NTB vs. ESNT

Last updated Apr 1, 2026

Compare and contrast key facts about The Bank of N.T. Butterfield & Son Limited (NTB) and Essent Group Ltd. (ESNT).

Performance

NTB vs. ESNT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Bank of N.T. Butterfield & Son Limited (NTB) and Essent Group Ltd. (ESNT). The values are adjusted to include any dividend payments, if applicable.

NTB vs. ESNT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NTB The Bank of N.T. Butterfield & Son Limited	6.33%	42.51%	20.23%	14.28%	-17.47%	28.34%	-10.09%	24.14%	-10.70%	19.79%
ESNT Essent Group Ltd.	-9.56%	21.95%	5.23%	38.60%	-12.76%	7.06%	-15.53%	53.00%	-21.28%	34.14%

Fundamentals

EPS NTB : $5.52 ESNT : $6.95
PE Ratio NTB : 9.51 ESNT : 8.41
PEG Ratio NTB : 0.64 ESNT : 0.45
PS Ratio NTB : 2.92 ESNT : 4.52
Total Revenue (TTM) NTB : $756.09M ESNT : $1.31B
Gross Profit (TTM) NTB : $606.82M ESNT : $1.17B
EBITDA (TTM) NTB : $267.42M ESNT : $870.39M

Returns By Period

In the year-to-date period, NTB achieves a 6.33% return, which is significantly higher than ESNT's -9.56% return.

NTB

• 1D: 1.37%
• 1M: 3.41%
• YTD: 6.33%
• 6M: 24.79%
• 1Y: 40.68%
• 3Y*: 31.44%
• 5Y*: 12.31%
• 10Y*: —

ESNT

• 1D: 0.41%
• 1M: -3.36%
• YTD: -9.56%
• 6M: -7.03%
• 1Y: 3.43%
• 3Y*: 15.79%
• 5Y*: 6.76%
• 10Y*: 12.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NTB vs. ESNT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NTB

NTB Risk / Return Rank: 89
NTB Sharpe Ratio Rank: 90
NTB Sortino Ratio Rank: 88
NTB Omega Ratio Rank: 86
NTB Calmar Ratio Rank: 89
NTB Martin Ratio Rank: 90

ESNT

ESNT Risk / Return Rank: 45
ESNT Sharpe Ratio Rank: 48
ESNT Sortino Ratio Rank: 40
ESNT Omega Ratio Rank: 39
ESNT Calmar Ratio Rank: 49
ESNT Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NTB vs. ESNT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Bank of N.T. Butterfield & Son Limited (NTB) and Essent Group Ltd. (ESNT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NTB	ESNT	Difference
Sharpe ratio Return per unit of total volatility	1.95	0.15	+1.80
Sortino ratio Return per unit of downside risk	2.64	0.36	+2.27
Omega ratio Gain probability vs. loss probability	1.34	1.05	+0.29
Calmar ratio Return relative to maximum drawdown	3.63	0.29	+3.34
Martin ratio Return relative to average drawdown	10.49	0.64	+9.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NTB vs. ESNT - Sharpe Ratio Comparison

The current NTB Sharpe Ratio is 1.95, which is higher than the ESNT Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of NTB and ESNT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NTB	ESNT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	0.15	+1.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.27	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.26	+0.13

Correlation

The correlation between NTB and ESNT is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NTB vs. ESNT - Dividend Comparison

NTB's dividend yield for the trailing twelve months is around 3.70%, more than ESNT's 2.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NTB The Bank of N.T. Butterfield & Son Limited	3.70%	3.77%	4.82%	5.50%	5.90%	4.62%	5.65%	4.75%	4.85%	3.53%	0.32%
ESNT Essent Group Ltd.	2.19%	1.91%	2.06%	1.90%	2.21%	1.54%	1.48%	0.58%	0.00%	0.00%	0.00%

Drawdowns

NTB vs. ESNT - Drawdown Comparison

The maximum NTB drawdown since its inception was -69.74%, which is greater than ESNT's maximum drawdown of -64.72%. Use the drawdown chart below to compare losses from any high point for NTB and ESNT.

Drawdown Indicators

	NTB	ESNT	Difference
Max Drawdown Largest peak-to-trough decline	-69.74%	-64.72%	-5.02%
Max Drawdown (1Y) Largest decline over 1 year	-11.44%	-13.93%	+2.49%
Max Drawdown (5Y) Largest decline over 5 years	-39.96%	-33.27%	-6.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-64.72%	—
Current Drawdown Current decline from peak	-1.30%	-12.01%	+10.71%
Average Drawdown Average peak-to-trough decline	-19.07%	-13.83%	-5.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.96%	6.40%	-2.44%

Volatility

NTB vs. ESNT - Volatility Comparison

The current volatility for The Bank of N.T. Butterfield & Son Limited (NTB) is 3.60%, while Essent Group Ltd. (ESNT) has a volatility of 4.64%. This indicates that NTB experiences smaller price fluctuations and is considered to be less risky than ESNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTB	ESNT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	4.64%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	13.74%	15.75%	-2.01%
Volatility (1Y) Calculated over the trailing 1-year period	21.00%	22.80%	-1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.90%	25.10%	+3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.94%	38.82%	-3.88%

Financials

NTB vs. ESNT - Profitability Comparison

The chart below illustrates the profitability comparison between The Bank of N.T. Butterfield & Son Limited and Essent Group Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NTB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Bank of N.T. Butterfield & Son Limited reported a gross profit of 159.10M and revenue of 159.10M. Therefore, the gross margin over that period was 100.0%.

ESNT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Essent Group Ltd. reported a gross profit of 273.80M and revenue of 318.73M. Therefore, the gross margin over that period was 85.9%.

NTB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Bank of N.T. Butterfield & Son Limited reported an operating income of 79.00M and revenue of 159.10M, resulting in an operating margin of 49.7%.

ESNT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Essent Group Ltd. reported an operating income of 199.16M and revenue of 318.73M, resulting in an operating margin of 62.5%.

NTB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Bank of N.T. Butterfield & Son Limited reported a net income of 63.80M and revenue of 159.10M, resulting in a net margin of 40.1%.

ESNT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Essent Group Ltd. reported a net income of 164.22M and revenue of 318.73M, resulting in a net margin of 51.5%.