Bank of NT Butterfield & Son Ltd

NTB remains in a Stage 2 advancing uptrend, reinforced by a steepening parabola continuation pattern, but extreme overbought conditions and price extended above rising EMAs suggest timing is unfavorable. We will wait for a disciplined pullback into the rising EMA support zone before engaging, consistent with our Free Cash Flow + Buybacks strategy.

• ↑Net interest margin at 2.75%; non-interest income rising
• ↑Wallinson & Hunter acquisition adds £8–10 m annually; AUA $146 bn
• ↓Deposit outflows threaten liquidity and elevate funding costs