Bermuda was Bank of N.T. Butterfield & Son’s largest segment in fiscal 2020, bringing in $238.00M of $499.92M (48%).
| Segment | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Bermuda | $268.74M | $299.44M | $272.11M | $238.00M | |||
| Cayman | $133.09M | $152.64M | $168.88M | $145.63M | |||
| Channel Islands & The Uk | $46.75M | $58.99M | $82.92M | $101.90M | |||
| Guernsey | — | — | — | — | |||
| United Kingdom | — | — | — | — | |||
| Other | $11.56M | $15.18M | — | $14.39M | |||
| The Bahamas | — | — | — | — | |||
| Switzerland | — | — | — | — | |||
| Total | $460.14M | $526.24M | $523.91M | $499.92M |
Bank of N.T. Butterfield & Son brought in $499.92M from its four segments in fiscal 2020, the year ended December 31, 2020. Bank of N.T. Butterfield & Son regrouped these segments after fiscal 2019, so the total does not compare directly with that year's $523.91M. Bermuda was the largest at $238.00M (47.6%), ahead of Cayman at $145.63M (29.1%) and Channel Islands & The Uk at $101.90M (20.4%). The remaining segment, Other, brought in $14.39M.
Compared with fiscal 2019, Channel Islands & The Uk grew fastest, up 22.9% to $101.90M, while Cayman fell the most, down 13.8% to $145.63M. From fiscal 2017 to 2020, combined revenue from these segments grew from $460.14M to $499.92M, a compound annual growth rate of 2.8%. Bermuda's share of the total fell from 58.4% to 47.6%.
Bank of N.T. Butterfield & Son (NTB) reports its revenue by segment. In fiscal 2020, Bermuda was its largest segment, bringing in $238.00M (47.6% of the total), followed by Cayman at $145.63M (29.1%).
Bermuda was Bank of N.T. Butterfield & Son's largest segment in fiscal 2020, bringing in $238.00M, or 47.6% of the $499.92M total across its four segments.
Every figure comes from Bank of N.T. Butterfield & Son's annual financial filings, as reported. Each line keeps the name Bank of N.T. Butterfield & Son gives it, and years follow its fiscal calendar.
Bank of N.T. Butterfield & Son's revenue by segment goes back to fiscal 2014, with figures through fiscal 2020. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.