30th April 2012 : The Bank of N.T. Butterfield & Son Limited (“Butterfield” or the “Bank”) today reported first quarter net income of $14.7 million ($0.02 per share on a fully diluted basis), compared to net income of $8.4 million in the first quarter of 2011.

Butterfield Bank (UK) Limited Information
Butterfield Private Bank
99 Gresham Street
Tel 020 7776 6700

Butterfield is a diversified financial services Group operating in seven jurisdictions. They have total assets of $8.8 billion and $71.7 billion of client assets under administration. They employ over 1,300 people around the world. The parent company, The Bank of N.T. Butterfield & Son Limited, is a publicly traded company with a primary share listing on the Bermuda Stock Exchange and a secondary listing on the Cayman Islands Stock Exchange. Butterfield Private Bank is fully owned by them and is the name used for private banking by Butterfield Bank (UK) Limited.

The group headquarters are in Bermuda and were established in 1858.

Butterfield Bank (UK) Limited is a member of the Financial Services Compensation Scheme.

None of the overseas Butterfield companies is an Authorised Person subject to the rules and regulations made under the Financial Services and Markets Act 2000 for the protection of investors.  Compensation under the Financial Services Compensation Scheme will not be available in respect of business transacted with them. The UK Financial Services Compensation Scheme is not applicable to deposits held outside the UK.

Butterfield offers banking services, treasury services lending services and disretionary investment management services.

Financial Results Year Ended 31/12/2011

The Bank reported net income of $40.5 million for the year ended 31 December 2011, compared to a net loss of $207.6 million in 2010. Total revenue before provision for credit losses and gains was USD 348.9 million.
Across the Group, headcount was reduced by 135, from 1,519 as at 31 December 2010 to 1,384 by the end of 2011. Revenue by are was Bermuda 58%, Switzerland 1%, Barbados 4%, Guernsey 10%, Cayman 18%, United Kingdom 7% and Barbados 2%.

Financial Results Year Ended 31/12/2010

The Bank of N.T. Butterfield & Son Limited (“Butterfield”, “Group” or the “Bank”) announced a loss for the full year ended 31 December 2010 of $207.6 million.

Financial Results Year Ended 31/12/2009

The Bank of N.T. Butterfield & Son Limited had a record net loss of $213 million for the 12 months ended 31 December 2009.

Financial Results Year Ended 31/12/2008

The Bank of N.T Butterfield and Son Limited made a profit after tax for the year ended 31/12/2008 of $4,839.

butterfield private bank.