Butterfield Bank ended 2018 on a high with fourth quarter net income of $50.9m or $0.92 per share, compared to $50.4m in the third quarter of 2018 and $40.3m in the fourth quarter of 2017. For the year, the bank achieved net income of $195.2m, or $3.50 per share, up from $153.3m. Core net income, which includes revenue, gains, losses and expense items incurred in the normal course of business, jumped to $197m from $158.9m a year earlier. Michael Collins, chairman and CEO, said: "2018 wa...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
