Northern Trust Corporation (NTRS) SEC Filings & Earnings Calls
EquiReason read 15 Northern Trust Corporation SEC filings in the last 12 months. Latest: 8-K on 2026-10-21 — Northern Trust reported Q3 2026 net income of $642.9M ($3.40 EPS), up 40% YoY, with 11% revenue growth and 600bps positive operating leverage, despite QoQ decline from notable item.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
NTRSNorthern Trust CorporationFollow NTRS — free
—
Price chart with a free account
- Market cap
- 30.7B
- P/E TTM
- 14.4
- Dividend yield
- 1.9%
- 52-week
- —
- Next earnings
- 21 Jan, in 89 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
21 Oct 20268-K · 2.02, 7.01Northern Trust reported Q3 2026 net income of $642.9M ($3.40 EPS), up 40% YoY, with 11% revenue growth and 600bps positive operating leverage, despite QoQ decline from notable items.earningsopen
Figures in the filing · each found in the filing text
| Net Income · Q3-2026 | $643M | +40% y/y |
| Diluted Earnings per Common Share · Q3-2026 | $3.40 | +48% y/y |
| Total Revenue (FTE) · Q3-2026 | $2.30B | +13% y/y |
| Trust, Investment and Other Servicing Fees · Q3-2026 | $1.37B | +8% y/y |
| Net Interest Income (FTE) · Q3-2026 | $679M | +14% y/y |
| Noninterest Expense · Q3-2026 | $1.49B | +5% y/y |
| Return on Average Common Equity · Q3-2026 | 20.1% | |
| Assets Under Custody/Administration · 2026-09-30 | $19896.60B | +9% y/y |
| Assets Under Management · 2026-09-30 | $1963.00B | +11% y/y |
Risks flagged
Sequential decline in net income and EPS due to notable items in prior quarter.
“Net income $642.9M vs $792.2M in Q2 2026; EPS $3.40 vs $4.23 QoQ.”
20 Oct 20268-K · 5.02, 7.01Northern Trust appointed Rima Qureshi to its Board of Directors, effective Oct 20, 2026. She brings technology and regulatory expertise. No material financial impact.SEC ↗
29 Sep 20268-K · 5.02, 7.01Northern Trust CFO David W. Fox, Jr. announced retirement effective March 31, 2027; internal and external search underway for successor.open
Risks flagged
CFO transition may cause temporary uncertainty; search for successor could impact strategic initiatives.
“Northern Trust plans to conduct a comprehensive internal and external search for its next Chief Financial Officer.” · word for word
3 Aug 20268-K · 8.01Announced redemption of all Series D Non-Cumulative Perpetual Preferred Stock and corresponding depositary shares on October 1, 2026.SEC ↗
30 Jul 202610-QNorthern Trust filed a 10-Q with updated financials; no specific beat or miss stated.earningsopen
Figures in the filing · each found in the filing text
| Trust, Investment and Other Servicing Fees · Q2-2026 | $1.35B | +10% y/y |
| Net Interest Income · Q2-2026 | $676M | +11% y/y |
| Total Revenue · Q2-2026 | $2.70B | +35% y/y |
| Net Income · Q2-2026 | $792M | +88% y/y |
| Net Interest Margin (FTE) · Q2-2026 | 1.8% | |
| Assets Under Custody/Administration · 2026-06-30 | $20000.20B | +11% y/y |
| Assets Under Management · 2026-06-30 | $1969.90B | +16% y/y |
| Net Income Per Common Share (Diluted) · Q2-2026 | $4.23 | +99% y/y |
Risks flagged
Restricted Cash from Russia Sanctions
“cash balances denominated in Russian rubles received for the benefit of certain clients in our Asset Servicing business are subject to distribution restrictions. As of June 30, 2026 and December 31, 2025, these balances totaled $1.9 billion and $1.8 billion, respectively” · word for word
Software Disposition Charge
