Bank of N T Butterfield & Son : Butterfield Q1 2025 Earnings
NTB
Published on 05/02/2025 at 13:52
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L
U V
W 4 X D
U W H
U
7
K
H
% D Q N
R I
1
7
% X W W H U I L H O G
/
L
P L
W H G
6 R Q
( D U Q L Q J V 3 U H V H Q W D W L R Q
$ S U L O
Presenters
Agenda
Butterfield Overview
Chairman and Chief Executive Officer
Ten International Locations
Leading market positions in Bermuda & Cayman
Expanding retail offerings in The Channel Islands
Well-secured lending in all markets
Award winning banking and wealth management offerings
President and Group Chief Risk Officer
Overview
First Quarter 2025 Financials
Q&A
Leading Bank in Attractive Markets
Strong Capital Generation and Return
Resilient, Capital Efficient, Diversified Fee Revenue Model
Efficient, Conservative Balance Sheet
Sustainability
Experienced Leadership Team
Awards
3
(In US$ millions)
vs. Q4 2024
vs. Q1 2024
Q1 2025
$ %
$ %
Net Interest Income
$ 89.3
$ 0.7
$ 2.2
Non-Interest Income
58.4
(4.8)
3.3
Provision for Credit Losses
0.4
0.7
-
Non-Interest Expenses*
(94.4)
(2.2)
(5.0)
Other Gains (Losses)
-
(0.1)
(0.2)
Net Income
$ 53.8
$ (5.8)
(9.8)% $
0.3
0.6 %
Non-Core Items**
2.9
(2.9)
1.4
Core Net Income**
$ 56.7
$ (2.9)
(4.9)% $
1.7
3.1 %
Net income of $53.8 million or $1.23 per share
Core net income**of $56.7 million, or $1.30 per share
Return on average common equity of 20.9%; core return on average tangible common equity** of 24.2%
Net Interest Margin of 2.70%, cost of deposits of 1.60%
Cash dividend rate of $0.44 per common share during the quarter
Repurchases of 1.1 million shares at an average price of
$37.78 per share
Return on Equity
25.2%
$55.0
Net Income
(In US$ millions)
$59.6
$59.6 $56.7
24.5% 23.3% 22.5%
22.9%
24.2%
$53.4 $50.6
$51.4
$52.7
$52.8
$53.8
21.5%
20.7%
20.3%
20.9%
Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Core Return on Average Tangible Common Equity**
Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
* Includes income taxes
4 ** See the Appendix for a reconciliation of the non-GAAP measure
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Disclaimer
Bank of N. T. Butterfield & Son Limited published this content on May 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 02, 2025 at 17:49 UTC.