Butterfield rises on $100 mln share repurchase program

Bank of NT Butterfield & Son

10/12/2024 18:49

** Shares of Bermuda-based lender Bank of N.T. Butterfield &
Son  NTB.N  rise 3% to $38.13 
    ** NTB late Monday announced a $100 mln share repurchase
program wherein the bank is authorized to purchase up to 2.7 mln
shares through Dec. 31, 2025
    ** New share repurchase program comes into effect on Jan. 1
with the termination of current 2.1 mln shares buyback plan
announced in July      
    ** Repurchases under new program may be made in the open
market or through privately negotiated transactions — NTB    
    ** As of last close, NTB shares up 15.7% YTD


 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))