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Bank of N.T. Butterfield & Son (NTB)
NYSE:NTB
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.18Last Year’s EPS
1.09Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 2.82%
|Next Earnings Date:Jul 28, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, strategic expansions, and effective cost management. However, challenges such as decreased noninterest income, deposit outflows, and economic uncertainties were also noted. The positive aspects slightly outweigh the negative, indicating confidence in the company's future plans.Company Guidance
During the first quarter of 2025, The Bank of N.T. Butterfield & Son Limited reported strong financial results, including a net income of $53.8 million and core net income of $56.7 million. The bank achieved core earnings per share of $1.30 and a core return on average tangible common equity of 24.2%. The net interest margin increased to 2.7%, reflecting a nine basis point improvement from the previous quarter, while the cost of deposits decreased by 13 basis points to 160 basis points. The bank's board approved a quarterly cash dividend of $0.44 per share, and Butterfield repurchased 1.1 million shares at an average price of $37.78 per share. Noninterest income totaled $58.4 million, with a fee income ratio of 394%, despite a seasonal decline from the previous quarter. Butterfield maintained a conservative balance sheet with $12.6 billion in deposits and a low-risk density of 30%. The bank's asset quality remained strong, with 2.3% of gross loans and an allowance for credit losses coverage ratio of 0.6%. The bank's expenses were well-managed, with core noninterest expenses at $90.3 million, and it implemented a group-wide voluntary early retirement program to further reduce costs.Strong Financial Results
Butterfield reported net income of $53.8 million and core net income of $56.7 million for Q1 2025, with core earnings per share of $1.30 and a core return on average tangible common equity of 24.2%.
Net Interest Margin Improvement
The net interest margin increased by nine basis points to 2.7% compared to the prior quarter.
Successful Early Retirement Program
A group-wide voluntary early retirement program was successfully executed, resulting in a moderate reduction in future expenses.
Share Buyback and Dividend
The company repurchased 1.1 million shares at an average price of $37.78 per share and approved a quarterly cash dividend of $0.44 per share.
Asset Quality and Regulatory Capital
Butterfield maintains a low-risk investment portfolio, with a regulatory capital ratio improvement of 1.9% due to Basel IV rule changes.
Channel Islands and Singapore Expansion
Growth in retail presence in the Channel Islands and successful integration of Credit Suisse in Singapore, with over $10 billion in assets under trust.
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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 |
|---|---|---|---|
| Apr 23, 2025 | $38.30 | $39.10 | +2.09% |
| Feb 10, 2025 | $37.01 | $40.25 | +8.75% |
| Oct 22, 2024 | $37.00 | $37.07 | +0.19% |
| Jul 22, 2024 | $38.13 | $37.86 | -0.71% |
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 Jul 28, 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 Jul 28, 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 2025 (Q2) is 1.18.
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