Bank of N.T. Butterfield & Son (NTB)
NYSE:NTB
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Earnings Data
Report Date
Jul 27, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.52Last Year’s EPS
1.25Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented solid core financial performance (strong profitability metrics, modest NIM expansion, disciplined capital returns and an accretive strategic acquisition) and reinforced a conservative balance sheet and credit profile. Headwinds noted include a QoQ decline in fee income, increased unrealized AFS losses, some short‑term past-due migration in London mortgages, and near-term integration costs from the Guernsey acquisition. Management expects NIM to be broadly stable with a slight positive bias and reiterated disciplined acquisition and cost management. Overall, the positives (robust profitability, capital returns, strategic acquisition and resilient asset quality) outweigh the identified challenges, which appear manageable and largely short-to-medium term.Company Guidance
Strong Earnings and Profitability
Reported net income of $62.6 million and core net income of $63.2 million; core earnings per share of $1.55 and core return on average common equity of 24.1% for Q1 2026.
Net Interest Income and NIM Improvement
Net interest income before provisions of $93.3 million (up $0.7 million QoQ). Net interest margin (NIM) increased 6 basis points to 2.75% vs prior quarter (exit March month ~2.70%); cost of deposits fell 13 basis points to 124 bps.
Capital Management and Shareholder Returns
Quarterly cash dividend maintained at $0.50 per share and continued share repurchases (800,000 shares repurchased for $42.4 million in the quarter). Tangible book value rose to $26.56 per share, up 0.6% QoQ. TCE/TA remains conservatively above the 6%–6.5% target range.
Strategic Acquisition Closed — Rollinson & Hunter (Guernsey)
Closed acquisition of Rollinson & Hunter Guernsey (approx. 50 staff, 71 client groups, ~$9 billion assets under trusteeship). Expected to add about £8 million–£10 million of annualized fee income and increase group assets under administration to ~$146 billion; described as low-risk, accretive and strategically additive to private trust capabilities.
Fee Business and Balance Sheet Position
Non-interest (fee) income totaled $62.6 million; fee income ratio 40.6% (down from 41.7% QoQ) but noted to compare favorably to historical peer averages. Balance sheet described as liquid and conservatively positioned with low risk density of 28.7%.
Asset Quality and Conservative Credit Profile
Credit performance characterized as strong: negligible net charge-offs, allowance for credit losses at 0.6% of total loans, loan book anchored by high-quality residential mortgages (71% full-recourse; ~80% LTV below 70%). Investment portfolio comprised of AA-or-higher U.S. Treasuries and agency securities.
Expense Management
Core non-interest expenses decreased QoQ driven by lower professional/outside services and technology/communications expenses; management reiterates disciplined cost control and targets a through-cycle efficiency ratio goal (~60%).
Loan Pipeline and Repricing Tailwinds
Pipeline described as healthy (particularly in Cayman). Reported incremental loan pricing: Bermuda new loans ~7%, Cayman ~6%, Channel Islands ~5%, with a weighted new origination yield around ~6%; expectation that reset of near-$1 billion in securities over the next year with ~1% tailwind will support NIM.
NTB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NTB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $56.10 | $54.61 | -2.66% |
Feb 09, 2026 | $52.90 | $52.29 | -1.16% |
Oct 28, 2025 | $41.17 | $43.45 | +5.52% |
Jul 28, 2025 | $43.09 | $44.31 | +2.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Bank of N.T. Butterfield & Son (NTB) report earnings?
Bank of N.T. Butterfield & Son (NTB) is schdueled to report earning on Jul 27, 2026, After Close (Confirmed).
What is Bank of N.T. Butterfield & Son (NTB) earnings time?
Bank of N.T. Butterfield & Son (NTB) earnings time is at Jul 27, 2026, After Close (Confirmed).
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What companies are reporting earnings today?
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What is NTB EPS forecast?
NTB EPS forecast for the fiscal quarter 2026 (Q2) is 1.52.