The Bank of N.T. Butterfield & Son Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) just released its latest quarterly results and things are looking bullish. Results were good overall, with revenues beating analyst predictions by 4.0% to hit US$156m. Statutory earnings per share (EPS) came in at US$1.53, some 9.3% above whatthe analysts had expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

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After the latest results, the two analysts covering Bank of N.T. Butterfield & Son are now predicting revenues of US$636.7m in 2026. If met, this would reflect a credible 3.8% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 3.8% to US$6.31. Before this earnings report, the analysts had been forecasting revenues of US$612.3m and earnings per share (EPS) of US$5.96 in 2026. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.

Check out our latest analysis for Bank of N.T. Butterfield & Son

With these upgrades, we're not surprised to see that the analysts have lifted their price target 13% to US$57.33per share.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 5.2% growth on an annualised basis. That is in line with its 4.5% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues grow 8.5% annually. So although Bank of N.T. Butterfield & Son is expected to maintain its revenue growth rate, it's forecast to grow slower than the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Bank of N.T. Butterfield & Son's earnings potential next year. They also upgraded their revenue estimates for next year, even though it is expected to grow slower than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

With that in mind, we wouldn't be too quick to come to a conclusion on Bank of N.T. Butterfield & Son. Long-term earnings power is much more important than next year's profits. At least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here.

We also provide an overview of the Bank of N.T. Butterfield & Son Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.