Bank of N.T. Butterfield & Son Ltd (NTB) - Net Assets
Based on the latest financial reports, Bank of N.T. Butterfield & Son Ltd (NTB) has net assets worth $1.14 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.42 Billion) and total liabilities ($13.29 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 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.14 Billion |
| % of Total Assets | 7.88% |
| Annual Growth Rate | 6.01% |
| 5-Year Change | 16.89% |
| 10-Year Change | 60.62% |
| Growth Volatility | 26.62 |
Bank of N.T. Butterfield & Son Ltd - Net Assets Trend (1999–2025)
This chart illustrates how Bank of N.T. Butterfield & Son Ltd's net assets have evolved over time, based on quarterly financial data. See NTB defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bank of N.T. Butterfield & Son Ltd (1999–2025)
The table below shows the annual net assets of Bank of N.T. Butterfield & Son Ltd from 1999 to 2025. For live valuation and market cap data, see Bank of N.T. Butterfield & Son Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.14 Billion | +11.87% |
| 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 | -6.30% |
| 2012-12-31 | $857.17 Million | +3.22% |
| 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 108.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $494.38 Million | 43.29% |
| Common Stock | $399.00K | 0.03% |
| Other Comprehensive Income | $-204.16 Million | -17.88% |
| Other Components | $851.37 Million | 74.55% |
| Total Equity | $1.14 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 |
|---|---|
|
Beijing Toread Outdoor Product
SHE:300005
|
$2.21 Billion |
|
Hefei Urban Construction Development Co Ltd
SHE:002208
|
$2.21 Billion |
|
Freshworks Inc
NASDAQ:FRSH
|
$2.21 Billion |
|
Avepoint Inc
NASDAQ:AVPT
|
$2.21 Billion |
|
Bank of Xi'An Co Ltd
SHG:600928
|
$2.20 Billion |
|
Badger Infrastructure Solutions Ltd
TO:BDGI
|
$2.20 Billion |
|
89bio Inc
NASDAQ:ETNB
|
$2.20 Billion |
|
Hilltop Holdings Inc
NYSE:HTH
|
$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 2024 to 2025, total equity changed from 1,020,812,000 to 1,142,000,000, a change of 121,188,000 (11.9%).
- Net income of 231,900,000 contributed positively to equity growth.
- Dividend payments of 77,723,000 reduced retained earnings.
- Share repurchases of 146,686,000 reduced equity.
- Other comprehensive income increased equity by 91,260,000.
- Other factors increased equity by 22,437,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $231.90 Million | +20.31% |
| Dividends Paid | $77.72 Million | -6.81% |
| Share Repurchases | $146.69 Million | -12.84% |
| Other Comprehensive Income | $91.26 Million | +7.99% |
| Other Changes | $22.44 Million | +1.96% |
| Total Change | $- | 11.87% |
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: 2.18x
- 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 3.80x to 2.18x 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 | $15.41 | $58.58 | x |
| 2013-12-31 | $14.51 | $58.58 | x |
| 2014-12-31 | $17.93 | $58.58 | x |
| 2015-12-31 | $15.84 | $58.58 | x |
| 2016-12-31 | $14.33 | $58.58 | x |
| 2017-12-31 | $14.84 | $58.58 | x |
| 2018-12-31 | $15.82 | $58.58 | x |
| 2019-12-31 | $17.97 | $58.58 | x |
| 2020-12-31 | $19.31 | $58.58 | x |
| 2021-12-31 | $19.59 | $58.58 | x |
| 2022-12-31 | $17.35 | $58.58 | x |
| 2023-12-31 | $20.37 | $58.58 | x |
| 2024-12-31 | $22.65 | $58.58 | x |
| 2025-12-31 | $26.92 | $58.58 | 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): 20.31%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.99%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 12.34x
- Recent ROE (20.31%) is above the historical average (15.26%), 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 | 10.43x | $-86.72 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 | $114.23 Million |
| 2025 | 20.31% | 28.99% | 0.06x | 12.34x | $117.70 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: $909,140,146,839
- Average return on equity (ROE) among peers: 10.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bank of N.T. Butterfield & Son Ltd (NTB) | $1.14 Billion | 16.13% | 11.70x | $2.21 Billion |
| Bank of America Corp (BAC) | $236.96 Billion | 1.16% | 8.33x | $391.45 Billion |
| Banco Bilbao Viscaya Argentaria SA ADR (BBVA) | $4.72 Billion | 11.12% | 14.24x | $122.53 Billion |
| The Bank of New York Mellon Corporation (BK) | $2.79 Billion | 7.63% | 15.97x | $89.57 Billion |
| Citigroup Inc. (C) | $3.28 Billion | 14.60% | 5.57x | $214.65 Billion |
| ING Group NV ADR (ING) | $25.56 Billion | 17.94% | 26.63x | $80.23 Billion |
| JPMorgan Chase & Co (JPM) | $11.91 Billion | 24.84% | 14.36x | $838.59 Billion |
| Mitsubishi UFJ Financial Group Inc ADR (MUFG) | $2.63 Trillion | -8.24% | 34.93x | $194.79 Billion |
| Banco Santander SA ADR (SAN) | $42.01 Billion | 14.81% | 18.24x | $167.40 Billion |
| Sumitomo Mitsui Financial Group Inc (SMFG) | $5.22 Trillion | 8.83% | 20.43x | $130.14 Billion |
About 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 offers retail and corporate checking, savings, and term deposits. It also provides lending products and services, including residential mortgage lending, automobile lending, credit cards, consumer financing, overdraft f… Read more