“Northern Trust recorded a $61.5 million expense for the disposal of capitalized software, primarily related to the development of internal-use software that was no longer planned to be placed in service” · word for word
22 Jul 20268-K · 2.02, 7.01Net income $792M (+88% y/y); Diluted earnings per common share $4.23 (+98% y/y); Total Revenue (FTE) $2.71B (+35% y/y)earningsopen
Figures in the filing · each found in the filing text
| Net income · Q2-2026 | $792M | +88% y/y |
| Diluted earnings per common share · Q2-2026 | $4.23 | +98% y/y |
| Total Revenue (FTE) · Q2-2026 | $2.71B | +35% y/y |
| Trust, Investment and Other Servicing Fees · Q2-2026 | $1.35B | +10% y/y |
| Net Interest Income (FTE) · Q2-2026 | $683M | +11% y/y |
| Noninterest Expense · Q2-2026 | $1.64B | +16% y/y |
| Return on Average Common Equity · Q2-2026 | 25.9% | |
| Assets Under Custody/Administration · Q2-2026 | $20000.20B | +11% y/y |
| Assets Under Management · Q2-2026 | $1969.90B | +16% y/y |
Risks flagged
Notable items include $73.9M loss on AFS debt securities sold
“$73.9 million (pre-tax) loss on available for sale debt securities sold in conjunction with a repositioning of the portfolio” · word for word
Severance and software disposition charges
“$61.5 million charge related to software dispositions and $51.0 million of severance-related charges”
30 Apr 202610-QTrust, Investment and Other Servicing Fees $1.34B (+11% y/y); Net Interest Income $654M (+15% y/y); Total Revenue $2.21B (+14% y/y)open
Figures in the filing · each found in the filing text
| Trust, Investment and Other Servicing Fees · Q1-2026 | $1.34B | +11% y/y |
| Net Interest Income · Q1-2026 | $654M | +15% y/y |
| Total Revenue · Q1-2026 | $2.21B | +14% y/y |
| Net Income · Q1-2026 | $526M | +34% y/y |
| Assets Under Custody/Administration · 2026-03-31 | $18553.90B | +10% y/y |
| Assets Under Management · 2026-03-31 | $1784.90B | +11% y/y |
| Net Interest Margin (FTE) · Q1-2026 | 1.8% | |
| Diluted EPS · Q1-2026 | $2.71 | +43% y/y |
Risks flagged
Interest Rate Sensitivity
“Net Interest Income increased to $654.0 million in the current quarter primarily driven by higher deposit levels, partially offset by lower interest rates.” · word for word
21 Apr 20268-K · 7.01Revenue $8.09B (-2% y/y); Pre-tax income $2.34B (-12% y/y); Diluted EPS $8.74 (-11% y/y)open
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $8.09B | -2% y/y |
| Pre-tax income · FY2025 | $2.34B | -12% y/y |
| Diluted EPS · FY2025 | $8.74 | -11% y/y |
| Pre-tax margin · FY2025 | 28.9% | |
| Return on average common equity · FY2025 | 14.4% | |
| Assets under management · FY2025 | $500.00B |
Guidance
Medium-term targets reiterated; no new guidance provided.
Risks flagged
Revenue declined 2% in 2025, indicating potential headwinds.
“Revenue $8,086.4 million (2%) vs. 2024.”
21 Apr 20268-K · 2.02, 7.01Net income $526M (+34% y/y); Diluted EPS $2.71 (+43% y/y); Total Revenue (FTE) $2.21B (+14% y/y)earningsopen
Figures in the filing · each found in the filing text
| Net income · Q1-2026 | $526M | +34% y/y |
| Diluted EPS · Q1-2026 | $2.71 | +43% y/y |
| Total Revenue (FTE) · Q1-2026 | $2.21B | +14% y/y |
| Trust, Investment and Other Servicing Fees · Q1-2026 | $1.34B | +11% y/y |
| Net Interest Income (FTE) · Q1-2026 | $662M | +15% y/y |
| Return on Average Common Equity · Q1-2026 | 17.4% | |
| Assets Under Custody/Administration · Q1-2026 | $18553.90B | +10% y/y |
| Assets Under Management · Q1-2026 | $1784.90B | +11% y/y |
Risks flagged
Global and economic uncertainty persists, which could impact client activity and market conditions.
“CEO noted 'global and economic uncertainty persists.'”
