Bank of N.T. Butterfield & Son Dividends and Buybacks
Dividend criteria checks 4/6
Bank of N.T. Butterfield & Son is a dividend paying company with a current yield of 3.56% that is well covered by earnings. Next payment date is on 27th May, 2026 with an ex-dividend date of 13th May, 2026.
Key information
3.6%
Dividend yield
6.7%
Buyback Yield
| Total Shareholder Yield | 10.2% |
| Future Dividend Yield | 3.6% |
| Dividend Growth | 8.6% |
| Next dividend pay date | 27 May 26 |
| Ex dividend date | 13 May 26 |
| Dividend per share | n/a |
| Payout ratio | 33% |
Recent dividend and buyback updates
Recent updates
Analysis Article • May 01
The Bank of N.T. Butterfield & Son Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
The Bank of N.T. Butterfield & Son Limited ( NYSE:NTB ) just released its latest quarterly results and things are...
Narrative Update • Apr 27
NTB: Future Buybacks And Margin Resilience Will Guide Measured Share Returns
Analysts have raised their price target on Bank of N.T. Butterfield & Son by $7, citing updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions as reflected in recent Street research commentary. Analyst Commentary Recent Street commentary around the higher price target focuses on how updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E may better align with the bank's current fundamentals and execution risk.Narrative Update • Apr 12
NTB: Buybacks And Margin Assumptions Will Shape Future Share Performance
Analysts have raised their price target on Bank of N.T. Butterfield & Son by $7, citing updated views on revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts link the higher price target to updated revenue expectations, suggesting the bank can support its current valuation if it executes on those growth plans.Narrative Update • Mar 28
NTB: Steady Fundamentals And Buybacks Will Support Future Share Upside
Analysts have raised their price target on Bank of N.T. Butterfield & Son by $7, citing updated research that supports a steadier outlook reflected in largely unchanged fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent research behind the US$7 price target increase centers on a view that the bank’s fundamentals and risk profile are broadly in line with earlier expectations, with the higher target mainly reflecting updated market inputs rather than a major shift in thesis.Narrative Update • Mar 13
NTB: Raised Price Outlook And Share Repurchases Will Support Future Upside Potential
Narrative Update on Analyst Price Target Analysts have raised their price target on Bank of N.T. Butterfield & Son by $7, citing updated research that reflects their latest views on valuation and business fundamentals. Analyst Commentary The recent price target increase on Bank of N.T. Butterfield & Son is based on updated analyst views of how the bank is executing against its business fundamentals and how that compares with its current valuation.Seeking Alpha • Feb 27
Bank Of N.T. Butterfield & Son: An Offshore Moat Yielding Massive Capital Returns After A Stellar 2025
Summary The Bank of N.T. Butterfield & Son Limited (NTB) operates a highly profitable, defensible niche in offshore banking with a sticky, low-cost deposit base. NTB delivered an exceptional Q4 and full-year 2025, beating consensus estimates with an impressive $1.54 EPS in Q4 and generating a massive 24.2% core ROATCE for the year. The bank repurchased 3.5 million shares in 2025 and authorized a fresh 3.0 million share buyback program for 2026, alongside an attractive 3.5% dividend yield. Despite a 50%+ rally from its 52-week lows, the stock still trades at roughly 9.32x trailing earnings, representing a persistent discount to mainland US banking peers. With zero net charge-offs in Q4, a highly collateralized loan book, and an expanding net interest margin, NTB presents a highly attractive total return proposition for financial sector investors. Read the full article on Seeking AlphaNarrative Update • Feb 26
NTB: Share Repurchases And Margin Assumptions Will Shape Balanced Future Outlook
Analysts have nudged their average price target for Bank of N.T. Butterfield & Son up from $55.00 to about $57.33, citing updated assumptions for fair value, revenue growth, profit margin and future P/E that align with recent Street research, including the latest Wells Fargo target change. Analyst Commentary Recent research around Bank of N.T. Butterfield & Son has focused on refreshed fair value work, updated revenue and margin assumptions, and expectations for the future P/E multiple.Narrative Update • Feb 12
NTB: Share Repurchases And Profitability Assumptions Will Support Balanced Future Outlook
Analysts have raised their price target on Bank of N.T. Butterfield & Son from $51.50 to $55.00, citing updated assumptions around revenue growth, profit margin, a slightly higher discount rate, and a lower future P/E multiple. What's in the News The Board of Directors authorized a share buyback plan on December 8, 2025, indicating approval for repurchases of the company’s ordinary shares (Key Developments).Analysis Article • Apr 28
Bank of N.T. Butterfield & Son (NYSE:NTB) Has Announced A Dividend Of $0.44
The Bank of N.T. Butterfield & Son Limited's ( NYSE:NTB ) investors are due to receive a payment of $0.44 per share on...Analysis Article • Apr 26
The Bank of N.T. Butterfield & Son Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
The Bank of N.T. Butterfield & Son Limited ( NYSE:NTB ) just released its latest first-quarter results and things are...Analysis Article • Feb 21
Bank of N.T. Butterfield & Son (NYSE:NTB) Has Affirmed Its Dividend Of $0.44
The Bank of N.T. Butterfield & Son Limited's ( NYSE:NTB ) investors are due to receive a payment of $0.44 per share on...Analysis Article • Feb 13
Earnings Update: Here's Why Analysts Just Lifted Their The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Price Target To US$44.50
It's been a good week for The Bank of N.T. Butterfield & Son Limited ( NYSE:NTB ) shareholders, because the company has...Seeking Alpha • Dec 26
Bank of N.T. Butterfield & Son: No Longer A Bargain As Bullish Thesis Has Played Out (Rating Downgrade)
