NTB (Bank of N.T Butterfield & Son) Scaled Net Operating Assets: -0.31 (As of Mar. 2026)


NTB Bank of N.T Butterfield & Son Ltd NTB
85 GF Score
Price $60.34
GF Value $45.57
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Bank of N.T Butterfield & Son Scaled Net Operating Assets?

Bank of N.T Butterfield & Son NTB +1.34% 85 Scaled Net Operating Assets is -0.31 as of Mar. 2026. GuruFocus rates NTB with a GF Score™ of 85/100 and a GF Value™ of $45.57 (Significantly Overvalued). The stock has 6 warning signs investors should review.

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. 2026 was $8,894.7 Mil. Bank of N.T Butterfield & Son's operating liabilities for the quarter that ended in Mar. 2026 was $13,288.7 Mil. Bank of N.T Butterfield & Son's Total Assets for the quarter that ended in Dec. 2025 was $14,094.9 Mil. Therefore, Bank of N.T Butterfield & Son's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.31.

NTB
85GF Score
Bank of N.T Butterfield & Son Ltd NTB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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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. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(12385.958-12953.043)/14231.396
=-0.04

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=14094.894 - 1708.936
=12385.958

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=12953.043 - 0 - 0
=12953.043

Bank of N.T Butterfield & Son's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(8894.723-13288.667)/14094.894
=-0.31

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=14424.758 - 5530.035
=8894.723

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=13288.667 - 0 - 0
=13288.667

* 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.

What does a Scaled Net Operating Assets of -0.31 mean?
Bank of N.T Butterfield & Son (NTB) has a Scaled Net Operating Assets of -0.31 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Bank of N.T Butterfield & Son and its competitors.
Is Bank of N.T Butterfield & Son's Scaled Net Operating Assets too high?
Bank of N.T Butterfield & Son's current Scaled Net Operating Assets is -0.31. Overall, Bank of N.T Butterfield & Son has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank of N.T Butterfield & Son's Scaled Net Operating Assets compare to BCSO and JPM?
Bank of N.T Butterfield & Son's Scaled Net Operating Assets of -0.31 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Banks company?
A good Scaled Net Operating Assets depends on the Banks industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Bank of N.T Butterfield & Son and its competitors. Bank of N.T Butterfield & Son's current Scaled Net Operating Assets is -0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of N.T Butterfield & Son stock overvalued right now?
Based on GuruFocus' analysis, Bank of N.T Butterfield & Son (NTB) is currently considered Significantly Overvalued. The stock's GF Value™ is $45.57, compared to a current price of $60.34 — trading 32.4% above its estimated fair value. The current Scaled Net Operating Assets is -0.31. Bank of N.T Butterfield & Son's overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Bank of N.T Butterfield & Son (NTB), the current Scaled Net Operating Assets is -0.31 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bank of N.T Butterfield & Son (NTB) Overvalued in 2026?

Based on GuruFocus' analysis, Bank of N.T Butterfield & Son stock appears to be overvalued. The current stock price of $60.34 is trading 32.4% above its estimated GF Value™ of $45.57. GuruFocus considers Bank of N.T Butterfield & Son to be Significantly Overvalued.

Key valuation signals for NTB:

  • Scaled Net Operating Assets: -0.31
  • GF Value™: $45.57 vs. price of $60.34 (32.4% above fair value)
  • GF Score™: 85/100 with 6 warning signs

No single metric tells the full story. See the NTB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Bank of N.T Butterfield & Son Business Description

Other Exchanges 4IK:GermanyNTB.BH:Bermuda
Address 65 Front Street, Hamilton, BMU, HM 12
Bank of N.T Butterfield & Son Ltd is a full-service bank and wealth manager. It offers banking services, comprising retail and corporate banking, and wealth management services, which consist of trust, private banking, and asset management business. The company operates through four reportable segments: Bermuda, Cayman, Channel Islands and the UK, and Other. In its Bermuda and Cayman segments, the company offers retail banking and wealth management services. In the Channel Islands and the UK segment, the company offers retail and corporate banking and wealth management services, and the Other segment includes its operations in the Bahamas, Canada, Mauritius, Singapore, and Switzerland. Maximum revenue for the company is generated from its business in Bermuda.
85GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$60.34
Price
$45.57
GF Value