Butterfield Q3 2026 net income rises 30% quarter-on-quarter to $61 million
NTB•Butterfield’s third-quarter 2026 net income rose 30% from the previous quarter to $61 million, while total net revenue increased 6% year over year to $162 million.
1. Quarterly results
Butterfield’s third-quarter 2026 net income rose 30% from the previous quarter to $61 million. Total net revenue increased 6% year over year to $162 million, and non-interest expenses fell 10% from the previous quarter to $99.3 million, primarily due to lower acquisition-related costs.
2. CIBC Caribbean acquisition
The planned CIBC Caribbean acquisition remains scheduled to close in the first half of 2027, with regulatory engagement and integration planning progressing.
