The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Q2 2022 Results Conference Call July 26, 2022 10:00 AM ET

Company 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

David Feaster - Raymond James

Michael Perito - KBW

Operator

Good morning. My name is Andrew, and I will be your conference operator today. At this time, I would like to welcome everyone to the second quarter 2022 earnings call for the Bank of N.T. Butterfield and Sun Limited. [Operator Instructions]

Please note, this event is being recorded. I would now like to turn the conference over to Noah Fields, Butterfield's Head of Investor Relations.

Noah Fields

Thank you. Good morning, everyone, and thank you for joining us. Today, we will be reviewing Butterfield's second quarter 2020 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 second 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. I am very pleased with the bank's financial and operational achievements during the second quarter of 2022. We have continued to benefit from rising interest rates, disciplined expense management and increased noninterest earnings. This resulted in strong net income and earnings per share growth as well as a very strong quarterly return on tangible common equity. Butterfield continues to be a leading provider of offshore banking and private trust products and services, with operations in highly regarded jurisdictions.