Bank of N.T. Butterfield & Son (NTB) Gross Margin (2015 - 2026)
Bank of N.T. Butterfield & Son (NTB) posted quarterly Gross Margin of 98.75% for 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.
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.
- In Q2 2026, Gross Margin fell 10.0% year-over-year to 98.75%; the TTM figure through Jun 2026 stood at 98.87% (up 8.0% YoY), while the FY2025 annual figure was 98.88%, changed 0.0% from the prior year.
- Gross Margin held at 98.75% in Q2 2026 per NTB's latest filing, from 98.87% in the prior quarter.
- Across five years, Gross Margin topped out at 99.1% in Q3 2024 and bottomed at 98.45% in Q4 2024.
- Historically, Gross Margin has averaged 98.86% across 5 years, with a median of 98.84% in 2022.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 39 bps — and 2025, when it soared 33 bps.
- Bank of N.T. Butterfield & Son's Gross Margin stood at 98.78% in 2022, then gained by 0 bps to 98.82% in 2023, then decreased by 0 bps to 98.45% in 2024, then increased by 0 bps to 98.78% in 2025, then fell by 0 bps to 98.75% in 2026.
- Business Quant data shows NTB's Gross Margin at 98.75% in Q2 2026, 98.87% in Q1 2026, and 98.78% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 442.66 Bn | -145.83 Bn | 30.39 Bn | 96.31% |
| 2 | Hsbc Holdings | 350.79 Bn | 350.79 Bn | - | - |
| 3 | Royal Bank Of Canada | 287.27 Bn | 88.34 Bn | - | - |
| 4 | Wells Fargo & Company | 254.74 Bn | 50.77 Bn | - | - |
| 5 | Mitsubishi Ufj Financial | 246.23 Bn | -147.39 Bn | 10.89 Bn | -47.41% |
| 6 | Citigroup | 221.13 Bn | -2,081.18 Bn | 24.75 Bn | 99.93% |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | - |
| 8 | Toronto Dominion Bank | 194.25 Bn | 19.76 Bn | - | - |
| 9 | UBS Group AG | 167.62 Bn | -48.10 Bn | - | - |
| 10 | Bank of N.T. Butterfield & Son | 2.33 Bn | -311.86 Mn | 156.35 Mn | 98.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 98.75% |
| Mar 31, 2026 | 98.87% |
| Dec 31, 2025 | 98.78% |
| Sep 30, 2025 | 99.09% |
| Jun 30, 2025 | 98.84% |
| Mar 31, 2025 | 98.80% |
| Dec 31, 2024 | 98.45% |
| Sep 30, 2024 | 99.10% |
| Jun 30, 2024 | 98.89% |
| Mar 31, 2024 | 99.09% |
| Dec 31, 2023 | 98.82% |
| Sep 30, 2023 | 98.91% |
| Jun 30, 2023 | 98.83% |
| Mar 31, 2023 | 98.98% |
| Dec 31, 2022 | 98.78% |
| Sep 30, 2022 | 98.96% |
| Jun 30, 2022 | 98.79% |
| Mar 31, 2022 | 98.84% |
| Dec 31, 2021 | 99.02% |
| Sep 30, 2021 | 99.26% |