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NTBBank of N.T. Butterfield & Son LtdNYSE

Bank of N.T. Butterfield & Son Reports Strong Q1 2026 Earnings

6-KEarningsbullishImpact65

NTB Price

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Filing Brief

Bank of N.T. Butterfield & Son reported a strong first quarter with increased net income and EPS, alongside a completed acquisition

Earnings Snapshot

Net Income
$62.6 million
Diluted EPS
$1.53
Net Interest Margin
2.75%
Return on Avg Common Equity
22.1%

Summary

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Bank of N.T. Butterfield & Son Limited announced solid first-quarter 2026 results, with net income rising to $62.6 million, or $1.53 per diluted share, compared to $53.8 million, or $1.23 per diluted share, in Q1 2025. The improvement was driven by higher net interest income due to lower deposit costs and increased investment yields, alongside reduced non-interest expenses. Additionally, the company completed its acquisition of Rawlinson & Hunter Guernsey, expanding its private trust business, and continued its capital return program with share repurchases and a $0.50 quarterly dividend

Score65

Score Rationale

bullish

The company's significant increase in net income and EPS, coupled with a strategic acquisition, indicates a positive operational trajectory.

Performance & Outlook

Net Income

Up 16% YoY
Q1 2025
$53.8 million
Q1 2026
$62.6 million

Diluted EPS

Up 24% YoY
Q1 2025
$1.23
Q1 2026
$1.53

Net Interest Income

Up 4% YoY
Q1 2025
$89.3 million
Q1 2026
$93.3 million

Key Business Updates

  1. Acquisition ClosedRawlinson & Hunter Guernsey

    Completed the acquisition of Rawlinson & Hunter Guernsey, expanding private trust business.

  2. Deposit CostsLower

    Net interest income benefited from lower deposit costs due to central bank rate reductions.

  3. Operational EfficiencyImproved

    Reduced non-interest expenses, demonstrating operational efficiency during market volatility.

Other Material Event

Capital AllocationShare Repurchases & Dividends

The company repurchased 0.8 million shares for $42.4 million and declared a $0.50 quarterly dividend.

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NTB Market Context

SectorFinancial Services
IndustryBanks
Market Cap$2.39B
Shares Outstanding39.61M
Public Float38.85M
Public Float %98.1%
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Original Filing Text

SEC filing text preserved from the raw item store.



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of April, 2026
 
Commission File Number: 001-37877
 
The Bank of N.T. Butterfield & Son Limited
(Translation of registrant’s name into English)
 
65 Front Street
Hamilton, HM 12
Bermuda
(Address of principal executive offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
 
Form 20-F ý Form 40-F o
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o


DOCUMENTS INCLUDED AS PART OF THIS FORM 6-K
 
Attached hereto (i) as Exhibit 99.1 is the earnings release, (ii) as Exhibit 99.2 is the financial statements, and (iii) as Exhibit 99.3 is the earnings call presentation, all for The Bank of N.T. Butterfield & Son Limited for the three months ended March 31, 2026.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
Date:  April 28, 2026
THE BANK OF N.T. BUTTERFIELD & SON LIMITED
  
  
 By:/s/ Michael Schrum
 Name:Michael Schrum
 Title:President and Group Chief Financial Officer
2


EXHIBIT INDEX
 
Exhibit Description
   
 
Earnings release - First quarter 2026 results
Financial Statements - First quarter 2026 results
Earnings call presentation - First quarter 2026 results
3