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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

财报电话会议摘要 | 新泽西银行 Butterfield & Son (NTB.US) 2024 年第一季度业绩发布会
富途资讯 ·  04/25 09:22  · 电话会议

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

以下是新泽西银行巴特菲尔德父子有限公司(NTB)2024年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • 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.

  • 巴特菲尔德公布的2024年第一季度净收入为5,340万美元,核心净收入为5,500万美元,核心每股收益为1.17美元。

  • 该银行本季度平均有形普通股的核心回报率为24.5%。

  • 净利率为2.68%。

  • 回购了120万股股票,平均价格为每股30.40美元。

  • 扣除信贷损失准备金的净利息收入略有增加至8,710万美元。

  • 非利息收入较上一季度下降了8.1%,总额为5,510万美元。

  • 核心非利息支出总额下降了3.8%,至8,690万美元。

Business Progress:

业务进展:

  • 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.

  • 巴特菲尔德欢迎新任总法律顾问兼集团首席法务官西蒙·德斯埃塔格斯。

  • 该银行正在巴哈马、瑞士、新加坡和英国等地区扩展其业务。

  • 该公司正在通过收购探索增长机会,专注于严格的费用管理和净利息收益。

  • 该银行完成了对云基础设施的核心银行系统的升级。

  • 由于客户关系和员工的顺利过渡,对瑞士信贷信托业务的收购已开始产生价值。

  • 该银行正在考虑收购机会,特别是在私人信托业务中。

  • 该公司在其开曼市场看到了强劲的增长机会,特别是在贷款和并购机会方面。

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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