Bank of N.T. Butterfield & Son Ltd 2003 AR2
The report outlines the financial and operational performance of Bank of Butterfield for the year ending December 31, 2003. The company achieved a net income of $76.5 million, representing a 14.6% increase over the previous year, excluding discontinued operations and one-time gains. Key highlights include the acquisition of financial institutions in The Bahamas and Barbados, as well as a 25% investment in Island Heritage Insurance Company in the Cayman Islands. The bank also successfully issued $125 million in subordinated capital notes and improved its efficiency ratio to 64.8%.
Company: Bank of N.T. Butterfield & Son Ltd
Sector: Financials
Country: Bermuda
Year: 2003
Type: AR2
Pages: 61
Bank of N.T. Butterfield & Son Ltd
Annual Report
The report outlines the financial and operational performance of Bank of Butterfield for the year ending December 31, 2003. The company achieved a net income of $76.5 million, representing a 14.6% increase over the previous year, excluding discontinued operations and one-time gains. Key highlights include the acquisition of financial institutions in The Bahamas and Barbados, as well as a 25% investment in Island Heritage Insurance Company in the Cayman Islands. The bank also successfully issued $125 million in subordinated capital notes and improved its efficiency ratio to 64.8%.
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Document Details
Report Year
2003
Reporting Period
Jan 1, 2003 - Dec 31, 2003
Fiscal Year
2003
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees