Bank of N.T Butterfield Q2 2024 Adj EPS $1.11 Beats $1.05 Estimate, Sales $142.700M Beat $139.522M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of N.T Butterfield (NYSE:NTB) reported Q2 2024 earnings per share (EPS) of $1.11, beating the analyst estimate of $1.05. Sales were $142.7 million, also surpassing the estimate of $139.522 million. Despite beating estimates, both EPS and sales showed a year-over-year decline.
July 22, 2024 | 8:43 pm
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Bank of N.T Butterfield (NYSE:NTB) reported Q2 2024 EPS of $1.11, beating the analyst estimate of $1.05. Sales were $142.7 million, also surpassing the estimate of $139.522 million. Despite beating estimates, both EPS and sales showed a year-over-year decline.
The company beat both EPS and sales estimates, which is generally positive for the stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100