Core net income rose yr/yr, driven by higher net interest income and new trust revenue
Company repurchased 0.3 mln shares and closed R&H Guernsey acquisition
Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Bank of NT Butterfield & Son Ltd is $61.00, about 0% above its July 24 closing price of $60.99
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
Result drivers and key details
NET INTEREST INCOME - Higher net interest income driven by increased day count and growth in interest-earning asset volumes, partially offset by higher deposit costs
NTB•
