NTB on NYSE

Bank of N.T. Butterfield & Son Ltd

Bank of N.T. Butterfield & Son Ltd is a commercial banks company based in Hamilton, Bermuda.2 Its shares trade on NYSE under the symbol NTB.2

Price unavailable

Last updated Oct 21, 2026.

Overview

$606.8MRevenue, fiscal 20253
$231.9MNet income, fiscal 20253

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  • TickerNTB on NYSE2
  • IndustryCommercial Banks, NEC2
  • HeadquartersHamilton, Bermuda2
  • Incorporated inBermuda4
  • Business address65 Front Street, Hamilton, Hm124
  • Filer categoryLarge accelerated filer4
  • Legal formLocal Company Limited by Shares2
  • LEI549300V8RVM0EMTDPF282
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address65 FRONT STREET, HM 12 Hamilton, Bermuda2
  • Registered withRegistrar of Companies (Ministry of Economic Development), 21062

Certain monetary amounts, percentages and other figures included in this report have been subject to rounding adjustments. Accordingly, figures shown as totals in certain tables may not be the arithmetic aggregation of the figures that precede them, and figures expressed as percentages in the text may not total 100% or, as applicable, when aggregated may not be the arithmetic aggregation of the percentages that precede them.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

38.2%Net margin3
4.6%Revenue growth, 20253
20.3%Return on equity3
0.00×Debt to equity3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Bermuda brought in 43% of the revenue Bank of N.T. Butterfield & Son Ltd broke down this way in fiscal 2025.

  1. Bermuda$273.7M343%up 4% from 2024
  2. Cayman$197.4M331%up 4% from 2024
  3. Channel Islands And United Kingdom$114.6M318%up 6% from 2024
  4. Other Operating$46.6M37%up 9% from 2024
Business segments by year
Business segments202320242025
Bermuda$269.9M$262.0M$273.7M
Cayman$200.6M$189.5M$197.4M
Channel Islands And United Kingdom$91.6M$108.3M$114.6M
Other Operating$35.9M$42.6M$46.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs61¢$368.8M
  • Income tax1¢$6.0M
  • Profit38¢$231.9M

Out of $606.8M in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid28¢$77.7M
  • Share buybacks52¢$146.7M
  • Kept or used elsewhere20¢$55.2M

Out of $279.6M of cash from operations.3

Financial statements

Revenue6789103$606.8M in 2025+17% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $517.8M$517.8M20182019: $532.6M$532.6M2019+3%2020: $494.2M$494.2M2020−7%2021: $499.7M$499.7M2021+1%2022: $549.3M$549.3M2022+10%2023: $578.6M$578.6M2023+5%2024: $579.9M$579.9M2024+0%2025: $606.8M$606.8M2025+5%
Net income6789103$231.9M in 2025+19% since 2018
0$100.0M$200.0M$300.0M2018: $195.2M$195.2M20182019: $177.1M$177.1M2019−9%2020: $147.2M$147.2M2020−17%2021: $162.7M$162.7M2021+10%2022: $214.0M$214.0M2022+32%2023: $225.5M$225.5M2023+5%2024: $216.3M$216.3M2024−4%2025: $231.9M$231.9M2025+7%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Asset management$39.2M$36.3M$32.5M
Banking$67.4M$63.7M$58.8M
Foreign exchange revenue$52.5M$51.2M$46.1M
Trust$65.8M$61.3M$57.8M
Custody and other administration services$13.8M$13.8M$13.3M
Other non-interest income$4.1M$3.6M$3.8M
Total non-interest income$242.9M$230.0M$212.3M
Interest and fees on loans$277.4M$304.1M$317.4M
Available-for-sale$77.8M$48.9M$35.6M
Held-to-maturity$70.7M$75.6M$80.5M
Cash and cash equivalents, securities purchased under agreements to resell and short-term investments$131.2M$157.1M$112.1M
Total interest income$557.1M$585.7M$545.6M
Deposits$189.1M$227.0M$170.5M
Long-term debt$3.7M$5.5M$8.1M
Securities sold under agreements to repurchase$220.0K$2.0M$75.0K
Total interest expense$193.0M$234.5M$178.7M
Net interest income before provision for credit losses$364.1M$351.2M$367.0M
Provision for credit (losses) recoveries-$217.0K-$1.7M-$4.5M
Net interest income after provision for credit losses$363.9M$349.5M$362.5M
Net gains (losses) on equity securities$0$0$43.0K
Net realized gains (losses) on available-for-sale investments$0$0-$14.0K
Net gains (losses) on other real estate owned$0$50.0K-$40.0K
Net other gains (losses)$20.0K$327.0K$3.8M
Total other gains (losses)$20.0K$377.0K$3.8M
Total net revenue$606.8M$579.9M$578.6M
Salaries and other employee benefits$182.6M$174.0M$177.9M
Technology and communications$65.0M$66.1M$62.0M
Professional and outside services$21.9M$22.7M$21.1M
Property$34.1M$34.1M$31.4M
Indirect taxes$23.3M$22.7M$21.5M
Non-service employee benefits expense$5.5M$3.9M$5.6M
Marketing$6.8M$6.5M$6.5M
Amortization of intangible assets$8.0M$8.0M$5.7M
Other expenses$21.5M$21.1M$20.8M
Total non-interest expense$368.8M$359.1M$352.3M
Net income before income taxes$238.0M$220.8M$226.3M
Income tax benefit (expense)-$6.0M-$4.5M-$767.0K
Net income$231.9M$216.3M$225.5M
Basic earnings per share (in dollars per share)$5.61$4.80$4.62
Diluted earnings per share (in dollars per share)$5.47$4.71$4.58

