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Stocks · Financials · Commercial Banks, NEC

Bank of N.T. Butterfield & Son Ltd

NTB Clue Score67
Bermuda Fiscal year ends December CIK 0001653242
$57.50 -0.61% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $57.50 +55.91% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue0.40Net income0.12EPS, diluted1.18Fiscal year 2017Revenue0.45 +12.9%Net income0.15 +32.2%EPS, diluted2.76 +133.9%Fiscal year 2018Revenue0.52 +13.9%Net income0.20 +27.4%EPS, diluted3.50 +26.8%Fiscal year 2019Revenue0.53 +2.9%Net income0.18 −9.3%EPS, diluted3.30 −5.7%Fiscal year 2020Revenue0.49 −7.2%Net income0.15 −16.9%EPS, diluted2.90 −12.1%Fiscal year 2021Revenue0.50 +1.1%Net income0.16 +10.5%EPS, diluted3.26 +12.4%Fiscal year 2022Revenue0.55 +9.9%Net income0.21 +31.6%EPS, diluted4.29 +31.6%Fiscal year 2023Revenue0.58 +5.3%Net income0.23 +5.4%EPS, diluted4.58 +6.8%Fiscal year 2024Revenue0.58 +0.2%Net income0.22 −4.1%EPS, diluted4.71 +2.8%Fiscal year 2025Revenue0.61 +4.6%Net income0.23 +7.2%EPS, diluted5.47 +16.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.40 0.45 0.52 0.53 0.49 0.50 0.55 0.58 0.58 0.61
Growth +12.9% +13.9% +2.9% −7.2% +1.1% +9.9% +5.3% +0.2% +4.6%
Net income 0.12 0.15 0.20 0.18 0.15 0.16 0.21 0.23 0.22 0.23
Growth +32.2% +27.4% −9.3% −16.9% +10.5% +31.6% +5.4% −4.1% +7.2%
EPS, diluted 1.18 2.76 3.50 3.30 2.90 3.26 4.29 4.58 4.71 5.47
Growth +133.9% +26.8% −5.7% −12.1% +12.4% +31.6% +6.8% +2.8% +16.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin28.8%Free cash flow margin41.9%Fiscal year 2017Net margin33.7%Free cash flow margin49.0%Fiscal year 2018Net margin37.7%Free cash flow margin53.7%Fiscal year 2019Net margin33.2%Fiscal year 2020Net margin29.8%Fiscal year 2021Net margin32.6%Fiscal year 2022Net margin39.0%Fiscal year 2023Net margin39.0%Fiscal year 2024Net margin37.3%Fiscal year 2025Net margin38.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 28.8% 33.7% 37.7% 33.2% 29.8% 32.6% 39.0% 39.0% 37.3% 38.2%
Free cash flow margin 41.9% 49.0% 53.7% n/a n/a n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.18Capital expenditure−0.01Free cash flow0.17Buybacks−0.00Dividends paid−0.02Fiscal year 2017Operating cash flow0.24Capital expenditure−0.02Free cash flow0.22 +32.0%Buybacks0.00Dividends paid−0.07Fiscal year 2018Operating cash flow0.30Capital expenditure−0.02Free cash flow0.28 +24.8%Buybacks−0.05Dividends paid−0.08Fiscal year 2019Operating cash flow0.25Buybacks−0.08Dividends paid−0.09Fiscal year 2020Operating cash flow0.19Buybacks−0.09Dividends paid−0.09Fiscal year 2021Operating cash flow0.25Buybacks−0.02Dividends paid−0.09Fiscal year 2022Operating cash flow0.22Buybacks−0.00Dividends paid−0.09Fiscal year 2023Operating cash flow0.30Buybacks−0.09Dividends paid−0.09Fiscal year 2024Operating cash flow0.27Buybacks−0.16Dividends paid−0.08Fiscal year 2025Operating cash flow0.28Buybacks−0.15Dividends paid−0.08
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.18 0.24 0.30 0.25 0.19 0.25 0.22 0.30 0.27 0.28
Capital expenditure −0.01 −0.02 −0.02 n/a n/a n/a n/a n/a n/a n/a
Free cash flow 0.17 0.22 0.28 n/a n/a n/a n/a n/a n/a n/a
Growth +32.0% +24.8%
Buybacks −0.00 0.00 −0.05 −0.08 −0.09 −0.02 −0.00 −0.09 −0.16 −0.15
Dividends paid −0.02 −0.07 −0.08 −0.09 −0.09 −0.09 −0.09 −0.09 −0.08 −0.08

