Butterfield Reports Second Quarter 2020 Results
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BANK OF N.T. BUTTERFIELD & SON LTD (NTB) Tops Q2 EPS by 15c
July 22, 2020 4:36 PM EDTBANK OF N.T. BUTTERFIELD & SON LTD (NYSE: NTB) reported Q2 EPS of $0.67, $0.15 better than the analyst estimate of $0.52.
Financial highlights for the second quarter of 2020:
Net income of $34.3 million, or $0.67 per share and core net income1 of $34.4 million, or $0.67 per shareReturn on average common equity of 14.0% and core return on average tangible common equity1 of 15.5%Net interest margin of 2.48%Credit reserve build of $4.4 millionBoard declares a quarterly dividend of $0.44 per... More