Hashtag: #BankOfButterfield
Butterfield Reports First Quarter 2023 Results
The Bank of Butterfield today announced financial results for the quarter ended March 31, 2023. A spokesperson said, “Net income for the first quarter of 2023 was $62.2 million, or $1.24 per diluted common share, compared to net income of $63.1 million, or $1.26 per diluted common share, for the previous quarter and $44.4 million, or $0.89 per... Read more of this article
Butterfield Share Repurchases For March 2023
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of March 2023, repurchased for cancellation 99,929 Common Shares at an average price of $31.05 per share. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts... Read more of this article
Butterfield To Upgrade Systems Over Holiday
Butterfield advised that an “upgrade to its existing banking systems is scheduled to take place during the upcoming public holiday weekend.” A spokesperson said, “Banking Centres and corporate client services will be closed on Friday, 7 April, in observance of Good Friday, and Butterfield Online will be unavailable from 4pm on Thursday,... Read more of this article
Butterfield Holds Rates After Fed Increase
The Bank of Butterfield announced that “it will not adjust its base interest rates on loans and mortgages in response to today’s 25 basis point increase in the target range of the US Federal Funds Rate.” A spokesperson said, “The base rate for Bermuda dollar residential mortgages, consumer loans, corporate loans and USD loans all remain... Read more of this article
Butterfield Share Repurchases For February 2023
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of February 2023, repurchased for cancellation 45,000 Common Shares at an average price of $36.63 per share. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts... Read more of this article
Apply For Butterfield’s Internship Programme
Butterfield’s 2023 Summer Internship Programme is now open to applications, with the company saying the “paid ten-week programme will see interns gain hands-on experience in the financial services industry and work alongside seasoned professionals in their fields.” A Butterfield spokesperson said, “During their time, they will undergo... Read more of this article
Butterfield Bank Common Share Dividend
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced their common share dividend. The full filing stated: “Pursuant to Regulations 6.15[1] and 6.20 of the BSX Listing Regulations Section IIA, we hereby notify the BSX that, effective 13 February 2023, the Board of Directors of the Bank approved the declaration... Read more of this article
Butterfield Reports Q4 & Full Year 2022 Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter and year ended December 31, 2022. A spokesperson said, “Net income for the year ended December 31, 2022 was $214.0 million, or $4.29 per diluted common share, compared to $162.7 million, or $3.26 per diluted common share, for the year ended December 31,... Read more of this article
Butterfield: No Share Repurchases In Jan 2023
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of January 2023, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts Rates Butterfield Banking Hours... Read more of this article
Butterfield Adjusts Rates Following Fed Increase
The Bank of N.T. Butterfield announced that “in response to today’s 25 basis point increase in the target range of the US Federal Funds Rate, it is adjusting its base interest rates on loans and mortgages by a quarter of a percentage point [0.25%].” A spokesperson said, “The change in base rates applies to Bermuda dollar residential... Read more of this article
Feb 13: Butterfield To Release Financial Results
The Bank of Butterfield will release their fourth quarter and full year 2022 financial results on February 13th. The company’s filing with the BSX said, “The Bank of N.T. Butterfield & Son Limited will release fourth quarter and full year 2022 financial results following the close of the New York Stock Exchange on Monday, February 13,... Read more of this article
Butterfield Scholarship Applications Open
Butterfield announced that the 2023 Bermuda Undergraduate Scholarship is open to applications. A spokesperson said, “Now in its 45th year, the scholarship is awarded annually to outstanding students in honour of the bank’s late Chairman, Sir Harry D. Butterfield. The scholarship is worth $30,000 and can be maintained for up to four years of full-time... Read more of this article
Butterfield Reid St Saturday Hours Suspended
The Bank of Butterfield’s Reid Street Saturday Banking hours “will be temporarily suspended until 4 March to allow time for annual training and infrastructure investment initiatives.” A spokesperson said, “We apologise for any inconvenience caused. To access your accounts, please use our Butterfield Online, ATM and mobile banking... Read more of this article
Butterfield: No Share Repurchases In Dec 2022
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of December 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts Rates Butterfield Banking... Read more of this article
Butterfield: No Share Repurchases In Nov 2022
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of November 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts Rates Butterfield Banking... Read more of this article
Butterfield Adjusts Rates Following Fed Increase
The Bank of N.T. Butterfield announced that “in response to today’s 50 basis point increase in the target range of the US Federal Funds Rate, it is adjusting its base interest rates on loans by a quarter of a percentage point [0.25%], absorbing half of the rise.” A spokesperson said, “The change in base rates applies to Bermuda dollar... Read more of this article
