The Bank of N.T. Butterfield & Son Limited reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 86.9 million compared to USD 94.6 million a year ago. Net income was USD 53.5 million compared to USD 63.1 million a year ago. Basic earnings per share from continuing operations was USD 1.13 compared to USD 1.27 a year ago. Diluted earnings per share from continuing operations was USD 1.11 compared to USD 1.26 a year ago.
For the full year, net interest income was USD 367 million compared to USD 343.6 million a year ago. Net income was USD 225.5 million compared to USD 214 million a year ago. Basic earnings per share from continuing operations was USD 4.62 compared to USD 4.32 a year ago. Diluted earnings per share from continuing operations was USD 4.58 compared to USD 4.29 a year ago.