NTBNYSECommercial Banks, NECFiscal year ends December 31
Bank of N.T. Butterfield & Son Ltd
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Feb 18, 2026
$58.35−0.30 (-0.51%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 10.7
- Dividend yield
- 3.22%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
72.4%
29M of 40M shares
Institutional holders
251
29 new, 18 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
1 buys · 15 sales
Net sold $22.51M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 2,802,975 | 5.80% | 13G (passive) amendment | Dec 31, 2023 |
| FMR LLC | 2,717,903 | 5.65% | 13G (passive) amendment | Feb 9, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NTB | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| FMR LLC | 2,562,626 | 6.41% | $152.48M | −41,400 | 0.01% |
| BlackRock, Inc. | 2,386,844 | 5.97% | $142.02M | +84,075 | 0.00% |
| Rovida Investment Management Ltd | 1,793,437 | 4.49% | $106.71M | – | 7.28% |
| American Century Companies Inc | 1,725,376 | 4.32% | $102.66M | +76,518 | 0.05% |
| Dimensional Fund Advisors LP | 1,597,818 | 4.00% | $95.07M | +2,312 | 0.02% |
| Lsv Asset Management | 1,417,694 | 3.55% | $84.35K | +104,664 | 0.15% |
| Nomura Asset Management International Inc. | 1,223,323 | 3.06% | $72.79M | −25,745 | 0.11% |
| Davis Selected Advisers | 1,012,140 | 2.53% | $60.22M | −60,989 | 0.26% |
| Nuveen, LLC | 881,934 | 2.21% | $52.48M | −24,586 | 0.01% |
| Invesco Ltd. | 879,725 | 2.20% | $52.34M | +119,208 | 0.00% |
| Vanguard Portfolio Management LLC | 750,389 | 1.88% | $44.65M | −4,037 | 0.00% |
| Hotchkis & Wiley Capital Management LLC | 745,400 | 1.87% | $44.35M | −59,330 | 0.13% |
| State Street Corp | 700,852 | 1.75% | $41.70M | +1,609 | 0.00% |
| Geode Capital Management, LLC | 550,947 | 1.38% | $32.78M | +35,008 | 0.00% |
| JPMorgan Chase & Co | 539,442 | 1.35% | $32.11M | −91,650 | 0.00% |
| Victory Capital Management Inc | 438,366 | 1.10% | $26.08M | −1,281 | 0.01% |
| Royce & Associates LP | 434,059 | 1.09% | $25.83M | +675 | 0.21% |
| Federated Hermes, Inc. | 421,184 | 1.05% | $25.06M | +162,697 | 0.04% |
| Aqr Capital Management LLC | 411,139 | 1.03% | $24.46M | +11,335 | 0.01% |
| Bragg Financial Advisors, Inc | 370,899 | 0.93% | $22.07M | +215,361 | 0.59% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 251 | 29M | 72.4% | 29 / 93 | 79 / 18 | 2M | 2M |
| Q1 2026 | 245 | 29M | 73.0% | 40 / 101 | 69 / 14 | 3M | 2M |
| Q4 2025 | 222 | 29M | 72.4% | 34 / 84 | 76 / 25 | 4M | 5M |
| Q3 2025 | 217 | 30M | 75.8% | 31 / 82 | 63 / 15 | 3M | 2M |
| Q2 2025 | 203 | 30M | 75.4% | 26 / 66 | 75 / 14 | 1M | 2M |
| Q1 2025 | 193 | 31M | 76.4% | 18 / 69 | 68 / 19 | 3M | 2M |
| Q4 2024 | 195 | 31M | 77.4% | 29 / 73 | 64 / 15 | 4M | 4M |
| Q3 2024 | 181 | 32M | 79.2% | 32 / 71 | 47 / 16 | 5M | 1M |
| Q2 2024 | 167 | 31M | 76.4% | 24 / 43 | 68 / 18 | 2M | 3M |
| Q1 2024 | 162 | 31M | 78.3% | 23 / 52 | 63 / 20 | 2M | 4M |
| Q4 2023 | 161 | 33M | 82.0% | 28 / 47 | 66 / 11 | 4M | 4M |
| Q3 2023 | 145 | 32M | 80.8% | 12 / 56 | 57 / 16 | 2M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NTB | Value | % of fund | As of |
