The Bank of N.T. Butterfield & Son Limited(NYSE:NTB) 
The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits, as well as certific...
Website: http://www.butterfieldgroup.com
Full Time Employees: 1,389
Sector: Financial Services
Industry: Banks-Diversified
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Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-03-31 | 2016-12-31 | 2016-10-25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
non-interest income | ||||||||||||||||||||||||||||||||
asset management | 9,914,000 | 9,379,000 | 9,549,000 | 9,149,000 | 9,454,000 | 8,884,000 | 8,842,000 | 7,938,000 | 7,433,000 | 7,413,000 | 7,410,000 | 7,471,000 | 7,560,000 | 7,431,000 | 7,425,000 | 7,437,000 | 7,237,000 | 6,804,000 | 7,359,000 | 7,825,000 | 7,760,000 | 7,370,000 | 6,547,000 | 6,489,000 | 6,188,000 | 6,379,000 | 6,586,000 | 6,336,000 | 5,840,000 | 6,031,000 | 5,596,000 | |
banking | 17,830,000 | 14,725,000 | 15,076,000 | 21,197,000 | 14,421,000 | 13,805,000 | 14,259,000 | 13,600,000 | 17,473,000 | 14,051,000 | 12,919,000 | 12,677,000 | 15,371,000 | 12,603,000 | 12,543,000 | 11,403,000 | 13,636,000 | 13,352,000 | 9,141,000 | 11,217,000 | 13,996,000 | 12,130,000 | 12,817,000 | 10,564,000 | 10,769,000 | 10,860,000 | 11,993,000 | 10,795,000 | 10,043,000 | 10,985,000 | 9,670,000 | |
foreign exchange revenue | 13,224,000 | 11,953,000 | 13,680,000 | 13,248,000 | 12,226,000 | 12,582,000 | 13,192,000 | 10,712,000 | 11,520,000 | 11,834,000 | 12,044,000 | 12,433,000 | 10,891,000 | 10,809,000 | 10,525,000 | 11,209,000 | 9,290,000 | 9,021,000 | 8,085,000 | 10,784,000 | 9,846,000 | 10,026,000 | 8,594,000 | 7,842,000 | 8,265,000 | 8,194,000 | 8,818,000 | 7,561,000 | 8,306,000 | 7,384,000 | 6,474,000 | |
trust | 16,236,000 | 16,371,000 | 15,628,000 | 15,075,000 | 15,773,000 | 15,437,000 | 15,044,000 | 12,838,000 | 13,740,000 | 12,568,000 | 13,266,000 | 12,738,000 | 14,175,000 | 12,895,000 | 13,004,000 | 12,799,000 | 13,260,000 | 12,907,000 | 12,336,000 | 12,150,000 | 12,951,000 | 12,698,000 | 13,774,000 | 13,128,000 | 13,248,000 | 10,854,000 | 11,344,000 | 10,949,000 | 11,390,000 | 11,527,000 | 11,585,000 | |
custody and other administration services | 3,141,000 | 3,152,000 | 3,509,000 | 3,646,000 | 3,484,000 | 3,371,000 | 3,314,000 | 3,336,000 | 3,355,000 | 3,343,000 | 3,338,000 | 3,590,000 | 3,860,000 | 3,737,000 | 3,798,000 | 3,837,000 | 3,430,000 | 3,550,000 | 3,274,000 | 3,591,000 | 3,476,000 | 3,645,000 | 2,382,000 | 2,243,000 | 2,412,000 | 2,225,000 | 2,169,000 | 2,046,000 | 2,012,000 | 2,033,000 | 2,300,000 | |
other non-interest income | 836,000 | 1,439,000 | 988,000 | 923,000 | 679,000 | 1,568,000 | 442,000 | 1,761,000 | 1,415,000 | 711,000 | 2,834,000 | 1,011,000 | 817,000 | 1,542,000 | 1,548,000 | 888,000 | 909,000 | 1,243,000 | 1,455,000 | 2,003,000 | 1,681,000 | 777,000 | 1,599,000 | 1,007,000 | 1,057,000 | 1,249,000 | 1,441,000 | 546,000 | 947,000 | 829,000 | 641,000 | |
total non-interest income | 61,181,000 | 57,019,000 | 58,430,000 | 63,238,000 | 56,037,000 | 55,647,000 | 55,093,000 | 50,185,000 | 54,936,000 | 49,920,000 | 51,811,000 | 49,920,000 | 52,674,000 | 49,017,000 | 48,843,000 | 47,573,000 | 47,762,000 | 46,877,000 | 41,650,000 | 47,570,000 | 49,710,000 | 46,646,000 | 45,713,000 | 41,273,000 | 41,939,000 | 39,761,000 | 42,351,000 | 38,233,000 | 38,538,000 | 38,789,000 | 36,266,000 | |
interest income | ||||||||||||||||||||||||||||||||
interest and fees on loans | 70,267,000 | 71,046,000 | 69,435,000 | 74,089,000 | 76,445,000 | 76,592,000 | 76,986,000 | 77,488,000 | 73,524,000 | 65,268,000 | 56,542,000 | 54,056,000 | 54,605,000 | 55,845,000 | 55,487,000 | 55,607,000 | 56,151,000 | 56,379,000 | 56,410,000 | 61,716,000 | 60,949,000 | 59,629,000 | 57,656,000 | 56,567,000 | 53,722,000 | 50,550,000 | 49,151,000 | 47,912,000 | 44,007,000 | 45,983,000 | 47,282,000 | |
investments | ||||||||||||||||||||||||||||||||
available-for-sale | 19,839,000 | 18,326,000 | 17,763,000 | 15,830,000 | 12,688,000 | 10,801,000 | 9,573,000 | 8,908,000 | 8,916,000 | 8,518,000 | 9,637,000 | 11,868,000 | 12,208,000 | 12,083,000 | 12,200,000 | 11,931,000 | 11,653,000 | 11,196,000 | 12,769,000 | 15,003,000 | 14,688,000 | 15,429,000 | 15,553,000 | 17,988,000 | 18,077,000 | 17,318,000 | 17,088,000 | 16,275,000 | 15,874,000 | 14,657,000 | 13,350,000 | |
held-to-maturity | 17,387,000 | 17,906,000 | 18,307,000 | 18,641,000 | 18,852,000 | 18,820,000 | 19,325,000 | 20,921,000 | 21,057,000 | 20,893,000 | 19,340,000 | 15,563,000 | 13,860,000 | 13,715,000 | 12,779,000 | 13,134,000 | 13,508,000 | 13,780,000 | 15,076,000 | 16,243,000 | 16,968,000 | 17,444,000 | 16,408,000 | 14,662,000 | 12,947,000 | 11,310,000 | 9,465,000 | 9,232,000 | 8,559,000 | 6,207,000 | 5,599,000 | |
cash and cash equivalents, securities purchased under agreements to resell and short-term investments | 31,911,000 | 33,634,000 | 34,507,000 | 36,890,000 | 41,989,000 | 41,368,000 | 36,828,000 | 27,138,000 | ||||||||||||||||||||||||
total interest income | 139,404,000 | 140,912,000 | 140,012,000 | 145,450,000 | 149,974,000 | 147,581,000 | 142,712,000 | 134,455,000 | 121,473,000 | 104,648,000 | 89,738,000 | 82,524,000 | 80,954,000 | 82,002,000 | 80,698,000 | 81,244,000 | 81,938,000 | 82,358,000 | 85,324,000 | 102,389,000 | 103,521,000 | 105,034,000 | 95,699,000 | 95,005,000 | 92,693,000 | 84,191,000 | 80,359,000 | 78,002,000 | 71,919,000 | 70,582,000 | 68,833,000 | |
interest expense | ||||||||||||||||||||||||||||||||
deposits | 46,681,000 | 49,170,000 | 49,136,000 | 54,392,000 | 59,662,000 | 58,738,000 | 54,209,000 | 34,696,000 | 24,456,000 | 11,095,000 | 5,368,000 | 4,257,000 | 4,037,000 | 3,921,000 | 3,596,000 | 3,936,000 | 3,738,000 | 4,306,000 | 4,141,000 | 12,931,000 | 15,356,000 | 16,747,000 | 6,281,000 | 4,811,000 | 3,583,000 | 2,942,000 | 2,983,000 | 2,486,000 | 2,793,000 | 2,611,000 | 2,695,000 | |
long-term debt | 2,310,000 | 1,371,000 | 1,371,000 | 1,371,000 | 1,372,000 | 1,371,000 | 2,400,000 | 2,400,000 | 2,400,000 | 2,401,000 | 2,400,000 | 2,400,000 | 2,400,000 | 2,401,000 | 2,400,000 | 2,620,000 | 2,739,000 | 2,068,000 | 1,867,000 | 1,911,000 | 1,959,000 | 1,981,000 | 1,918,000 | 1,705,000 | 1,345,000 | 1,279,000 | 1,258,000 | 1,193,000 | 1,161,000 | 1,134,000 | ||
securities sold under agreements to repurchase | 2,000 | 27,000 | 178,000 | |||||||||||||||||||||||||||||
total interest expense | 46,683,000 | 51,507,000 | 50,685,000 | 56,814,000 | 61,921,000 | 60,145,000 | 55,634,000 | 37,100,000 | 26,878,000 | 13,495,000 | 7,769,000 | 6,657,000 | 6,437,000 | 6,321,000 | 5,997,000 | 6,336,000 | 6,358,000 | 7,045,000 | 6,209,000 | 14,798,000 | 17,281,000 | 18,706,000 | 8,277,000 | 6,729,000 | 5,297,000 | 4,296,000 | 4,262,000 | 3,744,000 | 3,986,000 | 3,772,000 | 3,835,000 | |
net interest income before provision for credit losses | 92,721,000 | 89,405,000 | 89,327,000 | 88,636,000 | 88,053,000 | 87,436,000 | 87,078,000 | 63,891,750 | 88,276,000 | 87,396,000 | 79,895,000 | 53,411,750 | 74,258,000 | 67,933,000 | ||||||||||||||||||
provision for credit (losses) recoveries | -564,000 | -209,000 | 379,000 | -272,000 | -1,316,000 | -483,000 | 409,000 | |||||||||||||||||||||||||
net interest income after provision for credit losses | 92,157,000 | 89,196,000 | 89,706,000 | 88,364,000 | 86,737,000 | 86,953,000 | 87,487,000 | 65,211,000 | 91,087,000 | 87,920,000 | 81,837,000 | 53,533,500 | 74,919,000 | 68,272,000 | ||||||||||||||||||
