INVESTOR CONTACT: Stephen Carroll | 312-557-3474 | Stephen.Carroll@ntrs.com
INVESTOR CONTACT: Stephen Carroll | 312-557-3474 | Stephen.Carroll@ntrs.com MEDIA CONTACT: John O'Connell | 312-444-2388 | John.O'Connell@ntrs.com NORTHERN TRUST CORPORATION REPORTS THIRD QUARTER NET INCOME OF $642.9 MILLION, EARNINGS PER DILUTED COMMON SHARE OF $3.40
— Northern Trust Corporation today reported third quarter net income per diluted common share of $3.40, compared to $4.23 in the second quarter of 2026 and $2.29 in the third quarter of 2025. Net income was $642.9 million, compared to $792.2 million in the prior quarter and $457.6 million in the prior-year quarter.
• $48.7 million (pre-tax) impact to Other Noninterest Income from notable items (after-tax $36.8 million):
• $34.0 million (pre-tax) gain on the sale of the guardianship services business, recognized in Other Operating Income (after-tax $25.7 million).
• $14.7 million (pre-tax) incremental gain related to Northern Trust’s participation in the second Visa Exchange Offer, recognized in Other Operating Income (after-tax $11.1 million).
“Northern Trust delivered strong third-quarter results, demonstrating continued progress against our One Northern Trust strategy. Compared to the prior year and excluding notable items, revenues grew 11%, while disciplined expense management generated more than 600 basis points of positive operating leverage. As a result, pretax income increased 21% and earnings per share increased 40%. All three businesses delivered organic trust-fee growth, reflecting strong execution across the company. Market conditions continued to evolve but remained constructive overall. Our diversified business model positions us to perform across a range of environments. Our strong capital position enabled us to return more than $1.5 billion to common shareholders year to date. As we enter the final quarter of the year, we remain focused on supporting our clients, investing in growth and delivering sustainable long-term value to shareholders.”
(1) For Q2 2026, Other Noninterest Income included a $525.4 million gain related to Northern Trust's participation in the second Visa Exchange Offer and a $73.9 million loss on available for sale debt securities sold in conjunction with a repositioning of the portfolio.
(2) For Q2 2026, Noninterest Expense included a $61.5 million charge related to software dispositions, a $51.0 million severance-related charge, and a $33.1 million expense related to the the Invested as One equity grant to eligible employees. (*) Net interest income and total revenue presented on a fully taxable equivalent (FTE) basis are non-generally accepted accounting principles (non- GAAP) financial measures. Refer to the Reconciliation to Fully Taxable Equivalent section for further detail. N/M - Not meaningful
(1) Assets Under Custody are a component of Assets Under Custody/Administration.
(*) Client assets for the current quarter are considered preliminary until the Form 10-Q is filed with the Securities and Exchange Commission.
Total assets under custody/administration and assets under custody increased from the prior-year quarter, primarily driven by favorable markets and net client inflows.
Total assets under management increased compared to the prior-year quarter primarily reflecting favorable markets and net client inflows.
(1) Beginning in Q2 2026, Wealth Management Trust, Investment and Other Servicing Fees by region are combined into the Private Wealth line item. Prior periods have been revised.
Asset Servicing and Wealth Management Trust, Investment and Other Servicing Fees are impacted by both one-month and one-quarter lagged asset values.
Total Asset Servicing Trust, Investment and Other Servicing Fees increased both sequentially and from the prior-year quarter.
▪ Custody and Fund Administration fees increased from the prior-year quarter primarily due to favorable markets.
▪ Investment Management fees increased from the prior-year quarter primarily due to favorable markets.
▪ Securities Lending fees increased from the prior-year quarter primarily due to higher trading volumes and spreads.
Total Wealth Management Trust, Investment and Other Servicing Fees increased both sequentially and from the prior-year quarter.
▪ Private Wealth fees increased from the prior-year quarter primarily due to favorable markets.
▪ GFO fees increased both sequentially and from the prior-year quarter primarily due to favorable markets and asset inflows. 2
(1) The current quarter gain on the sale of the guardianship services business ($34.0 million) is included entirely within Wealth Management. The prior quarter charges related to software dispositions ($61.5 million) and severance ($51.0 million) are allocated to the Reporting Segments with $100.6 million allocated to Asset Servicing and $11.9 million allocated to Wealth Management.
(2) The current quarter incremental gain related to Northern Trust's participation in the second Visa Exchange Offer ($14.7 million) is retained within Other. The prior quarter gain related to Northern Trust's participation in the second Visa Exchange Offer ($525.4 million), loss on available for sale debt securities sold in conjunction with a repositioning of the portfolio ($73.9 million), and Invested as One equity grant to eligible employees ($33.1 million) are retained within Other.
(*) Income (Loss) before Income Taxes and Pre-Tax Margin presented on a fully taxable equivalent (FTE) basis are non-generally accepted accounting principles (non-GAAP) financial measures. Refer to the Reconciliation to Fully Taxable Equivalent section for further detail.
Note: Reporting segment results are subject to reclassification when organizational changes are made. The results are also subject to refinements in revenue and expense allocation methodologies, which are typically reflected on a retrospective basis unless it is impractical to do so.
