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Earnings Call Summary | Bank of N.T Butterfield & Son(NTB.US) Q1 2024 Earnings Conference

Earnings Call Summary | Bank of N.T Butterfield & Son(NTB.US) Q1 2024 Earnings Conference

業績電話會議摘要 | 新澤西銀行 Butterfield & Son (NTB.US) 2024 年第一季度業績發佈會
富途資訊 ·  04/25 09:22  · 電話會議

The following is a summary of the The Bank of N.T. Butterfield & Son Limited (NTB) Q1 2024 Earnings Call Transcript:

以下是新澤西銀行巴特菲爾德父子有限公司(NTB)2024年第一季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • Butterfield reported Q1 2024 net income of $53.4 million and core net income of $55 million, core earnings per share at $1.17.

  • The bank registered a core return on average tangible common equity of 24.5% for the quarter.

  • The net interest margin was at 2.68%.

  • 1.2 million shares were repurchased at an average price of $30.40 per share.

  • Net interest income before provision for credit losses increased slightly to $87.1 million.

  • Non-interest income decreased by 8.1% from the previous quarter, totaling $55.1 million.

  • Total core non-interest expenses decreased by 3.8% to $86.9 million.

  • 巴特菲爾德公佈的2024年第一季度淨收入爲5,340萬美元,核心淨收入爲5,500萬美元,核心每股收益爲1.17美元。

  • 該銀行本季度平均有形普通股的核心回報率爲24.5%。

  • 淨利率爲2.68%。

  • 回購了120萬股股票,平均價格爲每股30.40美元。

  • 扣除信貸損失準備金的淨利息收入略有增加至8,710萬美元。

  • 非利息收入較上一季度下降了8.1%,總額爲5,510萬美元。

  • 核心非利息支出總額下降了3.8%,至8,690萬美元。

Business Progress:

業務進展:

  • Butterfield has welcomed new General Counsel and Group Chief Legal Officer, Simon Des-Etages.

  • The bank is expanding its business in areas like the Bahamas, Switzerland, Singapore, and the UK.

  • The company is exploring growth opportunities through acquisitions and is focused on disciplined expense management, and net interest earnings.

  • The bank completed its core banking system upgrade to a cloud infrastructure.

  • The acquisition of Credit Suisse's trust business has begun generating value due to the smooth transition of client relationships and employees.

  • The bank is considering acquisition opportunities, particularly in the private trust business.

  • The company sees strong growth opportunities in its Cayman market, specifically in lending and M&A opportunities.

  • 巴特菲爾德歡迎新任總法律顧問兼集團首席法務官西蒙·德斯埃塔格斯。

  • 該銀行正在巴哈馬、瑞士、新加坡和英國等地區擴展其業務。

  • 該公司正在通過收購探索增長機會,專注於嚴格的費用管理和淨利息收益。

  • 該銀行完成了對雲基礎設施的核心銀行系統的升級。

  • 由於客戶關係和員工的順利過渡,對瑞士信貸信託業務的收購已開始產生價值。

  • 該銀行正在考慮收購機會,特別是在私人信託業務中。

  • 該公司在其開曼市場看到了強勁的增長機會,特別是在貸款和併購機會方面。

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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譯文內容由第三人軟體翻譯。


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