MARKETS / NYSE / NTB

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

Revenue

$606.8M

▲ 4.6% YoY

Net income

$231.9M

▲ 7.2% YoY

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

Compound annual growth

Revenue

+3.4%

+4.2%

+5.2%

Net income

+2.7%

+9.5%

+11.6%

EPS, diluted

+8.4%

+13.5%

+16.1%

Dividend / share

+2.2%

+1.3%

+14.2%

Returned to shareholders

+35.0%

+5.2%

+3.7%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +4.2% a year over five years — 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%

ROE

FY2025 · ROE 21.4%

Gross margin—

Operating margin39.2%

Net margin38.2%

Return on assets1.6%

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

Net buybacks $M Dividends $M

FY2025 · Dividends 77.7 · Net buybacks 146.7

Dividends paidUSD 77.7M

Net buybacksUSD 146.7M

Share of profit96.8%

Consecutive raises1 years

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

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue $B	0.6	0.6	0.6	0.5	0.5	0.5	0.5	0.5	0.5	0.4	0.4	0.4
Operating income $B	0.2	0.2	0.2	0.2	0.2	0.1	0.2	·	·	·	·	·
EBITDA $B	0.3	0.3	0.3	0.3	0.2	0.2	0.2	·	·	·	·	·
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	−0.0
Net income $B	0.2	0.2	0.2	0.2	0.2	0.1	0.2	0.2	0.2	0.1	0.1	0.1
Free cash flow $B	·	·	·	·	·	·	·	0.3	0.2	0.2	0.2	0.1
EPS, diluted $	5.47	·	·	·	·	·	·	·	·	·	1.23	1.65
Dividend / sh $	1.88	1.76	1.76	1.76	1.76	1.76	1.76	1.52	1.28	0.40	0.50	0.50
Payout %	34	37	38	41	54	60	53	43	46	17	32	25
ROE %	21.4	21.4	24.1	23.2	16.6	15.1	19.2	22.9	20.0	15.9	9.7	12.7
Shares out B	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.06	0.05	0.05	0.05	·

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

Provenance

Company facts, as filed

How we verify · 0 failures in 23 reconciliationsAUDITED

Reconciled in 12 of 19 fiscal years. 34 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityCommercial Banks, NEC

Listed onNYSE

Incorporated inoutside the United States — SEC code D0

Fiscal year endsDecember 31

Data on record since2014