Bank of N.T. Butterfield & Son (NTB) Research & Development (2015 - 2026)
Bank of N.T. Butterfield & Son (NTB) reported Research & Development of $15.4 million for Q1 2026, down 3.7% year-over-year from $16.0 million in Q1 2025, and down 7.44% quarter-over-quarter from $16.7 million in Q4 2025.
Bank of N.T. Butterfield & Son (NTB) Research & Development (2015 - 2026) Analysis & Trends
Bank of N.T. Butterfield & Son (NTB) has 12 years of Research & Development data on file, last reported at $15.4 million in Q1 2026.
- Research & Development for Q1 2026 came in at $15.4 million, down 3.7% year-over-year; the trailing twelve-month figure through Mar 2026 was $64.4 million (down 2.32% YoY), and the FY2025 annual result was $65.0 million, down 1.6% from the prior year.
- Research & Development fell to $15.4 million in Q1 2026 per NTB's latest filing, from $16.7 million in the prior quarter.
- Over five years, Research & Development peaked at $17.2 million in Q4 2023 and troughed at $13.9 million in Q1 2023.
- A 5-year average of $15.6 million and a median of $16.0 million in 2025 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2023: Research & Development declined 12.49% in 2022, then grew 20.02% in 2023.
- A 5-year view of Research & Development shows it stood at $14.3 million in 2022, then advanced by 20.02% to $17.2 million in 2023, then decreased by 3.45% to $16.6 million in 2024, then increased by 0.31% to $16.7 million in 2025, then decreased by 7.44% to $15.4 million in 2026.
- Business Quant data shows NTB's Research & Development at $15.4 million in Q1 2026, $16.7 million in Q4 2025, and $16.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,329,940,501.22 Bn | 1,329,940,501.43 Bn | - | 75.14 Mn |
| 2 | Hsbc Holdings | 37,228.00 Bn | 37,228.45 Bn | - | - |
| 3 | Royal Bank Of Canada | 2,913.28 Bn | 2,841.72 Bn | - | 255.80 Mn |
| 4 | Toronto Dominion Bank | 959.65 Bn | 952.85 Bn | - | - |
| 5 | Bank Of Montreal | 416.15 Bn | 416.15 Bn | - | 58.37 Mn |
| 6 | Bank Of America | 390.60 Bn | -216.10 Bn | 29.24 Bn | 2.02 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 | - | - |
| 10 | Bank of N.T. Butterfield & Son | 90.92 | -2.85 Bn | 152.73 Mn | 15.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.42 Mn |
| Dec 31, 2025 | 16.66 Mn |
| Sep 30, 2025 | 16.04 Mn |
| Jun 30, 2025 | 16.29 Mn |
| Mar 31, 2025 | 16.01 Mn |
| Dec 31, 2024 | 16.60 Mn |
| Sep 30, 2024 | 16.47 Mn |
| Jun 30, 2024 | 16.86 Mn |
| Mar 31, 2024 | 16.13 Mn |
| Dec 31, 2023 | 17.20 Mn |
| Sep 30, 2023 | 15.96 Mn |
| Jun 30, 2023 | 14.90 Mn |
| Mar 31, 2023 | 13.93 Mn |
| Dec 31, 2022 | 14.33 Mn |
| Sep 30, 2022 | 14.30 Mn |
| Jun 30, 2022 | 14.01 Mn |
| Mar 31, 2022 | 14.10 Mn |
| Dec 31, 2021 | 15.75 Mn |
| Sep 30, 2021 | 16.34 Mn |
| Jun 30, 2021 | 15.70 Mn |