Recent Developments
Butterfield reported strong second quarter results, which continues to underscore the consistency of its high risk-adjusted returns, supported by disciplined risk management and high-quality client relationships. The solid performance was driven by net interest income, diversified fee revenue, prudent expense management, and a strong, stable balance sheet. The Butterfield franchise continues to generate long-term value in a dynamic external environment.
The Bank reported net income of $53.3 million and core net income* of $53.7 million for the second quarter. The Bank reported a return on common equity of 20.3% and a core return on average tangible common equity* of 22.3% for the second quarter of 2025 with earnings and core earnings per diluted share* of $1.25 and $1.26, respectively.
The net interest margin was 2.64% in the second quarter, a decrease of 6 basis points from the previous quarter primarily due to lower treasury yields and the early redemption of the Bank’s subordinated debt which resulted in the accelerated amortization of the related unamortized issuance costs.
Capital Ratios
COMMON EQUITY TIER 1
31 Dec 2024 23.5%
TOTAL CAPITAL RATIO
31 Dec 2024 25.8%
Credit Ratings
Short-Term K1
Long-Term Senior A+
Short-Term P2
Long-Term Senior A3
Short-Term A2
Long-Term Senior BBB+