Bank of N.T. Butterfield & Son Ltd (NTB) Operating Expenses (2015 - 2026)

Over the twelve months ended Jun 30, 2026, Bank of N.T. Butterfield & Son's Operating Expenses came in at $16.45 million, down 91.0% year-over-year; for the year ended Dec 31, 2025, it was $368.83 million, up 2.7% from the prior year.

• Operating Expenses has increased for three consecutive years, with a five-year compound annual growth rate of 1.4% (years ended Dec 2020 to Dec 2025).
• By year, Operating Expenses came in at $359.09 million in the year ended Dec 31, 2024 (+1.9%), $352.34 million in the year ended Dec 31, 2023 (+6.3%), $331.6 million in the year ended Dec 31, 2022 (-0.7%) and $333.89 million in the year ended Dec 31, 2021 (-3.1%).
• The figure for the quarter ended Jun 30, 2026 ranks as the highest quarterly Operating Expenses since the quarter ended Dec 31, 2016.
• Year over year, Operating Expenses gained in three of the last five quarters, with growth averaging 3.7%.
• The high point for year-over-year Operating Expenses in five years was the quarter ended Jun 30, 2026 (growth of 19.7%); the low point was the quarter ended Sep 30, 2021 (a decline of 7.5%).
• Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at $90.51 million (quarter ended Mar 31, 2026), -$93.1 million (quarter ended Dec 31, 2025) and -$90.8 million (quarter ended Sep 30, 2025).