Butterfield Bank Q4 Revenue Rises 4.7% to $159.1M; EPS $1.54 Beats
Butterfield Bank posted Q4 CY2025 revenue of $159.1 million, a 4.7% year-on-year increase, beating estimates by 3.6%. Adjusted EPS was $1.54, topping consensus by 5%, while tangible book value per share climbed 22% to $26.41.
1. Q4 Financial Highlights
In Q4 CY2025, Butterfield Bank reported revenue of $159.1 million, up 4.7% year-on-year and 3.6% ahead of consensus. Adjusted EPS reached $1.54, a 5% beat, supported by net interest income of $92.6 million and an efficiency ratio of 57.2%.
2. Net Interest and Revenue Drivers
Net interest income comprised the bulk of total revenue, rising to $92.6 million from lower deposit costs and asset redeployment, with net interest margin holding steady at 2.7%. Non-interest income also benefited from growth in banking fees and private trust services.
3. Capital Position and Book Value Growth
Tangible book value per share increased 22% year-on-year to $26.41, reflecting disciplined capital management and strong equity accumulation. Consensus forecasts project TBVPS to reach $29.09 over the next 12 months, underscoring ongoing balance sheet strength.