loanDepot (LDI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended December 2023, Bank of NT Butterfield & Son (NTB) reported revenue of $146.9 million, down 1.7% over the same period last year. EPS came in at $1.15, compared to $1.27 in the year-ago quarter.

The reported revenue represents a surprise of +4.18% over the Zacks Consensus Estimate of $141 million. With the consensus EPS estimate being $1.11, the EPS surprise was +3.60%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company’s financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.

Here is how Bank of NT Butterfield & Son performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Core Efficiency Ratio: 60.5% compared to the 60.1% average estimate based on two analysts.
  • Net Interest Margin: 2.7% versus the two-analyst average estimate of 2.7%.
  • Net Charge-Off Ratio: 0.1% versus the two-analyst average estimate of 0.1%.
  • Average balance – Interest earning assets: $12.63 billion compared to the $12.67 billion average estimate based on two analysts.
  • Net Interest Income: $86.90 million compared to the $86.08 million average estimate based on two analysts.
  • Total Non-interest Income: $60 million versus $55.28 million estimated by two analysts on average.

View all Key Company Metrics for Bank of NT Butterfield & Son here>>>

Shares of Bank of NT Butterfield & Son have returned -3.8% over the past month versus the Zacks S&P 500 composite’s +5.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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Bank of N.T. Butterfield & Son Limited (The) (NTB) : Free Stock Analysis Report

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