Bank of NT Butterfield & Son (NTB) has released an update.
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The Bank of N.T. Butterfield & Son Limited has announced a new $100 million share repurchase program, set to begin on January 1, 2025. This initiative allows the bank to buy back up to 2.7 million ordinary shares, aiming to support dividend payments, foster organic growth, and position itself for potential acquisitions. The repurchase program demonstrates Butterfield’s strategic approach to capital management amid changing market conditions.
For further insights into NTB stock, check out TipRanks’ Stock Analysis page.