net gains on other real estate owned | -18,000 | 80,000 | -12,000 | 59,000 | 434,000 | -25,000 | 65,000 | -26,000 | -27,000 | 37,000 | -63,000 | -175,000 | 71,000 | 15,250 | 9,000 | 79,000 | 18,500 | 68,000 | -106,500 | -117,000 | ||||||||||||
net other gains | -61,000 | 69,000 | 25,000 | 146,000 | -52,000 | -16,000 | 249,000 | 9,000 | 169,000 | 54,000 | -29,000 | 885,000 | -1,538,000 | 476,000 | 590,000 | -682,000 | -842,000 | 196,000 | 92,000 | 2,000 | 36,000 | 26,000 | -29,250 | 673,000 | ||||||||
total other gains | -61,000 | 69,000 | 25,000 | 128,000 | -52,000 | 64,000 | 237,000 | 110,000 | 570,000 | 71,000 | 78,000 | 803,000 | -1,565,000 | 274,000 | 683,000 | -753,000 | -394,000 | 1,512,000 | 684,000 | 300,000 | 523,000 | 654,000 | 353,000 | -2,695,000 | 1,755,000 | 223,000 | 798,000 | 624,000 | ||||
total net revenue | 153,277,000 | 146,284,000 | 148,161,000 | 151,730,000 | 142,722,000 | 142,664,000 | 142,817,000 | 146,979,000 | 148,488,000 | 140,351,000 | 133,168,000 | 127,290,000 | 126,233,000 | 124,968,000 | 125,205,000 | 123,275,000 | 125,348,000 | 122,347,000 | 117,090,000 | 129,404,000 | 135,882,000 | 133,086,000 | 134,564,000 | 133,014,000 | 128,282,000 | 121,951,000 | 121,103,000 | 114,907,000 | 107,033,000 | 107,269,000 | 101,581,000 | |
yoy | 7.40% | 2.54% | 3.74% | -2.90% | -3.92% | 1.76% | 15.47% | 17.63% | 12.31% | 6.36% | 3.26% | 0.71% | 2.14% | 6.93% | -4.74% | -7.75% | -8.07% | -12.99% | -2.71% | 5.92% | 9.13% | 11.12% | 15.76% | 19.85% | 13.69% | 19.22% | ||||||
qoq | 4.78% | -1.27% | -2.35% | 6.31% | 0.04% | -0.11% | -1.02% | 5.80% | 5.39% | 4.62% | 0.84% | 1.01% | -0.19% | 1.57% | -1.65% | 2.45% | 4.49% | -9.52% | -4.77% | 2.10% | -1.10% | 1.17% | 3.69% | 5.19% | 0.70% | 5.39% | 7.36% | -0.22% | 5.60% | |||
non-interest expense | ||||||||||||||||||||||||||||||||
salaries and other employee benefits | 46,604,000 | 45,441,000 | 45,528,000 | 43,693,000 | 43,703,000 | 43,855,000 | 42,773,000 | 42,331,000 | 43,765,000 | 41,005,000 | 41,336,000 | 40,083,000 | 40,098,000 | 41,011,000 | 42,162,000 | 38,046,000 | 40,760,000 | 48,306,000 | 40,765,000 | 43,831,000 | 47,156,000 | 44,272,000 | 42,143,000 | 42,425,000 | 39,560,000 | 35,650,000 | 42,405,000 | 37,444,000 | 35,995,000 | 34,177,000 | 42,365,000 | |
technology and communications | 16,043,000 | 16,294,000 | 16,009,000 | 16,604,000 | 16,468,000 | 16,858,000 | 16,127,000 | 13,929,000 | 14,329,000 | 14,295,000 | 14,012,000 | 14,104,000 | 15,748,000 | 16,336,000 | 15,700,000 | 16,059,000 | 16,135,000 | 16,345,000 | 16,261,000 | 16,415,000 | 16,514,000 | 16,320,000 | 14,912,000 | 15,569,000 | 15,054,000 | 14,745,000 | 14,421,000 | 13,240,000 | 12,949,000 | 14,483,000 | 14,373,000 | |
professional and outside services | 4,951,000 | 5,152,000 | 5,444,000 | 5,680,000 | 4,814,000 | 6,687,000 | 5,513,000 | 5,033,000 | 4,317,000 | 4,839,000 | 5,426,000 | 5,058,000 | 5,578,000 | 5,699,000 | 4,915,000 | 5,208,000 | 5,273,000 | 5,202,000 | 4,986,000 | 5,802,000 | 6,680,000 | 9,473,000 | 6,125,000 | 5,092,000 | 5,133,000 | 9,684,000 | 7,950,000 | 6,900,000 | 6,244,000 | 5,366,000 | 4,057,000 | |
property | 8,199,000 | 8,786,000 | 8,721,000 | 8,575,000 | 8,551,000 | 8,232,000 | 8,723,000 | 7,436,000 | 8,028,000 | 7,923,000 | 7,576,000 | 7,915,000 | 7,985,000 | 7,819,000 | 7,649,000 | 7,409,000 | 7,360,000 | 7,543,000 | 7,179,000 | 7,310,000 | 7,012,000 | 6,060,000 | 6,116,000 | 5,281,000 | 5,303,000 | 5,125,000 | 4,491,000 | 5,114,000 | 4,922,000 | 5,545,000 | 5,356,000 | |
indirect taxes | 5,512,000 | 5,849,000 | 6,494,000 | 5,314,000 | 5,467,000 | 5,587,000 | 6,304,000 | 5,747,000 | 5,383,000 | 5,192,000 | 5,468,000 | 5,939,000 | 5,475,000 | 5,375,000 | 5,404,000 | 5,837,000 | 5,135,000 | 5,764,000 | 4,932,000 | 5,492,000 | 5,270,000 | 5,296,000 | 4,737,000 | 4,836,000 | 4,964,000 | 4,948,000 | 4,731,000 | 4,618,000 | 4,196,000 | 4,722,000 | 4,235,000 | |
non-service employee benefits expense | 1,292,000 | 1,291,000 | 1,337,000 | 982,000 | 982,000 | 983,000 | 982,000 | 1,398,000 | 952,000 | 958,000 | 940,000 | 925,000 | 974,000 | 971,000 | 1,029,000 | 914,000 | 652,000 | 509,000 | 741,000 | 738,000 | 1,650,000 | 1,339,000 | 1,600,000 | 1,332,000 | 1,325,000 | 1,313,000 | ||||||
marketing | 1,388,000 | 1,695,000 | 1,775,000 | 2,356,000 | 1,289,000 | 1,583,000 | 1,302,000 | 1,503,000 | 1,810,000 | 1,456,000 | 1,610,000 | 1,481,000 | 1,238,000 | 919,000 | 1,021,000 | 1,383,000 | 1,563,000 | 630,000 | 681,000 | 1,569,000 | 3,135,000 | 1,580,000 | 2,268,000 | 1,470,000 | 1,436,000 | 942,000 | 1,501,000 | 906,000 | 963,000 | 1,718,000 | 871,000 | |
amortization of intangible assets | 1,970,000 | 1,977,000 | 1,897,000 | 2,244,000 | 1,942,000 | 1,889,000 | 1,931,000 | 1,418,000 | 1,394,000 | 1,402,000 | 1,405,000 | 1,479,000 | 1,489,000 | 1,500,000 | 1,515,000 | 1,507,000 | 1,480,000 | 1,468,000 | 1,431,000 | 1,440,000 | 1,454,000 | 1,494,000 | 1,340,000 | 1,358,000 | 1,322,000 | 1,071,000 | ||||||
other expenses | 4,809,000 | 5,266,000 | 6,013,000 | 5,198,000 | 5,550,000 | 5,468,000 | 4,877,000 | 3,228,000 | 4,854,000 | 4,134,000 | 3,924,000 | 3,189,250 | 3,971,000 | 4,261,000 | 3,159,750 | 4,352,000 | ||||||||||||||||
total non-interest expense | 90,768,000 | 91,751,000 | 93,218,000 | 90,646,000 | 88,766,000 | 91,142,000 | 88,532,000 | 84,106,000 | 84,656,000 | 81,991,000 | 82,984,000 | 81,964,000 | 83,799,000 | 84,411,000 | 84,758,000 | 80,922,000 | 83,217,000 | 91,262,000 | 82,001,000 | 88,114,000 | 93,898,000 | 90,411,000 | 83,493,000 | 82,217,000 | 78,231,000 | 77,402,000 | 80,386,000 | 73,630,000 | 71,001,000 | 71,895,000 | 77,324,000 | |
net income before income taxes | 62,509,000 | 54,533,000 | 54,943,000 | 61,084,000 | 53,956,000 | 51,522,000 | 54,285,000 | 62,873,000 | 63,832,000 | 58,360,000 | 50,184,000 | 45,326,000 | 42,434,000 | 40,557,000 | 40,447,000 | 42,353,000 | 42,131,000 | 31,085,000 | 35,089,000 | 41,290,000 | 41,984,000 | 42,675,000 | 51,071,000 | 50,797,000 | 50,051,000 | 44,549,000 | 40,717,000 | 41,277,000 | 36,032,000 | 35,374,000 | 24,257,000 | |
income tax benefit | -1,447,000 | -1,208,000 | -1,179,000 | -1,506,000 | -1,240,000 | -931,000 | -854,000 | -669,000 | -723,000 | -929,000 | -1,055,000 | -975,000 | -779,000 | -774,000 | -832,000 | -738,000 | -68,000 | -542,000 | -755,000 | |||||||||||||
net income | 61,062,000 | 53,325,000 | 53,764,000 | 59,578,000 | 52,716,000 | 50,591,000 | 53,431,000 | 62,204,000 | 63,109,000 | 57,431,000 | 49,129,000 | 44,351,000 | 41,655,000 | 39,783,000 | 39,615,000 | 41,615,000 | 42,063,000 | 30,543,000 | 34,334,000 | 40,277,000 | 43,889,000 | 42,437,000 | 50,906,000 | 50,369,000 | 49,712,000 | 44,197,000 | 40,254,000 | 41,091,000 | 35,857,000 | 35,360,000 | 24,048,000 | |
yoy | 15.83% | 5.40% | 0.62% | -15.25% | -19.84% | -6.96% | 40.25% | 51.50% | 44.36% | 24.02% | 6.57% | -0.97% | 30.25% | 15.38% | 3.32% | -4.16% | -28.03% | -32.55% | -20.04% | -11.71% | -3.98% | 26.46% | 22.58% | 38.64% | 24.99% | 67.39% | ||||||
qoq | 14.51% | -0.82% | -9.76% | 13.02% | 4.20% | -5.32% | -1.43% | 9.89% | 16.90% | 10.77% | 6.47% | 4.71% | 0.42% | -4.81% | -1.07% | 37.72% | -11.04% | -14.76% | -8.23% | 3.42% | -16.64% | 1.07% | 1.32% | 12.48% | 9.80% | -2.04% | 14.60% | 1.41% | 47.04% | |||
net income margin % | 39.84% | 36.45% | 36.29% | 39.27% | 36.94% | 35.46% | 37.41% | NaN% | 42.32% | 42.50% | 40.92% | 36.89% | 34.84% | 33.00% | 31.83% | 31.64% | 33.76% | 33.56% | 24.96% | 29.32% | 31.13% | 32.30% | 31.89% | 37.83% | 37.87% | 38.75% | 36.24% | 33.24% | 35.76% | 33.50% | 32.96% | 23.67% |
