The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Q3 2022 Earnings Conference Call November 1, 2022 10:00 AM ET

Corporate Participants

Noah Fields - Vice President, 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

Timur Braziler - Wells Fargo

Will Nance - Goldman Sachs

Michael Perito - KBW

David Feaster - Raymond James

Operator

Good morning, everyone. My name is Sashnavi, and I will be your conference operator today. At this time, I would like to welcome everyone to the Third Quarter 2022 Earnings Call for the Bank of N.T. Butterfield and Son Limited. [Operator Instructions]. Please note, this event is being recorded.

I would now like to turn the call over to Noah Fields, Butterfield's Head of Investor Relations. Please go-ahead sir.

Noah Fields

Thank you. Good morning, everyone, and thank you for joining us. Today, we will be reviewing Butterfield's third quarter 2022 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 third quarter 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.

Butterfield continued to deliver strong earnings across our offshore network of banking and wealth management platforms. We demonstrated consistent and solid fee income and remain well positioned for this period of rising market interest rates. We continue to see improving post-pandemic economic activity across our operating jurisdictions with the vast majority of border restrictions having been relaxed and tourism and business travel improving.