Bank of N.T. Butterfield & Son (NYSE:NTB) Issues Earnings Results

Bank of N.T. Butterfield & Son (NYSE:NTB) released its earnings results on Monday. The bank reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.07, FiscalAI reports. The firm had revenue of $159.00 million during the quarter, compared to analyst estimates of $156.94 million. Bank of N.T. Butterfield & Son had a net margin of 29.34% and a return on equity of 22.54%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 earnings per share.

Bank of N.T. Butterfield & Son Stock Down 1.0%

NYSE:NTB opened at $60.12 on Wednesday. The business’s 50-day moving average price is $58.95 and its 200 day moving average price is $55.02. The firm has a market cap of $2.52 billion, a P/E ratio of 10.57 and a beta of 0.51. Bank of N.T. Butterfield & Son has a 52-week low of $40.59 and a 52-week high of $62.46.

Bank of N.T. Butterfield & Son Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 12th. Bank of N.T. Butterfield & Son’s payout ratio is presently 34.60%.

Bank of N.T. Butterfield & Son News Roundup

Here are the key news stories impacting Bank of N.T. Butterfield & Son this week:

• Positive Sentiment: Adjusted earnings and revenue exceeded expectations. Second-quarter adjusted EPS was $1.58, above the $1.51 consensus estimate, while revenue of $159 million topped expectations of $156.94 million and increased 8.2% year over year. Adjusted earnings also improved from $1.26 a year earlier. Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Core performance remained solid. Management highlighted strong core net income, while profitability metrics remained robust, including a reported 22.54% return on equity and 29.34% net margin. Q2 2026 Earnings Call Highlights
• Positive Sentiment: Shareholder returns continue. Butterfield declared a quarterly dividend of $0.50 per share, equivalent to a 3.3% annualized yield at the reported rate. Butterfield Reports Second Quarter 2026 Results
• Neutral Sentiment: CIBC Caribbean transaction adds growth potential but execution uncertainty. Butterfield outlined a proposed acquisition expected to create a bank with approximately $29 billion in assets, with closing projected for the first half of 2027. The deal could expand scale and regional reach, but investors will monitor regulatory approval, integration costs and capital requirements. Butterfield Outlines CIBC Caribbean Deal
• Negative Sentiment: Headline GAAP profit declined. Net income fell to $46.9 million, or $1.16 per diluted share, from $62.6 million, or $1.53 per share, in the prior quarter and $53.3 million, or $1.25 per share, a year earlier. This decline may be overshadowing the adjusted EPS beat. Second Quarter 2026 Results

Analyst Ratings Changes

NTB has been the subject of several research reports. Zacks Research lowered shares of Bank of N.T. Butterfield & Son from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wells Fargo & Company increased their price objective on shares of Bank of N.T. Butterfield & Son from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, June 8th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Bank of N.T. Butterfield & Son in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.50.

Insider Transactions at Bank of N.T. Butterfield & Son

In other news, CEO Michael W. Collins sold 20,621 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $58.77, for a total transaction of $1,211,896.17. Following the completion of the transaction, the chief executive officer owned 60,622 shares in the company, valued at approximately $3,562,754.94. This trade represents a 25.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark T. Lynch acquired 10,000 shares of Bank of N.T. Butterfield & Son stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $56.49 per share, with a total value of $564,900.00. Following the transaction, the director owned 234,794 shares in the company, valued at approximately $13,263,513.06. This represents a 4.45% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 60,621 shares of company stock valued at $3,557,496 over the last three months. 1.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. boosted its stake in shares of Bank of N.T. Butterfield & Son by 5.6% during the 3rd quarter. Raymond James Financial Inc. now owns 6,162 shares of the bank’s stock worth $264,000 after acquiring an additional 328 shares in the last quarter. Cerity Partners LLC raised its position in shares of Bank of N.T. Butterfield & Son by 3.2% during the second quarter. Cerity Partners LLC now owns 14,779 shares of the bank’s stock worth $654,000 after purchasing an additional 457 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Bank of N.T. Butterfield & Son by 204.3% during the second quarter. EverSource Wealth Advisors LLC now owns 779 shares of the bank’s stock worth $34,000 after purchasing an additional 523 shares during the period. Commonwealth Equity Services LLC increased its stake in Bank of N.T. Butterfield & Son by 2.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 23,952 shares of the bank’s stock worth $1,193,000 after purchasing an additional 532 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its holdings in shares of Bank of N.T. Butterfield & Son by 1.6% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 33,833 shares of the bank’s stock valued at $1,686,000 after acquiring an additional 540 shares during the period. Institutional investors own 62.73% of the company’s stock.

Bank of N.T. Butterfield & Son Company Profile

Bank of N.T. Butterfield & Son Limited, commonly known as Butterfield, is a Bermuda-based provider of banking and wealth management services. Founded in 1858, the firm has grown from a local colonial bank into an international financial institution. With a focus on personalized client service, Butterfield offers a comprehensive suite of banking and fiduciary solutions to private individuals, families, and corporate clients.

The bank’s core activities include private banking, retail and commercial lending, trust and corporate administration, and fund services.