Butterfield Bank’s Book-Value Outlook Meets Slower Interest Income
StockStory cited projected tangible book-value growth and strong past returns on equity, but noted slower growth in net interest income.
Key takeaways
- Consensus estimates cited by StockStory project 37.2% tangible book value per share growth over the next 12 months.
- Butterfield Bank’s net interest income grew at a 4.5% annualized rate over the past five years, according to StockStory.
StockStory highlighted Butterfield Bank’s projected tangible book value per share growth of 37.2% over the next 12 months, while flagging slower growth in net interest income.
The projection comes from consensus estimates cited by StockStory, which put tangible book value per share at $35.94. StockStory also said the bank averaged a 22.2% return on equity over the past five years.
The concern is that net interest income grew at a 4.5% annualized rate over that period, which StockStory said was weaker than the broader banking industry. The analysis noted shares had gained 3.5% over six months, versus a 13.5% rise for the S&P 500.
As of 15:47 UTC on Oct. 13, NTB traded at $58.30, up 0.03% since the previous close.
This article was produced with the help of AI technology. Source: Yahoo Finance
