Butterfield Bank (NTB) Reports Q3: Everything You Need To Know Ahead Of Earnings

Offshore banking group Butterfield Bank will be announcing earnings results this Tuesday after the bell. Here’s what to look for. Butterfield Bank missed analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $146.5 million, up 2.4% year on year. It was a slower quarter for the company, with a slight miss of analysts’ revenue estimates and a narrow beat of analysts’ EPS estimates. Is Butterfield Bank a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.This quarter, analysts are expecting Butterfield Bank’s revenue to grow 3.2% year on year to $148.8 million, improving from the 1.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.31 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Butterfield Bank has missed Wall Street’s revenue estimates twice over the last two years. Looking at Butterfield Bank’s peers in the regional banks segment, some have already reported their Q3 results, giving us a hint as to what we can expect. SouthState delivered year-on-year revenue growth of 63.9%, beating analysts’ expectations by 6.5%, and Atlantic Union Bankshares reported revenues up 75%, topping estimates by 1.6%. SouthState traded down 4.3% following the results while Atlantic Union Bankshares’s stock price was unchanged. Read our full analysis of SouthState’s results here and Atlantic Union Bankshares’s results here.The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the regional banks stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.7% on average over the last month. Butterfield Bank is down 1.1% during the same time and is heading into earnings with an average analyst price target of $50.50 (compared to the current share price of $42.44).Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.