Bank of N.T. Butterfield & Son (NTB) Gross Margin (2015 - 2026)
Bank of N.T. Butterfield & Son's (NTB) quarterly Gross Margin came in at 98.75% in Q2 2026, down 10.0% year-over-year from 109.72% in Q2 2025, and little changed quarter-over-quarter from 98.87% in Q1 2026.
Analysis
Bank of N.T. Butterfield & Son (NTB) Gross Margin (2015 - 2026) Analysis & Trends
Bank of N.T. Butterfield & Son (NTB) has reported Gross Margin for 12 consecutive years, with 98.75% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 10.0% year-over-year to 98.75% in Q2 2026; TTM through Jun 2026 was 98.6%, a 2.0% increase from a year earlier, with the FY2025 full-year figure at 98.88%, changed 0.0% from the prior year.
- Gross Margin was 98.75% for Q2 2026 at Bank of N.T. Butterfield & Son, roughly flat from 98.87% in the prior quarter.
- Over five years, Gross Margin peaked at 99.1% in Q3 2024 and troughed at 97.56% in Q4 2022.
- A 5-year average of 98.63% and a median of 98.84% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 47 bps in 2022 and increased 24 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 97.56% in 2022, then rose by 0 bps to 97.8% in 2023, then declined by 0 bps to 97.62% in 2024, then rose by 0 bps to 97.72% in 2025, then increased by 1 bps to 98.75% in 2026.
- The last three Gross Margin figures came in at 98.75% (Q2 2026), 98.87% (Q1 2026), and 97.72% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 957.58 Bn | 957.58 Bn | - | - |
| 2 | Truist Financial | 61.06 Bn | 61.06 Bn | - | - |
| 3 | Fifth Third Bancorp | 49.23 Bn | 25.50 Bn | - | - |
| 4 | M&T Bank | 34.50 Bn | 34.50 Bn | - | - |
| 5 | Huntington Bancshares | 33.46 Bn | 28.94 Bn | - | - |
| 6 | Citizens Financial | 29.15 Bn | 29.15 Bn | - | - |
| 7 | Regions Financial | 25.31 Bn | 25.31 Bn | - | - |
| 8 | First Citizens Bancshares | 24.60 Bn | 24.08 Bn | 29.00 Mn | 39.19% |
| 9 | Keycorp | 23.13 Bn | -24.56 Bn | - | - |
| 10 | Bank of N.T. Butterfield & Son | 2.48 Bn | 180.17 Mn | 156.35 Mn | 98.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 98.75% |
| Mar 31, 2026 | 98.87% |
| Dec 31, 2025 | 97.72% |
| Sep 30, 2025 | 99.09% |
| Jun 30, 2025 | 98.84% |
| Mar 31, 2025 | 98.80% |
| Dec 31, 2024 | 97.62% |
| Sep 30, 2024 | 99.10% |
| Jun 30, 2024 | 98.89% |
| Mar 31, 2024 | 99.09% |
| Dec 31, 2023 | 97.80% |
| Sep 30, 2023 | 98.91% |
| Jun 30, 2023 | 98.83% |
| Mar 31, 2023 | 98.98% |
| Dec 31, 2022 | 97.56% |
| Sep 30, 2022 | 98.96% |
| Jun 30, 2022 | 98.79% |
| Mar 31, 2022 | 98.84% |
| Dec 31, 2021 | 98.02% |
| Sep 30, 2021 | 99.26% |