Bank of N.T Butterfield Q1 2024 Adj EPS $1.17 Beats $0.97 Estimate, Sales $142.800M Beat $137.323M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of N.T Butterfield (NTB) reported Q1 2024 adjusted EPS of $1.17, surpassing the $0.97 estimate, with sales of $142.8M also beating the $137.323M forecast. However, both earnings and sales saw a decrease compared to the same period last year.
April 23, 2024 | 8:55 pm
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Bank of N.T Butterfield reported higher-than-expected Q1 2024 earnings and sales, with an EPS of $1.17 and sales of $142.8M.
The positive earnings and sales beat indicate strong financial performance, likely leading to a positive short-term impact on NTB's stock price. Despite a year-over-year decline, beating estimates is a strong positive signal to investors.
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