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Financials · NTB

Bank of N.T. Butterfield & Son Limited Voting (NTB) financials

For fiscal 2025 (ended Dec 31, 2025), Bank of N.T. Butterfield & Son Limited Voting reported $606.79M of revenue and $231.94M of net income.

Revenue, FY2025
$606.79M
Revenue growth, YoY
+4.6%
Net income, FY2025
$231.94M
Net income growth, YoY
+7.2%
Net margin
38.2%
EPS, diluted, FY2025
$5.47
EPS growth, YoY
+16.1%
Cash
$1.71B
Total debt
$0
P/E
9.69
P/S
3.70
Market cap
$2.25B
Annual revenue$606.79M
FY2016FY2025
Annual net income$231.94M
FY2016FY2025
Annual free cash flow$278.14M
FY2016FY2018

NTB revenue and earnings growth

NTB revenueFY2025$606.79M

FY YoY
+4.6%
5Y CAGR
+4.2%
10Y CAGR
+5.0%

NTB revenue was $606.79M for fiscal 2025 (ended Dec 31, 2025), up 4.6% from fiscal 2024. Compound annual growth was +4.2% over 5 years and +5.0% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 12 fiscal years on file.

NTB net incomeFY2025$231.94M

FY YoY
+7.2%
5Y CAGR
+9.5%
10Y CAGR
+11.6%

NTB net income was $231.94M for fiscal 2025 (ended Dec 31, 2025), up 7.2% from fiscal 2024. Compound annual growth was +9.5% over 5 years and +11.6% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 12 fiscal years on file.

NTB EPSFY2025$5.47

FY YoY
+16.1%
5Y CAGR
+13.5%

NTB diluted EPS was $5.47 for fiscal 2025 (ended Dec 31, 2025), up 16.1% from fiscal 2024. Compound annual growth was +13.5% over 5 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$606.79M$579.93M$578.60M$549.30M$499.68M$494.19M$532.63M$517.81M$454.68M$402.57M
Interest expense--$178.67M$54.80M$25.09M$34.41M$59.38M$24.60M$15.88M$16.45M
Pre-tax income$237.97M$220.85M$226.26M$217.70M$165.79M$149.59M$175.70M$196.47M$154.34M$116.67M
Income tax$6.02M$4.53M$767.0K$3.68M$3.12M$2.38M-$1.37M$1.28M$1.09M$727.0K
Net income$231.94M$216.32M$225.49M$214.02M$162.67M$147.22M$177.07M$195.18M$153.25M$115.94M
EPS, basic$5.61$4.80$4.62$4.32$3.28$2.91$3.33$3.55$2.82$1.20
EPS, diluted$5.47$4.71$4.58$4.29$3.26$2.90$3.30$3.50$2.76$1.18

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$1.71B$2.00B$1.67B$2.12B$2.20B$3.31B$2.58B$2.07B$1.56B$2.12B
Goodwill$25.39M$23.62M$24.11M$22.89M$25.36M$25.63M$24.84M$23.99M$21.53M$19.62M
Total assets$14.09B$14.23B$13.37B$14.31B$15.34B$14.74B$13.92B$10.77B$10.78B$11.10B
Total debt$0$98.72M$98.49M$172.29M$171.88M$171.46M$143.50M$143.32M$117.00M$117.00M
Total liabilities$12.95B$13.21B$12.37B$13.44B$14.36B$13.76B$12.96B$9.89B$9.96B$10.39B
Shareholders' equity$1.14B$1.02B$1.00B$864.82M$977.49M$981.95M$963.74M$882.34M$822.88M$710.74M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$279.56M$265.43M$300.29M$219.27M$251.35M$188.15M$248.72M$296.67M$242.12M$178.64M
Capital expenditures-------$18.53M$19.22M$9.80M
Free cash flow-------$278.14M$222.90M$168.83M
Investing cash flow$102.36M-$581.02M$681.80M$292.02M-$1.91B-$41.71M$1.09B$338.22M-$164.30M-$1.19B
Financing cash flow-$745.64M$735.56M-$1.45B-$506.81M$535.78M$546.45M-$919.43M-$125.15M-$686.28M$939.59M
Dividends paid$77.72M$79.58M$86.19M$87.34M$87.28M$88.93M$93.64M$83.70M$69.73M$19.35M
Share repurchases$146.69M$155.31M$88.59M$3.90M$19.75M$86.64M$81.53M$48.44M$0$1.63M
Stock-based compensation$22.25M$21.00M$20.81M$17.08M$15.15M$15.24M$17.72M$12.58M$8.41M$14.42M
Depreciation and amortization$36.82M$42.16M$36.21M$40.18M$69.46M$62.44M$48.39M$46.48M$50.40M$52.26M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY4.6%0.2%5.3%9.9%1.1%-7.2%2.9%13.9%12.9%7.7%
Net income growth, YoY7.2%-4.1%5.4%31.6%10.5%-16.9%-9.3%27.4%32.2%49.1%
EPS growth, YoY16.1%2.8%6.8%31.6%12.4%-12.1%-5.7%26.8%--
Net margin38.2%37.3%39.0%39.0%32.6%29.8%33.2%37.7%33.7%28.8%
Free cash flow margin-------53.7%49.0%41.9%
Return on equity20.3%21.2%22.5%24.7%16.6%15.0%18.4%22.1%18.6%16.3%
Return on assets1.6%1.5%1.7%1.5%1.1%1.0%1.3%1.8%1.4%1.0%
Debt to equity0.000.100.100.200.180.170.150.160.140.16

Source: XBRL data Bank of N.T. Butterfield & Son Limited Voting files with the SEC, latest filing dated Feb 18, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

NTB peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
NTB$606.79M+4.6%$231.94M38.2%$2.25B
RYC$66.61B+16.1%C$20.36B30.6%$282.66B
MUFG¥11.87T+9.5%¥1.73T14.6%$257.53B
TDC$67.78B+18.4%C$20.54B30.3%$202.90B
SAN€55.32B-1.5%€14.10B25.5%$180.35B
SMFG¥4.35T+13.6%¥1.14T26.1%$154.95B
BBVA--€10.51B-$149.88B
HDB₹2.50T+5.2%₹704.79B28.2%$132.41B

NTB FAQ

7 questions
  • What is NTB revenue?
    Bank of N.T. Butterfield & Son Limited Voting (NTB) reported $606.79M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 4.6% from the year before.
  • Is NTB profitable?
    Yes. Bank of N.T. Butterfield & Son Limited Voting earned $231.94M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 38.2%.
  • How much cash and debt does NTB have?
    Bank of N.T. Butterfield & Son Limited Voting reported $1.71B in cash and cash equivalents and $0 of debt on its most recent balance sheet in SEC filings.
  • How fast is NTB revenue growing?
    Bank of N.T. Butterfield & Son Limited Voting's revenue changed +4.6% in fiscal 2025, to $606.79M. Its compound annual growth rate was +4.2% over 5 years and +5.0% over 10 years.
  • What is NTB earnings per share?
    Diluted earnings per share were $5.47 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did NTB last report financial results?
    The latest statements here come from Bank of N.T. Butterfield & Son Limited Voting's 20-F filed on Feb 18, 2026, covering the period ended Dec 31, 2025.
  • Where does this NTB financial data come from?
    Quantisnow builds these statements from the structured XBRL data Bank of N.T. Butterfield & Son Limited Voting files with the SEC. It is provided for information only and is not investment advice.