The Bank of N.T. Butterfield & Son Limited (NTB) Fair Value 2026

NTB · Banks - Diversified ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.5 /10

32 fundamental signals · 6 models active

Value Trap Risk

SAFE (12/100)

Quick Summary — As of 2026-08-27, The Bank of N.T. Butterfield & Son Limited (NTB) trades at $59.13, versus a $85.24 median fair value across its 6 active models — 44.2% above the current price. QOC: 8.5/10. Value Trap Risk: 12/100 (SAFE). 6/13 models active.

Key Facts

Ticker
NTB
Price
$59.13
Quality Score
8.5/10
Value Trap Risk
12/100
Models Active
6/13
Last Updated
Strength: CUCE Ensemble suggests +36.7% upside with 19% confidence
Risk: Limited model coverage (6/13) may reduce confidence

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

According to CirclFi’s 6-model valuation engine, The Bank of N.T. Butterfield & Son Limited (NTB) appears undervalued as of : the median of 6 independent fair value estimates is $85.24, 44.2% above the current price of $59.13. Estimates range from $60.79 to $147.28. NTB scores 8.5/10 on fundamental quality and 12/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. NTB’s +44.2% gap is wider than that market norm, and the Banks - Diversified sector median is -8.1%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy The Bank of N.T. Butterfield & Son Limited Stock in 2026? →

What Fair Value Does Each Model Give NTB?

6 Intrinsic Value Models vs. Current Price ($59.13)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $60.79 +2.8%
Ensemble · Low Conviction
 $80.85 +36.7%
Intrinsic · Medium Conviction
 $73.05 +23.5%
Unlock the Full Matrix

Access 3 additional models including ML-RIV, Regime Cross-Sectional, and more.

$1.30 / day

Billed monthly ($39/mo) or annually ($299/yr)

Unlock All 6 Models →

Cancel anytime · No contracts · Instant access

What Is NTB's Fair Value Range?

Spread across 6 independent models · $60.79 to $147.28

CirclFi's 6 active models place The Bank of N.T. Butterfield & Son Limited (NTB) between $60.79 and $147.28 per share, a spread of 101% of the median. The median of that range — $85.24 — is the fair value CirclFi publishes for NTB, against a current price of $59.13.

Low · EPVHigh · Regime Cross
$60.79median $85.24$147.28
Where the range comes from
Most bearish modelEarnings Power Value (EPV)$60.79
Most bullish modelRegime Cross-Sectional$147.28
Model agreement5 bullish · 0 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for NTB. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on NTB, not a CirclFi price target. How each model works →

What Is The Bank of N.T. Butterfield & Son Limited (NTB) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, the weight of evidence tilts decidedly bullish for The Bank of N.T. Butterfield & Son Limited. Trading at $59.13 against an estimated intrinsic value of $85.24, 5 of 6 active models flag meaningful upside of +44.2% at the median. The most optimistic model, Regime Cross, places fair value at $147.28 (+149.1%), while EPV — the most conservative — estimates $60.79 (+2.8%). This +146.3% gap reflects genuine analytical uncertainty about The Bank of N.T. Butterfield & Son Limited's intrinsic worth.

What Do the Models Say About NTB?

6 of 13 models are currently active for NTB. All 6 active models suggest the stock trades below fair value. Taken together, their median fair value for NTB is $85.24 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does NTB Rank in Banks - Diversified?

Among 20 Banks - Diversified stocks, NTB ranks #3 by Quality of Company score. CirclFi's QOC score of 8.5/10 evaluates 32 fundamental signals. A score of 8.5 places NTB in the top tier.

The Banks - Diversified sector introduces analytical considerations specific to banking businesses. For The Bank of N.T. Butterfield & Son Limited, metrics like CET1 capital ratio provide important context that general-purpose valuation models may underweight.

Is NTB a Value Trap?

