Bank of N.T Butterfield & Son Ltd (BDA:NTB.BH)

Q1 2026 Bank of NT Butterfield & Son Ltd Earnings Call Transcript

Apr 29, 2026 / 02:00 PM GMT

Release Date Price: BMD55

Transcript

Key Points

Positve

Bank of N.T Butterfield & Son Ltd (NTB) reported a strong start to 2026 with solid financial performance and continued execution of its growth strategy.
The acquisition of Rollinson and Hunter Guernsey has closed, enhancing the scale and capability of NTB's private trust business in Guernsey.
Net interest income benefited from lower costs, while deposit volumes remained stable across all jurisdictions.
The bank announced a quarterly cash dividend of $0.50 per share and continued share repurchases, reflecting active capital management.
Butterfield's asset quality remains strong with a low-risk investment portfolio and stable credit performance.

Negative

Non-interest income decreased by $3.7 million over the last quarter due to a seasonal decline in banking fees.
Bermuda faces structural challenges, including a high cost of living, an aging population, and limited affordable housing.
The Cayman Islands' GDP growth is expected to moderate, indicating a slower growth phase following rapid expansion.
Non-performing loans and provisions took a step up this quarter, primarily related to residential mortgages in the prime central London loan book.
The bank expects some further outflows in deposits, particularly from its trust business and corporate deposits in Bermuda.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NTB.N - Bank of NT Butterfield & Son Ltd
Q1 2026 Bank of NT Butterfield & Son Ltd Earnings Call
Apr 29, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. My name is Bailey, and I will be your conference operator today.

At this time, I would like to welcome everyone to the first quarter 2026 earnings call for the Bank of N.T. Butterfield and Sun Limited.

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