N.T. Butterfield board approves $90M ordinary share repurchase program

The Bank of N.T. Butterfield & Son Limited announced that its Board of Directors has approved a $90M ordinary share repurchase program pursuant to which the Bank is authorized to purchase up to 3.5M of its ordinary shares through December 31, 2024. Michael Collins, Chairman and Chief Executive Officer said: “I am pleased that the Board of Directors has approved a new Share Repurchase Program as the Bank continues to produce significant capital by generating strong risk adjusted returns. Since listing on the New York Stock Exchange in 2016, Butterfield has continued to provide shareholder return through dividends and share repurchases.”