BANK OF N.T. BUTTERFIELD & SON LTD (NTB) Tops Q1 EPS by 2c, Beats on Revenues

BANK OF N.T. BUTTERFIELD & SON LTD (NYSE: NTB) reported Q1 EPS of $0.81, $0.02 better than the analyst estimate of $0.79. Revenue for the quarter came in at $122 million versus the consensus estimate of $116.96 million.

• Net income of $44.2 million, or $0.79 per share;
• Core net income1 of $45.0 million, or $0.81 per share;
• Return on average common equity of 21.8%; core return on average tangible common equity1 of 24.3%;
• Net interest margin of 3.05%;
• Return on average assets of 1.6%;
• Completed acquisition of Global Trust Solutions business from Deutsche Bank;
• Announced acquisition of Deutsche Bank\'s banking and custody business in the Cayman and Channel Islands;
• Board declared a dividend for the quarter ended March 31, 2018 of $0.38 per common share.

For earnings history and earnings-related data on BANK OF N.T. BUTTERFIELD & SON LTD (NTB) click here.

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