Bank of N.T. Butterfield & Son Ltd
The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. The company accepts retail and corporate checking, savings, term, and interest bearing and non-interest-bearing deposits. Its lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit c… Read more
Bank of N.T. Butterfield & Son Ltd (NTB) - Net Assets
Latest net assets as of September 2025: $1.11 Billion USD
Based on the latest financial reports, Bank of N.T. Butterfield & Son Ltd (NTB) has net assets worth $1.11 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.09 Billion) and total liabilities ($12.98 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.11 Billion |
| % of Total Assets | 7.85% |
| Annual Growth Rate | 5.79% |
| 5-Year Change | 3.95% |
| 10-Year Change | 36.04% |
| Growth Volatility | 27.14 |
Bank of N.T. Butterfield & Son Ltd - Net Assets Trend (1999–2024)
This chart illustrates how Bank of N.T. Butterfield & Son Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bank of N.T. Butterfield & Son Ltd (1999–2024)
The table below shows the annual net assets of Bank of N.T. Butterfield & Son Ltd from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.02 Billion | +1.72% |
| 2023-12-31 | $1.00 Billion | +16.02% |
| 2022-12-31 | $865.00 Million | -11.46% |
| 2021-12-31 | $977.00 Million | -0.51% |
| 2020-12-31 | $982.00 Million | +1.87% |
| 2019-12-31 | $964.00 Million | +9.30% |
| 2018-12-31 | $882.00 Million | +7.17% |
| 2017-12-31 | $823.00 Million | +15.75% |
| 2016-12-31 | $711.00 Million | -5.24% |
| 2015-12-31 | $750.35 Million | -11.66% |
| 2014-12-31 | $849.37 Million | +5.75% |
| 2013-12-31 | $803.18 Million | -6.37% |
| 2012-12-31 | $857.84 Million | +3.30% |
| 2011-12-31 | $830.44 Million | +2.52% |
| 2010-12-31 | $810.00 Million | +127.87% |
| 2009-12-31 | $355.46 Million | -31.44% |
| 2008-12-31 | $518.44 Million | -17.62% |
| 2007-12-31 | $629.33 Million | +14.52% |
| 2006-12-31 | $549.55 Million | +10.97% |
| 2005-12-31 | $495.23 Million | +15.70% |
| 2004-12-31 | $428.03 Million | +8.38% |
| 2003-12-31 | $394.93 Million | +16.57% |
| 2002-12-31 | $338.80 Million | +1.08% |
| 2001-12-31 | $335.17 Million | +16.98% |
| 2000-12-31 | $286.52 Million | +14.52% |
| 1999-12-31 | $250.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bank of N.T. Butterfield & Son Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 78.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $422.46 Million | 41.38% |
| Common Stock | $435.00K | 0.04% |
| Other Comprehensive Income | $-295.42 Million | -28.94% |
| Other Components | $893.33 Million | 87.51% |
| Total Equity | $1.02 Billion | 100.00% |
Bank of N.T. Butterfield & Son Ltd Competitors by Market Cap
The table below lists competitors of Bank of N.T. Butterfield & Son Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nien Made Enterprise Co Ltd
TW:8464
|
$2.02 Billion |
|
Suntory Beverage & Food Ltd
PINK:STBFY
|
$2.02 Billion |
|
JK Cement Limited
NSE:JKCEMENT
|
$2.02 Billion |
|
OneStream, Inc. Class A Common Stock
NASDAQ:OS
|
$2.02 Billion |
|
Formosa Petrochemical Corp
TW:6505
|
$2.02 Billion |
|
Robert Half International Inc
NYSE:RHI
|
$2.02 Billion |
|
Civitas Resources Inc
NYSE:CIVI
|
$2.02 Billion |
|
Wilson Bank Holding Company
PINK:WBHC
|
$2.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bank of N.T. Butterfield & Son Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,003,597,000 to 1,020,812,000, a change of 17,215,000 (1.7%).
- Net income of 216,300,000 contributed positively to equity growth.
- Dividend payments of 79,581,000 reduced retained earnings.
- Share repurchases of 155,305,000 reduced equity.
- Other comprehensive income increased equity by 14,783,000.
