Bank of N.T. Butterfield & Son (NTB) has released an update.
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The Bank of N.T. Butterfield & Son reported stable first-quarter earnings in 2024, with a net income of $53.4 million, or $1.13 per share, and a core net income of $55.0 million, or $1.17 per share. Despite a slight decrease in net interest margin and non-interest income compared to the previous quarter, the Bank declared a consistent dividend of $0.44 per share. The results reflect Butterfield’s robust balance sheet and efficient capital management, with anticipated continued profitability across economic cycles.
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