Bank of N.T. Butterfield & Son Ltd (NTB) Form 6-K — Jul 27, 2026
Butterfield reported second quarter 2026 net income of $46.9 million, or $1.16 per share, a decrease from the prior quarter due to $16.9 million in non-core acquisition-related expenses. On a core basis, excluding these items, net income rose to $63.9 million, or $1.58 per share, driven by higher net interest income and initial contributions from the R&H Guernsey acquisition. The Bank announced a definitive agreement to acquire CIBC Caribbean for total consideration of $1.794 billion, consisting of $1.091 billion in cash and $703 million in Butterfield shares.
Key figures
- Eps
- 1.16
- Guidance
- Management expects the CIBC Caribbean acquisition to close in the first half of 2027.
- Net Income
- 46900000
- Total Debt
- 0
- Debt Amount
- 700000000
- Total Assets
- 14346482000
- Cash Position
- 1440523000
- Deal Value Usd
- 1794000000
- Core EPS
- 1.58
- Core Net Income
- 63900000
- Dividend Per Share
- 0.5
- Shares Repurchased
- 300000
- Share Repurchase Cost
- 16100000
- Tangible Book Value Per Share
- 26.19
AI analysis
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