Bank of N.T. Butterfield & Son Limited (The) Voting
Description
The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits. The company's lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans, as well as overdraft facilities to commercial and corporate customers. It also offers investment products and services; and cash and liquidity management, foreign exchange, custody administration, and settlement services. In addition, the company provides personal and property/auto insurance products; letters of credit; and cash management, payroll, remote banking, money market, advisory, brokerage, trust, estate, company management, wealth management, and fiduciary services. Further, it offers debit and credit cards; automated teller machines; and personal and business deposit, merchant acquiring, residential and commercial mortgages, and mobile and internet banking services. The company operates through offices in the Cayman Islands, Guernsey, Jersey, the United Kingdom, The Bahamas, Switzerland, Singapore, Mauritius, and Canada. It also operates in Bermuda and the Cayman Islands. The company was founded in 1784 and is headquartered in Hamilton, Bermuda.
About
CEO
Mr. Michael W. Collins
Employees
1,259
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Diversified
MIC code
XNYS
Address
65 Front Street, Hamilton, HM 12, Bermuda
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 20, 2025 | — | — | — | — |
| Jul 21, 2025 | — | — | — | — |
| Apr 21, 2025 | — | — | — | — |
| Feb 10, 2025 | 1.17 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 2 | — | 3 |
| Average estimate | — | 1.01 | — | 4.07 |
| Low estimate | — | 0.91 | — | 3.90 |
| High estimate | — | 1.11 | — | 4.35 |
| Last year EPS | — | 1.17 | — | 4.54 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-2.030%
Next qtr. (Mar 2025)
-13.680%
Current year
-3.400%
Next year (Dec 2025)
-10.350%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 583.22M | 551.62M | 496.46M | 502.07M | 532.13M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 188.10M | 176.75M | 169.78M | 181.81M | 195.11M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 226.26M | 217.70M | 165.79M | 149.60M | 175.70M |
| Tax provision | 767,000 | 3.68M | 3.12M | 2.38M | -1.37M |
| Net income | 225.49M | 214.02M | 162.67M | 147.22M | 177.08M |
| Basic EPS | 4.62 | 4.32 | 3.28 | 2.91 | 3.33 |
| Diluted EPS | 4.58 | 4.29 | 3.26 | 2.90 | 3.30 |
| Basic average shares | 48.81M | 49.54M | 49.60M | 50.58M | 53.18M |
| Diluted average shares | 48.81M | 49.54M | 49.60M | 50.58M | 53.18M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 225.49M | 214.02M | 162.67M | 147.22M | 177.08M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 91.83M | 93.03M | 115.65M | 133.36M | 88.03M |
| Cash equivalents | 1.40B | 1.75B | 1.63B | 2.72B | 1.62B |
| Cash and cash equivalents | 1.65B | 2.10B | 2.18B | 3.29B | 2.55B |
| Other short term investments | 2.84B | 2.86B | 4.67B | 3.48B | 3.44B |
| Accounts receivable | — | 203.52M | 144.28M | 144.79M | 158.74M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 26.58M | 25.53M | 26.13M | 25.15M | 22.93M |
| Land and improvements | 8.33M | 8.33M | 8.33M | 8.73M | 8.73M |
| Machinery furniture equipment | 164.23M | 197.85M | 197.94M | 197.17M | 189.38M |
| Construction in progress | 1.73M | 13.81M | 6.83M | 4.99M | 8.11M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -245.20M | -281.30M | -270.35M | -249.45M | -227.67M |
