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BANK OF N.T. BUTTERFIELD&SON (NTB) Stock Fundamental Analysis

NYSE:NTB - New York Stock Exchange, Inc. - BMG0772R2087 - Common Stock - Currency: USD

42.69  -0.22 (-0.51%)

After market: 42.69 0 (0%)

Fundamental Rating

5

Overall NTB gets a fundamental rating of 5 out of 10. We evaluated NTB against 504 industry peers in the Banks industry. Both the profitability and the financial health of NTB get a neutral evaluation. Nothing too spectacular is happening here. NTB has a correct valuation and a medium growth rate. NTB also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

In the past year NTB was profitable.
In the past year NTB had a positive cash flow from operations.
In the past 5 years NTB has always been profitable.
In the past 5 years NTB always reported a positive cash flow from operatings.
NTB Yearly Net Income VS EBIT VS OCF VS FCFNTB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

1.2 Ratios

Looking at the Return On Assets, with a value of 1.55%, NTB belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
NTB has a Return On Equity of 20.48%. This is amongst the best in the industry. NTB outperforms 98.23% of its industry peers.
Industry RankSector Rank
ROA 1.55%
ROE 20.48%
ROIC N/A
ROA(3y)1.57%
ROA(5y)1.35%
ROE(3y)22.8%
ROE(5y)20.01%
ROIC(3y)N/A
ROIC(5y)N/A
NTB Yearly ROA, ROE, ROICNTB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

The Profit Margin of NTB (36.91%) is better than 93.69% of its industry peers.
NTB's Profit Margin has improved in the last couple of years.
NTB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 36.91%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.31%
PM growth 5Y2.26%
GM growth 3YN/A
GM growth 5YN/A
NTB Yearly Profit, Operating, Gross MarginsNTB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

4

2. Health

2.1 Basic Checks

NTB does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for NTB has been reduced compared to 1 year ago.
The number of shares outstanding for NTB has been reduced compared to 5 years ago.
NTB has a worse debt/assets ratio than last year.
NTB Yearly Shares OutstandingNTB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
NTB Yearly Total Debt VS Total AssetsNTB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

NTB has a debt to FCF ratio of 0.36. This is a very positive value and a sign of high solvency as it would only need 0.36 years to pay back of all of its debts.
NTB has a better Debt to FCF ratio (0.36) than 84.60% of its industry peers.
NTB has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
NTB has a Debt to Equity ratio of 0.09. This is in the better half of the industry: NTB outperforms 73.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF 0.36
Altman-Z N/A
ROIC/WACCN/A
WACC18.72%
NTB Yearly LT Debt VS Equity VS FCFNTB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
NTB Yearly Current Assets VS Current LiabilitesNTB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 8.31% over the past year.
Measured over the past 5 years, NTB shows a small growth in Earnings Per Share. The EPS has been growing by 7.49% on average per year.
Looking at the last year, NTB shows a small growth in Revenue. The Revenue has grown by 1.58% in the last year.
The Revenue has been growing slightly by 1.78% on average over the past years.
EPS 1Y (TTM)8.31%
EPS 3Y13.25%
EPS 5Y7.49%
EPS Q2Q%8.85%
Revenue 1Y (TTM)1.58%
Revenue growth 3Y5.41%
Revenue growth 5Y1.78%
Sales Q2Q%3.78%

3.2 Future

Based on estimates for the next years, NTB will show a small growth in Earnings Per Share. The EPS will grow by 7.50% on average per year.
The Revenue is expected to grow by 1.76% on average over the next years.
EPS Next Y8.7%
EPS Next 2Y6.12%
EPS Next 3Y7.5%
EPS Next 5YN/A
Revenue Next Year3.45%
Revenue Next 2Y1.88%
Revenue Next 3Y1.76%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
NTB Yearly Revenue VS EstimatesNTB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
NTB Yearly EPS VS EstimatesNTB Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4 5

6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 8.86, which indicates a very decent valuation of NTB.
Based on the Price/Earnings ratio, NTB is valued cheaper than 86.36% of the companies in the same industry.
When comparing the Price/Earnings ratio of NTB to the average of the S&P500 Index (26.31), we can say NTB is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 8.03, the valuation of NTB can be described as reasonable.
NTB's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NTB is cheaper than 73.99% of the companies in the same industry.
NTB is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8.86
Fwd PE 8.03
NTB Price Earnings VS Forward Price EarningsNTB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, NTB is valued cheaper than 84.60% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.8
EV/EBITDA N/A
NTB Per share dataNTB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

NTB's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.02
PEG (5Y)1.18
EPS Next 2Y6.12%
EPS Next 3Y7.5%

8

5. Dividend

5.1 Amount

NTB has a Yearly Dividend Yield of 4.16%, which is a nice return.
NTB's Dividend Yield is a higher than the industry average which is at 2.38.
NTB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 4.16%

