The Bank of N.T. Butterfield & Son Limited (NTB) — Financial statements
Income statement, balance sheet, and cash flow for The Bank of N.T. Butterfield & Son Limited — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 800↓2.0% | 816↑7.2% | 762↑25.6% | 606↑16.3% | 522 | |
| Cost of Revenue | 193↓18.2% | 236↑29.0% | 183↑220.2% | 57↑160.4% | 22 | |
| Gross Profit | 607↑4.5% | 580↑0.3% | 579↑5.4% | 549↑9.9% | 500 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 186↑4.7% | 177↓2.4% | 182↑6.6% | 170↑3.1% | 165 | |
| Selling & Marketing Expenses | 7↑4.1% | 7↑1.1% | 6↑1.6% | 6↑39.4% | 5 | |
| SG&A Expenses | 192↑4.7% | 184↓2.3% | 188↑6.4% | 177↑4.1% | 170 | |
| Other Expenses | 176↑0.4% | 176↑6.9% | 164↑6.2% | 155↓5.6% | 164 | |
| Operating Expenses | 369↑2.6% | 359↑2.0% | 353↑6.3% | 332↓0.7% | 334 | |
| Total Costs & Expenses | 562↓5.7% | 596↑11.2% | 536↑37.8% | 389↑9.3% | 356 | |
| Operating Results | ||||||
| Operating Income | 238↑7.8% | 221↓2.4% | 226↑3.9% | 218↑31.3% | 166 | |
| Depreciation & Amortization | 29↓31.6% | 42↑16.4% | 36↓9.9% | 40↓42.2% | 69 | |
| EBITDA | 267↑1.4% | 263↑0.2% | 262↑1.8% | 258↑9.6% | 235 | |
| EBIT | 238↑7.8% | 221↓2.4% | 226↑3.9% | 218↑31.3% | 166 | |
| Interest & Other Income | ||||||
| Net Interest Income | 364↑3.7% | 351↓4.3% | 367↑6.8% | 344↑14.6% | 300 | |
| Interest Income | 557↓4.9% | 586↑7.3% | 546↑58.8% | 344↑14.6% | 300 | |
| Interest Expense | 193↓17.7% | 235↑31.3% | 179 | 0.00 | 0.00 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 238↑7.8% | 221↓2.4% | 226↑3.9% | 218↑31.3% | 166 | |
| Income Tax Expense | 6↑32.4% | 5↑490.7% | 0.77↓79.2% | 4↑17.9% | 3 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 232↑7.3% | 216↓4.1% | 225↑5.4% | 214↑31.6% | 163 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 232↑7.2% | 216↓4.1% | 225↑5.4% | 214↑31.6% | 163 | |
| Bottom-Line Net Income | 232↑7.2% | 216↓4.1% | 225↑5.4% | 214↑31.6% | 163 | |
| EPS (Basic) | 5.61↑16.9% | 4.80↑3.9% | 4.62↑6.9% | 4.32↑31.7% | 3.28 | |
| EPS (Diluted) | 5.47↑16.1% | 4.71↑2.8% | 4.58↑6.8% | 4.29↑31.6% | 3.26 | |
| Weighted Average Shares | 42↓7.6% | 45↓7.7% | 49↓1.6% | 50↑0.1% | 50 | |
| Weighted Average Diluted Shares | 42↓5.9% | 45↓8.6% | 49↓1.2% | 50↓0.0% | 50 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.