The Bank of N.T. Butterfield & Son Limited
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. The Bank of N.T. Butterfield & Son Limited's past years’ income statements indicate that its last revenue has increased compared to the previous period by 6% to $583,218,000. The net income raised on $225,492,000 and profit margin reached 39%. Total operating expenses were $296,794,000.
Profit Margin
| 2014 | 389.88M | 108.15M | 27.74% |
|---|---|---|---|
| 2015 | 374.10M | 77.73M | 20.78% |
| 2016 | 407M | 115.9M | 28.48% |
| 2017 | 448.8M | 153.3M | 34.16% |
| 2018 | 510.8M | 195.2M | 38.21% |
| 2019 | 532.5M | 177.1M | 33.26% |
| 2020 | 502.7M | 147.21M | 29.29% |
| 2021 | 496.5M | 162.66M | 32.76% |
| 2022 | 551.7M | 214.02M | 38.79% |
| 2023 | 583.21M | 225.49M | 38.66% |
NTB Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 583.21M | 551.7M | 496.5M | 502.7M | 532.5M | 510.8M | 448.8M | 407M | 374.10M | 389.88M |
Cost of revenue | 178.61M | 0 | 0 | 0 | 0 | 0 | 8K | 401K | 338K | 451K |
Gross profit | 404.59M | 551.7M | 496.5M | 502.7M | 532.5M | 510.8M | 448.79M | 406.59M | 373.76M | 389.42M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 6.45M | 6.35M | 4.56M | 4.44M | 8.05M | 6.11M | 5.73M | 4.51M | 3.91M | 3.80M |
Total operating expenses | 296.79M | -374.17M | 236.62M | 244.46M | 257.14M | 224.87M | 214.26M | 202.92M | 196.24M | 191.13M |
Operating income | 281.80M | 177.52M | 165.8M | 149.6M | 175.7M | 221.06M | 153.3K | 115.9K | 102.33M | 134.60M |
Other income (expenses), net | -55.54M | 40.17M | 165.79M | -56.03M | 175.70M | -24.59M | -42.61M | 800 | -55.44M | -39.23M |
Income before tax | 226.25M | 217.7M | 165.8M | 149.6M | 175.7M | 196.5M | 154.3M | 116.7M | 79.01M | 107.99M |
Income tax expense | 767K | 3.7M | 3.1M | 2.4M | -1.4M | 1.3M | 1.1M | 700K | 1.27M | -169K |
Net income | 225.49M | 214.02M | 162.66M | 147.21M | 177.1M | 195.2M | 153.3M | 115.9M | 77.73M | 108.15M |
Earnings per share | ||||||||||
Basic EPS | 4.62 | 4.32 | 3.28 | 2.91 | 3.33 | 3.55 | 2.82 | 1.2 | 1.31 | 1.96 |
Diluted EPS | 4.58 | 4.29 | 3.26 | 2.9 | 3.3 | 3.5 | 2.76 | 1.18 | 1.29 | 1.93 |
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