HAMILTON, Bermuda (AP) _ Bank of NT Butterfield & Son Ltd. (NTB) on Wednesday reported second-quarter profit of $34.3 million.
The bank, based in Hamilton, Bermuda, said it had earnings of 67 cents per share.
The community bank posted revenue of $127 million in the period. Its revenue net of interest expense was $120.8 million, falling short of Street forecasts.
Bank of NT Butterfield & Son shares have dropped 31% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $25.36, a drop of 23% in the last 12 months.