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Bank of N.T. Butterfield & Son NYSE:NTB Stock Report

Last Price

US$37.98

Market Cap

US$1.7b

7D

3.5%

1Y

29.4%

Updated

07 Feb, 2025

Data

Company Financials +

The Bank of N.T. Butterfield & Son Limited

NYSE:NTB Stock Report

Market Cap: US$1.7b

NTB Stock Overview

Provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. More details

NTB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends4/6

Rewards

Trading at 67.7% below our estimate of its fair value

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 7.1% per year for the next 3 years


Community Narratives

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Narratives bring a range of perspectives from our community.

WA
Analyst Price Target
Consensus Narrative from 4 Analysts

Future Expansion May Diversify Revenue Streams Despite Potential Net Interest Income Pressures

Key Takeaways Expansion in key regions and strategic acquisitions could diversify revenue streams and enhance future growth and earnings per share. Efficiency improvements and reduced deposit costs may improve net interest margins and protect future earnings through quality asset management.
View narrative
US$41.75
FV
9.0% undervalued intrinsic discount
-0.43%
Revenue growth p.a.
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0users have followed this narrative
9 days ago author updated this narrative

My Notes

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The Bank of N.T. Butterfield & Son Limited Competitors

Inter & Co

NasdaqGS:INTR

US$2.4b

Comerica

NYSE:CMA

US$8.9b

FineMark Holdings

OTCPK:FNBT

US$328.0m

Credicorp

NYSE:BAP

US$15.3b

Price History & Performance

Summary of share price highs, lows and changes for Bank of N.T. Butterfield & Son
Historical stock prices
Current Share PriceUS$37.98
52 Week HighUS$40.55
52 Week LowUS$28.73
Beta1.14
1 Month Change4.92%
3 Month Change0.77%
1 Year Change29.36%
3 Year Change-0.079%
5 Year Change12.63%
Change since IPO-90.51%

Recent News & Updates

Bank of N.T. Butterfield & Son: No Longer A Bargain As Bullish Thesis Has Played Out (Rating Downgrade)

Dec 26

Recent updates

Bank of N.T. Butterfield & Son: No Longer A Bargain As Bullish Thesis Has Played Out (Rating Downgrade)

Dec 26

Bank of N.T. Butterfield & Son (NYSE:NTB) Will Pay A Dividend Of $0.44

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 (NYSE:NTB) Released Earnings Last Week And Analysts Lifted Their Price Target To US$41.50

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

NTB: We Know Of No Other Bank Generating ROE In Excess Of 20% And Offering 9% Dividend Yield

Jul 16

With EPS Growth And More, Bank of N.T. Butterfield & Son (NYSE:NTB) Makes An Interesting Case

Mar 22
With EPS Growth And More, Bank of N.T. Butterfield & Son (NYSE:NTB) Makes An Interesting Case

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Yearly Results: Here's What Analysts Are Forecasting For This Year

Feb 15
The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Yearly Results: Here's What Analysts Are Forecasting For This Year

The Bank Of N.T. Butterfield & Son: Not Bad, But Not Great Either

Jan 09

The Bank Of N.T. Butterfield & Son Limited - Operationally A Very Solid Business

Sep 24

Here's Why Bank of N.T. Butterfield & Son (NYSE:NTB) Has Caught The Eye Of Investors

Sep 11
Here's Why Bank of N.T. Butterfield & Son (NYSE:NTB) Has Caught The Eye Of Investors

Bank of N.T. Butterfield & Son (NYSE:NTB) Has Affirmed Its Dividend Of $0.44

Aug 04
Bank of N.T. Butterfield & Son (NYSE:NTB) Has Affirmed Its Dividend Of $0.44

Bank Of N.T. Butterfield: A Resilient Bank That Is Being Overlooked

Jul 02

Bank of N.T. Butterfield & Son: Great Bank At A Steep Discount

Jun 22

Is Now The Time To Put Bank of N.T. Butterfield & Son (NYSE:NTB) On Your Watchlist?

Jun 08
Is Now The Time To Put Bank of N.T. Butterfield & Son (NYSE:NTB) On Your Watchlist?

Bank of N.T. Butterfield & Son (NYSE:NTB) Has Announced A Dividend Of $0.44

Apr 28
Bank of N.T. Butterfield & Son (NYSE:NTB) Has Announced A Dividend Of $0.44

The Bank of N.T. Butterfield & Son goes ex-dividend tomorrow

Feb 23

The Bank of N.T. Butterfield & Son Non-GAAP EPS of $1.27 beats by $0.13, revenue of $148.5M beats by $5.24M

Feb 13

The Bank of N.T. Butterfield & Son goes ex-dividend tomorrow

Nov 09

Bank of N.T. Butterfield & Son's (NYSE:NTB) Dividend Will Be $0.44

Nov 04
Bank of N.T. Butterfield & Son's (NYSE:NTB) Dividend Will Be $0.44

The Bank of N.T. Butterfield & Son Non-GAAP EPS of $1.16 beats by $0.05, revenue of $141.1M in-line

Oct 31

Butterfield Bank: Q2 Earnings Overview For This 5.2%-Yielding Offshore Bank

Aug 11

The Bank of N.T. Butterfield & Son goes ex-dividend tomorrow

Aug 04

Bank of N.T. Butterfield & Son (NYSE:NTB) Is Due To Pay A Dividend Of $0.44

Jul 30
Bank of N.T. Butterfield & Son (NYSE:NTB) Is Due To Pay A Dividend Of $0.44

The Bank of N.T. Butterfield & Son Non-GAAP EPS of $1.01 beats by $0.08, revenue of $133.2M beats by $2.37M

Jul 25

Bank of N.T. Butterfield & Son announces unsolicited mini-tender offer

Jul 15

Bank of N.T. Butterfield & Son (NYSE:NTB) Has Re-Affirmed Its Dividend Of US$0.44

May 08
Bank of N.T. Butterfield & Son (NYSE:NTB) Has Re-Affirmed Its Dividend Of US$0.44

Shareholder Returns

NTBUS BanksUS Market
7D3.5%1.8%-0.3%
1Y29.4%44.7%20.4%

Return vs Industry: NTB underperformed the US Banks industry which returned 46.5% over the past year.

Return vs Market: NTB exceeded the US Market which returned 22% over the past year.

Price Volatility

Is NTB's price volatile compared to industry and market?
NTB volatility
NTB Average Weekly Movement2.9%
Banks Industry Average Movement3.8%
Market Average Movement6.0%
10% most volatile stocks in US Market18.5%
10% least volatile stocks in US Market3.0%

Stable Share Price: NTB has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: NTB's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
17841,259Michael Collinswww.butterfieldgroup.com

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. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits.

The Bank of N.T. Butterfield & Son Limited Fundamentals Summary

How do Bank of N.T. Butterfield & Son's earnings and revenue compare to its market cap?
NTB fundamental statistics
Market capUS$1.71b
Earnings (TTM)US$210.28m
Revenue (TTM)US$573.10m

8.0x

P/E Ratio

1.6x

P/B Ratio

Is NTB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NTB income statement (TTM)
RevenueUS$573.10m
Cost of RevenueUS$0
Gross ProfitUS$573.10m
Other ExpensesUS$362.82m
EarningsUS$210.28m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 10, 2025

Earnings per share (EPS)4.76
Gross Margin100.00%
Net Profit Margin36.69%
Debt/Equity Ratio20.8%

How did NTB perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

39%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 09:35
End of Day Share Price 2025/02/07 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William NanceGoldman Sachs
Christopher McGrattyKeefe, Bruyette, & Woods
Timothy SwitzerKeefe, Bruyette, & Woods