NTB FY 2025 Earnings Report — The Bank of N.T. Butterfield & Son Limited Revenue & Financial Results | Market Cap Arena

The Bank of N.T. Butterfield & Son LimitedNTB

FY 2025 Earnings

Reported February 18, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$800M	—	$816M	—	-2.0%
Op. Income	$238M	—	$221M	—	7.8%
Gross Margin	75.9%	—	71.1%	—	4.8pp
Net Margin	29.0%	—	26.5%	—	2.5pp
EPS (Diluted)	$5.47	—	$4.71	—	16.1%
Free Cash Flow	$255M	—	$244M	—	4.5%

Revenue Flow

Item	Amount
REVENUE	$800M
Cost of Revenue	$193M
GROSS PROFIT	$607M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$186M
SG&A Expenses	$192M
Other Expenses	$176M
Operating Expenses	$369M
Cost & Expenses	$562M
OPERATING INCOME	$238M
Interest Income	$557M
Interest Expense	$193M
Other Income/Expenses	$0
INCOME BEFORE TAX	$238M
Income Tax Expense	$6M
Net Income from Continuing Ops	$232M
Net Income from Discontinued Ops	$0
Other Adjustments	-$100.0K
NET INCOME	$232M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$232M
D&A	$29M
EBIT	$238M
EBITDA	$267M
EPS	$6
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$800M
Cost of Revenue	$193M
GROSS PROFIT	$607M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$186M
SG&A Expenses	$192M
Other Expenses	$176M
Operating Expenses	$369M
Cost & Expenses	$562M
OPERATING INCOME	$238M
Interest Income	$557M
Interest Expense	$193M
Other Income/Expenses	$0
INCOME BEFORE TAX	$238M
Income Tax Expense	$6M
Net Income from Continuing Ops	$232M
Net Income from Discontinued Ops	$0
Other Adjustments	-$100.0K
NET INCOME	$232M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$232M
D&A	$29M
EBIT	$238M
EBITDA	$267M
EPS	$6
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$232M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$59M
Change in Working Capital	-$12M
OPERATING CASH FLOW	$280M
Capital Expenditure	-$25M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$102M
NET CASH FROM INVESTING	$102M
Net Debt Issuance	-$190M
Common Stock Repurchased	-$147M
Common Dividends Paid	-$78M
Other Financing Activities	-$331M
NET CASH FROM FINANCING	-$746M
FREE CASH FLOW	$255M
Net Change in Cash	-$312M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$1.1B
Net Receivables	$11M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$159M
Goodwill	$25M
Intangible Assets	$61M
Long-Term Investments	$10.9B
Tax Assets	$0
Other Non-Current Assets	$198M
TOTAL NON-CURRENT ASSETS	$11.4B
TOTAL ASSETS	$14.1B
Account Payables	$0
Short-Term Debt	$5M
Deferred Revenue	$0
Other Current Liabilities	-$255M
TOTAL CURRENT LIABILITIES	$5M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13.0B
TOTAL NON-CURRENT LIABILITIES	$13.0B
TOTAL LIABILITIES	$13.0B
Common Stock	$399.0K
Additional Paid-In Capital	$851M
Retained Earnings	$494M
Treasury Stock	$0
Accum. Other Comp. Income	-$204M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$14.1B
Total Debt	$39M
Net Debt	-$1.6B