What is Bank of N.T. Butterfield & Son's earnings per share (EPS)?

Bank of N.T. Butterfield & Son (NTB) reported diluted earnings per share of $5.47 for fiscal year 2025. This represents a 16.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Bank of N.T. Butterfield & Son Financials

NTB

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Bank of N.T. Butterfield & Son (NTB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NTB FY2025 2026-04-22

This bank's per-share earnings growth increasingly comes from buybacks and balance-sheet cleanup, not from rapid asset expansion.

From FY2023 to FY2025, net income moved only from $225M to $232M. Yet diluted EPS advanced much faster because shares outstanding fell sharply, meaning a large share of the per-share improvement came from buybacks rather than from a meaningfully larger banking franchise; total assets stayed in roughly the same range.

Operating cash flow has topped net income for the last three fiscal years, most recently at $280M versus $232M. That cash conversion makes the reported earnings base look cash-backed, and it helps explain how dividends and repurchases were funded from internal generation rather than from term borrowing.

The latest year shows less reliance on term borrowing: long-term debt fell from $98.7M to $0 while equity increased. With cash still at $1.71B and return on equity at 20.3%, the bank looks de-risked at the debt layer without giving up strong profitability.

Financial Health Signals

Financial Profile 33/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Bank of N.T. Butterfield & Son's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Bank of N.T. Butterfield & Son's revenue grew a modest 4.6% year-over-year to $606.8M. This slow but positive growth earns a score of 37/100.

Leverage

100

Bank of N.T. Butterfield & Son carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Returns

Bank of N.T. Butterfield & Son's ROE of 20.3% shows moderate profitability relative to equity, earning a score of 58/100. This is down from 21.2% the prior year.

Piotroski F-Score Strong

7/9

Bank of N.T. Butterfield & Son passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.21x

For every $1 of reported earnings, Bank of N.T. Butterfield & Son generates $1.21 in operating cash flow ($279.6M OCF vs $231.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$606.8M

YoY+4.6%

5Y CAGR+4.2%

10Y CAGR+5.2%

Bank of N.T. Butterfield & Son generated $606.8M in revenue in fiscal year 2025. This represents an increase of 4.6% from the prior year.

EBITDA

N/A

Net Income

$231.9M

YoY+7.2%

5Y CAGR+9.5%

10Y CAGR+11.6%

Bank of N.T. Butterfield & Son reported $231.9M in net income in fiscal year 2025. This represents an increase of 7.2% from the prior year.

EPS (Diluted)

$5.47

YoY+16.1%

5Y CAGR+13.5%

10Y CAGR+16.1%

Bank of N.T. Butterfield & Son earned $5.47 per diluted share (EPS) in fiscal year 2025. This represents an increase of 16.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.7B

YoY-14.5%

5Y CAGR-12.3%

10Y CAGR-2.9%

Bank of N.T. Butterfield & Son held $1.7B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.88

YoY+6.8%

5Y CAGR+1.3%

10Y CAGR+14.2%

Bank of N.T. Butterfield & Son paid $1.88 per share in dividends in fiscal year 2025. This represents an increase of 6.8% from the prior year.

Shares Outstanding

40M

YoY-8.2%

5Y CAGR-4.4%

10Y CAGR-1.7%

Bank of N.T. Butterfield & Son had 40M shares outstanding in fiscal year 2025. This represents a decrease of 8.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

38.2%

YoY+0.9pp

5Y CAGR+8.4pp

10Y CAGR+16.9pp

Bank of N.T. Butterfield & Son's net profit margin was 38.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.9 percentage points from the prior year.

Return on Equity

20.3%

YoY-0.9pp

5Y CAGR+5.3pp

10Y CAGR+10.0pp

Bank of N.T. Butterfield & Son's ROE was 20.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$146.7M

YoY-5.5%

5Y CAGR+11.1%

10Y CAGR+1.2%

Bank of N.T. Butterfield & Son spent $146.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 5.5% from the prior year.

