NTB announced that it completed a share‑repurchase program in April 2026, buying back 155,261 common shares at an average price of $55.58 per share. The repurchase was executed under the bank’s existing share‑repurchase program and was intended to reduce the outstanding share count and return capital to shareholders.
The April buyback reduced the number of shares outstanding by 155,261, a modest portion of the bank’s total shares. It is part of a broader capital‑return strategy that also includes a $140 million share‑repurchase program authorized for 2026, which allows the bank to purchase up to 3.0 million shares through December 31 2026.
In comparison, NTB repurchased 0.8 million shares for $42.4 million during the first quarter of 2026, a larger volume than the April program. The bank’s 2025 share‑repurchase totaled $146.7 million, underscoring a consistent commitment to returning capital to shareholders year over year.
The share‑repurchase came shortly after NTB reported strong Q1 2026 earnings, with net income of $62.6 million and earnings per share of $1.53. The results reflected a $1.53 per diluted share EPS that beat expectations, driven by robust performance in the bank’s wealth‑management and trust services and supported by the acquisition of Rawlinson & Hunter Guernsey on April 15 2026. Chairman and CEO Michael Collins said the bank’s capital‑management priorities remain focused on supporting a quarterly cash dividend, funding organic growth, and financing potential acquisitions.
The April share‑repurchase signals NTB’s confidence in its financial position and its ongoing strategy to enhance shareholder value. By returning capital while maintaining a strong earnings base and pursuing strategic acquisitions, the bank reinforces its commitment to delivering long‑term value to investors.
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