NTB
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 7.61 | 6.93 | 6.90 | 11.62 |
| Price to Sales | 2.83 | 2.68 | 2.68 | 3.81 |
| Book Value Per Common Share | 23.45 | 21.39 | 17.42 | 19.83 |
| Price to Book | 1.56 | 1.50 | 1.71 | 1.92 |
| Price to Operating Cash Flow | 6.21 | 5.20 | 6.73 | 7.52 |
| Price to Free Cash Flow | 6.75 | 6.35 | 7.68 | 8.02 |
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 28.61 | 34.59 | 30.89 | 26.68 | 31.25 |
| Price to Sales | 11.39 | 12.59 | 11.21 | 10.43 | 11.44 |
| Book Value Per Common Share | 26.84 | 25.62 | 24.70 | 23.45 | 24.09 |
| Price to Book | 1.60 | 1.73 | 1.58 | 1.56 | 1.53 |
| Price to Operating Cash Flow | 33.73 | 18.30 | 26.36 | 43.64 | 14.61 |
| Price to Free Cash Flow | 37.42 | 19.67 | 29.88 | 56.20 | 15.52 |
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | 3.90 | 6.94 | 31.71 | |
| Revenue YoY | -0.21 | 5.73 | 11.11 | |
| EBITDA YoY | ||||
| Net Profit YoY | -4.07 | 5.36 | 31.57 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 17.19 | 1.59 | -8.03 | 16.10 | |
| Revenue YoY | 5.02 | -0.87 | -3.02 | 5.80 | |
| EBITDA YoY | |||||
| Net Profit YoY | 14.51 | -0.82 | -9.76 | 13.02 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | ||||
| Quick Ratio | ||||
| Current Ratio | ||||
| Debt to Equity | 12.94 | 12.33 | 15.54 | 14.69 |
| Long-Term Debt to Equity |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | |||||
| Quick Ratio | |||||
| Current Ratio | |||||
| Debt to Equity | 11.74 | 12.27 | 12.25 | 12.94 | 12.51 |
| Long-Term Debt to Equity |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 1.52 | 1.69 | 1.50 | 1.06 |
| ROE | 21.19 | 22.47 | 24.75 | 16.64 |
| Gross Margin | ||||
| Operating Margin | ||||
| EBITDA Margin | ||||
| Net Profit Margin | 37.17 | 38.66 | 38.80 | 32.77 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 0.43 | 0.38 | 0.38 | 0.42 | 0.37 |
| ROE | 5.52 | 4.99 | 5.08 | 5.84 | 4.95 |
| Gross Margin | |||||
| Operating Margin | |||||
| EBITDA Margin | |||||
| Net Profit Margin | 39.69 | 36.40 | 36.38 | 39.10 | 36.60 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio | 36.79 | 38.22 | 40.81 | 53.66 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio | 33.50 | 34.42 | 34.91 | 32.28 | 37.40 |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 14,231,396.00 | 13,374,020.00 | 14,306,062.00 | 15,335,200.00 |
| Cash and Short-Term Investments | 0 | 0 | 0 | 0 |
| Cash and Cash Equivalents | 1,998,112.00 | 1,646,648.00 | 2,100,787.00 | 2,179,833.00 |
| Short-Term Investments | 2,668,614.00 | 2,843,554.00 | 2,857,584.00 | 4,672,648.00 |
| Net Receivables | 0 | 0 | 203,520.00 | 144,279.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 153,782.00 | 154,362.00 | 146,141.00 | 138,686.00 |
| Goodwill | 23,617.00 | 24,107.00 | 22,892.00 | 25,356.00 |
| Intangible Assets | 65,992.00 | 74,800.00 | 51,478.00 | 60,750.00 |
| Long-Term Investments | 5,915,498.00 | 6,311,714.00 | 6,608,384.00 | 7,448,828.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 |
| Liabilities | 13,210,584.00 | 12,370,423.00 | 13,441,247.00 | 14,357,707.00 |
| Payables and Expenses | 0 | 0 | 185,864.00 | 189,378.00 |
| Account Payables | 0 | 0 | 185,864.00 | 189,378.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 |
| Long-Term Debt | 98,725.00 | 98,490.00 | 172,289.00 | 171,876.00 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Equity | 1,020,812.00 | 1,003,597.00 | 864,815.00 | 977,493.00 |
| Shareholders Equity | 1,020,812.00 | 1,003,597.00 | 864,815.00 | 977,493.00 |
| Capital Stock | 435.00 | 475.00 | 503.00 | 499.00 |
| Share Premium | 916,394.00 | 988,904.00 | 1,032,632.00 | 1,017,640.00 |
| Retained Earnings | 422,461.00 | 342,520.00 | 229,732.00 | 104,329.00 |
| Treasury Shares | 23,063.00 | 18,104.00 | 20,600.00 | 20,058.00 |