earnings per common share | ||||||||||||||||||||||||||||||||
basic earnings per share | 1.5 | 1.28 | 1.26 | 1.36 | 1.18 | 1.11 | 1.15 | 1.25 | 1.28 | 1.16 | 0.99 | 0.9 | 0.84 | 0.8 | 0.8 | 0.84 | 0.84 | 0.61 | 0.68 | 0.77 | 0.83 | 0.8 | 0.93 | 0.91 | 0.9 | 0.8 | 0.73 | 0.75 | 0.67 | -0.25 | 0.41 | |
diluted earnings per share | 1.46 | 1.25 | 1.23 | 1.33 | 1.16 | 1.09 | 1.13 | 1.24 | 1.26 | 1.15 | 0.99 | 0.89 | 0.84 | 0.8 | 0.79 | 0.83 | 0.84 | 0.61 | 0.67 | 0.77 | 0.82 | 0.79 | 0.92 | 0.9 | 0.89 | 0.79 | 0.72 | 0.74 | 0.65 | -0.24 | 0.41 | |
securities sold under agreement to repurchase | 244,250 | 888,000 | 35,000 | 54,000 | 4,000 | |||||||||||||||||||||||||||
net gains on equity securities | 50,000 | -14,000 | 42,000 | 42,000 | -56,000 | 156,000 | -71,000 | 519,000 | 200,000 | 592,000 | ||||||||||||||||||||||
net realized gains on available-for-sale investments | -239,000 | 104,000 | 1,116,000 | 115,000 | 537,000 | -252,000 | 458,000 | 44,000 | 850,000 | |||||||||||||||||||||||
net interest income before benefit from credit losses | 97,355,000 | 94,595,000 | 91,153,000 | 81,969,000 | 75,867,000 | 74,517,000 | 75,681,000 | 74,701,000 | 74,908,000 | 75,580,000 | 75,313,000 | 79,115,000 | 87,591,000 | 86,240,000 | 86,328,000 | |||||||||||||||||
benefit from credit (losses) recoveries | -671,000 | |||||||||||||||||||||||||||||||
net interest income after benefit from credit losses | 96,684,000 | 92,982,000 | 90,360,000 | 81,279,000 | 76,567,000 | 75,124,000 | 75,677,000 | 75,679,000 | 76,455,000 | 77,980,000 | 73,958,000 | 74,756,000 | 82,414,000 | 85,872,000 | 85,917,000 | |||||||||||||||||
other incomes | 5,311,000 | 4,678,000 | 4,921,000 | 5,211,000 | 4,980,000 | 5,214,000 | 4,781,000 | 5,363,000 | 4,559,000 | 4,859,000 | 5,495,000 | 5,025,000 | 5,517,000 | 5,027,000 | 4,577,000 | |||||||||||||||||
deposits with banks and other | 17,976,000 | 9,969,000 | 4,219,000 | 1,037,000 | 281,000 | 359,000 | 232,000 | 572,000 | ||||||||||||||||||||||||
benefit from credit recoveries | -195,750 | -793,000 | -690,000 | 700,000 | 607,000 | 978,000 | 1,547,000 | 2,400,000 | -1,355,000 | -4,359,000 | -368,000 | |||||||||||||||||||||
deposits with banks | 2,874,750 | 1,003,000 | 1,069,000 | 9,427,000 | 10,916,000 | 12,532,000 | 6,082,000 | 5,788,000 | 7,947,000 | 5,013,000 | 4,655,000 | 4,583,000 | 3,479,000 | 3,568,000 | 2,602,000 | |||||||||||||||||
securities sold under agreement to resell | ||||||||||||||||||||||||||||||||
net trading gains | 177,500 | 54,000 | 31,000 | 161,000 | 34,000 | 124,000 | 102,000 | 157,000 | -125,000 | 71,000 | ||||||||||||||||||||||
income tax expense | -178,250 | -209,000 | ||||||||||||||||||||||||||||||
securities sold under repurchase agreements | 15,000 | 9,000 | 9,000 | 6,000 | ||||||||||||||||||||||||||||
provision for credit losses | 1,319,250 | 2,811,000 | 524,000 | 1,942,000 | 121,750 | 661,000 | -1,317,750 | -307,000 | ||||||||||||||||||||||||
restructuring costs | 310,000 | 388,000 | 441,000 | 543,000 | 564,000 | |||||||||||||||||||||||||||
dividend per share | 0.285 | 0.38 | 0.38 | 0.38 | 0.32 | 0.32 | 0.32 | |||||||||||||||||||||||||
trading | 167,000 | |||||||||||||||||||||||||||||||
net realised gains on available-for-sale investments | 1,061,500 | 2,468,000 | 69,000 | |||||||||||||||||||||||||||||
amortisation of intangible assets | 788,750 | 1,049,000 | 1,030,000 | 1,028,000 | 1,151,000 | |||||||||||||||||||||||||||
cash dividends declared on preference shares | -2,732,750 | -3,657,000 | ||||||||||||||||||||||||||||||
preference shares guarantee fee | -342,750 | -462,000 | ||||||||||||||||||||||||||||||
net income attributable to common shareholders | 40,254,000 | 41,091,000 | 35,857,000 | -9,906,000 | 19,929,000 | |||||||||||||||||||||||||||
provision for credit recovery | 339,000 | |||||||||||||||||||||||||||||||
net interest income before provision for credit recovery | 47,917,500 | 64,998,000 | ||||||||||||||||||||||||||||||
net interest income after provision for credit recovery | 46,599,750 | 64,691,000 | ||||||||||||||||||||||||||||||
net realised losses on available-for-sale investments | -20,250 | -3,000 | ||||||||||||||||||||||||||||||
premium paid on repurchase of preference shares |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2017-02-13 | 2016-12-31 | 2016-10-25 | 2016-02-13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||
cash and demand deposits with banks - non-interest bearing | 105,686,000 | 90,563,000 | 93,145,000 | 103,843,000 | 96,599,000 | 90,231,000 | 91,826,000 | 97,646,000 | 101,010,000 | 100,657,000 | 114,034,000 | 203,784,000 | 105,883,000 | 124,768,000 | 93,952,000 | 113,354,000 | 116,241,000 | 398,568,000 | 89,416,000 | 86,107,000 | 97,629,000 | 90,520,000 | 85,051,000 | 110,741,000 | |||||||||||||||
demand deposits with banks - interest bearing | 162,214,000 | 159,667,000 | 165,741,000 | 270,733,000 | 196,785,000 | 151,609,000 | 151,104,000 | 222,043,000 | 307,887,000 | 422,919,000 | 548,248,000 | 449,984,000 | 688,418,000 | 537,522,000 | 534,252,000 | 599,217,000 | 824,451,000 | 1,109,284,000 | 363,301,000 | 344,486,000 | 467,895,000 | 304,322,000 | 247,768,000 | 326,437,000 | |||||||||||||||
cash equivalents - interest bearing | 1,233,468,000 | 1,847,114,000 | 1,739,226,000 | 1,692,613,000 | 2,096,422,000 | 1,504,381,000 | 1,403,718,000 | 1,025,111,000 | 1,075,922,000 | 815,927,000 | 1,440,580,000 | 1,655,734,000 | 1,971,869,000 | 1,919,897,000 | 1,532,699,000 | 1,515,332,000 | 1,037,534,000 | 2,097,196,000 | 806,381,000 | 1,325,312,000 | 1,280,104,000 | 1,150,680,000 | 1,534,490,000 | 1,664,473,000 | |||||||||||||||
cash and cash equivalents | 1,501,368,000 | 1,450,100,000 | 2,097,344,000 | 1,998,112,000 | 2,067,189,000 | 2,389,806,000 | 1,746,221,000 | 1,646,648,000 | 1,750,000,000 | 1,794,900,000 | 1,344,800,000 | 2,100,800,000 | |||||||||||||||||||||||||||
securities purchased under agreements to resell | 1,155,950,000 | 735,843,000 | 1,205,373,000 | 1,142,798,000 | 656,776,000 | 134,928,000 | 187,274,000 | 154,000,000 | 171,330,000 | 348,945,000 | 264,701,000 | 169,524,000 | 157,204,000 | 175,341,000 | 326,877,000 | 358,307,000 | 192,296,000 | 142,000,000 | |||||||||||||||||||||
short-term investments | 830,761,000 | 1,111,900,000 | 762,241,000 | 580,026,000 | 606,748,000 | 632,176,000 | 1,344,747,000 | 1,038,037,000 | 739,000,000 | 669,700,000 | 1,091,752,000 | 884,500,000 | 646,464,000 | 1,251,583,000 | 1,601,321,000 | 1,198,900,000 | 1,276,562,000 | 1,493,505,000 | 1,060,814,000 | 823,000,000 | 806,607,000 | 778,384,000 | 1,047,628,000 | 1,218,000,000 | 793,348,000 | 163,000,000 | 215,000,000 | 52,000,000 | 75,910,000 | 78,580,000 | 100,175,000 | 250,000,000 | 208,177,000 | 294,000,000 | 542,163,000 | 520,000,000 | 519,755,000 | 995,000,000 | 520,000,000 |
investment in securities | 5,458,300,000 | 5,546,400,000 | 5,727,200,000 | 6,237,300,000 | 4,862,800,000 | ||||||||||||||||||||||||||||||||||
available-for-sale at fair value | 2,619,749,000 | 2,263,206,000 | 2,272,486,000 | 2,166,839,000 | 1,836,029,000 | 1,766,631,000 | 1,831,129,000 | 1,991,333,000 | 1,991,568,000 | 2,096,511,000 | 2,570,698,000 | 3,227,944,000 | 2,947,916,000 | 2,942,652,000 | 2,369,713,000 | 2,334,903,000 | 2,399,811,000 | ||||||||||||||||||||||
