The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Q1 2023 Earnings Conference Call April 25, 2023 10:00 AM ET

Company Participants

Noah Fields - Head of Investor Relations

Michael Collins - Chairman and Chief Executive Officer

Craig Bridgewater - Group Chief Financial Officer

Michael Schrum - President and Group Chief Risk Officer

Conference Call Participants

Justin Crowley - Piper Sandler

Eric Spector - Raymond James

Operator

Good morning. My name is Nick, and I will be your conference operator today. At this time, I'd like to welcome everybody to the First Quarter 2023 Earnings Call for The Bank of N.T. Butterfield & Son Limited. All participants will be in listen-only mode. [Operator Instructions] Please note that this event is being recorded.

Now, I'd like to turn the call over to Mr. Noah Fields, Butterfield's Head of Investor Relations. At this time, please go ahead, sir.

Noah Fields

Thank you. Good morning, everyone, and thank you for joining us. Today, we will be reviewing Butterfield's first quarter 2023 financial results. On the call, I'm joined by Michael Collins, Butterfield's Chairman and Chief Executive Officer; Craig Bridgewater, Group Chief Financial Officer; and Michael Schrum, President and Group Chief Risk Officer. Following their prepared remarks, we will open the call up for a question-and-answer session.

Yesterday afternoon, we issued a press release announcing our first quarter 2023 results. The press release and financial statements, along with a slide presentation that we will refer to during our remarks on this call are available on the Investor Relations section of our website at www.butterfieldgroup.com.

Before I turn the call over to Michael Collins, I would like to remind everyone that today's discussions will refer to certain non-GAAP measures, which we believe are important in evaluating the company's performance. For a reconciliation of these measures to U.S. GAAP, please refer to the earnings press release and slide presentation.

Today's call and associated materials may also contain certain forward-looking statements, which are subject to risks, uncertainties and other factors that may cause actual results to differ materially from those contemplated by these statements. Additional information regarding these risks can be found in our SEC filings.

I will now turn the call over to Michael Collins.

Michael Collins

Thank you, Noah, and thanks to everyone joining the call today. I am pleased with our first quarter performance and the continued strength of our balance sheet and deposit franchise. Butterfield remains a longstanding and growing provider of banking and private trust products and services with operations in highly regarded offshore jurisdictions. Our banking business benefits from leading market positions in Bermuda and the Cayman Islands with a growing presence in the Channel Islands.