Butterfield Posts 3Q Adjusted EPS of $1.58
NTB sits 44% above its 52-week low of $41.705.
Summary
Butterfield reported third-quarter adjusted earnings of $1.58 per share, per Dow Jones Newswires, while its 3Q EPS came in at $1.50. The headline carries the EPS figures only, with no revenue, net income, or year-over-year comparison, so the beat-or-miss picture against consensus is not yet clear. This is the first quarterly print since the company's $1.8B CIBC Caribbean acquisition cleared its September 18 shareholder vote, making this the first report to show how the combined franchise is performing.
At the time of this announcement, NTB was trading at $60.15 on NYSE in the Finance sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $41.71 to $64.17. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.