held-to-maturity | 3,055,181,000 | 3,184,912,000 | 3,240,290,000 | 3,300,945,000 | 3,332,420,000 | 3,401,472,000 | 3,461,097,000 | 3,673,973,000 | 3,813,608,000 | 3,872,834,000 | 3,539,956,000 | 2,755,527,000 | 2,657,355,000 | 2,475,946,000 | 2,347,341,000 | 2,011,458,000 | 2,131,084,000 | 2,298,820,000 | 2,113,728,000 | 1,858,058,000 | 1,649,784,000 | 1,278,152,000 | 1,235,965,000 | 1,061,103,000 | |||||||||||||||
total investment in securities | 5,674,930,000 | 5,448,118,000 | 5,512,776,000 | 5,467,784,000 | 5,168,449,000 | 5,168,103,000 | 5,292,226,000 | 5,665,306,000 | 5,805,426,000 | 5,969,553,000 | 6,110,821,000 | 5,983,693,000 | 5,605,493,000 | 5,425,844,000 | 4,724,613,000 | 4,353,720,000 | 4,537,661,000 | 4,662,351,000 | 4,576,394,000 | 4,726,723,000 | 4,511,916,000 | 4,612,787,000 | 4,548,646,000 | 4,400,154,000 | |||||||||||||||
loans | 4,493,314,000 | 4,543,647,000 | 4,499,300,000 | 4,673,598,000 | 4,610,687,000 | 4,668,892,000 | 4,771,608,000 | 5,046,988,000 | 5,017,172,000 | 5,163,999,000 | 5,094,472,000 | 5,232,463,000 | 5,250,622,000 | 5,180,390,000 | 5,076,383,000 | 5,058,066,000 | 5,037,185,000 | 4,697,212,000 | 4,119,908,000 | 4,017,196,000 | 3,989,703,000 | 3,706,091,000 | 3,615,945,000 | 3,614,725,000 | |||||||||||||||
allowance for credit losses | -25,669,000 | -25,264,000 | -25,709,000 | -25,791,000 | -25,219,000 | -24,780,000 | -25,759,000 | -25,364,000 | -25,063,000 | -24,978,000 | -26,636,000 | -28,675,000 | -29,497,000 | -31,612,000 | -41,046,000 | -40,192,000 | |||||||||||||||||||||||
loans, net of allowance for credit losses | 4,467,645,000 | 4,577,500,000 | 4,518,383,000 | 4,473,591,000 | 4,647,807,000 | 4,585,468,000 | 4,644,112,000 | 4,745,849,000 | 4,750,000,000 | 5,003,500,000 | 5,021,624,000 | 5,096,400,000 | 4,992,109,000 | 5,139,021,000 | 5,067,836,000 | 5,240,700,000 | 5,203,788,000 | 5,221,125,000 | 5,148,778,000 | 5,160,800,000 | 5,035,337,000 | 5,017,874,000 | 5,000,968,000 | 5,143,000,000 | 4,673,306,000 | 4,000,000,000 | 3,986,000,000 | 4,044,000,000 | 4,091,643,000 | 3,985,718,000 | 3,956,906,000 | 3,777,000,000 | 3,664,101,000 | 3,588,000,000 | 3,572,789,000 | 3,570,000,000 | 3,570,478,000 | 3,836,000,000 | 3,570,000,000 |
premises, equipment and computer software | 158,548,000 | 159,200,000 | 156,416,000 | 153,782,000 | 151,755,000 | 149,637,000 | 150,285,000 | 154,362,000 | 154,000,000 | 152,900,000 | 149,120,000 | 146,100,000 | 138,700,000 | 150,800,000 | 155,000,000 | 155,000,000 | 158,000,000 | 157,103,000 | 159,491,000 | 162,719,000 | 165,000,000 | 164,342,000 | 165,000,000 | 166,161,000 | 168,000,000 | 167,773,000 | 171,000,000 | 168,000,000 | |||||||||||
goodwill | 25,349,000 | 25,800,000 | 24,326,000 | 23,617,000 | 25,197,000 | 23,852,000 | 23,827,000 | 24,107,000 | 23,900,000 | 23,362,000 | 22,900,000 | 21,261,000 | 23,015,000 | 24,674,000 | 25,400,000 | 25,235,000 | 25,803,000 | 25,755,000 | 25,600,000 | 24,269,000 | 23,357,000 | 23,402,000 | 23,197,000 | 24,474,000 | 25,204,000 | 22,348,000 | 21,353,000 | 19,967,000 | 19,622,000 | ||||||||||
other intangible assets | 63,499,000 | 65,343,000 | 65,992,000 | 71,506,000 | 70,569,000 | 72,477,000 | 74,800,000 | 50,694,000 | 50,593,000 | 54,457,000 | 58,265,000 | 62,025,000 | 64,391,000 | 65,785,000 | 66,417,000 | 66,309,000 | 67,796,000 | ||||||||||||||||||||||
equity method investments | 6,724,000 | 6,700,000 | 6,644,000 | 6,594,000 | 6,566,000 | 6,513,000 | 6,434,000 | 7,063,000 | 7,300,000 | 12,837,000 | 12,500,000 | 12,257,000 | 12,313,000 | 12,364,000 | 12,600,000 | 12,690,000 | 12,701,000 | 12,951,000 | 12,900,000 | 13,042,000 | 13,075,000 | 14,736,000 | 14,479,000 | 14,332,000 | 14,100,000 | 14,322,000 | 13,789,000 | 13,482,000 | |||||||||||
accrued interest and other assets | 201,581,000 | 194,600,000 | 205,131,000 | 211,533,000 | 185,528,000 | 255,788,000 | 236,413,000 | 203,204,000 | 244,000,000 | 200,000,000 | 200,678,000 | 203,500,000 | 192,742,000 | 153,519,000 | 146,839,000 | 150,897,000 | 172,790,000 | 156,974,000 | 141,368,000 | 148,351,000 | 174,553,000 | ||||||||||||||||||
total assets | 14,086,355,000 | 14,185,000,000 | 14,019,789,000 | 14,231,396,000 | 14,372,953,000 | 13,939,109,000 | 13,528,072,000 | 13,374,020,000 | 13,180,000,000 | 13,509,500,000 | 13,732,698,000 | 14,306,100,000 | 13,699,337,000 | 14,349,934,000 | 15,266,016,000 | 15,335,200,000 | 15,332,166,000 | 15,664,829,000 | 14,804,779,000 | 14,738,600,000 | 13,460,745,000 | 13,150,702,000 | 13,197,387,000 | 13,922,000,000 | 14,216,295,000 | 11,229,000,000 | 11,643,000,000 | 10,773,000,000 | 10,429,663,000 | 11,002,375,000 | 10,988,235,000 | 10,779,000,000 | 10,578,382,000 | 10,679,000,000 | 10,943,560,000 | 11,104,000,000 | 11,103,545,000 | 10,978,000,000 | 11,104,000,000 |
liabilities | |||||||||||||||||||||||||||||||||||||||
deposits | |||||||||||||||||||||||||||||||||||||||
non-interest bearing | 2,581,924,000 | 2,569,960,000 | 2,687,877,000 | 2,420,249,000 | 2,523,523,000 | 2,560,430,000 | 2,656,659,000 | 2,986,254,000 | 2,963,681,000 | 3,062,450,000 | 2,989,180,000 | 2,955,760,000 | 3,005,932,000 | 2,807,942,000 | 2,610,225,000 | 2,174,698,000 | 2,136,503,000 | 1,375,352,000 | 1,498,308,000 | 1,558,481,000 | 1,577,068,000 | 1,752,084,000 | 1,649,708,000 | 1,733,684,000 | |||||||||||||||
interest bearing | 10,139,043,000 | 10,037,613,000 | 10,058,032,000 | 10,317,426,000 | 10,024,642,000 | 9,570,421,000 | 9,330,049,000 | 9,361,863,000 | 9,497,690,000 | 10,012,525,000 | 10,943,678,000 | 10,905,394,000 | 11,187,101,000 | 10,553,414,000 | 9,280,893,000 | 9,440,917,000 | 9,616,344,000 | 2,786,086,000 | 3,374,450,000 | 4,007,931,000 | 3,662,057,000 | 3,390,642,000 | 3,871,852,000 | 4,213,417,000 | |||||||||||||||
total deposits | 12,720,967,000 | 12,837,800,000 | 12,607,573,000 | 12,745,909,000 | 12,737,675,000 | 12,548,165,000 | 12,130,851,000 | 11,986,708,000 | 11,861,000,000 | 12,192,100,000 | 12,348,117,000 | 12,991,100,000 | 12,461,371,000 | 13,074,975,000 | 13,932,858,000 | 13,870,200,000 | 13,861,154,000 | 14,193,033,000 | 13,361,356,000 | 11,891,118,000 | 11,615,615,000 | 11,752,847,000 | 12,442,000,000 | 12,662,545,000 | 9,852,000,000 | 10,294,000,000 | 9,452,000,000 | 9,066,004,000 | 9,717,877,000 | 9,753,875,000 | 9,536,000,000 | 9,407,461,000 | 9,479,000,000 | 9,849,427,000 | 10,034,000,000 | 10,033,649,000 | 9,667,000,000 | 10,034,000,000 | |
securities sold under agreements to repurchase | 92,562,000 | ||||||||||||||||||||||||||||||||||||||
employee benefit plans | 84,876,000 | 84,200,000 | 83,984,000 | 83,589,000 | 89,513,000 | 89,373,000 | 88,937,000 | 88,694,000 | 92,600,000 | 92,208,000 | 92,000,000 | 123,778,000 | 123,927,000 | 124,146,000 | 126,200,000 | 129,439,000 | 129,943,000 | 130,517,000 | 131,300,000 | 109,817,000 | 110,366,000 | 110,215,000 | 117,652,000 | 128,703,000 | 128,561,000 | 128,684,000 | 140,436,000 | 139,555,000 | 139,967,000 | ||||||||||
accrued interest and other liabilities | 174,556,000 | 193,900,000 | 171,638,000 | 189,799,000 | 283,912,000 | 203,849,000 | 214,623,000 | 196,531,000 | 297,000,000 | 176,300,000 | 183,079,000 | 185,900,000 | 187,146,000 | 176,510,000 | 195,234,000 | 195,914,000 | 203,565,000 | 204,874,000 | 274,542,000 | 192,931,000 | 210,272,000 | ||||||||||||||||||
total other liabilities | 259,432,000 | 255,622,000 | 365,950,000 | 472,458,000 | 293,222,000 | 303,560,000 | 285,225,000 | 275,287,000 | 310,924,000 | 300,437,000 | 319,380,000 | 325,353,000 | 333,508,000 | 335,391,000 | 384,359,000 | 303,297,000 | 320,487,000 | 445,740,000 | 348,726,000 | 292,627,000 | 293,133,000 | 251,506,000 | 236,132,000 | 242,154,000 | |||||||||||||||
