Bank of N.T. Butterfield & Son (NTB) Tax Rate (2015 - 2026)
Bank of N.T. Butterfield & Son (NTB) reported Tax Rate of 2.11% for Q1 2026, up 3.0% year-over-year from 2.05% in Q1 2025, and up 36.6% quarter-over-quarter from 3.33% in Q4 2025.
Bank of N.T. Butterfield & Son (NTB) Tax Rate (2015 - 2026) Analysis & Trends
Bank of N.T. Butterfield & Son (NTB) has 12 years of Tax Rate data on file, last reported at 2.11% in Q1 2026.
- Tax Rate for Q1 2026 came in at 2.11%, up 3.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.49% (down 30.0% YoY), and the FY2025 annual result was 2.53%, up 48.0% from the prior year.
- Tax Rate rose to 2.11% in Q1 2026 per NTB's latest filing, 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.
- A 5-year average of 1.66% and a median of 2.1% in 2022 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2023 and 2024: Tax Rate soared 262 bps in 2023, then sank 397 bps in 2024.
- 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 sank by 262 bps to 2.45% in 2024, then slumped by 36 bps to 3.33% in 2025, then surged by 37 bps to 2.11% in 2026.
- Business Quant data shows NTB's Tax Rate at 2.11% in Q1 2026, 3.33% in Q4 2025, and 2.24% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Canadian Imperial Bank Of Commerce | 1,329,940,501.22 Bn | 1,329,940,501.43 Bn | - | 23.02% |
| 2 | Hsbc Holdings | 37,228.00 Bn | 37,228.45 Bn | - | -21.14% |
| 3 | Royal Bank Of Canada | 2,913.28 Bn | 2,841.72 Bn | - | 21.90% |
| 4 | Toronto Dominion Bank | 959.65 Bn | 952.85 Bn | - | - |
| 5 | Bank Of Montreal | 416.15 Bn | 416.15 Bn | - | 25.14% |
| 6 | Bank Of America | 390.60 Bn | -216.10 Bn | 29.24 Bn | 17.49% |
| 7 | Barclays | 379.37 Bn | -269.24 Bn | - | -22.67% |
| 8 | Mitsubishi Ufj Financial | 271.88 Bn | -414.40 Bn | 3.81 Bn | 26.08% |
| 9 | Wells Fargo & Company | 252.38 Bn | 177.30 Bn | - | 11.55% |
| 10 | Bank of N.T. Butterfield & Son | 90.92 | -2.85 Bn | 152.73 Mn | -2.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.11% |
| Mar 31, 2026 | -2.11% |
| Dec 31, 2025 | -3.33% |
| Dec 31, 2025 | -3.33% |
| Sep 30, 2025 | -2.24% |
| Sep 30, 2025 | -2.24% |
| Jun 30, 2025 | -2.22% |
| Jun 30, 2025 | -2.22% |
| Mar 31, 2025 | -2.15% |
| Mar 31, 2025 | -2.15% |
| Dec 31, 2024 | -2.45% |
| Dec 31, 2024 | -2.45% |
| Sep 30, 2024 | -2.30% |
| Sep 30, 2024 | -2.30% |
| Jun 30, 2024 | -1.81% |
| Jun 30, 2024 | -1.81% |
| Mar 31, 2024 | -1.57% |
| Mar 31, 2024 | -1.57% |
| Dec 31, 2023 | 1.52% |
| Dec 31, 2023 | 1.52% |