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The Bank of N.T. Butterfield & Son Limited (NTB) is a prominent full-service community bank and a provider of specialized international financial services. Established in 1858 as Bermuda’s first bank, Butterfield continues to play a pivotal role in the local economy. With its headquarters and largest operations based in Bermuda, Butterfield offers an extensive range of banking and wealth management services to its clients.
The Butterfield Group operates through three primary geographic segments: Bermuda, the Cayman Islands, the Channel Islands, and the United Kingdom. The bank’s core business encompasses retail and corporate banking, along with treasury activities within Bermuda and the Cayman Islands. These services are tailored to meet both individual and corporate financial needs.
In the realm of wealth management, Butterfield provides private banking, asset management, and personal trust services. These offerings are managed from its headquarters in Bermuda and subsidiary offices across the Bahamas, the Cayman Islands, Guernsey, Switzerland, and the United Kingdom. For corporate and institutional clients, Butterfield delivers comprehensive asset management and corporate trust services from its offices in Bermuda, the Bahamas, the Cayman Islands, and Guernsey.
As a publicly traded corporation, Butterfield’s shares are listed on the New York Stock Exchange under the symbol NTB. The majority of its revenue is derived from its operations in Bermuda and the Cayman Islands.
Recent achievements include a series of strategic partnerships and projects aimed at expanding its service offerings and enhancing client experience. Butterfield is committed to maintaining a strong financial condition, ensuring sustainable growth and value for its shareholders.
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.
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.
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