Butterfield earns Q1 profit of $53.8m

Butterfield earns Q1 profit of $53.8m

Butterfield Bank has declared net income of $53.8 million, or $1.23 per share, in the first quarter of the year ending March 31, compared with $59.6 million, or $1.34 per diluted common share, for the...

Butterfield reports first quarter 2025 results

The Bank of Butterfield has announced financial results for the quarter ended March 31, 2025. Net income for the first quarter of 2025 was $53.8 million, or $1.23 per diluted common share, compared to net income of $59.6 million, or $1.34 per diluted common share, for the previous quarter and $53.4 million, or $1.13 per diluted common share, for the first quarter of 2024. Core net income1 for the first quarter of 2025 was $56.7 million, or $1.30…