Recent Developments
Butterfield reported net income of $46.9 million and core net income* of $63.9 million for the second quarter. The Bank reported a return on common equity of 16.6% and a core return on average tangible common equity* of 25.0% for the second quarter of 2026 with earnings and core earnings per diluted share* of $1.16 and $1.58, respectively.
The Bank’s second quarter results reflect the continued strength of its core banking franchise. Core net income improved from the first quarter, supported by higher net interest income and the initial contribution of trust fees from the acquisition of Rawlinson & Hunter Guernsey. The net interest margin remained stable, while deposit costs were well managed despite the competitive operating environment.
During the quarter, the Bank announced the acquisition of CIBC Caribbean, an opportunity that will double Butterfield’s size and strengthen the Bank’s position as the leading financial services provider across the Atlantic and Caribbean. The Bank remains on-track to close in the first half of 2027, which will add scale and new growth opportunities for Butterfield.
Butterfield remains focused on serving its clients, maintaining its disciplined approach to risk management and capital allocation, and executing on the opportunities before the Bank. The combination of resilient core earnings, a strong balance sheet, and the addition of the R&H Guernsey business, positions Butterfield well to create long-term value for its shareholders.
The Bank maintained its balanced capital return policy. The Board again declared a quarterly dividend of $0.50 per common share.
Capital Ratios
COMMON EQUITY TIER 1
31 Dec 2025 27.6%
TOTAL CAPITAL RATIO
31 Dec 2025 27.8%
Credit Ratings
Short-Term K1
Long-Term Senior A+
Short-Term P1
Long-Term Senior A2
Short-Term A2
Long-Term Senior BBB+