Bank of N.T. Butterfield & Son (NTB) Stock Price & How to Invest
Last updated July 2026
Short answer
The Bank of N.T. Butterfield & Son (NYSE: NTB) is a Bermuda-based full-service bank and wealth manager whose stock trades like a high-return-on-equity, high-dividend regional bank levered to offshore financial centers. Investors typically hold it for its roughly 22 percent return on equity, fee-based trust and wealth income, and a dividend yield near 3.4 percent, while weighing its concentration in small island economies.
NTB stock price
As of 2026-07-17, Bank of N.T. Butterfield & Son (NTB) last closed at $61.37, up 34.0% over the past year. Over the past 52 weeks it has traded between $41.01 and $62.44.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Bank of N.T. Butterfield & Son 's investor relations page. Walnut is informational, not investment advice.
What does Bank of N.T. Butterfield & Son (NTB) do?
The Bank of N.T. Butterfield & Son Limited is a full-service bank and wealth manager headquartered in Hamilton, Bermuda, and listed on both the New York and Bermuda stock exchanges. It runs three connected businesses: retail and corporate banking, and wealth management (trust, private banking, and asset management), organized across reportable segments in Bermuda, the Cayman Islands, the Channel Islands and the UK, plus other operations such as The Bahamas, Switzerland, and Singapore. Bermuda and Cayman generate the bulk of profit, and the bank benefits from large, low-cost deposit balances (around $12.9 billion at the end of the first quarter of 2026) that it invests conservatively, giving it a rate-sensitive net interest margin alongside recurring fee income from trust and custody services.
The investment picture centers on capital efficiency and shareholder returns rather than growth. In the first quarter of 2026 Butterfield posted net income of about $62.6 million ($1.53 per diluted share) and a return on equity near 22 percent, well above most US regional banks, and it pays a $0.50 quarterly dividend while buying back stock. The defining strategic event is the May 2026 agreement to acquire a controlling stake in CIBC Caribbean Bank for roughly $1.8 billion, a deal that would push combined assets toward $29 billion and materially diversify Butterfield beyond Bermuda and Cayman. That acquisition, expected to close around March 2027, reshapes the thesis from a stable offshore niche bank into a larger, more geographically spread Caribbean and Atlantic franchise.
What's driving Bank of N.T. Butterfield & Son (NTB)?
1. CIBC Caribbean acquisition and scale
The pending $1.8 billion purchase of a controlling interest in CIBC Caribbean would roughly double Butterfield's assets toward $29 billion and add a broad Caribbean deposit and lending footprint. Management has guided to double-digit earnings-per-share accretion in year one with fully phased synergies. Integration execution and regulatory approval across multiple jurisdictions are the key variables.
2. High return on equity and capital return
Butterfield consistently earns a return on equity in the low-20-percent range, unusually high for a bank, driven by sticky low-cost deposits and fee income. It returns capital through a $0.50 quarterly dividend and ongoing buybacks (0.8 million shares repurchased for about $42 million in the first quarter of 2026). This capital-return profile is central to the stock's appeal.
3. Net interest margin and rate sensitivity
Net interest income was about $93 million in the first quarter of 2026 with a net interest margin near 2.75 percent, up modestly. Because deposits are large and cheap, Butterfield's earnings are sensitive to short-term interest rates and reinvestment yields on its securities book. A falling-rate environment could compress margins, while stable or higher rates support them.
4. Fee-based wealth and trust income
Trust, custody, asset management, and banking fees provide recurring, capital-light revenue that partly offsets rate sensitivity. Butterfield's offshore centers make it a natural provider of fiduciary services to international clients, and the CIBC Caribbean deal expands the base of clients who can be cross-sold wealth products.
What are the risks to Bank of N.T. Butterfield & Son (NTB)?
Butterfield's earnings are concentrated in a handful of small island economies (Bermuda and Cayman especially), so local economic shocks, tourism downturns, or reinsurance-market stress there hit results disproportionately. The bank is rate-sensitive: a sharp decline in interest rates would pressure net interest margin and net income. The large CIBC Caribbean acquisition carries integration, regulatory, and dilution risk, and closing is not guaranteed. As a foreign private issuer it files differently from US domestic banks, and offshore financial centers face ongoing regulatory and tax-transparency scrutiny. Deposit balances can fluctuate with global rate and liquidity conditions, affecting funding costs.
How is Bank of N.T. Butterfield & Son (NTB) valued? (approximate, July 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Bank of N.T. Butterfield & Son 's investor relations page or your broker.