| Goodwill | 123.01M | 97.26M | 111.46M | 118.45M | 121.34M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 74.80M | 51.48M | 60.75M | 67.19M | 71.67M |
| Investments and advances | 6.31B | 6.61B | 7.45B | 5.70B | 5.67B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | 185.86M | 189.38M | 203.86M | 262.36M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 98.49M | 172.29M | 171.88M | 171.46M | 143.50M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 475,000 | 503,000 | 499,000 | 500,000 | 530,000 |
| Retained earnings | 342.52M | 229.73M | 104.33M | 33.92M | -9.24M |
| Other shareholders equity | -310.20M | -377.45M | -124.92M | -49.68M | -87.10M |
| Total shareholders equity | 1.00B | 864.82M | 977.49M | 981.95M | 963.74M |
| Additional paid in capital | 988.90M | 1.03B | 1.02B | 1.01B | 1.08B |
| Treasury stock | 18.10M | 20.60M | 20.06M | 16.12M | 22.02M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 225.49M | 214.02M | 162.67M | 147.22M | 177.08M | 195.18M | 153.25M | 115.94M | 77.74M | 108.16M |
| Depreciation | 36.21M | 40.18M | 69.46M | 62.44M | 48.39M | 46.48M | 50.40M | 52.26M | 22.27M | 45.12M |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 20.81M | 17.08M | 15.15M | 15.25M | 17.72M | 12.58M | 8.41M | 14.42M | 7.91M | 9.05M |
| Other Non-Cash Items | 1.13M | -448,000 | 53,000 | 104,000 | 5,000 | 322,000 | 2.38M | 1.34M | 543,000 | 2.87M |
| Accounts Receivable | 4.62M | -54.02M | 13.30M | -8.14M | -18.58M | -3.98M | -1.76M | -6.05M | 6.90M | 594,000 |
| Accounts Payable | — | — | — | — | 3.11M | 2.77M | 82,000 | -284,000 | -1.91M | 1.04M |
| Other Assets & Liabilities | 1.90M | -65,000 | -13.80M | -75.26M | 33.23M | 98.23M | 40.00M | -1.11M | 3.13M | -22.84M |
| Operating Cash Flow | 290.17M | 216.74M | 246.82M | 141.60M | 260.95M | 351.59M | 252.76M | 176.52M | 116.59M | 143.99M |
| Investing Activities | ||||||||||
| Capital Expenditures | -26.93M | -26.88M | -15.72M | -20.57M | -22.78M | -18.53M | -19.22M | -9.80M | -4.24M | -6.13M |
| Net Intangibles | -27.34M | — | — | — | — | -1.31M | — | — | — | — |
| Net Acquisitions | — | — | — | — | 2.82B | -20.72M | — | -21.78M | -94,000 | -34.76M |
| Purchase of Investments | -2.13B | -3.02B | -5.75B | -3.66B | -2.64B | -1.21B | -1.68B | -2.37B | -853.74M | -1.16B |
| Sale of Investments | 2.53B | 3.39B | 3.86B | 3.67B | 1.42B | 1.75B | 1.69B | 1.03B | 671.92M | 476.10M |
| Investing Cash Flow | 379.25M | 345.97M | -1.91B | -12.51M | 1.57B | 510.05M | -4.24M | -1.37B | -181.50M | -404.53M |
| Financing Activities | ||||||||||
| Long-Term Debt Issuance | — | — | — | 97.65M | — | 73.22M | — | — | — | — |
| Long-Term Debt Payments | -75.00M | — | — | -70.00M | — | -47.00M | — | — | — | -90.00M |
| Other Financing Charges | — | — | — | 97.65M | — | 73.22M | — | -7.13M | -1.82M | -1.83M |
| Financing Cash Flow | -249.78M | -91.24M | -107.04M | -50.28M | -175.17M | -32.71M | -69.72M | -123.26M | -172.33M | -151.62M |
| Other Cash Details | ||||||||||
| End Cash Position | 1.67B | 2.12B | 2.20B | 3.31B | 2.58B | 2.07B | 1.56B | 2.12B | 845.41M | 2.06B |
| Income Tax Paid | 1.93M | 4.82M | 463,000 | 5.05M | 2.63M | 544,000 | 696,000 | 391,000 | 596,000 | 985,000 |
| Interest Paid | 162.39M | 48.64M | 24.46M | 39.13M | 56.27M | 27.37M | 15.97M | 16.17M | 10.91M | 27.65M |
| Free Cash Flow | 246.02M | 192.40M | 235.63M | 167.58M | 225.95M | 276.84M | 222.90M | 168.83M | 112.58M | 137.65M |
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The Bank of N.T. Butterfield & Son Limited.
Oct 23, 2024
