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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,884	2,413	2,286	2,491	2,998	3,759
Investment Securities	7,047	6,667	5,720	6,226	6,642	5,338
Trading Asset Securities	22.92	35.48	2.34	6.51	8.12	6.69
Mortgage-Backed Securities	14.8	15.36	17.13	19	27.34	59.7
Total Investments	7,085	6,718	5,739	6,251	6,677	5,404
Gross Loans	4,603	4,499	4,772	5,121	5,269	5,195
Allowance for Loan Losses	-25.67	-25.71	-25.76	-24.96	-28.07	-34.1
Net Loans	4,578	4,474	4,746	5,096	5,241	5,161
Property, Plant & Equipment	196.53	187.19	186.08	165.98	171.38	192.01
Goodwill	25.83	23.62	24.11	22.89	25.36	25.63
Other Intangible Assets	66.33	67.93	76.53	65.29	67.58	72.18
Accrued Interest Receivable	10.6	8	23.1	16.6	7.6	8.7
Restricted Cash	97.68	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	240.99	246.8	263.86	177.78	120.31	82.63
Total Assets	14,185	14,231	13,374	14,306	15,335	14,739
Interest Bearing Deposits	6,327	5,680	5,689	6,911	8,169	7,645
Institutional Deposits	3,906	4,378	3,641	3,040	2,880	2,593
Non-Interest Bearing Deposits	2,605	2,688	2,657	3,040	2,821	3,012
Total Deposits	12,838	12,746	11,987	12,991	13,870	13,250
Short-Term Borrowings	22.92	94.6	13.97	6.25	3.42	25.53
Current Portion of Leases	-	5.25	-	-	-	-
Accrued Interest Payable	132.7	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	38.24	30.36	33.01	32.97	38.79	44.94
Pension & Post-Retirement Benefits	84.17	83.59	88.69	92.02	126.23	131.28
Total Liabilities	13,116	13,211	12,370	13,441	14,358	13,757
Common Stock	0.42	0.44	0.48	0.5	0.5	0.5
Additional Paid-In Capital	881.2	916.39	988.9	1,033	1,018	1,013
Retained Earnings	454.52	422.46	342.52	229.73	104.33	33.92
Treasury Stock	-25.47	-23.06	-18.1	-20.6	-20.06	-16.12
Comprehensive Income & Other	-241.53	-295.42	-310.2	-377.45	-124.92	-49.68
Total Common Equity	1,069	1,021	1,004	864.82	977.49	981.95
Shareholders' Equity	1,069	1,021	1,004	864.82	977.49	981.95
Total Liabilities & Equity	14,185	14,231	13,374	14,306	15,335	14,739
Total Debt	61.15	228.93	145.48	211.51	214.09	241.94
Net Cash (Debt)	2,981	3,425	2,330	2,346	2,888	3,721
Net Cash Growth	-14.29%	47.01%	-0.69%	-18.77%	-22.38%	20.19%
Net Cash Per Share	67.61	74.62	47.28	47.06	57.91	73.18
Filing Date Shares Outstanding	41.1	42.92	46.91	49.66	49.29	49.39
Total Common Shares Outstanding	41.1	42.92	46.91	49.66	49.29	49.39
Book Value Per Share	26.01	23.78	21.39	17.42	19.83	19.88
Tangible Book Value	976.98	929.27	902.96	776.64	884.56	884.14
Tangible Book Value Per Share	23.77	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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