Bank of NT Butterfield & Son (NTB) Surpasses Q2 Earnings and Revenue Estimates

分组1 - Bank of NT Butterfield & Son reported quarterly earnings of $1.11 per share, exceeding the Zacks Consensus Estimate of $1.03 per share, but down from $1.14 per share a year ago, representing an earnings surprise of 7.77% [1] - The company posted revenues of $143.08 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.05%, and compared to year-ago revenues of $142.63 million [2] - The stock has gained approximately 23.3% since the beginning of the year, outperforming the S&P 500's gain of 15.4% [3] 分组2 - The outlook for Bank of NT Butterfield & Son is influenced by the performance of the Banks - Foreign industry, which is currently in the top 20% of over 250 Zacks industries [5] - The current consensus EPS estimate for the upcoming quarter is $1.07 on revenues of $139.65 million, and for the current fiscal year, it is $4.40 on revenues of $563 million [9] - The estimate revisions trend for the company is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [8]