| Accumulated Other Comprehensive Income | -295,415.00 | -310,198.00 | -377,452.00 | -124,917.00 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 98,725.00 | 98,490.00 | 172,289.00 | 171,876.00 |
| Common Shares Outstanding | 43,537.98 | 46,909.83 | 49,658.25 | 49,292.14 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 581,983.00 | 583,218.00 | 551,622.00 | 496,458.00 |
| Interest Income | 585,717.00 | 545,630.00 | 398,383.00 | 324,898.00 |
| Interest Expense | 234,514.00 | 178,670.00 | 54,799.00 | 25,091.00 |
| Non-Interest Expense | 351,087.00 | 346,551.00 | 325,925.00 | 327,762.00 |
| Selling, General and Administrative Expenses | 183,754.00 | 188,095.00 | 176,746.00 | 169,778.00 |
| Net Non-Operating Income | 0 | 0 | 0 | -1,154.00 |
| EBT | 220,847.00 | 226,259.00 | 217,702.00 | 165,791.00 |
| Income Tax | 4,531.00 | 767.00 | 3,682.00 | 3,123.00 |
| Net Income Including Non-Controlling Interests | 216,316.00 | 225,492.00 | 214,020.00 | 162,668.00 |
| Net Income | 216,316.00 | 225,492.00 | 214,020.00 | 162,668.00 |
| Deprecation and Amortization | 42,158.00 | 36,212.00 | 40,177.00 | 69,456.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 45,062.50 | 48,809.52 | 49,537.04 | 49,603.66 |
| Average Shares Outstanding Diluted | 45,898.00 | 49,277.00 | 49,860.00 | 49,875.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 265,432.00 | 300,290.00 | 219,271.00 | 251,349.00 |
| Operating Net Income | 216,316.00 | 225,492.00 | 214,020.00 | 162,668.00 |
| Deprecation and Amortization | 42,158.00 | 36,212.00 | 40,177.00 | 69,456.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 21,002.00 | 20,812.00 | 17,077.00 | 15,151.00 |
| Change in Working Capital | -16,125.00 | 6,522.00 | -54,086.00 | -505.00 |
| Other Operating Activities | 2,081.00 | 11,252.00 | 2,083.00 | 4,579.00 |
| Investing Cash Flow | -581,020.00 | 681,801.00 | 292,023.00 | -1,905,662.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -21,049.00 | -26,932.00 | -26,876.00 | -15,724.00 |
| Net Purchase/Sale of Investments Net | 243,878.00 | 405,536.00 | 370,939.00 | -1,896,293.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 6,355.00 |
| Financing Cash Flow | 735,560.00 | -1,447,922.00 | -506,806.00 | 535,776.00 |
| Net Issuance/Repayment of Debt | 0 | -75,000.00 | 0 | 0 |
| Net Issuance/Repurchase of Equity | -155,305.00 | -88,590.00 | -3,897.00 | -19,754.00 |
| Dividends Paid | -79,581.00 | -86,186.00 | -87,343.00 | -87,285.00 |
| Other Financing Activities | 970,446.00 | -1,198,146.00 | -415,566.00 | 642,815.00 |
| Net Change in Cash | 419,972.00 | -465,831.00 | 4,488.00 | -1,118,537.00 |
| Cash at Beginning of Period | 1,672,260.00 | 2,116,546.00 | 2,203,497.00 | 3,314,498.00 |
| Cash at End of Period | 2,088,542.00 | 1,672,260.00 | 2,116,546.00 | 2,203,497.00 |
| Free Cash Flow | 243,902.00 | 246,017.00 | 192,395.00 | 235,625.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 14,086,355.00 | 14,185,002.00 | 14,019,789.00 | 14,231,396.00 | 14,372,953.00 |
| Cash and Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Cash and Cash Equivalents | 1,501,368.00 | 1,450,062.00 | 2,097,344.00 | 1,998,112.00 | 2,067,189.00 |
| Short-Term Investments | 3,364,256.00 | 3,350,355.00 | 1,996,796.00 | 2,668,614.00 | 2,733,255.00 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 158,548.00 | 159,157.00 | 156,416.00 | 153,782.00 | 151,755.00 |
| Goodwill | 25,349.00 | 25,831.00 | 24,326.00 | 23,617.00 | 25,197.00 |
| Intangible Assets | 63,499.00 | 66,327.00 | 65,343.00 | 65,992.00 | 71,506.00 |
| Long-Term Investments | 6,426,161.00 | 6,479,163.00 | 6,128,240.00 | 5,915,498.00 | 6,040,766.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 12,980,399.00 | 13,115,863.00 | 12,961,979.00 | 13,210,584.00 | 13,308,799.00 |
| Payables and Expenses | 0 | 0 | 0 | 0 | 0 |
