Butterfield Q2 FY26 net income drops 25.1% to $46.9 million

Reuters2026/07/27 20:31

By:Reuters

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Butterfield posted Q2 2026 net income of USD 46.9 million, or USD 1.16 per share, down from USD 62.6 million, or USD 1.53, in Q1 2026.
Core net income (non-GAAP) rose to USD 63.9 million, or USD 1.58 per share, from USD 63.2 million, or USD 1.55, in Q1 2026.
Return on average common equity slid to 16.6% from 22.1%, while the efficiency ratio widened to 67.6% from 56.8%.
Net interest income increased to USD 95.6 million from USD 93.3 million, while net interest margin edged down 1 basis point to 2.74%.
Butterfield closed the RH Guernsey acquisition, agreed to buy CIBC Caribbean with an expected first-half 2027 close, and declared a USD 0.50 quarterly dividend.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bank of N. T. Butterfield Son Limited published the original content used to generate this news brief via Business Wire (Ref. ID: 202607271630BIZWIRE_USPR_____20260727_BW430309) on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Butterfield Q2 FY26 net income drops 25.1% to $46.9 million

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