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.
The Bank of N.T. Butterfield & Son Limited issues recurring updates on its banking and wealth management operations across Bermuda, the Cayman Islands, Guernsey, Jersey, The Bahamas, Switzerland, Singapore and the United Kingdom. Its banking services include deposits, cash management and lending for individual, business and institutional clients, while wealth management includes trust, private banking, asset management and custody.
Butterfield news commonly covers quarterly and annual results, net interest income, deposit costs, banking and foreign exchange fees, dividends, share repurchase authorizations and governance changes. Updates also describe capital management priorities and business performance across the bank’s principal banking and specialized financial services markets.
The Bank of N.T. Butterfield & Son Limited (NYSE: NTB) has announced the promotions of Michael Schrum to President and Group Chief Risk Officer, and Craig Bridgewater to Group Chief Financial Officer. Schrum, previously serving as Group CFO, brings over 25 years of financial services experience, while Bridgewater has extensive experience from his tenure at KPMG. These promotions come as the current Group Chief Risk Officer, Sabeth Siddique, is set to leave the company. The management changes aim to support Butterfield's long-term growth strategy.
The Bank of N.T. Butterfield & Son Limited (NYSE: NTB) plans to release its first quarter 2022 financial results post-market on May 2, 2022. An earnings conference call is scheduled for May 3, 2022 at 10:00 a.m. ET, accessible via phone or a live audio webcast. The replay of the call will be available for 12 months following the event. Butterfield, based in Bermuda, offers a range of banking and wealth management services across several jurisdictions, including the Cayman Islands and the UK. For more information, visit their investor relations page.
The Bank of N.T. Butterfield & Son Limited (NTB) reported strong financial results for Q4 and the full year 2021. Q4 net income reached $41.7 million, or $0.84 per share, with a 17.1% return on average common equity. For the year, net income increased to $162.7 million, up from $147.2 million in 2020. The bank declared a $0.44 dividend per share and initiated a new share repurchase program for up to 2 million shares. Key metrics include a net interest margin of 2.00% and total assets of $15.3 billion.
The Bank of N.T. Butterfield & Son Limited will release its fourth quarter and full year 2021 financial results on February 14, 2022, post the New York Stock Exchange close. An earnings conference call is scheduled for February 15, 2022, at 10:00 a.m. ET, with dial-in options available. Investors can also access a live audio webcast through the company's investor relations webpage. A replay of the call will be available for 12 months following the event. Butterfield operates as a full-service bank and wealth manager across several locations, including Bermuda and the Cayman Islands.
The Bank of N.T. Butterfield & Son Limited (NTB) reported third-quarter financial results for 2021, achieving a net income of $39.8 million, or $0.80 per share. This is a slight increase from $39.6 million in Q2 2021 and significantly up from $30.5 million in Q3 2020. Core net income remained stable at $40.0 million. The efficiency ratio improved to 66.5%. Total deposits rose to $13.9 billion, while net interest income increased to $75.7 million. The board declared a quarterly dividend of $0.44 per share, payable on November 24, 2021. The bank also agreed to a non-prosecution resolution with the US Department of Justice.
The Bank of N.T. Butterfield & Son Limited (NYSE: NTB) will release its third quarter 2021 financial results on October 27, 2021, after the NYSE closes. A subsequent earnings conference call is scheduled for October 28, 2021, at 10:00 a.m. ET. Investors can join the call via dial-in or watch a live audio webcast on Butterfield's investor relations website.
Butterfield offers a range of banking and wealth management services across several regions, including Bermuda, the Cayman Islands, and the UK, catering to individual and institutional clients.
The Bank of N.T. Butterfield & Son Limited (NYSE: NTB) announced a resolution with the U.S. Department of Justice regarding its legacy business with U.S. clients. The agreement, a three-year non-prosecution agreement (NPA), includes financial payments totaling $5.6 million for forfeiture and tax restitution. These payments align with provisions set in Butterfield's financial statements from 2015 and 2016. CEO Michael Collins expressed satisfaction with the resolution and noted improved compliance controls for U.S. client business.
The Bank of N.T. Butterfield & Son Limited (NTB) reported a net income of $39.6 million ($0.79 per diluted share) for Q2 2021, a decrease from $41.6 million in Q1 2021. Core net income was $40.1 million. The core return on tangible equity dropped to 18.7%, and the efficiency ratio increased to 67.4%. Net interest income was $74.7 million, a slight decline from Q1. Non-interest income rose to $48.8 million, driven by banking fees. Deposits surged to $14.2 billion. A quarterly dividend of $0.44 is set for August 24, 2021.
The Bank of N.T. Butterfield & Son Limited (NTB) is set to announce its second quarter 2021 financial results on July 26, 2021, after market close. An earnings conference call will take place on July 27, 2021, at 10:00 a.m. ET, accessible via dial-in or live audio webcast. The replay of the call will be available for 12 months post-event. Butterfield offers a range of banking and wealth management services and operates from various locations including Bermuda and the Cayman Islands. For more details, visit their website.
The Bank of N.T. Butterfield & Son Limited (NTB) held its Annual General Meeting on June 30, 2021, where shareholders voted on three agenda proposals. All proposals received the necessary approvals, including the re-election of directors Michael Collins, Alastair Barbour, Sonia Baxendale, James Burr, Michael Covell, Mark Lynch, Jana Schreuder, Michael Schrum, Pamela Thomas‐Graham, and John Wright. The Bank operates as a full-service bank and wealth manager across multiple jurisdictions.