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The Bank of N.T. Butterfield & Son Limited (NTB)
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The Bank of N.T. Butterfield & Son Limited Income Statement 2025-2011 | NTB
Brief overview of revenue and earnings at The Bank of N.T. Butterfield & Son Limited
The conclusions below are based on five years of reported results. Revenue at The Bank of N.T. Butterfield & Son Limited moved from $503 million in 2020 to $607 million in 2025. Overall revenue changed by +20.7%, equal to an annualized rate of about 3.8%. The revenue trend is close to stagnation.
Net income changed from 147 million dollars to 232 million dollars (+57.6%). Net profit ended the five years at a local peak.
Market capitalization changed from 1.8 billion dollars to 2 billion dollars (+11.1%). The financial trend was stronger than the market valuation.
Overall conclusion
The financial profile remains mixed, with strengths and risks moving in different directions. The positive side is supported by improving net profitability. The overall view is constrained by limited revenue growth. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement The Bank of N.T. Butterfield & Son Limited
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
2.03 B | 1.68 B | 1.43 B | 1.45 B | 1.89 B | 1.72 B | 1.29 B | 1.89 B | 2.02 B | 1.36 B | - | - | - | - | - |
Shares |
39.9 M | 43.5 M | 47.5 M | 50.3 M | 49.9 M | 50 M | 53 M | 55.4 M | 54.7 M | 53.3 M | 47.3 M | - | - | - | - |
Historical Prices |
50.8 | 38.7 | 30.1 | 28.8 | 38 | 34.4 | 24.4 | 34.2 | 37 | 25.5 | - | - | - | - | - |
Net Income |
232 M | 216 M | 225 M | 214 M | 163 M | 147 M | 177 M | 195 M | 153 M | 116 M | 77.7 M | 108 M | - | - | - |
Revenue |
607 M | 580 M | 579 M | 549 M | 500 M | 494 M | 533 M | 518 M | 455 M | 403 M | 364 M | 381 M | - | - | - |
Cost of Revenue |
183 M | 174 M | 178 M | 166 M | 161 M | 174 M | 184 M | 160 M | 145 M | 140 M | 135 M | 130 M | - | - | - |
Gross Profit |
424 M | 406 M | 401 M | 383 M | 338 M | 321 M | 349 M | 358 M | 310 M | 262 M | 229 M | 251 M | - | - | - |
Interest Expense |
364 M | 351 M | 179 M | 54.8 M | 25.1 M | 34.4 M | 59.4 M | 24.6 M | 15.9 M | 16.4 M | 23.3 M | 26.6 M | - | - | - |
EBITDA |
36.8 M | 42.2 M | 36.2 M | 40.2 M | 69.5 M | 62.4 M | 48.4 M | 46.5 M | 50.4 M | 52.3 M | 50.1 M | 45.1 M | - | - | - |
Operating Expenses |
424 M | 406 M | 401 M | 383 M | 338 M | 321 M | 416 M | 341 M | 312 M | 302 M | 229 M | 251 M | - | - | - |
General and Administrative Expenses |
- | - | - | - | - | 239 M | 246 M | 220 M | 207 M | 197 M | 192 M | 187 M | - | - | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement The Bank of N.T. Butterfield & Son Limited
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
39.9 M | 43.5 M | 47.5 M | 50.3 M | - | - | - | 49.9 M | - | - | - | 50 M | - | - | - | 53 M | - | - | - | 55.4 M | - | - | - | 54.7 M | - | - | - | 53.3 M | - | - | - | 47.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
232 M | 216 M | 225 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
607 M | 580 M | 579 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
183 M | 174 M | 178 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
424 M | 406 M | 401 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
364 M | 351 M | 179 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
36.8 M | 42.2 M | 36.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
424 M | 406 M | 401 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company The Bank of N.T. Butterfield & Son Limited (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.