Hashtag: #BermudaBanks
Butterfield Reports First Quarter 2024 Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended March 31, 2024. A spokesperson said, “Net income for the first quarter of 2024 was $53.4 million, or $1.13 per diluted common share, compared to net income of $53.5 million, or $1.11 per diluted common share, for the previous quarter and $62.2... Read more of this article
Butterfield Share Repurchases For March 2024
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of March 2024, repurchased for cancellation 338,313 Common Shares at an average price of $30.22 per share. Related Stories Butterfield Share Repurchases For Feb 2024 Bank Of Butterfield Notice Of Share Ownership Butterfield Share... Read more of this article
Clarien Bank Appoints Roger Brown As SVP
Clarien Bank announced the appointment of Roger Brown as Senior Vice President and Head of Commercial Banking, saying he will “provide strategic leadership and drive growth within Clarien’s Commercial Banking division. A spokesperson said, “Clarien Bank, a trusted and well-established financial institution in Bermuda, is excited to... Read more of this article
Butterfield Share Repurchases For Feb 2024
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of February 2024, repurchased for cancellation 399,269 Common Shares at an average price of $29.87 per share. Related Stories Butterfield Share Repurchases For March 2024 Bank Of Butterfield Notice Of Share Ownership Butterfield... Read more of this article
Bank Of Butterfield Notice Of Share Ownership
In a filing with the Bermuda Stock Exchange, The Bank of N.T Butterfield & Son Limited provided notice of shareholder ownership over 5%. The notice said, “Pursuant to BSX Regulation 6.14 [2] [ii] we write to notify the BSX that the following shareholders now hold 5% or more of the Bank’s outstanding ordinary shares: Blackrock Inc –... Read more of this article
Butterfield Reports Fourth Quarter 2023 Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter and year ended December 31, 2023. A spokesperson said, “Net income for the year ended December 31, 2023 was $225.5 million, or $4.58 per diluted common share, compared to $214.0 million, or $4.29 per diluted common share, for the year ended December... Read more of this article
Butterfield Share Repurchases For Jan 2024
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of January 2024, repurchased for cancellation 418,208 Common Shares at an average price of $30.98 per share. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of Butterfield... Read more of this article
Butterfield Senior Management Appointments
The Bank of Butterfield today [Jan 15] announced the appointment of Michael Neff as Group Chief Operating Officer, Jody Feldman as Managing Director and Kevin Dallas as Butterfield’s Group Chief Experience Officer. A spokesperson said, “The Bank of N.T. Butterfield & Son Limited today announced the promotion of Michael Neff to Group Chief... Read more of this article
Butterfield Share Repurchases For Dec 2023
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of December 2023, the Bank repurchased for cancellation 338,740 Common Shares at an average price of $31.44 per share. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank... Read more of this article
Butterfield Bank Share Repurchase Program
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that its Board of Directors has approved a $90 million ordinary share repurchase program pursuant to which the Bank is authorized to purchase up to 3.5 million of its ordinary shares through December 31, 2024 Michael Collins, Chairman and Chief Executive... Read more of this article
Clarien Donate Flowers To KEMH, Agape House
Clarien Bank donated flowers to King Edward VII Memorial Hospital [KEMH] and Agape House, with “aim to bring joy and hope to the patients, staff, and visitors of the hospital.” A spokesperson said, “Clarien Bank, one of the largest independent integrated financial services organisations in Bermuda, is pleased to announce its recent... Read more of this article
‘Provide Basic Banking Services To All Residents’
“We will legislate the requirement for licensed banks to have a duty to provide basic banking services to all residents,” Premier David Burt said today. This had been mentioned in the 2023 Throne Speech, which said, “In today’s digital age, the use of a bank account is a basic necessity for Bermudians. During this session, and similar... Read more of this article
Butterfield Reports Third Quarter 2023 Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended September 30, 2023. A spokesperson said, “Net income for the third quarter of 2023 was $48.7 million, or $0.99 per diluted common share, compared to net income of $61.0 million, or $1.22 per diluted common share, for the previous quarter and $57.4... Read more of this article
HSBC Bank To Close At 2pm On Thursday
HSBC Bermuda’s branches will close at 2:00pm on Thursday [Sept 14] due to Hurricane Lee. A spokesperson said, “Out of an abundance of caution due to the formation of Hurricane Lee, HSBC Bermuda’s branches will close at 2:00 pm tomorrow, September 14th. “Subject to the receipt of an all clear from the Bermuda Government and a post hurricane... Read more of this article
Clarien Bank Offices Will Close At 2pm Thursday
The Clarien Bank offices will close at 2pm on Thursday [Sept 14] due to Hurricane Lee. A spokesperson said, “For the safety and security of our clients and employees, please be advised that all Clarien Bank offices will close at 2pm on Thursday, September 14 and re-open at 12 noon Friday, September 15 pending a facility safety inspection due to... Read more of this article
Butterfield To Close At 2pm On Thursday
All Butterfield Banking Centres in Bermuda will be closing at 2pm on Thursday [Sept 14] due to Hurricane Lee. A spokesperson said, “Some ATM’s will be temporarily unavailable from tomorrow at 12 noon due to hurricane preparations – Collector’s Hill, Modern Mart, Somerset MarketPlace and Somerset Banking Centre. “At this time, Butterfield... Read more of this article