long-term debt | 98,784,000 | 98,725,000 | 98,666,000 | 98,608,000 | 98,549,000 | 98,490,000 | 98,000,000 | 98,400,000 | 172,393,000 | 172,300,000 | 172,186,000 | 172,083,000 | 171,979,000 | 171,900,000 | 171,773,000 | 171,669,000 | 171,566,000 | 171,500,000 | 196,359,000 | 241,474,000 | 143,545,000 | 144,000,000 | 143,456,000 | 143,000,000 | 143,000,000 | 143,000,000 | 143,277,000 | 143,233,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 | ||
total liabilities | 12,980,399,000 | 13,115,900,000 | 12,961,979,000 | 13,210,584,000 | 13,308,799,000 | 12,939,995,000 | 12,532,960,000 | 12,370,423,000 | 12,257,000,000 | 12,559,300,000 | 12,795,797,000 | 13,441,200,000 | 12,944,481,000 | 13,547,495,000 | 14,424,217,000 | 14,357,700,000 | 14,358,280,000 | 14,698,210,000 | 13,868,313,000 | 13,756,700,000 | 12,471,835,000 | 12,160,386,000 | 12,216,879,000 | 12,958,000,000 | 13,251,741,000 | 10,300,000,000 | 10,747,000,000 | 9,891,000,000 | 9,558,007,000 | 10,153,737,000 | 10,164,008,000 | 9,956,000,000 | 9,775,967,000 | 9,909,000,000 | 10,202,559,000 | 10,393,000,000 | 10,392,803,000 | 10,013,000,000 | 10,393,000,000 |
commitments, contingencies and guarantees | |||||||||||||||||||||||||||||||||||||||
shareholders' equity | |||||||||||||||||||||||||||||||||||||||
common share capital | 412,000 | 428,000 | 435,000 | 448,000 | 458,000 | 468,000 | 475,000 | 504,000 | 503,000 | 502,000 | 502,000 | 501,000 | 502,000 | 503,000 | 501,000 | 508,000 | 520,000 | 538,000 | 553,000 | 552,000 | 551,000 | 547,000 | 543,000 | 533,000 | |||||||||||||||
additional paid-in capital | 872,667,000 | 898,729,000 | 916,394,000 | 937,813,000 | 953,254,000 | 969,670,000 | 988,904,000 | 1,035,074,000 | 1,027,465,000 | 1,023,097,000 | 1,018,876,000 | 1,018,231,000 | 1,016,327,000 | 1,014,877,000 | 1,012,902,000 | 1,019,859,000 | 1,043,512,000 | 1,106,551,000 | 1,168,174,000 | 1,163,673,000 | 1,160,441,000 | 1,152,456,000 | 1,147,981,000 | 1,142,608,000 | |||||||||||||||
retained earnings | 480,586,000 | 454,500,000 | 439,599,000 | 422,461,000 | 402,370,000 | 383,500,000 | 364,921,000 | 342,520,000 | 300,400,000 | 267,169,000 | 229,700,000 | 188,472,000 | 152,880,000 | 125,573,000 | 104,300,000 | 86,652,000 | 69,833,000 | 53,046,000 | 14,628,000 | 12,250,000 | 258,000 | ||||||||||||||||||
less: treasury common shares, at cost: 619,212 | -27,115,000 | -23,511,000 | -23,063,000 | -22,487,000 | -20,552,000 | -18,660,000 | -18,104,000 | -20,511,000 | -20,600,000 | -20,600,000 | -20,600,000 | -18,634,000 | -18,159,000 | -17,038,000 | -15,352,000 | -14,517,000 | |||||||||||||||||||||||
accumulated other comprehensive income | -220,594,000 | -241,500,000 | -257,435,000 | -295,415,000 | -253,990,000 | -317,546,000 | -321,287,000 | -310,198,000 | -357,800,000 | -345,335,000 | -377,500,000 | -440,984,000 | -353,440,000 | -282,552,000 | -112,864,000 | -101,884,000 | -114,922,000 | ||||||||||||||||||||||
total shareholders’ equity | 1,105,956,000 | 1,057,810,000 | 1,020,812,000 | 1,064,154,000 | 999,114,000 | 995,112,000 | 1,003,597,000 | 936,901,000 | 754,856,000 | 802,439,000 | 841,799,000 | 973,886,000 | 966,619,000 | 936,466,000 | 988,910,000 | 990,316,000 | 980,508,000 | 964,554,000 | 871,656,000 | 848,638,000 | 824,227,000 | 802,415,000 | 741,001,000 | 710,742,000 | 965,000,000 | ||||||||||||||
total liabilities and shareholders’ equity | 14,086,355,000 | 14,019,789,000 | 14,231,396,000 | 14,372,953,000 | 13,939,109,000 | 13,528,072,000 | 13,374,020,000 | 13,732,698,000 | 13,699,337,000 | 14,349,934,000 | 15,266,016,000 | 15,332,166,000 | 15,664,829,000 | 14,804,779,000 | 13,460,745,000 | 13,150,702,000 | 13,197,387,000 | 14,216,295,000 | 10,429,663,000 | 11,002,375,000 | 10,988,235,000 | 10,578,382,000 | 10,943,560,000 | 11,103,545,000 | 10,978,000,000 | ||||||||||||||
securities purchased under agreement to resell | 1,134,600,000 | 59,700,000 | 59,900,000 | 96,100,000 | 197,000,000 | 61,921,000 | 166,000,000 | 72,000,000 | 27,000,000 | 71,693,000 | 88,790,000 | 197,872,000 | 179,000,000 | 209,595,000 | 184,000,000 | 62,669,000 | 149,000,000 | 148,813,000 | 186,000,000 | 149,000,000 | |||||||||||||||||||
intangible assets | 66,300,000 | 50,100,000 | 51,500,000 | 60,800,000 | 67,200,000 | 70,192,000 | 52,412,000 | 52,118,000 | 68,516,000 | 40,037,000 | 41,447,000 | 42,289,000 | |||||||||||||||||||||||||||
securities sold under agreement to repurchase | 99,033,000 | ||||||||||||||||||||||||||||||||||||||
paid-in share capital | 881,600,000 | 1,025,300,000 | 1,033,100,000 | 1,018,100,000 | 1,013,800,000 | ||||||||||||||||||||||||||||||||||
of which: amount eligible for cet1 | 881,600,000 | 1,025,300,000 | 1,033,100,000 | 1,018,100,000 | 1,013,800,000 | ||||||||||||||||||||||||||||||||||
treasury common shares | -25,500,000 | -17,700,000 | -20,600,000 | -20,100,000 | -16,100,000 | ||||||||||||||||||||||||||||||||||
total shareholders' equity | 1,069,100,000 | 923,000,000 | 950,300,000 | 864,800,000 | 977,500,000 | 981,900,000 | 964,000,000 | 929,000,000 | 896,000,000 | 882,000,000 | 823,000,000 | 770,000,000 | 711,000,000 | 711,000,000 | |||||||||||||||||||||||||
total liabilities and shareholders' equity | 14,185,000,000 | 13,180,000,000 | 13,509,500,000 | 14,306,100,000 | 15,335,200,000 | 14,738,600,000 | 13,922,000,000 | 11,229,000,000 | 11,643,000,000 | 10,773,000,000 | 10,779,000,000 | 10,679,000,000 | 11,104,000,000 | 11,104,000,000 | |||||||||||||||||||||||||
other real estate owned | 75,000 | 75,000 | 525,000 | 450,000 | 1,200,000 | 1,195,000 | 800,000 | 1,080,000 | 747,000 | 306,000 | 700,000 | 691,000 | 4,380,000 | 4,052,000 | 4,100,000 | 4,227,000 | 4,227,000 | 4,227,000 | 3,908,000 | 4,737,000 | 4,962,000 | 8,787,000 | 12,272,000 | 14,088,000 | 14,199,000 | ||||||||||||||
equity securities at fair value | 250,000 | 208,000 | 167,000 | 222,000 | 222,000 | 7,246,000 | 7,559,000 | 7,359,000 | 6,766,000 | ||||||||||||||||||||||||||||||
investments in securities | 5,319,000,000 | 4,436,000,000 | 4,524,000,000 | 4,393,000,000 | 4,255,000,000 | 4,706,000,000 | 4,558,000,000 | 4,400,000,000 | 4,114,000,000 | 4,400,000,000 | |||||||||||||||||||||||||||||
goodwill and intangibles | 71,000,000 | 97,000,000 | 72,000,000 | 74,000,000 | 75,000,000 | 61,000,000 | 62,000,000 | 62,000,000 | 65,000,000 | 62,000,000 | |||||||||||||||||||||||||||||
common shareholders’ equity | 923,000,000 | 964,000,000 | 929,000,000 | 896,000,000 | 882,000,000 | 823,000,000 | 770,000,000 | 711,000,000 | 711,000,000 | ||||||||||||||||||||||||||||||
key balance sheet ratios: | 30,000,000 | 31,000,000 | 31,000,000 | ||||||||||||||||||||||||||||||||||||
common equity tier 1 capital ratio2 | 23,400,000 | ||||||||||||||||||||||||||||||||||||||
tier 1 capital ratio2 | 23,400,000 | ||||||||||||||||||||||||||||||||||||||
total capital ratio2 | 25,800,000 | ||||||||||||||||||||||||||||||||||||||
leverage ratio2 | 7,800,000 | ||||||||||||||||||||||||||||||||||||||
risk-weighted assets | 4,522,000,000 | 4,898,000,000 | 4,233,300,000 | 4,341,500,000 | 4,321,400,000 | 4,254,200,000 | 4,200,200,000 | 4,365,400,000 | 4,365,400,000 | ||||||||||||||||||||||||||||||
risk-weighted assets / total assets | 34,300,000 | 35,200,000 | 37,700,000 | 37,300,000 | 40,100,000 | 39,500,000 | 39,300,000 | 39,900,000 | 39,900,000 | ||||||||||||||||||||||||||||||
tangible common equity ratio | 6,500,000 | 6,300,000 | 7,700,000 | 7,100,000 | 7,500,000 | 7,100,000 | 6,700,000 | 5,900,000 | 5,900,000 | ||||||||||||||||||||||||||||||
