The Bank of N.T. Butterfield & Son (NTB) Financial Statements & Analysis

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

The Bank of N.T. Butterfield & Son reported revenue of $606.79M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 4.3% from $581.98M a year earlier. Net income was $231.94M, up 7.2% year over year, a net margin of 38.2%. Gross margin was 100.0% and operating margin 39.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $159.95M, up 9.3% from the same quarter a year earlier.

The Bank of N.T. Butterfield & Son Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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The Bank of N.T. Butterfield & Son Limited income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	606.79	581.98	761.89	551.62	499.68	502.07	532.13	510.80	448.80
Cost of Revenue	193.25	236.18	183.12	57.20	21.96	0.00	0.00	0.00	0.01
Gross Profit	606.70	580.32	578.77	549.23	499.59	502.07	532.13	510.80	448.79
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	151.13	183.75	188.10	176.75	142.76	181.81	195.11	226.17	212.97
Operating Expenses	368.83	359.47	352.51	331.52	333.80	502.07	532.13	224.87	214.27
Operating Income	238.00	220.85	226.26	217.70	165.79	0.00	0.00	221.07	0.15
Other Income/Expense
Interest Income	557.11	585.72	545.63	398.38	324.90	352.01	345.70	343.00	289.70
Interest Expense	193.03	234.51	178.67	54.80	25.09	34.41	59.38	24.60	15.89
Other Income/Expense	0.00	0.00	0.00	0.00	-1.15	149.60	175.70	-42.74	-42.61
Income
Income Before Tax	237.97	220.85	226.26	217.70	165.79	149.60	175.70	196.50	154.30
Income Tax Expense	6.02	4.53	0.77	3.68	3.12	2.38	-1.37	1.30	1.10
Net Income	231.94	216.32	225.49	214.02	162.67	147.22	177.08	195.20	153.30
Net Income - Continuous Operations	231.94	216.32	225.49	214.02	162.67	147.22	177.08	195.20	153.30
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	36.82	42.16	262.47	257.88	235.25	0.00	0.00	242.94	0.00
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	8.00	8.01	36.21	5.68	6.01	62.44	48.39	46.48	50.40
Earnings Per Share
Basic EPS	6.00	5.00	5.00	4.00	3.00	3.00	3.00	4.00	3.00
Diluted EPS	5.00	5.00	5.00	4.00	3.00	3.00	3.00	4.00	3.00
Basic Shares Outstanding	41.32	45.06	48.81	49.54	49.53	50.51	53.17	54.99	54.36
Diluted Shares Outstanding	42.42	45.90	49.28	49.86	49.88	50.85	53.66	55.75	55.45

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About The Bank of N.T. Butterfield & Son Financial Statements

What was The Bank of N.T. Butterfield & Son's revenue in fiscal 2025?

The Bank of N.T. Butterfield & Son reported revenue of $606.79M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 4.3% from $581.98M a year earlier.

Is The Bank of N.T. Butterfield & Son profitable?

Yes. The Bank of N.T. Butterfield & Son earned net income of $231.94M in fiscal 2025, a net margin of 38.2%. In fiscal 2024 it earned $216.32M.

What is The Bank of N.T. Butterfield & Son's operating margin?

The Bank of N.T. Butterfield & Son's operating income was $238.00M on revenue of $606.79M in fiscal 2025, an operating margin of 39.2%, compared with 37.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition