Bank of N.T. Butterfield & Son (NTB) Operating Expenses (2015 - 2026)
Bank of N.T. Butterfield & Son (NTB) posted quarterly Operating Expenses of $90.5 million for Q1 2026, down 2.91% YoY from $93.2 million in Q1 2025, and up 197.22% sequentially from -$93.1 million in Q4 2025.
Bank of N.T. Butterfield & Son (NTB) Operating Expenses (2015 - 2026) Analysis & Trends
Bank of N.T. Butterfield & Son has disclosed Operating Expenses across 12 years of filings, most recently posting $90.5 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 2.91% year-over-year to $90.5 million; the TTM figure through Mar 2026 stood at -$1.6 million (down 100.9% YoY), while the FY2025 annual figure was $368.8 million, up 2.71% from the prior year.
- Operating Expenses advanced to $90.5 million in Q1 2026, from -$93.1 million in the prior quarter.
- Over the last five years, Operating Expenses for NTB reached as high as $93.2 million in Q1 2025 and fell as low as -$93.1 million in Q4 2025.
- The 5-year median for Operating Expenses is $83.5 million (2023), against an average of $35.3 million.
- Annual changes were most pronounced in 2023 — Operating Expenses increased 12.85% — and 2025, when it plunged 202.29%.
- A 5-year view of Operating Expenses shows it stood at -$84.7 million in 2022, then declined by 8.85% to -$92.2 million in 2023, then grew by 1.74% to -$90.6 million in 2024, then decreased by 2.76% to -$93.1 million in 2025, then surged by 197.22% to $90.5 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $90.5 million, -$93.1 million, and -$90.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hsbc Holdings | 1,641.64 Bn | 1,642.09 Bn | - | 609.00 Mn |
| 2 | Bank Of America | 423.61 Bn | -183.09 Bn | 29.24 Bn | 18.53 Bn |
| 3 | Wells Fargo & Company | 264.70 Bn | 189.62 Bn | - | 14.33 Bn |
| 4 | Citigroup | 256.70 Bn | -1,928.30 Bn | 19.85 Bn | 13.84 Bn |
| 5 | UBS Group AG | 156.73 Bn | 156.73 Bn | - | - |
| 6 | Bank of New York Mellon | 100.92 Bn | 44.00 Bn | - | 3.40 Bn |
| 7 | Jpmorgan Chase | 93.06 Bn | 120.14 Bn | - | 26.85 Bn |
| 8 | Sumitomo Mitsui Financial | 92.45 Bn | 93.39 Bn | - | -19.18 Bn |
| 9 | Bank of N.T. Butterfield & Son | 2.40 Bn | -454.67 Mn | 152.73 Mn | 90.51 Mn |
| 10 | Ing Groep | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 90.51 Mn |
| Dec 31, 2025 | -93.10 Mn |
| Sep 30, 2025 | -90.80 Mn |
| Jun 30, 2025 | 91.75 Mn |
| Mar 31, 2025 | 93.22 Mn |
| Dec 31, 2024 | -90.60 Mn |
| Sep 30, 2024 | 88.77 Mn |
| Jun 30, 2024 | 91.14 Mn |
| Mar 31, 2024 | 88.53 Mn |
| Dec 31, 2023 | -92.20 Mn |
| Sep 30, 2023 | 92.53 Mn |
| Jun 30, 2023 | 83.55 Mn |
| Mar 31, 2023 | 84.11 Mn |
| Dec 31, 2022 | -84.70 Mn |
| Sep 30, 2022 | 81.99 Mn |
| Jun 30, 2022 | 82.98 Mn |
| Mar 31, 2022 | 81.96 Mn |
| Dec 31, 2021 | -83.80 Mn |
| Sep 30, 2021 | 84.41 Mn |
| Jun 30, 2021 | 84.76 Mn |