Bermuda's Bank of N.T. Butterfield beats Q4 revenue expectations

Bank of NT Butterfield & Son

09/02/2026 21:38

Overview

Bermuda-based bank's Q4 revenue rose, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company announced new share repurchase authorization for up to 3 mln shares

Outlook

Company authorized repurchase of up to 3.0 mln shares through December 2026

Butterfield focuses on growth through private trust and bank acquisitions

Result Drivers

NON-INTEREST INCOME - Increase driven by higher banking fees, trust income, and asset management fees

NET INTEREST INCOME - Benefited from lower deposit costs and higher yielding investment securities

CREDIT LOSSES - Lower provision for credit losses contributed to net income increase

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$159.10 mln
$153.49 mln (3 Analysts)
Q4 Adjusted EPS
Beat
$1.54
$1.47 (3 Analysts)
Q4 Adjusted Net Income
$63.80 mln
Q4 Net Income
$63.80 mln
Q4 Net Interest Income
$92.60 mln
Q4 Dividend
$0.50
Q4 Pretax Profit
$66 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "hold"

Wall Street's median 12-month price target for Bank of NT Butterfield & Son Ltd is $50.00, about 5.8% below its February 6 closing price of $53.08

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw2Wp5fYa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)