Butterfield Reports Fourth Quarter and Full Year 2020 Results
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BANK OF N.T. BUTTERFIELD & SON LTD (NTB) Tops Q4 EPS by 13c, Revenues Beat
February 10, 2021 4:47 PM ESTBANK OF N.T. BUTTERFIELD & SON LTD (NYSE: NTB) reported Q4 EPS of $0.86, $0.13 better than the analyst estimate of $0.73. Revenue for the quarter came in at $125.3 million versus the consensus estimate of $121.9 million.
Financial highlights for the fourth quarter of 2020:
Net income of $42.1 million, or $0.84 per share, and core net income1 of $42.9 million, or $0.86 per shareReturn on average common equity of 16.9%, and core return on average tangible common equity1 of 19.0%Net interest margin of 2.25%, cost of deposits of 0.12%Board declares dividend for the quarter ended December 31, 2020 of $0.44... More