book value per common share | 19,200,000 | ||||||||||||||||||||||||||||||||||||||
tangible book value per share | 17,730,000 | ||||||||||||||||||||||||||||||||||||||
non-accrual loans/gross loans | 1,200,000 | 1,000,000 | 1,400,000 | 1,300,000 | 1,200,000 | 1,200,000 | 1,500,000 | 1,300,000 | 1,300,000 | ||||||||||||||||||||||||||||||
non-performing assets/total assets | 800,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 600,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||
allowance for credit losses/total loans | 500,000 | ||||||||||||||||||||||||||||||||||||||
cash due from banks | 1,484,819,000 | 1,339,503,000 | 2,102,862,000 | 2,179,800,000 | 2,309,502,000 | 2,766,170,000 | 2,582,187,000 | 3,289,600,000 | 2,160,903,000 | 2,227,903,000 | 1,978,226,000 | 2,550,000,000 | 3,605,048,000 | 2,011,000,000 | 2,601,000,000 | 2,054,000,000 | 1,259,098,000 | 1,755,905,000 | 1,845,628,000 | 1,535,000,000 | 1,545,522,000 | 1,720,000,000 | 1,867,309,000 | 2,102,000,000 | 2,101,651,000 | 1,485,000,000 | 2,102,000,000 | ||||||||||||
premises, equipment and computer software, net of accumulated depreciation | 143,641,000 | 141,522,000 | 140,728,000 | 137,559,000 | 141,267,000 | 146,298,000 | 157,085,000 | 159,195,000 | 155,894,000 | 158,000,000 | 157,488,000 | ||||||||||||||||||||||||||||
other assets | 144,300,000 | 144,800,000 | 177,000,000 | 128,843,000 | 137,000,000 | 146,000,000 | 108,000,000 | 74,640,000 | 82,982,000 | 70,419,000 | 107,000,000 | 60,839,000 | 109,000,000 | 71,746,000 | 133,000,000 | 82,549,000 | 126,000,000 | 133,000,000 | |||||||||||||||||||||
other liabilities | 189,400,000 | 203,900,000 | 373,000,000 | 317,855,000 | 305,000,000 | 310,000,000 | 295,000,000 | 156,384,000 | 161,647,000 | 160,936,000 | 303,000,000 | 108,242,000 | 313,000,000 | 93,527,000 | 242,000,000 | 100,044,000 | 229,000,000 | 242,000,000 | |||||||||||||||||||||
accumulated other comprehensive loss | -124,900,000 | -49,700,000 | -23,769,000 | -27,784,000 | |||||||||||||||||||||||||||||||||||
accrued interest | 22,214,000 | 27,227,000 | 27,802,000 | 28,627,000 | 25,629,000 | 22,786,000 | 22,780,000 | ||||||||||||||||||||||||||||||||
customer deposits | 13,250,100,000 | ||||||||||||||||||||||||||||||||||||||
bank deposits | |||||||||||||||||||||||||||||||||||||||
accumulated deficit | 33,900,000 | ||||||||||||||||||||||||||||||||||||||
common equity tier 1 capital ratio | 17,300,000 | 20,100,000 | 19,300,000 | 19,600,000 | 18,200,000 | 17,000,000 | 15,300,000 | 15,300,000 | |||||||||||||||||||||||||||||||
tier 1 capital ratio | 17,300,000 | 20,100,000 | 19,300,000 | 19,600,000 | 18,200,000 | 17,000,000 | 15,300,000 | 15,300,000 | |||||||||||||||||||||||||||||||
total capital ratio | 19,400,000 | 22,700,000 | 22,000,000 | 22,400,000 | 19,900,000 | 19,100,000 | 17,600,000 | 17,600,000 | |||||||||||||||||||||||||||||||
leverage ratio | 5,900,000 | 7,300,000 | 7,000,000 | 7,600,000 | 6,900,000 | 6,400,000 | 5,800,000 | 5,800,000 | |||||||||||||||||||||||||||||||
total coverage ratio | 46,800,000 | 43,100,000 | 46,500,000 | 51,600,000 | 80,900,000 | 80,200,000 | 91,300,000 | 91,300,000 | |||||||||||||||||||||||||||||||
specific coverage ratio | 35,100,000 | 30,000,000 | 29,600,000 | 30,600,000 | 31,100,000 | 20,900,000 | 24,200,000 | 24,200,000 | |||||||||||||||||||||||||||||||
trading | 7,206,000 | 6,947,000 | 6,786,000 | 6,752,000 | 6,700,000 | 6,470,000 | 6,313,000 | ||||||||||||||||||||||||||||||||
available-for-sale | 2,356,325,000 | 2,455,719,000 | 2,861,879,000 | 2,855,380,000 | 3,327,935,000 | 3,306,211,000 | 3,332,738,000 | ||||||||||||||||||||||||||||||||
bermuda | 6,201,000 | 5,915,000 | 9,947,000 | 7,087,000 | 366,000 | 142,000 | 344,000 | ||||||||||||||||||||||||||||||||
non-bermuda | 28,809,000 | 14,720,000 | 14,438,000 | 10,773,000 | 12,451,000 | 9,870,000 | 23,452,000 | ||||||||||||||||||||||||||||||||
total customer deposits | 12,627,535,000 | 9,045,369,000 | 9,693,492,000 | 9,736,015,000 | 9,394,644,000 | 9,839,415,000 | 10,009,853,000 | ||||||||||||||||||||||||||||||||
pending payable for investments purchased | 58,575,000 | ||||||||||||||||||||||||||||||||||||||
investments in associates and equity method | 13,728,000 | ||||||||||||||||||||||||||||||||||||||
less: treasury common shares, at cost: nil | |||||||||||||||||||||||||||||||||||||||
less: treasury common shares, at cost: 58 | |||||||||||||||||||||||||||||||||||||||
preference shareholders' equity | |||||||||||||||||||||||||||||||||||||||
tangible total equity ratio | 5,900,000 | 5,900,000 | |||||||||||||||||||||||||||||||||||||
preference share dividends payable | |||||||||||||||||||||||||||||||||||||||
preference share capital | |||||||||||||||||||||||||||||||||||||||
less: treasury common shares, at cost: 2,066 | |||||||||||||||||||||||||||||||||||||||
preference shareholders’ equity | 183,000,000 | ||||||||||||||||||||||||||||||||||||||
common and preference shareholders’ equity | 782,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2021-06-30 | 2021-03-31 | 2020-06-30 | 2020-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-03-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||
net income | 61,062,000 | 53,325,000 | 53,764,000 | 59,578,000 | 52,716,000 | 50,591,000 | 53,431,000 | 62,204,000 | 63,109,000 | 57,431,000 | 39,615,000 | 41,615,000 | 34,334,000 | 40,277,000 | 50,906,000 | 50,369,000 | 49,712,000 | 44,197,000 | 40,254,000 | 35,857,000 | 35,360,000 |
adjustments to reconcile net income to operating cash flows | |||||||||||||||||||||
depreciation, accretion and amortization | 9,238,000 | 7,625,000 | 12,569,000 | 8,206,000 | 13,986,000 | ||||||||||||||||
provision for credit losses | 564,000 | 209,000 | -379,000 | 272,000 | 1,316,000 | 483,000 | -409,000 | ||||||||||||||
share-based payments and settlements | 5,622,000 | 5,879,000 | 5,381,000 | 5,013,000 | 5,238,000 | 5,933,000 | 4,818,000 | 4,496,000 | 5,167,000 | 4,369,000 | 3,830,000 | 3,395,000 | 3,277,000 | 4,077,000 | 3,106,000 | 3,282,000 | 3,009,000 | 3,185,000 | 2,885,000 | 1,759,000 | 628,000 |
net losses on other real estate owned | 18,000 | 0 | -80,000 | 12,000 | -9,000 | -79,000 | 339,000 | ||||||||||||||
decrease in carrying value of equity method investments | -50,000 | -60,000 | -80,000 | -53,000 | -88,000 | -109,000 | 584,000 | ||||||||||||||
dividends received from equity method investments | 0 | 30,000 | 30,000 | 25,000 | 35,000 | 30,000 | 45,000 | 45,000 | 50,000 | 40,000 | 331,000 | 40,000 | 1,810,000 | 45,000 | 508,000 | 0 | 1,000 | 47,000 | |||
changes in operating assets and liabilities | |||||||||||||||||||||
decrease in accrued interest receivable and other assets | -8,116,000 | 17,538,000 | 19,360,000 | -31,657,000 | 29,026,000 | 12,726,000 | -20,106,000 | ||||||||||||||
increase in employee benefit plans, accrued interest payable and other liabilities | -16,383,000 | 16,189,000 | -27,825,000 | -4,968,000 | 10,511,000 | -7,423,000 | -4,234,000 | -5,100,000 | -11,070,000 | 17,849,000 | -12,734,000 | 1,663,000 | |||||||||
cash from operating activities | 51,937,000 | 100,735,000 | 62,820,000 | 36,434,000 | 112,740,000 | 87,995,000 | 28,263,000 | 77,159,000 | 71,656,000 | 45,019,000 | 42,720,000 | 51,615,000 | 83,182,000 | 68,751,000 | 54,367,000 | 90,045,000 | 67,229,000 | 54,443,000 | 50,311,000 | ||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