- Net interest income (Q1 2026): ~$93M
- Net income (Q1 2026): ~$63M
- Diluted EPS (Q1 2026): ~$1.53
- Return on equity: ~22%
- Market capitalization: ~$2.3B
- Dividend yield: ~3.4%
Butterfield trades at a modest valuation for a bank, roughly 10 times trailing earnings as of mid-2026, reflecting its niche market and small-economy concentration despite an above-average return on equity. Its $2.00 annualized dividend yields about 3.4 percent with a payout ratio near one-third of earnings. Figures are approximate and drawn from first-quarter 2026 disclosures; the pending CIBC Caribbean deal would change the scale of these numbers if it closes in 2027.
Who competes with Bank of N.T. Butterfield & Son (NTB)?
Offshore and specialty banks
Butterfield competes most directly with other banks serving offshore financial centers and international clients, including CIBC Caribbean (which it is acquiring), Cayman National, and international private banks operating in Bermuda, Cayman, and the Channel Islands. These peers vie for the same low-cost deposits and fiduciary relationships.
Trust and wealth managers
In its trust, custody, and private-banking lines, Butterfield competes with global fiduciary and wealth-management firms serving high-net-worth and corporate clients across offshore jurisdictions, where reputation, regulatory standing, and service breadth matter more than price.
US and international regional banks
As a NYSE-listed bank, Butterfield is often compared by investors with US regional banks and other small-cap financials on metrics like return on equity, net interest margin, and dividend yield, even though its geographic footprint and deposit base are quite different.
How to invest in Bank of N.T. Butterfield & Son (NTB)
There are three common ways to get NTB exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so NTB sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where NTB fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on Bank of N.T. Butterfield & Son (NTB)
NTB is a niche, high-ROE offshore bank with a generous dividend and a transformational Caribbean acquisition in play, making it a story about capital return and geographic concentration rather than rapid growth.
More on Bank of N.T. Butterfield & Son (NTB)
Whether NTB is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is NTB a buy?, and where the stock could go from here in the NTB stock forecast.
For income investors, whether NTB pays a dividend and how the payout looks is covered in does NTB pay a dividend?
Build a basket around NTB with Walnut
Use Bank of N.T. Butterfield & Son as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does the Bank of N.T. Butterfield & Son do?
+
It is a Bermuda-based full-service bank and wealth manager offering retail and corporate banking plus trust, private banking, and asset management. It operates mainly in Bermuda, the Cayman Islands, and the Channel Islands and UK, with additional operations in places like The Bahamas, Switzerland, and Singapore.
Where is NTB stock listed?
+
Butterfield trades on the New York Stock Exchange under the ticker NTB and is also listed on the Bermuda Stock Exchange. It reports as a foreign private issuer, so its SEC filings differ somewhat in format from those of US domestic banks.
Does NTB pay a dividend?
+
Yes. Butterfield declared a $0.50 quarterly dividend in the first quarter of 2026, which annualizes to $2.00 per share, a yield of roughly 3.4 percent as of mid-2026. Its payout ratio is modest at around one-third of earnings, and it also repurchases shares.
How profitable is Butterfield?
+
Butterfield is unusually profitable for a bank, reporting a return on equity near 22 percent in the first quarter of 2026 on net income of about $63 million. Large, low-cost deposits and recurring fee income from trust and wealth services drive that high return.
What is the CIBC Caribbean acquisition?
+
In May 2026 Butterfield agreed to acquire a controlling interest in CIBC Caribbean Bank for about $1.8 billion in cash and stock. The deal would push combined assets toward $29 billion, diversify Butterfield across the Caribbean, and is expected to close around March 2027, subject to approvals.
What are the main risks of NTB?
+
Key risks include concentration in small island economies (especially Bermuda and Cayman), sensitivity to interest-rate changes that affect net interest margin, integration and dilution risk from the large CIBC Caribbean acquisition, and regulatory scrutiny of offshore financial centers.
How is NTB valued?
+
As of mid-2026 Butterfield had a market capitalization near $2.3 billion and traded at roughly 10 times trailing earnings, a modest multiple that reflects its niche markets and small-economy concentration despite an above-average return on equity.
Is NTB a growth or income stock?
+
Historically NTB has been more of an income and capital-return story, built around a high return on equity, a solid dividend, and buybacks rather than rapid growth. The pending CIBC Caribbean acquisition adds a growth and scale dimension if it closes as planned.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Bank of N.T. Butterfield & Son 's investor relations page or your broker before making investment decisions.