Recent Developments
Butterfield’s strong performance in the first quarter of 2025 continued to demonstrate the resilience of its balance sheet, with an expanding net interest margin, higher net interest income, stable core efficiency and effective capital management.
Butterfield remains committed to managing the Bank for the longterm benefit of its clients and communities, while creating value for shareholders across economic and interest rate cycles.
The Bank reported net income of $53.8 million and core net income* of $56.7 million. The Bank reported a return on common equity of 20.9% and a core return on average tangible common equity* of 24.2% for the first quarter of 2025 with earnings and core earnings per diluted share* of $1.23 and $1.30, respectively.
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+