← Bank of N.T. Butterfield & Son Ltd
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $214.0m | $225.5m | $216.3m | $231.9m | |
| Net Income (Loss) Attributable to Parent | $115.9m | $153.3m | $195.2m | $177.1m | $147.2m | $162.7m | $214.0m | $225.5m | $216.3m | $231.9m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $58.4m | $153.3m | $195.2m | — | — | $162.7m | $214.0m | $225.5m | $216.3m | $231.9m | |
| Depreciation, Amortization and Accretion, Net | $52.3m | $50.4m | $46.5m | $48.4m | $62.4m | $69.5m | $40.2m | $36.2m | $42.2m | $36.8m | |
| Amortization of Intangible Assets | $4.5m | $4.2m | $5.1m | $5.5m | $5.8m | $6.0m | $5.7m | $5.7m | $8.0m | $8.0m | |
| Depreciation | $24.3m | $23.5m | $26.1m | $26.6m | $29.2m | $27.2m | $18.5m | $19.8m | $21.4m | $21.3m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $40.2m | $36.2m | $42.2m | $36.8m | |
| Deferred Income Tax Expense (Benefit) | $0 | $231k | $563k | ($3.2m) | ($4k) | $305k | $459k | ($1.1m) | $582k | — | |
| Share-based Payment Arrangement, Noncash Expense | $14.4m | $8.4m | $12.6m | $17.7m | $15.2m | $15.2m | $17.1m | $20.8m | $21.0m | $22.2m | |
| Share-based Payment Arrangement, Expense | $14.1m | $8.1m | $11.7m | — | — | — | — | — | — | $21.9m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $37k | $0 | $0 | — | — | — | — | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | $0 | — | — | — | — | — | — | — | — | — | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $2.7m | $4.4m | $1.9m | $177k | |
| Income (Loss) from Equity Method Investments | $1.1m | $1.0m | $1.1m | $340k | $1.3m | $123k | $39k | ($165k) | ($334k) | $221k | |
| Income Tax Expense (Benefit) | $727k | $1.1m | $1.3m | ($1.4m) | $2.4m | $3.1m | $3.7m | $767k | $4.5m | $6.0m | |
| Operating Lease, Lease Income | — | — | — | $677k | $940k | $1.2m | $1.0m | $1.2m | $1.4m | $1.5m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($39k) | $165k | $334k | ($221k) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $6.7m | ($25.6m) | $7.8m | $17.0m | $8.1m | ($13.3m) | $54.0m | ($4.6m) | $10.0m | ($15.3m) | |
| Provision for Loan, Lease, and Other Losses | $4.4m | ($5.8m) | ($7.0m) | ($184k) | $8.3m | ($3.5m) | — | — | — | — | |
| Proceeds from Stock Options Exercised | $6.9m | $4.5m | $3.3m | $349k | $1.7m | $0 | $0 | — | — | — | |
| Parent Company | $19.3m | $69.7m | $83.7m | $93.6m | $88.9m | $87.3m | $87.3m | $86.2m | $79.6m | $77.7m | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | ($19k) | ($14k) | $0 | $0 | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | $14k | ($236k) | $0 | $0 | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | $925k | $658k | $85k | $14k | $43k | $0 | $0 | |
| Foreign Currency Transaction Gain (Loss), before Tax | $30.6m | $32.2m | $32.9m | $37.0m | $37.2m | $43.4m | $47.8m | $46.1m | $51.2m | $52.5m | |
| Goodwill | $19.6m | $21.5m | $24.0m | $24.8m | $25.6m | $25.4m | $22.9m | $24.1m | $23.6m | $25.4m | |
| Payments for Repurchase of Warrants | $100k | $0 | $0 | — | — | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $8.5m | ($3.1m) | $2.4m | $4.5m | $1.7m | $217k | |
| Beginning Cash Position | — | — | — | — | — | — | $2.2b | $2.1b | $1.7b | $2.1b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($506.8m) | ($1.4b) | $735.6m | ($745.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $292.0m | $681.8m | ($581.0m) | $102.4m | |
| Change In Other Working Capital | — | — | — | — | — | — | ($65k) | $1.9m | ($6.1m) | ($26.8m) | |
| Change In Receivables | — | — | — | — | — | — | ($54.0m) | $4.6m | ($10.0m) | $15.3m | |
| Change In Working Capital | — | — | — | — | — | — | ($54.1m) | $6.5m | ($16.1m) | ($11.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($54.0m) | $4.6m | ($10.0m) | $15.3m | |
| Changes In Cash | — | — | — | — | — | — | $4.5m | ($465.8m) | $420.0m | ($363.7m) | |
| End Cash Position | — | — | — | — | — | — | $2.1b | $1.7b | $2.1b | $1.8b | |
| Financing Cash Flow | — | — | — | — | — | — | ($506.8m) | ($1.4b) | $735.6m | ($745.6m) | |
| Free Cash Flow | — | — | — | — | — | — | $192.4m | $246.0m | $243.9m | $254.8m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $19k | $14k | $0 | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | $292.0m | $681.8m | ($581.0m) | $102.4m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | $0 | ($27.3m) | ($481k) | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($26.9m) | ($26.9m) | ($21.0m) | ($24.8m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($20k) | $179k | $334k | ($221k) | |
