Bank of NT Butterfield & Son: 1Q Earnings Snapshot

Bank of NT Butterfield & Son: 1Q Earnings Snapshot

Associated Press

HAMILTON, Bermuda (AP) _ Bank of NT Butterfield & Son Ltd. (NTB) on Thursday reported first-quarter profit of $52.1 million.

The bank, based in Hamilton, Bermuda, said it had earnings of 96 cents per share. Earnings, adjusted for non-recurring gains, came to 95 cents per share.

The community bank posted revenue of $142.5 million in the period. Its revenue net of interest expense was $131.4 million, which fell short of Street forecasts.

Bank of NT Butterfield & Son shares have risen 19 percent since the beginning of the year. The stock has declined 23 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTB at https://www.zacks.com/ap/NTB