The earnings call highlighted Butterfield's strong financial results, including high net income and a stable balance sheet, alongside strategic dividend increases and share repurchase authorizations. However, challenges such as declining treasury yields, reduced noninterest income, and higher expenses were noted. The sentiment of the call is balanced by both positive financial achievements and existing challenges.

Company Guidance -

Q3 2025

During the second quarter of 2025, The Bank of N.T. Butterfield & Son Limited reported strong financial results, achieving a net income of $53.3 million and a core net income of $53.7 million. The bank's core earnings per share stood at $1.26, with a core return on average tangible common equity of 22.3%. The net interest margin was 2.64%, a slight decrease from the previous quarter. Butterfield successfully redeemed $100 million of subordinated debt, impacting the net interest margin by 2 basis points due to unamortized issuance costs. The bank's capital strategy included a 14% increase in the quarterly cash dividend to $0.50 per share and a new share repurchase authorization for 1.5 million shares. The bank repurchased 1.1 million shares at an average price of $40.69 per share. With a focus on sustainable profitability, Butterfield maintained a low-risk balance sheet, with a loan-to-value ratio where 81% of residential mortgages had LTVs below 70%. The balance sheet showed an increase in average interest-earning assets to $13.6 billion, with treasury yields at 3.71% and loan yields at 6.31%. Despite a modest decline in noninterest income to $57 million, the bank highlighted positive contributions from increased trust revenue. Operating expenses were managed effectively within expectations, with core noninterest expenses at $91.4 million. Overall, Butterfield's robust performance reflects its strategic focus on sustainable growth and shareholder value.

Strong Net Income and Core Earnings

Butterfield reported net income of $53.3 million and core net income of $53.7 million. Core earnings per share were $1.26, with a core return on average tangible common equity of 22.3%.

Increase in Dividend and Share Repurchase Authorization

The quarterly cash dividend was increased by 14% to $0.50 per share. A new share repurchase authorization of 1.5 million shares was approved, following the completion of the current program.

High Asset Quality

Butterfield's loan portfolio improved, with nonaccrual loans as a percentage of gross loans decreasing by 30 basis points to 2%. The allowance for credit losses coverage ratio remained consistent at 0.6%.

Continued M&A Activity

Butterfield is engaged in discussions regarding potential mergers and acquisitions, particularly in the private trust sector, emphasizing disciplined pricing.

Bank of NT Butterfield & Son (NTB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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NTB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	1.30 / -	1.16	―	―	―
Jul 28, 2025	2025 (Q2)	1.24 / 1.25	1.09	14.68% (+0.16)
Apr 23, 2025	2025 (Q1)	1.10 / 1.23	1.13	8.85% (+0.10)
Feb 10, 2025	2024 (Q4)	1.15 / 1.34	1.11	20.72% (+0.23)
Oct 22, 2024	2024 (Q3)	1.13 / 1.16	0.99	17.17% (+0.17)
Jul 22, 2024	2024 (Q2)	1.05 / 1.09	1.22	-10.66% (-0.13)
Apr 23, 2024	2024 (Q1)	0.97 / 1.13	1.24	-8.87% (-0.11)
Feb 12, 2024	2023 (Q4)	1.11 / 1.11	1.26	-11.90% (-0.15)
Oct 24, 2023	2023 (Q3)	1.13 / 0.99	1.15	-13.91% (-0.16)
Jul 31, 2023	2023 (Q2)	1.16 / 1.22	0.99	23.23% (+0.23)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NTB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 28, 2025	$44.47	$45.73	+2.83%
Apr 23, 2025	$37.89	$38.68	+2.08%
Feb 10, 2025	$36.61	$39.82	+8.77%
Oct 22, 2024	$36.60	$36.67	+0.19%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Bank of N.T. Butterfield & Son (NTB) report earnings?

Bank of N.T. Butterfield & Son (NTB) is schdueled to report earning on Oct 28, 2025, After Close (Confirmed).

What is Bank of N.T. Butterfield & Son (NTB) earnings time?

Bank of N.T. Butterfield & Son (NTB) earnings time is at Oct 28, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is NTB EPS forecast?

NTB EPS forecast for the fiscal quarter 2025 (Q3) is 1.31.

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