The Bank of N.T. Butterfield & Son (NTB) - 2025 Q3 - Earnings Call Presentation

Financial Performance Highlights - Net income for Q3 2025 was $61.1 million, a 14.5% increase compared to Q2 2025 and a 15.8% increase compared to Q3 2024[9] - Core net income for Q3 2025 reached $63.3 million, up 17.9% from Q2 2025 and 19.8% from Q3 2024[9] - Return on average common equity was 22.5%, while core return on average tangible common equity was 25.5%[12] Income Statement Analysis - Net interest income was $92.7 million[9] - Non-interest income totaled $61.2 million, primarily driven by higher banking fees and increased foreign exchange revenue[9, 21] - Core non-interest expenses were $88.5 million, a decrease of 3.1% compared to the prior quarter[23] Balance Sheet Overview - Total assets amounted to $14.086 billion[26] - Total deposits reached $12.7 billion[26] - The loan-to-deposit ratio was 35%[53] Capital and Asset Quality - The bank's regulatory capital levels remain above minimum requirements[36] - Non-accrual loans were 2.0% of total loans[30] - Allowance for credit losses was $25.7 million, representing 0.6% of total loans[30] Interest Rate Sensitivity - Net unrealized losses on AFS securities improved to $101.5 million as of September 30, 2025[34] - Total investment portfolio duration decreased to 5.0 years[34]