The market expects Bank of NT Butterfield & Son (NTB) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 22, 2024, might help the stock move higher if t ...

The reported revenue compares to the Zacks Consensus Estimate of $138.85 million, representing a surprise of +3.05%. The company delivered an EPS surprise of +7.77%, with the consensus EPS estimate being $1.03. Core Efficiency Ratio: 61.8% versus 63.1% estimated by two analysts on average. Net Interest Margin: 2.6% compared to the 2.7% average estimate based on two analysts. Net Charge-Off Ratio: 0% compared to the 0.1% average estimate based on two analysts. Average balance - Interest earning assets: $13.2 ...

Bank of NT Butterfield & Son (NTB) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.77%. A quarter ago, it was expected that this community bank would post earnings of $0.96 per share when it actually produced earnings of $1.17, delivering a surprise of 21.88%. Over the last four qu ...

The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong ass ...

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. Eve ...

Investors might want to bet on Bank of NT Butterfield & Son (NTB) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.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 ...

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 ...

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 ...

Here are two stocks with buy rank and strong income characteristics for investors to consider today, April 29:The Bank of N.T. Butterfield & Son Limited (NTB) : This commercial bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.8% the last 60 days.This Zacks Rank #1 company has a dividend yield of 5.2%, compared with the industry average of 4.3%.Preferred Bank (PFBC) : This company which provides commercial banking products and services has witnessed the Zacks Consens ...

INDEX TO FINANCIAL STATEMENTS The accompanying notes are an integral part of these consolidated financial statements. 2 The Bank of N.T. Butterfield & Son Limited Consolidated Statements of Operations (unaudited) (In thousands of US dollars, except per share data) 3 | | Three months ended | | | --- | --- | --- | | | March 31, 2024 | March 31, 2023 | | Non-interest income | | | | Asset management | 8,842 | 7,938 | | Banking | 14,259 | 13,600 | | Foreign exchange revenue | 13,192 | 10,712 | | Trust | 15,044 | ...