Hamilton, Bermuda─30 October 2013: The Bank of N.T. Butterfield & Son Limited (“Butterfield” or the “Bank”) today announced core earnings for the third quarter ended 30 September 2013 of $24.5 million ($0.04 per Share on a fully diluted basis), an improvement of $13.0 million over the $11.5 million earned in the same quarter a year ago. Net income for the quarter was $21.6 million, including non-core net items of $2.9 million, up $2.8 million compared to net income of $18.8 million in the third quarter of 2012. The core cash return on average tangible common equity improved to 14.34% in the third quarter of 2013 compared to 5.01% in the third quarter of 2012, reflecting measures taken to achieve strategic goals, particularly expense and capital management initiatives.
London, England and Hamilton, Bermuda—21 October 2013: The economies of the world need to be driven by economic fundamentals to achieve growth, rather than the supply of cheap money.
Butterfield Bank (UK) Limited (“Butterfield Private Bank”) today announced the introduction of the Butterfield 25 Deposit, an innovative six month, fixed-term deposit account that will give clients instant access to 25 per cent of their initial deposit. Designed for high net worth and ultra high net worth clients, Butterfield 25 adds to the suite of highly competitive wealth management products and services offered at Butterfield Private Bank.
London, England - 17 April 2013 - Butterfield Bank (UK) Limited (“Butterfield Private Bank”) has appointed Paul O’Neill as Head of UK Asset Management. In this role he will be responsible for the management of the London investment business.
Butterfield Private Bank 99 Gresham Street London EC2V 7NG
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