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 (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.