Bank of N.T. Butterfield & Son Ltd (NTB) - Net Assets

Latest 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. Check NTB cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Bank of N.T. Butterfield & Son Ltd asset portfolio for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Bank of N.T. Butterfield & Son Ltd market capitalisation.

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
Alleima AB (publ)
ST:ALLEI
 $2.21 Billion
Mach Natural Resources LP
NYSE:MNR
 $2.21 Billion
China-Singapore Suzhou Industrial Park Development Group Co Ltd
SHG:601512
 $2.21 Billion
Pharma Reaserch Prod Co Ltd
KQ:214450
 $2.21 Billion
89bio Inc
NASDAQ:ETNB
 $2.20 Billion
Opple Lighting Co Ltd
SHG:603515
 $2.20 Billion
Quaker Chemical Corporation
NYSE:KWR
 $2.20 Billion
Autohome Inc
NYSE:ATHM
 $2.20 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: 2.46x
  • 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 3.61x to 2.46x 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 $55.63 x
2013-12-31 $14.51 $55.63 x
2014-12-31 $17.93 $55.63 x
2015-12-31 $15.84 $55.63 x
2016-12-31 $14.33 $55.63 x
2017-12-31 $14.84 $55.63 x
2018-12-31 $15.82 $55.63 x
2019-12-31 $17.97 $55.63 x
2020-12-31 $19.31 $55.63 x
2021-12-31 $19.59 $55.63 x
2022-12-31 $17.35 $55.63 x
2023-12-31 $20.37 $55.63 x
2024-12-31 $22.65 $55.63 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: $1,644,899,261,081
  • Average return on equity (ROE) among peers: 8.26%

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 $2.20 Billion
Bank of America Corp (BAC) $231.44 Billion 2.71% 8.64x $349.79 Billion
Banco Bilbao Viscaya Argentaria SA ADR (BBVA) $20.47 Billion 10.86% 13.00x $122.53 Billion
The Bank of New York Mellon Corporation (BK) $7.65 Billion 18.67% 9.08x $80.26 Billion
Citigroup Inc (C) $202.27 Billion -3.36% 8.11x $223.34 Billion
ING Group NV ADR (ING) $36.13 Billion 13.66% 12.68x $80.23 Billion
JPMorgan Chase & Co (JPM) $294.13 Billion 16.43% 11.73x $838.59 Billion
Mitsubishi UFJ Financial Group Inc ADR (MUFG) $3.20 Trillion 1.11% 21.48x $194.79 Billion
Banco Santander SA ADR (SAN) $29.30 Billion 7.73% 10.94x $167.40 Billion
Sumitomo Mitsui Financial Group Inc (SMFG) $10.78 Trillion 6.53% 19.39x $130.14 Billion

About Bank of N.T. Butterfield & Son Ltd

NYSE:NTB USA Banks - Diversified
Market Cap
$2.29 Billion
Market Cap Rank
#5900 Global
#1797 in USA
Share Price
$55.63
Change (1 day)
+0.32%
52-Week Range
$40.77 - $56.61
All Time High
$56.61
Categories
Companies in USA Banks - Diversified Banking & Financial
About

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