Financial institution of NT Butterfield & Son (NTB) reported $142.2 million in income for the quarter ended March 2024, representing a year-over-year decline of three.6%. EPS of $1.17 for a similar interval compares to $1.24 a 12 months in the past.
The reported income represents a shock of +3.68% over the Zacks Consensus Estimate of $137.15 million. With the consensus EPS estimate being $0.96, the EPS shock was +21.88%.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they evaluate with Wall Avenue expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders undertaking a inventory’s value efficiency extra precisely.
Right here is how Financial institution of NT Butterfield & Son carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Core Effectivity Ratio: 59.8% versus 65.1% estimated by two analysts on common.
- Internet Curiosity Margin: 2.7% versus 2.7% estimated by two analysts on common.
- Internet Cost-Off Ratio: 0% in comparison with the 0.1% common estimate primarily based on two analysts.
- Common steadiness – Curiosity incomes belongings: $13.03 billion versus the two-analyst common estimate of $12.67 billion.
- Internet Curiosity Revenue: $87.10 million versus the two-analyst common estimate of $84.92 million.
- Complete Non-interest Revenue: $55.09 million in comparison with the $52.25 million common estimate primarily based on two analysts.
View all Key Company Metrics for Bank of NT Butterfield & Son here>>>
Shares of Financial institution of NT Butterfield & Son have returned +2.8% over the previous month versus the Zacks S&P 500 composite’s -4.2% change. The inventory presently has a Zacks Rank #2 (Purchase), indicating that it might outperform the broader market within the close to time period.
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Bank of N.T. Butterfield & Son Limited (The) (NTB) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
