The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. The company offers retail and corporate checking, savings, and term deposits. It also provides lending products and services, including residential mortgage lending, automobile lending, credit cards, consumer financing, overdraft facilities to retail customers, commercial real …
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Competitive advantage assessment
Key strengths
Strong Capital PositionCapital position is strong (score 1.00), exceeding regulatory minimums.
Strong Net Interest MarginNet interest margin proxy is strong (score 0.79).
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Bank of N.T. Butterfield & Son ranks #1 of 19
scored companies in Banks - Diversified by moat score — the top 5%.
That makes it the widest moat in the group.
Moat scores for companies ranked near NTB in Banks - Diversified
A deposit franchise is the cheapest and most valuable thing a bank can own.
Lending Advantage
Score 79
· 18% of the moat score
Lending advantage is the ability to originate loans at attractive spreads without buying that volume with looser credit standards.
Capital Strength
Score 100
· 20% of the moat score
Capital is the buffer between loan losses and insolvency, and it is what regulators judge a bank on first.
Cost Discipline
Score 72
· 16% of the moat score
Banking carries high fixed costs in branches, compliance and technology, so what it costs to run the bank relative to what the bank earns is a genuine competitive variable.
Revenue Diversification
Score 55
· 14% of the moat score
A bank earning everything from net interest income is a leveraged bet on the rate cycle.
Risk Management
Score 92
· 10% of the moat score
Risk management is the defense that only reveals itself late.
What is Bank of N.T. Butterfield & Son 's moat score?
Bank of N.T. Butterfield & Son (NTB) scores 75 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #1 of 19 scored companies in Banks - Diversified, the top 5%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 31 companies in Banks - Diversified. Its strongest defense is Capital Strength (100/100) and its weakest is Revenue Diversification (55/100).
How does Bank of N.T. Butterfield & Son compare with other Banks - Diversified companies?
Bank of N.T. Butterfield & Son ranks #1 of 19 scored companies in Banks - Diversified by moat score. That is the widest moat in Banks - Diversified. The companies ranked closest are JP Morgan Chase & Co. (JPM) at 71 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Bank Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 31 companies in Banks - Diversified. The defenses are then weighted to produce the overall score out of 100.
Why is Bank of N.T. Butterfield & Son scored with the Bank Specialized template?
A bank does not sell a product at a margin. It funds itself, lends at a spread, and books profits that remain an estimate until the loans are actually repaid. That makes the usual margin-and-return questions misleading, so the Bank template scores what really determines a bank's durability: where its funding comes from, what it lends against, how much capital stands behind it, and whether it has been pricing risk honestly.
Which competitive defenses are measured for Bank of N.T. Butterfield & Son ?
The Bank Specialized template measures 6 defenses, and NTB scores: Deposit Franchise (56), Lending Advantage (79), Capital Strength (100), Cost Discipline (72), Revenue Diversification (55), Risk Management (92). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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