The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits, as well as certificate of deposits. The company's lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans. It also offers investment products and services; and cash and liquidity management, foreign exchange, custody administration, and settlement services. In addition, the company provides personal and property/auto insurance products; letters of credit; and cash management, payroll, remote banking, money market, advisory, brokerage, trust, estate, company management, private banking, administered banking services, and fiduciary services. Further, it offers debit cards; automated teller machines; and personal and business deposit, merchant acquiring, and mobile and internet banking services. The company operates through offices in the Cayman Islands, Guernsey, Jersey, the United Kingdom, The Bahamas, Switzerland, Singapore, Mauritius, and Canada, as well as through 3 branches in Bermuda and 4 branches in the Cayman Islands. The Bank of N.T. Butterfield & Son Limited was founded in 1858 and is headquartered in Hamilton, Bermuda.
IPO Year: 2016
Exchange: NYSE
Website: butterfieldgroup.com
| 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)
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)
6-K - Bank of N.T. Butterfield & Son Ltd (0001653242) (Filer)
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6-K - Bank of N.T. Butterfield & Son Ltd (0001653242) (Filer)
F-3ASR - Bank of N.T. Butterfield & Son Ltd (0001653242) (Filer)
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
Goldman Sachs reiterated coverage of Bank of N.T Butterfield with a rating of Buy and set a new price target of $49.00 from $40.00 previously
Wells Fargo reiterated coverage of Bank of N.T Butterfield with a rating of Equal-Weight and set a new price target of $38.00 from $36.00 previously
Raymond James reiterated coverage of Bank of N.T Butterfield with a rating of Outperform and set a new price target of $38.00 from $41.00 previously
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.
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
The Bank of N.T. Butterfield & Son Limited ("Butterfield") (NYSE:NTB, BSX: NTB.BH))) will release second quarter 2024 financial results following the close of the New York Stock Exchange on Monday, July 22, 2024. Earnings conference call: Tuesday, July 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 https:/
The Bank of N.T. Butterfield & Son Limited ("the Bank") (BSX: NTB.BH) (NYSE:NTB) announced the results of the Shareholders' vote at the Bank's Annual General Meeting held in virtual format yesterday (May 8, 2024). Each of the proposals numbered 1 through 3 on the Meeting Agenda was approved by the requisite vote, including the re-election of Michael Collins, Alastair Barbour, Sonia Baxendale, Mark Lynch, Ingrid Pierce, Jana Schreuder, Michael Schrum and John Wright as Directors. About Butterfield: Butterfield is a full-service bank and wealth manager headquartered in Hamilton, Bermuda, providing services to clients from Bermuda, the Cayman Islands, Guernsey and Jersey, where our princ
Financial highlights for the first quarter of 2024: Net income of $53.4 million, or $1.13 per share, and core net income1 of $55.0 million, or $1.17 per share Return on average common equity of 21.5% and core return on average tangible common equity1 of 24.5% Net interest margin of 2.68%, cost of deposits of 1.78% Board declares dividend for the quarter ended March 31, 2024 of $0.44 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 March 31, 2024. Net income for the first quarter of 2024 was $53.4 million, or $1.13 per diluted common share, compared to net in
The Bank of N.T. Butterfield & Son Limited ("Butterfield") (NYSE:NTB, BSX: NTB.BH))) will release first quarter 2024 financial results following the close of the New York Stock Exchange on Tuesday, April 23, 2024. Earnings conference call: Wednesday, April 24, 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 htt
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
Financial highlights for the fourth quarter of 2023: Net income of $53.5 million, or $1.11 per share, and core net income1 of $55.3 million, or $1.15 per share Return on average common equity of 22.5% and core return on average tangible common equity1 of 25.4% Net interest margin of 2.73%, cost of deposits of 1.72% Board declares dividend for the quarter ended December 31, 2023 of $0.44 per share Approved new share repurchase authorization for up to 3.5 million common shares Final close of acquisition of trust assets from Credit Suisse Financial highlights for the full year 2023: Net income of $225.5 million, or $4.58 per share, and core net income1 of $231.5 million
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
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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.
Raymond James analyst David Feaster reiterates Bank of N.T Butterfield (NYSE:NTB) with a Outperform and raises the price target from $32 to $36.
Piper Sandler analyst Alex Twerdahl reiterates Bank of N.T Butterfield (NYSE:NTB) with a Overweight and raises the price target from $34 to $38.