|---|---|---|---|---|---|
| Avantis U.S. Small Cap Value ETF | 1,401,874 | 3.51% | $79.15M | 0.29% | May 31, 2026 |
| College Retirement Equities Fund - Total Global Stock Account | 382,647 | 0.96% | $22.77M | 0.02% | Jun 30, 2026 |
| Invesco Main Street Small Cap Fund | 325,895 | 0.82% | $19.39M | 0.73% | Jun 30, 2026 |
| Davis Financial Fund | 302,372 | 0.76% | $17.99M | 1.55% | Jun 30, 2026 |
| Victory RS Partners Fund | 277,080 | 0.69% | $16.49M | 2.42% | Jun 30, 2026 |
| Nuveen Quant Small Cap Equity Fund | 238,721 | 0.60% | $14.63M | 0.36% | Jul 31, 2026 |
| FPA Queens Road Small Cap Value Fund | 228,738 | 0.57% | $12.91M | 0.96% | May 31, 2026 |
| Dimensional U.S. Targeted Value ETF | 219,937 | 0.55% | $13.48M | 0.09% | Jul 31, 2026 |
| Vanguard Russell 2000 Index Fund | 214,307 | 0.54% | $12.10M | 0.07% | May 31, 2026 |
| Invesco V.I. Main Street Small Cap Fund | 181,615 | 0.45% | $10.81M | 0.75% | Jun 30, 2026 |
| Vanguard High Dividend Yield Index Fund | 159,108 | 0.40% | $9.75M | 0.01% | Jul 31, 2026 |
| Davis Select Financial ETF | 148,849 | 0.37% | $9.12M | 1.90% | Jul 31, 2026 |
| Nuveen Quant Small/Mid Cap Equity Fund | 145,864 | 0.37% | $8.94M | 0.33% | Jul 31, 2026 |
| Vanguard Explorer Fund | 142,747 | 0.36% | $8.75M | 0.04% | Jul 31, 2026 |
| Dimensional U.S. Small Cap ETF | 131,671 | 0.33% | $8.07M | 0.05% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Jody Terence Feldman | Managing Director, Bermuda | 5,713 | 0.01% | Aug 27, 2026 |
| Richard Saunders | Managing Director, CIUK | 0 | – | Aug 27, 2026 |
| Andrew Ronald Burns | Chief Risk Officer, Cayman | 0 | – | Aug 27, 2026 |
| Tara Hidalgo | Chief Risk Officer | 0 | – | Aug 27, 2026 |
| Kevin Dallas | Head of Marketing | 15,834 | 0.04% | Aug 27, 2026 |
| Michael Walter Neff | Chief Operating Officer | 43,218 | 0.11% | Aug 27, 2026 |
| Michael Schrum | Chief Financial Officer | 275,247 | 0.69% | Aug 27, 2026 |
| Jane Pearce | Managing Director, Trust | 0 | – | Aug 27, 2026 |
| Michael McWatt | Managing Director, Cayman | 13,544 | 0.03% | Aug 27, 2026 |
| Michael Sean Lee | Head of Human Resources | 17,007 | 0.04% | Aug 27, 2026 |
| Michael W. Collins | Chief Executive Officer | 0 | – | Aug 27, 2026 |
| Stephen E. Cummings | Director | – | – | Aug 27, 2026 |
| John R. Wright | Director | 5,102 | 0.01% | Aug 5, 2026 |
| Mark T. Lynch | Director | 235,594 | 0.59% | Jun 2, 2026 |
| Alastair William Stewart Barbour | Director | 24,927 | 0.06% | Apr 1, 2026 |
| Meroe Sunhee Park | Director | 1,868 | 0.00% | Apr 1, 2026 |
| Andrew Michael Henton | Director | 667 | 0.00% | Apr 1, 2026 |
| Ingrid Pierce | Director | 6,539 | 0.02% | Apr 1, 2026 |
| Jana R. Schreuder | Director | 13,235 | 0.03% | Mar 31, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Michael McWatt Managing Director, Cayman | Aug 26, 2026 | Sale | −9,000 | $58.41 | $525.69K | 13,544 |
| Michael W. Collins Chief Executive Officer | Aug 19, 2026 | Sale | −61,178 | $59.67 | $3.65M | 0 |
| Michael W. Collins Chief Executive Officer | Aug 18, 2026 | Sale | −70,859 | $61.79 | $4.38M | 61,178 |
| Jane Pearce Managing Director, Trust | Aug 18, 2026 | Sale | −16,368 | $61.78 | $1.01M | 0 |
