Bank of N.T. Butterfield & Son (NTB) Tops Q2 EPS by 5c

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Go back to Bank of N.T. Butterfield & Son (NTB) Tops Q2 EPS by 5c

Butterfield Reports Second Quarter 2023 Results

July 31, 2023 4:30 PM EDT

Financial highlights for the second quarter of 2023:

Net income of $61.0 million, or $1.22 per share, and core net income1 of $57.0 million, or $1.14 per share Return on average common equity of 25.9% and core return on average tangible common equity1 of 26.3% Net interest margin of 2.83%, cost of deposits of 1.27% Board declares dividend for the quarter ended June 30, 2023 of $0.44 per share Second closing of previously announced acquisition of Credit Suisse trust assets Completed early redemption of $75 million 2018 series of the Bank's subordinated... More