Bank of N T Butterfield & Son Ltd reports results for the quarter ended in December - Earnings Summary

Bank of NT Butterfield & Son

12/02/2024 22:38

* Bank of N T Butterfield & Son Ltd  NTB.N  reported
quarterly
adjusted earnings of $1.11​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.26.  The mean expectation of
five analysts for the quarter was for earnings of $1.11 per
share. Wall Street expected results to range from $1.07 
to $1.16 per share.
    * Revenue fell 3.1% to $144.90 million from a year ago;
analysts
expected $141.34 million. 
    * Bank of N T Butterfield & Son Ltd's reported EPS for the
quarter
was $1.11​.
    * The company reported quarterly net income of $53.5
million.
    * Bank of N T Butterfield & Son Ltd shares had fallen
by 8.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Bank of N T
Butterfield & Son Ltd is $35.00 
This summary was machine generated from LSEG data February 12 at
10:38 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.11           1.11           Met
 Sep. 30 2023      1.13           0.99           Missed
 Jun. 30 2023      1.16           1.22           Beat
 Mar. 31 2023      1.16           1.24           Beat