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.
Excellent balance sheet established dividend payer.
Share Price & News
How has Bank of N.T. Butterfield & Son's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NTB has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NTB underperformed the US Banks industry which returned 12.1% over the past year.
Return vs Market: NTB underperformed the US Market which returned 20.1% over the past year.
Price Volatility Vs. Market
How volatile is Bank of N.T. Butterfield & Son's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StHow Does The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Affect Your Portfolio Volatility?
1 month ago | Simply Wall StWhen Should You Buy The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)?
2 months ago | Simply Wall StHere's How We Evaluate The Bank of N.T. Butterfield & Son Limited's (NYSE:NTB) Dividend
Is Bank of N.T. Butterfield & Son undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NTB ($33.72) is trading below our estimate of fair value ($69.94)
Significantly Below Fair Value: NTB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NTB is good value based on its PE Ratio (10.1x) compared to the Banks industry average (12.6x).
PE vs Market: NTB is good value based on its PE Ratio (10.1x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: NTB is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: NTB is overvalued based on its PB Ratio (1.9x) compared to the US Banks industry average (1.2x).
How is Bank of N.T. Butterfield & Son forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NTB's forecast earnings growth (5.3% per year) is above the savings rate (1.7%).
Earnings vs Market: NTB's earnings (5.3% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: NTB's earnings are forecast to grow, but not significantly.
Revenue vs Market: NTB's revenue (1.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: NTB's revenue (1.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NTB's Return on Equity is forecast to be high in 3 years time (21.4%)
How has Bank of N.T. Butterfield & Son performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NTB has high quality earnings.
Growing Profit Margin: NTB's current net profit margins (33.2%) are lower than last year (37.7%).
Past Earnings Growth Analysis
Earnings Trend: NTB's earnings have grown significantly by 23.6% per year over the past 5 years.
Accelerating Growth: NTB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NTB had negative earnings growth (-9.3%) over the past year, making it difficult to compare to the Banks industry average (12.2%).
Return on Equity
High ROE: NTB's Return on Equity (18.4%) is considered low.
Return on Assets
Return on Capital Employed
How is Bank of N.T. Butterfield & Son's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: NTB has a low level of unsold assets or inventory.
Debt Coverage by Assets: NTB's debt is covered by short term assets (assets are 27.8x debt).
Financial Institutions Analysis
Asset Level: NTB's level of assets compared to its equity is moderate.
Allowance for Bad Loans: NTB has a low allowance for bad loans.
Low Risk Liabilities: NTB's liabilities are made up of primarily low risk sources of funding.
Loan Level: NTB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: NTB's loans are broadly funded by customer deposits.
Level of Bad Loans: NTB has an appropriate level of bad loans (0.98%)
What is Bank of N.T. Butterfield & Son's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NTB's dividend (5.22%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: NTB's dividend (5.22%) is in the top 25% of dividend payers in the US market (3.69%)
Stability and Growth of Payments
Stable Dividend: NTB's dividend payments have been volatile in the past 10 years.
Growing Dividend: NTB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.9%), NTB's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NTB's dividends in 3 years are forecast to be well covered by earnings (44.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Collins (56yo)
Mr. Michael W. Collins has been the Chairman of the Board of The Bank of NT Butterfield & Son Limited (Known as Bank Butterfield & Son Ltd) since July 27, 2017 and as its Chief Executive Officer since Sept ...
|Chairman & CEO||4.4yrs||no data||0.20% $3.5m|
|Group Chief Financial Officer||4.4yrs||no data||0.22% $3.9m|
|Chief Accountant||0yrs||no data||no data|
|Vice President of Investor Relations||0yrs||no data||no data|
|Group Chief Legal Officer & General Counsel||7.6yrs||no data||0.074% $1.3m|
|Group Head of Compliance||3.2yrs||no data||0.0029% $51.1k|
|VP & Group Head of Communications||0yrs||no data||no data|
|Group Head of Human Resources||4.4yrs||no data||0.034% $598.1k|
|Managing Director of Cayman Islands||0yrs||no data||0.057% $999.4k|
|Chief Credit Officer and Senior Vice President||0yrs||no data||no data|
Experienced Management: NTB's management team is considered experienced (4.4 years average tenure).
|Chairman & CEO||4.4yrs||no data||0.20% $3.5m|
|Non-Executive Director||2.2yrs||no data||0.0018% $32.0k|
|Lead Independent Director||1.3yrs||no data||0.0012% $21.9k|
|Independent Non-Executive Director||0yrs||no data||0.023% $406.3k|
|Independent Director||0.3yrs||no data||no data|
|Non-Executive Director||3.8yrs||no data||0.12% $2.1m|
|Independent Non-Executive Director||8.1yrs||no data||0.021% $367.7k|
|Non-Executive Director||6.6yrs||no data||0.017% $306.2k|
|Non-Executive Director||2.3yrs||no data||0.0021% $36.6k|
|Non-Executive Director||1.8yrs||no data||0.0012% $21.9k|
Experienced Board: NTB's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The Bank of N.T. Butterfield & Son Limited's company bio, employee growth, exchange listings and data sources
- Name: The Bank of N.T. Butterfield & Son Limited
- Ticker: NTB
- Exchange: NYSE
- Founded: 1858
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: US$1.769b
- Shares outstanding: 52.46m
- Website: https://www.bm.butterfieldgroup.com/Pages/default.aspx
Number of Employees
- The Bank of N.T. Butterfield & Son Limited
- 65 Front Street
- HM 12
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NTB.BH||BER (The Bermuda Stock Exchange)||COM NPV(POST REVSPLIT)||BM||BMD||No data|
|NTB||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Nov 2003|
|NTB.BH||BER (The Bermuda Stock Exchange)||Yes||Common Stock||BM||BMD||Nov 2003|
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 non-interest bearing deposits, as well as certificates of deposit. The company’s lending portfolio includes residential mortgage lending, automobile financing, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans. It also offers investment products and services; and cash and liquidity management, foreign exchange, custody administration, and settlement services. In addition, the company provides personal and property/auto insurance products; letters of credit; and cash management, payroll, remote banking, money market, advisory, brokerage, trust, estate, company management, private banking, administered banking services, and fiduciary services. Further, it offers debit cards; automated teller machines; personal and business deposit, merchant acquiring, and mobile/online banking services. The company operates through offices in the Cayman Islands, Guernsey, Jersey, the United Kingdom, The Bahamas, Switzerland, Singapore, Mauritius, and Canada, as well as through four branch locations in Bermuda and three branch locations in the Cayman Islands. The Bank of N.T. Butterfield & Son Limited was founded in 1858 and is headquartered in Hamilton, Bermuda.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 00:01|
|End of Day Share Price||2020/02/14 00:00|
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 here.