Bank of N.T. Butterfield & Son (NTB) financial statements
Bank of N.T. Butterfield & Son reported revenue of $607M in fiscal 2025, up 4.7% a year over 9 years.
Net income was $232M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Bank of N.T. Butterfield & Son's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $403M | $455M | $518M | $533M | $494M | $500M | $549M | $579M | $580M | $607M |
| Interest expense | $16M | $16M | $25M | $59M | $34M | $25M | $55M | $179M | — | — |
| Pre-tax income | $117M | $154M | $196M | $176M | $150M | $166M | $218M | $226M | $221M | $238M |
| Income tax | $727,000 | $1M | $1M | -$1M | $2M | $3M | $4M | $767,000 | $5M | $6M |
| Net income | $116M | $153M | $195M | $177M | $147M | $163M | $214M | $225M | $216M | $232M |
| EPS (diluted) | $1.18 | $2.76 | $3.50 | $3.30 | $2.90 | $3.26 | $4.29 | $4.58 | $4.71 | $5.47 |
| Net margin | 28.8% | 33.7% | 37.7% | 33.2% | 29.8% | 32.6% | 39.0% | 39.0% | 37.3% | 38.2% |
Balance sheet
Fiscal years, from Bank of N.T. Butterfield & Son's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2.1B | $1.5B | $2.1B | $2.6B | $3.3B | $2.2B | $2.1B | $1.6B | $2.0B | $1.7B |
| Property, plant and equipment | $168M | $165M | $158M | $158M | $151M | $139M | $146M | $154M | $154M | $159M |
| Goodwill | $20M | $22M | $24M | $25M | $26M | $25M | $23M | $24M | $24M | $25M |
| Total assets | $11.1B | $10.8B | $10.8B | $13.9B | $14.7B | $15.3B | $14.3B | $13.4B | $14.2B | $14.1B |
| Total liabilities | $10.4B | $10.0B | $9.9B | $13.0B | $13.8B | $14.4B | $13.4B | $12.4B | $13.2B | $13.0B |
| Shareholders' equity | $711M | $823M | $882M | $964M | $982M | $977M | $865M | $1.0B | $1.0B | $1.1B |
| Net debt | -$2.1B | -$1.5B | -$2.1B | -$2.6B | -$3.3B | -$2.2B | -$2.1B | -$1.6B | -$2.0B | -$1.7B |
Cash flow
Fiscal years, from Bank of N.T. Butterfield & Son's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $179M | $242M | $297M | $249M | $188M | $251M | $219M | $300M | $265M | $280M |
| Capital spending | $10M | $19M | $19M | — | — | — | — | — | — | — |
| Free cash flow | $169M | $223M | $278M | — | — | — | — | — | — | — |
| Stock-based compensation | $14M | $8M | $13M | $18M | $15M | $15M | $17M | $21M | $21M | $22M |
| Dividends paid | $19M | $70M | $84M | $94M | $89M | $87M | $87M | $86M | $80M | $78M |
| Share buybacks (net) | -$2M | $0 | -$48M | -$82M | -$87M | -$20M | -$4M | -$89M | -$155M | -$147M |
| Net borrowing | $0 | $0 | -$47M | $0 | -$70M | $0 | $0 | -$75M | $0 | -$100M |
| Free cash flow margin | 41.9% | 49.0% | 53.7% | — | — | — | — | — | — | — |
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What was Bank of N.T. Butterfield & Son's revenue in 2025?
$607M in fiscal 2025, from its 10-K filing.
From Bank of N.T. Butterfield & Son's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.