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Bank of N T Butterfield & Son Ltd. - NTB STOCK NEWS

Welcome to our dedicated news page for Bank of N T Butterfield & Son Ltd. (Ticker: NTB), a resource for investors and traders seeking the latest updates and insights on Bank of N T Butterfield & Son Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bank of N T Butterfield & Son Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Bank of N T Butterfield & Son Ltd.'s position in the market.

Rhea-AI Summary
Butterfield reported solid first quarter 2024 financial results, with net income of $53.4 million, core net income of $55.0 million, a return on average common equity of 21.5%, and a core return on average tangible common equity of 24.5%. The bank declared a dividend of $0.44 per share for the quarter. Net interest margin was 2.68% and non-interest income decreased slightly. Operating returns have been consistent, and the bank remains highly liquid with strong capital levels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.09%
Tags
-
Rhea-AI Summary
The Bank of N.T. Butterfield & Son (NYSE: NTB | BSX: NTB.BH) will report Q1 2024 financial results on April 23, 2024, with an earnings conference call on April 24, 2024. Investors can access the call via dial-in or live audio webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.75%
Tags
-
Rhea-AI Summary
The Bank of N.T. Butterfield & Son appoints Simon Des-Etages as General Counsel and Group Chief Legal Officer. Des-Etages brings over 30 years of legal experience in the banking industry, previously holding roles at American Express, Merrill Lynch, and HSBC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
management
Rhea-AI Summary
Butterfield reported strong financial results for Q4 2023 and full year 2023, with net income of $225.5 million and $53.5 million respectively. Core net income stood at $231.5 million and $55.3 million for the same periods. The return on average common equity was 24.2% for the full year, with a core return on average tangible common equity of 27.0%. The bank declared a dividend of $0.44 per share for Q4 2023 and announced a new share repurchase program for up to 3.5 million common shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.03%
Tags
-
Rhea-AI Summary
The Bank of N.T. Butterfield & Son Limited will release its Q4 and full year 2023 financial results on February 12, 2024, with an earnings conference call scheduled for February 13, 2024. The call can be accessed via dial-in or live audio webcast, with a replay available for 12 months. The ticker symbol for Butterfield is NTB on NYSE and NTB.BH on BSX.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
Tags
-
Rhea-AI Summary
The Bank of N.T. Butterfield & Son Limited announces the promotion of Michael Neff to Group Chief Operating Officer, Jody Feldman to Managing Director of Bermuda, and Kevin Dallas to Group Chief Experience Officer. The new appointments strengthen the leadership team with a focus on operational effectiveness and client services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
Tags
none
Rhea-AI Summary
Butterfield & Son Limited (BSX: NTB.BH; NYSE: NTB) approved a $90 million share repurchase program to buy up to 3.5 million of its ordinary shares through December 31, 2024. The program aims to utilize capital efficiently and provide shareholder return through dividends and repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.69%
Tags
buyback
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Rhea-AI Summary
The Bank of N.T. Butterfield & Son Limited (Butterfield) has announced its financial results for the third quarter of 2023. Net income for the quarter was $48.7 million, compared to $61.0 million in the previous quarter. Core net income was $57.0 million. The return on average common equity was 20.6% and the core return on average tangible common equity was 26.1%. The bank declared a dividend of $0.44 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.41%
Tags
-
Rhea-AI Summary
Bank of N.T. Butterfield & Son to release Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
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none
Bank of N T Butterfield & Son Ltd.

NYSE:NTB

NTB Rankings

NTB Stock Data

1.44B
46.36M
1.14%
70.41%
0.56%
Commercial Banking
Finance and Insurance
Link
Bermuda
65 Front Street

About NTB

the butterfield group is a full service community bank and a provider of specialised international financial services. our headquarters and largest operations are in bermuda, where we were established in 1858 as the island’s first bank, and continue to play an important role in the local economy. the butterfield group offers a full range of community banking services in bermuda and the cayman islands, encompassing retail and corporate banking and treasury activities. in the wealth management area, the group provides private banking, asset management and personal trust services from its headquarters in bermuda and subsidiary offices in the bahamas, the cayman islands, guernsey, switzerland and the united kingdom. butterfield also provides services to corporate and institutional clients from offices in bermuda, the bahamas, the cayman islands and guernsey, which include asset management and corporate trust services. butterfield is a publicly traded corporation with shares listed on the b