- Other factors increased equity by 21,018,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $216.30 Million | +21.19% |
| Dividends Paid | $79.58 Million | -7.8% |
| Share Repurchases | $155.31 Million | -15.21% |
| Other Comprehensive Income | $14.78 Million | +1.45% |
| Other Changes | $21.02 Million | +2.06% |
| Total Change | $- | 1.72% |
Book Value vs Market Value Analysis
This analysis compares Bank of N.T. Butterfield & Son Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.24x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.29x to 2.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $15.42 | $50.67 | x |
| 2013-12-31 | $14.51 | $50.67 | x |
| 2014-12-31 | $17.93 | $50.67 | x |
| 2015-12-31 | $15.84 | $50.67 | x |
| 2016-12-31 | $14.33 | $50.67 | x |
| 2017-12-31 | $14.84 | $50.67 | x |
| 2018-12-31 | $15.82 | $50.67 | x |
| 2019-12-31 | $17.97 | $50.67 | x |
| 2020-12-31 | $19.31 | $50.67 | x |
| 2021-12-31 | $19.59 | $50.67 | x |
| 2022-12-31 | $17.35 | $50.67 | x |
| 2023-12-31 | $20.37 | $50.67 | x |
| 2024-12-31 | $22.65 | $50.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bank of N.T. Butterfield & Son Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.19%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.49%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 13.94x
- Recent ROE (21.19%) is above the historical average (15.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 16.13% | 11.62% | 0.07x | 19.16x | $15.33 Million |
| 2000 | 21.20% | 16.36% | 0.07x | 18.14x | $32.09 Million |
| 2001 | 24.29% | 26.63% | 0.05x | 17.12x | $47.90 Million |
| 2002 | 11.05% | 26.54% | 0.02x | 17.73x | $3.55 Million |
| 2003 | 19.37% | 27.23% | 0.04x | 19.45x | $37.00 Million |
| 2004 | 21.14% | 24.89% | 0.04x | 20.16x | $47.66 Million |
| 2005 | 22.08% | 22.72% | 0.05x | 18.57x | $59.83 Million |
| 2006 | 24.40% | 19.84% | 0.06x | 20.26x | $79.13 Million |
| 2007 | 23.20% | 17.77% | 0.07x | 18.93x | $83.06 Million |
| 2008 | 0.93% | 0.80% | 0.06x | 21.05x | $-47.01 Million |
| 2009 | 0.00% | 0.00% | 0.02x | 26.99x | $-35.55 Million |
| 2010 | 0.00% | 0.00% | 0.01x | 11.88x | $-81.00 Million |
| 2011 | 2.31% | 5.52% | 0.04x | 10.63x | $-63.84 Million |
| 2012 | -0.12% | -0.30% | 0.04x | 10.30x | $-86.79 Million |
| 2013 | 7.27% | 17.10% | 0.04x | 11.04x | $-21.90 Million |
| 2014 | 12.73% | 27.74% | 0.04x | 11.61x | $23.22 Million |
| 2015 | 10.36% | 20.78% | 0.04x | 13.69x | $2.70 Million |
| 2016 | 16.30% | 28.48% | 0.04x | 15.62x | $44.80 Million |
| 2017 | 18.63% | 34.16% | 0.04x | 13.10x | $71.00 Million |
| 2018 | 22.13% | 38.21% | 0.05x | 12.21x | $107.00 Million |
| 2019 | 18.37% | 33.28% | 0.04x | 14.44x | $80.67 Million |
| 2020 | 14.99% | 29.32% | 0.03x | 15.01x | $49.02 Million |
| 2021 | 16.65% | 31.19% | 0.03x | 15.70x | $64.97 Million |
| 2022 | 24.74% | 35.29% | 0.04x | 16.54x | $127.52 Million |
| 2023 | 22.47% | 29.60% | 0.06x | 13.33x | $125.13 Million |
| 2024 | 21.19% | 26.49% | 0.06x | 13.94x | $114.22 Million |
Industry Comparison
This section compares Bank of N.T. Butterfield & Son Ltd's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $245,254,219,103
- Average return on equity (ROE) among peers: 10.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bank of N.T. Butterfield & Son Ltd (NTB) | $1.11 Billion | 16.13% | 11.74x | $2.02 Billion |
| ABN AMRO Bank N.V (AAVMY) | $27.04 Billion | 8.33% | 14.28x | $11.03 Billion |
| Agricultural Bank of China PK (ACGBY) | $290.54 Billion | 17.72% | 23.14x | $259.69 Billion |
| ANZ Group Holdings Limited (ANZGY) | $70.02 Billion | 10.15% | 14.79x | $48.69 Billion |
| Bank of America Corp (BAC) | $270.07 Billion | 11.84% | 10.74x | $338.02 Billion |
| Bank of China Ltd H (BACHF) | $861.54 Billion | 16.21% | 13.72x | $77.92 Billion |
| Banco Bilbao Vizcaya Argentaria S.A (BBVXF) | $4.73 Billion | 9.43% | 14.29x | $81.72 Billion |
| Banco Santander S.A (BCDRF) | $73.87 Billion | 12.11% | 14.03x | $86.81 Billion |
| Barclays PLC (BCLYF) | $808.57 Billion | 0.43% | 0.14x | $42.51 Billion |
| Bancorp. of Southern Indiana (BCSO) | $46.62 Million | 6.99% | 9.62x | $74.68 Million |
| The Bank of New York Mellon Corporation (BK) | $46.12 Billion | 7.84% | 9.18x | $79.57 Billion |