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 ("Butterfield") (NYSE: NTB; BSX: NTB.BH) is a full-service bank and wealth manager headquartered in Hamilton, Bermuda. This news page focuses on company developments that affect Butterfield’s commercial banking and wealth management activities across Bermuda, the Cayman Islands, the Channel Islands, the UK and other key financial centers.
Investors following NTB news can track the bank’s quarterly and annual financial results, which are released with detailed commentary on net income, core net income, net interest margin, non-interest income, efficiency ratios and capital ratios. Earnings releases often explain movements in banking fees, foreign exchange revenue, trust income, asset management fees and operating expenses, offering insight into the drivers of profitability.
Butterfield’s disclosures also highlight capital management actions such as quarterly cash dividends and share repurchase programs authorized by the Board of Directors. News items have described repurchases of common shares, new repurchase authorizations and the bank’s stated priorities of supporting dividends, funding organic growth and evaluating potential acquisitions.
In addition, readers can find governance and leadership updates, including senior leadership appointments and the results of the Annual General Meeting, where shareholders vote on the election or re-election of directors. These announcements provide context on the bank’s executive team, board composition and risk and finance leadership roles.
Because Butterfield operates across multiple jurisdictions, its news flow can also include information related to regulatory frameworks, such as the adoption of the Basel Committee’s revised standardized approach for credit risk as required by the Bermuda Monetary Authority. Bookmark this page to access an organized feed of NTB news, from earnings releases and capital actions to leadership and governance updates.
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.
The Bank of N.T. Butterfield & Son Limited (NYSE: NTB) reported net income of $41.6 million for Q1 2021, up from $40.3 million in Q1 2020. Core net income also increased to $41.6 million, yielding a diluted EPS of $0.83. However, net interest income fell to $74.9 million, down $12.7 million year-over-year, attributed to lower market interest rates. The efficiency ratio slightly worsened to 64.8%. The bank declared a quarterly dividend of $0.44 per share, with total deposits rising to $13.4 billion. Capital ratios remained strong, enhancing shareholder confidence.
The Bank of N.T. Butterfield & Son Limited (NYSE: NTB) will announce its first quarter 2021 financial results on April 28, 2021, after the NYSE closes. Investors can join the earnings call on April 29, 2021, at 10:00 a.m. Eastern Time via toll-free dial-in or international numbers. A live audio webcast will be available on Butterfield's investor relations website, with a replay accessible for 12 months post-call. The bank provides comprehensive banking and wealth management services across various jurisdictions, including Bermuda and the UK.