Bank of N.T. Butterfield & Son (NTB) Rent Expense (2015 - 2026)
Bank of N.T. Butterfield & Son (NTB) reported Rent Expense of $7.7 million for Q1 2026, down 12.05% year-over-year from $8.7 million in Q1 2025, and down 8.99% quarter-over-quarter from $8.4 million in Q4 2025.
Bank of N.T. Butterfield & Son (NTB) Rent Expense (2015 - 2026) Analysis & Trends
Bank of N.T. Butterfield & Son (NTB) has 12 years of Rent Expense data on file, last reported at $7.7 million in Q1 2026.
- Rent Expense for Q1 2026 came in at $7.7 million, down 12.05% year-over-year; the trailing twelve-month figure through Mar 2026 was $33.1 million (down 2.92% YoY), and the FY2025 annual result was $34.1 million, changed 0.16% from the prior year.
- Rent Expense declined to $7.7 million in Q1 2026 per NTB's latest filing, from $8.4 million in the prior quarter.
- Over five years, Rent Expense peaked at $8.8 million in Q2 2025 and troughed at $7.4 million in Q1 2023.
- A 5-year average of $8.2 million and a median of $8.2 million in 2025 frame the typical range for Rent Expense.
- The sharpest annual moves came in 2024 and 2026: Rent Expense increased 17.31% in 2024, then decreased 12.05% in 2026.
- A 5-year view of Rent Expense shows it stood at $8.0 million in 2022, then increased by 8.27% to $8.7 million in 2023, then slipped by 1.35% to $8.6 million in 2024, then slipped by 1.71% to $8.4 million in 2025, then slipped by 8.99% to $7.7 million in 2026.
- Business Quant data shows NTB's Rent Expense at $7.7 million in Q1 2026, $8.4 million in Q4 2025, and $8.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,329,940,501.22 Bn | 1,329,940,501.43 Bn | - | - |
| 2 | Hsbc Holdings | 37,228.00 Bn | 37,228.45 Bn | - | - |
| 3 | Royal Bank Of Canada | 2,913.28 Bn | 2,841.72 Bn | - | 302.64 Mn |
| 4 | Toronto Dominion Bank | 959.65 Bn | 952.85 Bn | - | - |
| 5 | Bank Of Montreal | 416.15 Bn | 416.15 Bn | - | - |
| 6 | Bank Of America | 390.60 Bn | -216.10 Bn | 29.24 Bn | 1.90 Bn |
| 7 | Barclays | 379.37 Bn | -269.24 Bn | - | - |
| 8 | Mitsubishi Ufj Financial | 271.88 Bn | -414.40 Bn | 3.81 Bn | - |
| 9 | Wells Fargo & Company | 252.38 Bn | 177.30 Bn | - | 778.00 Mn |
| 10 | Bank of N.T. Butterfield & Son | 90.92 | -2.85 Bn | 152.73 Mn | 7.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.67 Mn |
| Mar 31, 2026 | 7.67 Mn |
| Dec 31, 2025 | 8.43 Mn |
| Dec 31, 2025 | 8.43 Mn |
| Sep 30, 2025 | 8.20 Mn |
| Sep 30, 2025 | 8.20 Mn |
| Jun 30, 2025 | 8.79 Mn |
| Jun 30, 2025 | 8.79 Mn |
| Mar 31, 2025 | 8.72 Mn |
| Mar 31, 2025 | 8.72 Mn |
| Dec 31, 2024 | 8.58 Mn |
| Dec 31, 2024 | 8.58 Mn |
| Sep 30, 2024 | 8.55 Mn |
| Sep 30, 2024 | 8.55 Mn |
| Jun 30, 2024 | 8.23 Mn |
| Jun 30, 2024 | 8.23 Mn |
| Mar 31, 2024 | 8.72 Mn |
| Mar 31, 2024 | 8.72 Mn |
| Dec 31, 2023 | 8.69 Mn |
| Dec 31, 2023 | 8.69 Mn |