Butterfield Reports Q3 2009 Net Profit; Dividend Unchanged
Hamilton, Bermuda─28 October 2009: The Bank of N.T. Butterfield & Son Limited (“Butterfield”, the “Group” or the “Bank”) today reported its third quarter 2009 financial results. Net income was $7.0 million for the quarter, compared to a profit of $80.5 million in Q3 2008, the prior year’s earnings reflecting the gain on sale of the Group’s Fund Services businesses. This brings basic and diluted earnings per share to $0.02 in Q3 2009 compared to $0.85 and $0.84 respectively in Q3 2008. Net income before gains and losses was $4.0 million compared to $15.6 million a year ago.
Butterfield Reports Q2 2009 Net Profit; Dividend Unchanged
The Bank of N.T. Butterfield & Son Limited (“Butterfield”, the “Group” or the “Bank”) today reported its second quarter 2009 financial results. Net income was $10.3 million for the quarter, compared to a loss of $16.5 million in Q2 2008. This brings both basic and diluted earnings per share to $0.11 in Q2 2009 compared to negative $0.18 and negative $0.17 respectively in Q2 2008.
Fitch affirms Butterfield Bank (UK) Limited
Fitch Ratings-London-27 January 2009: Fitch Ratings has today affirmed Butterfield Bank (UK) Ltd's (BBUK) ratings at Long-term Issuer Default IDR) 'A-' (A minus), Short-term IDR 'F1', Individual 'C' and Support '1'. The Outlook for the Long-term IDR is Stable.
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