The WACC of Bank of N.T. Butterfield & Son Ltd (NTB) is 6.6%.
| Range | Selected | |
| Cost of equity | 5.80% - 7.90% | 6.85% |
| Tax rate | 1.70% - 1.80% | 1.75% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 5.7% - 7.6% | 6.6% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.41 | 0.55 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 5.80% | 7.90% |
| Tax rate | 1.70% | 1.80% |
| Debt/Equity ratio | 0.12 | 0.12 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 5.7% | 7.6% |
| Selected WACC | 6.6% | |