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

Bank of N.T. Butterfield & Son (NTB) reported Operating Expenses of $90.5 million for Q1 2026, down 2.91% year-over-year from $93.2 million in Q1 2025, and up 197.22% quarter-over-quarter 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 (NTB) has 12 years of Operating Expenses data on file, last reported at $90.5 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $90.5 million, down 2.91% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.6 million (down 100.9% YoY), and the FY2025 annual result was $368.8 million, up 2.71% from the prior year.
  • Operating Expenses rose to $90.5 million in Q1 2026 per NTB's latest filing, from -$93.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $93.2 million in Q1 2025 and troughed at -$93.1 million in Q4 2025.
  • A 5-year average of $35.3 million and a median of $83.5 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2023 and 2025: Operating Expenses increased 12.85% in 2023, then slumped 202.29% in 2025.
  • 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.
  • Business Quant data shows NTB's Operating Expenses at $90.5 million in Q1 2026, -$93.1 million in Q4 2025, and -$90.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Canadian Imperial Bank Of Commerce 1,329,940,501.22 Bn 1,329,940,501.43 Bn - 3.06 Bn
2 Hsbc Holdings 37,228.00 Bn 37,228.45 Bn - 609.00 Mn
3 Royal Bank Of Canada 2,913.28 Bn 2,841.72 Bn - 6.82 Bn
4 Toronto Dominion Bank 959.65 Bn 952.85 Bn - 6.11 Bn
5 Bank Of Montreal 416.15 Bn 416.15 Bn - 4.15 Bn
6 Bank Of America 390.60 Bn -216.10 Bn 29.24 Bn 18.53 Bn
7 Barclays 379.37 Bn -269.24 Bn - -6.13 Bn
8 Mitsubishi Ufj Financial 271.88 Bn -414.40 Bn 3.81 Bn -12.60 Bn
9 Wells Fargo & Company 252.38 Bn 177.30 Bn - 14.33 Bn
10 Bank of N.T. Butterfield & Son 90.92 -2.85 Bn 152.73 Mn 90.51 Mn

Historic Data

Download Data
DateValue
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