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NYSE · COMMERCIAL BANKS, NEC · LARGE CAP

Bank of N.t. Butterfield & Son Ltd. NTB

12 fiscal years on record · USD · FY2025 reported · SEC filings only
$606.8M
▲ 4.6% YoY
$231.9M
▲ 7.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The Bank of N.T. Butterfield & Son Limited operates as a full-service bank and wealth manager headquartered in Hamilton, Bermuda. As at December 31, 2025, it had $14.1 billion in total assets, $4.4 billion in net loans, $12.7 billion in total deposits, $134.7 billion of trust assets under administration, $32.3 billion of custody assets under administration and $6.9 billion of assets under management. The Bank operates its business through three geographic segments: Bermuda, the Cayman Islands, and the Channel Islands and the UK. Its wealth management platform has three lines of business: trust, private banking and asset management. The Bank is a Bermuda company incorporated under the laws of Bermuda on October 22, 1904, pursuant to The N.T. Butterfield & Son Bank Act, 1904. Its origin dates back to the founding of the trading firm of Nathaniel Butterfield circa 1784.

Written from the business description in Bank of N.T. Butterfield & Son Ltd's annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth

USD 606.8M
Revenue, FY2025 · full 12-year series below
Revenue $M Net income $M
FY2025 · Revenue 606.8 · Net income 231.9
250.0M500.0M
20142017202020232025
Compound annual growth
+3.4%
+4.2%
+5.2%
+2.7%
+9.5%
+11.6%
+8.4%
+13.5%
+16.1%
+2.2%
+1.3%
+14.2%
+35.0%
+5.2%
+3.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.2% a year over the five years to FY2025 — but profit grew faster: net income at +9.5%, earnings per share at +13.5%.

The share count fell from 0.05B to 0.04B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

38 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 39.2% · Net 38.2%
10%20%30%
201420192025
ROE
FY2025 · ROE 21.4%
10%20%
201420192025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.
Gross margin·
Operating margin39.2%
Net margin38.2%
EBITDAUSD 274.8M

Each USD of equity produced 21 cents of profit this year.

Cash & shareholders

USD 224.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2018 · FCF 278.1
100M200M
201420192025
Net buybacks $M Dividends $M
FY2025 · Dividends 77.7 · Net buybacks 146.7
100M200M-50M-100MDividendsNet buybacks
2014201620182020202220242025
Dividends paidUSD 77.7M
Net buybacksUSD 146.7M
Share of profit96.8%
Consecutive raises1 year

USD 77.7M in dividends and USD 146.7M in buybacks — 97% of the year's profit went back to shareholders.

Total assetsUSD 14.1B
EquityUSD 1.1B
CashUSD 1.7B
Gross debtUSD 0.00
Net debtUSD -1.7B
DepositsUSD 12.7B

The company holds more cash than debt.

The 12-year record

12 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
NTB, 12-year financial record
Metric 202520242023202220212020201920182017201620152014
Revenue $B0.60.60.60.50.50.50.50.50.50.40.40.4
Operating income $B0.20.20.20.20.20.10.2◌◌◌◌◌
EBITDA $B0.30.30.30.30.20.20.2◌◌◌◌◌
Income tax $B0.00.00.00.00.00.0−0.00.00.00.00.0−0.0
Net income $B0.20.20.20.20.20.10.20.20.20.10.10.1
Free cash flow $B◌◌◌◌◌◌◌0.30.20.20.20.1
EPS, diluted $5.47◌◌◌◌◌◌◌◌◌1.231.65
Dividend / sh $1.881.761.761.761.761.761.761.521.280.400.500.50
Payout %343738415460534346173225
ROE %21.421.424.123.216.615.119.222.920.015.99.712.7
Shares out B0.040.040.050.050.050.050.050.060.050.050.05◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

UNH · BRK-A · BRK-B · CI · ELV · CNC
Provenance

Company facts, as filed

How we verify · 0 failures in 23 reconciliationsAUDITED

Reconciled in 12 of the 12 fiscal years we could check. Eight checks were skipped: the balance sheet is not tagged before 2015. Seven checks were skipped: EPS is not tagged before 2014.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityCommercial Banks, NEC
Listed onNYSE
Incorporated inoutside the United States — SEC code D0
Fiscal year endsDecember 31
Data on record since2014

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