Hashtag: #BankOfButterfield
Butterfield Cautions Shareholders About Offer
The Bank of Butterfield confirmed it “has been notified of an unsolicited offer made by New York Stock and Bond LLC to purchase up to 50,000 of Butterfield’s ordinary shares, or approximately 0.1% of shares outstanding, at a price of $21.00 per share” and cautioned “shareholders that the mini-tender offer has been made at a price... Read more of this article
Butterfield: No Share Repurchases In June 2022
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of June 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of Butterfield Notice Of Share Ownership Butterfield... Read more of this article
Butterfield Opens Graduate Talent Programme
Butterfield has announced that it is now accepting applications to its Graduate Talent Programme via its website. A spokesperson said, “The programme is distinct from previous iterations in that it is open not only to university graduates but also to bright, talented and ambitious candidates who may have chosen a different path and have work experience... Read more of this article
Following US Change, Butterfield Adjusts Rates
The Bank of Butterfield announced that “in response to today’s 75 basis point increase in the US Federal Funds Rate, it is adjusting its interest rates on loans and selected deposits by half a percentage point, absorbing a third of the rise.” A spokesperson said, “The base rate for Bermuda dollar residential mortgages, consumer... Read more of this article
Butterfield: No Share Repurchases In May 2022
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of May 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of Butterfield Notice Of Share Ownership Butterfield... Read more of this article
Butterfield Bank General Meeting Voting Results
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced the results of the Shareholders’ vote at the Bank’s Annual General Meeting held in virtual format on May 25th. The filing stated: “Each of the proposals numbered 1 through 4 on the Meeting Agenda was approved by the requisite vote, including the... Read more of this article
Butterfield: No Share Repurchases In April 2022
In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of April 2022, the Bank did not repurchase Common Shares for cancellation. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of Butterfield Notice Of Share Ownership Butterfield... Read more of this article
Bank Of Butterfield Adjusts Interest Rates
The Bank of Butterfield announced that, in response to yesterday’s 50 basis point increase in the US Federal Funds Rate, it is adjusting its interest rates on loans and selected deposits. A spokesperson said, “The base rate for Bermuda dollar residential mortgages, consumer loans, corporate loans and USD loans will increase by 0.50%. The rate increase... Read more of this article
Butterfield Reports First Quarter 2022 Results
The Bank of Butterfield announced financial results for the first quarter ended March 31, 2022. Net income for the first quarter of 2022 was $44.4 million or $0.89 per diluted common share compared to net income of $41.7 million, or $0.84 per diluted common share, for the previous quarter and $41.6 million, or $0.83 per diluted common share, for the... Read more of this article
Butterfield Bank Promote Schrum & Bridgewater
The Bank of Butterfield announced that Michael Schrum has been promoted to President and Group Chief Risk Officer, and Craig Bridgewater has been promoted to Group Chief Financial Officer and joins the Executive Committee. A spokesperson said, “Mr. Schrum, who has served as Group Chief Financial Officer since 2015 and an Executive Director since... Read more of this article
Butterfield To Sponsor 2022 Harbour Nights
The Bermuda Chamber of Commerce is welcoming Butterfield as a lead sponsor of Harbour Nights 2022. A spokesperson said, “The Bermuda Chamber of Commerce is delighted to welcome Butterfield once again as a lead sponsor of Harbour Nights 2022, which starts on Wednesday, June 1st, from 7 p.m. to 10 p.m. and will run for fourteen weeks through to August... Read more of this article
Butterfield Share Repurchases For March 2022
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of March 2022, the Bank repurchased for cancellation 24,000 Common Shares at an average price of $36.28 per share. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of... Read more of this article
Butterfield Holds Rates Steady After Fed Increase
The Bank of N.T. Butterfield announced it will not increase interest rates in response to today’s 25 basis point increase in the US Federal Funds Rate. “The base rate for Bermuda dollar residential mortgages, consumer loans, corporate loans and USD loans all remain unchanged,” the bank said. Related Stories Butterfield Annual General... Read more of this article
Butterfield Share Repurchases For February 2022
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of February 2022, the Bank repurchased for cancellation 38,000 Common Shares at an average price of $38.77 per share. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank... Read more of this article
Butterfield Reports Q4 & Full Year 2021 Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the fourth quarter and year ended December 31, 2021. A spokesperson said, “Net income for the year ended December 31, 2021 was $162.7 million, or $3.26 per diluted common share, compared to $147.2 million, or $2.90 per diluted common share, for the year ended December... Read more of this article
Butterfield Share Repurchases For January 2022
In a filing with the Bermuda Stock Exchange, The Bank of N.T. Butterfield & Son Limited advised that during the month of January 2022, the Bank repurchased for cancellation 40,000 Common Shares at an average price of $38.76 per share. Related Stories Butterfield Share Repurchases For March 2024 Butterfield Share Repurchases For Feb 2024 Bank Of... Read more of this article
