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Bank of N.T. Butterfield & Son Limited Voting (NTB) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$56.38 +0.41% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $56.31

Bank of N.T. Butterfield & Son Limited Voting (NTB) carries a Roarable Rating of C (Hold) with 63/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

ROARABLE C • HOLD / WATCH Cap $2.25B
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is NTB stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, Bank of N.T. Butterfield & Son Limited Voting (NYSE: NTB) is rated C (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 63/100 at a spot price of $56.38 (+0.41% 1D, market cap $2.25B). Pillar breakdown: Fundamental Cash Engine 16/20, Institutional 13F & Options Flow 7/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 10/20, and Executive Insider Alignment 17/20. Across 1097 tracked Financials issuers, NTB ranks #304 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does NTB compare to BBAR and BLX in the Financials sector?
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Within the Financials sector (Commercial Banks), NTB carries a Roarable C (63/100 RQD), trailing P/E of 9.9x, gross margin of —, and ROIC of 20.3%. By comparison, BBAR (Banco BBVA Argentina S.A. ADS) holds a D- grade (43/100 RQD, P/E N/A, ROIC —, cap $2.37B) and BLX (Bladex Inc. Class E) posts a D- grade (43/100 RQD, P/E N/A, ROIC —, cap $1.84B). Among the 5-stock peer group, NTB leads on earnings multiple (9.9x) while NTB leads on capital efficiency (20.3% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for NTB?
▼

Per NTB's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001653242), Bank of N.T. Butterfield & Son Limited Voting generated $606.8M in revenue (+4.6% YoY), $231.9M in net income, and $279.6M in free cash flow against $14.09B in total assets and $0 in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $56.31 (-0.12%)🧬 Cannibal Buyback (-2.64% YoY Shares)⚙️ Cash Engine: 16/20 (B+) • 46.1% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record: Scores of 63/100 (C) historically posted market-perform odds over rolling 90-day windows (+0.9% avg 90D alpha vs SPY • 54.8% hit rate — wait for RQD ≥ 70 breakout).
Audit Bucket Track Record →
RQD QUANT TACHOMETERHOLD / WATCH • C
025507510063
JEV AI Jury Split (Battleground)
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw C+ · Rk D+
Cash (16)Whales (7)SEC (13)Macro (10)CEO (17)
Each axis scored 0–20
12M PRICE TARGET CONE+2.3% Base Target
$68 Bull$58 Base$45 Bear
📬 FREE NTB RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for NTB)Realized 20D OHLCV Swing Band: ±4%
Deterministic 5-Pillar Attribution (63/100 Composite)
🔍 WHY NTB SCORES 63/100 (C) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Insider Conviction & Share Dilution+17/20 pts (27% of score)

SEC Form 4 / 13F Thermometer: 85% Net Buy • Cannibal Buyback (-2.64% YoY Shares)

▲ #2 Bullish Driver: Cash Engine Quality+16/20 pts (25% of score)

SEC XBRL FY 2025 (10-K): 46.1% FCF Margin ($279.6M FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning7/20 pts (-13 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-13 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
71
Grade B$58.38+1.6% Next Q
Q2 (-2Q)
68
Grade B-$59.34+1.4% Next Q
Q3 (-1Q)
66
Grade B-$60.15-6.3% Next Q
Current
63
Grade C$56.38+0.9% Hist 90D α
Trajectory: B (71) → C (63)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the NTB Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 63/100 (C) score, NTB faces multiple-compression risk if 9.9x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Sensitive to high interest rates and tighter Federal Reserve market liquidity.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.64% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($58.88) or 200D SMA ($56.77) invalidates the momentum regime and cuts Target Base ($57.65) toward Bear Floor ($44.97).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $NTB• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “NTB Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 63%NO 37%Trade / Inspect Odds →
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How NTB Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$279.6M (46.1% FCF Margin)
Revenue$606.8MGross Profit $315.5M (52%)Cost of Sales $291.3MOp Profit $0 (0%)OpEx (R&D/SG&A) $315.5MNet Profit$231.9M (38.2%)Tax/Other $0

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $578.6M
FY24
Rev $579.9M
FY25
Rev $606.8M
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$606.8M52%0%$231.9M$279.6M20.3%
FY 2024$579.9M52%0%$216.3M$265.4M20.3%
FY 2023$578.6M52%0%$225.5M$300.3M20.3%
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring NTB)

