Butterfield Q1 2026 Earnings: $62.6M Net Income, $0.50 Dividend, Rawlinson & Hunter Acquisition

The Bank of N.T. Butterfield & Son Limited reported first quarter 2026 financial results with net income of $62.6 million ($1.53 per diluted share) and core net income of $63.2 million ($1.55 per diluted share). The bank achieved a 22.1% return on average common equity and 2.75% net interest margin. Key highlights include the successful completion of the Rawlinson & Hunter Guernsey acquisition on April 15, 2026, which expands the bank's private trust business with total assets under administration reaching $146 billion. The Board declared a quarterly cash dividend of $0.50 per share payable May 27, 2026, and the bank repurchased 0.8 million shares at a total cost of $42.4 million. Total assets increased to $14.4 billion, with deposits at $12.9 billion. Non-accrual loans decreased to 2.0% of total loans from 2.1% in the prior quarter.