The Bank of N.T. Butterfield & Son Limited (NTB) SEC Filings & Earnings Calls
EquiReason read 14 The Bank of N.T. Butterfield & Son Limited SEC filings in the last 12 months. Latest: 6-K on 2026-09-18 — Annual general meeting voting results; all proposals approved, no material financial or operational impact..
Source: SEC EDGAR filings · read by EquiReason
- Market cap
- 2.4B
- P/E TTM
- 11.1
- Dividend yield
- 3.1%
- 52-week
- —
- Next earnings
- 27 Oct, in 3 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
14 Aug 20266-KButterfield seeks shareholder approval to issue shares for $1.794B acquisition of CIBC Caribbean; expects 15% EPS accretion, 20%+ IRR, maintains dividend.acquisitionopen
Figures in the filing · each found in the filing text
| Purchase price | $1.79B | |
| Total assets (combined) | $29.00B | |
| Total deposits (combined) | $25.00B | |
| Annual pre-tax cost savings · annual | $49M | |
| EPS accretion (first full year) · first full year | 15.0% | |
| Tangible book value accretion | 10.0% | |
| Internal rate of return | 20.0% | |
| Dividend per share (quarterly) · quarterly | $0.50 | |
| Loan-to-deposit ratio (combined) | 50.0% |
Guidance
15% EPS accretion, 20%+ IRR
Acquisition expected to be 15% accretive to EPS, 10% to TBV, with 20%+ IRR; dividend maintained.
Risks flagged
Integration risk and regulatory approvals required.
“Completion subject to regulatory approvals and other conditions, including shareholder approval.”
27 Jul 20266-KButterfield reports Q2 2026 core net income of $63.9M ($1.58/diluted share), up from $53.7M in Q2 2025; NIM stable at 2.74%; closed R&H Guernsey acquisition and announced CIBC Caribbean acquisition.earningsopen
Figures in the filing · each found in the filing text
| Net income · Q2-2026 | $47M | -12% y/y |
| Core net income · Q2-2026 | $64M | +19% y/y |
| EPS diluted · Q2-2026 | $1.16 | -7% y/y |
| Core EPS diluted · Q2-2026 | $1.58 | +25% y/y |
| Net interest margin · Q2-2026 | 2.7% | |
| Cost of deposits · Q2-2026 | 1.3% | |
| Return on average common equity · Q2-2026 | 16.6% | |
| Core return on average tangible common equity · Q2-2026 | 25.0% | |
| Efficiency ratio · Q2-2026 | 67.6% | |
| Core efficiency ratio · Q2-2026 | 57.0% |
Risks flagged
Deal-related expenses from CIBC Caribbean acquisition may pressure near-term earnings.
“reported net income for the second quarter of 2026 included $16.9 million of non-core, deal-related expenses, primarily associated with the acquisition of CIBC Caribbean” · word for word
Integration risk from R&H Guernsey and CIBC Caribbean acquisitions.
“integration-related costs for the R&H Guernsey business” · word for word
28 May 20266-KCash consideration $1.09B; Ordinary shares to be issued 11,577,367open
Figures in the filing · each found in the filing text
| Cash consideration | $1.09B | |
| Ordinary shares to be issued | 11,577,367 |
Risks flagged
Regulatory and shareholder approvals required; integration risk; financing via subordinated debt may increase leverage.
“Subject to regulatory approvals, shareholder approval, and financing conditions”
28 Apr 20266-KNet income $62.6M vs $53.8M YoY, core EPS $1.55 vs $1.30 YoY, NIM expansion to 2.75%, efficiency ratio improved to 56.8%.open
Figures in the filing · each found in the filing text
| Net income · Q1-2026 | $63M | +16% y/y |
| Core net income · Q1-2026 | $63M | +12% y/y |
| Diluted EPS · Q1-2026 | $1.53 | +24% y/y |
| Core diluted EPS · Q1-2026 | $1.55 | +19% y/y |
| Return on average common equity · Q1-2026 | 22.1% | |
| Core return on average tangible common equity · Q1-2026 | 24.1% | |
| Net interest margin · Q1-2026 | 2.8% | |
| Cost of deposits · Q1-2026 | 1.2% | |
| Quarterly cash dividend per share · Q1-2026 | $0.50 | |
| Share repurchases · Q1-2026 | $42M |
Risks flagged
Lower non-interest income from banking services and higher provision for credit losses partially offset gains.
“Lower non-interest income from banking services and higher provision for credit losses” · word for word
2 Mar 20266-KPillar 3 regulatory capital disclosure for six months ended Dec 31, 2025; no material event or financial performance data.open
Risks flagged
Regulatory capital requirements may increase with Basel IV implementation, but no immediate impact.