  • ✓Walkthrough of NTB's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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NTB // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +2.96%▼ DESCENDING CHANNEL
2026-11-03O $57.30H $57.30L $56.15C $56.38VOL 175.7K
RES: $60.51SUP: $55.24SMA50: $58.88SMA200: $56.77
$65.27$60.71$56.15$51.59$47.02RES $60.51SUP $55.24$56.382026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

NTB Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 NTB Butterfly Map → + Track NTB →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
-1.4%/yr Implied 5Y Growth

vs. +4.6% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on NTB today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for NTB. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for NTB today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (NTB)

Financials Rank #304 of 1097 ⚔️ BBAR vs NTB Full Matrix →

1. Head-to-Head Financials Peer Comparison (NTB vs. BBAR, BLX, INTR, ESQ)

Industry: Commercial Banks (34 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, Bank of N.T. Butterfield & Son Limited Voting (NTB) ranks #304 by composite RQD confidence (63/100, grade C) and #411 by equity capitalization ($2.25B). Within this direct 5-issuer industry benchmark cohort, NTB leads on earnings valuation at 9.9x trailing P/E, while NTB leads on capital efficiency and profitability with 20.3% ROIC and — gross margin. NTB currently leads its immediate peer cohort in composite quantitative strength at 63/100 (C).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
NTB ACTIVE
Bank of N.T. Butterfield & Son Limited Voting
C 63/100 9.9x — 20.3% +0.41% $2.25B Benchmark Subject
BBAR
Banco BBVA Argentina S.A. ADS
D- 43/100 — — — -2.84% $2.37B /bbar-vs-ntb →
BLX
Bladex Inc. Class E
D- 43/100 — — — +3.62% $1.84B /blx-vs-ntb →
INTR
Inter & Co. Inc. (Class A)
D 45/100 — — — +0.50% $1.77B /intr-vs-ntb →
ESQ
Esquire Financial Holdings Inc.
C- 60/100 — — — -0.50% $1.51B /esq-vs-ntb →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001653242 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Bank of N.T. Butterfield & Son Limited Voting (NTB) reported GAAP revenue of $606.8M (+4.6% vs. FY2024 revenue of $579.9M , and +4.9% cumulative change since FY2023) , GAAP net income of $231.9M, operating cash flow of $279.6M, and free cash flow of $279.6M (+5.3% YoY). On the balance sheet, NTB closed FY2025 with $14.09B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 6/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $606.8M $231.9M $279.6M $279.6M $14.09B —
FY2024 (FY) 2024-12-31 $579.9M $216.3M $265.4M $265.4M $14.23B —
FY2023 (FY) 2023-12-31 $578.6M $225.5M $300.3M $300.3M — —

3. NTB Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is NTB stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Bank of N.T. Butterfield & Son Limited Voting (NYSE: NTB) is rated C (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 63/100 at a spot price of $56.38 (+0.41% 1D, market cap $2.25B). Pillar breakdown: Fundamental Cash Engine 16/20, Institutional 13F & Options Flow 7/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 10/20, and Executive Insider Alignment 17/20. Across 1097 tracked Financials issuers, NTB ranks #304 in composite RQD confidence.

How does NTB compare to BBAR and BLX in the Financials sector?

Within the Financials sector (Commercial Banks), NTB carries a Roarable C (63/100 RQD), trailing P/E of 9.9x, gross margin of —, and ROIC of 20.3%. By comparison, BBAR (Banco BBVA Argentina S.A. ADS) holds a D- grade (43/100 RQD, P/E N/A, ROIC —, cap $2.37B) and BLX (Bladex Inc. Class E) posts a D- grade (43/100 RQD, P/E N/A, ROIC —, cap $1.84B). Among the 5-stock peer group, NTB leads on earnings multiple (9.9x) while NTB leads on capital efficiency (20.3% ROIC).

What are the biggest fundamental strengths and SEC risk factors for NTB?

Per NTB's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001653242), Bank of N.T. Butterfield & Son Limited Voting generated $606.8M in revenue (+4.6% YoY), $231.9M in net income, and $279.6M in free cash flow against $14.09B in total assets and $0 in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Institutional options positioning shows a 50% call / 50% put premium split.

Where is NTB trading relative to its 50-day, 200-day, and 52-week technical levels?

