Butterfield Announces New Share Repurchase Program
Butterfield Announces New Share Repurchase Program
HAMILTON, Bermuda--(BUSINESS WIRE)--The Bank of N.T. Butterfield & Son Limited ("Butterfield" or the "Bank") (BSX: NTB.BH; NYSE: NTB) today announced that its Board of Directors has approved a $100 million ordinary share repurchase program ("the Share Repurchase Program") pursuant to which the Bank is authorized to purchase up to 2.7 million of its ordinary shares through December 31, 2025.
哈密尔顿,百慕大--(商业电讯)--N.t. Butterfield & Son Limited(“Butterfield”或“银行”)(BSX: NTb.BH; 纽交所: NTB)今天宣布,其董事会已批准一项10000万普通股回购计划(“回购计划”),根据该计划,银行被授权在2025年12月31日之前购买最多270万普通股。
Michael Collins, Chairman and Chief Executive Officer said: "I am pleased to announce a new share repurchase program for 2025. Our capital management priorities continue to focus on supporting a quarterly cash dividend, funding organic growth, and positioning the Bank for potential acquisitions. Subject to market conditions, our new share repurchase authorization provides us with an additional method to effectively deploy capital in 2025."
董事长兼首席执行官迈克尔·柯林斯表示:“我很高兴地宣布2025年的新回购计划。我们的资本管理优先事项继续专注于支持季度现金分红、资助有机增长,以及为银行潜在收购做好准备。在市场条件允许的情况下,我们的新回购授权为我们在2025年有效部署资本提供了额外的方法。”
The timing and amount of any share repurchases will be determined by Bank management based on its evaluation of market conditions and other factors that include, but are not limited to, Butterfield's share price and the availability of alternative capital investments. Repurchases under the new Share Repurchase Program may be made in the open market or through privately negotiated transactions, including under US Securities & Exchange Commission Rule 10b5-1, and will be made in accordance with applicable laws and regulations.
任何回购的时机和金额将由银行管理层根据对市场条件的评估和其他因素来决定,包括但不限于Butterfield的股价和替代资本投资的可用性。新的回购计划下的回购可以在公开市场或通过私下谈判交易进行,包括根据美国证券交易委员会第10b5-1条规,并将根据适用的法律和法规进行。
The new Share Repurchase Program will come into effect on January 1, 2025 with the termination of the current 2.1 million share repurchase program that was announced on July 22, 2024.
新的回购计划将于2025年1月1日生效,届时现行的210万股回购计划将在2024年7月22日宣布终止。
Forward-Looking Statements:
前瞻性声明:
Certain of the statements made in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions estimates, intentions, and future performance, including, without limitation, our intention to make share repurchases, our dividend payout target, our fee/income ratio, our OCI burndown, and affordability for borrowing customers and business activity levels, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of Butterfield to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements due to a variety of factors, including worldwide economic conditions (including economic growth and general business conditions) and fluctuations of interest rates, inflation, a decline in Bermuda's sovereign credit rating, any sudden liquidity crisis, the successful completion and integration of acquisitions (including our integration of the trust assets acquired from Credit Suisse) or the realization of the anticipated benefits of such acquisitions in the expected time-frames or at all, success in business retention (including the retention of relationships associated with our Credit Suisse acquisition) and obtaining new business, potential impacts of climate change, the success of our updated systems and platforms and other factors. Forward-looking statements can be identified by words such as "anticipate," "assume," "believe," "estimate," "expect," "indicate," "intend," "may," "plan," "point to," "predict," "project," "seek," "target," "potential," "will," "would," "could," "should," "continue," "contemplate" and other similar expressions, although not all forward-looking statements contain these identifying words. All statements other than statements of historical fact are statements that could be forward-looking statements.
