The Bank of N.T. Butterfield & Son Limited (FRA:4IK)

FRA:4IK Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	296.56	304.11	317.36	249.39	221.54	230.66
Interest Income on Investments	286.46	281.61	228.27	148.99	103.35	121.35
Total Interest Income	583.02	585.72	545.63	398.38	324.9	352.01
Interest Paid on Deposits	221.93	227	170.5	45.18	15.49	25.12
Interest Paid on Borrowings	7.64	7.51	8.17	9.62	9.6	9.29
Total Interest Expense	229.57	234.51	178.67	54.8	25.09	34.41
Net Interest Income	353.45	351.2	366.96	343.58	299.81	317.6
Net Interest Income Growth (YoY)	-0.91%	-4.29%	6.80%	14.60%	-5.60%	-8.13%
Trust Income	112.96	111.47	103.56	95.67	97.96	93.72
Gain (Loss) on Sale of Investments	-	-	0.03	-0.01	0.75	1.88
Gain (Loss) on Sale of Equity Investments	-0.3	-0.3	-0.2	-	0.1	1.3
Other Non-Interest Income	120.8	119.17	112.75	112	98	88.28
Total Non-Interest Income	233.52	230.39	216.09	208.11	196.75	185.08
Non-Interest Income Growth (YoY)	5.61%	6.62%	3.84%	5.78%	6.30%	-0.89%
Revenues Before Loan Losses	586.97	581.6	583.05	551.69	496.55	502.68
Provision for Loan Losses	1.69	1.66	4.45	2.4	-3.13	8.49
Revenue	585.28	579.93	578.6	549.3	499.68	494.19
Revenue Growth (YoY)	1.89%	0.23%	5.33%	9.93%	1.11%	-7.22%
Salaries and Employee Benefits	155.1	155.45	155.12	152.89	148.55	153.06
Occupancy Expenses	34.08	34.08	31.37	31.44	30.86	29.39
Amortization of Goodwill & Intangibles	7.97	8.01	5.73	5.68	6.01	5.82
Selling, General & Administrative	117.13	116.28	110.3	99.81	104.96	106.11
Other Non-Interest Expense	45.09	43.77	42.22	41.77	42.01	42.22
Total Non-Interest Expense	359.37	357.59	344.74	331.6	332.39	336.59
EBT Excluding Unusual Items	225.91	222.35	233.86	217.7	167.29	157.6
Other Unusual Items	-1.5	-1.5	-	-	-	-
Pretax Income	221.51	220.85	226.26	217.7	165.79	149.6
Income Tax Expense	4.86	4.53	0.77	3.68	3.12	2.38
Net Income	216.65	216.32	225.49	214.02	162.67	147.22
Net Income to Common	216.65	216.32	225.49	214.02	162.67	147.22
Net Income Growth	-0.03%	-4.07%	5.36%	31.57%	10.50%	-16.86%
Basic Shares Outstanding	44	45	49	50	50	51
Diluted Shares Outstanding	45	46	49	50	50	51
Shares Change (YoY)	-7.27%	-6.86%	-1.17%	-0.03%	-1.92%	-5.24%
EPS (Basic)	4.91	4.80	4.62	4.32	3.28	2.91
EPS (Diluted)	4.81	4.71	4.58	4.29	3.26	2.90
EPS Growth	7.69%	2.84%	6.76%	31.60%	12.41%	-12.12%
Dividend Per Share	1.760	1.760	1.760	1.760	1.760	1.760
Effective Tax Rate	2.19%	2.05%	0.34%	1.69%	1.88%	1.59%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.