NTB last traded at $56.38 (+0.41% on volume of 213,351 shares), positioning the stock -4.25% below its 50-day simple moving average ($58.88) and -0.69% below its 200-day simple moving average ($56.77). Across its 52-week range of $44.36 to $64.17, NTB sits at the 60.7% percentile with a 14-day RSI of 37.0 (NEUTRAL RANGE) and an implied next-earnings move of ±4.0% ($54.12 to $58.64).

Direct Sub-Reports: NTB RQD Cockpit NTB 12M Forecast NTB Earnings & Move NTB Dividends & DRIP NTB Insiders & 13F NTB Whale Options NTB Profit Sankey NTB News & Why
ROARABLE RATING BRIEF • RQD 63/100 (C) ✓ SEC XBRL & RQD VERIFIED

NTB — Bank of N.T. Butterfield & Son Limited Voting: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Bank of N.T. Butterfield & Son Limited Voting (NTB) earns a live Roarable RQD composite score of 63/100, corresponding to a C letter grade (Roarable Hold) at a spot price of $56.38 (+0.41% 1D, market capitalization $2.25B).

  • Fundamental Cash Engine (16/20): Anchored by return on invested capital (ROIC) of 20.3%, gross margin of —, operating margin of —, and free cash flow yield of 12.20%.
  • Whale 13F & Options Flow (7/20) + Insider Conviction (17/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (10/20) + Forensic Balance Sheet (13/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 6/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Per the Financials sector and Commercial Banks industry classification, NTB is a NYSE-listed issuer with a market capitalization of $2.3B..

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Bank of N.T. Butterfield & Son Limited Voting (NTB) reported $606.8M in annual revenue (up from $579.9M in FY2024, +4.6% YoY) and $231.9M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($578.6M revenue, $225.5M net income) through FY2025, NTB scaled operating cash flow to $279.6M and free cash flow to $279.6M, backed by $14.09B in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (C • RQD 63/100): Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks. Company leadership has skin in the game with net positive insider conviction. With Fundamental Cash Engine at 16/20 and Institutional Whale Flow at 7/20, sustained execution supports upside toward the upper end of the $44.36 – $64.17 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Investors must weigh 9.9x trailing P/E against — operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in Commercial Banks (Financials), NTB carries a macro regime beta of 1.00 and gross margin of —.

  • Key Question #1: Can NTB sustain or expand its — operating margin and 20.3% ROIC against Commercial Banks peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $606.8M and free cash flow of $279.6M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is NTB's 9.2x forward P/E multiple to Financials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

NTB Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Bank of N.T. Butterfield & Son Limited Voting (NTB) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to NTB Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

NTB Bull vs. Bear Conversation Board — What's Your Call at $56.38?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON NTB 🐻 33% BEARISH CONVICTION
1. Pick Your Side on NTB:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
MA MacroHawk_NYC RQD DEBATE OPENER • Cross-Asset Macro Desk 🐂 BULLISH 🎯 Target: $67.94 (+21.0%)
📌 Pinned Debate

NTB combines a 20.3% ROIC and 12.2% FCF yield with a 9.9 P/E (TTM), signaling strong cash generation at a low multiple.

NTB combines a 20.3% ROIC and 12.2% FCF yield with a 9.9 P/E (TTM), signaling strong cash generation at a low multiple.. When you look under the hood at NTB, Fundamental Cash Engine is 16/20 with 0.0% gross margins and 20.3% ROIC. Bears are staring in the rearview mirror while institutional 13F flow (7/20) has been quietly accumulating below $64.17. My 12M target is $67.94.

RetailWhale_TX 🐂 BULL

@FadeTheHype Shorting a 7/20 institutional whale-flow stock at $56.15 is dangerous when funds are rotating into Financials.

FA FadeTheHype RQD DEBATE OPENER • Contrarian Tape Reader 🐻 BEARISH 🎯 Target: $46.60 (-17.0%)
Spot @ $56.15

Whale 13F flow scores just 7 of 20 and the balance sheet grades only 13 of 20, leaving institutional support and financial resilience w

Careful chasing NTB at $56.15. Whale 13F flow scores just 7 of 20 and the balance sheet grades only 13 of 20, leaving institutional support and financial resilience weak.. Gross margin is 0.0%, but operating margin is 0.0%, which shows SG&A and reinvestment are eating into bottom-line EPS. Target $46.60 on multiple compression.

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