Bank of N.T. Butterfield & Son (NTB) Operating Expenses (2015 - 2026)
Bank of N.T. Butterfield & Son (NTB) posted quarterly Operating Expenses of $109.8 million for Q2 2026, up 19.72% year-over-year from $91.8 million in Q2 2025, and up 21.36% quarter-over-quarter from $90.5 million in Q1 2026.
Bank of N.T. Butterfield & Son (NTB) Operating Expenses (2015 - 2026) Analysis & Trends
Bank of N.T. Butterfield & Son (NTB) has reported Operating Expenses for 12 consecutive years, with $109.8 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 19.72% year-over-year to $109.8 million; the TTM figure through Jun 2026 stood at $16.5 million (down 91.02% YoY), while the FY2025 annual figure was $368.8 million, up 2.71% from the prior year.
- Operating Expenses rose to $109.8 million in Q2 2026 per NTB's latest filing, from $90.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $109.8 million in Q2 2026 and bottomed at -$93.1 million in Q4 2025.
- Historically, Operating Expenses has averaged $39.4 million across 5 years, with a median of $83.8 million in 2023.
- Annual changes were most pronounced in 2025 — Operating Expenses slumped 202.29% — and 2026, when it rose 19.72%.
- Bank of N.T. Butterfield & Son's Operating Expenses stood at -$84.7 million in 2022, then fell by 8.85% to -$92.2 million in 2023, then increased by 1.74% to -$90.6 million in 2024, then slipped by 2.76% to -$93.1 million in 2025, then soared by 217.98% to $109.8 million in 2026.
- Business Quant data shows NTB's Operating Expenses at $109.8 million in Q2 2026, $90.5 million in Q1 2026, and -$93.1 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 442.66 Bn | -145.83 Bn | 30.39 Bn | 18.63 Bn |
| 2 | Hsbc Holdings | 350.79 Bn | 350.79 Bn | - | 16.82 Bn |
| 3 | Royal Bank Of Canada | 287.27 Bn | 88.34 Bn | - | 6.82 Bn |
| 4 | Wells Fargo & Company | 254.74 Bn | 50.77 Bn | - | 13.66 Bn |
| 5 | Mitsubishi Ufj Financial | 246.23 Bn | -147.39 Bn | 10.89 Bn | 17.50 Bn |
| 6 | Citigroup | 221.13 Bn | -2,081.18 Bn | 24.75 Bn | 14.22 Bn |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | -7.44 Bn |
| 8 | Toronto Dominion Bank | 194.25 Bn | 19.76 Bn | - | 6.11 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 | 109.84 Mn |
Historic Data
Download 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 |