The Bank of N.T. Butterfield & Son (NTB) - 2025 Q1 - Earnings Call Presentation

Financial Performance - The company reported net income of $538 million, or $123 per share[9, 12] - Core net income reached $567 million, equivalent to $130 per share[9, 12] - Return on average common equity was 209%, while core return on average tangible common equity was 242%[10, 12] Income Statement Analysis - Net interest income increased to $893 million[9, 14] - Non-interest income totaled $584 million, a decrease of $48 million compared to the previous quarter[9, 17, 20] - Non-interest expenses amounted to $944 million[9] Balance Sheet Review - Total assets stood at $1402 billion, a decrease of 2% from the previous quarter[25] - Total deposits reached $126 billion[25, 27] - The company's balance sheet maintained a low risk density of 300%[27] Asset Quality - Non-accrual loans increased to 23% of gross loans[29] - Allowance for credit losses was $253 million, representing an ACL/Total loans ratio of 06%[29] Capital and Dividends - The company's regulatory capital levels remained above minimum requirements[35] - The quarterly dividend rate remained at $044 per common share[12, 35] - The combined payout ratio was 112%[35]