A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Bank of N.T. Butterfield & Son Ltd
NTB
$2.6B
Mkt Cap
$60.99
+1.13%
Bank of N.T. Butterfield & Son Ltd (NTB) has a current P/E ratio of 11.1, compared to its historical median P/E of 8.2. The stock is currently considered Fair based on its historical valuation range.
Bank of N.T. Butterfield & Son Ltd (NTB) has a 5-year average return on invested capital (ROIC) of 19.0%. This indicates strong capital allocation and a potential competitive advantage.
Bank of N.T. Butterfield & Son Ltd (NTB) has a market capitalization of $2.6B. It is classified as a mid-cap stock.
Yes, Bank of N.T. Butterfield & Son Ltd (NTB) pays a dividend with a trailing twelve-month yield of 3.01%. The company also returns capital through share buybacks, with a buyback yield of 5.67%.
Based on historical P/E analysis, Bank of N.T. Butterfield & Son Ltd (NTB) appears fair. The current P/E of 11.1 is 36% above its historical median of 8.2. The estimated fair value CAGR (P/E method) is 8.4%.
Bank of N.T. Butterfield & Son Ltd (NTB) operates in the Commercial Banks, Nec industry, within the Financials sector.
ITEM 4. INFORMATION ON THE COMPANY A.History and Development of the Company Corporate Information We are a local Bermuda company incorporated under the laws of Bermuda, incorporated on October 22, 1904, pursuant to The N.T. Butterfield & Son Bank Act, 1904 (the "Butterfield Act"). We are registered with the Registrar of Companies in Bermuda under registration number LC 2106. Our registered office and principal executive offices are located at 65 Front Street, Hamilton, HM 12, Bermuda. Our agent for service of process in the United States is C T Corporation System, 28 Liberty Street, New York, New York 10005. Our telephone number is (441) 295 1111. We maintain a website at www.butterfieldgroup.com. Neither this website nor the information on or accessible through this website is included or incorporated in, or is a part of, this report. The SEC maintains an internet site at https://www.sec.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 561M | 561M | 589M | 549M | 404M | 330M |
| Net Income | 232M | 232M | 216M | 225M | 214M | 163M |
| EPS | $5.47 | $5.47 | $4.71 | $4.58 | $4.29 | $3.26 |
| Free Cash Flow | 280M | 280M | 265M | 273M | 219M | 251M |
| ROIC | 1.6% | 20.5% | 19.5% | 21.1% | 19.6% | 14.1% |
| Gross Margin | 66.3% | 66.3% | 61.2% | 68.2% | 85.9% | 91.4% |
| Debt/Equity | 0.00 | 0.00 | 0.10 | 0.10 | 0.20 | 0.18 |
| Dividends/Share | $1.83 | $1.88 | $1.76 | $1.76 | $1.76 | $1.76 |
| Operating Income | 238M | 238M | 221M | 226M | 218M | 166M |
| Operating Margin | 42.4% | 42.4% | 37.5% | 41.2% | 53.8% | 50.3% |
| ROE | 20.3% | 21.4% | 21.4% | 24.1% | 23.2% | 16.6% |
| Shares Outstanding | 42M | 42M | 46M | 49M | 50M | 50M |
| Metric | 2014 | 2015 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 270M | 267M | 278M | 310M | 373M | 410M | 358M | 330M | 404M | 549M | 589M | 561M | 561M |
| Gross Margin | 0.0% | 89.1% | 92.5% | 93.0% | 91.5% | 85.5% | 88.0% | 91.4% | 85.9% | 68.2% | 61.2% | 66.3% | 66.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 130M | 135M | 140M | 145M | 160M | 184M | 174M | 161M | 166M | 178M | 174M | 183M | 183M |
