NTB
Bank of N.T. Butterfield & Son Ltd
NYSE: NTB · FINANCIAL SERVICES · BANKS - DIVERSIFIED
$54.61
-2.66% today
Updated 2026-04-29
Market cap
$2.16B
P/E ratio
9.46
P/S ratio
3.53x
EPS (TTM)
$5.77
Dividend yield
3.66%
52W range
$39 – $58
Volume
0.2M
Bank of N.T. Butterfield & Son Ltd (NTB) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $675.83M | $821.62M | $604.02M | $237.84M | $127.64M | $347.89M | $331.92M | $341.70M | $389.88M | $374.11M | $407.00M | $448.80M | $510.80M | $532.13M | $502.07M | $521.55M | $606.42M | $761.89M | $816.50M | $799.84M |
| Revenue growth (YoY) | — | +21.6% | -26.5% | -60.6% | -46.3% | +172.6% | -4.6% | +2.9% | +14.1% | -4.0% | +8.8% | +10.3% | +13.8% | +4.2% | -5.6% | +3.9% | +16.3% | +25.6% | +7.2% | -2.0% |
| Cost of revenue | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $451000.00 | $338000.00 | $401000.00 | $8000.00 | $-202000.00 | — | — | $21.96M | $57.20M | $183.12M | $236.18M | $193.25M |
| Gross profit | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $331.92M | $341.70M | $389.43M | $373.77M | $406.60M | $448.79M | $510.80M | $532.13M | $502.07M | $499.59M | $549.23M | $578.77M | $580.32M | $606.70M |
| Gross margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100.0% | 100.0% | 99.9% | 99.9% | 99.9% | 100.0% | 100.0% | 100.0% | 100.0% | 95.8% | 90.6% | 76.0% | 71.1% | 75.9% |
| R&D | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $73.12M | $69.23M | $186.88M | $191.99M | $197.41M | $207.23M | $220.06M | $187.06M | $177.36M | $165.22M | $170.39M | $181.64M | $177.22M | $185.53M |
| Operating income | $450.68M | $563.51M | $325.89M | $0.00 | $0.00 | $85.66M | $62.07M | $82.41M | $134.60M | $102.33M | $115900.00 | $153300.00 | $221.07M | $175.70M | $149.60M | $165.79M | $217.70M | $226.26M | $220.85M | $238.00M |
| Operating margin | 66.7% | 68.6% | 54.0% | 0.0% | 0.0% | 24.6% | 18.7% | 24.1% | 34.5% | 27.4% | 0.0% | 0.0% | 43.3% | 33.0% | 29.8% | 31.8% | 35.9% | 29.7% | 27.0% | 29.8% |
| EBITDA | — | — | — | — | — | — | $-57.18M | $-23.10M | $143.29M | $133.94M | $185.38M | $194.21M | $242.94M | $224.09M | $212.03M | $235.25M | $257.88M | $262.47M | $263.00M | $266.79M |
| EBITDA margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -17.2% | -6.8% | 36.8% | 35.8% | 45.5% | 43.3% | 47.6% | 42.1% | 42.2% | 45.1% | 42.5% | 34.5% | 32.2% | 33.4% |
| EBIT | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.88M | $59.30M | $98.17M | $83.88M | $133.12M | $170.22M | $196.47M | $175.70M | $149.59M | $165.79M | $217.70M | $226.26M | $220.85M | $237.97M |
| Interest expense | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $26.61M | $23.32M | $16.45M | $15.88M | $24.60M | $59.38M | $34.41M | $25.09M | $54.80M | $178.67M | $234.51M | $193.03M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $134.08M | $146.00M | $4.84M | $0.00 | $0.00 | $19.20M | $-1.01M | $58.41M | $108.16M | $77.74M | $115.90M | $153.30M | $195.20M | $177.07M | $147.22M | $162.67M | $214.02M | $225.49M | $216.32M | $231.90M |
| Net income growth (YoY) | — | +8.9% | -96.7% | -100.0% | — | — | -105.2% | +5906.6% | +85.2% | -28.1% | +49.1% | +32.3% | +27.3% | -9.3% | -16.9% | +10.5% | +31.6% | +5.4% | -4.1% | +7.2% |
| Profit margin | 19.8% | 17.8% | 0.8% | 0.0% | 0.0% | 5.5% | -0.3% | 17.1% | 27.7% | 20.8% | 28.5% | 34.2% | 38.2% | 33.3% | 29.3% | 31.2% | 35.3% | 29.6% | 26.5% | 29.0% |