Bank of N.T. Butterfield CEO Sells All 207,000 Shares for $12.8 Million
Michael Collins liquidated his entire direct equity stake at $61.59 per share, eliminating all immediate ownership exposure following a strong 34% one-year return.
Overview
Michael W. Collins, Chief Executive Officer of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB), reported the sale of ~207,000 ordinary shares on Aug. 17, 2026 and Aug. 18, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($61.59); post-transaction value based on Aug. 19, 2026, market close ($59.06).
Details
The Bank of N.T. Butterfield & Son Limited is a regional financial institution with a market capitalization of $2.4 billion and generates approximately $719.4 million in annual revenue from diversified banking services. The company demonstrates strong profitability, with TTM net income of $234.4 million and a net profit margin of approximately 32.6%, underscoring the efficiency of its community banking model. As a regional bank headquartered in Hamilton with 1,299 employees, NTB maintains a competitive position by providing personalized banking services and maintaining deep relationships with its customer base across retail and commercial segments.
Source
Originally published at www.fool.com.