NTB - The Bank of N.T. Butterfield & Son Limited
Price:
--
--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$57.00
DETAILS
HIGH:
$57.00
LOW:
$57.00
MEDIAN:
$57.00
CONSENSUS:
$57.00
UPSIDE:
1.77%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 799.8 | 816.5 | 761.9 | 606.4 | 521.5 | 502.1 | 532.1 | 510.8 | 448.8 | 407 | 374.1 | 389.9 | 341.7 | 331.9 |
| Cost of Revenue | 193.2 | 236.2 | 183.1 | 57.2 | 22.0 | 0 | 0 | 0 | 0.0 | 0.4 | 0.3 | 0.5 | 0 | 0 |
| Gross Profit | 606.7 | 580.3 | 578.8 | 549.2 | 499.6 | 502.1 | 532.1 | 510.8 | 448.8 | 406.6 | 373.8 | 389.4 | 341.7 | 331.9 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 192.3 | 183.8 | 188.1 | 176.7 | 169.8 | 181.8 | 195.1 | 226.2 | 213.0 | 201.9 | 195.9 | 190.7 | 228.1 | 240.6 |
| Other Expenses | 176.5 | 175.7 | 164.4 | 154.8 | 164.0 | 320.3 | 337.0 | (0.9) | 1.3 | 1 | 0.3 | 0.5 | 0 | 0 |
| Operating Expenses | 368.8 | 359.5 | 352.5 | 331.5 | 333.8 | 502.1 | 532.1 | 224.9 | 214.3 | 202.9 | 196.2 | 191.1 | 262.6 | 308.1 |
| Operating Income | ||||||||||||||
| Operating Income | 238 | 220.8 | 226.3 | 217.7 | 165.8 | 0 | 0 | 221.1 | 0.2 | 0.1 | 102.3 | 134.6 | 82.4 | 62.1 |
| Interest Expense | 193.0 | 234.5 | 178.7 | 0 | 0 | 34.4 | 59.4 | 24.6 | 15.9 | 16.4 | 23.3 | 26.6 | 0 | 0 |
| Interest Income | 557.1 | 585.7 | 545.6 | 343.6 | 299.8 | 352.0 | 345.7 | 343 | 289.7 | 258.5 | 262.6 | 265.1 | 0 | 0 |
| Profitability | ||||||||||||||
| EBITDA | 266.8 | 263.0 | 262.5 | 257.9 | 235.2 | 0 | 0 | 242.9 | 0 | 0 | 133.9 | 143.3 | (23.1) | (57.2) |
| EBIT | 238 | 220.8 | 226.3 | 217.7 | 165.8 | (62.4) | (48.4) | 195.3 | (50.4) | (52.3) | 83.9 | 98.2 | 79.1 | 23.9 |
| Income Before Tax | 238 | 220.8 | 226.3 | 217.7 | 165.8 | 149.6 | 175.7 | 196.5 | 154.3 | 116.7 | 79.0 | 108.0 | 79.1 | 23.9 |
| Income Tax Expense | 6 | 4.5 | 0.8 | 3.7 | 3.1 | 2.4 | (1.4) | 1.3 | 1.1 | 0.7 | 1.3 | (0.2) | 0.9 | 5.9 |
| Net Income | 231.9 | 216.3 | 225.5 | 214.0 | 162.7 | 147.2 | 177.1 | 195.2 | 153.3 | 115.9 | 77.7 | 108.2 | 58.4 | (1.0) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 5.61 | 4.80 | 4.62 | 4.32 | 3.28 | 2.91 | 3.33 | 3.55 | 2.82 | 1.20 | 1.31 | 1.96 | 1.06 | -0.04 |
| EPS (Diluted) | 5.47 | 4.71 | 4.58 | 4.29 | 3.26 | 2.90 | 3.30 | 3.50 | 2.76 | 1.18 | 1.29 | 1.93 | 1.06 | -0.02 |
| Shares Outstanding | 41.6 | 45.1 | 48.8 | 49.6 | 49.5 | 50.5 | 53.2 | 55.0 | 54.4 | 48.6 | 46.6 | 46.6 | 54.9 | 55.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 1,605.5 | 1,998.1 | 1,646.6 | 2,100.8 | 2,180 | 3,290 | 2,550 | 2,054 | 1,535 | 2,102 |
| Short-Term Investments | 1,096.2 | 2,668.6 | 639.1 | 2,857.6 | 1,199 | 823 | 1,218 | 52 | 250 | 520 |
| Net Receivables | 11.1 | 0 | 0 | 203.5 | 144.3 | 144.8 | 23.6 | 20.9 | 24.9 | 22.8 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,908.2 | 456.1 | 2,799.3 |
| Total Current Assets | 2,712.8 | 4,666.7 | 2,285.8 | 5,161.9 | 3,537 | 4,275 | 3,791.6 | 6,218.0 | 5,583.6 | 5,940.5 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 159 | 153.8 | 154.4 | 146.1 | 139 | 151 | 158 | 158 | 165 | 168 |
