Bank of N.T. Butterfield & Son (NTB) Tax Rate (2015 - 2026)

Bank of N.T. Butterfield & Son has disclosed Tax Rate across 12 years of filings, most recently posting 2.11% for Q1 2026.

• In Q1 2026, Tax Rate rose 3.0% year-over-year to 2.11%; the TTM figure through Mar 2026 stood at 2.49% (down 30.0% YoY), while the FY2025 annual figure was 2.53%, up 48.0% from the prior year.
• Tax Rate advanced to 2.11% in Q1 2026, from 3.33% in the prior quarter.
• Over the last five years, Tax Rate for NTB reached as high as 1.52% in Q4 2023 and fell as low as 3.33% in Q4 2025.
• The 5-year median for Tax Rate is 2.1% (2022), against an average of 1.66%.
• Annual changes were most pronounced in 2023 — Tax Rate soared 262 bps — and 2024, when it tumbled 397 bps.
• A 5-year view of Tax Rate shows it stood at 1.1% in 2022, then soared by 238 bps to 1.52% in 2023, then tumbled by 262 bps to 2.45% in 2024, then plunged by 36 bps to 3.33% in 2025, then surged by 37 bps to 2.11% in 2026.
• According to Business Quant data, Tax Rate over the past three periods registered 2.11%, 3.33%, and 2.24% for Q1 2026, Q4 2025, and Q3 2025 respectively.