| Other Non Cash Items | — | — | — | — | — | $53k | ($448k) | $1.1m | ($50k) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $0 | $0 | — | — | — | |
| Purchase Of Intangibles | — | — | — | — | — | — | $0 | ($27.3m) | ($481k) | $0 | |
| Purchase Of PPE | — | — | — | — | — | — | ($26.9m) | ($26.9m) | ($21.0m) | ($24.8m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($3.9m) | ($88.6m) | ($155.3m) | ($146.7m) | |
| Stock Based Compensation | — | — | — | — | — | — | $17.1m | $20.8m | $21.0m | $22.2m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | ($14k) | $236k | $0 | $0 | |
| Derivative, Gain (Loss) on Derivative, Net | $1.3m | ($15.7m) | $1.7m | $390k | ($15.0m) | $18.0m | ($3.3m) | ($11.8m) | $43.8m | ($35.7m) | |
| Net Cash Provided by (Used in) Operating Activities | $178.2m | $241.7m | $296.3m | $249.6m | $188.2m | $251.3m | $219.3m | $300.3m | $265.4m | $279.6m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($26.9m) | ($54.3m) | ($21.5m) | ($24.8m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $21.8m | $0 | $20.7m | — | — | — | — | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $370.9m | $278.1m | ($797.1m) | ($99.8m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($3.0b) | ($2.3b) | ($4.1b) | ($3.6b) | |
| Sale Of Investment | — | — | — | — | — | — | $3.4b | $2.5b | $3.3b | $3.5b | |
| Net Other Investing Changes | — | — | — | — | — | $4.4m | $1.9m | $646k | $588k | — | |
| Net Cash Provided by (Used in) Investing Activities | ($1.2b) | ($168.6m) | $338.6m | $1.1b | ($41.7m) | ($1.9b) | $292.0m | $681.8m | ($581.0m) | $102.4m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $576.9m | $525.0m | $480.8m | $348.7m | $565.0m | $650.3m | $230.7m | $292.0m | $507.0m | $317.3m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | ($75.0m) | $0 | ($100.0m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $0 | ($75.0m) | $0 | ($100.0m) | |
| Repayments of Long-term Debt | $0 | — | $47.0m | $0 | $70.0m | $0 | $0 | $75.0m | $0 | $100.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | $0 | ($75.0m) | $0 | ($100.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | $0 | ($75.0m) | $0 | ($100.0m) | |
| Proceeds from Issuance of Common Stock | $131.6m | $13k | $0 | $0 | — | — | — | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($3.9m) | ($88.6m) | ($155.3m) | ($146.7m) | |
| Payments for Repurchase of Common Stock | $1.6m | $0 | $48.4m | $81.5m | $86.6m | $19.8m | $3.9m | $88.6m | $155.3m | $146.7m | |
| Payments of Ordinary Dividends, Common Stock | $19.3m | $69.7m | $83.7m | $93.6m | $88.9m | $87.3m | $87.3m | $86.2m | $79.6m | $77.7m | |
| Common Stock Payments | — | — | — | — | — | — | ($3.9m) | ($88.6m) | ($155.3m) | ($146.7m) | |
| Dividends Payable | $0 | — | — | — | — | — | — | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($87.3m) | ($86.2m) | ($79.6m) | ($77.7m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($87.3m) | ($86.2m) | ($79.6m) | ($77.7m) | |
| Dividend Received CFO | — | — | — | — | — | — | $169k | $5.3m | $135k | $60k | |
| Net Cash Provided by (Used in) Financing Activities | $939.6m | ($686.3m) | ($125.2m) | ($919.4m) | $546.4m | $535.8m | ($506.8m) | ($1.4b) | $735.6m | ($745.6m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $2.6m | $86.1m | $42.7m | $7.5m | ($91.4m) | $21.5m | ($3.7m) | $51.9m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($91.4m) | $21.5m | ($3.7m) | $51.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $512.4m | $508.8m | $735.6m | ($1.1b) | ($87.0m) | ($444.3m) | $416.3m | ($311.9m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $2.1b | $2.6b | $3.3b | $2.2b | $2.1b | $1.7b | $2.1b | $1.8b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($87.0m) | ($444.3m) | $416.3m | ($311.9m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $27.4m | $56.3m | $39.1m | $24.5m | $48.6m | $162.4m | $235.5m | $203.2m | |
| Income Taxes Paid, Net | $391k | $696k | $544k | $2.6m | $5.1m | $463k | $4.8m | $1.9m | $2.2m | $4.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.