Financials The Bank of N.T. Butterfield & Son Limited

Equities

NTB

BMG0772R2087

Banks

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
34.06 USD -0.18% Intraday chart for The Bank of N.T. Butterfield & Son Limited +9.66% +6.40%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,968 1,542 1,886 1,480 1,539 1,574 - -
Enterprise Value (EV) 1 1,968 1,542 1,886 1,480 1,539 1,574 1,574 1,574
P/E ratio 11.2 x 10.7 x 11.7 x 6.95 x 6.99 x 7.64 x 7.32 x 6.74 x
Yield 4.75% 5.65% 4.62% 5.9% 5.5% 5.17% 5.17% 5.17%
Capitalization / Revenue 3.72 x 3.07 x 3.79 x 2.69 x 2.66 x 2.78 x 2.76 x 2.84 x
EV / Revenue 3.72 x 3.07 x 3.79 x 2.69 x 2.66 x 2.78 x 2.76 x 2.84 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.04 x 1.57 x 1.92 x 1.71 x 1.5 x 1.45 x 1.29 x -
Nbr of stocks (in thousands) 53,169 49,488 49,489 49,639 48,071 46,221 - -
Reference price 2 37.02 31.16 38.11 29.81 32.01 34.06 34.06 34.06
Announcement Date 2/12/20 2/10/21 2/14/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 529.7 501.5 497.9 550.2 579.3 566 569.4 554.2
EBITDA - - - - - - - -
EBIT 1 172.8 165 172 226 227 214.3 209.4 -
Operating Margin 32.62% 32.9% 34.55% 41.08% 39.19% 37.86% 36.78% -
Earnings before Tax (EBT) 1 175.7 149.6 165.8 217.7 226.3 208.1 201.8 182
Net income 1 177.1 147.2 162.7 214 225.5 204.7 199.1 180.2
Net margin 33.43% 29.35% 32.68% 38.89% 38.93% 36.17% 34.97% 32.51%
EPS 2 3.300 2.900 3.260 4.290 4.580 4.460 4.656 5.050
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.760 1.760 1.760 1.760 1.760 1.760 1.760 1.760
Announcement Date 2/12/20 2/10/21 2/14/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 127.2 125.8 133.8 141.1 149.5 147.5 142.6 142.2 146.9 142.2 139.2 140.6 143.3 139 139.9
EBITDA - - - - - - - - - - - - - - -
EBIT 1 45 44.1 51 59.1 66.4 - 59.1 49.7 54.7 53.7 50.2 53 55.75 51.5 50.4
Operating Margin 35.38% 35.06% 38.12% 41.89% 44.41% - 41.44% 34.95% 37.24% 37.76% 36.06% 37.71% 38.9% 37.06% 36.03%
Earnings before Tax (EBT) 1 42.4 45.3 50.2 58.4 63.8 62.9 61.5 49.1 52.7 54.28 48.99 50.89 52.41 49.83 49.23
Net income 1 41.7 44.4 49.1 57.4 63.1 62.2 61 48.7 53.5 53.43 48.31 50.19 51.68 49.07 48.47
Net margin 32.78% 35.29% 36.7% 40.68% 42.21% 42.17% 42.78% 34.25% 36.42% 37.57% 34.7% 35.71% 36.06% 35.31% 34.65%
EPS 2 0.8400 0.8900 0.9900 1.150 1.260 1.240 1.220 0.9900 1.110 1.130 1.048 1.106 1.172 1.088 1.098
Dividend per Share 2 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400 0.4400
Announcement Date 2/14/22 5/2/22 7/25/22 10/31/22 2/13/23 4/24/23 7/31/23 10/24/23 2/12/24 4/23/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 19.1% 15% 16.8% 25.7% 24.2% 20.6% 18.8% -
ROA (Net income/ Total Assets) 1.4% 1.1% 1.1% 1.5% 1.7% 1.54% 1.48% -
Assets 1 12,650 13,382 14,791 14,267 13,265 13,336 13,455 -
Book Value Per Share 2 18.10 19.90 19.80 17.40 21.40 23.40 26.40 -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/12/20 2/10/21 2/14/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
34.06 USD
Average target price
37.8 USD
Spread / Average Target
+10.98%
Consensus
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