Bank of N.T Butterfield (NYSE:NTB) reported quarterly earnings of $1.17 per share which beat the analyst consensus estimate of $0.97 by 20.62 percent. This is a 5.65 percent decrease over earnings of $1.24 per share from the same period last year. The company reported quarterly sales of $142.800 million which beat the analyst consensus estimate of $137.323 million by 3.99 percent. This is a 2.86 percent decrease over sales of $147.000 million the same period last year.
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As the day concludes, Bank of N.T Butterfield (NYSE:NTB) is preparing to distribute a dividend payout of $0.44 per share, resulting in an annualized dividend yield of 5.99%. This payout is exclusive to investors who held the stock before the ex-dividend date on February 23, 2024. Bank of N.T Butterfield Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; }
What are Value Stocks? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Below is a list of notable value stocks in the financial services sector: Maiden Hldgs (NASDAQ:MHLD) - P/E: 7.57 Bank of N.T Butterfield (NYSE:NTB) - P/E: 6.58 Golub Capital BDC (NASDAQ:GBDC) - P/E: 8.52 Regions Finl (NYSE:RF) - P/E: 8.67 Ares Capital (NASDAQ:ARCC) - P/E: 7.55
Bank of N.T Butterfield (NYSE:NTB) reported its Q4 earnings results on Monday, February 12, 2024 at 04:30 PM. Here's what investors need to know about the announcement. Earnings Bank of N.T Butterfield beat estimated earnings by 3.6%, reporting an EPS of $1.15 versus an estimate of $1.11. Revenue was down $3.60 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.03 which was followed by a 2.41% drop in the share price the next day. ** Listen to the earnings announcement yourself by clicking here. ** To track all earnings releases for Bank of N.T Butterfield visit their earnings calendar here. This article was generated by Benzinga's
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
The Bank of N.T. Butterfield & Son Limited ("Butterfield") (NYSE:NTB, BSX: NTB.BH))) will release second quarter 2024 financial results following the close of the New York Stock Exchange on Monday, July 22, 2024. Earnings conference call: Tuesday, July 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 https:/
Financial highlights for the first quarter of 2024: Net income of $53.4 million, or $1.13 per share, and core net income1 of $55.0 million, or $1.17 per share Return on average common equity of 21.5% and core return on average tangible common equity1 of 24.5% Net interest margin of 2.68%, cost of deposits of 1.78% Board declares dividend for the quarter ended March 31, 2024 of $0.44 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 March 31, 2024. Net income for the first quarter of 2024 was $53.4 million, or $1.13 per diluted common share, compared to net in
The Bank of N.T. Butterfield & Son Limited ("Butterfield") (NYSE:NTB, BSX: NTB.BH))) will release first quarter 2024 financial results following the close of the New York Stock Exchange on Tuesday, April 23, 2024. Earnings conference call: Wednesday, April 24, 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 htt
Financial highlights for the fourth quarter of 2023: Net income of $53.5 million, or $1.11 per share, and core net income1 of $55.3 million, or $1.15 per share Return on average common equity of 22.5% and core return on average tangible common equity1 of 25.4% Net interest margin of 2.73%, cost of deposits of 1.72% Board declares dividend for the quarter ended December 31, 2023 of $0.44 per share Approved new share repurchase authorization for up to 3.5 million common shares Final close of acquisition of trust assets from Credit Suisse Financial highlights for the full year 2023: Net income of $225.5 million, or $4.58 per share, and core net income1 of $231.5 million
The Bank of N.T. Butterfield & Son Limited ("Butterfield") (NYSE:NTB, BSX: NTB.BH))) will release fourth quarter and full year 2023 financial results following the close of the New York Stock Exchange on Monday, February 12, 2024. Earnings conference call: Tuesday, February 13, 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 b
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2023. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). There are a num
The Bank of N.T. Butterfield & Son Limited ("Butterfield" or the "Bank") ((BSX: NTB.BH, NYSE:NTB) today announced that its Board of Directors has approved a $90 million ordinary share repurchase program ("the Share Repurchase Program") pursuant to which the Bank is authorized to purchase up to 3.5 million of its ordinary shares through December 31, 2024. Michael Collins, Chairman and Chief Executive Officer said: "I am pleased that the Board of Directors has approved a new Share Repurchase Program as the Bank continues to produce significant capital by generating strong risk adjusted returns. Since listing on the New York Stock Exchange in 2016, Butterfield has continued to provide shareh