Butterfield reports Q3 2026 earnings beat and warns of $500 million deposit outflow
+1 new source since this summary was written
Butterfield (NYSE:NTB) posted third‑quarter 2026 adjusted earnings of $1.58 per share, above analyst consensus, with net income of $61 million. Revenue was $162 million, and net interest income reached $97.2 million. Management disclosed an expected $500 million deposit outflow and said the CIBC Caribbean acquisition should close in the first half of 2027.
Why it matters
The bank expects a $500 million deposit outflow, which could compress its deposit base and pressure earnings in the near term (the company disclosed this in its earnings call). The pending CIBC Caribbean acquisition, slated for early 2027, will create a combined entity with about $29 billion of assets, potentially expanding market reach.
Key facts
- 1Adjusted earnings per share were $1.58. investing.com
- 2Revenue was $162 million. investing.com
- 3Net interest income was $97.2 million. finance.yahoo.com
- 4Tangible book value per share was $25.32. finance.yahoo.com
- 5Net income was $61 million. investing.com
- 6Core net income was $64.2 million. investing.com
Open questions
- Revenue figure differs: $162 million versus $203.8 million.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.