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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,501	2,413	2,286	2,491	2,998	3,759
Investment Securities	7,662	6,667	5,720	6,226	6,642	5,338
Trading Asset Securities	-	35.48	2.34	6.51	8.12	6.69
Mortgage-Backed Securities	-	15.36	17.13	19	27.34	59.7
Total Investments	7,662	6,718	5,739	6,251	6,677	5,404
Gross Loans	4,468	4,499	4,772	5,121	5,269	5,195
Allowance for Loan Losses	-	-25.71	-25.76	-24.96	-28.07	-34.1
Net Loans	4,468	4,474	4,746	5,096	5,241	5,161
Property, Plant & Equipment	159	187.19	186.08	165.98	171.38	192.01
Goodwill	-	23.62	24.11	22.89	25.36	25.63
Other Intangible Assets	89	67.93	76.53	65.29	67.58	72.18
Accrued Interest Receivable	208	8	23.1	16.6	7.6	8.7
Restricted Cash	-	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	-1	246.8	263.86	177.78	120.31	82.63
Total Assets	14,086	14,231	13,374	14,306	15,335	14,739
Interest Bearing Deposits	12,721	5,680	5,689	6,911	8,169	7,645
Institutional Deposits	-	4,378	3,641	3,040	2,880	2,593
Non-Interest Bearing Deposits	-	2,688	2,657	3,040	2,821	3,012
Total Deposits	12,721	12,746	11,987	12,991	13,870	13,250
Short-Term Borrowings	-	94.6	13.97	6.25	3.42	25.53
Current Portion of Leases	-	5.25	-	-	-	-
Accrued Interest Payable	259	152.16	149.55	146.65	147.17	133.39
Long-Term Debt	-	98.73	98.49	172.29	171.88	171.46
Long-Term Leases	-	30.36	33.01	32.97	38.79	44.94
Pension & Post-Retirement Benefits	-	83.59	88.69	92.02	126.23	131.28
Total Liabilities	12,980	13,211	12,370	13,441	14,358	13,757
Common Stock	1,106	0.44	0.48	0.5	0.5	0.5
Additional Paid-In Capital	-	916.39	988.9	1,033	1,018	1,013
Retained Earnings	-	422.46	342.52	229.73	104.33	33.92
Treasury Stock	-	-23.06	-18.1	-20.6	-20.06	-16.12
Comprehensive Income & Other	-	-295.42	-310.2	-377.45	-124.92	-49.68
Total Common Equity	1,106	1,021	1,004	864.82	977.49	981.95
Shareholders' Equity	1,106	1,021	1,004	864.82	977.49	981.95
Total Liabilities & Equity	14,086	14,231	13,374	14,306	15,335	14,739
Total Debt	-	228.93	145.48	211.51	214.09	241.94
Net Cash (Debt)	2,657	3,425	2,330	2,346	2,888	3,721
Net Cash Growth	-16.84%	47.01%	-0.69%	-18.77%	-22.38%	20.19%
Net Cash Per Share	61.56	74.62	47.28	47.06	57.91	73.18
Filing Date Shares Outstanding	40.73	42.92	46.91	49.66	49.29	49.39
Total Common Shares Outstanding	40.73	42.92	46.91	49.66	49.29	49.39
Book Value Per Share	27.15	23.78	21.39	17.42	19.83	19.88
Tangible Book Value	1,017	929.27	902.96	776.64	884.56	884.14
Tangible Book Value Per Share	24.97	21.65	19.25	15.64	17.95	17.90

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

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