Bank of NT Butterfield & Son Ltd-The (NTB) Financials

Bank of NT Butterfield & Son Ltd., commonly known as The Bank of Butterfield, is a financial institution based in Bermuda. The bank offers a range of financial services to individual and corporate clients, including banking, lending, wealth management, and trust services. The company operates primarily in Bermuda, the Cayman Islands, Guernsey, and Jersey, with additional offices in other international financial centers. NTB is listed on the New York Stock Exchange and the Bermuda Stock Exchange. As of the latest financial statements, Bank of NT Butterfield & Son Ltd reported total revenue of $767 million. The bank's gross profit amounted to $498 million, with a net income from stockholders of $181 million.

To assess the financial health of Bank of NT Butterfield & Son Ltd, it is important to examine key metrics such as EBIT, EBITDA, and net debt. The bank's EBIT, or earnings before interest and taxes, was $277 million. EBITDA, which represents earnings before interest, taxes, depreciation, and amortization, stood at $339 million. These figures indicate the bank's ability to generate profits from its core operations. In terms of net debt, Bank of NT Butterfield & Son Ltd reported a total debt of $3.2 billion, offset by cash equivalents of $1.2 billion. This suggests the bank has a manageable level of debt relative to its available cash resources.

Examining the balance sheet of Bank of NT Butterfield & Son Ltd, we can analyze the bank's financial position. The bank reported total assets of $35.6 billion, indicating a strong asset base. Stockholders' equity, representing the net worth of the company, amounted to $1.9 billion. This signifies the bank's financial stability and ability to meet its obligations. On the liability side, the bank reported total liabilities of $33.7 billion, demonstrating the extent of its financial obligations.

In terms of cash flow, Bank of NT Butterfield & Son Ltd reported positive operating cash flow of $420 million. This indicates the bank's ability to generate cash from its day-to-day operations. Additionally, the bank reported positive investing cash flow of $9 million, suggesting it made strategic investments during the period. However, the bank reported negative financing cash flow of $422 million, indicating it raised capital or paid off debt during the period. Finally, the bank's free cash flow, which represents the cash left after deducting capital expenditures from operating cash flow, was $411 million. This figure reflects the bank's ability to generate cash that can be used for further investments or returned to shareholders.

Overall, the financial statements of Bank of NT Butterfield & Son Ltd indicate a financially sound institution. The bank's strong total revenue, gross profit, and net income from stockholders demonstrate its ability to generate profits. The balance sheet shows a solid asset base and adequate equity to meet obligations. Additionally, the bank's positive cash flow and free cash flow highlight its ability to generate and deploy capital efficiently.