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Bank of N.T. Butterfield & Son (NTB)
NYSE:NTB
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Earnings Data
Report Date
Feb 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.15Last Year’s EPS
1.11Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: -5.21%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
Butterfield demonstrated strong financial performance with increased net income, stable noninterest income, and successful capital management. However, challenges such as decreased net interest margin and credit quality concerns persist. The trust business growth, particularly in Singapore, is a positive outlook for the company.Company Guidance
During the third quarter 2024 earnings call for The Bank of N.T. Butterfield & Son Limited, several key metrics and guidance points were highlighted. The bank reported a net income of $52.7 million and core net income of $52.8 million, with core earnings per share of $1.16 and a core return on average tangible common equity of 22.5%. The net interest margin stood at 2.61%, slightly down by 3 basis points due to rising deposit costs, which increased by 2 basis points to 191 basis points. Despite this, the bank maintained a quarterly cash dividend of $0.44 per share and repurchased 1 million shares at an average price of $37. Noninterest income rose modestly to $56 million, driven by increased card volume and loan repayment fees, while core noninterest expenses decreased by 1.8% to $88.6 million. The balance sheet remained strong, with period-end deposits at $12.7 billion and a low-risk density of 33.2%. The bank also emphasized its focus on capital management, mentioning its strategic approach to share repurchases, dividends, and potential acquisitions, given its robust capital position.Strong Financial Results
Butterfield reported a net income of $52.7 million and core net income of $52.8 million with core earnings per share of $1.16 and a core return on average tangible common equity of 22.5%.
Stable Noninterest Income
Noninterest income totaled $56 million, a modest increase from the prior quarter, with a fee income ratio of 39.2%.
Successful Capital Management
The Board approved a quarterly cash dividend of $0.44 per share, and the company repurchased 1 million shares at an average price of $37 per share.
Improved Asset Quality
Net unrealized losses in the AFS portfolio improved by $59.7 million or 34% over the prior quarter.
Trust Business Growth
The trust business showed solid performance with significant growth in Singapore, becoming a top 5 trust company in the region.
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NTB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NTB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $37.43 | $37.50 | +0.19% |
| Jul 22, 2024 | $38.58 | $38.29 | -0.75% |
| Apr 23, 2024 | $30.87 | $32.44 | +5.09% |
| Feb 12, 2024 | $28.57 | $27.99 | -2.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bank of N.T. Butterfield & Son (NTB) report earnings?
Bank of N.T. Butterfield & Son (NTB) is schdueled to report earning on Feb 17, 2025, TBA Not Confirmed.
What is Bank of N.T. Butterfield & Son (NTB) earnings time?
Bank of N.T. Butterfield & Son (NTB) earnings time is at Feb 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NTB EPS forecast?
NTB EPS forecast for the fiscal quarter 2024 (Q4) is 1.15.
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