NTRSNorthern Trust
Northern Trust Corporation (the “Corporation”) is a leading provider of wealth management, asset servicing, asset management and banking solutions to corporations, institutions, families and individuals. 10-K, Item 1
- Employees
- 23,800
- Headquarters
- Chicago, IL
- CEO
- Michael O'Grady
- Next results
- around Jan 21, 2027
What the 10-K filed 2026-02-24 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-02-24.
Big customers
Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).
No specific sentence about this in the 10-K.
Key suppliers
Parts or manufacturing that depend on one or a few suppliers.
No specific sentence about this in the 10-K.
Lawsuits and legal claims
Pending cases, settlements and what the company has set aside for them.
“In accordance with applicable accounting guidance, the Corporation records accruals for litigation and regulatory matters when those matters present loss contingencies that are both probable and reasonably estimable.”
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“When loss contingencies are not both probable and reasonably estimable, the Corporation does not record accruals.”
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“No material accruals have been recorded for pending litigation or threatened legal actions or regulatory matters.”
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“Since 2018, Visa has deposited an additional $5.6 billion into an escrow account previously established with respect to the covered litigation.”
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“In September 2018, Visa reached a proposed class settlement agreement covering damage claims but not injunctive relief claims regarding the covered litigation.”
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Guarantees and indemnities
Promises to pay someone else's debts or losses if they cannot.
“As of December 31, 2025, the Allowance for Credit Losses related to loans, undrawn loan commitments and standby letters of credit, HTM debt securities, and other financial assets, was $164.3 million, $23.3 million, $9.3 million, and $1.4 million, respectively.”
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“As of December 31, 2024, the Allowance for Credit Losses related to loans, undrawn loan commitments and standby letters of credit, HTM debt securities, and other financial assets, was $168.0 million, $30.4 million, $6.5 million, and $1.0 million, respectively.”
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“Total Allowance Assigned to Loans and Undrawn Loan Commitments and Standby Letters of Credit $ 154.2 $ 33.4 $ 187.6 $ 166.8 $ 31.6 $ 198.4”
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“At December 31, 2025, legally binding commitments to extend credit and standby letters of credit to commercial real estate borrowers totaled $268.7 million and $79.9 million, respectively.”
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“At December 31, 2024, legally binding commitments to extend credit and standby letters of credit to commercial real estate borrowers totaled $376.5 million and $81.9 million, respectively.”
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Debt covenants
Conditions in loan agreements that, if broken, can make debt due early.
No specific sentence about this in the 10-K.
Commitments off the balance sheet
1 newContracts the company must pay for later: purchase obligations, take-or-pay deals.
New “Total Off-Balance Sheet Financial Instruments $ 330,600.4 $ 18,825.8 $ 349,426.2 $ 267,669.9 $ 17,783.5 $ 285,453.4”
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Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗
Work on NTRS in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/NTRS/export.csv") into a cell.