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Banks · Financial Services · Fiscal year ends Dec 31
Bank of N.T. Butterfield & Son reported revenue of $607M in the fiscal year ended Dec 2025, up 4.6% from the year before. Net income was $232M. It held more cash than debt (net cash $1.7B).
Ranks among the 59 banks companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 500 | 549 | 579 | 580 | 607 |
| Net interest incomeBanks | 300 | 344 | 367 | 351 | 364 |
| Interest expense | 25.1 | 54.8 | 179 | 235 | 193 |
| Pre-tax income | 166 | 218 | 226 | 221 | 238 |
| Income tax | 3.1 | 3.7 | 0.8 | 4.5 | 6.0 |
| Net income | 163 | 214 | 225 | 216 | 232 |
| Diluted EPS | 3.26 | 4.29 | 4.58 | 4.71 | 5.47 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 2,180 | 2,101 | 1,647 | 1,998 | 1,709 |
| Net PP&E | 139 | 146 | 154 | 154 | 159 |
| Goodwill | 25.4 | 22.9 | 24.1 | 23.6 | 25.4 |
| Total assets | 15,335 | 14,306 | 13,374 | 14,231 | 14,095 |
| Long-term debt | 172 | 172 | 98.5 | 98.7 | 0.0 |
| DepositsBanks | 13,870 | 12,991 | 11,987 | 12,746 | 12,698 |
| Total liabilities | 14,358 | 13,441 | 12,370 | 13,211 | 12,953 |
| Shareholders' equity | 977 | 865 | 1,004 | 1,021 | 1,142 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 251 | 219 | 300 | 265 | 280 |
| Depreciation & amortisation | 69.5 | 40.2 | 36.2 | 42.2 | 36.8 |
| Stock-based compensation | 15.2 | 17.1 | 20.8 | 21.0 | 22.2 |
| Share buybacks | 19.8 | 3.9 | 88.6 | 155 | 147 |
| Dividends paid | 87.3 | 87.3 | 86.2 | 79.6 | 77.7 |
| Dividend per share | 1.76 | 1.76 | 1.76 | 1.76 | 1.88 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 9.9% | 5.3% | 0.2% | 4.6% |
| EPS growth (YoY) | – | 31.6% | 6.8% | 2.8% | 16.1% |
| Net margin | 32.6% | 39.0% | 39.0% | 37.3% | 38.2% |
| Return on equityBlank when equity is negative | 16.6% | 24.7% | 22.5% | 21.2% | 20.3% |
| Cash conversion (CFO ÷ net income) | 1.55x | 1.02x | 1.33x | 1.23x | 1.21x |
| Debt ÷ equity | 0.18x | 0.20x | 0.10x | 0.10x | 0.00x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −2,008 | −1,928 | −1,548 | −1,899 | −1,709 |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.