Quarterly ResultApr 28, 2026, 04:33 PM
NTB Q1 Net Income +16.5% to $62.6M; Basic EPS $1.57, up 24.6%
AI Summary
Bank of N.T. Butterfield & Son Ltd reported strong Q1 2026 results with net income increasing 16.5% year-over-year to $62.6 million and basic earnings per share rising 24.6% to $1.57. Total net revenue grew 4.3% to $154.5 million, driven by a 7.2% increase in non-interest income and a 4.4% rise in net interest income. The company also saw a 2.9% decrease in non-interest expenses.
Key Highlights
- Net income for Q1 2026 increased 16.5% YoY to $62.6 million.
- Basic earnings per share rose 24.6% YoY to $1.57.
- Total net revenue grew 4.3% YoY to $154.5 million.
- Total non-interest income increased 7.2% YoY to $62.6 million.
- Net interest income before provision for credit losses increased 4.4% YoY to $93.3 million.
- Total assets increased 2.3% QoQ to $14.4 billion.
- Total deposits increased 1.5% QoQ to $12.9 billion.
- Cash dividend declared and paid was $0.50 per share, up 13.6% YoY.