David Feaster

Timur Braziler

Timothy Switzer

Emily Noelle Lee

William Nance

- Butterfield reported **net income of $61.1 million** and **core earnings per share of $1.51** for Q3 2025.  **[0001653242_2211534_1]** 
- The company's **net interest margin increased by 9 basis points to 2.73%** from the prior quarter, largely due to lower cost of deposits and the redemption of subordinated debt.  **[0001653242_2211534_1]** **[0001653242_2211534_3]** 
- Butterfield announced a **quarterly cash dividend of $0.50 per share** and repurchased **700,000 shares** at a cost of **$30.3 million** during the quarter.  **[0001653242_2211534_1]** **[0001653242_2211534_4]** 
- Non-interest income increased to **$61.2 million**, and core non-interest expenses decreased compared to the prior quarter.  **[0001653242_2211534_3]**

Butterfield Reports Strong Q3 2025 Results with Increased Net Interest Margin and Continued Capital Management

- Butterfield reported **net income of $61.1 million** and **core earnings per share of $1.51** for the third quarter of 2025.  **[0001653242_2216427_1]** 
- The **net interest margin (NIM) increased 9 basis points to 2.73%**, primarily due to a **9 basis point decrease in the cost of deposits to 147 basis points**.  **[0001653242_2216427_1]** **[0001653242_2216427_3]** 
- **Non-interest income grew by $4.2 million to $61.2 million**, resulting in a **fee income ratio of 39.9%**.  **[0001653242_2216427_3]** 
- The company declared a **quarterly cash dividend of $0.50 per share** and repurchased **700,000 shares** at a cost of **$30.3 million** during the quarter.  **[0001653242_2216427_1]** **[0001653242_2216427_4]** 
- **Tangible book value per share improved by 5.4% to $25.06**, reflecting an **$18.5 million improvement** in net unrealized losses in the FS portfolio.  **[0001653242_2216427_3]** **[0001653242_2216427_4]**

Butterfield Reports Strong Q3 2025 Results

- Bank of N.T. Butterfield & Son Limited reported **net income of $61.1 million** and **core net income of $63.3 million** for Q3 2025, with **core earnings per share of $1.51**.  **[0001653242_2216317_1]** 
- The company's **net interest margin increased by 9 basis points to 2.73%** in Q3 2025, primarily due to the **cost of deposits falling 9 basis points to 147 basis points** from the prior quarter.  **[0001653242_2216317_1]** **[0001653242_2216317_3]** 
- **Non-interest income totaled $61.2 million**, an increase of **$4.2 million** over the last quarter, driven by higher banking fees and foreign exchange revenues, while **core non-interest expenses decreased**.  **[0001653242_2216317_3]** 
- Butterfield announced a **quarterly cash dividend of $0.50 per share** and repurchased **700,000 shares at a cost of $30.3 million** during the quarter.  **[0001653242_2216317_1]** **[0001653242_2216317_4]** 
- The business environments in Bermuda and the Cayman Islands remain stable, with the Cayman Islands expecting a **2.5% GDP increase in 2025**.  **[0001653242_2216317_2]**

Bank of N.T. Butterfield & Son Limited Reports Strong Q3 2025 Results

- Net income for the third quarter of 2025 was **$61.1 million**, or **$1.46 per diluted common share**, compared to $53.3 million ($1.25 per diluted common share) in the previous quarter and $52.7 million ($1.16 per diluted common share) in the third quarter of 2024.  **[1653242_0001653242-25-000034_currentearningsrelease.htm:0]** **[1653242_0001653242-25-000034_currentearningsrelease.htm:2]** 
- Core net income for the third quarter of 2025 was **$63.3 million**, or **$1.51 per diluted common share**, an increase from $53.7 million ($1.26 per diluted common share) in the previous quarter and $52.8 million ($1.16 per diluted common share) in the third quarter of 2024.  **[1653242_0001653242-25-000034_currentearningsrelease.htm:0]** **[1653242_0001653242-25-000034_currentearningsrelease.htm:2]** 
- The company's net interest margin for Q3 2025 was **2.73%**, up from 2.64% in the prior quarter and 2.61% in Q3 2024.  **[1653242_0001653242-25-000034_currentearningsrelease.htm:0]** **[1653242_0001653242-25-000034_currentearningsrelease.htm:2]** 
- Butterfield declared a **quarterly cash dividend of $0.50 per share** for the quarter ended September 30, 2025.  **[1653242_0001653242-25-000034_currentearningsrelease.htm:0]** **[1653242_0001653242-25-000034_q32025currentearningsdec.htm:3]** 
- During the third quarter of 2025, the company repurchased **0.7 million shares** at a total cost of **$30.3 million**.  **[1653242_0001653242-25-000034_currentearningsrelease.htm:0]** **[1653242_0001653242-25-000034_q32025currentearningsdec.htm:3]**

