The Bank of N.T. Butterfield & Son Limited (NTB) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Net Interest Income | 93.28M | 92.6M | 92.72M | 89.41M | 89.33M | 88.64M | 88.05M | 87.44M | 87.08M | 86.94M | 90.19M | 92.47M | 97.36M | 94.59M | 91.15M | 81.97M | 75.87M | 74.6M | 75.68M | 74.7M |
| NII Growth % | 4.43% | 4.47% | 5.3% | 2.25% | 2.58% | 1.95% | -2.37% | -5.45% | -10.56% | -8.09% | -1.05% | 12.82% | 28.32% | 26.8% | 20.44% | 9.73% | 1.29% | -1.19% | 0.49% | -5.58% |
| Net Interest Margin % | 0.65% | 0.66% | 0.66% | 0.63% | 0.64% | 0.62% | 0.61% | 0.63% | 0.64% | 0.65% | 0.68% | 0.68% | 0.71% | 0.66% | 0.67% | 0.57% | 0.5% | 0.49% | 0.49% | 0.48% |
| Interest Income | 132.68M | 136.78M | 139.4M | 140.91M | 140.01M | 145.45M | 149.97M | 147.58M | 142.71M | 139.56M | 137.69M | 133.92M | 134.46M | 121.5M | 104.65M | 89.74M | 82.52M | 81M | 82M | 80.7M |
| Interest Expense | 39.4M | 44.15M | 46.68M | 51.51M | 50.69M | 56.81M | 61.92M | 60.15M | 55.63M | 52.63M | 47.5M | 41.44M | 37.1M | 26.9M | 13.49M | 7.77M | 6.66M | 6.4M | 6.32M | 6M |
| Loan Loss Provision | -37.99M | -177K | 564K | 209K | -379K | 272K | 1.32M | 483K | -409K | -52.63M | -47.5M | -41.44M | -37.1M | -26.9M | -13.49M | -7.77M | -6.66M | -570K | -6.32M | -6M |
| Non-Interest Income | 23.22M | 66.26M | 61.12M | 57.09M | 58.45M | 63.75M | 55.98M | 55.71M | 55.33M | 5.33M | 4.49M | 12.67M | 13.2M | 28.53M | 36.5M | 44.12M | 44.07M | 51.06M | 42.97M | 43.53M |
| Non-Interest Income % | 14.89% | 32.63% | 30.48% | 28.83% | 29.45% | 30.47% | 27.18% | 27.4% | 27.94% | 3.68% | 3.16% | 8.65% | 8.94% | 19.02% | 25.86% | 32.96% | 34.81% | 38.67% | 34.38% | 35.04% |
| Total Revenue | 155.9M | 203.05M | 200.52M | 198M | 198.47M | 209.2M | 205.96M | 203.29M | 198.04M | 144.9M | 142.19M | 146.59M | 147.65M | 150.03M | 141.14M | 133.86M | 126.59M | 132.06M | 124.97M | 124.23M |
| Revenue Growth % | -21.45% | -2.94% | -2.64% | -2.6% | 0.21% | 44.38% | 44.85% | 38.68% | 34.13% | -3.42% | 0.74% | 9.51% | 16.64% | 13.6% | 12.94% | 7.75% | -1.15% | 0.27% | 1.03% | 2.29% |
| Non-Interest Expense | 90.5M | 92.89M | 90.77M | 91.75M | 93.22M | 91.03M | 88.77M | 91.14M | 88.53M | 72.85M | 142.19M | 146.59M | 147.65M | 150.03M | 141.14M | 133.86M | 126.59M | 83.8M | 124.97M | 124.23M |
| Efficiency Ratio | 58.05% | 45.75% | 45.27% | 46.34% | 46.97% | 43.51% | 43.1% | 44.83% | 44.7% | 50.28% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 63.45% | 100% | 100% |
| Operating Income | 64M | 65.98M | 62.51M | 54.53M | 54.94M | 61.08M | 53.96M | 51.52M | 54.28M | 72.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42.43M | 0 | 0 |