Compare Bank of N.T. Butterfield & Son Ltd with another company

Corporate structure

Bank of N.T. Butterfield & Son Ltd sits at the top of its group. 11 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Bank of N.T. Butterfield & Son Ltd

  • Capital World Investors Filed SC 13G/A on Bank of N.T. Butterfield & Son Ltd, latest Feb 9, 2024 (2 filings since Feb 13, 2023)
  • DAVIS SELECTED ADVISERS Filed SC 13G/A on Bank of N.T. Butterfield & Son Ltd, latest Feb 9, 2024 (3 filings since Feb 11, 2022)
  • FMR LLC Filed SC 13G/A on Bank of N.T. Butterfield & Son Ltd, latest Feb 9, 2024 (3 filings since Mar 14, 2022)
  • BlackRock Filed SC 13G/A on Bank of N.T. Butterfield & Son Ltd, latest Feb 5, 2024 (5 filings since Feb 3, 2022)
  • Bank of N.T. Butterfield & Son Ltd Hamilton, Bermuda
    • BUTTERFIELD ASSET MANAGEMENT LIMITED Subsidiary · Hamilton, Bermuda
      • BUTTERFIELD MONEY MARKET FUND LIMITED Fund · Hamilton, Bermuda
    • BUTTERFIELD BANK (CAYMAN) LIMITED Subsidiary · George Town, Cayman Islands
    • BUTTERFIELD BANK (CHANNEL ISLANDS) LIMITED Subsidiary · St. Peter Port, Guernsey
      • BUTTERFIELD (JERSEY) NOMINEES LIMITED Subsidiary · St. Helier, Jersey
      • BUTTERFIELD CUSTODY SERVICES LTD. Subsidiary · St Peter Port, Guernsey
      • ROSE NOMINEES LIMITED Subsidiary · St Peter Port, Guernsey
    • BUTTERFIELD SECURITIES (BERMUDA) LIMITED Subsidiary · Hamilton, Bermuda
    • Butterfield Trust (Asia) Limited as Trustee of the Limoncello Trust Subsidiary · Singapore, Singapore
    • Butterfield Trust (Switzerland) Limited Subsidiary · Genève, Switzerland

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Bank of N.T. Butterfield & Son Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$332.3M3 Dec 31, 2025$342.5M3 Dec 31, 2024−3.0%
Accumulated depreciation$173.8M3 Dec 31, 2025$188.7M3 Dec 31, 2024−7.9%
Property and equipment, net$158.5M3 Dec 31, 2025$153.8M3 Dec 31, 2024+3.1%
Operating-lease assets (leased space)$38.1M3 Dec 31, 2025$35.3M3 Dec 31, 2024+7.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.7B3 Dec 31, 2025$2.0B3 Dec 31, 2024−14.5%
Loans, net of allowance$4.4B3 Dec 31, 2025$4.5B3 Dec 31, 2024−2.0%
Deposits held (banks)$12.7B3 Dec 31, 2025$12.7B3 Dec 31, 2024−0.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$25.4M3 Dec 31, 2025$23.6M3 Dec 31, 2024+7.5%

Leadership

Who has led Bank of N.T. Butterfield & Son Ltd, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Michael Schrum2026–now

Chief operating officer

  1. Michael Walter Neff2026–now
Board members and other officers (14)

Timeline

  1. Oct 22, 1904Founded Bank of N.T. Butterfield & Son Ltd is founded2

Calendar

Coming up

  1. Oct 27, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.51 a share, on Oct 28, 2025.27

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

233 filings to the SEC since October 2021: 5 annual reports, 64 insider forms, 13 large holders, 151 other. The latest 20:

