Community bank Butterfield's Q3 revenue beats estimates

Reuters10-29
Community bank Butterfield's Q3 revenue beats estimates

Overview

  • Butterfield Q3 2025 revenue beats analyst expectations, driven by higher banking fees

  • EPS for Q3 2025 exceeds estimates

  • Company repurchased 0.7 mln shares

Outlook

  • Company did not provide specific guidance for future quarters or full year

Result Drivers

  • BANKING FEES - Higher banking fees from increased card volumes and incentives drove net income growth

  • NET INTEREST INCOME - Improved net interest income due to lower deposit costs and redemption of subordinated debt

  • CAPITAL MANAGEMENT - Share repurchases and dividends contributed to strong shareholder returns

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$153.30 mln

$147.90 mln (4 Analysts)

Q3 EPS

Beat

$1.51

$1.30 (4 Analysts)

Q3 Core Net Income

$63.30 mln

Q3 Net Income

$61.1 mln

Q3 Net Interest Income

$92.70 mln

Q3 Credit Loss Allowance

$25.70 mln

Q3 Dividend

$0.50

Q3 Pretax Profit

$62.50 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the banks peer group is "buy"

  • Wall Street's median 12-month price target for Bank of NT Butterfield & Son Ltd is $50.00, about 16.3% above its October 27 closing price of $41.83

  • The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw2RpVX5a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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