The Bank of N.T. Butterfield & Son Limited
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $606.8M | $579.9M | $578.6M | $549.3M | $499.7M | $494.2M | $532.6M | $517.8M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $238.0M | $220.8M | $404.9M | $272.5M | $190.9M | $184.0M | $235.1M | $221.1M |
| Operating Margin | 39.2% | 38.1% | 70.0% | 49.6% | 38.2% | 37.2% | 44.1% | 42.7% |
| Interest Expense | — | — | $178.7M | $54.8M | $25.1M | $34.4M | $59.4M | $24.6M |
| Pretax Income | $238.0M | $220.8M | $226.3M | $217.7M | $165.8M | $149.6M | $175.7M | $196.5M |
| Income Tax Expense | $6.0M | $4.5M | $767.0K | $3.7M | $3.1M | $2.4M | $-1.4M | $1.3M |
| Net Income | $231.9M | $216.3M | $225.5M | $214.0M | $162.7M | $147.2M | $177.1M | $195.2M |
| Net Margin | 38.2% | 37.3% | 39.0% | 39.0% | 32.6% | 29.8% | 33.2% | 37.7% |
| EPS (Basic) | $5.61 | $4.80 | $4.62 | $4.32 | $3.28 | $2.91 | $3.33 | $3.55 |
| EPS (Diluted) | $5.47 | $4.71 | $4.58 | $4.29 | $3.26 | $2.90 | $3.30 | $3.50 |
| Shares Outstanding (Basic) | 39.9M | 43.5M | 47.5M | 50.3M | 49.9M | 50.0M | 53.0M | 55.4M |
| Shares Outstanding (Diluted) | 39.9M | 43.5M | 47.5M | 50.3M | 49.9M | 50.0M | 53.0M | 55.4M |
| Dividends Per Share | $1.88 | $1.76 | $1.76 | $1.76 | $1.76 | $1.76 | $1.76 | $1.52 |