Bank of N.T. Butterfield & Son Ltd

Financial Services US NTB

50.75USD
0.27(0.53%)

Last update at 2026-03-12T20:00:00Z

Day Range

49.6950.81
LowHigh

52 Week Range

21.8136.00
LowHigh

Fundamentals

  • Previous Close 50.48
  • Market Cap1566.63M
  • Volume195337
  • P/E Ratio6.90
  • Dividend Yield5.40%
  • Revenue TTM582.19M
  • Revenue Per Share TTM11.79
  • Gross Profit TTM 549.30M
  • Diluted EPS TTM4.72

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 217.70M 165.80M 149.60M 175.70M 196.50M
Minority interest - - - - -
Net income 214.00M 162.70M 147.20M 177.10M 195.20M
Selling general administrative 174.79M 233.46M 238.82M 246.29M 220.06M
Selling and marketing expenses 6.36M 4.56M 4.44M 8.05M 6.12M
Gross profit 551.70M 496.50M 502.70M 532.50M 511.00M
Reconciled depreciation 40.18M 69.46M 62.44M 48.39M 46.48M
Ebit 177.52M 165.80M 149.60M 175.70M 221.07M
Ebitda 217.70M 235.26M 212.03M 224.09M 267.54M
Depreciation and amortization 40.18M 69.46M 62.44M 48.39M 46.48M
Non operating income net other - - - - -
Operating income 177.52M 165.80M 149.60M 175.70M 221.07M
Other operating expenses -374.17700M 236.62M 244.46M 257.14M 224.87M
Interest expense 54.80M 25.09M 34.41M 59.38M 24.60M
Tax provision 3.70M 3.10M 2.40M -1.37100M 1.28M
Interest income 343.60M 299.80M 317.60M 405.08M 367.59M
Net interest income 343.60M 299.80M 317.60M 345.70M 342.99M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 3.70M 3.10M 2.40M -1.40000M 1.30M
Total revenue 551.70M 496.50M 502.70M 532.50M 510.80M
Total operating expenses -374.17700M 236.62M 244.46M 257.14M 224.87M
Cost of revenue - - - - -0.20200M
Total other income expense net 40.18M -25.09100M -34.41000M -59.37600M -24.59900M
Discontinued operations - - - - -
Net income from continuing ops 214.00M 162.70M 147.20M 177.07M 195.18M
Net income applicable to common shares 214.02M 162.67M 147.22M 177.07M 195.18M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 14306.00M 15335.00M 14739.00M 13922.00M 10773.00M
Intangible assets 51.48M 60.75M 67.19M 71.67M 50.75M
Earning assets - 7532.32M 5882.88M 5827.55M 4346.60M
Other current assets 32.36M 664.82M 1877.75M 1985.20M 1908.18M
Total liab 13441.00M 14358.00M 13757.00M 12958.00M 9891.00M
Total stockholder equity 865.00M 977.00M 982.00M 964.00M 882.00M
Deferred long term liab - - - - -
Other current liab -278.00000M -316.00000M -335.00000M -8.36300M -5.07200M
Common stock 865.00M 977.00M 982.00M 964.00M 882.00M
Capital stock 865.00M 0.50M 0.50M 0.53M 0.55M
Retained earnings 229.73M 104.33M 33.92M -9.23700M -92.67600M
Other liab 92.02M 126.23M 136.78M 115.85M 278.96M
Good will 22.89M 25.36M 25.63M 24.84M 23.99M
Other assets 4273.00M 4137.00M 4534.00M 4221.44M -0.17800M
Cash 2101.00M 2180.00M 3290.00M 2550.00M 2054.00M
Cash and equivalents - - - - -
Total current liabilities 278.00M 316.00M 335.00M 8.36M 5.07M
Current deferred revenue - - - 12407.87M 9418.42M
Net debt -1929.00000M -2008.00000M -3119.00000M -2406.00000M -1911.00000M
Short term debt - - - -12399.50300M -9413.34700M
Short long term debt - - - - -
Short long term debt total 172.00M 172.00M 171.00M 144.00M 143.00M
Other stockholder equity 147.72M 20.59M 15.76M 96.33M 241.20M
Property plant equipment 179.78M 171.38M 192.01M 198.07M 152.15M
Total current assets 3202.00M 3537.00M 4275.00M 3791.56M 6218.02M
Long term investments 6611.00M 7436.00M 5686.00M 5669.28M 4322.36M
Net tangible assets 776.64M 884.56M 884.14M 859.13M 801.69M
Short term investments 884.00M 1199.00M 823.00M 1218.00M 52.00M
Net receivables 217.00M 158.00M 162.00M 23.56M 20.87M
Long term debt 172.00M 172.00M 171.00M 143.50M 143.32M
Inventory 0.80M -13.72100M 4.05M 3.84M 5.35M
Accounts payable 278.00M 316.00M 335.00M 8.36M 5.07M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -377.45200M -124.91700M -49.68000M -87.09700M -148.52700M
Additional paid in capital - - - - -
Common stock total equity - - 0.50M 0.53M 0.55M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - -20.05800M -16.11600M -22.02200M -48.44300M
Accumulated amortization - - - - -
Non currrent assets other -6831.00000M -7661.00000M -5930.00000M -5909.00000M 15.16M
Deferred long term asset charges - - - - -
Non current assets total 6831.00M 7661.00M 5930.00M 5909.00M 4555.16M
Capital lease obligations - - - - -
Long term debt total 172.29M 171.88M 171.46M 143.50M 143.32M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 292.02M -1795.36100M -41.70900M 1092.51M 338.55M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities 292.02M -1905.66200M -41.70900M 1093.43M 338.22M
Net borrowings - - 27.65M 27.65M 26.22M
Total cash from financing activities -506.80600M 535.78M 546.45M -919.43100M -125.15400M
Change to operating activities -0.06500M -13.80000M -37.62800M 26.67M 54.41M
Net income 214.02M 162.67M 147.22M 177.07M 195.18M
Change in cash -86.95100M -1111.00100M 735.60M 508.78M 512.39M
Begin period cash flow 2203.50M 3314.50M 2578.90M 2070.12M 1557.73M
End period cash flow 2116.55M 2203.50M 3314.50M 2578.90M 2070.12M
Total cash from operating activities 219.27M 251.35M 188.15M 249.65M 296.35M
Issuance of capital stock - - - 0.00000M 0.00000M
Depreciation 40.18M 69.46M 62.44M 48.39M 46.48M
Other cashflows from investing activities 318.90M -1889.93800M -21.14300M 1115.29M 358.39M
Dividends paid -87.34300M -87.28500M -88.93200M -93.63600M 83.70M
Change to inventory - - - - -
Change to account receivables -54.02100M 13.29M -8.14300M -1.58200M 3.84M
Sale purchase of stock -3.89700M -19.75400M -86.64000M -81.53400M -48.44300M
Other cashflows from financing activities -415.56600M 642.82M 97.65M -744.26100M 73.22M
Change to netincome 19.16M 19.73M 24.27M 15.17M 4.58M
Capital expenditures 26.88M 15.72M 20.57M 22.78M 19.84M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -54.08600M -0.50500M -45.77100M 8.09M 50.43M
Stock based compensation 17.08M 15.15M 15.24M 17.72M 12.58M
Other non cash items 2.08M 0.05M 0.10M 0.00500M 0.32M
Free cash flow 192.40M 235.62M 167.58M 226.87M 276.51M

