Butterfield AGM held online
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.
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