Saturday 17 October 2026
Export NTB’s income statement to Excel — free account
Bank of N.T. Butterfield & Son Limited (The)
NTB Financial Banks Diversified
Bank of N.T. Butterfield & Son Limited (The)’s revenue for fiscal 2025 (year ended December 2025) was $800.0 million, down 1.93% from fiscal 2024. In the quarter to June 2026, revenue grew 1.01%, EPS fell 7.03% and free cash flow fell 42.1%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.
58.65
0.37
+0.63%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | 7 | 6 | 6 | 6 | 7 | 5 | 8 | 6 | 7 |
P/E ratio |
22.05 | 13.02 | 8.86 | 11.12 | 10.71 | 11.62 | 6.99 | 6.95 | 7.60 | 8.86 |
P/S ratio |
3.62 | 4.26 | 3.21 | 3.33 | 2.93 | 3.61 | 2.47 | 2.06 | 2.02 | 2.57 |
P/FCF ratio |
8.83 | 8.84 | 6.07 | 8.67 | 9.39 | 7.86 | 7.70 | 5.71 | 6.74 | 8.09 |
P/Operating CF |
30.54 | 29.66 | 20.71 | (38.40) | 45.31 | 26.33 | 20.89 | 13.68 | 45.23 | 32.13 |
P/B ratio |
2.16 | 2.42 | 1.95 | 2.04 | 1.60 | 1.93 | 1.73 | 1.56 | 1.61 | 1.80 |
Price to Tangible BV |
2.37 | 2.62 | 2.13 | 2.27 | 1.77 | 2.12 | 1.89 | 1.73 | 1.77 | 1.95 |
EV/Sales |
(2.64) | 0.30 | (0.53) | (3.06) | (4.78) | (2.73) | (2.27) | (1.60) | (2.50) | (1.76) |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(6.30) | 0.58 | (0.95) | (7.29) | (13.67) | (5.68) | (6.28) | (4.03) | (7.67) | (5.02) |
EV/FCF |
(6.46) | 0.62 | (1.00) | (7.99) | (15.35) | (5.95) | (7.08) | (4.42) | (8.33) | (5.52) |
Quick Ratio |
0.28 | 0.21 | 0.23 | 0.31 | 0.32 | 0.25 | 0.23 | 0.24 | 0.29 | 0.28 |
Current Ratio |
0.63 | 0.61 | 0.66 | 0.71 | 0.72 | 0.63 | 0.62 | 0.63 | 0.65 | 0.63 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
1.05% | 1.09% | 1.33% | 1.03% | 1.16% | 1.12% | 1.20% | 0.74% | 0.69% | 0.00% |
Debt/Equity |
0.16 | 0.14 | 0.16 | 0.15 | 0.17 | 0.18 | 0.20 | 0.10 | 0.10 | 0.00 |
Asset Turnover |
0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.03 | 0.04 | 0.05 | 0.06 | 0.06 |
Operating CF/Net income |
3.05 | 1.58 | 1.52 | 1.40 | 1.28 | 1.55 | 1.02 | 1.33 | 1.23 | 1.21 |
Capex/Depreciation |
(0.08) | (0.33) | (0.30) | (0.45) | (0.33) | (0.16) | (0.62) | (1.48) | (0.50) | (0.67) |
| 7.99% | 19.99% | 22.89% | 19.18% | 15.13% | 16.60% | 23.23% | 24.14% | 21.37% | 21.45% | |
| 0.55% | 1.40% | 1.81% | 1.43% | 1.03% | 1.08% | 1.44% | 1.63% | 1.57% | 1.64% | |
ROIC |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Return on Tangible Assets |
(1.67%) | (4.26%) | (6.32%) | (5.09%) | (4.00%) | (3.22%) | (4.38%) | (5.11%) | (4.91%) | (5.09%) |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
61.16% | 58.12% | 53.82% | 55.26% | 59.23% | 56.44% | 48.91% | 41.68% | 39.02% | 40.86% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
3.40% | 1.80% | 2.34% | 2.99% | 2.83% | 2.90% | 2.82% | 2.75% | 2.57% | 2.78% |
