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 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
Cash & Equivalents	2,363	2,413	2,286	2,491	2,998	3,759
Investment Securities	6,467	6,667	5,720	6,226	6,642	5,338
Trading Asset Securities	7.54	35.48	2.34	6.51	8.12	6.69
Mortgage-Backed Securities	15.2	15.36	17.13	19	27.34	59.7
Total Investments	6,489	6,718	5,739	6,251	6,677	5,404
Gross Loans	4,544	4,499	4,772	5,121	5,269	5,195
Allowance for Loan Losses	-25.26	-25.71	-25.76	-24.96	-28.07	-34.1
Net Loans	4,518	4,474	4,746	5,096	5,241	5,161
Property, Plant & Equipment	192.94	187.19	186.08	165.98	171.38	192.01
Goodwill	24.33	23.62	24.11	22.89	25.36	25.63
Other Intangible Assets	65.34	67.93	76.53	65.29	67.58	72.18
Accrued Interest Receivable	16.3	8	23.1	16.6	7.6	8.7
Restricted Cash	88.76	90.43	25.61	15.76	23.66	24.91
Long-Term Deferred Tax Assets	-	2.55	3.2	1.93	2.67	4.45
Other Real Estate Owned & Foreclosed	-	-	0.45	0.8	0.69	4.05
Other Long-Term Assets	261.26	246.8	263.86	177.78	120.31	82.63
Total Assets	14,020	14,231	13,374	14,306	15,335	14,739
Interest Bearing Deposits	6,225	5,680	5,689	6,911	8,169	7,645
Institutional Deposits	3,813	4,378	3,641	3,040	2,880	2,593
Non-Interest Bearing Deposits	2,570	2,688	2,657	3,040	2,821	3,012
Total Deposits	12,608	12,746	11,987	12,991	13,870	13,250
Short-Term Borrowings	1.19	94.6	13.97	6.25	3.42	25.53
Current Portion of Leases	-	5.25	-	-	-	-
Accrued Interest Payable	133.25	152.16	149.55	146.65	147.17	133.39
Long-Term Debt	98.78	98.73	98.49	172.29	171.88	171.46
Long-Term Leases	37.2	30.36	33.01	32.97	38.79	44.94
Pension & Post-Retirement Benefits	83.98	83.59	88.69	92.02	126.23	131.28
Total Liabilities	12,962	13,211	12,370	13,441	14,358	13,757
Common Stock	0.43	0.44	0.48	0.5	0.5	0.5
Additional Paid-In Capital	898.73	916.39	988.9	1,033	1,018	1,013
Retained Earnings	439.6	422.46	342.52	229.73	104.33	33.92
Treasury Stock	-23.51	-23.06	-18.1	-20.6	-20.06	-16.12
Comprehensive Income & Other	-257.44	-295.42	-310.2	-377.45	-124.92	-49.68
Total Common Equity	1,058	1,021	1,004	864.82	977.49	981.95
Shareholders' Equity	1,058	1,021	1,004	864.82	977.49	981.95
Total Liabilities & Equity	14,020	14,231	13,374	14,306	15,335	14,739
Total Debt	137.17	228.93	145.48	211.51	214.09	241.94
Net Cash (Debt)	2,969	3,425	2,330	2,346	2,888	3,721
Net Cash Growth	13.96%	47.01%	-0.69%	-18.77%	-22.38%	20.19%
Net Cash Per Share	65.98	74.62	47.28	47.06	57.91	73.18
Filing Date Shares Outstanding	42.2	42.92	46.91	49.66	49.29	49.39
Total Common Shares Outstanding	42.2	42.92	46.91	49.66	49.29	49.39
Book Value Per Share	25.07	23.78	21.39	17.42	19.83	19.88
Tangible Book Value	968.14	929.27	902.96	776.64	884.56	884.14
Tangible Book Value Per Share	22.94	21.65	19.25	15.64	17.95	17.90

Updated Apr 23, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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