Peer Comparison

Sector: Financial Services Industry: Banks - Diversified

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
NTB
Bank of N.T. Butterfield & Son Ltd
0.27 0.53% 50.75 6.90 - 2.68 1.68
JPM
JPMorgan Chase & Co
-4.63 1.61% 282.89 9.99 10.83 3.38 1.66
BAC
Bank of America Corp
-1.39 2.86% 47.13 16.63 12.74 3.72 1.32 7.30
IDCBF
Industrial and Commercial Bank of China
- -% 0.81 3.36 3.16 0.30 0.34
IDCBY
Industrial and Commercial Bank of China
0.17 1.08% 15.98 3.41 3.16 0.31 0.34

Reports Covered

Stock Research & News

Profile

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 company's lending portfolio includes residential mortgage lending, automobile lending, 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, wealth management, and fiduciary services. Further, it offers debit cards; automated teller machines; and personal and business deposit, merchant acquiring, and mobile and internet banking services. The company operates through offices in the Cayman Islands, Guernsey, Jersey, the United Kingdom, The Bahamas, Switzerland, Singapore, Mauritius, and Canada. It also operates through multiple branches in Bermuda and the Cayman Islands. The company was founded in 1858 and is headquartered in Hamilton, Bermuda.

Bank of N.T. Butterfield & Son Ltd

65 Front Street, Hamilton, Bermuda, HM 12

Key Executives

Name Title Year Born
Mr. Michael W. Collins Chairman & CEO 1963
Mr. Michael L. Schrum Pres, Group Chief Risk Officer & Exec. Director 1968
Mr. Craig Bridgewater Group Chief Financial Officer NA
Noah Fields VP of Investor Relations NA
Mr. Shaun Morris Group Chief Legal Officer & Gen. Counsel 1960
Ms. Bri Hidalgo Head of Compliance & Operational Risk 1980
Mr. Kevin Dallas Group Head of Marketing & Communications 1979
Mr. Andrew Burns Exec. VP & Group Head of HR 1978
Mr. Michael A. McWatt Managing Director of Butterfield Bank (Cayman) Limited 1965
Mr. Jim Parker Managing Director of Butterfield Trust (Switzerland) Limited NA

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