Butterfield Reports Third Quarter 2025 Results

The Bank of N.T. Butterfield & Son Limited announced its financial results for the third quarter of 2025. The bank reported a net income of $61.1 million, or $1.46 per diluted common share, compared to $53.3 million, or $1.25 per diluted common share, in the previous quarter. Core net income for the quarter was $63.3 million, or $1.51 per diluted common share. The return on average common equity was 22.5%, and the core return on average tangible common equity was 25.5%. The bank's net interest margin improved to 2.73%, driven by lower deposit costs and a conservative asset mix. The bank also declared a quarterly cash dividend of $0.50 per share and repurchased 0.7 million shares at a total cost of $30.3 million. The bank's Chairman and CEO, Michael Collins, highlighted the resilience of the business model and the effectiveness of the bank's strategy in delivering strong shareholder returns.