Capital Expenditures

N/A

NTB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$606.8M+4.6%	$579.9M+0.2%	$578.6M+5.3%	$549.3M+9.9%	$499.7M+1.1%	$494.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$182.6M+4.9%	$174.0M-2.2%	$177.9M+7.1%	$166.2M+3.0%	$161.3M-7.1%	$173.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$193.0M-17.7%	$234.5M+31.3%	$178.7M+226.0%	$54.8M+118.4%	$25.1M-27.1%	$34.4M
Income Tax	$6.0M+33.0%	$4.5M+490.7%	$767K-79.2%	$3.7M+17.9%	$3.1M+31.3%	$2.4M
Net Income	$231.9M+7.2%	$216.3M-4.1%	$225.5M+5.4%	$214.0M+31.6%	$162.7M+10.5%	$147.2M
EPS (Diluted)	$5.47+16.1%	$4.71+2.8%	$4.58+6.8%	$4.29+31.6%	$3.26+12.4%	$2.90

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NTB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$14.1B-1.0%	$14.2B+6.4%	$13.4B-6.5%	$14.3B-6.7%	$15.3B+4.0%	$14.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.7B-14.5%	$2.0B+21.3%	$1.6B-21.6%	$2.1B-3.6%	$2.2B-33.7%	$3.3B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$25.4M+7.5%	$23.6M-2.0%	$24.1M+5.3%	$22.9M-9.7%	$25.4M-1.1%	$25.6M
Total Liabilities	$13.0B-1.9%	$13.2B+6.8%	$12.4B-8.0%	$13.4B-6.4%	$14.4B+4.4%	$13.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$0-100.0%	$98.7M+0.2%	$98.5M-42.8%	$172.3M+0.2%	$171.9M+0.2%	$171.5M
Total Equity	$1.1B+11.9%	$1.0B+1.7%	$1.0B+16.0%	$864.8M-11.5%	$977.5M-0.5%	$981.9M
Retained Earnings	$494.4M+17.0%	$422.5M+23.3%	$342.5M+49.1%	$229.7M+120.2%	$104.3M+207.6%	$33.9M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$14.1B-1.0%	$14.2B+6.4%	$13.4B-6.5%	$14.3B-6.7%	$15.3B+4.0%	$14.7B+5.9%	$13.9B+29.2%	$10.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.7B-14.5%	$2.0B+21.3%	$1.6B-21.6%	$2.1B-3.6%	$2.2B-33.7%	$3.3B+29.0%	$2.6B+24.2%	$2.1B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$25.4M+7.5%	$23.6M-2.0%	$24.1M+5.3%	$22.9M-9.7%	$25.4M-1.1%	$25.6M+3.2%	$24.8M+3.5%	$24.0M
Total Liabilities	$13.0B-1.9%	$13.2B+6.8%	$12.4B-8.0%	$13.4B-6.4%	$14.4B+4.4%	$13.8B+6.2%	$13.0B+31.0%	$9.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$0-100.0%	$98.7M+0.2%	$98.5M-42.8%	$172.3M+0.2%	$171.9M+0.2%	$171.5M+19.5%	$143.5M+0.1%	$143.3M
Total Equity	$1.1B+11.9%	$1.0B+1.7%	$1.0B+16.0%	$864.8M-11.5%	$977.5M-0.5%	$981.9M+1.9%	$963.7M+9.2%	$882.3M
Retained Earnings	$494.4M+17.0%	$422.5M+23.3%	$342.5M+49.1%	$229.7M+120.2%	$104.3M+207.6%	$33.9M+467.2%	-$9.2M+90.0%	-$92.7M

