Recent Developments
Butterfield reported net income of $62.6 million and core net income* of $63.2 million for the first quarter. The Bank reported a return on common equity of 22.1% and a core return on average tangible common equity* of 24.1% for the first quarter of 2026 with earnings and core earnings per diluted share* of $1.53 and $1.55, respectively.
The Bank had a solid first quarter, with strong financial performance, as well as continuing its M&A driven growth with the agreement to acquire Rawlinson & Hunter in Guernsey. During the first quarter, the Bank saw sustained demand for its services across banking, wealth management and trust. Net interest income benefited from lower deposit costs, as well as stable deposit volumes in all of its jurisdictions. The reduction in non-interest expenses demonstrates the Bank’s operational efficiency, particularly during periods of falling interest rates and market volatility.
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+