NTB Stock Analysis: Bank of N.T. Butterfield | NYSE
Banks - Diversified | NYSE, USA | Market Cap: 2.311m USD | 12M Return: 41.7% | BMG0772R2087 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.82M
EPS Trend: 89.3%
Qual. Beats: 2
Rev. Trend: 71.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10 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 (NYSE: NTB) is a Bermuda-based diversified bank founded in 1784, serving individuals and small to medium-sized businesses with community, commercial, and private banking services. Its offerings span retail and corporate deposits, residential and commercial mortgage lending, consumer and commercial loans, credit cards, cash management, foreign exchange, custody, and treasury services, along with wealth management, fiduciary, and brokerage products.
The bank operates across multiple international financial centers, including Bermuda, the Cayman Islands, Guernsey, Jersey, the Bahamas, Hong Kong, Switzerland, Singapore, Mauritius, Canada, and the United Kingdom. Its geographic footprint reflects a business model centered on offshore and cross-border banking, catering to clients in jurisdictions known for international financial services and wealth structuring. Listed on the NYSE since 2016, Butterfield is classified within the Diversified Banks sub-industry, indicating its broad range of banking activities rather than specialization in a single segment.
- Interest rates boost net interest margins
- Wealth management AUM and fees expand
- Foreign exchange and treasury services drive non-interest income
- Loan growth in residential and commercial mortgages
- Regulatory shifts in offshore banking jurisdictions
| Net Income: 234.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.10 > 1.0 |
| NWC/Revenue: -701.1% < 20% (prev -990.3%; Δ 289.2% < -1%) |
| CFO/TA 0.02 > 3% & CFO 234.0m > Net Income 234.4m |
| Net Debt (-1.15b) to EBITDA (278.9m): -4.12 < 3 |
| Current Ratio: 0.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (40.4m) vs 12m ago -5.17% < -2% |
| Gross Margin: 86.90% > 18% (prev 72.61%; Δ 14.30% > 0.5%) |
| Asset Turnover: 5.04% > 50% (prev 5.72%; Δ -0.68% > 0%) |
| Interest Coverage Ratio: 1.41 > 6 (EBIT TTM 241.0m / Interest Expense TTM 171.2m) |
| A: -0.35 (Total Current Assets 7.97b - Total Current Liabilities 13.0b) / Total Assets 14.3b |
| B: 0.04 (Retained Earnings 529.4m / Total Assets 14.3b) |
| C: 0.02 (EBIT TTM 241.0m / Avg Total Assets 14.3b) |
| D: 0.09 (Book Value of Equity 1.15b / Total Liabilities 13.2b) |
| Altman-Z'' = -1.98 = D |
As of October 10, 2026, the stock is trading at USD 57.50 with a total of 74,449 shares traded. Over the past week, the price has changed by -2.14%, over one month by -3.64%, over three months by -3.65% and over the past year by +41.71%.
Current recommended Stop Loss: 56.10 (which is 2.4% or 1.4 ATR below the current price).
Bank of N.T. Butterfield has received a consensus analysts rating of 3.75. Therefore, it is recommended to hold NTB.
- StrongBuy: 1
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 65.3 | 13.6% |
P/E Trailing = 10.3451
P/S = 3.6964
P/B = 1.9895
P/EG = 1.96
Revenue TTM = 719.4m USD
EBIT TTM = 241.0m USD
EBITDA TTM = 278.9m USD
Long Term Debt = 33.8m USD (estimated: total debt 39.1m - short term 5.25m)
Short Term Debt = 5.25m USD (from shortTermDebt, last quarter)
Debt = 39.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.15b USD (calculated: Debt 39.1m - CCE 1.19b)
Enterprise Value = 1.16b USD (2.31b + Debt 39.1m - CCE 1.19b)
Interest Coverage Ratio = 1.41 (Ebit TTM 241.0m / Interest Expense TTM 171.2m)
EV/FCF = 4.29x (Enterprise Value 1.16b / FCF TTM 270.9m)
FCF Yield = 23.32% (FCF TTM 270.9m / Enterprise Value 1.16b)
FCF Margin = 37.66% (FCF TTM 270.9m / Revenue TTM 719.4m)
Net Margin = 32.58% (Net Income TTM 234.4m / Revenue TTM 719.4m)
Gross Margin = 86.90% ((Revenue TTM 719.4m - Cost of Revenue TTM 94.2m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.08 (Enterprise Value 1.16b / Total Assets 14.3b)
Interest Expense / Debt = 438.0% (Interest Expense 171.2m / Debt 39.1m)
Taxrate = 2.75% (6.64m / 241.0m)
NOPAT = 234.3m (EBIT 241.0m * (1 - 2.75%))
Current Ratio = 0.60 (Total Current Assets 7.97b / Total Current Liabilities 13.2b)
Debt / Equity = 0.03 (Debt 39.1m / totalStockholderEquity, last quarter 1.15b)
Debt / EBITDA = -4.12 (Net Debt -1.15b / EBITDA 278.9m)
Debt / FCF = -4.24 (Net Debt -1.15b / FCF TTM 270.9m)
Total Stockholder Equity = 1.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.64% (Net Income 234.4m / Total Assets 14.3b)
RoE = 20.68% (Net Income TTM 234.4m / Total Stockholder Equity 1.13b)
RoCE = 20.65% (EBIT 241.0m / Capital Employed (Equity 1.13b + L.T.Debt 33.8m))
RoIC = 1.64% (NOPAT 234.3m / Invested Capital 14.3b)
WACC = 7.40% (E(2.31b)/V(2.35b) * Re(7.53%) + (debt cost/tax rate unavailable))
Discount Rate = 7.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.02 | Cagr: -6.60%
[DCF] Terminal Value 76.27% ; FCFF base≈264.2m ; Y1≈279.9m ; Y5≈329.9m
[DCF] Fair Price = 158.2 (EV 5.07b - Net Debt -1.15b = Equity 6.22b / Shares 39.3m; r=8.35% [WACC [floored]]; 5y FCF grow 6.62% → 2.50% )
EPS Correlation: 89.26 | EPS CAGR: 11.05% | SUE: 0.98 | # QB: 2
Revenue Correlation: 71.79 | Revenue CAGR: 10.75% | SUE: 0.04 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.58 | Chg30d=+0.43% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=6.31 | Chg30d=+0.27% | Revisions=+25% | GrowthEPS=+12.6% | GrowthRev=+5.5%
EPS next Year (2027-12-31): EPS=7.33 | Chg30d=+1.62% | Revisions=+25% | GrowthEPS=+16.2% | GrowthRev=+87.4%
[Analyst] Revisions Ratio: +50% (up=3, down=0)