BANK OF N.T. BUTTERFIELD & SON LTD (NTB) Tops Q1 EPS by 7c, Revenues Beat; Agrees to Acquire ABN AMRO Ltd. from ABN AMRO Group
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Butterfield Reports First Quarter 2019 Results and Announces Agreement to Acquire ABN AMRO (Channel Islands) Limited
April 25, 2019 6:00 AM EDTNet income of $52.1 million, or $0.96 per share; Core net income1 of $51.7 million, or $0.95 per share; Return on average common equity of 23.7%; core return on average tangible common equity1 of 25.6%; Board declares a dividend for the quarter ended March 31, 2019 of $0.44 per share; Completed integration and onboarding of clients and employees in Channel Islands from Deutsche Bank acquisition; Announced agreement today to acquire ABN AMRO (Channel Islands)... More
Butterfield to Acquire ABN AMRO (Channel Islands) Limited
April 25, 2019 6:00 AM EDTCombines Two Leading Banking Operations in Channel Islands
HAMILTON, Bermuda--(BUSINESS WIRE)-- The Bank of N.T. Butterfield & Son Limited (Butterfield) (NYSE: NTB) (BSX: NTB.BH), a leading offshore bank and trust company headquartered in Bermuda with significant operations in the Cayman Islands and Channel Islands, today announced that it has entered into a definitive agreement to acquire ABN AMRO (Channel Islands) Limited (ABN AMRO Channel Islands), the Channel Islands-based banking business of ABN AMRO Bank N.V. through its wholly owned subsidiary, Butterfield Bank (Guernsey) Limited, a company incorporated in Guernsey... More
