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Butterfield Bank (NTB) Q4 Earnings: What To Expect

NTB Cover Image

Offshore banking group Butterfield Bank (NYSE: NTB) will be reporting earnings this Monday after market hours. Here’s what to look for.

Butterfield Bank beat analysts’ revenue expectations by 3.9% last quarter, reporting revenues of $153.9 million, up 6.8% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.

Is Butterfield Bank a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Butterfield Bank’s revenue to grow 1.1% year on year to $153.5 million, slowing from the 3.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.47 per share.

Butterfield Bank Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Butterfield Bank has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 3.3% on average.

Looking at Butterfield Bank’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Merchants Bancorp’s revenues decreased 4.4% year on year, beating analysts’ expectations by 7.8%, and UMB Financial reported revenues up 67.5%, topping estimates by 7%. Merchants Bancorp traded up 15.7% following the results while UMB Financial’s stock price was unchanged.

Read our full analysis of Merchants Bancorp’s results here and UMB Financial’s results here.

There has been positive sentiment among investors in the regional banks segment, with share prices up 7.9% on average over the last month. Butterfield Bank is up 5.5% during the same time and is heading into earnings with an average analyst price target of $50.67 (compared to the current share price of $53.06).

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