Mergers & Acquisitions ·
The Bank of N.T. Butterfield & Son Limited filed historical financial statements for CIBC Caribbean Bank Limited in…
NTBBank of N.T. Butterfield & Son Ltd
The Bank of N.T. Butterfield & Son Limited filed historical financial statements for CIBC Caribbean Bank Limited in connection with its previously announced acquisition of CIBC's interest in the bank. The audited carve-out results show net income of $213 million for the year ended October 31, 2025, compared to $276 million in 2024, driven by a significant increase in credit loss expense from $2.7 million to $47.7 million. Total assets reached $13.8 billion as of October 31, 2025. The unaudited condensed financial statements for the six months ended April 30, 2026, are also included. Butterfield operates in the banking and financial services industry.