Bank of N.T. Butterfield & Son Ltd

The Bank of N.T. Butterfield & Son Limited announced the appointment of Puglisi & Associates as its new authorized representative in the United States. This change is effective August 5, 2026, and pertains to the company's automatic shelf registration statement on Form F-3ASR (File no. 333-277362).

Butterfield reported Q2 2026 net income of $46.9 million ($1.16 per share) and core net income of $63.9 million ($1.58 per share), with core net income improving from the prior quarter. The company closed the acquisition of R&H Guernsey and made progress on the agreement to acquire CIBC Caribbean, expected to close in the first half of 2027, which is anticipated to double its size. Net interest margin remained stable at 2.74%, and the Board declared a quarterly cash dividend of $0.50 per share.

The Bank of N.T. Butterfield & Son Limited has entered into a definitive agreement to acquire CIBC's 91.7% interest in CIBC Caribbean Bank Limited for $1.794 billion. This strategic acquisition aims to create a leading banking and wealth management platform with approximately $29 billion in assets, enhancing scale, diversification, and growth opportunities. The deal is expected to be accretive to both GAAP and cash EPS, as well as tangible book value per share, with significant annual cost synergies anticipated.

Bank of N.T. Butterfield & Son Ltd reported strong Q1 2026 results with net income increasing 16.5% year-over-year to $62.6 million and basic earnings per share rising 24.6% to $1.57. Total net revenue grew 4.3% to $154.5 million, driven by a 7.2% increase in non-interest income and a 4.4% rise in net interest income. The company also saw a 2.9% decrease in non-interest expenses.