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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.

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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.

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

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Zacks Investment Research