Bank of NT Butterfield & Son (NTB) has released an update.
Butterfield Reports Second Quarter 2024 Results with a net income of $50.6 million, or $1.09 per share, and a return on average common equity of 20.7%. The quarter also saw the appointment of Stephen E. Cummings as Independent Director and the Board’s approval of a new share repurchase authorization for up to 2.1 million common shares. Declaring a quarterly dividend of $0.44 per share and a share repurchase in Q2, Butterfield maintains a strong capital return policy amid a challenging economic environment.
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