Bank of N.T. Butterfield & Son Ltd
NTB · Commercial Banks, NEC · EDGAR filings ↗
Reference price $58.77 — last insider sale, 2026-06-16 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
B81High-return, well-capitalized niche bank franchise dominant in Bermuda/Cayman with top-decile ROE.
Strengths
- ROE 20.3% (96th pct) and ROA 1.6% (80th pct) — top-decile bank returns
- Net margin 38% (86.7th pct) with strong CET1 (27.6%) and fee income mix
- Entrenched market position in Bermuda, Cayman, Channel Islands
Risks
- Heavy geographic/economic concentration in small island markets
- Modest revenue growth (4.6%, 13.3rd pct) limits upside
- Exposure to rate cycle, sovereign downgrades and offshore regulatory scrutiny
Notable findings
Key metrics
Net margin
38.2%
Return on equity
20.3%
Return on assets
1.6%
Revenue growth (QoQ)
4.6%
Net-income growth
7.2%
Debt / equity
0.0×
Tangible book value
$1.1B
Cash & investments
$1.7B
Stock comp / revenue
3.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-16 | Collins Michael W | Sell | 21K | $58.77 |
| 2026-06-15 | Collins Michael W | Sell | 20K | $58.53 |
| 2026-06-12 | Collins Michael W | Sell | 20K | $58.75 |
| 2026-05-29 | Lynch Mark T | Buy | 10K | $56.49 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-02-18 | 2025-12-31 | 0001653242-26-000006 ↗ |
| 20-F | 2025-02-19 | 2024-12-31 | 0001653242-25-000010 ↗ |
| 20-F | 2024-02-21 | 2023-12-31 | 0001653242-24-000008 ↗ |
| 20-F | 2023-02-22 | 2022-12-31 | 0001653242-23-000007 ↗ |
| 20-F | 2022-02-23 | 2021-12-31 | 0001653242-22-000008 ↗ |
| 20-F | 2021-02-23 | 2020-12-31 | 0001653242-21-000008 ↗ |
| 20-F | 2020-02-26 | 2019-12-31 | 0001653242-20-000010 ↗ |
| 20-F | 2019-02-26 | 2018-12-31 | 0001653242-19-000009 ↗ |
| 20-F | 2018-02-26 | 2017-12-31 | 0001653242-18-000007 ↗ |
| 20-F | 2017-02-28 | 2016-12-31 | 0001653242-17-000014 ↗ |