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

NTB Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	2,413	2,286	2,491	2,998	3,759
Investment Securities	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	6,718	5,739	6,251	6,677	5,404
Gross Loans	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	4,474	4,746	5,096	5,241	5,161
Property, Plant & Equipment	187.19	186.08	165.98	171.38	192.01
Goodwill	23.62	24.11	22.89	25.36	25.63
Other Intangible Assets	67.93	76.53	65.29	67.58	72.18
Accrued Interest Receivable	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	246.8	263.86	177.78	120.31	82.63
Total Assets	14,231	13,374	14,306	15,335	14,739
Interest Bearing Deposits	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	12,746	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	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	13,211	12,370	13,441	14,358	13,757
Common Stock	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	1,021	1,004	864.82	977.49	981.95
Shareholders' Equity	1,021	1,004	864.82	977.49	981.95
Total Liabilities & Equity	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)	3,425	2,330	2,346	2,888	3,721
Net Cash Growth	47.01%	-0.69%	-18.77%	-22.38%	20.19%
Net Cash Per Share	74.62	47.28	47.06	57.91	73.18
Filing Date Shares Outstanding	42.92	46.91	49.66	49.29	49.39
Total Common Shares Outstanding	42.92	46.91	49.66	49.29	49.39
Book Value Per Share	23.78	21.39	17.42	19.83	19.88
Tangible Book Value	929.27	902.96	776.64	884.56	884.14
Tangible Book Value Per Share	21.65	19.25	15.64	17.95	17.90

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