| Michael W. Collins Chief Executive Officer | Aug 17, 2026 | Sale | −75,000 | $62.98 | $4.72M | 132,037 |
| Michael Walter Neff Chief Operating Officer | Aug 14, 2026 | Sale | −5,500 | $63.66 | $350.13K | 43,218 |
| Michael Schrum Chief Financial Officer | Aug 9, 2026 | Award | +73,208 | – | – | 275,247 |
| Michael W. Collins Chief Executive Officer | Aug 9, 2026 | Award | +146,415 | – | – | 207,037 |
| Michael McWatt Managing Director, Cayman | Aug 5, 2026 | Sale | −12,000 | $61.78 | $741.36K | 22,544 |
| John R. Wright Director | Aug 4, 2026 | Sale | −5,000 | $59.50 | $297.50K | 5,102 |
| Richard Saunders Managing Director, CIUK | Jul 31, 2026 | Sale | −18,118 | $61.33 | $1.11M | 0 |
| Tara Hidalgo Chief Risk Officer | Jul 30, 2026 | Sale | −18,587 | $61.27 | $1.14M | 0 |
| Andrew Ronald Burns Chief Risk Officer, Cayman | Jul 30, 2026 | Sale | −18,566 | $61.27 | $1.14M | 0 |
| Jody Terence Feldman Managing Director, Bermuda | Jul 29, 2026 | Sale | −7,500 | $59.94 | $449.55K | 5,713 |
| Michael W. Collins Chief Executive Officer | Jun 16, 2026 | Sale | −20,621 | $58.77 | $1.21M | 60,622 |
| Michael W. Collins Chief Executive Officer | Jun 15, 2026 | Sale | −20,000 | $58.53 | $1.17M | 81,243 |
| Michael W. Collins Chief Executive Officer | Jun 12, 2026 | Sale | −20,000 | $58.75 | $1.18M | 101,243 |
| Mark T. Lynch Director | May 29, 2026 | Buy | +10,000 | $56.49 | $564.90K | 234,794 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Michael McWatt EVP, MD Cayman | Aug 26, 2026 | 9,000 | $526.00K | Aug 26, 2026 | Restricted Vesting |
| Jane Pearce EVP, MD Trust | Aug 18, 2026 | 16,368 | $1.04M | Aug 18, 2026 | Restricted Vesting |
| Michael W. Collins Chairman & CEO | Aug 17, 2026 | 207,037 | $13.20M | Aug 17, 2026 | Restricted Vesting |
| Michael Walter Neff EVP COO | Aug 14, 2026 | 5,500 | $346.00K | Aug 14, 2026 | Restricted Vesting |
| Michael McWatt Officer, EVP, MD Cayman | Aug 5, 2026 | 12,000 | $744.00K | Aug 5, 2026 | Restricted vesting |
| John R. Wright Director | Aug 4, 2026 | 5,000 | $290.00K | Aug 4, 2026 | Shares issued as Director Fees |
| Richard Saunders EVP, MD Channel Islands | Jul 31, 2026 | 18,118 | $1.11M | Jul 31, 2026 | Restricted Vesting |
| Tara Hidalgo EVP, Compliance | Jul 30, 2026 | 18,587 | $1.14M | Jul 30, 2026 | Restricted Vesting |
| Andrew Ronald Burns EVP, CRO Cayman Resources | Jul 30, 2026 | 18,566 | $1.14M | Jul 30, 2026 | Restricted Vesting |
| Jody Terence Feldman EVP, MD Bermuda | Jul 29, 2026 | 7,500 | $450.00K | Jul 29, 2026 | Restricted Vesting |
| Michael W. Collins Chief Executive Officer | Jun 12, 2026 | 60,621 | $3.52M | Jun 12, 2026 | Retained Shares |
| Jody Terence Feldman EVP, MD, Bermuda | Aug 12, 2025 | 1,130 | $50.00K | Aug 12, 2025 | Restricted Vesting |
| Michael W. Collins Officer, Chairman CEO | Aug 12, 2025 | 140,598 | $6.50M | Aug 12, 2025 | Restricted Vesting |
| Kevin Dallas Officer, EVP, Marketing | Jun 16, 2025 | 9,401 | $398.00K | Jun 16, 2025 | Stock Award |
| Craig Bridgewater Officer, CFO | Jun 12, 2025 | 7,000 | $300.00K | Jun 12, 2025 | Restricted Vesting |