KPIs & Operating Metrics(New)

Bank of N.T. Butterfield & Son (NTB) Tax Rate (2016 - 2026)

Bank of N.T. Butterfield & Son has reported Tax Rate over the past 12 years, most recently at 2.11% for Q1 2026.

  • Quarterly Tax Rate rose 3.0% to 2.11% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 2.49% through Mar 2026, down 30.0% year-over-year, with the annual reading at 2.53% for FY2025, 48.0% up from the prior year.
  • Tax Rate was 2.11% for Q1 2026 at Bank of N.T. Butterfield & Son, up from 3.33% in the prior quarter.
  • Over five years, Tax Rate peaked at 1.52% in Q4 2023 and troughed at 3.33% in Q4 2025.
  • The 5-year median for Tax Rate is 2.1% (2022), against an average of 1.66%.
  • Year-over-year, Tax Rate soared 262bps in 2023 and then plummeted -397bps in 2024.
  • A 5-year view of Tax Rate shows it stood at 1.1% in 2022, then soared by 238bps to 1.52% in 2023, then tumbled by -262bps to 2.45% in 2024, then crashed by -36bps to 3.33% in 2025, then surged by 37bps to 2.11% in 2026.
  • Per Business Quant, the three most recent readings for NTB's Tax Rate are 2.11% (Q1 2026), 3.33% (Q4 2025), and 2.24% (Q3 2025).