The Bank of N.T. Butterfield & Son Limited (NTB) Revenue History
Annual and quarterly revenue from 2012 to present
NTB Revenue Over Time (2012–2025)
NTB Revenue Growth History
10 of 13 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- +2.9%
- FY2014 revenue growth
- +14.1%
- FY2015 revenue growth
- -4.0%
- FY2016 revenue growth
- +8.8%
- FY2017 revenue growth
- +10.3%
- FY2018 revenue growth
- +13.8%
- FY2019 revenue growth
- +4.2%
- FY2020 revenue growth
- -5.6%
- FY2021 revenue growth
- +3.9%
- FY2022 revenue growth
- +16.3%
- FY2023 revenue growth
- +25.6%
- FY2024 revenue growth
- +7.2%
- FY2025 revenue growth
- -2.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $203.0M | — |
| Q3 2025 | $200.5M | — |
| Q2 2025 | $198.0M | — |
| Q1 2025 | $198.5M | — |
| Q4 2024 | $209.2M | — |
| Q3 2024 | $206.0M | — |
| Q2 2024 | $203.3M | — |
| Q1 2024 | $198.0M | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
NTB's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
NTB Revenue Analysis (2012–2025)
Current Revenue & Growth
As of June 22, 2026, The Bank of N.T. Butterfield & Son Limited (NTB) generated trailing twelve-month (TTM) revenue of $800.0 million, reflecting slight decline in growth of -2.9% year-over-year. The most recent quarter (Q4 2025) recorded $203.0 million in revenue, up 1.3% sequentially.
Historical Growth Trajectory
NTB's 5-year compound annual growth rate (CAGR) stands at +9.8%, indicating steady revenue expansion. The 3-year CAGR of +9.7% is in line with the 5-year average, suggesting consistent growth. The Bank of N.T. Butterfield & Son Limited's highest annual revenue of $816.5 million was recorded in 2024.
Revenue by Segment
NTB's revenue is primarily driven by Bermuda Segment (43%), Cayman Segment (31%), and Channel Islands And United Kingdom Segment (18%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Financial Services sector peers — including WSFS, FIBK, and BOKF. Compare NTB vs WSFS →
NTB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NTBCurrent | $800M | -2.9% | +9.8% | 29.8% | |
 WSFS | $1.4B | - | - | 28.0% | |
 FIBK | $1.1B | - | - | 37.0% | |
 BOKF | $3.3B | - | - | 21.4% | |
 IBCP | $315M | - | - | 25.8% | |
 CATY | $1.4B | - | - | 29.4% |
NTB Historical Revenue Data (2012–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $799.8M | - | $606.7M | 75.9% | $238.0M | 29.8% |
| 2024 | $816.5M | - | $580.3M | 71.1% | $220.8M | 27.0% |
| 2023 | $761.9M | - | $578.8M | 76.0% | $226.3M | 29.7% |
| 2022 | $606.4M | - | $549.2M | 90.6% | $217.7M | 35.9% |
| 2021 | $521.5M | - | $499.6M | 95.8% | $165.8M | 31.8% |
| 2020 | $502.1M | - | $502.1M | 100.0% | $0 | - |
| 2019 | $532.1M | - | $532.1M | 100.0% | $0 | - |
| 2018 | $510.8M | - | $510.8M | 100.0% | $221.1M | 43.3% |
| 2017 | $448.8M | - | $448.8M | 100.0% | $153K | 0.0% |
| 2016 | $407.0M | - | $406.6M | 99.9% | $116K | 0.0% |
| 2015 | $374.1M | - | $373.8M | 99.9% | $102.3M | 27.4% |
| 2014 | $389.9M | - | $389.4M | 99.9% | $134.6M | 34.5% |
| 2013 | $341.7M | - | $341.7M | 100.0% | $82.4M | 24.1% |
| 2012 | $331.9M | - | $331.9M | 100.0% | $62.1M | 18.7% |
Intrinsic Valuation
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Historical Returns
14+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
NTB — Frequently Asked Questions
Quick answers to the most common questions about buying NTB stock.
Is NTB's revenue growth accelerating or slowing?
NTB revenue growth is slowing. TTM revenue is $800M, up -2.9% year-over-year — below the 5-year CAGR of +9.8%. The deceleration suggests maturing end-markets or increased competition.
What is NTB's revenue history from 2012 to 2026?
The Bank of N.T. Butterfield & Son Limited (NTB) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $800M, growing at -2.9% YoY. The 5-year CAGR is +9.8%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NTB's long-term revenue growth rate (CAGR)?
The Bank of N.T. Butterfield & Son Limited's 5-year revenue CAGR of +9.8% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -2.9% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NTB.
Why does NTB's quarterly revenue fluctuate?
NTB quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. The Bank of N.T. Butterfield & Son Limited's revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is NTB's revenue distributed by segment?
NTB reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NTB's revenue compare to industry peers?
The Bank of N.T. Butterfield & Son Limited (NTB) with TTM revenue of $800M and -2.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.