Earnings ·
The Bank of N.T. Butterfield & Son Limited reported second quarter 2026 net income of $46.9 million, or $1.16 per…
NTBBank of N.T. Butterfield & Son Ltd
The Bank of N.T. Butterfield & Son Limited reported second quarter 2026 net income of $46.9 million, or $1.16 per diluted share, down from $62.6 million in the prior quarter. Core net income reached $63.9 million, or $1.58 per diluted share, supported by higher net interest income and trust fees from the R&H Guernsey acquisition. The bank closed the R&H Guernsey acquisition and entered an agreement to acquire CIBC Caribbean, which is expected to close in the first half of 2027. Net interest margin was 2.74% and the core efficiency ratio was 57.0%. The company repurchased 0.3 million shares for $16.1 million during the period. The company is a full-service bank and wealth manager.