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) 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.
The Bank of N.T. Butterfield & Son Limited (NTB) reported a net income of $147.2 million for the year ended December 31, 2020, down from $177.1 million in 2019. Core net income decreased to $154.5 million, reflecting a core return on average tangible common equity of 17.3%. The Bank's efficiency ratio worsened to 67.6%. In Q4 2020, net income rose to $42.1 million, attributed to lower employment costs and improved non-interest income. Total assets increased to $14.7 billion, accompanied by a significant rise in deposit balances. A quarterly dividend of $0.44 was declared, payable March 10, 2021.
The Bank of N.T. Butterfield & Son Limited (NYSE: NTB) will announce its fourth quarter and full-year 2020 financial results on February 10, 2021, after the NYSE closes. An earnings conference call will take place on February 11, 2021, at 10:00 a.m. Eastern Time, accessible via dial-in or live audio webcast on Butterfield’s investor relations website. The company offers various banking and wealth management services across several jurisdictions, including Bermuda and the Cayman Islands, and is publicly traded under the symbol NTB.
The Bank of N.T. Butterfield & Son Limited (NYSE: NTB) announced the appointment of Sonia Baxendale to its Board as an Independent Director. Baxendale brings extensive leadership experience from her tenure at Canadian Imperial Bank of Commerce, overseeing significant retail banking and wealth management operations. Her current role as President and CEO of the Global Risk Institute enhances her insight into emerging financial risks. This appointment follows the departure of Leslie Godridge, who is stepping down to pursue other opportunities.
The Bank of N.T. Butterfield & Son Limited (NTB) reported Q3 2020 financial results, revealing a net income of $30.5 million, down from $34.3 million in Q2 2020 and $42.4 million in Q3 2019. Core net income rose to $36.5 million, showing resilience despite challenges. Net interest income decreased to $75.3 million, while non-interest income rose to $46.9 million. The efficiency ratio increased to 68.0%, reflecting cost management efforts. The bank declared a quarterly dividend of $0.44, demonstrating a commitment to shareholder returns amidst economic pressures.
The Bank of N.T. Butterfield & Son Limited (NTB) will announce its third quarter 2020 financial results on October 28, 2020, after the NYSE closes. A conference call is scheduled for October 29, 2020, at 10:00 a.m. ET, accessible via +1 (844) 855 9501 for the U.S. and +1 (412) 858 4603 internationally. Investors can listen to a live audio webcast on Butterfield's investor relations website, with a replay available for 12 months post-call.
Butterfield is a full-service bank and wealth manager, offering diverse financial services across multiple regions.