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St. Peter Port, Guernsey - 8 March 2017: A chartered wealth manager with more than 18 years’ experience has been appointed head of wealth management at Butterfield Bank (Guernsey) Limited.
Hamilton, Bermuda and New York, NY—28 February 2017: The Bank of N.T. Butterfield & Son Limited (“Butterfield”) (NYSE: NTB | BSX: NTB.BH) today announced the closing of its previously announced registered secondary offering by certain selling shareholders, including affiliates of the Carlyle Group (“Carlyle”), of 10,989,163 of its voting ordinary shares (“Common Shares”) at a price of $31.75 per share. Butterfield did not receive any of the proceeds from the sale of the Common Shares.
Hamilton, Bermuda and New York, NY—23 February 2017: The Bank of N.T. Butterfield & Son Limited (“Butterfield”) (NYSE: NTB | BSX: NTB.BH) today announced the pricing of a registered secondary offering by certain selling shareholders of 9,555,794 of Butterfield’s voting ordinary shares at a price to the public of $31.75 per share (the “Offering Price”). Butterfield will not receive any of the proceeds from the sale of the shares.
Hamilton, Bermuda and New York, NY—21 February 2017: The Bank of N.T. Butterfield & Son Limited (“Butterfield”) (NYSE: NTB | BSX: NTB.BH) today announced that certain of its shareholders (collectively, the “Selling Shareholders”), including affiliates of The Carlyle Group (collectively, “Carlyle”), intend to offer 9,555,794 shares of Butterfield’s voting ordinary shares, par value $0.01 per share (the “Common Stock”), in an underwritten public offering. In addition, the Selling Shareholders intend to grant the underwriters a 30-day option to purchase up to an additional 1,433,369 shares of the Common Stock at the public offering price, less underwriting discounts and commissions. The shares offered, including the underwriters’ option to purchase additional shares, will include all 7,632,569 shares currently owned by Carlyle. Butterfield will not be issuing any shares in connection with the offering and will not receive any proceeds from the offering.
Hamilton, Bermuda –13 February 2017: The Bank of N.T. Butterfield & Son Limited (“Butterfield” or the “Bank”) (BSX: NTB.BH; NYSE: NTB) today announced net income for the year ended 31 December 2016 of $115.9 million, an increase of $38.2 million compared to $77.7 million earned a year ago. The $42 million premium on the preference share redemption resulted in a $0.05 per share decrease in earnings per share to $1.18. After removing the effects of non-core items, core earnings for the full year were $138.6 million, an increase of $24.7 million compared to 2015. The Board declared a dividend for the quarter ended 31 December 2016 of $0.32 per common share, a three-fold increase from the prior quarter and the same quarter in the previous year.
Hamilton, Bermuda - 13 February 2017: The Bank of N.T. Butterfield & Son Limited (BSX: NTB.BH; NYSE: NTB) (the “Company”) announced today that it plans to conduct a registered public secondary offering of shares of its common stock. All of the shares sold in the offering will be sold by certain selling shareholders. The selling shareholders have not yet determined the number of shares to be offered, and the timing of the offering remains subject to market conditions.
St. Peter Port, Guernsey - 25 January 2017: Butterfield Trust’s managing director Paul Hodgson has been recognised by the Society of Trust and Estate Practitioners (STEP) for his outstanding contribution to the society. Mr. Hodgson was one of 14 individuals from across the world – the only one from Guernsey – to receive a 2016 STEP Founder’s Award.
St. Peter Port, Guernsey – 25 January 2017: Young musicians will evoke images of dinosaurs, boxing and spies at St. James’ later this month.