Post-earnings recap
Reported
Tue, Apr 28, 2026
EPS actual
$1.55
EPS est.
$1.40
EPS surprise
+11.11%
1-day move
+0.48%
The Bank of N.T. Butterfield & Son Limited's strong EPS performance indicates effective cost control and operational efficiency. The stock's slight increase of 0.48% reflects investor confidence in the company's ability to manage expenses, despite the absence of revenue figures. Investors may be encouraged by the positive EPS surprise, but the lack of guidance leaves some uncertainty about future performance.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $1.55 | $1.40 | +11.11% |
| Revenue | N/A | $150M | N/A |
Management expressed satisfaction with the EPS results, highlighting effective cost management. They emphasized ongoing strategic efforts but did not provide specific revenue insights.
We are pleased with our EPS performance this quarter.
While revenue figures are not available, we remain focused on our strategic initiatives.
The Bank of N.T. Butterfield & Son Limited, trading under the symbol NTB, operates in the financial sector as a diversified bank. It provides a range of banking and financial services, primarily in Bermuda and the Caribbean, making it an important player in regional finance.
Last quarter
In Q4 2025, NTB reported an EPS of $1.54, exceeding expectations by 5.48%. The stock saw a modest increase of 0.60% the following day.
Management promises and guidance
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+12.38%
Avg 1-day reaction
+0.17%
Analysts expect NTB to maintain its strong performance with an EPS of $1.40 this quarter. The company has consistently beaten earnings estimates in recent quarters.
Bull case
If NTB can deliver strong earnings and revenue growth, it may reinforce investor confidence and drive the stock price higher.
Bear case
Any signs of slowing growth or disappointing earnings could lead to a negative reaction from investors, especially given the high expectations.
Key metrics to watch
EPS
$1.40Earnings per share is a key indicator of the company's profitability and financial health.
Revenue
$150MRevenue figures provide insight into the company's overall sales performance and market demand.
The print will turn on these.
Q1
Will the EPS exceed the consensus estimate of $1.40?
A beat on EPS could indicate strong operational performance and boost investor confidence.
Q2
What are the revenue figures and growth outlook for the Caribbean market?
Revenue growth in this region is crucial for NTB's future performance and could impact stock sentiment.
—
Est. EPS
$1.52
Est. Rev
$3.6B
Impl. Move
±39.2%
Why consensus could be wrong
The consensus may underestimate NTB's ability to capitalize on growth opportunities in the Caribbean, which could drive stronger revenue than anticipated.
Supporting evidence
NTB has consistently outperformed EPS estimates, suggesting a trend of underestimated growth.
The options market is pricing in a significant move, indicating that traders expect volatility that could favor a positive outcome.
Key risk
If revenue growth exceeds expectations, it could shift the narrative and lead to a reassessment of NTB's market position.
Pre-commit to what would confirm each case.
This quarter's performance is critical as NTB has consistently beaten estimates, and any deviation could significantly impact investor sentiment.
Bull confirmed if
An EPS of $1.45 or higher would confirm strong financial health and growth potential.
Bear confirmed if
An EPS below $1.35 would raise concerns about profitability and market conditions.
What the market is pricing for the move.
Implied Move
±10.91%
Historical Avg
±0.6%
The options market is pricing in a significant move, suggesting that traders anticipate volatility around the earnings report.
Options are pricing ±10.9% while NTB has averaged ±0.6% over the last 8 prints — setup is pricing rich.
ATM IV
0.2%
30d HV
13.8%
Smart-money positioning from the most recent 13F filings.
Institutional
74.07%
of float
Insider
1.38%
of float
Holders
331
institutions
Top Holders· as of Jun 2026
FMR, LLC
2,562,626 sh · $147.1M
6.71%
-1.6%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If NTB beats expectations, history suggests a positive reaction with an average increase of +0.26%, confirming strong operational momentum.
In line / cautious
If results are in line with expectations, the stock may experience muted movement as investors await further guidance.
Miss
A miss could lead to a decline, with historical patterns indicating a potential drop of around -0.62%.
The lines on the call that would change the story.
Blackrock Inc.
2,386,844 sh · $137.1M
6.25%
3.6%
Rovida Investment Management Ltd
1,793,437 sh · $103.0M
4.69%
Flat
American Century Companies Inc
1,725,376 sh · $99.1M
4.51%
4.6%
Dimensional Fund Advisors LP
1,597,818 sh · $91.7M
4.18%
0.1%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.