Bank of N.T. Butterfield & Son Limited (The) Voting Ordinary Shares (NTB) Covered Calls

The Bank of N.T. Butterfield & Son Limited is a leading offshore bank and wealth manager providing community, commercial, and private banking services. Headquartered in Hamilton, Bermuda, the bank operates in several major financial centers, including the Cayman Islands, the Channel Islands, and the United Kingdom. Butterfield specializes in specialized trust and fiduciary services, mortgage lending, and asset management for international and local clients.

You can sell covered calls on Bank of N.T. Butterfield & Son Limited (The) Voting Ordinary Shares to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for NTB (prices last updated Tue 4:16 PM ET):

Bank of N.T. Butterfield & Son Limited (The) Voting Ordinary Shares (NTB) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
51.00 -0.18 50.02 51.61 109K 9.4 2.6
Covered Calls For Bank of N.T. Butterfield & Son Limited (The) Voting Ordinary Shares (NTB)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Mar 20 50 0.10 51.51 -2.9% -42.3%
Apr 17 50 1.10 50.51 -1.0% -6.9%
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The Bank of N.T. Butterfield & Son Limited (NTB) is a premier independent offshore bank with a history dating back to 1784. The bank’s business model is characterized by its dominant market positions in Bermuda and the Cayman Islands, where it provides a full suite of retail and corporate banking services. Beyond its core islands, Butterfield has established a significant footprint in international wealth management hubs, offering sophisticated trust, estate, and asset management solutions to high-net-worth individuals and institutional clients globally.

By early 2026, Butterfield has reinforced its reputation as a capital-efficient institution. A major milestone in February 2026 was the launch of its new $140 million share repurchase program, authorizing the buyback of up to 3 million shares through the end of the year. This move, coupled with a consistent $0.50 per share quarterly dividend, underscores management’s commitment to returning value in a stable interest rate environment. The bank maintains a low-risk profile with a focus on residential mortgages and high-quality liquid assets, consistently achieving industry-leading returns on equity (ROE) while navigating the unique regulatory landscapes of offshore financial centers.

Competitive Landscape

The competitive landscape for Butterfield consists of global private banks and regional financial institutions. Primary rivals that are publicly traded on major exchanges and offer active options markets include KeyCorp and Popular, Inc.. While these are US-based regional peers, they compete for similar investor profiles seeking stable dividends and conservative credit management.

Other notable competitors in the specialized banking and wealth management sectors with active options trading include Inter & Co, Inc. and Bank of Hawaii Corporation. Butterfield distinguishes itself through its "offshore moat"; the bank’s deep-seated local presence and scale in Bermuda and the Cayman Islands create high barriers to entry for newcomers. This geographic focus, combined with its high-margin fee-based businesses like trust and custody services, provides a level of earnings stability that is often superior to traditional mainland commercial banks exposed to broader industrial cycles.

Strategic Outlook

Strategic innovation is currently focused on the modernization of the Butterfield Online digital platform, aimed at enhancing the client experience for global wealth management customers. By early 2026, the bank has prioritized the integration of its recent acquisition of Rawlinson & Hunter Guernsey, expanding its fiduciary and administrative services in the Channel Islands. This expansion is part of a broader "disciplined growth" strategy to diversify fee-based income away from interest-rate sensitive products.

The long-term outlook involves maintaining a highly liquid balance sheet and a Common Equity Tier 1 (CET1) ratio well above regulatory requirements. Management is prioritizing Organic Loan Growth in its prime residential mortgage portfolios while exploring selective M&A opportunities that fit its offshore expertise. By leveraging its 240-year heritage and its market-leading positions in tax-neutral jurisdictions, The Bank of N.T. Butterfield & Son Limited aims to remain a resilient and high-yielding cornerstone for global financial portfolios.