| EBIT | 108M | 79M | 117M | 154M | 196M | 176M | 150M | 166M | 218M | 226M | 221M | 238M | 238M |
| Op. Margin | 40.0% | 29.6% | 41.9% | 49.8% | 52.7% | 42.9% | 41.8% | 50.3% | 53.8% | 41.2% | 37.5% | 42.4% | 42.4% |
| Net Income | 92M | 61M | 58M | 153M | 195M | 177M | 147M | 163M | 214M | 225M | 216M | 232M | 232M |
| Net Margin | 33.9% | 22.9% | 21.0% | 49.5% | 52.4% | 43.2% | 41.2% | 49.3% | 52.9% | 41.0% | 36.7% | 41.3% | 41.3% |
| Non-Recurring | 2.0M | 7.2M | 6.3M | 1.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | N/A | 7.1% | 6.9% | 17.3% | 19.9% | 16.6% | 13.0% | 14.1% | 19.6% | 21.1% | 19.5% | 20.5% | 1.6% |
| ROE | N/A | 7.7% | 8.0% | 20.0% | 22.9% | 19.2% | 15.1% | 16.6% | 23.2% | 24.1% | 21.4% | 21.4% | 20.3% |
| ROA | N/A | 1.2% | 0.5% | 1.4% | 1.8% | 1.4% | 1.0% | 1.1% | 1.4% | 1.6% | 1.6% | 1.6% | 1.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 144M | 156M | 179M | 242M | 297M | 249M | 188M | 251M | 219M | 300M | 265M | 280M | 280M |
| Free Cash Flow | 138M | 154M | 169M | 223M | 278M | 249M | 188M | 251M | 219M | 273M | 265M | 280M | 280M |
| Owner Earnings | 106M | 118M | 135M | 206M | 253M | 199M | 138M | 203M | 178M | 254M | 215M | 228M | 228M |
| CapEx | 6.1M | 1.5M | 9.8M | 19M | 19M | 0 | 0 | 0 | 0 | 27M | 481K | 0 | 0 |
| Maint. CapEx | 29M | 29M | 29M | 28M | 31M | 32M | 35M | 33M | 24M | 25M | 29M | 29M | 29M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | N/A | N/A | N/A | N/A | 1.8M | 0 | N/A | 0 |
| D&A | 29M | 29M | 29M | 28M | 31M | 32M | 35M | 33M | 24M | 25M | 29M | 29M | 29M |
| CapEx/OCF | N/A | N/A | 5.5% | 7.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 27M | 25M | 19M | 70M | 84M | 94M | 89M | 87M | 87M | 86M | 80M | 78M | 78M |
| Dividend Yield | N/A | N/A | 2.2% | 5.5% | 4.8% | 7.2% | 8.9% | 6.1% | 6.2% | 6.9% | 5.3% | 4.4% | 3.0% |
| Share Buybacks | 17M | 131M | 1.6M | 0 | 48M | 82M | 87M | 20M | 3.9M | 89M | 155M | 147M | 147M |
| Buyback Yield | 0.0% | N/A | 0.2% | N/A | 3.9% | 5.7% | 7.1% | 1.3% | 0.3% | 6.1% | 9.6% | 6.9% | 5.7% |
| Stock-Based Comp | 9.0M | 7.9M | 14M | 8.4M | 13M | 18M | 15M | 15M | 17M | 21M | 21M | 22M | 22M |
| Debt Repayment | 90M | 0 | 0 | 0 | 47M | 0 | 70M | 0 | 0 | 75M | 0 | 100M | 100M |
| Balance Sheet | |||||||||||||
| Net Debt | -2.4B | -4.4B | -5.3B | -4.8B | -4.1B | -3.7B | -5.8B | -3.2B | -7.7B | -6.9B | -7.5B | -7.5B | -1.8B |
| Cash & Equiv. | 2.1B | 2.3B | 2.1B | 1.6B | 2.1B | 2.6B | 3.3B | 2.2B | 2.1B | 1.7B | 2.1B | 1.8B | 1.8B |
| Long-Term Debt | 5.6M | 117M | 117M | 117M | 143M | 144M | 171M | 172M | 172M | 98M | 99M | 0 | N/A |
| Debt/Equity | N/A | 0.16 | 0.16 | 0.14 | 0.16 | 0.15 | 0.17 | 0.18 | 0.20 | 0.10 | 0.10 | 0.00 | 0.00 |
| Interest Coverage | 0.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.3 |
| Equity | N/A | 750M | 711M | 823M | 882M | 964M | 982M | 977M | 865M | 1.0B | 1.0B | 1.1B | 1.1B |
| Total Assets | N/A | 10.3B | 11.1B | 10.8B | 10.8B | 13.9B | 14.7B | 15.3B | 14.3B | 13.4B | 14.2B | 14.1B | 14.1B |
| Total Liabilities | N/A | 9.5B | 10.4B | 10.0B | 9.9B | 13.0B | 13.8B | 14.4B | 13.4B | 12.4B | 13.2B | 13.0B | 13.0B |
| Intangibles | N/A | 28M | 42M | 39M | 51M | 72M | 67M | 61M | 51M | 75M | 66M | 61M | 61M |
| Retained Earnings | N/A | -369M | -288M | -204M | -93M | -9.2M | 34M | 104M | 230M | 343M | 422M | 494M | 494M |