| Goodwill | 25.4 | 23.6 | 24.1 | 22.9 | 25.4 | 25.6 | 24.8 | 24.0 | 21.5 | 19.6 |
| Intangible Assets | 61.4 | 66.0 | 74.8 | 51.5 | 60.8 | 67.2 | 71.7 | 50.8 | 39.1 | 42.3 |
| Long-Term Investments | 10,938.5 | 7,720.5 | 1,021.8 | 8,847.2 | 7,436 | 5,686 | 5,654 | 4,307 | 4,956 | 4,920 |
| Other Non-Current Assets | 197.5 | 1,600.8 | 9,203.4 | 76.4 | (7,661) | (5,930) | (5,909) | 15.2 | 12.6 | 11.3 |
| Total Non-Current Assets | 11,382.1 | 9,564.7 | 10,478.5 | 9,144.2 | 7,661 | 5,930 | 5,909 | 4,555.2 | 5,195.7 | 5,163.1 |
| Total Assets | 14,095 | 14,231.4 | 13,374.0 | 14,306.1 | 15,335 | 14,739 | 13,922 | 10,773 | 10,779 | 11,104 |
| Current Liabilities | ||||||||||
| Account Payables | 0 | 0 | 0 | 185.9 | 189.4 | 203.9 | 262.4 | 5.1 | 2.4 | 2.1 |
| Short-Term Debt | 5.2 | 92.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 232.9 | 251.7 | 12,407.9 | 9,418.4 | 9,524.0 | 10,009.9 |
| Other Current Liabilities | (255) | 12,745.9 | (149.5) | 12,991.1 | (422.3) | (455.5) | (254.0) | 0 | (56.7) | (4.3) |
| Total Current Liabilities | 5.2 | 12,838.5 | 8,401.3 | 13,176.9 | 316 | 335 | 8.4 | 5.1 | 9,524.0 | 10,009.9 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0 | 98.7 | 98.5 | 172.3 | 171.9 | 171.5 | 143.5 | 143.3 | 117 | 117 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 12,953 | 273.4 | 4,013.0 | 92.0 | 0 | 0 | 0.5 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 12,953 | 372.1 | 4,111.5 | 264.3 | 172 | 171 | 144 | 143.3 | 117 | 117 |
| Total Liabilities | 12,953 | 13,210.6 | 12,370.4 | 13,441.2 | 14,358 | 13,757 | 12,958 | 9,891 | 9,956 | 10,393 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 882 | 823 | 711 |
| Retained Earnings | 494.4 | 422.5 | 342.5 | 229.7 | 104.3 | 33.9 | (9.2) | (92.7) | (204.2) | (287.7) |
| Accumulated Other Comprehensive Income | (204.2) | (295.4) | (310.2) | (377.5) | (124.9) | (49.7) | (87.1) | (148.5) | (129.1) | (144.7) |
| Total Stockholders' Equity | 1,142 | 1,020.8 | 1,003.6 | 864.8 | 977 | 982 | 964 | 882 | 823 | 711 |
| Total Liabilities & Equity | 14,095 | 14,231.4 | 13,374.0 | 14,306.1 | 15,335 | 14,739 | 13,922 | 10,773 | 10,779 | 11,104 |
| Debt Metrics | ||||||||||
| Total Debt | 38.7 | 191.3 | 98.5 | 172.3 | 172 | 171 | 144 | 143 | 117 | 117 |
| Net Debt | (1,566.8) | (1,806.8) | (1,548.2) | (1,928.5) | (2,008) | (3,119) | (2,406) | (1,911) | (1,418) | (1,985) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 231.9 | 216.3 | 225.5 | 214.0 | 162.7 | 147.2 | 177.1 | 195.2 | 153.3 | 115.9 |
| Depreciation & Amortization | 0 | 42.2 | 36.2 | 40.2 | 69.5 | 62.4 | 48.4 | 46.5 | 24.0 | 52.3 |
| Stock-Based Compensation | 0 | 21.0 | 20.8 | 17.1 | 15.2 | 15.2 | 17.7 | 12.6 | 8.4 | 14.4 |
| Change in Working Capital | (11.5) | (16.1) | 6.5 | (54.1) | (0.5) | (45.8) | 8.1 | 50.4 | 36.8 | (7.4) |
| Other Non-Cash Items | 59.2 | 2.1 | 11.3 | 2.1 | 0.1 | 0.1 | 0.0 | 0.3 | 2.4 | 1.3 |
| Operating Cash Flow | 279.6 | 265.4 | 300.3 | 219.3 | 251.3 | 188.2 | 249.6 | 296.3 | 193.4 | 178.2 |
| Investing Activities | ||||||||||
| Capital Expenditure | (24.8) | (21.5) | (54.3) | (26.9) | (15.7) | (20.6) | (22.8) | (19.8) | (14.8) | (9.8) |
