Bank of N.T. Butterfield & Son Ltd (NTB) Tax Rate (2016 - 2023)
Bank of N.T. Butterfield & Son (NTB) reported Tax Rate of -3.26% for the quarter ended Jun 30, 2026, down 1.04 percentage points from -2.22% a year earlier and down 1.14 percentage points from the prior quarter.
Bank of N.T. Butterfield & Son Ltd (NTB) Tax Rate (2016 - 2023) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Bank of N.T. Butterfield & Son's Tax Rate came in at -2.71%, down 0.43 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at -2.53%, down 0.48 percentage points from the prior year.
- Tax Rate has declined for three consecutive years, with a five-year change of -0.94 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Tax Rate came in at -2.05% in the year ended Dec 31, 2024 (-1.71 pp), -0.34% in the year ended Dec 31, 2023 (-2.03 pp), 1.69% in the year ended Dec 31, 2022 (+3.57 pp) and -1.88% in the year ended Dec 31, 2021 (-0.29 pp).
- Five-year quarterly Tax Rate spans a low of -3.33% in the quarter ended Dec 31, 2025 and a high of 1.52% in the quarter ended Dec 31, 2023.
- Year over year, Tax Rate gained in two of the last eight quarters, with an average year-over-year change of -1.04 percentage points.
- The high point for year-over-year Tax Rate in five years was the quarter ended Dec 31, 2023 (a gain of 2.62 percentage points); the low point was the quarter ended Dec 31, 2024 (a drop of 3.97 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at -2.11% (quarter ended Mar 31, 2026), -3.33% (quarter ended Dec 31, 2025) and -2.24% (quarter ended Sep 30, 2025).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 4.43% |
| Dec 31, 2019 | 4.52% |
| Mar 31, 2019 | 0.24% |
| Sep 30, 2018 | 0.84% |
| Jun 30, 2018 | 0.68% |
| Mar 31, 2018 | 0.79% |
| Sep 30, 2017 | 0.45% |
| Jun 30, 2017 | 0.72% |
| Mar 31, 2017 | 0.49% |
| Dec 31, 2016 | 1.98% |
| Sep 30, 2016 | 0.86% |
| Jun 30, 2016 | 0.80% |
| Mar 31, 2016 | 0.98% |
Bank of N.T. Butterfield & Son Ltd Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=NTB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "NTB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=NTB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();