free cash flows | 51,937,000 | 100,735,000 | 62,820,000 | 36,434,000 | 112,740,000 | 87,995,000 | 28,263,000 | 77,159,000 | 71,656,000 | 45,019,000 | 42,720,000 | 51,615,000 | 83,182,000 | 68,751,000 | 54,367,000 | 90,045,000 | 67,229,000 | 54,443,000 | 50,311,000 | ||
cash flows from investing activities | |||||||||||||||||||||
net decrease in securities purchased under agreements to resell | -42,091,000 | -347,940,000 | 492,862,000 | -85,407,000 | -486,022,000 | ||||||||||||||||
short-term investments other than restricted cash: proceeds from maturities and sales | 424,610,000 | 275,230,000 | 409,615,000 | 225,079,000 | 542,851,000 | 828,278,000 | 636,158,000 | 434,281,000 | 526,856,000 | 672,405,000 | 493,890,000 | 472,785,000 | 701,870,000 | 569,533,000 | |||||||
short-term investments other than restricted cash: purchases | -173,857,000 | -570,739,000 | -593,864,000 | -182,709,000 | -497,271,000 | -166,450,000 | -917,859,000 | -617,650,000 | -736,353,000 | -128,964,000 | -918,614,000 | -702,236,000 | |||||||||
available-for-sale investments: proceeds from maturities and pay downs | 54,943,000 | 47,795,000 | 137,355,000 | 44,354,000 | 231,935,000 | 45,732,000 | 184,993,000 | 27,086,000 | 32,267,000 | 45,221,000 | 173,985,000 | 187,470,000 | 131,168,000 | 91,972,000 | 80,325,000 | 90,337,000 | 152,568,000 | 157,535,000 | 150,897,000 | 124,944,000 | 126,227,000 |
available-for-sale investments: purchases | -320,754,000 | -109,912,000 | -97,155,000 | -288,477,000 | -387,850,000 | -124,158,000 | -151,505,000 | 0 | -49,457,000 | -174,349,000 | -542,336,000 | ||||||||||
held-to-maturity investments: proceeds from maturities and pay downs | 66,774,000 | 63,991,000 | 56,450,000 | 61,132,000 | 68,094,000 | 70,121,000 | 59,142,000 | 61,228,000 | 76,023,000 | 99,551,000 | 177,734,000 | 167,398,000 | 117,537,000 | 94,240,000 | 46,619,000 | 49,924,000 | 39,691,000 | 30,172,000 | 29,808,000 | 23,648,000 | 24,598,000 |
held-to-maturity investments: purchases | 0 | 0 | -40,225,000 | -352,930,000 | -453,007,000 | ||||||||||||||||
net decrease in loans | 69,358,000 | 56,752,000 | 12,675,000 | 49,340,000 | 41,520,000 | 61,522,000 | 84,593,000 | 9,070,000 | |||||||||||||
additions to premises, equipment and computer software | -5,115,000 | -6,999,000 | -7,402,000 | -8,140,000 | -6,614,000 | -4,675,000 | -1,620,000 | -7,077,000 | -6,093,000 | -7,557,000 | -2,234,000 | -2,882,000 | |||||||||
proceeds from sale of other real estate owned | 58,000 | 0 | 1,178,000 | 1,000 | 358,000 | 5,272,000 | 689,000 | 179,000 | 455,000 | ||||||||||||
purchase of intangible assets | 0 | 0 | -4,000 | -477,000 | |||||||||||||||||
cash from investing activities | 73,868,000 | -591,822,000 | 410,536,000 | -184,770,000 | -531,069,000 | 189,048,000 | -54,229,000 | -92,138,000 | 231,819,000 | 486,452,000 | -654,371,000 | -820,716,000 | 53,078,000 | ||||||||
cash flows from financing activities | |||||||||||||||||||||
net increase in deposits | -27,608,000 | -28,192,000 | -241,478,000 | 282,510,000 | -16,454,000 | 419,242,000 | 187,822,000 | -713,634,000 | 279,548,000 | -330,398,000 | 822,545,000 | 69,244,000 | |||||||||
net increase in securities sold under agreements to repurchase | 0 | 0 | -90,032,000 | ||||||||||||||||||
repayment of long-term debt | 0 | ||||||||||||||||||||
common shares repurchased | -30,349,000 | -45,425,000 | -41,358,000 | -47,275,000 | -36,752,000 | -36,139,000 | -35,139,000 | -4,756,000 | 0 | 0 | -4,483,000 | -3,350,000 | |||||||||
cash dividends paid on common shares | -20,453,000 | -18,355,000 | -18,769,000 | -19,233,000 | -19,718,000 | -20,124,000 | -20,506,000 | -21,975,000 | -21,849,000 | -21,839,000 | -21,848,000 | -21,899,000 | |||||||||
cash from financing activities | -78,410,000 | -191,972,000 | -391,637,000 | 217,279,000 | 23,125,000 | 362,979,000 | 132,177,000 | -740,365,000 | 257,699,000 | -352,237,000 | 796,214,000 | 43,995,000 | 49,312,000 | 140,617,000 | 207,476,000 | ||||||
net effect of exchange rates on cash, cash equivalents and restricted cash | -7,513,000 | 44,692,000 | 15,846,000 | -87,922,000 | 86,284,000 | 2,176,000 | -4,228,000 | 5,813,000 | 47,844,000 | -41,701,000 | 4,288,000 | 19,859,000 | |||||||||
net increase in cash, cash equivalents and restricted cash | 39,882,000 | -638,367,000 | 97,565,000 | -18,979,000 | -308,920,000 | 642,198,000 | 101,983,000 | -749,531,000 | 609,018,000 | 137,533,000 | 188,851,000 | -705,247,000 | |||||||||
cash, cash equivalents and restricted cash: beginning of period | 0 | 0 | 2,088,542,000 | 0 | 0 | 1,672,260,000 | 2,116,546,000 | 0 | 0 | 3,314,498,000 | 0 | 2,578,902,000 | |||||||||
cash, cash equivalents and restricted cash: end of period | 39,882,000 | -638,367,000 | 2,186,107,000 | -308,920,000 | 642,198,000 | 1,774,243,000 | 1,367,015,000 | 137,533,000 | 188,851,000 | 2,609,251,000 | 251,844,000 | 1,991,461,000 | |||||||||
components of cash, cash equivalents and restricted cash at end of period | |||||||||||||||||||||
cash and cash equivalents | 51,306,000 | -647,282,000 | 2,097,344,000 | -69,077,000 | -322,617,000 | 643,585,000 | 1,746,221,000 | 1,344,800,000 | |||||||||||||
restricted cash included in short-term investments on the consolidated balance sheets | -11,424,000 | 8,915,000 | 88,763,000 | 50,098,000 | 13,697,000 | -1,387,000 | 28,022,000 | 22,215,000 | -6,950,000 | -7,783,000 | 4,868,000 | 27,064,000 | 2,167,000 | 13,235,000 | -4,861,000 | 4,325,000 | 5,118,000 | 11,655,000 | |||
total cash, cash equivalents and restricted cash at end of period | 39,882,000 | -638,367,000 | 2,186,107,000 | -308,920,000 | 642,198,000 | 1,774,243,000 | 1,367,015,000 | 137,533,000 | 188,851,000 | 2,609,251,000 | 251,844,000 | 1,991,461,000 | |||||||||
supplemental disclosure of non-cash items | |||||||||||||||||||||
transfer to (out of) other real estate owned | 0 | 0 | 0 | 87,000 | 410,000 | 420,000 | 0 | 314,000 | |||||||||||||
initial recognition of right-of-use assets and operating lease liabilities | 3,814,000 | 0 | 766,000 | 806,000 | 0 | 3,338,000 | 0 | ||||||||||||||
net change in equity securities at fair value | -50,000 | 14,000 | -42,000 | 7,023,000 | 71,000 | -592,000 | 653,000 | ||||||||||||||
net realized losses on available-for-sale investments | |||||||||||||||||||||
net other non-cash movements | 1,089,000 | ||||||||||||||||||||
available-for-sale investments: proceeds from sale | 2,993,000 | 208,056,000 | 300,704,000 | 24,019,000 | 321,381,000 | 7,784,000 | 86,000 | 28,292,000 | |||||||||||||
cash, cash equivalents and restricted cash: beginning of year | |||||||||||||||||||||
cash, cash equivalents and restricted cash: end of year | |||||||||||||||||||||
components of cash, cash equivalents and restricted cash at end of year | |||||||||||||||||||||
total cash, cash equivalents and restricted cash at end of year | |||||||||||||||||||||
supplemental disclosure of cash flow information | |||||||||||||||||||||
cash interest paid | |||||||||||||||||||||
cash income taxes paid | |||||||||||||||||||||
transfer of available-for-sale investments to held-to-maturity investments | 0 | 0 | |||||||||||||||||||
net increase in securities sold under agreement to repurchase | |||||||||||||||||||||
depreciation and amortization | -5,878,000 | 8,279,000 | 8,917,000 | 9,874,000 | 18,568,000 | 18,948,000 | 14,933,000 | 13,185,000 | 11,662,000 | 10,045,000 | 12,545,000 | 12,224,000 | |||||||||
decrease in securities purchased under agreements to resell | 52,346,000 | ||||||||||||||||||||
benefit from credit losses | 671,000 | ||||||||||||||||||||