| Acquisitions | 0 | 0 | 584.1 | 0 | 1.9 | 0 | 2,815.8 | (20.7) | (0.4) | (21.8) |
| Purchases of Investments | 0 | (2,754.0) | 0 | (3,016.0) | (5,754.0) | (3,663.2) | (2,641.4) | (1,146.0) | (795.2) | (2,373.2) |
| Sales/Maturities of Investments | 0 | 2,998.5 | 0 | 3,386.9 | 3,857.8 | 3,671.2 | 1,417.4 | 1,689.8 | 928.0 | 1,026.2 |
| Other Investing Activities | 102.4 | (804.4) | 124.7 | (52.0) | 4.4 | (29.2) | (476.5) | (164.6) | (36.3) | 178.9 |
| Investing Cash Flow | 102.4 | (581.0) | 681.8 | 292.0 | (1,905.7) | (41.7) | 1,092.5 | 338.6 | 81.4 | (1,199.8) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (190.0) | 97.3 | (75) | 0 | 0 | 27.6 | 0 | 3.7 | 0 | 0 |
| Stock Repurchased | (146.7) | (155.3) | (88.6) | (3.9) | (19.8) | (86.6) | (81.5) | (48.4) | 0 | 0 |
| Dividends Paid | (77.7) | (79.6) | (86.2) | (87.3) | (87.3) | (88.9) | (93.6) | (83.7) | (69.7) | (34.0) |
| Other Financing Activities | (331.2) | 873.1 | (1,198.1) | (415.6) | 642.8 | 694.4 | (744.3) | 3.3 | (616.6) | 1,055.7 |
| Financing Cash Flow | (745.6) | 735.6 | (1,447.9) | (506.8) | 535.8 | 546.4 | (919.4) | (125.2) | (686.3) | 939.6 |
| Cash Position | ||||||||||
| Net Change in Cash | (311.9) | 416.3 | (444.3) | (87.0) | (1,111.0) | 735.6 | 508.8 | 512.4 | (601.8) | (187.2) |
| Cash at Beginning | 2,088.5 | 1,672.3 | 2,116.5 | 2,203.5 | 3,314.5 | 2,578.9 | 2,070.1 | 1,557.7 | 1,206.8 | 2,288.9 |
| Cash at End | 1,776.7 | 2,088.5 | 1,672.3 | 2,116.5 | 2,203.5 | 3,314.5 | 2,578.9 | 2,070.1 | 605.0 | 2,101.7 |
| Free Cash Flow | 254.8 | 243.9 | 246.0 | 192.4 | 235.6 | 167.6 | 226.9 | 276.5 | 178.6 | 168.4 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 799.8 | 816.5 | 761.9 | 606.4 | 521.5 | 502.1 | 532.1 | 510.8 | 448.8 | 407 | 374.1 | 389.9 | 341.7 | 331.9 |
| Gross Profit | 606.7 | 580.3 | 578.8 | 549.2 | 499.6 | 502.1 | 532.1 | 510.8 | 448.8 | 406.6 | 373.8 | 389.4 | 341.7 | 331.9 |
| Operating Income | 238 | 220.8 | 226.3 | 217.7 | 165.8 | 0 | 0 | 221.1 | 0.2 | 0.1 | 102.3 | 134.6 | 82.4 | 62.1 |
| Net Income | 231.9 | 216.3 | 225.5 | 214.0 | 162.7 | 147.2 | 177.1 | 195.2 | 153.3 | 115.9 | 77.7 | 108.2 | 58.4 | (1.0) |
| EPS (Diluted) | 5.47 | 4.71 | 4.58 | 4.29 | 3.26 | 2.90 | 3.30 | 3.50 | 2.76 | 1.18 | 1.29 | 1.93 | 1.06 | -0.02 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 1,605.5 | 1,998.1 | 1,646.6 | 2,100.8 | 2,180 | 3,290 | 2,550 | 2,054 | 1,535 | 2,102 | ||||
| Total Assets | 14,095 | 14,231.4 | 13,374.0 | 14,306.1 | 15,335 | 14,739 | 13,922 | 10,773 | 10,779 | 11,104 | ||||
| Total Debt | 38.7 | 191.3 | 98.5 | 172.3 | 172 | 171 | 144 | 143 | 117 | 117 | ||||
| Stockholders' Equity | 1,142 | 1,020.8 | 1,003.6 | 864.8 | 977 | 982 | 964 | 882 | 823 | 711 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 279.6 | 265.4 | 300.3 | 219.3 | 251.3 | 188.2 | 249.6 | 296.3 | 193.4 | 178.2 | ||||
| Capital Expenditure | (24.8) | (21.5) | (54.3) | (26.9) | (15.7) | (20.6) | (22.8) | (19.8) | (14.8) | (9.8) | ||||
| Free Cash Flow | 254.8 | 243.9 | 246.0 | 192.4 | 235.6 | 167.6 | 226.9 | 276.5 | 178.6 | 168.4 | ||||