Advertisement
Canada markets closed

  • S&P/TSX

    21,947.41
    +124.19 (+0.57%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CAD/USD

    0.7308
    -0.0006 (-0.08%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • Bitcoin CAD

    87,262.79
    +908.41 (+1.05%)
     

  • CMC Crypto 200

    1,327.32
    +50.34 (+3.94%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     

  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     

  • NASDAQ

    16,156.33
    +315.37 (+1.99%)
     

  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     

  • FTSE

    8,213.49
    +41.34 (+0.51%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

Here's What Key Metrics Tell Us About Bank of NT Butterfield & Son (NTB) Q1 Earnings

Zacks Equity Research
·2 min read

Bank of NT Butterfield & Son (NTB) reported $142.2 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 3.6%. EPS of $1.17 for the same period compares to $1.24 a year ago.

The reported revenue represents a surprise of +3.68% over the Zacks Consensus Estimate of $137.15 million. With the consensus EPS estimate being $0.96, the EPS surprise was +21.88%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how Bank of NT Butterfield & Son performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Core Efficiency Ratio: 59.8% versus 65.1% estimated by two analysts on average.

  • Net Interest Margin: 2.7% versus 2.7% estimated by two analysts on average.

  • Net Charge-Off Ratio: 0% compared to the 0.1% average estimate based on two analysts.

  • Average balance - Interest earning assets: $13.03 billion versus the two-analyst average estimate of $12.67 billion.

  • Net Interest Income: $87.10 million versus the two-analyst average estimate of $84.92 million.

  • Total Non-interest Income: $55.09 million compared to the $52.25 million average estimate based on two analysts.

View all Key Company Metrics for Bank of NT Butterfield & Son here>>>

Shares of Bank of NT Butterfield & Son have returned +2.8% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Bank of N.T. Butterfield & Son Limited (The) (NTB) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research