5.2 History

The dividend of NTB has a limited annual growth rate of 0.17%.
NTB has been paying a dividend for at least 10 years, so it has a reliable track record.
NTB has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)0.17%
Div Incr Years0
Div Non Decr Years8
NTB Yearly Dividends per shareNTB Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

35.93% of the earnings are spent on dividend by NTB. This is a low number and sustainable payout ratio.
The dividend of NTB is growing, but earnings are growing more, so the dividend growth is sustainable.
DP35.93%
EPS Next 2Y6.12%
EPS Next 3Y7.5%
NTB Yearly Income VS Free CF VS DividendNTB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
NTB Dividend Payout.NTB Dividend Payout, showing the Payout Ratio.NTB Dividend Payout.PayoutRetained Earnings

BANK OF N.T. BUTTERFIELD&SON

NYSE:NTB (6/5/2025, 8:04:00 PM)

After market: 42.69 0 (0%)

42.69

-0.22 (-0.51%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-23 2025-04-23/amc
Earnings (Next)07-21 2025-07-21/amc
Inst Owners69.15%
Inst Owner Change3.33%
Ins Owners1.18%
Ins Owner ChangeN/A
Market Cap1.86B
Analysts77.5
Price Target46.92 (9.91%)
Short Float %0.61%
Short Ratio1.47
Dividend
Industry RankSector Rank
Dividend Yield 4.16%
Yearly Dividend1.75
Dividend Growth(5Y)0.17%
DP35.93%
Div Incr Years0
Div Non Decr Years8
Ex-Date05-07 2025-05-07 (0.44)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.17%
Min EPS beat(2)10.94%
Max EPS beat(2)13.4%
EPS beat(4)4
Avg EPS beat(4)7.01%
Min EPS beat(4)0.75%
Max EPS beat(4)13.4%
EPS beat(8)6
Avg EPS beat(8)4.08%
EPS beat(12)10
Avg EPS beat(12)4.61%
EPS beat(16)12
Avg EPS beat(16)3.97%
Revenue beat(2)2
Avg Revenue beat(2)4.75%
Min Revenue beat(2)4.21%
Max Revenue beat(2)5.3%
Revenue beat(4)3
Avg Revenue beat(4)2.44%
Min Revenue beat(4)-0.83%
Max Revenue beat(4)5.3%
Revenue beat(8)5
Avg Revenue beat(8)1.1%
Revenue beat(12)8
Avg Revenue beat(12)1.09%
Revenue beat(16)11
Avg Revenue beat(16)0.88%
PT rev (1m)3.37%
PT rev (3m)3.37%
EPS NQ rev (1m)2.88%
EPS NQ rev (3m)14.26%
EPS NY rev (1m)10.56%
EPS NY rev (3m)11.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.06%
Revenue NY rev (1m)3.49%
Revenue NY rev (3m)3.54%
Valuation
Industry RankSector Rank
PE 8.86
Fwd PE 8.03
P/S 3.17
P/FCF 6.8
P/OCF 6.2
P/B 1.76
P/tB 1.92
EV/EBITDA N/A
EPS(TTM)4.82
EY11.29%
EPS(NY)5.32
Fwd EY12.45%
FCF(TTM)6.27
FCFY14.7%
OCF(TTM)6.89
OCFY16.14%
SpS13.48
BVpS24.3
TBVpS22.24
PEG (NY)1.02
PEG (5Y)1.18
Profitability
Industry RankSector Rank
ROA 1.55%
ROE 20.48%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 36.91%
GM N/A
FCFM 46.54%
ROA(3y)1.57%
ROA(5y)1.35%
ROE(3y)22.8%
ROE(5y)20.01%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.31%
PM growth 5Y2.26%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.09
Debt/FCF 0.36
Debt/EBITDA N/A
Cap/Depr 63.65%
Cap/Sales 4.57%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 126.08%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC18.72%
ROIC/WACCN/A
Cap/Depr(3y)89.29%
Cap/Depr(5y)64.69%
Cap/Sales(3y)5.96%
Cap/Sales(5y)5.03%
Profit Quality(3y)103.92%
Profit Quality(5y)114.09%
High Growth Momentum
Growth
EPS 1Y (TTM)8.31%
EPS 3Y13.25%
EPS 5Y7.49%
EPS Q2Q%8.85%
EPS Next Y8.7%
EPS Next 2Y6.12%
EPS Next 3Y7.5%
EPS Next 5YN/A
Revenue 1Y (TTM)1.58%
Revenue growth 3Y5.41%
Revenue growth 5Y1.78%
Sales Q2Q%3.78%
Revenue Next Year3.45%
Revenue Next 2Y1.88%
Revenue Next 3Y1.76%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y31.07%
FCF growth 3Y1.16%
FCF growth 5Y1.46%
OCF growth 1Y27.49%
OCF growth 3Y1.84%
OCF growth 5Y1.24%