Bank Of N.t. Butterfield & Son Ltd cash flow statement

In fiscal 2025, Bank Of N.t. Butterfield & Son Ltd's operations generated $280m of cash; it spent $0 on capital projects, leaving free cash flow of $280m. It returned $77.7m in dividends and $147m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Bank Of N.t. Butterfield & Son Ltd: cash flow statement, annual
Fiscal year	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	144	156	179	242	297	249	188	251	219	300	265	280
Depreciation and amortisation	45	50	52	50	46	48	62	69	40	36	42	37
Stock-based pay	9	8	14	8	13	18	15	15	17	21	21	22
Capital spending	6	1	10	19	19	0	0	0	0	0	0	0
Free cash flow	138	154	169	223	278	249	188	251	219	300	265	280
Free cash flow after stock pay	129	146	154	214	266	231	173	236	202	279	244	257
Dividends paid	27	25	19	70	84	94	89	87	87	86	80	78
Share buybacks	17	131	2	0	48	82	87	20	4	89	155	147
Shares issued	0	0	132	0	0	0	—	—	—	—	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Bank Of N.t. Butterfield & Son Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Bank Of N.t. Butterfield & Son Ltd.