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash2.10Total debt0.12Net cash (debt)1.98Shareholders’ equity0.71Debt to equity0.16Fiscal year 2017Cash1.54Total debt0.12Net cash (debt)1.42Shareholders’ equity0.82Debt to equity0.14Fiscal year 2018Cash2.05Total debt0.14Net cash (debt)1.91Shareholders’ equity0.88Debt to equity0.16Fiscal year 2019Cash2.55Total debt0.14Net cash (debt)2.41Shareholders’ equity0.96Debt to equity0.15Fiscal year 2020Cash3.29Total debt0.17Net cash (debt)3.12Shareholders’ equity0.98Debt to equity0.17Fiscal year 2021Cash2.18Total debt0.17Net cash (debt)2.01Shareholders’ equity0.98Debt to equity0.18Fiscal year 2022Cash2.10Total debt0.17Net cash (debt)1.93Shareholders’ equity0.86Debt to equity0.20Fiscal year 2023Cash1.65Total debt0.10Net cash (debt)1.55Shareholders’ equity1.00Debt to equity0.10Fiscal year 2024Cash2.00Total debt0.10Net cash (debt)1.90Shareholders’ equity1.02Debt to equity0.10Fiscal year 2025Cash1.71Total debt0.00Net cash (debt)1.71Shareholders’ equity1.14Debt to equity0.00
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.10 1.54 2.05 2.55 3.29 2.18 2.10 1.65 2.00 1.71
Total debt 0.12 0.12 0.14 0.14 0.17 0.17 0.17 0.10 0.10 0.00
Net cash (debt) 1.98 1.42 1.91 2.41 3.12 2.01 1.93 1.55 1.90 1.71
Shareholders’ equity 0.71 0.82 0.88 0.96 0.98 0.98 0.86 1.00 1.02 1.14
Debt to equity 0.16 0.14 0.16 0.15 0.17 0.18 0.20 0.10 0.10 0.00

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
29.0% 33.9% 37.9% 33.0% 30.3% 33.2% 39.6% 39.1% 38.1% 39.2%
28.8% 33.7% 37.7% 33.2% 29.8% 32.6% 39.0% 39.0% 37.3% 38.2%
41.9% 49.0% 53.7% n/a n/a n/a n/a n/a n/a n/a
Spending
2.4% 4.2% 3.6% n/a n/a n/a n/a n/a n/a n/a
0.6% 0.7% 0.7% −0.8% 1.6% 1.9% 1.7% 0.3% 2.1% 2.5%
Returns
16.3% 18.6% 22.1% 18.4% 15.0% 16.6% 24.7% 22.5% 21.2% 20.3%
1.0% 1.4% 1.8% 1.3% 1.0% 1.1% 1.5% 1.7% 1.5% 1.6%
Balance and payout
0.16 0.14 0.16 0.15 0.17 0.18 0.20 0.10 0.10 0.00
93.6% 92.4% 91.8% 93.1% 93.3% 93.6% 94.0% 92.5% 92.8% 91.9%
16.7% 45.5% 42.9% 52.9% 60.4% 53.7% 40.8% 38.2% 36.8% 33.5%
12.4% 31.3% 47.5% n/a n/a n/a n/a n/a n/a n/a