24 Feb 202610-KTrust, Investment and Other Servicing Fees $5.02B (+6% y/y); Net Interest Income $2.41B (+11% y/y); Net Income $1.74B (-14% y/y)open
Figures in the filing · each found in the filing text
| Trust, Investment and Other Servicing Fees · Asset Servicing / Wealth Management · FY2025 | $5.02B | +6% y/y |
| Net Interest Income · FY2025 | $2.41B | +11% y/y |
| Net Income · FY2025 | $1.74B | -15% y/y |
| Total Assets · FY2025 | $177.13B | +14% y/y |
| Total Deposits · FY2025 | $142.80B | +17% y/y |
| Loans · FY2025 | $41.95B | -3% y/y |
| Allowance for Credit Losses · FY2025 | $175M | -0% y/y |
| Net Income per Common Share - Basic · FY2025 | $8.78 | -10% y/y |
| Noninterest Income · FY2025 | $5.68B | -7% y/y |
| Noninterest Expense · FY2025 | $5.75B | +2% y/y |
Risks flagged
Operational Risk from Technology and Cyber
“We are subject to many types of operational risks that could affect our earnings negatively.” · word for word
Geopolitical Risk from Russian Sanctions
“As of December 31, 2025, we held cash that accumulates in relation to Russian securities with our subcustodian and/or clearing agencies for the benefit of certain clients in our Asset Servicing business which are subject to restrictions that inhibit our ability to access or transfer such deposits, and which amount is expected to increase significantly over t” · word for word
Credit Risk from Loan Portfolio
“Adverse changes in the financial performance or condition of our borrowers resulting from market volatility, elevated interest rates, and/or weakened economic conditions could impact the borrowers’ abilities to repay outstanding loans.” · word for word
10 Feb 20268-K · 7.01Issued a Regulation FD disclosure (forward guidance or material update); filed financial statements and exhibits with this reportSEC ↗
22 Jan 20268-K · 2.02, 7.01Net Income $466M (+2% y/y); Diluted Earnings per Common Share $2.42 (+7% y/y); Total Revenue (FTE) $2.14B (+8% y/y)earningsopen
Figures in the filing · each found in the filing text
| Net Income · Q4-2025 | $466M | +2% y/y |
| Diluted Earnings per Common Share · Q4-2025 | $2.42 | +7% y/y |
| Total Revenue (FTE) · Q4-2025 | $2.14B | +8% y/y |
| Trust, Investment and Other Servicing Fees · Q4-2025 | $1.31B | +7% y/y |
| Net Interest Income (FTE) · Q4-2025 | $654M | +14% y/y |
| Noninterest Expense · Q4-2025 | $1.50B | +9% y/y |
| Return on Average Common Equity · Q4-2025 | 15.4% | |
| Assets Under Custody/Administration · Q4-2025 | $18716.10B | +12% y/y |
| Assets Under Management · Q4-2025 | $1803.20B | +12% y/y |
Risks flagged
Severance charges indicate restructuring, potential for further cost actions.
“$58.8M severance-related charges in Q4 2025”
19 Nov 20258-K · 8.01Senior Notes Principal $500M; Subordinated Notes Principal $750Mopen
Figures in the filing · each found in the filing text
| Senior Notes Principal · 2025-11-19 | $500M | |
| Subordinated Notes Principal · 2025-11-19 | $750M |
30 Oct 202510-QNorthern Trust reported Q3 2025 results with revenue up 3% YoY, fee income up 6%, net interest income up 5%, and net income down 2% YoY.earningsopen
Figures in the filing · each found in the filing text
| Trust, Investment and Other Servicing Fees · Q3-2025 | $1.27B | +6% y/y |
| Net Interest Income · Q3-2025 | $591M | +5% y/y |
| Total Revenue · Q3-2025 | $2.03B | +3% y/y |
| Net Income · Q3-2025 | $458M | -2% y/y |
| Assets Under Custody/Administration · 2025-09-30 | $18247.60B | +5% y/y |
| Assets Under Management · 2025-09-30 | $1772.70B | +9% y/y |
| Net Interest Margin (FTE) · Q3-2025 | 1.7% |
Risks flagged
Market Sensitivity
“Trust, Investment and Other Servicing Fees are based primarily on the market value of assets held in custody, managed or serviced.” · word for word
Asset Outflows
“Total assets under custody/administration and assets under custody increased from the prior-year quarter primarily driven by favorable markets and favorable currency translation, partially offset by asset outflows.” · word for word
Northern Trust Corporation — questions
- What did Northern Trust Corporation file recently?
- 15 SEC filings in the last 12 months. Latest: 8-K on 2026-10-21 — Northern Trust reported Q3 2026 net income of $642.9M ($3.40 EPS), up 40% YoY, with 11% revenue growth and 600bps positive operating leverage, despite QoQ decline from notable items.
Every figure on this page comes from Northern Trust Corporation's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.