Bank of NT Butterfield & Son (NTB) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this community bank is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in e ...

Company Overview - Bank of NT Butterfield & Son (NTB) currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [4] Price Performance - NTB shares have increased by 5.07% over the past week, outperforming the Zacks Banks - Foreign industry, which rose by 3.61% during the same period [6] - Over the last quarter, NTB shares have gained 7.09%, and over the past year, they have increased by 19%, while the S&P 500 has seen declines of -7.64% and gains of only 10.16% respectively [7] Trading Volume - The average 20-day trading volume for NTB is 186,561 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for NTB has been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $4.40 to $4.95 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions, indicating positive earnings momentum [10] Conclusion - Given the strong price performance, positive earnings outlook, and high momentum score, NTB is positioned as a promising investment opportunity [12]

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Q1 2025 Earnings Conference Call April 24, 2025 10:00 AM ET Company Participants Noah Fields - VP of IR Michael Collins - Chairman and CEO Craig Bridgewater - Group CFO Michael Schrum - President and Group Chief Risk Officer Conference Call Participants David Feaster - Raymond James Timur Braziler - Wells Fargo Securities Emily Lee - KBW Operator Good morning. My name is Michael, and I will be your conference operator today. At this time, I would like to ...

First Quarter 2025 The Bank of N.T. Butterfield & Son Limited Earnings Presentation April 24, 2025 Forward-Looking Statements Forward-Looking Statements: Certain of the statements made in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions estimates, intentions, and future performance, including, ...

Core Insights - Bank of NT Butterfield & Son reported quarterly earnings of $1.30 per share, exceeding the Zacks Consensus Estimate of $1.03 per share, and showing an increase from $1.17 per share a year ago, resulting in an earnings surprise of 26.21% [1] - The company achieved revenues of $147.8 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 6.56% and up from $142.2 million year-over-year [2] - The stock has gained approximately 3.9% since the beginning of the year, contrasting with the S&P 500's decline of -10.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.05 on revenues of $139.7 million, and for the current fiscal year, it is $4.40 on revenues of $567.9 million [7] - The estimate revisions trend for the company is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Banks - Foreign industry, to which Bank of NT Butterfield & Son belongs, is currently ranked in the top 7% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Financial Performance - Total net revenue for 2024 was reported at $14,231.4 million, with the Bermuda segment contributing 43.5% and the Cayman segment contributing 31.5%[431] - Net income for 2024 decreased by $9.2 million, or 4.1%, to $216.3 million from $225.5 million in 2023, primarily due to rising deposit costs and higher non-interest expenses[452] - Net revenue for 2024 was $581.2 million, a slight increase of $1.9 million (0.3%) compared to $579.3 million in 2023[464] - Core net income attributable to common shareholders for 2024 was $218.9 million, a decrease of $12.6 million (5.4%) from $231.5 million in 2023[480] - Earnings per common share fully diluted increased to $4.71 in 2024, up $0.13 (2.8%) from $4.58 in 2023[480] Assets and Liabilities - Total assets increased to $14,231.4 million in 2024, up from $13,374.0 million in 2023, while total loans decreased to $4,473.6 million from $4,745.8 million[431] - Total assets increased by $0.9 billion to $14.2 billion, driven by increased deposit levels, while total deposits rose by $0.8 billion to $12.7 billion[453] - Total assets as of December 31, 2024, were $5.4 billion, an increase of $257 million or 5.0% from $5.2 billion in 2023[617] - Total deposits rose to $12.7 billion in 2024, a 6.3% increase from $12.0 billion in 2023[561] - The loan portfolio decreased from $4.7 billion at the end of 2023 to $4.5 billion as of December 31, 2024, representing 31.4% of total assets[577] Income and Expenses - Total non-interest expenses rose by $6.7 million to $359.1 million, largely due to increased technology and communication costs[454] - Interest expense increased significantly by $55.8 million (31.2%) from 2023 to 2024, totaling $234.5 million[464] - The average cost of deposits increased by 43 basis points to 183 basis points, with interest-bearing deposit costs rising by 50 basis points to 231 basis points[454] - Non-interest income rose to $230.0 million, reflecting an increase of $17.7 million (8.3%) compared to $212.3 million in 2023[464] - Core non-interest expenses increased by $14.1 million or 4.1% in 2024, with a core efficiency ratio rising to 60.0% from 58.1% in 2023[544] Economic Indicators - The Bermuda economy grew by an estimated 4.9% in 2023, with real GDP in 2024 showing initial growth of 8.7% driven by the international business sector and tourism recovery[433] - The Cayman Islands GDP is projected to grow by 2.8% in 2024, with real estate transactions reaching $1.0 billion, a 7.0% increase from 2023[441] - Inflation in the Cayman Islands is anticipated to be 2.6% for 2024, with projections of 2.5% and 2.1% for 2025 and 2026 respectively[441] Shareholder Information - The company declared four quarterly dividends of $0.44 per share, totaling $1.76 for each common share held[452] - A new share repurchase program was approved, authorizing the purchase of up to 2.7 million common shares through December 31, 2025[452] - Shareholders' equity increased by $17.2 million to $1.0 billion, attributed to organic growth through net income and adjustments in employee benefit plans[454] Investment and Management - The total assets under management (AUM) for Butterfield Funds reached $2,416.3 million in 2024, up from $1,970.7 million in 2023[431] - Total assets under management (AUM) rose by $0.5 billion to $6.0 billion as of December 31, 2024, compared to $5.5 billion in 2023, driven by increased market values[530] - The total carrying value of the available-for-sale (AFS) investment portfolio was $2.3 billion, while the held-to-maturity (HTM) investment portfolio was valued at $3.2 billion as of December 31, 2024[490] Employee and Operational Metrics - The number of employees decreased to 221 in the Cayman segment, down 14 or 6.0% from 235 in 2023[625] - Salaries and other employee benefits costs were $174.0 million in 2024, a decrease of $3.9 million compared to 2023[548] - Technology and communications costs increased by $4.1 million from 2023 to 2024, reflecting higher software maintenance costs[551]

Bank of NT Butterfield & Son (NTB) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this community bank, should get reflected in its stock price. After all, empirical research shows a strong correl ...

Investors might want to bet on Bank of NT Butterfield & Son (NTB) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tra ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...