NYSE:NTBBanks
Butterfield (NYSE:NTB) Profit Margin Rises to 38%, Reinforcing Value Narrative Despite Forecast Earnings Decline
Bank of N.T. Butterfield & Son (NYSE:NTB) is projecting a marginal annual revenue decline of 0.02% and an earnings drop of 5.1% per year over the next three years. Even as the outlook signals softer financials ahead, the company’s net profit margin grew to 38%, up from last year's 36.7%. Annual earnings have averaged 9% growth over the past five years, with the most recent year coming in just below that at 8.3% growth. Current market sentiment may be balancing concerns about declining future...