Bank of N.T. Butterfield & Son Ltd NTB
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Market cap
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS5.47
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $606.8M | $579.9M | $578.6M | $549.3M | $499.7M | $494.2M | $532.6M | $517.8M | $454.7M | $402.6M |
| Interest expense | $364.1M | $351.2M | $367.0M | $343.6M | $25.1M | $34.4M | $59.4M | $24.6M | $15.9M | $16.4M |
| Pre-tax income | $238.0M | $220.8M | $226.3M | $217.7M | $165.8M | $149.6M | $175.7M | $196.5M | $154.3M | $116.7M |
| Income tax | $6.0M | $4.5M | $767.0K | $3.7M | $3.1M | $2.4M | $1.4M | $1.3M | $1.1M | $727.0K |
| Net income | $231.9M | $216.3M | $225.5M | $214.0M | $162.7M | $147.2M | $177.1M | $195.2M | $153.3M | $115.9M |
| 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
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.71B | $2.00B | $1.67B | $2.12B | $2.20B | $3.31B | $2.58B | $2.07B | $1.56B | $2.12B |
| Property, plant and equipment | $158.5M | $153.8M | $154.4M | $146.1M | $138.7M | $150.8M | $158.2M | $158.1M | $164.8M | $167.8M |
| Goodwill | $25.4M | $23.6M | $24.1M | $22.9M | $25.4M | $25.6M | $24.8M | $24.0M | $21.5M | $19.6M |
| Other intangibles | — | — | — | — | — | — | — | $50.8M | $39.1M | $42.3M |
| Total assets | $14.09B | $14.23B | $13.37B | $14.31B | $15.34B | $14.74B | $13.92B | $10.77B | $10.78B | $11.10B |
| Long-term debt | $0 | $98.7M | $98.5M | $172.3M | $171.9M | $171.5M | $143.5M | $143.3M | $117.0M | $117.0M |
| Total liabilities | $12.95B | $13.21B | $12.37B | $13.44B | $14.36B | $13.76B | $12.96B | $9.89B | $9.96B | $10.39B |
| Retained earnings | $494.4M | $422.5M | $342.5M | $229.7M | $104.3M | $33.9M | -$9.2M | -$92.7M | -$204.2M | -$287.7M |
| Total equity | $1.14B | $1.02B | $1.00B | $864.8M | $977.5M | $981.9M | $963.7M | $882.3M | $822.9M | $710.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $279.6M | $265.4M | $300.3M | $219.3M | $251.3M | $188.2M | $248.7M | $296.7M | $242.1M | $178.6M |
| Depreciation and amortisation | $36.8M | $42.2M | $36.2M | $40.2M | $69.5M | $62.4M | $48.4M | $46.5M | $50.4M | $52.3M |
| Stock-based compensation | $22.2M | $21.0M | $20.8M | $17.1M | $15.2M | $15.2M | $17.7M | $12.6M | $8.4M | $14.4M |
| Capital expenditure | — | — | — | — | — | — | — | $18.5M | $19.2M | $9.8M |
| Investing cash flow | $102.4M | -$581.0M | $681.8M | $292.0M | -$1.91B | -$41.7M | $1.09B | $338.2M | -$164.3M | -$1.19B |
| Financing cash flow | -$745.6M | $735.6M | -$1.45B | -$506.8M | $535.8M | $546.4M | -$919.4M | -$125.2M | -$686.3M | $939.6M |
| Dividends paid | $77.7M | $79.6M | $86.2M | $87.3M | $87.3M | $88.9M | $93.6M | $83.7M | $69.7M | $19.3M |
| Buybacks | $146.7M | $155.3M | $88.6M | $3.9M | $19.8M | $86.6M | $81.5M | $48.4M | $0 | $1.6M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001653242-26-000006.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $402.6M | $454.7M | $517.8M | $532.6M | $494.2M | $499.7M | $549.3M | $578.6M | $579.9M | $606.8M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $115.9M | $153.3M | $195.2M | $177.1M | $147.2M | $162.7M | $214.0M | $225.5M | $216.3M | $231.9M |
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