NTB Earnings Prediction
The chart below shows how NTB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NTB sees a -2.09% change in stock price 10 days leading up to the earnings, and a -0.34% change 10 days following the report. On the earnings day itself, the stock moves by +0.44%. This data can give you a slight idea of what to expect for the next quarter's release.
NTB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
143.41M
1.27%
1.28%
Gross Margin
--
--
--
Operating Margin
38.31%
7.37%
3.32%
Net Margin
36.76%
6.80%
2.88%
EPS
1.16
17.17%
6.42%
No Data Available
NTB Earnings Analysis
The Bank of N.T. Butterfield & Son Limited Corporation (NTB.N) Earnings Conference Call
Positive
Strong Q3 Financial Results: Butterfield reported strong financial results in the third quarter with net income of $52.7 million and core net income of $52.8 million.
Core Earnings Performance: Core earnings per share were reported at $1.16 with a core return on average tangible common equity of 22.5% in the third quarter.
Net Interest Margin Decline: The net interest margin was 2.61% in the third quarter, a decrease of three basis points from the prior quarter, with the cost of deposits rising two basis points to 191 basis points from the prior quarter.
Quarterly Cash Dividend Approval: The board has approved a quarterly cash dividend of $0.44 per share.
Share Repurchase Activity: During the quarter, the company continued to repurchase shares, purchasing a total of 1 million shares at an average price of $37 per share.
Negative
Net Interest Margin Decline: The net interest margin was 2.61% in the third quarter, a decrease of three basis points from the prior quarter with the cost of deposits rising two basis points to 191 basis points from the prior quarter.
Net Interest Margin Decline: The net interest margin was marginally lower than the prior quarter due to smaller deposit cost increases, which outpaced asset repricing slightly.
Quarterly Cash Dividend Approval: The board has again approved a quarterly cash dividend of $0.44 per share.
Share Repurchase Activity: We also continued to repurchase shares during the quarter, purchasing a total of 1 million shares at an average price of $37 per share.
Net Interest Income Report: The net interest income before provision for credit losses of $88.1 million.
NTB FAQs
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NTB Earning Call Sentiment
The Bank of N.T. Butterfield & Son Limited (NTB) Q3 2024 Earnings Call Transcript
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NTB.N
2.85%Positive
The earnings call summary indicates a solid financial performance with a net income of $52.7 million and a positive core return on equity. The bank's strategic focus on dividends and share repurchases, along with a steady balance sheet, contributes positively. Despite some risks like credit quality concerns and deposit outflows, the Q&A reveals optimism with a strong trust business and manageable deposit costs. The market cap suggests moderate sensitivity, leading to a positive stock price movement prediction of 2% to 8% over the next two weeks.