CirclFi's Value Trap algorithm assigns NTB a score of 12/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

6 of 13 models are active for The Bank of N.T. Butterfield & Son Limited. Moderate coverage provides meaningful perspective. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, The Bank of N.T. Butterfield & Son Limited earns a quality score of 8.5/10. This robust rating reflects the company's standing across 32 fundamental signals spanning profitability, growth consistency, balance sheet strength, and capital allocation efficiency.

The gap between the most bullish and bearish model spans +146.3% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every NTB valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across NTB's 6 active models, average confidence is 37%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy The Bank of N.T. Butterfield & Son Limited Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Banks - Diversified Stocks Should You Also Analyze?

9 related Banks - Diversified stocks with 13-model coverage

CMCanadian Imperial Bank of CommerceQOC 8.6RYRoyal Bank of CanadaQOC 8.4BBVABanco Bilbao Vizcaya Argentaria, S.A.QOC 8.9BMOBank of MontrealQOC 8.3HSBCHSBC Holdings plcQOC 2.6WFCWells Fargo & CompanyQOC 8.3JPMJPMorgan Chase & Co.QOC 8.1INGING Groep N.V.QOC 7.4FRBTForbright, Inc.QOC 4.9

Read investment analysis: CM · RY · BBVA · BMO · HSBC · WFC · JPM · ING · FRBT

Which Other Stocks Have a Similar Quality Score to NTB?

7 companies across all industries closest to NTB’s Quality of Company score of 8.5/10.

OVLYOak Valley BancorpQOC 8.5SBACSBA Communications CorporationQOC 8.5CVECenovus Energy Inc.QOC 8.5CHEFThe Chefs' Warehouse, Inc.QOC 8.5MPCMarathon Petroleum CorporationQOC 8.5GIBCGI Inc.QOC 8.5NVDANVIDIA CorporationQOC 10.0

Read investment analysis: OVLY · SBAC · CVE · CHEF · MPC · GIB · NVDA

What Else Do Investors Ask About The Bank of N.T. Butterfield & Son Limited’s Valuation?

What is The Bank of N.T. Butterfield & Son Limited's intrinsic value in 2026?

CirclFi puts The Bank of N.T. Butterfield & Son Limited (NTB)'s intrinsic value at $85.24 — the median of 6 independent model estimates as of 2026-08-27, ranging from $60.79 to $147.28. The Quality of Company score is 8.5/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is NTB overvalued or undervalued right now?

At $59.13, 6 of 6 active models suggest NTB may be undervalued, while 0 indicate potential overvaluation. The median of all 6 fair value estimates is $85.24, 44.2% above the current price of $59.13 — a consensus view that NTB is undervalued. The assessment depends on which methodology best fits The Bank of N.T. Butterfield & Son Limited's business model in Banks - Diversified.

What does a Quality of Company score of 8.5 mean for NTB?

The Bank of N.T. Butterfield & Son Limited's QOC of 8.5/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on NTB?

CirclFi analyzes NTB with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 6 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on NTB?

Of the 6 models currently active on NTB, Regime Cross-Sectional is the most bullish at $147.28 per share, and Earnings Power Value (EPV) is the most bearish at $60.79. CirclFi's published fair value for NTB is the median of that range, $85.24, not either extreme. The gap between the two ends equals 101% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is NTB a value trap in 2026?

The Bank of N.T. Butterfield & Son Limited's Value Trap score is 12/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 6-model valuation engine, The Bank of N.T. Butterfield & Son Limited (NTB) has a median fair value of $85.24 — 44.2% above the current price of $59.13 — as of 2026-08-27.” Source: circlfi.com/stock/NTB/ · Methodology
Primary sources for this NTB valuation

Market data for NTB as of ; valuations recomputed .

You’ve done the research. Don’t stop at half the picture.

Stop collecting opinions. Let 6 mathematical frameworks give you clarity on NTB.

Unlock All 6 Fair Values — $39/mo

Cancel anytime · Less than a cup of coffee · Instant access

3 models hidden for NTB Unlock All 6 — $39/mo