The Bank of N.T. Butterfield & Son Limited (NTB)

NTB 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	284.84	304.11	317.36	249.39	221.54	230.66
Interest Income on Investments	280.94	281.61	228.27	148.99	103.35	121.35
Total Interest Income	565.78	585.72	545.63	398.38	324.9	352.01
Interest Paid on Deposits	199.38	227	170.5	45.18	15.49	25.12
Interest Paid on Borrowings	6.31	7.51	8.17	9.62	9.6	9.29
Total Interest Expense	205.69	234.51	178.67	54.8	25.09	34.41
Net Interest Income	360.09	351.2	366.96	343.58	299.81	317.6
Net Interest Income Growth (YoY)	3.03%	-4.29%	6.80%	14.60%	-5.60%	-8.13%
Trust Income	114.75	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	125.6	119.17	112.75	112	98	88.28
Total Non-Interest Income	240.03	230.39	216.09	208.11	196.75	185.08
Non-Interest Income Growth (YoY)	5.88%	6.62%	3.84%	5.78%	6.30%	-0.89%
Revenues Before Loan Losses	600.12	581.6	583.05	551.69	496.55	502.68
Provision for Loan Losses	0.67	1.66	4.45	2.4	-3.13	8.49
Revenue	599.45	579.93	578.6	549.3	499.68	494.19
Revenue Growth (YoY)	4.60%	0.23%	5.33%	9.93%	1.11%	-7.22%
Salaries and Employee Benefits	157.19	155.45	155.12	152.89	148.55	153.06
Occupancy Expenses	34.28	34.08	31.37	31.44	30.86	29.39
Amortization of Goodwill & Intangibles	8.09	8.01	5.73	5.68	6.01	5.82
Selling, General & Administrative	115.37	116.28	110.3	99.81	104.96	106.11
Other Non-Interest Expense	44.46	43.77	42.22	41.77	42.01	42.22
Total Non-Interest Expense	359.38	357.59	344.74	331.6	332.39	336.59
EBT Excluding Unusual Items	240.07	222.35	233.86	217.7	167.29	157.6
Other Unusual Items	-1.5	-1.5	-	-	-	-
Pretax Income	233.07	220.85	226.26	217.7	165.79	149.6
Income Tax Expense	5.34	4.53	0.77	3.68	3.12	2.38
Net Income	227.73	216.32	225.49	214.02	162.67	147.22
Net Income to Common	227.73	216.32	225.49	214.02	162.67	147.22
Net Income Growth	8.30%	-4.07%	5.36%	31.57%	10.50%	-16.86%
Basic Shares Outstanding	42	45	49	50	50	51
Diluted Shares Outstanding	43	46	49	50	50	51
Shares Change (YoY)	-7.64%	-6.86%	-1.17%	-0.03%	-1.92%	-5.24%
EPS (Basic)	5.40	4.80	4.62	4.32	3.28	2.91
EPS (Diluted)	5.27	4.71	4.58	4.29	3.26	2.90
EPS Growth	17.07%	2.84%	6.76%	31.60%	12.41%	-12.12%
Dividend Per Share	1.820	1.760	1.760	1.760	1.760	1.760
Dividend Growth	3.41%	-	-	-	-	-
Effective Tax Rate	2.29%	2.05%	0.34%	1.69%	1.88%	1.59%

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q