Bank of N.T Butterfield Q4 2023 Adj EPS $1.15 Beats $1.11 Estimate, Sales $144.90M Beat $141.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of N.T Butterfield (NYSE:NTB) reported Q4 2023 adjusted EPS of $1.15, surpassing the $1.11 estimate, with sales of $144.90M also beating the $141.34M estimate. However, this represents a 2.42% decrease in sales compared to the same period last year.
February 12, 2024 | 9:34 pm
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Bank of N.T Butterfield reported higher-than-expected Q4 2023 earnings and sales, but experienced a slight decrease in sales compared to last year.
The positive earnings and sales beat typically indicate strong company performance, which can lead to investor optimism and potentially drive the stock price up in the short term. However, the slight decrease in sales year-over-year might temper some of the positive sentiment.
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