company NTB - SteadyBase

steadybase-$ company NTB

account_id none on file

legal_name Bank of N.T. Butterfield & Son Ltd

ticker NTB

cik 1653242

domain butterfieldgroup.com

linkedin_company_url https://www.linkedin.com/company/butterfieldgroup/

entry_point_account_id none on file

name Bank of N.T. Butterfield & Son Limited

exchange NYSE

sector Finance

irhttps://www.butterfieldgroup.com/investor-relations

sector index/company/sector/finance/

calls 3 filings 20 executives 21 family 0

why_nownone on file

calls

During the third quarter, Bermuda's business environment remained stable with continued expansion of international business and the local economy showing signs of growth. The government is forecasting its first budget surplus in over two decades, and with corporate income tax introduced this year, there are expectations this will generate meaningful revenue that could help ease cost of living and business pressures while reducing sovereign debt over time. Overall, the outlook is positive for Bermuda's fiscal position, with solid performance and growth continuing in the international business sector, particularly in reinsurance. Tourism in Bermuda had a good 2025 season, supported by improved hotel occupancy rates. Average daily rates were up 10% August year to date, with occupancy levels remaining stable. Air arrivals are steady and visitor expenditure is up 2% despite a lower overall room inventory. Looking ahead, airlift capacity and hotel inventory are expected to benefit from ongoing foreign direct investments in the island's hospitality infrastructure. The 593-room Fairmont Southampton is currently projected to reopen in summer 2026, while Grotto Bay Beach Resort has announced expansion plans. Additionally, The announced complete redevelopment of Elbow Beach Resort, expected to commence in 2026, reflects overall investor confidence in the long-term prospects for Bermuda's hospitality sector. Bermuda will also gain visibility from major international events, including the

Oct 29, 2025 / receipt, needs a key / Jody Feldman, other | earnings call 2025-10-29 | transcript 367e4318-407c-4f6a-9a5d-c631fbb32c48 | chars 4189-5689 | segment 4

Butterfield's strong balance sheet is supported by capital-efficient and recurring non-interest income, disciplined expense management, and net interest earnings.

Apr 24, 2025 / receipt, needs a key / Michael Collins, CEO | earnings call 2025-04-24 | transcript 9a4c1dfa-bb4c-40c2-b0f3-cee738a9b51c | chars 10520-10682 | segment 10

I am pleased with Butterfield's performance in the second quarter. as we achieved strong profitability supported by client-focused products and services, a stable balance sheet, diverse fee income, and disciplined expense management.

Jul 23, 2024 / receipt, needs a key / Michael Collins, CEO | earnings call 2024-07-23 | transcript a1d26620-26df-4b1e-a42a-eb49d2eb7653 | chars 1927-2160 | segment 1

filings

Michael Weld Collins | 62 | Chairman & Chief Executive Officer