本发布中做出的某些陈述属于1995年美国私人证券诉讼改革法中的前瞻性陈述。前瞻性陈述包括有关我们的信念、计划、目标、期望、预期、假设估计、意图和未来业绩的陈述,包括但不限于我们进行股票回购的意图、我们的分红支付目标、我们的费用/收入比率、我们的OCI消耗和借款客户的负担能力以及商业活动水平,并涉及已知和未知的风险、不确定性及其他因素,这些因素可能超出我们的控制,可能导致Butterfield的实际结果、业绩、资本、所有权或成就与这些前瞻性陈述所表达或暗示的未来结果、业绩或成就有重大不同,原因包括全球经济状况(包括经济增长和一般商业状况)及利率波动、通货膨胀、百慕大主权信用评级的下降、任何突发的流动性危机、收购的成功完成及整合(包括我们与瑞士信贷收购信托资产的整合)或在预期的时间框架内或根本无法实现这些收购的预期好处、业务保留的成功(包括与我们瑞士信贷收购相关的关系保留)和获取新业务、气候变化的潜在影响、我们更新的系统和平台的成功以及其他因素。前瞻性陈述可以通过“预期”、“假设”、“相信”、“估计”、“期望”、“指示”、“意图”、“可能”、“计划”、“指向”、“预测”、“项目”、“寻求”、“目标”、“潜在”、“将”、“会”、“可以”、“应该”、“继续”、“考虑”等词语来识别,以及其他类似的表达,尽管并非所有前瞻性陈述都包含这些识别词。所有除历史事实声明以外的声明都是可能的前瞻性陈述。
All forward-looking statements in this disclosure are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our SEC reports and filings, including under the caption "Risk Factors" in our most recent Form 20-F. Such reports are available upon request from Butterfield, or from the Securities and Exchange Commission ("SEC"), including through the SEC's website at https://www.sec.gov. Any forward-looking statements made by Butterfield are current views as at the date they are made. Except as otherwise required by law, Butterfield assumes no obligation and does not undertake to review, update, revise or correct any of the forward-looking statements included in this disclosure, whether as a result of new information, future events or other developments. You are cautioned not to place undue reliance on the forward-looking statements made by Butterfield in this disclosure. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, and should only be viewed as historical data.
本披露中的所有前瞻性陈述均明确受到本警示说明的全部限制,包括但不限于我们在SEC报告和文件中描述的那些风险和不确定性,包括在我们最近的20-F表格中的"风险因素"标题下。此类报告可根据请求从Butterfield获得,或从证券交易委员会("SEC")获得,包括通过SEC网站https://www.sec.gov。Butterfield所做的任何前瞻性陈述都代表其作出时的当前观点。除法律另有要求外,Butterfield不承担任何义务,也不承诺审查、更新、修订或更正本披露中包含的任何前瞻性陈述,无论是由于新信息、未来事件还是其他发展。您被警告不要对Butterfield在本披露中所做的前瞻性陈述过于依赖。对当前和任何先前期间结果的比较并不旨在表达任何未来趋势或未来表现的指示,仅应视为历史数据。
About Butterfield:
关于Butterfield:
Butterfield is a full-service bank and wealth manager headquartered in Hamilton, Bermuda, providing services to clients from Bermuda, the Cayman Islands, Guernsey and Jersey, where our principal banking operations are located, and The Bahamas, Switzerland, Singapore and the United Kingdom, where we offer specialized financial services. Banking services comprise deposit, cash management and lending solutions for individual, business and institutional clients. Wealth management services are composed of trust, private banking, asset management and custody. In Bermuda, the Cayman Islands and Guernsey, we offer both banking and wealth management. In The Bahamas, Singapore and Switzerland, we offer select wealth management services. In the UK, we offer residential property lending. In Jersey, we offer select banking and wealth management services. Butterfield is publicly traded on the New York Stock Exchange (symbol: NTB) and the Bermuda Stock Exchange (symbol: NTB.BH). Further details on the Butterfield Group can be obtained from our website at: .
Butterfield是一家全方位服务的银行和财富管理公司,总部位于百慕大汉密尔顿,为来自百慕大、开曼群岛、根西岛和泽西岛的客户提供服务,我们的主要银行业务运营位于这些地区,同时在巴哈马、瑞士、新加坡和英国也提供专业金融服务。银行服务包括为个人、企业和机构客户提供存入资金、现金管理和贷款解决方案。财富管理服务包括信托、私人银行、资产管理和保管。在百慕大、开曼群岛和根西岛,我们提供银行和财富管理服务。在巴哈马、新加坡和瑞士,我们提供选择性的财富管理服务。在英国,我们提供住宅物业贷款。在泽西岛,我们提供选择性的银行和财富管理服务。Butterfield在纽约证券交易所(标的:NTB)和百慕大证券交易所(标的:NTb.BH)上市。有关Butterfield集团的更多详细信息,可以从我们的网站获得。
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Investor Relations Contact:
Noah Fields
Investor Relations
The Bank of N.T. Butterfield & Son Limited
Phone : (441) 299 3816
E-mail : noah.fields@butterfieldgroup.com
投资者关系联系:
诺亚·菲尔兹
投资者关系
银行N.t.巴特菲尔德及子公司
电话 : (441) 299 3816
电子邮件 : noah.fields@butterfieldgroup.com
Media Relations Contact:
Nicky Stevens
Group Strategic Marketing & Communications
The Bank of N.T. Butterfield & Son Limited
Phone: (441) 299 1624
E-mail: nicky.stevens@butterfieldgroup.com
媒体关系联系人:
尼基·史蒂文斯
集团战略市场营销和通信
银行N.t.巴特菲尔德及子公司
电话:(441)299 1624
电子邮件:nicky.stevens@butterfieldgroup.com
Source: Bank of N.T. Butterfield & Son Limited
来源:纳特·巴特菲尔德银行及其子公司