Bank of N.T. Butterfield & Son (NTB) Operating Expenses (2015 - 2026)
Bank of N.T. Butterfield & Son (NTB) reported Operating Expenses of $109.84 million for the quarter ended Jun 30, 2026, up 19.7% from $91.75 million a year earlier and up 21.4% from the prior quarter.
Bank of N.T. Butterfield & Son (NTB) Operating Expenses (2015 - 2026) Analysis & Trends
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).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 895.36 Bn | 924.83 Bn | - | 27.32 Bn |
| 2 | Banco Santander Chile | 425.01 Bn | 544.95 Bn | - | -3,218.32 Bn |
| 3 | Bank Of America | 389.22 Bn | -1,986.85 Bn | - | 18.63 Bn |
| 4 | Hsbc Holdings | 347.56 Bn | 347.61 Bn | - | - |
| 5 | Morgan Stanley | 304.44 Bn | -204.66 Bn | - | 13.90 Bn |
| 6 | Royal Bank Of Canada | 281.54 Bn | 132.29 Bn | - | 7.02 Bn |
| 7 | Mitsubishi Ufj Financial | 277.23 Bn | -1,311.26 Bn | 10.89 Bn | 17.50 Bn |
| 8 | Goldman Sachs | 267.12 Bn | -3,289.99 Bn | - | 11.67 Bn |
| 9 | Wells Fargo & Company | 244.76 Bn | 246.90 Bn | - | 13.66 Bn |
| 10 | Bank of N.T. Butterfield & Son | 2.35 Bn | -8.42 Bn | - | 109.84 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 109.84 Mn |
| 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 |
Bank of N.T. Butterfield & Son Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=NTB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "NTB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=NTB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();