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

NTB Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Net Income	231.94	216.32	225.49
Depreciation & Amortization	36.82	42.16	36.21
Provision for Credit Losses	0.22	1.66	4.45
Stock-Based Compensation	22.25	21	20.81
Other Adjustments	-0.16	0.42	6.8
Changes in Accrued Interest and Accounts Receivable	15.28	-10.01	4.62
Changes in Accrued Expenses	-26.79	-6.11	1.9
Operating Cash Flow	279.56	265.43	300.29
Operating Cash Flow Growth	5.32%	-11.61%	-
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements	165.3	-1,041	-127.4
Net Change in Loans Held-for-Investment	226.96	236.98	457.3
Net Change in Securities and Investments	-265.15	243.88	405.54
Capital Expenditures	-24.75	-21.05	-26.93
Purchases of Intangible Assets	-	-0.48	-27.34
Other Investing Activities	-	0.59	0.65
Investing Cash Flow	102.36	-581.02	681.8
Net Change in Deposits	-331.2	873.12	-1,198
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	-90.03	97.33	-
Long-Term Debt Repaid	-100	-	-75
Net Long-Term Debt Issued (Repaid)	-100	-	-75
Repurchase of Common Stock	-146.69	-155.31	-88.59
Net Common Stock Issued (Repurchased)	-146.69	-155.31	-88.59
Common Dividends Paid	-77.72	-79.58	-86.19
Financing Cash Flow	-745.64	735.56	-1,448
Effect of Exchange Rate Changes on Cash and Cash Equivalents	51.86	-3.69	21.55
Net Cash Flow	-311.86	416.28	-444.29
Free Cash Flow	254.81	244.38	273.36
Free Cash Flow Growth	4.27%	-10.60%	-
FCF Margin	41.99%	42.14%	47.24%
Free Cash Flow Per Share	6.01	5.32	5.55
Levered Free Cash Flow	132.51	221.3	166.29
Unlevered Free Cash Flow	0.57	4.98	15.8

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

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