July 23, 2016 11:59 PM ET

Banks

Company Overview of The Bank of NT Butterfield & Son Limited

Company Overview

The Bank of N.T. Butterfield & Son Limited, a community bank, provides various specialized financial services. The company operates in six segments: Bermuda, Cayman, Guernsey, Switzerland, The Bahamas, and United Kingdom. It offers current and chequing accounts, savings accounts, call accounts, and fixed term deposits; personal loans, mortgages, home equity loans, and overdraft protection services; debit and credit cards; and Internet and automated teller machines banking services. The company also provides investment solutions and services, such as investment products, brokerage, and portfolio management services; home and contents, motor car and motorcycle, yacht and pleasure craft, credit...

65 Front Street

Hamilton,  HM 12

Bermuda

Founded in 1858

1,114 Employees

Phone:

441-295-1111

Fax:

441-292-4365

Key Executives for The Bank of NT Butterfield & Son Limited

The Bank of NT Butterfield & Son Limited does not have any Key Executives recorded.

The Bank of NT Butterfield & Son Limited Key Developments

The Bank of N.T. Butterfield & Son Limited (Butterfield) Appoints James Burr to Its Board as A Non-Executive Director

The Bank of N.T. Butterfield & Son Limited (Butterfield) announced that James Burr has been appointed to its Board as a Non-Executive Director with effect from 13 June 2016. Mr. Burr previously served on the Butterfield. Mr. Burr is a Managing Director at The Carlyle Group.

The Bank of N.T. Butterfield & Son Limited Announces Earnings Results for the First Quarter Ended March 31, 2016

The Bank of N.T. Butterfield & Son Limited announced earnings results for the first quarter ended March 31, 2016. For the quarter, core earnings were $36.0 million, an improvement of $7.0 million compared to $29.0 million earned in the same quarter a year ago. The core cash earnings per share increased $0.02 to $0.07 per share. The core cash return on average tangible common equity improved to 24.5% compared to 16.7% in the first quarter of 2015. Reported net income was $26.8 million or $0.05 per share on a fully diluted basis compared to $28.0 million or $0.04 per share on a fully diluted basis in the same quarter a year ago, down $1.2 million.

The Bank of NT Butterfield & Son Limited Declares Interim Dividend, Payable on May 27, 2016; Declares Preferred Quarterly Dividend, Payable on June 15, 2016

The Bank of NT Butterfield & Son Limited declared interim dividend of $0.01 per common share to be paid on May 27, 2016 to shareholders of record on May 13, 2016. The Board remains committed to a balanced capital return policy and declared quarterly dividends of $20 per share on the Bank’s 8% non-cumulative perpetual voting preference shares, to be paid on June 15, 2016 to preference shareholders of record on June 01, 2016.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
February 22, 2016
--
Merger/Acquisition
October 27, 2015
Bermuda Trust Company Limited
 

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