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Bank of NT Butterfield & Son: 2Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Bank of NT Butterfield & Son Ltd. (NTB) on Tuesday reported second-quarter net income of $38.6 million.

The bank, based in Hamilton, Bermuda, said it had earnings of 72 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 95 cents per share.

The community bank posted revenue of $141.6 million in the period. Its revenue net of interest expense was $129.4 million, which did not meet Street forecasts.

Bank of NT Butterfield & Son shares have climbed slightly more than 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $33.32, a drop of 31% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTB at https://www.zacks.com/ap/NTB