Tag: #BankOfButterfield

Butterfield Bank Q2 2015 Core Earnings: $27.8M

Butterfield Bank Q2 2015 Core Earnings: $27.8M

The Bank of N.T. Butterfield & Son Limited has announced core earnings for the second quarter, which ended June 30, of $27.8 million, an improvement of $1.8 million compared to $26.0 million earned in the same quarter a year ago. The core cash return on average tangible common equity for the second quarter improved to 18.4% in 2015, compared to... Read more of this article

Butterfield Group Shortlisted For STEP Award

Butterfield Group Shortlisted For STEP Award

The Society of Trust and Estate Practitioners [STEP], the worldwide professional association for practitioners dealing with family inheritance and succession planning, has shortlisted Butterfield Group as a contender for Trust Company of the Year in its 2015/16 Private Client Awards. The Private Client Awards highlight excellence among private client... Read more of this article

Bank Back In Business, Staff In Strong Spirits

Bank Back In Business, Staff In Strong Spirits

While the Bank of Butterfield’s staff are shaken up by yesterday’s armed robbery, their spirits are strong, and the east end bank branch is back in business today. Just past noon yesterday [June 9] there was an armed robbery at the Butterfield Bank in St. George’s, with a man entering the bank brandishing what appeared to be a gun, demanded... Read more of this article

Fitch Affirms Bank Of Butterfield’s Ratings

Fitch Affirms Bank Of Butterfield’s Ratings

Fitch Ratings has affirmed Bank of N.T. Butterfield & Son Limited’s [BNTB] Long-term Issuer Default Rating [IDR] at ‘A-’ and Viability Rating [VR] at ‘bbb-’. The Rating Outlook is Negative. The Outlook reflects Fitch’s evolving views of sovereign support. “As mentioned in the RAC dated June 09, 2014, Fitch... Read more of this article

Butterfield Evaluating International Stock Listing

Butterfield Evaluating International Stock Listing

Mr. Brendan McDonagh, Chairman & Chief Executive Officer of The Bank of N.T. Butterfield & Son Limited, said that, following the share buy-back from CIBC in April 2015, Butterfield “continues to focus on the next stage of its development, building on its record of profitability and prudent capital position.” “In that context,... Read more of this article

Butterfield Bank Hosts America’s Cup Trophy

Butterfield Bank Hosts America’s Cup Trophy

The Bank of N.T. Butterfield & Son Limited’s Reid Street Banking Centre played host to the America’s Cup trophy today [May 15] between 12.00pm and 12.30pm, with the public invited to stop by and “snap a selfie with the oldest trophy in international sport.” The Bank of Butterfield was named the Official Bermuda Bank of the 2017... Read more of this article

S&P Move Bank Of Butterfield ICR To ‘BBB’

S&P Move Bank Of Butterfield ICR To ‘BBB’

Standard & Poor’s Ratings Services said it lowered its long-term issuer credit rating [ICR] and senior unsecured debt rating on the Bank of N.T. Butterfield & Son, Ltd. [BNTB] to ‘BBB’ from ‘BBB+’. At the same time, Standard & Poor’s affirmed its ‘A-2′ short-term ICR on the bank. The outlook... Read more of this article

AC: Butterfield Named Official Bermuda Bank

AC: Butterfield Named Official Bermuda Bank

The Bank of N.T. Butterfield & Son Limited has been named the Official Bermuda Bank of the 2017 America’s Cup. Butterfield will provide banking services to the America’s Cup Event Authority [ACEA] and Oracle Team USA. Brendan McDonagh, Butterfield’s Chairman & Chief Executive Officer said, “Butterfield is honoured to have been named... Read more of this article

Butterfield To Repurchase Shares From CIBC

Butterfield To Repurchase Shares From CIBC

The Bank of N.T. Butterfield & Son Limited today announced that it has reached an agreement with Canadian Imperial Bank of Commerce [CIBC] to repurchase for cancellation the majority of CIBC’s shareholding in Butterfield. CIBC was part of the group of institutional investors that injected $550 million of new capital into Butterfield in March... Read more of this article

Butterfield Earnings Increase To $29 Million

Butterfield Earnings Increase To $29 Million

The Bank of N.T. Butterfield & Son Limited today [April 27] announced core earnings for the first quarter ended 31 March 2015 of $29.0 million, an improvement of $5.8 million compared to $23.2 million earned in the same quarter a year ago. The core cash return on average tangible common equity for the first quarter improved to 16.7% in 2015, compared... Read more of this article

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