Welcome to our dedicated page for Bank of N.T. Butterfield & Son SEC filings (Ticker: NTB), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Bank of N.T. Butterfield & Son Limited filings document a foreign issuer’s banking and wealth management disclosures, with Form 6-K reports used for earnings releases, financial statements, earnings presentations, capital actions and governance updates. The records cover operating results for the bank’s deposit, cash management, lending, trust, private banking, asset management and custody activities.
Butterfield’s regulatory disclosures also include Pillar 3 capital and risk management materials. These filings describe risk governance, prudential metrics, capital adequacy, regulatory capital structure, leverage ratio information, credit risk measurement, credit risk concentrations and mitigation practices. Other filings record share repurchase programs, dividend information, senior leadership appointments and Board-level capital management actions.
CUMMINGS STEPHEN E reported acquisition or exercise transactions in this Form 4 filing.
Bank of N.T. Butterfield & Son Ltd director Stephen E. Cummings received a grant of 49 restricted stock units (RSUs) linked to ordinary shares. Each RSU is a contingent right to one share and vests starting 30 days after the grant date over two years, subject to continued service. These RSUs do not expire; they either vest and settle or are forfeited or cancelled. Following this award, Cummings holds 5,531 derivative units related to the stock.
Dallas Kevin reported acquisition or exercise transactions in this Form 4 filing.
Bank of N.T. Butterfield & Son Ltd Head of Marketing Kevin Dallas reported awards of restricted stock units under two company plans. He received 332 RSUs under the ELTIP and 44 RSUs under the EDIP, each representing a contingent right to one ordinary share upon vesting.
According to the disclosures, these RSUs vest on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029, subject to continued service through each vesting date, and do not expire but will either vest and settle or be forfeited or cancelled. Following these awards, his reported derivative holdings under the respective plans increased to 37,708 and 5,050 units.
Neff Michael Walter reported acquisition or exercise transactions in this Form 4 filing.
Bank of N.T. Butterfield & Son Ltd Chief Operating Officer Michael Walter Neff received new equity-based awards. On 27-May-2026 he was granted 405 restricted stock units under the ELTIP and 51 restricted stock units under the EDIP, each representing one ordinary share upon vesting.
Following these grants, he holds 46,041 ELTIP units and 5,781 EDIP units. The restricted stock units vest on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029, subject to continued service, and will either vest and settle in shares or be forfeited.
Collins Michael W reported acquisition or exercise transactions in this Form 4 filing.
Bank of N.T. Butterfield & Son Ltd Chief Executive Officer Michael W. Collins received new equity awards in the form of restricted stock units. On May 27, 2026, he was granted 2,571 EDIP restricted stock units, 2,424 ELTIP restricted stock units, and 1,520 additional EDIP restricted stock units.
Each restricted stock unit represents a contingent right to receive one ordinary share upon vesting or settlement. The footnotes indicate various vesting schedules extending from August 9, 2026 through February 9, 2033, and the awards do not expire but either vest and settle or are forfeited or cancelled.
Following these awards, Collins’ reported holdings for the respective RSU lines increased to 292,132, 275,452 and 172,706 units, showing these are compensation-related grants rather than open‑market purchases or sales.
Saunders Richard reported acquisition or exercise transactions in this Form 4 filing.
Bank of N.T. Butterfield & Son Ltd executive Richard Saunders received new share-based awards. As Managing Director, CIUK, he was granted 330 restricted stock units (RSUs) under the ELTIP and 52 RSUs under the EDIP, each representing one ordinary share upon vesting.
The ELTIP grant increases his holdings under that plan to 37,455 RSUs, while the EDIP grant brings his total there to 5,956 RSUs. The RSUs vest on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029, subject to continued service, and will either vest and settle in shares or be forfeited.
The Bank of N.T. Butterfield & Son Limited is making a transformational acquisition of CIBC Caribbean Bank Limited. Butterfield agreed to buy CIBC’s 91.7% stake for an aggregate purchase price of $1.794 billion, made up of $1.091 billion in cash and $703 million in Butterfield shares, valued using a 10-day VWAP of $55.66. The deal implies $1.14 per CIBC Caribbean share and includes issuing 11,577,367 new Butterfield ordinary shares at an exchange ratio of 0.008008 share plus $0.6918 in cash per CIBC Caribbean share.
Butterfield will also launch a mandatory takeover bid for the remaining 8.3% minority stake on equivalent economic terms, with minorities able to elect up to 100% stock. The bank has obtained commitments for $700 million of Tier 2 subordinated debt to help fund the cash portion and expects the combined institution to have about $29 billion in assets and $25 billion in deposits. Management projects 12% GAAP EPS accretion and 15% cash EPS accretion in the first full year with fully phased-in synergies, 10% tangible book value per share accretion at closing, and an internal rate of return above 20%, while maintaining a pro forma CET1 ratio above 12% and total capital above 19%. Pre-tax cost savings are expected to reach an annual run rate of roughly $49 million by 2030.
The Bank of N.T. Butterfield & Son Limited reported strong first quarter 2026 results with net income of $62.6 million, or $1.53 per diluted share, up from $53.8 million a year earlier. Core net income was $63.2 million, or $1.55 per diluted share. Return on average common equity reached 22.1%, while net interest margin improved to 2.75% as deposit costs fell and investment yields rose. Non-interest income softened versus the prior quarter on seasonal banking fees, but remained above last year. The bank kept expenses tightly controlled, bringing the core efficiency ratio down to 56.4%. Capital levels stayed high, with a total capital ratio of 26.9%. Butterfield returned capital through a $0.50 per-share dividend and repurchased 0.8 million shares for $42.4 million, and closed its acquisition of Rawlinson & Hunter Guernsey, lifting total trust assets under administration to $146 billion.
Bank of N.T. Butterfield & Son Ltd Chief Risk Officer (Cayman), Andrew Ronald Burns, filed an initial ownership report showing existing equity and award holdings. He holds 18,566 common shares directly, plus restricted stock units representing 5,881 underlying shares and an additional 46,377 underlying shares.
The restricted stock units have an exercise price of $0.0000 and represent a contingent right to receive one common share upon vesting and settlement. According to the footnotes, these awards vest on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029, subject to continued service, and do not expire but are either settled or forfeited.
Bank of N.T. Butterfield & Son Ltd executive Jody Terence Feldman filed an initial ownership report showing equity-based awards and share holdings. He holds restricted stock units that represent contingent rights to receive common shares, plus directly owned common stock, reflecting his compensation and alignment with shareholders.
The restricted stock units tied to the bank’s common stock vest in tranches on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029, subject to continued service. These units do not expire; they either vest and settle into shares or are forfeited or cancelled before vesting.
Bank of N.T. Butterfield & Son Ltd executive Lee Michael Sean filed an initial ownership report showing direct holdings in both common stock and restricted stock units. He reports 17,007 common shares and two RSU awards covering 5,568 and 5,346 underlying shares, which vest between February 2027 and February 2029, subject to continued service. Each RSU represents a contingent right to receive one common share upon vesting; units may vest and settle or be forfeited or cancelled before the vesting dates.