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Bank of N.T. Butterfield & Son Q1 Core Earnings, Revenue Fall; Quarterly Dividend Maintained
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Bank of N.T. Butterfield & Son Q1 Core Earnings, Revenue Fall; Quarterly Dividend Maintained
Apr 23, 2024 3:14 PM

05:50 PM EDT, 04/23/2024 (MT Newswires) -- Bank of N.T. Butterfield & Son ( NTB ) reported Q1 core earnings late Tuesday of $1.17 per diluted share, down from $1.24 a year earlier.

Four analysts polled by Capital IQ expected $0.97.

Revenue, expressed as the sum of net interest income and total noninterest income, fell to $142.2 million in the quarter ended March 31 from $147.5 million a year earlier.

Analysts surveyed by Capital IQ expected $137.3 million.

The company maintained its quarterly dividend at $0.44 per share, payable on May 21 to shareholders of record on May 7.

Shares of the company climbed 3.2% in after-hours activity.

Price: 33.05, Change: +1.02, Percent Change: +3.18

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