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Bank of NT Butterfield & Son: 3Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Bank of NT Butterfield & Son Ltd. (NTB) on Tuesday reported third-quarter net income of $42.4 million.

The Hamilton, Bermuda-based bank said it had earnings of 79 cents per share. Earnings, adjusted for non-recurring costs, were 91 cents per share.

The community bank posted revenue of $151.7 million in the period. Its revenue net of interest expense was $133 million, which missed Street forecasts.

Bank of NT Butterfield & Son shares have dropped roughly 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $30.79, a drop of 40% 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