Butterfield Reports Third Quarter 2026 Results
Butterfield reported Q3 2026 net income of $61.0 million ($1.50 per diluted share), up sharply from $46.9 million ($1.16) in the prior quarter and roughly flat versus $61.1 million a year ago. Core net income was $64.2 million ($1.58 core EPS), with ROE of 21.3%, core return on average tangible common equity of 25.0%, and net interest margin expanding 2 bps sequentially to 2.76%. Deposits grew to $12.9 billion from $12.7 billion at year-end 2025, the total capital ratio strengthened to 29.6%, and the board declared a $0.50 quarterly dividend payable November 25, 2026.
Key figures
- Eps
- 1.5
- Revenue
- 162000000
- Core eps
- 1.58
- Core rotce
- 25.0%
- Net income
- 61000000
- Total assets
- 14270000000
- Total deposits
- 12898000000
- Core net income
- 64200000
- Efficiency ratio
- 59.8%
- Prior quarter eps
- 1.16
- Dividend per share
- $0.50
- Net interest income
- 97200000
- Net interest margin
- 2.76%
- Non interest income
- 64800000
- Total capital ratio
- 29.6%
- Non accrual loans pct
- 2.7%
- Non core deal expenses
- 3200000
- Return on common equity
- 21.3%
- Prior quarter net income
- 46900000
AI analysis
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