Date: September 3, 2024 | THE BANK OF N.T. BUTTERFIELD & SON LIMITED | |||||||
By: | /s/ Simon Des-Etages | |||||||
Name: | Simon Des-Etages | |||||||
Title: | General Counsel and Group Chief Legal Officer |
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Exhibit | Description | |||||||
Butterfield Announces Senior Management Appointments |
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Date: September 3, 2024 | THE BANK OF N.T. BUTTERFIELD & SON LIMITED | |||||||
By: | /s/ Simon Des-Etages | |||||||
Name: | Simon Des-Etages | |||||||
Title: | General Counsel and Group Chief Legal Officer |
2 | ||
Exhibit | Description | |||||||
Butterfield Announces Senior Management Appointments |
3 | ||
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Date | Price Target | Rating | Analyst |
---|---|---|---|
10/2/2024 | $44.00 → $41.00 | Outperform → Mkt Perform | Keefe Bruyette |
7/7/2022 | $38.00 | Equal Weight → Overweight | Wells Fargo |
2/16/2022 | $38.00 → $44.00 | Outperform | Raymond James |
1/11/2022 | $40.00 → $49.00 | Buy | Goldman Sachs |
10/7/2021 | $36.00 → $38.00 | Equal-Weight | Wells Fargo |
7/29/2021 | $41.00 → $38.00 | Outperform | Raymond James |
6-K - Bank of N.T. Butterfield & Son Ltd (0001653242) (Filer)
6-K - Bank of N.T. Butterfield & Son Ltd (0001653242) (Filer)
6-K - Bank of N.T. Butterfield & Son Ltd (0001653242) (Filer)
Bank of N.T Butterfield (NYSE:NTB) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $1.05 by 5.71 percent. This is a 2.63 percent decrease over earnings of $1.14 per share from the same period last year. The company reported quarterly sales of $142.700 million which beat the analyst consensus estimate of $139.522 million by 2.28 percent. This is a 1.65 percent decrease over sales of $145.100 million the same period last year.
Goldman Sachs analyst Will Nance maintains Bank of N.T Butterfield (NYSE:NTB) with a Buy and raises the price target from $35 to $40.
Financial highlights for the third quarter of 2024: Net income of $52.7 million, or $1.16 per share, and core net income1 of $52.8 million, or $1.16 per share Return on average common equity of 20.3% and core return on average tangible common equity1 of 22.5% Net interest margin of 2.61%, cost of deposits of 1.91% Board declares dividend for the quarter ended September 30, 2024 of $0.44 per share Repurchases of 1.0 million common shares at an average price of $37.00 per share The Bank of N.T. Butterfield & Son Limited ("Butterfield" or the "Bank") ((BSX: NTB.BH, NYSE:NTB) today announced financial results for the quarter ended September 30, 2024. Net income for the third quarte
The Bank of N.T. Butterfield & Son Limited ("Butterfield") (NYSE:NTB, BSX: NTB.BH))) will release third quarter 2024 financial results following the close of the New York Stock Exchange on Tuesday, October 22, 2024. Earnings conference call: Wednesday, October 23, 2024 at 10:00 a.m. Eastern Time Dial-in information: +1 (844) 855 9501 (toll-free US) or +1 (412) 858 4603 (international) Conference ID: Butterfield Group Live audio webcast: A live audio webcast of the call can be accessed via Butterfield's investor relations page on Butterfield's website at https://www.butterfieldgroup.com/investor-relations/events-presentations Replay: An audio replay of the call will be available at http
Financial highlights for the second quarter of 2024: Net income of $50.6 million, or $1.09 per share, and core net income1 of $51.4 million, or $1.11 per share Return on average common equity of 20.7% and core return on average tangible common equity1 of 23.3% Net interest margin of 2.64%, cost of deposits of 1.89% Board declares dividend for the quarter ended June 30, 2024 of $0.44 per share Approved new share repurchase authorization for up to 2.1 million common shares Stephen E. Cummings appointed Independent Director The Bank of N.T. Butterfield & Son Limited ("Butterfield" or the "Bank") ((BSX: NTB.BH, NYSE:NTB) today announced financial results for the quarter end
Financial highlights for the third quarter of 2024: Net income of $52.7 million, or $1.16 per share, and core net income1 of $52.8 million, or $1.16 per share Return on average common equity of 20.3% and core return on average tangible common equity1 of 22.5% Net interest margin of 2.61%, cost of deposits of 1.91% Board declares dividend for the quarter ended September 30, 2024 of $0.44 per share Repurchases of 1.0 million common shares at an average price of $37.00 per share The Bank of N.T. Butterfield & Son Limited ("Butterfield" or the "Bank") ((BSX: NTB.BH, NYSE:NTB) today announced financial results for the quarter ended September 30, 2024. Net income for the third quarte
