Butterfield (NTB) Announces New Share Repurchase Program

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Go back to Butterfield (NTB) Announces New Share Repurchase Program

Butterfield Announces New Share Repurchase Program

December 9, 2024 4:30 PM EST

HAMILTON, Bermuda--(BUSINESS WIRE)-- The Bank of N.T. Butterfield & Son Limited ("Butterfield" or the "Bank") (BSX: NTB.BH; NYSE: NTB) today announced that its Board of Directors has approved a $100 million ordinary share repurchase program (the Share Repurchase Program) pursuant to which the Bank is authorized to purchase up to 2.7 million of its ordinary shares through December 31, 2025.

Michael Collins, Chairman and Chief Executive Officer said: I am pleased to announce a new share repurchase program for 2025. Our capital management priorities continue to focus on supporting a quarterly cash dividend, funding organic growth,... More