10 Best Small Cap Bank Stocks To Invest In Now

7. Bank of NT Butterfield & Son Ltd. (NYSE:NTB)

Market Capitalization as of March 28: $1.68 billion

Number of Hedge Fund Holders: 24

Bank of NT Butterfield & Son Ltd. (NYSE:NTB) provides community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and interest-bearing and non-interest-bearing deposits. Its lending portfolio ranges from residential mortgage lending to commercial and industrial loans. It also offers personal and property/auto insurance products.

The company’s wealth management division contributes significantly to its diversified fee income strategy. This segment encompasses trust services, private banking, asset management, and custody. Non-interest income showcased this segment’s performance and reached $63.2 million in Q4 2024. This was driven by card services, transaction volumes, incentive revenues, and foreign exchange activity.

Bank of NT Butterfield & Son Ltd. (NYSE:NTB) now aims to maintain a stable non-interest income stream and anticipates making around mid-$50 million per quarter excluding any seasonal fluctuations. The company will focus on strategic acquisitions and strong asset quality to position the wealth management division for continued growth and profitability.