Summary N.T. Butterfield's unique island banking model and strong deposit base provide a competitive moat, offering stability despite the recent deposit flight worries. The bank's Q3 earnings were fine enough, as the aggressive share repurchase program offset a slight slip in net income. Despite past concerns, NTB's deposit base remains loyal and unrealized losses on securities improved, reflecting a resilient balance sheet. While NTB stock is no longer an obvious bargain, the bank's high return on equity and robust deposit franchise make shares a hold today. Read the full article on Seeking Alpha
New Narrative • Sep 24
Expanding Financial Services And Share Buybacks Promise Growth, Despite Looming Earnings Pressure
Expansion in net interest income and strategic introduction of specialized financial services across various locations hint at potential revenue growth and diversification.Analysis Article • Jul 29
Bank of N.T. Butterfield & Son (NYSE:NTB) Will Pay A Dividend Of $0.44
The Bank of N.T. Butterfield & Son Limited's ( NYSE:NTB ) investors are due to receive a payment of $0.44 per share on...Analysis Article • Jul 25
The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Released Earnings Last Week And Analysts Lifted Their Price Target To US$41.50
As you might know, The Bank of N.T. Butterfield & Son Limited ( NYSE:NTB ) just kicked off its latest quarterly results...Seeking Alpha • Jul 16
NTB: We Know Of No Other Bank Generating ROE In Excess Of 20% And Offering 9% Dividend Yield
Summary One of NTB's key strengths lies in its well-established trust and asset management business, which offers wealth management services to high-net-worth individuals, family offices, and institutional/corporate clients. Over the last five years, the company has earned an average return on equity of 23% - and this return has actually increased with higher interest rates (the return on equity was 27% in 2023). We aren't alone in viewing NTB equity as undervalued - the folks running the bank agree and the company has been repurchasing shares. Read the full article on Seeking AlphaAnalysis Article • Mar 22
With EPS Growth And More, Bank of N.T. Butterfield & Son (NYSE:NTB) Makes An Interesting Case
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Feb 15
The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Yearly Results: Here's What Analysts Are Forecasting For This Year
Investors in The Bank of N.T. Butterfield & Son Limited ( NYSE:NTB ) had a good week, as its shares rose 2.4% to close...Seeking Alpha • Jan 09
The Bank Of N.T. Butterfield & Son: Not Bad, But Not Great Either
Summary The Bank of N.T. Butterfield & Son is a small bank with a market capitalization of $1.54 billion and $12 billion in deposits. The bank generates a significant portion of its revenue from non-interest income, which helps to justify its premium valuation to some extent. While the bank has shown growth in net interest income and profitability, its loan portfolio, cash on hand, and securities value have been declining. Read the full article on Seeking AlphaSeeking Alpha • Sep 24
The Bank Of N.T. Butterfield & Son Limited - Operationally A Very Solid Business
Summary The Bank of N.T. Butterfield & Son Limited offers a high yield of over 6% and has a track record of growth, making it appealing to investors. NTB specializes in serving high and ultra-high-net-worth individuals, offering a range of financial services, and has a solid financial health. The company's CEO emphasizes the potential for shareholder returns and the completion of an acquisition that expands its footprint in Asia. The company is undervalued and offers good potential returns. Read the full article on Seeking AlphaAnalysis Article • Sep 11
Here's Why Bank of N.T. Butterfield & Son (NYSE:NTB) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Aug 04
Bank of N.T. Butterfield & Son (NYSE:NTB) Has Affirmed Its Dividend Of $0.44
The board of The Bank of N.T. Butterfield & Son Limited ( NYSE:NTB ) has announced that it will pay a dividend on the...Seeking Alpha • Jul 02
Bank Of N.T. Butterfield: A Resilient Bank That Is Being Overlooked
Summary Bank of N.T. Butterfield & Son, a financial institution serving high and ultra-high-net-worth individuals in Bermuda, the Cayman Islands, and the Channel Islands, is currently being overlooked by the market in valuation terms. The bank has a solid financial position with a sound risk management approach, a loyal customer base, and limited competition due to high barriers to entry in its markets. Despite the positive macro environment for banks and NTB's strong position, the market is currently undervaluing the bank. We suggest that this presents an investment opportunity, with a potential return of between 18% and 22%. Read the full article on Seeking AlphaSeeking Alpha • Jun 22
Bank of N.T. Butterfield & Son: Great Bank At A Steep Discount
Summary N.T. Butterfield, a Caribbean island banking company, fell sharply thanks to the broader industry's troubles. N.T. Butterfield has substantial losses on its investment securities, but investors have blown the risk far out of proportion. Actual operating profits are hitting record highs, and there has been no issue with the bank's deposit base. Shares should move sharply higher once worries clear up. In the meantime, there's a large dividend and a buyback program in effect. Read the full article on Seeking AlphaUpcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NTB's dividends per share have been stable in the past 10 years.
Growing Dividend: NTB's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Bank of N.T. Butterfield & Son Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (NTB) | 3.6% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Banks) | 2.3% |
| Analyst forecast (NTB) (up to 3 years) | 3.6% |
Notable Dividend: NTB's dividend (3.56%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: NTB's dividend (3.56%) is low compared to the top 25% of dividend payers in the US market (4.21%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.7%), NTB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 19:00 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The Bank of N.T. Butterfield & Son Limited is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Timothy Switzer | Keefe, Bruyette, & Woods |
| Alexander Roberts Twerdahl | Piper Sandler Companies |
| David Feaster | Raymond James & Associates |