N.T. Butterfield reports Q2 adjusted EPS $1.26, consensus $1.25

Reports Q2 revenue $146.3M, consensus $146.91M. Michael Collins, Butterfield’s Chairman and Chief Executive Officer, commented, “This strong second quarter performance underscores the consistency of our high risk-adjusted returns, supported by disciplined risk management and high-quality client relationships. Butterfield’s proven business model and sustained through-cycle profitability gives our Board the confidence to increase the quarterly cash dividend rate by 14% and authorize a new share repurchase program. As we rebalance our capital return strategy, we continue to evaluate selective, fee-based acquisition opportunities.”