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

Bank of NT Butterfield & Son

24/04/2023 23:30

* Bank of N T Butterfield & Son Ltd  NTB.N  reported
quarterly
adjusted earnings of $1.24​​ per share for the quarter ended in
March. The mean expectation of five analysts for the quarter was
for earnings of $1.16 per share.
    * Revenue rose 15.9% to $147.50 million from a year ago;
analysts
expected $146.06 million. 
    * Bank of N T Butterfield & Son Ltd's reported EPS for the
quarter
was $1.24​.
    * The mean earnings estimate of analysts had risen by
about 5.6%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Bank of N T Butterfield & Son Ltd shares had fallen
by 5.0% this
quarter and lost 14.0% so far this year.
    * The company reported quarterly net income of $62.2
million.
    * Wall Street's median 12-month price target for Bank of N T
Butterfield & Son Ltd is $36.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
April 24 at 10:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.16           1.24           Beat
 Dec. 31 2022      1.15           1.26           Beat
 Sep. 30 2022      1.11           1.15           Beat
 Jun. 30 2022      0.93           0.99           Beat