Bank of N.T. Butterfield & Son Limited (The) (NTB) vs Banco Santander, S.A. (SAN)

Bank of N.T. Butterfield & Son Limited (The) and Banco Santander, S.A. are both Banks Diversified companies. Banco Santander, S.A. is the larger, with a market value of $195.8B against $2.3B — 85.5× the size. Bank of N.T. Butterfield & Son Limited (The) trades at the lower P/E: 10.0× against 10.7×. Banco Santander, S.A. grew revenue faster over the last twelve months: 76.4% against −1.50%. Bank of N.T. Butterfield & Son Limited (The) has the higher net margin (29.3% vs 14.0%) and the lower return on invested capital (0.00% vs 13.5%). Both pay a dividend; Bank of N.T. Butterfield & Son Limited (The) yields more (3.41% vs 3.17%). Across the 18 metrics below, Bank of N.T. Butterfield & Son Limited (The) leads on 12 and Banco Santander, S.A. on 6.

Valuation

Metric NTB SAN Banks Diversified median
P/E 10.04 10.73 11.97
P/S 2.89 1.38 2.60
P/B 2.01 1.39 1.59
Price to free cash flow 11.02 n/m 4.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.96% 9.32% 8.36%
Free cash flow yield 9.07% (23.70%) 7.80%

Profitability

Metric NTB SAN Banks Diversified median
Gross margin 78.57% 50.17% 67.14%
Operating margin 0.00% 0.00% 0.00%
Net margin 29.34% 14.00% 18.44%
Free cash flow margin 26.32% (32.77%) 0.00%
Return on equity 21.14% 14.66% 10.89%
Return on assets 1.64% 0.87% 0.76%
Return on invested capital 0.00% 13.45% 0.00%

Growth

Metric NTB SAN Banks Diversified median
Revenue growth (TTM) (1.50%) 76.39% 5.49%
EPS growth (last fiscal year) 16.14% 972.92% 18.19%
Revenue growth, 5-year CAGR 8.27% 15.04% 14.34%
Net income growth, 5-year CAGR 9.52% 0.00% 10.77%

Health

Metric NTB SAN Banks Diversified median
Debt to equity 0.00 3.89 1.43
Current ratio 0.64 0.24 0.87
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric NTB SAN Banks Diversified median
Dividend yield 3.41% 3.17% 2.29%
Payout ratio 0.35 0.34 0.27

Size

Metric NTB SAN Banks Diversified median
Market cap 2.29b 195.78b 201.23b

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