Bank of N.T. Butterfield & Son Ltd Reports Third Quarter 2025 Results

- **Net income** for Q3 2025 was **$61.1 million**, or **$1.46 per diluted common share**, an increase from $53.3 million ($1.25 per share) in Q2 2025 and $52.7 million ($1.16 per share) in Q3 2024.  **[1653242_7aef13caa43143c5ba003bbdb293d96d_0]** 
- **Core net income** for Q3 2025 reached **$63.3 million**, or **$1.51 per diluted common share**.  **[1653242_7aef13caa43143c5ba003bbdb293d96d_0]** 
- The company achieved a **return on average common equity of 22.5%** and a **core return on average tangible common equity of 25.5%** in Q3 2025.  **[1653242_7aef13caa43143c5ba003bbdb293d96d_0]** 
- Butterfield declared a **quarterly cash dividend of $0.50 per share** and repurchased **0.7 million shares** at a total cost of **$30.3 million** during the quarter ended September 30, 2025.  **[1653242_7aef13caa43143c5ba003bbdb293d96d_0]** **[1653242_7aef13caa43143c5ba003bbdb293d96d_2]** 
- **Tangible book value per share** rose to **$25.06** at September 30, 2025, up from $21.70 at December 31, 2024, with a **total regulatory capital ratio of 27.0%**.  **[1653242_7aef13caa43143c5ba003bbdb293d96d_2]** **[1653242_7aef13caa43143c5ba003bbdb293d96d_3]**

Bank of N.T. Butterfield & Son Reports Strong Third Quarter 2025 Results

- The Bank of N.T. Butterfield & Son Limited reported robust capital adequacy as of **June 30, 2025**, with a **Common Equity Tier 1 (CET1) ratio of 26.0%**, **Tier 1 ratio of 26.0%**, and **Total capital ratio of 26.2%**.  **[1653242_0001653242-25-000026_currentpillariiidisclosure.htm:5]** **[1653242_0001653242-25-000026_currentpillariiidisclosure.htm:7]** **[1653242_0001653242-25-000026_currentpillariiidisclosure.htm:9]**  These ratios significantly exceed the company's combined regulatory minimums of **10.0%** for CET1, **11.5%** for Tier 1, and **13.5%** for Total Capital, which include a **3.0%** D-SIB surcharge.  **[1653242_0001653242-25-000026_currentpillariiidisclosure.htm:0]** **[1653242_0001653242-25-000026_currentpillariiidisclosure.htm:5]** 
- The company maintained strong liquidity and leverage positions as of **June 30, 2025**, with a **Liquidity Coverage Ratio (LCR) of 154%** and a **Net Stable Funding Ratio (NSFR) of 148%**, both well above the **100%** minimum requirement, and a **leverage ratio of 7.3%** against a **5.0%** regulatory minimum.  **[1653242_0001653242-25-000026_currentpillariiidisclosure.htm:1]** **[1653242_0001653242-25-000026_currentpillariiidisclosure.htm:5]** **[1653242_0001653242-25-000026_currentpillariiidisclosure.htm:9]** 
- Total capital levels decreased from the second half of 2024 due to the **early redemption of $100 million Tier 2-qualifying subordinated debt in June 2025**.  **[1653242_0001653242-25-000026_currentpillariiidisclosure.htm:5]** **[1653242_0001653242-25-000026_currentpillariiidisclosure.htm:7]** 
- Risk-weighted assets (RWA) decreased by approximately **2.0%** with the adoption of the **new credit risk framework effective January 1, 2025**.  **[1653242_0001653242-25-000026_currentpillariiidisclosure.htm:5]** **[1653242_0001653242-25-000026_currentpillariiidisclosure.htm:7]** **[1653242_0001653242-25-000026_currentpillariiidisclosure.htm:19]** 
- Defaulted loans increased in the first half of 2025, primarily driven by two residential mortgage facilities in the Channel Islands and UK segment, partially offset by loan settlements in Bermuda.  **[1653242_0001653242-25-000026_currentpillariiidisclosure.htm:15]**

Bank of N.T. Butterfield & Son (NTB)