Welcome to our dedicated page for Bank of N.T. Butterfield & Son news (Ticker: NTB), a resource for investors and traders seeking the latest updates and insights on Bank of N.T. Butterfield & Son stock.
Bank of N.T. Butterfield & Son Ltd (NTB) provides trusted financial services across Bermuda, the Cayman Islands, and international markets through its community banking and wealth management expertise. This page serves as a centralized hub for investors and stakeholders seeking authoritative updates on the company’s developments.
Access real-time press releases covering earnings reports, leadership changes, regulatory filings, and strategic initiatives. Our curated collection ensures you stay informed about NTB’s community banking operations, private wealth services, and international financial activities without needing to track multiple sources.
Key updates include quarterly financial results, corporate governance announcements, and service expansions in trust management or corporate banking. Bookmark this page for streamlined access to NTB’s official communications, enabling data-driven decisions grounded in verified company disclosures.
Butterfield Bank (NYSE: NTB) has announced key senior management appointments effective October 1, 2024. Andrew Burns will become Chief Risk Officer for the Cayman Islands, while Sean Lee takes over as Group Head of Human Resources and joins the Executive Committee. Additionally, Alexander Twerdahl has been appointed to lead Strategy and Corporate Development for the Group, effective immediately.
These strategic moves aim to strengthen Butterfield's leadership team and support its long-term strategy. Burns brings 18 years of financial services experience, Lee has nearly 20 years in retail banking, and Twerdahl offers extensive expertise as a financial analyst, having worked at Piper Sandler for over 18 years.
Butterfield (NYSE: NTB) reported Q2 2024 financial results with net income of $50.6 million ($1.09 per share) and core net income of $51.4 million ($1.11 per share). The bank achieved a return on average common equity of 20.7% and a net interest margin of 2.64%. Key highlights include:
- Declared quarterly dividend of $0.44 per share
- Approved new share repurchase authorization for up to 2.1 million common shares
- Appointed Stephen E. Cummings as Independent Director
- Period-end deposit balances increased 4.7% to $12.5 billion
- Tangible book value per share improved by 3.0% to $20.03
The bank maintained a strong capital position with a total regulatory capital ratio of 24.8% under Basel III.
The Bank of N.T. Butterfield & Son (NYSE: NTB | BSX: NTB.BH) will release its second-quarter 2024 financial results on July 22, 2024, following the New York Stock Exchange's closing. The company will host an earnings conference call on July 23, 2024, at 10:00 a.m. Eastern Time. Interested parties can dial in toll-free from the US at +1 (844) 855 9501, internationally at +1 (412) 858 4603, using the Conference ID: Butterfield Group. Additionally, a live webcast will be available on Butterfield's investor relations webpage. An audio replay of the conference call will remain accessible for 12 months starting July 23, 2024.
The Bank of N.T. Butterfield & Son released the voting results of its 2024 Annual General Meeting, where all proposed agenda items were approved, including the re-election of eight Directors.
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