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

Bank of NT Butterfield & Son

23/04/2024 22:52

* Bank of NT Butterfield & Son Ltd  NTB.N  reported
quarterly
adjusted earnings of $1.13​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of $1.24.  The mean expectation of five analysts
for the quarter was for earnings of 97 cents per share. Wall
Street expected results to range from 92 cents to 99 cents per
share.
    * Revenue fell 3.2% to $142.80 million from a year ago;
analysts
expected $137.32 million. 
    * Bank of NT Butterfield & Son Ltd's reported EPS for the
quarter
was $1.13​.
    * The company reported quarterly net income of $53.4
million.
    * Bank of NT Butterfield & Son Ltd shares had fallen by 0.5%
this
quarter and lost 0.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 NT
Butterfield & Son Ltd is $35.00 
This summary was machine generated from LSEG data April 23 at
09:52 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
 Mar. 31 2024      0.97           1.13           Beat
 Dec. 31 2023      1.11           1.11           Met
 Sep. 30 2023      1.13           0.99           Missed
 Jun. 30 2023      1.16           1.22           Beat