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
DateValue
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