NTB
Income statement / Annual
Last year (2023), The Bank of N.T. Butterfield & Son Limited's total revenue was $761.72 M,
an increase of 38.07% from the previous year.
In 2023, The Bank of N.T. Butterfield & Son Limited's net income was $225.49 M.
See The Bank of N.T. Butterfield & Son Limited’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$761.72 M
|
$551.70 M
|
$496.50 M
|
$502.70 M
|
$532.50 M
|
$510.80 M
|
$448.80 M
|
$407.00 M
|
$374.11 M
|
$389.88 M
|
| Cost of Revenue |
$178.62 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$8,000.00 |
$401,000.00 |
$338,000.00 |
$451,000.00 |
| Gross Profit |
$583.10 M |
$551.70 M |
$496.50 M |
$502.70 M |
$532.50 M |
$510.80 M |
$448.79 M |
$406.60 M |
$373.77 M |
$389.43 M |
| Gross Profit Ratio |
0.77 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$187.23 M
|
$174.79 M
|
$233.46 M
|
$238.82 M
|
$246.29 M
|
$220.06 M
|
$207.23 M
|
$197.41 M
|
$191.99 M
|
$186.88 M
|
| Selling & Marketing
Expenses |
$6.46 M
|
$6.36 M
|
$4.56 M
|
$4.44 M
|
$8.05 M
|
$6.12 M
|
$5.74 M
|
$4.51 M
|
$3.92 M
|
$3.80 M
|
| Selling, General &
Administrative Expenses |
$193.69 M
|
$181.15 M
|
$238.02 M
|
$243.26 M
|
$254.34 M
|
$226.17 M
|
$212.97 M
|
$201.92 M
|
$195.91 M
|
$190.68 M
|
| Other Expenses |
-$85.49 M |
-$555.32 M |
-$1.40 M |
$1.20 M |
$2.80 M |
-$900,000.00 |
$1.30 M |
$1.00 M |
$338,000.00 |
$451,000.00 |
| Operating Expenses |
$85.49 M |
-$374.18 M |
$236.62 M |
$244.46 M |
$257.14 M |
$224.87 M |
$214.27 M |
$202.92 M |
$196.24 M |
$191.13 M |
| Cost And Expenses |
$535.46 M |
-$374.18 M |
$236.62 M |
$244.46 M |
$257.14 M |
$224.87 M |
$214.27 M |
$203.32 M |
$196.58 M |
$191.58 M |
| Interest Income |
$545.63 M |
$343.60 M |
$299.80 M |
$317.60 M |
$345.70 M |
$343.00 M |
$289.70 M |
$258.50 M |
$262.58 M |
$265.10 M |
| Interest Expense |
$8.09 M |
$54.80 M |
$25.09 M |
$34.41 M |
$59.38 M |
$24.60 M |
$15.89 M |
$16.45 M |
$23.32 M |
$26.61 M |
| Depreciation &
Amortization |
$36.21 M
|
$40.18 M
|
$69.46 M
|
$62.44 M
|
$48.39 M
|
$46.48 M
|
$50.40 M
|
$52.26 M
|
$50.07 M
|
$45.12 M
|
| EBITDA |
$36.21 M
|
$217.70 M
|
$235.26 M
|
$212.04 M
|
$224.09 M
|
$267.54 M
|
$194.21 M
|
$185.38 M
|
$152.40 M
|
$179.72 M
|
| EBITDA Ratio |
0.05 |
0.39 |
0.47 |
0.42 |
0.42 |
0.52 |
0.43 |
0.46 |
0.41 |
0.46 |
| Operating Income Ratio
|
0.77
|
0.32
|
0.33
|
0.3
|
0.33
|
0.43
|
0
|
0
|
0.27
|
0.35
|
| Total Other
Income/Expenses Net |
$226.26 M
|
$40.18 M
|
$165.79 M
|
$149.60 M
|
$175.70 M
|
-$24.60 M
|
$1,000.00
|
$800.00
|
-$23.32 M
|
-$26.61 M
|
| Income Before Tax |
$226.26 M |
$217.70 M |
$165.80 M |
$149.60 M |
$175.70 M |
$196.50 M |
$154.30 M |
$116.70 M |
$79.02 M |
$107.99 M |
| Income Before Tax Ratio
|
0.3
|
0.39
|
0.33
|
0.3
|
0.33
|
0.38
|
0.34
|
0.29
|
0.21
|
0.28
|
| Income Tax Expense |
$767,000.00 |
$3.70 M |
$3.10 M |
$2.40 M |
-$1.40 M |
$1.30 M |
$1.10 M |
$700,000.00 |
$1.28 M |
-$169,000.00 |
| Net Income |
$225.49 M |
$214.02 M |
$162.67 M |
$147.22 M |
$177.10 M |
$195.20 M |
$153.30 M |
$115.90 M |
$77.74 M |
$108.16 M |
| Net Income Ratio |
0.3 |
0.39 |
0.33 |
0.29 |
0.33 |
0.38 |
0.34 |
0.28 |
0.21 |
0.28 |
| EPS |
4.62 |
4.32 |
3.28 |
2.91 |
3.33 |
3.55 |
2.82 |
1.2 |
1.31 |
1.96 |
| EPS Diluted |
4.58 |
4.29 |
3.26 |
2.9 |
3.3 |
3.5 |
2.76 |
1.18 |
1.29 |
1.93 |
| Weighted Average Shares
Out |
$48.80 M
|
$49.60 M
|
$49.53 M
|
$50.51 M
|
$53.17 M
|
$54.99 M
|
$54.36 M
|
$48.58 M
|
$46.59 M
|
$46.59 M
|
| Weighted Average Shares
Out Diluted |
$49.28 M
|
$49.86 M
|
$49.88 M
|
$50.85 M
|
$53.66 M
|
$55.75 M
|
$55.45 M
|
$49.61 M
|
$47.37 M
|
$47.37 M
|
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