The Bank of N.T. Butterfield & Son Limited (FRA:4IK)

FRA:4IK Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	291.02	304.11	317.36	249.39	221.54	230.66
Interest Income on Investments	285.33	281.61	228.27	148.99	103.35	121.35
Total Interest Income	576.35	585.72	545.63	398.38	324.9	352.01
Interest Paid on Deposits	212.36	227	170.5	45.18	15.49	25.12
Interest Paid on Borrowings	8.57	7.51	8.17	9.62	9.6	9.29
Total Interest Expense	220.93	234.51	178.67	54.8	25.09	34.41
Net Interest Income	355.42	351.2	366.96	343.58	299.81	317.6
Net Interest Income Growth (YoY)	1.07%	-4.29%	6.80%	14.60%	-5.60%	-8.13%
Trust Income	114.17	111.47	103.56	95.67	97.96	93.72
Gain (Loss) on Sale of Investments	-	-	0.03	-0.01	0.75	1.88
Gain (Loss) on Sale of Equity Investments	-0.3	-0.3	-0.2	-	0.1	1.3
Other Non-Interest Income	121.04	119.17	112.75	112	98	88.28
Total Non-Interest Income	234.89	230.39	216.09	208.11	196.75	185.08
Non-Interest Income Growth (YoY)	5.47%	6.62%	3.84%	5.78%	6.30%	-0.89%
Revenues Before Loan Losses	590.32	581.6	583.05	551.69	496.55	502.68
Provision for Loan Losses	1.42	1.66	4.45	2.4	-3.13	8.49
Revenue	588.9	579.93	578.6	549.3	499.68	494.19
Revenue Growth (YoY)	2.95%	0.23%	5.33%	9.93%	1.11%	-7.22%
Salaries and Employee Benefits	159.87	155.45	155.12	152.89	148.55	153.06
Occupancy Expenses	34.63	34.08	31.37	31.44	30.86	29.39
Amortization of Goodwill & Intangibles	8.06	8.01	5.73	5.68	6.01	5.82
Selling, General & Administrative	115.17	116.28	110.3	99.81	104.96	106.11
Other Non-Interest Expense	45.15	43.77	42.22	41.77	42.01	42.22
Total Non-Interest Expense	362.88	357.59	344.74	331.6	332.39	336.59
EBT Excluding Unusual Items	226.02	222.35	233.86	217.7	167.29	157.6
Other Unusual Items	-1.5	-1.5	-	-	-	-
Pretax Income	224.52	220.85	226.26	217.7	165.79	149.6
Income Tax Expense	5.13	4.53	0.77	3.68	3.12	2.38
Net Income	219.38	216.32	225.49	214.02	162.67	147.22
Net Income to Common	219.38	216.32	225.49	214.02	162.67	147.22
Net Income Growth	6.34%	-4.07%	5.36%	31.57%	10.50%	-16.86%
Basic Shares Outstanding	43	45	49	50	50	51
Diluted Shares Outstanding	44	46	49	50	50	51
Shares Change (YoY)	-7.47%	-6.86%	-1.17%	-0.03%	-1.92%	-5.24%
EPS (Basic)	5.09	4.80	4.62	4.32	3.28	2.91
EPS (Diluted)	4.96	4.71	4.58	4.29	3.26	2.90
EPS Growth	14.60%	2.84%	6.76%	31.60%	12.41%	-12.12%
Dividend Per Share	1.760	1.760	1.760	1.760	1.760	1.760
Effective Tax Rate	2.29%	2.05%	0.34%	1.69%	1.88%	1.59%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.