  1. Oct 5, 20264 EDGAR
  2. Oct 5, 20264 EDGAR
  3. Oct 5, 20264 EDGAR
  4. Oct 5, 20264 EDGAR
  5. Oct 5, 20264 EDGAR
  6. Oct 5, 20264 EDGAR
  7. Oct 5, 20264 EDGAR
  8. Sep 18, 20266-K 6-K NTB 2026 AGM RESULTS EDGAR
  9. Aug 31, 20266-K 6-K BNTB PILLAR 3 DISCLOSURES JUNE 30, 2026 EDGAR
  10. Aug 27, 20264 EDGAR
  11. Aug 27, 20264 EDGAR
  12. Aug 27, 20264 EDGAR
  13. Aug 27, 20264 EDGAR
  14. Aug 27, 20264 EDGAR
  15. Aug 27, 20264 EDGAR
  16. Aug 27, 20264 EDGAR
  17. Aug 27, 20264 EDGAR
  18. Aug 27, 20264 EDGAR
  19. Aug 27, 20264 EDGAR
  20. Aug 27, 20264 EDGAR

The 233 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

16 open-market trades by officers, directors and large owners since October 2021: 1 buys and 15 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 26, 2026McWatt MichaelManaging Director, CaymanSale9,000$58.41$525.7KForm 4
Aug 19, 2026Collins Michael WChief Executive OfficerSale61,178$59.67$3.7MForm 4
Aug 18, 2026Collins Michael WChief Executive OfficerSale70,859$61.79$4.4MForm 4
Aug 18, 2026Pearce JaneManaging Director, TrustSale16,368$61.78$1.0MForm 4
Aug 17, 2026Collins Michael WChief Executive OfficerSale75,000$62.98$4.7MForm 4
Aug 14, 2026Neff Michael WalterChief Operating OfficerSale5,500$63.66$350.1KForm 4
Aug 5, 2026McWatt MichaelManaging Director, CaymanSale12,000$61.78$741.4KForm 4
Aug 4, 2026Wright John RDirectorSale5,000$59.50$297.5KForm 4
Jul 31, 2026Saunders RichardManaging Director, CIUKSale18,118$61.33$1.1MForm 4
Jul 30, 2026Hidalgo TaraChief Risk OfficerSale18,587$61.27$1.1MForm 4
Jul 30, 2026Burns Andrew RonaldChief Risk Officer, CaymanSale18,566$61.27$1.1MForm 4
Jul 29, 2026Feldman Jody TerenceManaging Director, BermudaSale7,500$59.94$449.6KForm 4
Jun 16, 2026Collins Michael WChief Executive OfficerSale20,621$58.77$1.2MForm 4
Jun 15, 2026Collins Michael WChief Executive OfficerSale20,000$58.53$1.2MForm 4
Jun 12, 2026Collins Michael WChief Executive OfficerSale20,000$58.75$1.2MForm 4
May 29, 2026Lynch Mark TDirectorBuy10,000$56.49$564.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Bank of N.T. Butterfield & Son Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBank of N.T. Butterfield & Son Ltd1
  • CIK0001653242
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company5
  • Incorporated inBermuda5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6029 Commercial Banks, NEC1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address65 Front Street, Hamilton, HM12, Bermuda1
  • Phone44129511111
  • Shares outstanding39,948,264 shares as of Dec 31, 20255
  • AuditorPricewaterhouseCoopers Ltd., Hamilton, Bermuda PCAOB ID 1403; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceMay 20, 20161
  • Filings374 in all: 6-K (134), 144 (92), 4 (45), 3 (19), SC 13G/A (15), SC 13G (13), 20-F (10), CORRESP (5)1
    All 25 form types

    F-1/A (5), S-8 (5), UPLOAD (5), 424B5 (4), FWP (4), F-3ASR (3), 6-K/A (2), EFFECT (2), F-1 (2), F-N (2), 424B1 (1), 424B4 (1), 8-A12B (1), CERTNYS (1), DRS (1), DRS/A (1), DRSLTR (1)

  • Latest filingsAnnual report (20-F) Feb 18, 2026

Securities registered for trading

ClassSymbolExchange
Voting ordinary shares of par value BM$ 0.01 eachNTBNew York Stock Exchange
Voting ordinary shares of par value BM$ 0.01 eachNTB.BH

From the cover page of the 20-F filed Feb 18, 2026 (Section 12(b) of the Exchange Act).5

Sources

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