and institutional clients.
- Net interest margin expands on higher benchmark rates
- Offshore wealth management fees drive noninterest income growth
- Bermuda and Cayman loan demand supports net interest income
| Net Income: 240.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.22 > 1.0 |
| NWC/Revenue: -988.1% < 20% (prev -1.04k%; Δ 54.08% < -1%) |
| CFO/TA 0.02 > 3% & CFO 275.6m > Net Income 240.8m |
| Net Debt (-5.40b) to EBITDA (284.8m): -18.95 < 3 |
| Current Ratio: 0.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (40.9m) vs 12m ago -6.22% < -2% |
| Gross Margin: 80.94% > 18% (prev 71.69%; Δ 9.25% > 0.5%) |
| Asset Turnover: 5.33% > 50% (prev 5.83%; Δ -0.50% > 0%) |
| Interest Coverage Ratio: 1.36 > 6 (EBIT TTM 247.0m / Interest Expense TTM 181.7m) |
| A: -0.52 (Total Current Assets 5.53b - Total Current Liabilities 13.0b) / Total Assets 14.4b |
| B: 0.04 (Retained Earnings 512.2m / Total Assets 14.4b) |
| C: 0.02 (EBIT TTM 247.0m / Avg Total Assets 14.2b) |
| D: 0.09 (Book Value of Equity 1.14b / Total Liabilities 13.3b) |
| Altman-Z'' = -3.08 = D |
As of July 11, 2026, the stock is trading at USD 60.42 with a total of 116,112 shares traded. Over the past week, the price has changed by +1.26%, over one month by +3.73%, over three months by +8.84% and over the past year by +34.37%.
Current recommended Stop Loss: 58.90 (which is 2.5% or 1.4 ATR below the current price).
Bank of N.T. Butterfield has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy NTB.
- StrongBuy: 2
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 61.3 | 1.5% |
P/E Trailing = 10.3484
P/S = 3.8628
P/B = 2.0804
P/EG = 1.96
Revenue TTM = 757.5m USD
EBIT TTM = 247.0m USD
EBITDA TTM = 284.8m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 132.3m USD (from shortTermDebt, last quarter)
Debt = 132.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -5.40b USD (calculated: Debt 132.3m - CCE 5.53b)
Enterprise Value = 2.37b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 1.36 (Ebit TTM 247.0m / Interest Expense TTM 181.7m)
EV/FCF = 9.47x (Enterprise Value 2.37b / FCF TTM 249.7m)
FCF Yield = 10.56% (FCF TTM 249.7m / Enterprise Value 2.37b)
FCF Margin = 32.97% (FCF TTM 249.7m / Revenue TTM 757.5m)
Net Margin = 31.79% (Net Income TTM 240.8m / Revenue TTM 757.5m)
Gross Margin = 80.94% ((Revenue TTM 757.5m - Cost of Revenue TTM 144.3m) / Revenue TTM)
Gross Margin QoQ = none% (prev 78.34%)
Tobins Q-Ratio = 0.16 (Enterprise Value 2.37b / Total Assets 14.4b)
Interest Expense / Debt = 137.4% (Interest Expense 181.7m / Debt 132.3m)
Taxrate = 2.53% (6.25m / 247.0m)
NOPAT = 240.8m (EBIT 247.0m * (1 - 2.53%))
Current Ratio = 0.42 (Total Current Assets 5.53b / Total Current Liabilities 13.0b)
Debt / Equity = 0.12 (Debt 132.3m / totalStockholderEquity, last quarter 1.14b)
Debt / EBITDA = -18.95 (Net Debt -5.40b / EBITDA 284.8m)
Debt / FCF = -21.62 (Net Debt -5.40b / FCF TTM 249.7m)
Total Stockholder Equity = 1.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.69% (Net Income 240.8m / Total Assets 14.4b)
RoE = 21.63% (Net Income TTM 240.8m / Total Stockholder Equity 1.11b)
RoCE = 22.19% (EBIT 247.0m / Capital Employed (Equity 1.11b + L.T.Debt 0.0))
RoIC = 16.00% (NOPAT 240.8m / Invested Capital 1.50b)
WACC = 7.72% (E(2.37b)/V(2.50b) * Re(8.15%) + (debt cost/tax rate unavailable))
Discount Rate = 8.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.39 | Cagr: -6.97%
[DCF] Terminal Value 74.19% ; FCFF base≈259.1m ; Y1≈241.4m ; Y5≈220.2m
[DCF] Fair Price = 224.2 (EV 3.48b - Net Debt -5.40b = Equity 8.88b / Shares 39.6m; r=8.35% [WACC [floored]]; 5y FCF grow -8.59% → 2.50% )
EPS Correlation: 80.41 | EPS CAGR: 7.90% | SUE: 1.96 | # QB: 1
Revenue Correlation: 86.45 | Revenue CAGR: 14.64% | SUE: 0.08 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.51 | Chg30d=+0.78% | Revisions=+25% | Analysts=3
EPS next Quarter (2026-09-30): EPS=1.55 | Chg30d=-0.64% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=6.17 | Chg30d=+1.04% | Revisions=+40% | GrowthEPS=+10.2% | GrowthRev=+4.4%
EPS next Year (2027-12-31): EPS=7.06 | Chg30d=+4.44% | Revisions=+40% | GrowthEPS=+14.4% | GrowthRev=+87.4%
[Analyst] Revisions Ratio: +67% (up=6, down=0)