
2025	Bermuda	Cayman	Channel Islands and the UK	Other	Total before eliminations	Inter-segment eliminations	Total
Year ended December 31
Interest income
Interest income	215,493	155,681	185,795	141	557,110	—	557,110
Interest income - Inter-segment	279	3,251	35	—	3,565	(3,565)	—
Interest income Total	215,772	158,932	185,830	141	560,675	(3,565)	557,110

Interest expense
Interest expense	42,010	38,331	112,687	—	193,028	—	193,028
Interest expense - Inter-segment	3,273	—	292	—	3,565	(3,565)	—
Interest expense Total	45,283	38,331	112,979	—	196,593	(3,565)	193,028

Net interest income
Net interest income	173,483	117,350	73,108	141	364,082	—	364,082
Net interest income - Inter-segment	(2,994)	3,251	(257)	—	—	—	—
Net interest income Total	170,489	120,601	72,851	141	364,082	—	364,082

Non-interest income	100,435	77,014	44,505	46,447	268,401	(25,494)	242,907

Allowance for credit losses	2,725	(174)	(2,768)	—	(217)	—	(217)

Net revenue before gains and losses	273,649	197,441	114,588	46,588	632,266	(25,494)	606,772

Gains and losses	25	(16)	11	—	20	—	20

Total net revenue	273,674	197,425	114,599	46,588	632,286	(25,494)	606,792

Expenses
Salaries and other employee benefits	78,088	28,647	46,163	29,737	182,635	—	182,635
Technology and communications	31,823	13,544	9,324	1,530	56,221	—	56,221
Non-income taxes	17,716	1,675	2,495	1,403	23,289	—	23,289
Professional and outside services	13,964	2,386	4,232	1,322	21,904	—	21,904
Property	9,380	2,880	6,741	2,571	21,572	—	21,572
Amortization of intangible assets	1,430	1,101	3,571	1,900	8,002	—	8,002
Depreciation	13,624	4,505	2,729	485	21,343	—	21,343
Income tax benefit (expense)	—	—	4,895	1,129	6,024	—	6,024
Other expenses	42,485	13,760	(560)	3,669	59,354	(25,494)	33,860
Expenses Total	208,510	68,498	79,590	43,746	400,344	(25,494)	374,850

Net income	65,164	128,927	35,009	2,842	231,942	—	231,942


2024	Bermuda	Cayman	Channel Islands and the UK	Other	Total before eliminations	Inter-segment eliminations	Total
Year ended December 31
Interest income
Interest income	222,674	159,109	203,696	238	585,717	—	585,717
Interest income - Inter-segment	7,140	5,275	1,048	—	13,463	(13,463)	—
Interest income Total	229,814	164,384	204,744	238	599,180	(13,463)	585,717

Interest expense
Interest expense	53,559	46,948	134,007	—	234,514	—	234,514
Interest expense - Inter-segment	6,290	29	7,144	—	13,463	(13,463)	—
Interest expense Total	59,849	46,977	141,151	—	247,977	(13,463)	234,514

Net interest income
Net interest income	169,115	112,161	69,689	238	351,203	—	351,203
Net interest income - Inter-segment	850	5,246	(6,096)	—	—	—	—
Net interest income Total	169,965	117,407	63,593	238	351,203	—	351,203

Non-interest income	93,733	71,949	44,366	42,361	252,409	(22,394)	230,015

Allowance for credit losses	(1,834)	135	37	—	(1,662)	—	(1,662)

Net revenue before gains and losses	261,864	189,491	107,996	42,599	601,950	(22,394)	579,556

Gains and losses	88	—	289	—	377	—	377

Total net revenue	261,952	189,491	108,285	42,599	602,327	(22,394)	579,933

Expenses
Salaries and other employee benefits	74,985	27,207	45,617	26,215	174,024	—	174,024
Technology and communications	30,866	14,196	9,823	1,404	56,289	—	56,289
Non-income taxes	17,231	1,965	2,225	1,251	22,672	—	22,672
Professional and outside services	14,033	2,135	5,581	945	22,694	—	22,694
Property	9,015	2,925	8,085	2,469	22,494	—	22,494
Amortization of intangible assets	1,429	1,101	3,456	2,020	8,006	—	8,006
Depreciation	13,174	4,517	3,078	585	21,354	—	21,354
Income tax benefit (expense)	—	—	3,337	1,194	4,531	—	4,531
Other expenses	37,885	13,002	(54)	3,114	53,947	(22,394)	31,553
Expenses Total	198,618	67,048	81,148	39,197	386,011	(22,394)	363,617

Net income	63,334	122,443	27,137	3,402	216,316	—	216,316


2023	Bermuda	Cayman	Channel Islands and the UK	Other	Total before eliminations	Inter-segment eliminations	Total
Year ended December 31
Interest income
Interest income	220,946	159,043	165,558	83	545,630	—	545,630
Interest income - Inter-segment	1,925	6,908	1,358	—	10,191	(10,191)	—
Interest income Total	222,871	165,951	166,916	83	555,821	(10,191)	545,630

Interest expense
Interest expense	36,511	31,214	110,945	—	178,670	—	178,670
Interest expense - Inter-segment	5,699	1,050	3,442	—	10,191	(10,191)	—
Interest expense Total	42,210	32,264	114,387	—	188,861	(10,191)	178,670

Net interest income
Net interest income	184,435	127,829	54,613	83	366,960	—	366,960
Net interest income - Inter-segment	(3,774)	5,858	(2,084)	—	—	—	—
Net interest income Total	180,661	133,687	52,529	83	366,960	—	366,960

Non-interest income	89,948	66,891	39,074	35,801	231,714	(19,378)	212,336

Allowance for credit losses	(4,755)	61	242	—	(4,452)	—	(4,452)

Net revenue before gains and losses	265,854	200,639	91,845	35,884	594,222	(19,378)	574,844

Gains and losses	4,011	(4)	(253)	(1)	3,753	—	3,753

Total net revenue	269,865	200,635	91,592	35,883	597,975	(19,378)	578,597

Expenses
Salaries and other employee benefits	78,573	30,067	46,272	23,027	177,939	—	177,939
Technology and communications	29,232	12,556	8,670	1,476	51,934	—	51,934
Non-income taxes	16,769	1,817	1,821	1,050	21,457	—	21,457
Professional and outside services	14,006	1,815	4,301	934	21,056	—	21,056
Property	9,116	2,882	7,239	2,414	21,651	—	21,651
Amortization of intangible assets	1,430	1,101	2,821	376	5,728	—	5,728
Depreciation	11,390	3,677	4,018	682	19,767	—	19,767
Income tax benefit (expense)	—	—	1,278	(511)	767	—	767
Other expenses	38,343	10,596	1,511	1,734	52,184	(19,378)	32,806
Expenses Total	198,859	64,511	77,931	31,182	372,483	(19,378)	353,105

Net income	71,006	136,124	13,661	4,701	225,492	—	225,492