| Operating Margin % | 41.05% | 32.5% | 31.17% | 27.54% | 27.68% | 29.2% | 26.2% | 25.34% | 27.41% | 49.72% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 32.13% | 0% | 0% |
| Operating Income Growth % | 16.48% | 8.02% | 15.85% | 5.84% | 1.21% | -15.22% | - | - | - | - | - | - | - | -100% | - | - | -100% | 0.55% | - | - |
| Pretax Income | 64M | 65.98M | 62.51M | 54.53M | 54.94M | 61.08M | 53.96M | 51.52M | 54.28M | 52.74M | 49.13M | 61.52M | 62.87M | 63.83M | 58.36M | 50.18M | 45.33M | 42.43M | 40.56M | 40.45M |
| Pretax Margin % | 41.05% | 32.5% | 31.17% | 27.54% | 27.68% | 29.2% | 26.2% | 25.34% | 27.41% | 36.4% | 34.55% | 41.96% | 42.58% | 42.55% | 41.35% | 37.49% | 35.81% | 32.13% | 32.45% | 32.56% |
| Income Tax | 1.4M | 2.19M | 1.45M | 1.21M | 1.18M | 1.51M | 1.24M | 931K | 854K | -799K | 381K | 516K | 669K | 723K | 929K | 1.05M | 975K | 779K | 774K | 832K |
| Effective Tax Rate % | 2.19% | 3.32% | 2.31% | 2.22% | 2.15% | 2.47% | 2.3% | 1.81% | 1.57% | -1.51% | 0.78% | 0.84% | 1.06% | 1.13% | 1.59% | 2.1% | 2.15% | 1.84% | 1.91% | 2.06% |
| Net Income | 62.6M | 63.8M | 61.1M | 53.33M | 53.76M | 59.58M | 52.72M | 50.59M | 53.43M | 53.54M | 48.75M | 61M | 62.2M | 63.11M | 57.43M | 49.13M | 44.35M | 41.66M | 39.78M | 39.62M |
| Net Margin % | 40.15% | 31.42% | 30.47% | 26.93% | 27.09% | 28.48% | 25.6% | 24.89% | 26.98% | 36.95% | 34.28% | 41.61% | 42.13% | 42.06% | 40.69% | 36.7% | 35.04% | 31.54% | 31.83% | 31.89% |
| Net Income Growth % | 16.43% | 7.09% | 15.9% | 5.4% | 0.62% | 11.27% | 8.14% | -17.06% | -14.1% | -15.16% | -15.12% | 24.16% | 40.25% | 51.5% | 44.36% | 24.02% | 6.61% | -1.06% | 30.25% | 15.38% |
| Net Income (Continuing) | 62.6M | 63.79M | 61.06M | 53.33M | 53.76M | 59.58M | 52.72M | 50.59M | 53.43M | 53.54M | 48.75M | 61M | 62.2M | 63.11M | 57.43M | 49.13M | 44.35M | 41.66M | 39.78M | 39.62M |
| EPS (Diluted) | 1.53 | 1.54 | 1.46 | 1.25 | 1.23 | 1.37 | 1.16 | 1.09 | 1.13 | 1.11 | 0.99 | 1.22 | 1.24 | 1.26 | 1.15 | 0.99 | 0.89 | 0.84 | 0.80 | 0.79 |
| EPS Growth % | 24.39% | 12.41% | 25.86% | 14.68% | 8.85% | 23.42% | 17.17% | -10.66% | -8.87% | -11.9% | -13.91% | 23.23% | 39.33% | 50% | 43.75% | 25.32% | 7.23% | 0% | 31.15% | 17.91% |
| EPS (Basic) | 1.57 | 1.58 | 1.50 | 1.28 | 1.26 | 1.37 | 1.18 | 1.09 | 1.15 | 1.13 | 1.00 | 1.23 | 1.25 | 1.27 | 1.16 | 0.99 | 0.90 | 0.84 | 0.80 | 0.80 |
| Diluted Shares Outstanding | 40.88M | 41.44M | 42.65M | 42.65M | 43.59M | 43.5M | 45.56M | 46.3M | 47.17M | 48.1M | 49.14M | 49.89M | 50.13M | 49.96M | 49.85M | 49.77M | 49.83M | 49.8M | 49.88M | 49.95M |