Butterfield Bank Shares Surge on Share Repurchase Plan
Update: 2025-12-09
Description
Butterfield Banks shares surged by nearly three percent after its Board approved a $140 million share repurchase program, aiming to buy back up to three million ordinary shares. This move, starting January 1, 2026, signals confidence in the banks financial future and commitment to shareholder value. Despite initial volatility, the stock settled higher, reflecting market positivity towards this news.
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