“Basel IV standards being phased in through 2028; Bank has implemented revised approaches for operational and credit risk”
19 Feb 20266-KButterfield announces agreement to acquire Rawlinson & Hunter Guernsey, adding $9.0B in assets under administration and 71 client groups, expanding Channel Islands trust business.acquisitionopen
Figures in the filing · each found in the filing text
| Assets Under Administration Added · Trust · point_in_time | $9.00B | |
| Client Groups Added · Trust · point_in_time | 71 | |
| Total Assets Under Administration (Trust) · Trust · point_in_time | $134.70B |
Risks flagged
Integration risk and regulatory approvals required; transaction expected to close in first half of 2026.
“Transaction subject to customary closing conditions, including regulatory approvals”
18 Feb 202620-FAnnual report filed; no material event beyond routine disclosure.open
Figures in the filing · each found in the filing text
| Net Revenue % from Bermuda segment · Bermuda · FY2025 | 43.3% | |
| Assets under administration - Trust · FY2025 | $134.65B | +3% y/y |
| Assets under management - Butterfield Funds · FY2025 | $2.89B | +20% y/y |
| Assets under management - Other · FY2025 | $4.02B | +11% y/y |
| Total Loans · FY2025 | $4.38B | -2% y/y |
| Total Deposits · FY2025 | $12.70B | -0% y/y |
| Total Assets · FY2025 | $14.09B | -1% y/y |
Risks flagged
Corporate Income Tax Implementation
“The Corporate Income Tax Act became effective on January 1, 2025 and there is an expectation of substantive revenue generation for the Bermuda Government” · word for word
9 Feb 20266-KButterfield reports Q4 2025 net income of $63.8M ($1.54/share), core net income $63.8M ($1.54/share). Full year net income $231.9M ($5.47/share), core $237.5M ($5.60/share). NIM 2.69%, ROE 22.7%. Dividend $0.50/share, new buyback authorizatopen
Figures in the filing · each found in the filing text
| Net Income · Consolidated · FY2025 | $232M | +7% y/y |
| Core Net Income · Consolidated · FY2025 | $238M | +9% y/y |
| Diluted EPS · Consolidated · FY2025 | $5.47 | +16% y/y |
| Core Diluted EPS · Consolidated · FY2025 | $5.60 | +17% y/y |
| Net Interest Margin · Consolidated · FY2025 | 2.7% | |
| Return on Average Common Equity · Consolidated · FY2025 | 21.7% | |
| Core Return on Average Tangible Common Equity · Consolidated · FY2025 | 24.2% | |
| Efficiency Ratio · Consolidated · FY2025 | 59.4% | |
| Core Efficiency Ratio · Consolidated · FY2025 | 58.5% | |
| Cost of Deposits · Consolidated · FY2025 | 1.5% |
Risks flagged
Net interest margin could face pressure if central banks continue to cut rates, but lower deposit costs provide some offset.
“NII relatively flat QoQ; NIM 2.69%; cost of deposits declining”
8 Dec 20256-KButterfield announces a new $140M share repurchase program for 2026, authorizing up to 3.0M shares, replacing a smaller 1.5M share program.open
Figures in the filing · each found in the filing text
| Share repurchase program amount · FY2026 | $140M | |
| Share repurchase authorization shares · FY2026 | 3,000,000 |
Risks flagged
Share repurchase program may be limited by market conditions and alternative capital investments.
“The timing and amount of any share repurchases will be determined by Bank management based on its evaluation of market conditions and other factors that include, but are not limited to, Butterfield’s share price and the availability of alternative capital investments.” · word for word
28 Oct 20256-KButterfield reports Q3 2025 net income $61.1M ($1.46/diluted share) vs prior quarter $53.3M ($1.25) and year-ago $52.7M ($1.16); core net income $63.3M ($1.51). NIM expanded to 2.73% from 2.64% QoQ and 2.61% YoY. Efficiency improved to 57.7open
Figures in the filing · each found in the filing text
| Net income · Q3-2025 | $61M | +16% y/y |
| Core net income · Q3-2025 | $63M | +20% y/y |
| Diluted EPS · Q3-2025 | $1.46 | +26% y/y |
| Core diluted EPS · Q3-2025 | $1.51 | +30% y/y |
| Net interest margin · Q3-2025 | 2.7% | |
| Cost of deposits · Q3-2025 | 1.5% | |
| Return on average common equity · Q3-2025 | 22.5% | |
| Core return on average tangible common equity · Q3-2025 | 25.5% | |
| Efficiency ratio · Q3-2025 | 57.7% | |
| Core efficiency ratio · Q3-2025 | 56.2% |
Risks flagged
Senior executive departure costs impacting non-core expenses.
“Included in salaries and other employee benefits are non-core expenses of $2.2 million which relates to costs associated with senior executive departures.” · word for word
The Bank of N.T. Butterfield & Son Limited — questions
- What did The Bank of N.T. Butterfield & Son Limited file recently?
- 14 SEC filings in the last 12 months. Latest: 6-K on 2026-09-18 — Annual general meeting voting results; all proposals approved, no material financial or operational impact.
Every figure on this page comes from The Bank of N.T. Butterfield & Son Limited's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.