Bank of N.T. Butterfield & Son Ltd

The company is a full-service bank and wealth manager headquartered in Hamilton, Bermuda. It operates through three geographic segments: Bermuda, the Cayman Islands, and the Channel Islands and the UK (CI & UK), along with an "Other" segment. In Bermuda and the Cayman Islands, the company offers banking services, including retail, private, and corporate banking, treasury services, and wealth management, which covers investment management, advisory and brokerage services, trust, estate, and company management. Custody services are also provided in the Bermuda segment. The CI & UK segment includes Guernsey and Jersey (Channel Islands), and the UK. In the Channel Islands, services for individuals, private clients, trusts, financial intermediaries, and funds include deposit services, mortgage lending, private and corporate banking, treasury services, wealth management, and fiduciary services. In 2023, the company began issuing credit cards to Channel Islands residents. The UK jurisdiction focuses on mortgage lending for high-value residential properties. Operations in The Bahamas, Canada, Mauritius, Singapore, and Switzerland are included in the "Other" segment. For the year ended December 31, 2025, the company generated $606.8 million in net revenue. Net revenue by segment for 2025, 2024, and 2023 was: Bermuda $273.7 million, $262.0 million, $269.9 million; Cayman $197.4 million, $189.5 million, $200.6 million; Channel Islands and the UK $114.6 million, $108.3 million, $91.6 million; and Other $46.6 million, $42.6 million, $35.9 million. As of December 31, 2025, the company had $14.1 billion in total assets, $4.4 billion in net loans, $12.7 billion in total deposits (50% USD, 21% USD-pegged, 23% GBP), $134.7 billion in trust assets under administration, $32.3 billion in custody businesses assets under administration, and $6.9 billion in assets under management.