BANK OF N.T. BUTTERFIELD & SON LTD (NTB) Tops Q1 EPS by 6c
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Butterfield Reports First Quarter 2020 Results
April 30, 2020 4:30 PM EDTFinancial highlights for the first quarter of 2020:
Net income of $40.3 million, or $0.77 per share and core net income1 of $40.8 million, or $0.78 per share Return on average common equity of 16.6% and core return on average tangible common equity1 of 18.6% Net interest margin of 2.63% Credit quality metrics remain strong; CECL reserve build of $5.2 million Board declares a dividend of $0.44 per share Bank operational with COVID-19 action plan implementedHAMILTON, Bermuda--(BUSINESS WIRE)-- The Bank of N.T. Butterfield & Son Limited... More