NTB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$279.6M+5.3%	$265.4M-11.6%	$300.3M+36.9%	$219.3M-12.8%	$251.3M+33.6%	$188.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$102.4M+117.6%	-$581.0M-185.2%	$681.8M+133.5%	$292.0M+115.3%	-$1.9B-4468.9%	-$41.7M
Financing Cash Flow	-$745.6M-201.4%	$735.6M+150.8%	-$1.4B-185.7%	-$506.8M-194.6%	$535.8M-2.0%	$546.4M
Dividends Paid	$77.7M-2.3%	$79.6M-7.7%	$86.2M-1.3%	$87.3M+0.1%	$87.3M-1.9%	$88.9M
Share Buybacks	$146.7M-5.5%	$155.3M+75.3%	$88.6M+2173.3%	$3.9M-80.3%	$19.8M-77.2%	$86.6M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NTB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	38.2%+0.9pp	37.3%-1.7pp	39.0%0.0pp	39.0%+6.4pp	32.6%+2.8pp	29.8%
Return on Equity	20.3%-0.9pp	21.2%-1.3pp	22.5%-2.3pp	24.8%+8.1pp	16.6%+1.6pp	15.0%
Return on Assets	1.7%+0.1pp	1.5%-0.2pp	1.7%+0.2pp	1.5%+0.4pp	1.1%+0.1pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.00-0.1	0.100.0	0.10-0.1	0.20+0.0	0.180.0	0.17
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.00-0.1	0.100.0	0.10-0.1	0.20+0.0	0.180.0	0.17+0.0	0.15-0.0	0.16
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Bank of N.T. Butterfield & Son's annual revenue?

Bank of N.T. Butterfield & Son (NTB) reported $606.8M in total revenue for fiscal year 2025. This represents a 4.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Bank of N.T. Butterfield & Son's revenue growing?

Bank of N.T. Butterfield & Son (NTB) revenue grew by 4.6% year-over-year, from $579.9M to $606.8M in fiscal year 2025.

Is Bank of N.T. Butterfield & Son profitable?

Yes, Bank of N.T. Butterfield & Son (NTB) reported a net income of $231.9M in fiscal year 2025, with a net profit margin of 38.2%.

How much debt does Bank of N.T. Butterfield & Son have?

As of fiscal year 2025, Bank of N.T. Butterfield & Son (NTB) had $1.7B in cash and equivalents against $0 in long-term debt.

What is Bank of N.T. Butterfield & Son's net profit margin?

Bank of N.T. Butterfield & Son (NTB) had a net profit margin of 38.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Bank of N.T. Butterfield & Son pay dividends?

Yes, Bank of N.T. Butterfield & Son (NTB) paid $1.88 per share in dividends during fiscal year 2025.

What is Bank of N.T. Butterfield & Son's return on equity (ROE)?

Bank of N.T. Butterfield & Son (NTB) has a return on equity of 20.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Bank of N.T. Butterfield & Son's operating cash flow?

Bank of N.T. Butterfield & Son (NTB) generated $279.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Bank of N.T. Butterfield & Son's total assets?

Bank of N.T. Butterfield & Son (NTB) had $14.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Bank of N.T. Butterfield & Son buy back shares?

Yes, Bank of N.T. Butterfield & Son (NTB) spent $146.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Bank of N.T. Butterfield & Son have outstanding?

Bank of N.T. Butterfield & Son (NTB) had 40M shares outstanding as of fiscal year 2025.

What is Bank of N.T. Butterfield & Son's debt-to-equity ratio?

Bank of N.T. Butterfield & Son (NTB) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bank of N.T. Butterfield & Son's return on assets (ROA)?

Bank of N.T. Butterfield & Son (NTB) had a return on assets of 1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Bank of N.T. Butterfield & Son's Piotroski F-Score?

Bank of N.T. Butterfield & Son (NTB) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bank of N.T. Butterfield & Son's earnings high quality?

Bank of N.T. Butterfield & Son (NTB) has an earnings quality ratio of 1.21x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Bank of N.T. Butterfield & Son?

Bank of N.T. Butterfield & Son (NTB) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.