net realized (gains) losses on available-for-sale investments | 8,000 | ||||||||||||||||||||
net (gains) losses on other real estate owned | -59,000 | -434,000 | 25,000 | ||||||||||||||||||
increase in carrying value of equity method investments | -398,000 | -277,000 | 16,000 | -81,000 | -58,000 | ||||||||||||||||
increase in accrued interest receivable and other assets | 5,974,000 | 4,548,000 | -45,336,000 | -12,917,000 | -12,512,000 | ||||||||||||||||
increase in securities purchased under agreements to resell | -111,459,000 | 289,074,000 | -84,244,000 | 18,137,000 | 21,698,000 | ||||||||||||||||
net increase in loans | 118,460,000 | 41,236,000 | -20,279,000 | -70,304,000 | 30,394,000 | -28,958,000 | 5,408,000 | ||||||||||||||
issuance of subordinated capital, net of underwriting fees | |||||||||||||||||||||
proceeds from stock option exercises | 467,000 | 30,000 | 156,000 | 1,221,000 | 222,000 | 1,719,000 | 200,000 | 3,631,000 | 5,553,000 | ||||||||||||
reduction in net loans due to initial adoption of a current expected credit loss model | 0 | 7,841,000 | |||||||||||||||||||
benefit from credit (recoveries) losses | 793,000 | -978,000 | -1,547,000 | 4,359,000 | 5,177,000 | ||||||||||||||||
cash due from banks | 145,316,000 | 183,983,000 | 2,582,187,000 | 249,677,000 | 1,978,226,000 | 794,785,000 | -496,807,000 | -89,723,000 | 1,845,628,000 | ||||||||||||
gross cash received from (disbursed for) business acquisition | |||||||||||||||||||||
extinguishment of loan in exchange for available-for-sale investments | |||||||||||||||||||||
gross cash received (disbursed for) from business acquisition | |||||||||||||||||||||
benefit from credit (recovery) losses | |||||||||||||||||||||
increase in accrued interest receivable | |||||||||||||||||||||
increase in other assets | |||||||||||||||||||||
increase in accrued interest payable | 33,000 | 2,644,000 | -1,021,000 | 1,118,000 | -468,000 | 873,000 | |||||||||||||||
increase in employee benefit plans and other liabilities | 8,788,000 | -6,670,000 | 2,577,000 | 46,940,000 | 12,186,000 | ||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements. | |||||||||||||||||||||
proceeds from issuance of common shares, net of underwriting discounts and commissions | 0 | 13,000 | 0 | ||||||||||||||||||
(gain) loss on sale of premises and equipment | |||||||||||||||||||||
fair value adjustments of a contingent payment | 0 | ||||||||||||||||||||
increase in securities purchased under agreement to resell | |||||||||||||||||||||
net increase in short-term investments other than restricted cash | |||||||||||||||||||||
net change in trading investments | -34,000 | 71,000 | 95,000 | ||||||||||||||||||
net cash disbursed for business acquisitions | |||||||||||||||||||||
net increase in demand and term deposit liabilities | 43,817,000 | 159,839,000 | 423,466,000 | ||||||||||||||||||
cost of issuance of common shares | |||||||||||||||||||||
proceeds from loans sold under agreement to repurchase | 0 | ||||||||||||||||||||
cost of repurchase of loans under agreement to repurchase | |||||||||||||||||||||
preference shares repurchased | |||||||||||||||||||||
warrant repurchased | |||||||||||||||||||||
cash dividends paid on preference shares | |||||||||||||||||||||
preference shares guarantee fee paid | |||||||||||||||||||||
net effect of exchange rates on cash, cash equivalent and restricted cash | 1,335,000 | 15,810,000 | |||||||||||||||||||
net increase in cash, cash equivalent and restricted cash | -84,605,000 | 299,550,000 | |||||||||||||||||||
cash, cash equivalent and restricted cash: beginning of year | |||||||||||||||||||||
cash, cash equivalent and restricted cash: end of year | |||||||||||||||||||||
components of cash, cash equivalent and restricted cash at end of year | |||||||||||||||||||||
total cash, cash equivalent and restricted cash at end of year | |||||||||||||||||||||
cash income tax paid | |||||||||||||||||||||
non-cash items | |||||||||||||||||||||
transfer to other real estate owned | |||||||||||||||||||||
provision for credit (recovery) losses | |||||||||||||||||||||
(increase) in carrying value of equity method investments | |||||||||||||||||||||
decrease in accrued interest receivable | 94,000 | ||||||||||||||||||||
decrease in other assets | 11,085,000 | ||||||||||||||||||||
decrease in securities purchased under agreement to resell | 17,097,000 | 86,144,000 | |||||||||||||||||||
net decrease in short-term investments other than restricted cash | 6,300,000 | 23,302,000 | 141,063,000 | ||||||||||||||||||
issuance of subordinated capital, net of underwritting fees | |||||||||||||||||||||
cash, cash equivalent and restricted cash: beginning of period | 0 | 0 | 1,557,733,000 | ||||||||||||||||||
cash, cash equivalent and restricted cash: end of period | -492,482,000 | -84,605,000 | 1,857,283,000 | ||||||||||||||||||
components of cash, cash equivalent and restricted cash at end of period | |||||||||||||||||||||
total cash, cash equivalent and restricted cash at end of period | -492,482,000 | -84,605,000 | 1,857,283,000 | ||||||||||||||||||
cash disbursed for business acquisitions | |||||||||||||||||||||
issuance of long-term debt | |||||||||||||||||||||
impairment of fixed assets | |||||||||||||||||||||
(increase) in carrying value of investments in associates and equity method | |||||||||||||||||||||
net increase in short-term investments | |||||||||||||||||||||
dividends received on investments in associates and equity method | 0 | ||||||||||||||||||||
cash disbursed for business acquisition | |||||||||||||||||||||
net effect of exchange rates on cash due from banks | 3,684,000 | 10,201,000 | |||||||||||||||||||
net increase in cash due from banks | |||||||||||||||||||||
cash due from banks at beginning of year | |||||||||||||||||||||
cash due from banks at end of year | |||||||||||||||||||||
depreciation and amortisation | 12,803,000 | 13,661,000 | |||||||||||||||||||
net realised losses on available-for-sale investments | |||||||||||||||||||||
loss on sale of premises and equipment | |||||||||||||||||||||
net decrease in short-term investments | |||||||||||||||||||||
cash due from banks at beginning of period | 2,101,651,000 | ||||||||||||||||||||
cash due from banks at end of period | 1,867,309,000 | ||||||||||||||||||||
net (increase) in short-term investments | |||||||||||||||||||||
dividends received on equity method investments | 40,000 | 0 | |||||||||||||||||||
cash dividends paid on common and contingent value convertible preference shares | |||||||||||||||||||||
net (decrease) in cash due from banks | |||||||||||||||||||||
net realised (gains) losses on available-for-sale investments | |||||||||||||||||||||
equity pick up on private equity partnership investment | |||||||||||||||||||||
net (gain) on sales of equity method investments | |||||||||||||||||||||
(increase) in other assets | |||||||||||||||||||||
(increase) in securities purchased under agreement to resell | |||||||||||||||||||||
net amounts received for assuming deposits acquired from another bank | |||||||||||||||||||||
net (decrease) in securities sold under agreement to repurchase | |||||||||||||||||||||
(gain) on sale of premises and equipment | |||||||||||||||||||||
(increase) decrease in accrued interest receivable | |||||||||||||||||||||
(increase) decrease in other assets | |||||||||||||||||||||
increase (decrease) in accrued interest payable | |||||||||||||||||||||
increase (decrease) in employee benefit plans and other liabilities |