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

NTB Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	2,305	2,286	2,491	2,998	3,759	3,145
Investment Securities	6,837	5,720	6,226	6,642	5,338	5,048
Trading Asset Securities	2.01	2.34	6.51	8.12	6.69	30.46
Mortgage-Backed Securities	16.31	17.13	19	27.34	59.7	129.33
Total Investments	6,856	5,739	6,251	6,677	5,404	5,208
Gross Loans	4,674	4,772	5,121	5,269	5,195	5,166
Allowance for Loan Losses	-25.79	-25.76	-24.96	-28.07	-34.1	-23.59
Net Loans	4,648	4,746	5,096	5,241	5,161	5,143
Property, Plant & Equipment	185.63	186.08	165.98	171.38	192.01	198.07
Goodwill	25.2	24.11	22.89	25.36	25.63	24.84
Other Intangible Assets	71.51	76.53	65.29	67.58	72.18	79.77
Accrued Interest Receivable	15	23.1	16.6	7.6	8.7	9.2
Restricted Cash	40.33	25.61	15.76	23.66	24.91	28.83
Other Current Assets	-	-	-	-	-	1
Long-Term Deferred Tax Assets	-	3.2	1.93	2.67	4.45	3.87
Other Real Estate Owned & Foreclosed	0.08	0.45	0.8	0.69	4.05	3.84
Other Long-Term Assets	226.25	263.86	177.78	120.31	82.63	76.63
Total Assets	14,373	13,374	14,306	15,335	14,739	13,922
Interest Bearing Deposits	6,072	5,689	6,911	8,169	7,645	7,223
Institutional Deposits	4,245	3,641	3,040	2,880	2,593	2,980
Non-Interest Bearing Deposits	2,420	2,657	3,040	2,821	3,012	2,238
Total Deposits	12,738	11,987	12,991	13,870	13,250	12,442
Short-Term Borrowings	123.03	13.97	6.25	3.42	25.53	29.83
Current Portion of Leases	-	7.16	-	-	-	-
Accrued Interest Payable	226.29	149.55	146.65	147.17	133.39	178.7
Long-Term Debt	98.67	98.49	172.29	171.88	171.46	143.5
Long-Term Leases	33.63	25.85	32.97	38.79	44.94	48.33
Pension & Post-Retirement Benefits	89.51	88.69	92.02	126.23	131.28	110.35
Other Long-Term Liabilities	-	-	-	-	-	5.5
Total Liabilities	13,309	12,370	13,441	14,358	13,757	12,958
Common Stock	0.45	0.48	0.5	0.5	0.5	0.53
Additional Paid-In Capital	937.81	988.9	1,033	1,018	1,013	1,082
Retained Earnings	402.37	342.52	229.73	104.33	33.92	-9.24
Treasury Stock	-22.49	-18.1	-20.6	-20.06	-16.12	-22.02
Comprehensive Income & Other	-253.99	-310.2	-377.45	-124.92	-49.68	-87.1
Total Common Equity	1,064	1,004	864.82	977.49	981.95	963.74
Shareholders' Equity	1,064	1,004	864.82	977.49	981.95	963.74
Total Liabilities & Equity	14,373	13,374	14,306	15,335	14,739	13,922
Total Debt	255.33	145.48	211.51	214.09	241.94	221.66
Net Cash (Debt)	3,195	2,330	2,346	2,888	3,721	3,096
Net Cash Growth	48.48%	-0.69%	-18.77%	-22.38%	20.19%	57.66%
Net Cash Per Share	68.32	47.28	47.06	57.91	73.18	57.70
Filing Date Shares Outstanding	44.17	46.91	49.66	49.29	49.39	52.39
Total Common Shares Outstanding	44.17	46.91	49.66	49.29	49.39	52.39
Book Value Per Share	24.09	21.39	17.42	19.83	19.88	18.40
Tangible Book Value	967.45	902.96	776.64	884.56	884.14	859.13
Tangible Book Value Per Share	21.90	19.25	15.64	17.95	17.90	16.40

Source: S&P Capital IQ. Banks template. Financial Sources.