Bank of N.T Butterfield & Son (Bank of N.T Butterfield & Son) Scaled Net Operating Assets : -0.28 (As of Mar. 2024)

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What is Bank of N.T Butterfield & Son Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Bank of N.T Butterfield & Son's operating assets for the quarter that ended in Mar. 2024 was $8,698.5 Mil. Bank of N.T Butterfield & Son's operating liabilities for the quarter that ended in Mar. 2024 was $12,434.4 Mil. Bank of N.T Butterfield & Son's Total Assets for the quarter that ended in Dec. 2023 was $13,374.0 Mil. Therefore, Bank of N.T Butterfield & Son's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.28.

Bank of N.T Butterfield & Son Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Bank of N.T Butterfield & Son's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(11727.372	-	12271.933)	/	14306.062
=	-0.04

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	13374.02	-	1646.648
=	11727.372

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	12370.423	-	98.49	-	0
=	12271.933

Bank of N.T Butterfield & Son's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(8698.495	-	12434.411)	/	13374.02
=	-0.28

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	13528.072	-	4829.577
=	8698.495

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	12532.96	-	98.549	-	0
=	12434.411

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bank of N.T Butterfield & Son (Bank of N.T Butterfield & Son) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of N.T Butterfield & Son Ltd (NYSE:NTB) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

NTB.BH:Bermuda

Address

65 Front Street, Hamilton, BMU, HM 12

Website

https://www.butterfieldgroup.com

Bank of N.T Butterfield & Son Ltd is a full-service bank and wealth manager. It operates the business through three geographic segments, Bermuda, the Cayman Islands, the Channel Islands, and the UK. The company offers banking services, comprised of retail and corporate banking, and wealth management, which consists of trust, private banking, and asset management. It generates a majority of its revenue from Bermuda, and the Cayman Islands segments.