NTB Latest Report

Financial Performance

Butterfield Bank's total operating revenue reached RMB151.9 million as of December 31, 2024, up about 2.00% from RMB146.6 million in 2023. This growth indicates a slight improvement in revenue, possibly influenced by the improvement in market demand and business expansion.

Key Financial Data

1. The growth of total operating revenue of about 2.00% reflects the enhancement of market demand and the willingness of customers to borrow.

2. Interest income net was RMB86.9 million, up from RMB86.9 million in 2023, possibly due to the rise in loan rates or the optimization of loan portfolios.

3. Cost control measures may have supported the growth of operating revenue, showing the improvement of the bank's operating efficiency.

Peer Comparison

1. Industry-wide analysis: The financial industry as a whole has experienced a recovery, with a general trend of revenue growth after the economic recovery. Many banks had varying degrees of growth in 2024, indicating positive signals of market confidence recovery and the warming of customer demand. Bank stocks performed well in 2024, up 46.67%, showing strong growth potential for the industry. [Source](http://field.10jqka.com.cn/20241231/c665079440.shtml)

2. Peer evaluation analysis: Compared with other banks in the same industry, the growth of Butterfield Bank's total operating revenue was relatively small but still positive. This stable revenue performance shows its relative competitiveness in the competitive market, although the overall growth rate is lower than the industry average.

Summary

Butterfield Bank achieved a slight growth in total operating revenue in 2024, mainly benefiting from the improvement in market demand and the rise in interest income net. However, compared with the overall growth of the industry, the bank's growth rate is relatively small, indicating that it maintains stability in competition but still needs to focus on strategies to further enhance market share and revenue growth.

Opportunities

1. Continue to expand products and services to attract more customers and increase revenue sources.

2. Further optimize loan portfolios to take advantage of the rise in interest rates to enhance interest income net.

3. Strengthen cost control to improve operating efficiency and thus enhance overall profitability.

Risks

1. Uncertainty in the economic situation may affect future market demand and thus affect revenue growth.

2. Changes in interest rate policies may have a negative impact on the bank's borrowing costs and profitability, which need to be closely monitored for central bank policy developments. [Source](https://www.bidchance.com/falv/yqzhengce/1677492.html)

3. In the fierce competition, Butterfield Bank needs to maintain innovation to prevent further loss of market share.