Butterfield Reports First Quarter 2018 Results
23 April 2018
Net income of $44.2 million, or $0.79 per share;
Core net income1 of $45.0 million, or $0.81 per share;
Return on average common equity of 21.8%; core return on average tangible common equity1 of 24.3%;
Net interest margin of 3.05%;
Return on average assets of 1.6%;
Completed acquisition of Global Trust Solutions business from Deutsche Bank;
Announced acquisition of Deutsche Banks banking and custody business in the Cayman and Channel Islands;
Board declared a dividend for the quarter ended March 31, 2018 of $0.38 per common share.
http://investors.butterfieldgroup.com/current-news/2018/04-23-2018-212959547
