Updated: May 28, 2023 08:43 PM
Butterfield Bank’s Front Street, Hamilton banking centre (Photograph supplied)
Shareholders of the The Bank of N.T. Butterfield & Son Limited held their annual general meeting in virtual format Wednesday morning, re-electing the bank’s board.
Returned as directors were Michael Collins, Alastair Barbour, Sonia Baxendale, Mark Lynch, Ingrid Pierce, Jana Schreuder, Michael Schrum, Pamela Thomas‐Graham and John Wright.
The two other housekeeping proposals on the meeting agenda were also approved by the requisite vote, including the appointment of PricewaterhouseCoopers Ltd. as the independent auditor of the bank for the year.
Laid before shareholders were the bank’s audited financial statements for the year ending December 31, 2022, in which the bank declared net income of $214 million, or $4.29 per share.
The return on average common equity for the year was 25.7 per cent compared to 16.8 per cent for the year ended December 31, 2021.
Michael Collins, chief executive officer, the Bank of N.T. Butterfield & Son Limited (Photograph supplied)
Alastair Barbour,director, RSA Insurance Group plc, Liontrust Asset Management plc, Phoenix Group Holdings plc (Photograph supplied)
Sonia Baxendale, president and chief executive officer, Global Risk Institute (Photograph supplied)
Mark Lynch,retired partner, Wellington Management Company (Photograph supplied)
Ingrid Pierce, global managing partner of Walkers (Photograph supplied)
Jana Schreuder,former executive vice president and chief operating officer, Northern Trust Corporation (Photograph supplied)
Michael Schrum, president and group chief risk officer (Photograph supplied)
Pamela Thomas-Graham, founder and chief executive officer, Dandelion Chandelier LLC (Photograph supplied)
John R. Wright,retired bank chief executive, Clydesdale and Yorkshire Banks (Photograph supplied)