Bank of N.T. Butterfield & Son to Announce Quarterly Earnings on Tuesday
October 20, 2023
🌥️Trending News
On Tuesday, N.T. Butterfield & Son Bank ($NYSE:NTB) will announce their quarterly earnings results. This publication will be closely watched by investors and analysts looking to see how the Bank has been performing over the past three months. The Bank offers a wide range of services including retail banking, corporate banking, trust and fiduciary services, and wealth management.
It is one of the leading financial institutions in the Caribbean region and has operations in Bermuda, Cayman Islands, Bahamas, and Guernsey. With a strong track record of performance, analysts are expecting good numbers from the Bank’s quarterly earnings report which will be released on Tuesday.
Earnings
According to the report, the bank earned a total revenue of 7.65M USD, a 0.9% increase compared to the same period last year. Over the past three years, BANK OF N.T. BUTTERFIELD & SON’s total revenue has declined from 7.65M USD to 7.5M USD. This indicates that the bank is attempting to manage its expenses and increase its profitability. Investors hope that the release of the quarterly earnings report will provide insight into the bank’s current financial situation and whether it is growing or shrinking.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NTB. More…
| Total Revenues | Net Income | Net Margin |
| – | 243.74 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NTB. More…
| Operations | Investing | Financing |
| 270.62 | 1.36k | -1.21k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NTB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.51k | 12.56k | – |
Key Ratios Snapshot
Some of the financial key ratios for NTB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.2% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Market Price
The stock opened at $27.2 and closed at $28.0, an increase of 2.1% from the last closing price of $27.4. This was a positive development for the company as it signals investors’ confidence in its future prospects. It is expected that the company will continue to perform well in the coming quarters, and the release of its quarterly earnings will provide more insight into the company’s current financial status. Live Quote…
Analysis
As GoodWhale, we have analyzed BANK OF N.T. BUTTERFIELD & SON’s financials and based on our Star Chart, we have classified them as ‘cheetah’. This type of company typically has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Therefore, investors who prefer to do aggressive investing such as those who focus on capital appreciation or are looking for big returns may be drawn to this company. Furthermore, BANK OF N.T. BUTTERFIELD & SON has a health score of 10/10, which means that it is capable to safely ride out any crisis without the risk of bankruptcy. It is also strong in growth, dividend, and medium in profitability, asset. As such, investors who are willing to take on higher risk for potentially higher returns may find this company attractive. More…
Peers
There is intense competition between Bank of N.T Butterfield & Son Ltd and its competitors Sydbank A/S, Bankinter SA, Entie Commercial Bank. All four companies are striving to be the leading bank in their respective countries and regions. They all offer similar products and services, but each has its own unique selling proposition. Bank of N.T Butterfield & Son Ltd has a strong focus on private banking, while Entie Commercial Bank has a strong corporate banking offering. Bankinter SA has a strong digital banking offering, while Sydbank A/S has a strong focus on sustainable banking.
– Sydbank A/S ($OTCPK:SYANY)
Sydbank A/S is a leading provider of financial services in Denmark. The company has a market cap of 1.86B as of 2022. Sydbank A/S offers a wide range of banking and financial services to its clients, including personal and corporate banking, investment banking, asset management, and insurance. The company is headquartered in Copenhagen, Denmark.
– Bankinter SA ($OTCPK:BKIMF)
Bankinter SA is a Spanish bank with a market cap of 5.1B as of 2022. The company offers a wide range of banking products and services to retail, corporate, and institutional clients in Spain and Portugal. Bankinter has a strong focus on digitalization and innovation, and was one of the first banks in Spain to offer mobile banking and contactless payments. The bank has a network of over 750 branches and 4,500 employees.
– Entie Commercial Bank ($TWSE:2849)
Entie Commercial Bank is one of the largest banks in Taiwan with a market cap of 28.09B as of 2022. The company provides a wide range of banking and financial services to customers including loans, deposits, credit cards, and foreign exchange.
Summary
Bank of N.T. Butterfield & Son is set to release its quarterly earnings report on Tuesday. Investors have been waiting for this report as the company has a strong track record of consistent financial performance, with increasing revenues and net income every quarter for the past year. Analysts are expecting strong quarterly earnings results due to the company’s focus on efficiency and cost control.
The company’s balance sheet is also expected to show positive results, with good liquidity, strong capitalization, and low levels of debt. Investors will be watching closely to see if the company is able to maintain its growth trajectory or if any unfavorable conditions could dampen its performance in the coming quarters.
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