<div id="readability-page-1"><article>HAMILTON, Bermuda--(BUSINESS WIRE)--The Bank of N.T. Butterfield &amp; Son Limited (&#34;Butterfield&#34; or the &#34;Bank&#34;) (BSX: NTB.BH; NYSE: NTB) today announced that its Board of Directors has approved a $140 million ordinary share repurchase program (“the Share Repurchase Program”) pursuant to which the Bank is authorized to purchase up to 3.0 million of its ordinary shares through December 31, 2026.Michael Collins, Chairman and Chief Executive Officer said: “I am pleased to announce Butterfield’s new share repurchase program for 2026. Our capital management priorities remain focused on supporting a quarterly cash dividend, funding organic growth, and financing potential acquisitions. Subject to market conditions, our new share repurchase authorization provides us with a flexible capital management tool in 2026.”The timing and amount of any share repurchases will be determined by Bank management based on its evaluation of market conditions and other factors that include, but are not limited to, Butterfield’s share price and the availability of alternative capital investments. Repurchases under the new Share Repurchase Program may be made in the open market or through privately negotiated transactions, including under US Securities &amp; Exchange Commission Rule 10b5-1, and will be made in accordance with applicable laws and regulations.The new Share Repurchase Program will come into effect on January 1, 2026 with the termination of the current 1.5 million share repurchase program that was announced on July 28, 2025.Forward-Looking Statements:Certain of the statements made in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions estimates, intentions, and future performance, including, without limitation, our intention to make share repurchases, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. These risks and uncertainties may cause the actual results, performance, capital, ownership or achievements of Butterfield to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements due to a variety of factors, including worldwide economic conditions (including economic growth and general business conditions) and fluctuations of interest rates, inflation, a decline in Bermuda’s sovereign credit rating, any sudden liquidity crisis, the successful completion and integration of or the realization of the anticipated benefits of such acquisitions in the expected time-frames or at all, success in business retention and obtaining new business, potential impacts of climate change, the success of our updated systems and platforms and other factors. Forward-looking statements can be identified by words such as &#34;anticipate,&#34; &#34;assume,&#34; &#34;believe,&#34; &#34;estimate,&#34; &#34;expect,&#34; &#34;indicate,&#34; &#34;intend,&#34; &#34;may,&#34; &#34;plan,&#34; &#34;point to,&#34; &#34;predict,&#34; &#34;project,&#34; &#34;seek,&#34; &#34;target,&#34; &#34;potential,&#34; &#34;will,&#34; &#34;would,&#34; &#34;could,&#34; &#34;should,&#34; &#34;continue,&#34; &#34;contemplate&#34; and other similar expressions, although not all forward-looking statements contain these identifying words. All statements other than statements of historical fact are statements that could be forward-looking statements.All forward-looking statements in this disclosure are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our SEC reports and filings, including under the caption &#34;Risk Factors&#34; in our most recent Form 20-F. Such reports are available upon request from Butterfield, or from the Securities and Exchange Commission (&#34;SEC&#34;), including through the SEC’s website at https://www.sec.gov. Any forward-looking statements made by Butterfield are current views as at the date they are made. Except as otherwise required by law, Butterfield assumes no obligation and does not undertake to review, update, revise or correct any of the forward-looking statements included in this disclosure, whether as a result of new information, future events or other developments. You are cautioned not to place undue reliance on the forward-looking statements made by Butterfield in this disclosure. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, and should only be viewed as historical data.About Butterfield:Butterfield is a full-service bank and wealth manager headquartered in Hamilton, Bermuda, providing services to clients from Bermuda, the Cayman Islands, Guernsey and Jersey, where our principal banking operations are located, and The Bahamas, Switzerland, Singapore and the United Kingdom, where we offer specialized financial services. Banking services comprise deposit, cash management and lending solutions for individual, business and institutional clients. Wealth management services are composed of trust, private banking, asset management and custody. In Bermuda, the Cayman Islands and Guernsey, we offer both banking and wealth management. In The Bahamas, Singapore and Switzerland, we offer select wealth management services. In the UK, we offer residential property lending. In Jersey, we offer select banking and wealth management services. Butterfield is publicly traded on the New York Stock Exchange (symbol: NTB) and the Bermuda Stock Exchange (symbol: NTB.BH). Further details on the Butterfield Group can be obtained from our website at: www.butterfieldgroup.com.BF-All<img src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNTEyMDg0NTQ0MTFyMQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNTEyMDg0NTQ0MTFyMQ"/>View source version on businesswire.com: https://www.businesswire.com/news/home/20251208454411/en/Investor Relations Contact: Noah Fields Investor Relations The Bank of N.T. Butterfield &amp; Son Limited Phone : (441) 299 3816 E-mail : noah.fields@butterfieldgroup.comMedia Relations Contact: Nicky Stevens Group Corporate Communications The Bank of N.T. Butterfield &amp; Son Limited Phone: (441) 299 1624 E-mail: nicky.stevens@butterfieldgroup.comSource: Bank of N.T. Butterfield &amp; Son Limited</article></div>

The Bank of N.T. Butterfield & Son Limited announced a $140 million share repurchase program, authorizing the purchase of up to 3 million ordinary shares by December 31, 2026. This program, effective January 1, 2026, aims to support capital management priorities, including dividends, growth, and acquisitions. The timing and amount of repurchases will depend on market conditions and other factors. The program will replace the current 1.5 million share repurchase program ending in 2025.

Butterfield Announces New Share Repurchase Program for 2026 | NTB Stock News