Graham Net Nets |
(2.62) | (2.10) | (2.14) | (1.98) | (2.63) | (2.91) | (3.54) | (3.04) | (2.88) | (2.33) |
Graham Number |
21.71 | 31.01 | 35.76 | 36.85 | 35.68 | 38.17 | 41.17 | 46.18 | 49.50 | 59.12 |
Earnings Yield |
4.53% | 7.68% | 11.29% | 9.00% | 9.34% | 8.61% | 14.31% | 14.39% | 13.16% | 11.28% |
Free Cash Flow Yield |
11.32% | 11.31% | 16.47% | 11.53% | 10.65% | 12.72% | 12.98% | 17.52% | 14.84% | 12.36% |
Revenue per Share |
8.73 | 8.62 | 9.77 | 11.13 | 10.65 | 10.56 | 12.22 | 15.53 | 18.09 | 19.36 |
Operating CF per Share |
3.66 | 4.46 | 5.39 | 4.68 | 3.73 | 5.08 | 4.42 | 6.15 | 5.89 | 6.77 |
Capex per Share |
(0.09) | (0.30) | (0.25) | (0.41) | (0.41) | (0.23) | (0.50) | (1.10) | (0.46) | (0.60) |
Free Cash Flow per Share |
3.58 | 4.15 | 5.14 | 4.27 | 3.32 | 4.85 | 3.92 | 5.05 | 5.42 | 6.17 |
Cash per Share |
57.10 | 36.30 | 39.10 | 73.82 | 85.47 | 70.42 | 61.40 | 58.85 | 83.93 | 86.21 |
Shareholders Equity per Share |
14.62 | 15.16 | 16.06 | 18.13 | 19.44 | 19.74 | 17.44 | 20.56 | 22.64 | 27.64 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
14.62 | 15.16 | 16.06 | 18.13 | 19.44 | 19.74 | 17.44 | 20.56 | 22.64 | 27.64 |
Free Cash Flow |
173.92 | 225.59 | 282.40 | 227.05 | 167.58 | 240.06 | 194.30 | 246.66 | 244.49 | 254.81 |
Working Capital |
(3,666.00) | (3,766.34) | (3,244.33) | (3,636.15) | (3,831.36) | (5,187.18) | (5,035.14) | (4,565.43) | (4,559.63) | (4,714.05) |
Capital Expenditures |
(4.28) | (16.53) | (13.94) | (21.67) | (20.57) | (11.29) | (24.97) | (53.63) | (20.94) | (24.75) |
Net Current Asset Value |
(4,023.01) | (4,183.86) | (3,677.86) | (3,889.99) | (4,134.10) | (5,485.29) | (5,299.45) | (4,752.61) | (4,741.94) | (4,798.51) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.01 | 0.04 | 0.03 | 0.04 | 0.04 | 0.02 | 0.04 | 0.07 | 0.03 | 0.03 |
Price to Operating Income |
12.50 | 12.77 | 8.77 | 11.20 | 10.51 | 11.38 | 6.88 | 6.91 | 7.46 | 8.65 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.31 | 0.31 | 0.29 | 0.31 | 0.41 | 0.50 | 0.27 | 0.23 | 0.27 | 0.23 |
Cash ROIC |
4.83% | 7.75% | 8.90% | 4.51% | 3.06% | 5.18% | 4.76% | 6.21% | 4.99% | 5.42% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
222,644.67 | 219,125.41 | 140,252.37 | 76,482.00 | 140,548.65 | 201,770.77 | 86,529.76 | 24,487.32 | 19,837.87 | 24,011.00 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
9,607.90 | 9,785.05 | 9,494.35 | 10,946.94 | 12,845.86 | 13,560.15 | 13,430.65 | 12,488.90 | 12,366.31 | 12,721.99 |
Average Assets |
10,689.55 | 10,941.39 | 10,776.21 | 12,347.38 | 14,330.11 | 15,036.92 | 14,820.63 | 13,840.04 | 13,802.71 | 14,163.15 |
Average Common Equity |
730.55 | 766.81 | 852.61 | 923.04 | 972.85 | 979.72 | 921.15 | 934.21 | 1,012.20 | 1,081.33 |
Columns are period end dates