| Account Payables | 0 | 0 | 0 | 0 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 98,784.00 | 98,725.00 | 98,666.00 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Equity | 1,105,956.00 | 1,069,139.00 | 1,057,810.00 | 1,020,812.00 | 1,064,154.00 |
| Shareholders Equity | 1,105,956.00 | 1,069,139.00 | 1,057,810.00 | 1,020,812.00 | 1,064,154.00 |
| Capital Stock | 412.00 | 417.00 | 428.00 | 435.00 | 448.00 |
| Share Premium | 872,667.00 | 881,196.00 | 898,729.00 | 916,394.00 | 937,813.00 |
| Retained Earnings | 480,586.00 | 454,524.00 | 439,599.00 | 422,461.00 | 402,370.00 |
| Treasury Shares | 27,115.00 | 25,468.00 | 23,511.00 | 23,063.00 | 22,487.00 |
| Accumulated Other Comprehensive Income | -220,594.00 | -241,530.00 | -257,435.00 | -295,415.00 | -253,990.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 98,784.00 | 98,725.00 | 98,666.00 |
| Common Shares Outstanding | 41,201.17 | 41,724.08 | 42,820.09 | 43,537.98 | 44,172.67 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 153,841.00 | 146,493.00 | 147,782.00 | 152,390.00 | 144,038.00 |
| Interest Income | 139,404.00 | 140,912.00 | 140,012.00 | 145,450.00 | 149,974.00 |
| Interest Expense | 46,683.00 | 51,507.00 | 50,685.00 | 56,814.00 | 61,921.00 |
| Non-Interest Expense | 88,798.00 | 89,774.00 | 91,321.00 | 88,409.00 | 86,824.00 |
| Selling, General and Administrative Expenses | 47,992.00 | 47,136.00 | 47,303.00 | 49,249.00 | 44,992.00 |
| EBT | 62,509.00 | 54,533.00 | 54,943.00 | 61,084.00 | 53,956.00 |
| Income Tax | 1,447.00 | 1,208.00 | 1,179.00 | 1,506.00 | 1,240.00 |
| Net Income Including Non-Controlling Interests | 61,062.00 | 53,325.00 | 53,764.00 | 59,578.00 | 52,716.00 |
| Net Income | 61,062.00 | 53,325.00 | 53,764.00 | 59,578.00 | 52,716.00 |
| Deprecation and Amortization | 9,238.00 | 7,625.00 | 12,569.00 | 8,206.00 | 13,986.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 40,816.00 | 41,636.00 | 42,551.00 | 43,503.65 | 44,669.00 |
| Average Shares Outstanding Diluted | 41,944.00 | 42,653.00 | 43,592.00 | 44,601.00 | 45,557.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 51,937.00 | 100,735.00 | 62,820.00 | 36,434.00 | 112,740.00 |
| Operating Net Income | 61,062.00 | 53,325.00 | 53,764.00 | 59,578.00 | 52,716.00 |
| Deprecation and Amortization | 9,238.00 | 7,625.00 | 12,569.00 | 8,206.00 | 13,986.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 5,622.00 | 5,879.00 | 5,381.00 | 5,013.00 | 5,238.00 |
| Change in Working Capital | -24,499.00 | 33,727.00 | -8,465.00 | -36,625.00 | 39,537.00 |
| Other Operating Activities | 514.00 | 179.00 | -429.00 | 262.00 | 1,263.00 |
| Investing Cash Flow | 73,868.00 | -591,822.00 | 410,536.00 | -184,770.00 | -531,069.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -5,115.00 | -6,999.00 | -7,402.00 | -8,140.00 | -6,614.00 |
| Net Purchase/Sale of Investments Net | 51,716.00 | -293,635.00 | -87,599.00 | -140,621.00 | -79,953.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 27,267.00 | -291,188.00 | 505,537.00 | -36,009.00 | -444,502.00 |
| Financing Cash Flow | -78,410.00 | -191,972.00 | -391,637.00 | 217,279.00 | 23,125.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | -30,349.00 | -45,425.00 | -41,358.00 | -47,275.00 | -36,752.00 |
| Dividends Paid | -20,453.00 | -18,355.00 | -18,769.00 | -19,233.00 | -19,718.00 |
| Other Financing Activities | -27,608.00 | 0 | 0 | 283,787.00 | 79,595.00 |
| Net Change in Cash | 47,395.00 | -683,059.00 | 81,719.00 | 68,943.00 | -395,204.00 |
| Cash at Beginning of Period | 1,547,740.00 | 2,186,107.00 | 2,088,542.00 | 2,107,521.00 | 2,416,441.00 |
| Cash at End of Period | 1,587,622.00 | 1,547,740.00 | 2,186,107.00 | 2,088,542.00 | 2,107,521.00 |
| Free Cash Flow | 46,822.00 | 93,736.00 | 55,418.00 | 28,294.00 | 106,126.00 |