Bank of N.T. Butterfield & Son stock
NTBNYSEThe Bank of N.T. Butterfield & Son Limited, Financial ServicesISIN BMG0772R2087
76Score 76 out of 100, Strong
Price and trend
53 / 100
Price history
+22% in one yearThe chart shows daily closes over 10 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 1.2% below it.
Since December 2023 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 32).
The price is 12% below its 52-week high. Largest decline in 10 years: 72% (August 2018 to March 2020).
Chart figures for advanced users
- SMA 50$58.37
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$56.93
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)32
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$44.75
- The lowest closing price of the last twelve months.
- Resistance$63.91
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- The Bank of N.T. Butterfield & Son Limited belongs to the Banks (Regional) industry (Bermuda) and, with a market value of $2.21B, is number 237 of 422 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $606.81M (up 4.3% year on year) and earnings of $231.9M (up 7.2%).
- MEQIRI Score 76 out of 100 (Strong): rank 199 of 976 in Financial Services, median 68.
Show more
- The P/E is 9.7 (Banks (Regional) median 12.2, own median of recent years 9.8).
- Our model puts fair value at $83.24, with the price 32% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High return on equityReturn on equity 20.6% over the last 12 months.Profitability 81
- Share buybacksShare count down 18% since 2020.Capital allocation 85
- Below fair valuePrice 32% below the fair value of $83.24.Valuation 97
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are valuation and fundamentals.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
The fundamentals are strong overall.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk low
How well MEQIRI warnsOne of the 30% with the lowest crash risk among smaller stocks.
From 2016 to 2025, 14 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What lowers it
- solid fundamentals
- calm price action
Valuation
Valuation signal
Significantly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $69.37 and expensive above $104.05 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $95.77 (excess return model) and $70.71 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $75.26, at 7.8% it would be $95.21.
Valuation metrics
Half from the excess return model, half from earnings times the industry P/E (12.2).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue fell 7.4% on the twelve months before. Revenue has grown solidly since 2012, at about 5% per year.
Margins
- Operating margin
- Net margin
In fiscal 2025: operating 39%, net 38%. Banks and insurers have no gross margin, and their net margin is not comparable with other industries. The score leaves both out.
Debt & balance sheet
latest quarterFor banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.
Earnings
- Next earnings
- 8 Feb 2027in 88 days
- Last reported
- 27 Oct 2026EPS reported $1.58 (expected $1.49)above expectations
Analyst estimates
- Earnings per share
- $5.80−2.3%
- Revenue
- $640.2M0.0%
- Earnings per share
- $5.43−16.1%
- Revenue
- $1.21B+0.5%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −4.7%Butterfield confirms NIM and net interest income as roughly flat near term with a modest positive bias ahead, costs still guided at $93 to $95 million per quarter until the CIBC Caribbean deal closes.
“We continue to expect quarterly core non interest expenses to be in the range of $93 million to $95 million until we close the CIBC Caribbean transaction.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 28 Oct 2026 (fiscal Q3 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
One insider bought on the open market in the last 6 months, $564,940 in total. 9 insiders sold, $23.07M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- McWatt MichaelSale
26 Aug 2026, Managing Director, Cayman
- Shares
- 9,000
- Price
- $58.41
- Value
- $525,729
- Collins Michael WSale
19 Aug 2026, Chief Executive Officer
- Shares
- 61,178
- Price
- $59.67
- Value
- $3.65M
- Collins Michael WSale
18 Aug 2026, Chief Executive Officer
- Shares
- 70,859
- Price
- $61.79
- Value
- $4.38M
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- Pearce JaneSale
18 Aug 2026, Managing Director, Trust
- Shares
- 16,368
- Price
- $61.78
- Value
- $1.01M
- Collins Michael WSale
17 Aug 2026, Chief Executive Officer
- Shares
- 75,000
- Price
- $62.98
- Value
- $4.72M
- Neff Michael WalterSale
14 Aug 2026, Chief Operating Officer
- Shares
- 5,500
- Price
- $63.66
- Value
- $350,126
- McWatt MichaelSale
5 Aug 2026, Managing Director, Cayman
- Shares
- 12,000
- Price
- $61.78
- Value
- $741,319
- Wright John RSale
4 Aug 2026, Board
- Shares
- 5,000
- Price
- $59.50
- Value
- $297,500
- Saunders RichardSale
31 Jul 2026, Managing Director, CIUK
- Shares
- 18,118
- Price
- $61.33
- Value
- $1.11M
- Hidalgo TaraSale
30 Jul 2026, Chief Risk Officer
- Shares
- 18,587
- Price
- $61.27
- Value
- $1.14M
- Burns Andrew RonaldSale
30 Jul 2026, Chief Risk Officer, Cayman
- Shares
- 18,566
- Price
- $61.27
- Value
- $1.14M
- Feldman Jody TerenceSale
29 Jul 2026, Managing Director, Bermuda
- Shares
- 7,500
- Price
- $59.94
- Value
- $449,535
- Collins Michael WSale
16 Jun 2026, Chief Executive Officer
- Shares
- 20,621
- Price
- $58.77
- Value
- $1.21M
- Collins Michael WSale
15 Jun 2026, Chief Executive Officer
- Shares
- 20,000
- Price
- $58.53
- Value
- $1.17M
- Collins Michael WSale
12 Jun 2026, Chief Executive Officer
- Shares
- 20,000
- Price
- $58.75
- Value
- $1.18M
- Lynch Mark TPurchase
29 May 2026, Board
- Shares
- 10,000
- Price
- $56.49
- Value
- $564,940
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Bank of N.T. Butterfield & Son
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
976 rated companies in Financial Services
- This company
- 76
- Sector median
- 68
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Banks (Regional)
The next larger and next smaller companies by market value
- Banco di Desio e della BrianzaBDB.MI $2.42B70
- Graubündner KantonalbankGRKP.SW $2.32B62
- Northwest BancsharesNWBI $2.23B68
- Enterprise Financial ServicesEFSC $2.23B69
- Banco BBVA ArgentinaBBAR $2.18B55
- WaFdWAFD $2.17B61
- OFG BancorpOFG $2.14B81
- 1st SourceSRCE $2.11B78
ETFs that hold Bank of N.T. Butterfield & Son
Held by 7 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Avantis Global Small Cap Value UCITS ETFAVWS | 0.18% | 0.39% | €1.47B |
| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.08% | 0.30% | €4.22B |
| L&G Russell 2000 US Small Cap Quality UCITS ETFETLZ | 0.08% | 0.30% | €185.82M |
Show 4 more
| Xtrackers Russell 2000 UCITS ETF 1CXRS2 | 0.07% | 0.30% | €2.17B |
| Invesco Global Buyback Achievers UCITS ETFBBCK | 0.04% | 0.39% | €188.08M |
| Vanguard ESG Global All Cap UCITS ETF (USD) AccumulatingV3AA | 0.00% | 0.24% | €1.69B |
| Vanguard FTSE Global All-Cap UCITS ETF Accum USDVGLA | 0.00% | 0.07% | €3.9B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 31 Mar 2024)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.