Butterfield Q2 revenue misses estimates

Bank of NT Butterfield & Son

28/07/2025 21:41

Overview

Butterfield Q2 revenue missed analyst expectations

Co's adjusted EPS beat estimates, per LSEG data

Company increased quarterly cash dividend by 14% to $0.50 per share

Butterfield authorized new share repurchase program for up to 1.5 mln shares

Result Drivers

FOREIGN EXCHANGE REVENUE - Volume-driven decrease in foreign exchange revenue impacted net income,

CREDIT LOSSES - Higher allowance for credit losses contributed to a decline in core net income, per CEO Michael Collins

INTEREST INCOME - Marginal increase in net interest income due to lower cost of deposits and higher yield on investments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$146.30 mln
$146.90 mln (4 Analysts)
Q2 Adjusted EPS
Beat
$1.26
$1.25 (4 Analysts)
Q2 Adjusted Net Income
$53.70 mln
Q2 Net Income
$53.30 mln
Q2 Net Interest Income
$89.40 mln
Q2 Credit Loss Allowance
-$25.70 mln
Q2 Dividend
$0.5
Q2 Pretax Profit
$54.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

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

Wall Street's median 12-month price target for Bank of NT Butterfield & Son Ltd is $51.50, about 13.8% above its July 25 closing price of $44.37

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw5JdNlKa

(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.)