The Bank of N.T. Butterfield & Son Limited. (NYSE:NTB) Q3 2024 Earnings Conference Call October 23, 2024 10:00 AM ET

Company Participants

Noah Fields - Vice President 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

David Feaster - Raymond James
William Nance - Goldman Sachs
Tim Switzer - KBW

Operator

Good morning. My name is Sagar and I will be your conference operator for today. At this time, I would like to welcome everyone to the Third Quarter 2024 Earnings Call for The Bank of N.T. Butterfield & Son Limited.

I would now like to turn the call over to Noah Fields, Butterfields Head of Investor Relations. Go ahead.

Noah Fields

Thank you, operator. Good morning everyone, and thank you for joining us. Today, we will be reviewing Butterfield's third quarter 2024 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 2024 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's third quarter operational performance and profitability continued to be strong. The bank success is a result of our client focused products and services, a solid balance sheet, a focus on efficiency, capital management and an experienced management team. In addition, our island based deposit funding and diversified revenue streams continue to be resilient.