The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: David Feaster - Raymond James - Analyst
: Hi, good morning, everybody.
Question: David Feaster - Raymond James - Analyst
: Maybe just starting, one question on the credit side, we've seen continued migration within the residential mortgage book. I was hoping, you
obviously, you talked about in the par marks like very conservatively underwritten low LTV, I was hoping you could just touch on maybe where
you're seeing, some of this, pressure and your approach to it and just kind of any thoughts on the housing market probably.
Question: David Feaster - Raymond James - Analyst
: Yeah, that's good color. And then maybe just staying on the market side. I mean, in the fair marks you talked on about growing the retail presence
in the Channel Islands. I know that's been a big focus. We've also had the expansion into Singapore. I was hoping you could just touch on the
reception in those markets where you're having success, and then, maybe other markets you're expanding into and just again how that plays into
the M&A landscape and what you're seeing.
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
APRIL 24, 2025 / 2:00PM, NTB.N - Q1 2025 Bank of NT Butterfield & Son Ltd Earnings Call
Question: David Feaster - Raymond James - Analyst
: That's great. And then just wanted to touch a bit on the margin side. There's a lot of moving parts in here, right? I mean, we've got the lag impacts
on repricing, and from the recent rate cuts, on both loans and deposits, and then we've got a ton of volatility in the bond market of late. I'm curious,
maybe how that volatility impacted your securities investment strategy and how that plays in the margin and just help us think through about the
again the repricing side on both loans and deposits is that, impacts the margin trajectory as we look forward.
Question: David Feaster - Raymond James - Analyst
: Okay. That's helpful. Thanks everybody for the color.
Question: Emily Lee - Tim Switzer - Analyst
: Hi everyone, this is Emily stepping in for Tim Switzer. Thanks for taking my question.
Question: Emily Lee - Tim Switzer - Analyst
: So just expanding on the last few questions surrounding economic uncertainty and tariffs, can you expand a little more on the impact of tariffs on
your customer base and more specifically, are there any jurisdictions that are especially impacted by tariff threats or a potential recession, whether
that's in the US or more broadly?
Question: Emily Lee - Tim Switzer - Analyst
: That's great, very helpful. Thank you. One more question I have was, in the case of a potential economic downturn, if, say, loan growth or revenue
doesn't come through as strong as expected, what levers do you have to pull on the expense of the non-interest income side to kind of hit your
earnings targets?
Question: Emily Lee - Tim Switzer - Analyst
: Great. Thanks so much for taking my question.
| 
