Butterfield Reports Full Year 2016 and Q4 2016 Results

Autor: The Bank of N.T. Butterfield & Son Limited
Zdroj: Business Wire (English). 02/13/2017.
Abstrakt: The Bank of N.T. Butterfield & Son Limited (“Butterfield” or the “Bank”) (BSX: NTB.BH; NYSE: NTB) today announced net income for the year ended 31 December 2016 of $115.9 million, an increase of $38.2 million compared to $77.7 million earned a year ago. The $42 million premium on the preference share redemption resulted in a $0.05 per share decrease in earnings per share to $1.18. After removing the effects of non-core items, core earnings for the full year were $138.6 million, an increase of $24.7 million compared to 2015. The Board declared a dividend for the quarter ended 31 December 2016 of $0.32 per common share, a three-fold increase from the prior quarter and the same quarter in the previous year. [ABSTRACT FROM PUBLISHER]
Databáze: Regional Business News
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