| Working Capital | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.65 | 1.23 | 1.18 | 2.76 | 3.50 | 3.30 | 2.90 | 3.26 | 4.29 | 4.58 | 4.71 | 5.47 | 5.47 |
| Owner EPS | 1.91 | 2.38 | 2.74 | 3.71 | 4.53 | 3.71 | 2.72 | 4.07 | 3.57 | 5.16 | 4.68 | 5.38 | 5.38 |
| Book Value | N/A | 15.07 | 14.37 | 14.82 | 15.82 | 17.96 | 19.34 | 19.59 | 17.34 | 20.38 | 22.23 | 26.93 | 26.93 |
| Cash Flow/Share | 2.59 | 3.12 | 3.61 | 4.36 | 5.32 | 4.64 | 3.71 | 5.04 | 4.40 | 6.10 | 5.78 | 6.59 | 6.16 |
| Dividends/Share | 0.50 | 0.50 | 0.40 | 1.28 | 1.52 | 1.76 | 1.76 | 1.76 | 1.76 | 1.76 | 1.76 | 1.88 | 1.83 |
| Shares Out. | 55.5M | 49.8M | 49.5M | 55.5M | 55.8M | 53.7M | 50.8M | 49.9M | 49.9M | 49.2M | 45.9M | 42.4M | 42.4M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | 17.6 | 9.0 | 6.3 | 8.1 | 8.3 | 9.6 | 5.9 | 6.5 | 7.5 | 9.1 | 11.1 |
| P/FCF | N/A | N/A | 6.1 | 6.2 | 4.4 | 5.8 | 6.5 | 6.2 | 5.7 | 5.4 | 6.1 | 7.6 | 9.3 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.4 |
| Price/Book | N/A | N/A | 1.4 | 1.7 | 1.4 | 1.5 | 1.2 | 1.6 | 1.5 | 1.5 | 1.6 | 1.9 | 2.3 |
| Price/Sales | N/A | N/A | 3.4 | 4.3 | 5.0 | 3.7 | 3.1 | 4.7 | 4.0 | 3.4 | 4.2 | 4.8 | 4.6 |
| FCF Yield | N/A | N/A | 16.4% | 16.1% | 22.7% | 17.4% | 15.3% | 16.1% | 17.4% | 18.7% | 16.3% | 13.2% | 10.8% |
| Market Cap | 0 | N/A | 1.0B | 1.4B | 1.2B | 1.4B | 1.2B | 1.6B | 1.3B | 1.5B | 1.6B | 2.1B | 2.6B |
| Avg. Price | 0.00 | N/A | 17.90 | 22.89 | 31.36 | 24.13 | 19.76 | 28.57 | 28.35 | 25.42 | 32.41 | 41.57 | 60.99 |
| Year-End Price | 0.00 | N/A | 20.77 | 24.94 | 22.01 | 26.67 | 24.17 | 31.34 | 25.26 | 29.68 | 35.29 | 50.05 | 60.99 |
Bank of N.T. Butterfield & Son Ltd passes 6 of 9 quality checks, suggesting mixed fundamentals.
Bank of N.T. Butterfield & Son Ltd trades at 11.1x trailing earnings, compared to its 15-year median P/E of 8.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 9.3x vs a median of 6.1x. The company's 5-year average ROIC is 19.0% with a gross margin of 74.6%. Total shareholder yield (dividends + buybacks) is 8.7%. At current prices, the estimated annualized return to fair value is +5.6%.
Bank of N.T. Butterfield & Son Ltd (NTB) reported annual revenue of $561 million in its most recent fiscal year, based on SEC EDGAR filings.
Bank of N.T. Butterfield & Son Ltd (NTB) has a net profit margin of 41.3%. This is a strong margin indicating high profitability.
Bank of N.T. Butterfield & Son Ltd (NTB) generated $280 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Bank of N.T. Butterfield & Son Ltd (NTB) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
Bank of N.T. Butterfield & Son Ltd (NTB) reported earnings per share (EPS) of $5.47 in its most recent fiscal year.
Bank of N.T. Butterfield & Son Ltd (NTB) has a return on equity (ROE) of 21.4%. This indicates the company generates strong returns for shareholders.
Bank of N.T. Butterfield & Son Ltd (NTB) has a 5-year average gross margin of 74.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 12 years of financial data for Bank of N.T. Butterfield & Son Ltd (NTB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Bank of N.T. Butterfield & Son Ltd (NTB) has a book value per share of $26.93, based on its most recent annual SEC filing.
No recent press releases.