Bank of N.T. Butterfield & Son (NTB) Tax Provisions (2015 - 2026)
Bank of N.T. Butterfield & Son (NTB) posted quarterly Tax Provisions of -$1.6 million for Q2 2026, down 30.71% year-over-year from -$2.3 million in Q2 2025, and down 16.79% quarter-over-quarter from -$1.4 million in Q1 2026.
Bank of N.T. Butterfield & Son (NTB) Tax Provisions (2015 - 2026) Analysis & Trends
Bank of N.T. Butterfield & Son (NTB) has reported Tax Provisions for 12 consecutive years, with -$1.6 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Provisions fell 30.71% year-over-year to -$1.6 million; the TTM figure through Jun 2026 stood at -$6.5 million (down 27.38% YoY), while the FY2025 annual figure was $6.0 million, up 32.95% from the prior year.
- Tax Provisions eased to -$1.6 million in Q2 2026 per NTB's latest filing, from -$1.4 million in the prior quarter.
- Across five years, Tax Provisions topped out at $800000.0 in Q4 2023 and bottomed at -$2.2 million in Q4 2025.
- Historically, Tax Provisions has averaged -$992666.7 across 5 years, with a median of -$1.0 million in 2022.
- Annual changes were most pronounced in 2023 — Tax Provisions surged 214.29% — and 2024, when it sank 287.5%.
- Bank of N.T. Butterfield & Son's Tax Provisions stood at -$700000.0 in 2022, then soared by 214.29% to $800000.0 in 2023, then tumbled by 287.5% to -$1.5 million in 2024, then tumbled by 46.67% to -$2.2 million in 2025, then rose by 28.23% to -$1.6 million in 2026.
- Business Quant data shows NTB's Tax Provisions at -$1.6 million in Q2 2026, -$1.4 million in Q1 2026, and -$2.2 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 441.62 Bn | -146.87 Bn | 30.39 Bn | 2.49 Bn |
| 2 | Hsbc Holdings | 357.01 Bn | 357.01 Bn | - | 6.18 Bn |
| 3 | Royal Bank Of Canada | 286.58 Bn | 87.66 Bn | - | 1.17 Bn |
| 4 | Wells Fargo & Company | 254.86 Bn | 50.89 Bn | - | 1.40 Bn |
| 5 | Mitsubishi Ufj Financial | 251.70 Bn | -141.92 Bn | 10.89 Bn | 1.70 Bn |
| 6 | Citigroup | 223.37 Bn | -2,078.94 Bn | 24.75 Bn | 2.01 Bn |
| 7 | Banco Santander | 209.76 Bn | 30.11 Bn | - | - |
| 8 | Toronto Dominion Bank | 194.48 Bn | 19.99 Bn | - | 565.37 Mn |
| 9 | UBS Group AG | 167.76 Bn | -47.95 Bn | - | - |
| 10 | Bank of N.T. Butterfield & Son | 2.32 Bn | -323.74 Mn | 156.35 Mn | -1.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.58 Mn |
| Mar 31, 2026 | -1.35 Mn |
| Dec 31, 2025 | -2.20 Mn |
| Sep 30, 2025 | -1.40 Mn |
| Jun 30, 2025 | -1.21 Mn |
| Mar 31, 2025 | -1.18 Mn |
| Dec 31, 2024 | -1.50 Mn |
| Sep 30, 2024 | -1.24 Mn |
| Jun 30, 2024 | -931,000.00 |
| Mar 31, 2024 | -854,000.00 |
| Dec 31, 2023 | 800,000.00 |
| Sep 30, 2023 | -381,000.00 |
| Jun 30, 2023 | -516,000.00 |
| Mar 31, 2023 | -669,000.00 |
| Dec 31, 2022 | -700,000.00 |
| Sep 30, 2022 | -929,000.00 |
| Jun 30, 2022 | -1.06 Mn |
| Mar 31, 2022 | -975,000.00 |
| Dec 31, 2021 | -800,000.00 |
| Sep 30, 2021 | -774,000.00 |