Bank of NT Butterfield & Son (NTB) has released an update.
The Bank of N.T. Butterfield & Son has reported a net income of $52.7 million for the third quarter of 2024, marking an increase from the previous quarter and year-over-year. The bank’s return on average common equity stood at 20.3%, while its efficiency ratio improved to 60.3%, indicating better operational efficiency. Additionally, the bank declared a quarterly dividend of $0.44 per share and repurchased 1.0 million shares, reflecting its focus on shareholder returns.
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