The Bank of N.T. Butterfield & Son Limited ("Butterfield") (NYSE:NTB, BSX: NTB.BH))) will release third quarter 2024 financial results following the close of the New York Stock Exchange on Tuesday, October 22, 2024. Earnings conference call: Wednesday, October 23, 2024 at 10:00 a.m. Eastern Time Dial-in information: +1 (844) 855 9501 (toll-free US) or +1 (412) 858 4603 (international) Conference ID: Butterfield Group Live audio webcast: A live audio webcast of the call can be accessed via Butterfield's investor relations page on Butterfield's website at https://www.butterfieldgroup.com/investor-relations/events-presentations Replay: An audio replay of the call will be available at http
The Bank of N.T. Butterfield & Son Limited ("Butterfield" or the "Bank") ((BSX: NTB.BH, NYSE:NTB) today announced the appointment of Andrew Burns to Chief Risk Officer, Cayman Islands. Sean Lee has been appointed Group Head of Human Resources and joins the Executive Committee. These appointments will take effect from 1 October 2024. Alexander Twerdahl has joined Butterfield to lead Strategy and Corporate Development for the Group with immediate effect. Mr. Burns, who has served as Group Head of Human Resources since 2020 and previously as Group Head of Internal Audit since 2016, takes responsibility for risk management in the Cayman Islands, subject to Government and regulatory approvals.
The Bank of N.T. Butterfield & Son Limited ("Butterfield" or the "Bank") ((BSX: NTB.BH, NYSE:NTB) today announced the appointment of Andrew Burns to Chief Risk Officer, Cayman Islands. Sean Lee has been appointed Group Head of Human Resources and joins the Executive Committee. These appointments will take effect from 1 October 2024. Alexander Twerdahl has joined Butterfield to lead Strategy and Corporate Development for the Group with immediate effect. Mr. Burns, who has served as Group Head of Human Resources since 2020 and previously as Group Head of Internal Audit since 2016, takes responsibility for risk management in the Cayman Islands, subject to Government and regulatory approvals.
The Bank of N.T. Butterfield & Son Limited ("Butterfield" or the "Bank") ((BSX: NTB.BH, NYSE:NTB) today announced the appointment of Simon Des-Etages to General Counsel and Group Chief Legal Officer effective March 18, 2024. Mr. Des-Etages succeeds Shaun Morris, who has served in the role for the last twelve years and made the decision to retire. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240315548238/en/Simon Des-Etages (Photo: Business Wire) Michael Collins, Chairman and Chief Executive Officer said: "On behalf of the Board and the Executive Team, we are pleased to welcome Simon to Butterfield and look forward to working w
The Bank of N.T. Butterfield & Son Limited ("Butterfield" or the "Bank") ((BSX: NTB.BH, NYSE:NTB) today announced the promotion of Michael Neff to Group Chief Operating Officer. Jody Feldman has been promoted to Managing Director of Bermuda and joins the Executive Committee. Kevin Dallas, already the Group Head of Marketing & Communications, will take on additional responsibility as Butterfield's Group Chief Experience Officer. Mr. Neff, who has served as Managing Director of Bermuda and International Wealth since 2018 having joined Butterfield in 2011 as Group Head of Asset Management, takes responsibility for operations and technology across the Group. Mr. Feldman, who has served as Hea
SC 13G/A - Bank of N.T. Butterfield & Son Ltd (0001653242) (Subject)
SC 13G/A - Bank of N.T. Butterfield & Son Ltd (0001653242) (Subject)
SC 13G/A - Bank of N.T. Butterfield & Son Ltd (0001653242) (Subject)
Keefe Bruyette downgraded Bank of N.T. Butterfield & Son from Outperform to Mkt Perform and set a new price target of $41.00 from $44.00 previously
Wells Fargo upgraded Bank of N.T. Butterfield & Son from Equal Weight to Overweight and set a new price target of $38.00
Raymond James reiterated coverage of Bank of N.T Butterfield with a rating of Outperform and set a new price target of $44.00 from $38.00 previously