Butterfield Bank Announces New Share Repurchase Program
Ticker: NTB · Form: 6-K · Filed: Dec 9, 2024 · CIK: 1653242
Sentiment: neutral
Topics: share-repurchase, foreign-private-issuer
TL;DR
Butterfield Bank is buying back its own stock, signaling confidence.
AI Summary
Bank of N.T. Butterfield & Son Ltd announced a new share repurchase program on December 9, 2024. The company is a foreign private issuer incorporated in Bermuda and files under the 1934 Act.
Why It Matters
Share repurchase programs can signal management's confidence in the company's valuation and potentially increase earnings per share.
Risk Assessment
Risk Level: low — This filing is an announcement of a share repurchase program, which is a routine corporate action.
Key Players & Entities
- Bank of N.T. Butterfield & Son Ltd (company) — Registrant
- December 2024 (date) — Reporting period
- 001-37877 (company) — SEC File Number
- Exhibit 99.1 (document) — Press release attachment
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934, for the month of December 2024.
What document is attached as Exhibit 99.1?
Exhibit 99.1 is a press release announcing a new share repurchase program.
Where is Bank of N.T. Butterfield & Son Ltd located?
The company's principal executive offices are located at 65 Front Street, Hamilton, HM 12, Bermuda.
Does the company file annual reports under Form 20-F or 40-F?
The registrant indicates it files annual reports under cover of Form 20-F.
What is the Commission File Number for this filing?
The Commission File Number is 001-37877.
Filing Stats: 241 words · 1 min read · ~1 pages · Grade level 10.5 · Accepted 2024-12-09 16:30:36
Filing Documents
- a6-kbntbdec2024newsharerep.htm (6-K) — 18KB
- december2024sharerepurch.htm (EX-99.1) — 8KB
- december2024sharerepurch001.jpg (GRAPHIC) — 288KB
- december2024sharerepurch002.jpg (GRAPHIC) — 92KB
- 0001653242-24-000036.txt ( ) — 550KB
From the Filing
COVER Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2024 Commission File Number 001-37877 The Bank of N.T. Butterfield Son Limited (Translation of registrant's name into English) 65 Front Street Hamilton, HM 12 Bermuda (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F o Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) o Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) o DOCUMENTS INCLUDED AS PART OF THIS FORM 6-K Attached hereto as Exhibit 99.1 is a press release announcing a new share repurchase program approved by the Board of Directors of The Bank of N.T. Butterfield Son Limited. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date December 9, 2024 THE BANK OF N.T. BUTTERFIELD SON LIMITED By s Simon Des-Etages Name Simon Des-Etages Title General Counsel and Group Chief Legal Officer 2 EXHIBIT INDEX Exhibit Description 99.1 Butterfield Announces New Share Repurchase Program 3