(1) Beginning in Q1 2026, Treasury Management Fees are included within Other Operating Income. Prior periods have been revised.
decreased sequentially primarily due to lower trading volumes driven by client activity and market volatility, particularly in Asia-Pacific markets. Foreign Exchange Trading Income increased compared to the prior-year quarter primarily due to higher trading volumes driven by client activity and market volatility, particularly in Asia-Pacific markets.
increased compared to the prior-year quarter primarily driven by higher volumes due to growth in outsourced trading activity.
decreased sequentially primarily due to the higher prior quarter gain related to Northern Trust’s participation in the second Visa Exchange Offer, partially offset by the $34.0 million gain on the guardianship business sale in the current quarter. Other Operating Income increased compared to the prior-year quarter primarily due to the $34.0 million gain on the guardianship business sale and the $14.7 million gain related to Northern Trust’s participation in the second Visa Exchange Offer, both in the current quarter.
reflects a $73.9 million loss on the sale of available for sale debt securities in the prior quarter related to a repositioning of the securities portfolio. 3
(1) For further detail on average earning assets, refer to the Average Balance Sheet on pg. 12.
(*) Interest income, net interest income and net interest margin presented on an FTE basis are non-GAAP financial measures. Refer to the Reconciliation to Fully Taxable Equivalent section for further detail.
on an FTE basis increased compared to the prior-year quarter primarily driven by higher deposits, a favorable deposit mix, and lower funding costs.
on an FTE basis increased compared to the prior-year quarter primarily driven by higher deposits, a favorable deposit mix, and lower funding costs.
The provision in the current quarter primarily resulted from the charge-off of one Commercial and Institutional (C&I) loan.
The negative provision in the prior quarter resulted from a decrease in the collective reserve, partially offset by an increase in individual reserves. The decrease in the collective reserve was primarily driven by a strengthening macroeconomic outlook and improved credit quality for the Commercial Real Estate and C&I portfolios. The increase in the individual reserve was driven by a small number of non-performing loans.
The negative provision in the prior-year quarter resulted from a decrease in collective reserves driven by improved macroeconomic factors primarily impacting the C&I portfolio and improved projections for Residential Real Estate. 4
decreased sequentially primarily due to the prior quarter severance charge of $51.0 million, the prior quarter $33.1 million Invested as One grant to eligible employees, and a reduction in performance-based incentives in the current quarter.
decreased sequentially primarily due to software dispositions of $61.5 million in the prior quarter. Equipment and Software expense increased compared to the prior-year quarter primarily due to higher technology expense and higher depreciation and amortization.
increased sequentially and compared to the prior-year primarily due to an increase in account servicing costs.
decreased sequentially and from the prior-year quarter primarily due to lower net tax impact from international operations, including a reduction in the current year valuation allowance attributable to U.S. foreign tax credits.
The Corporation returned $514.2 million to common shareholders in the current quarter through dividends and the repurchase of shares. During the current quarter, the Corporation declared cash dividends totaling $161.9 million to common stockholders and increased its quarterly cash dividend to $0.88 per share on common stock from the previous $0.80 per share. The Corporation repurchased 1,901,679 shares of common stock, including 12,872 withheld to satisfy tax withholding obligations related to share-based compensation, at a total cost of $352.3 million ($185.27 average price per share). The Corporation also declared cash dividends totaling $16.2 million to preferred stockholders during the current quarter. 5
The capital ratios of Northern Trust Corporation and its principal subsidiary, The Northern Trust Company, remained strong at September 30, 2026, exceeding the minimum requirements for classification as “well-capitalized” under applicable U.S. regulatory requirements.
(*) Regulatory Capital, Risk-Weighted Assets and resulting ratios for the current quarter are considered preliminary until the Form 10-Q is filed with the Securities and Exchange Commission. 6
The following table presents a reconciliation of interest income, net interest income, net interest margin, total revenue, income before taxes, and pre-tax margin prepared in accordance with GAAP to such measures on an FTE non-GAAP basis. Management believes this presentation facilitates the analysis of asset yields and provides a clearer indication of these financial measures for comparative purposes. When adjusted to an FTE basis, yields on taxable, nontaxable and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income.
(1) Net Interest Margin is calculated by dividing annualized net interest income by average interest-e arning assets.
(2) Pre-Tax Margin is calculated by dividing income before income taxes by total revenue. 7
This release may include statements which constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified typically by words or phrases such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “likely,” “plan,” “goal,” “target,” “strategy,” and similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements include statements, other than those related to historical facts, that relate to Northern Trust’s financial results and outlook, capital adequacy, dividend policy and share repurchase program, accounting estimates and assumptions, credit quality including allowance levels, future pension plan contributions, effective tax rate, anticipated expense levels, contingent liabilities, acquisitions, strategies, market and industry trends, and expectations regarding the impact of accounting pronouncements and legislation. These statements are based on Northern Trust’s current beliefs and expectations of future events or future results, and involve risks and uncertainties that are difficult to predict and subject to change. These statements are also based on assumptions about many important factors, including the factors discussed in Northern Trust’s most recent annual report on Form 10-K and other filings with the U.S. Securities and Exchange Commission, all of which are available on Northern Trust’s website. We caution you not to place undue reliance on any forward-looking statement as actual results may differ materially from those expressed or implied by forward-looking statements. Northern Trust assumes no obligation to update its forward-looking statements.
Northern Trust’s third quarter earnings conference call will be webcast on October 21, 2026.
The live call will be conducted at 8:00 a.m. CT and is accessible on Northern Trust’s website at: https://www.northerntrust.com/about-us/investor-relations A recording of the live call will be available on Northern Trust’s website following the live event, for approximately four weeks. Participants will need Windows Media or Adobe Flash software. This earnings release can also be accessed at Northern Trust’s website.
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2026, Northern Trust had assets under custody/administration of US$19.9 trillion, and assets under management of US$2.0 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions. 8
(1) Percentage calculations are based on actual balances rather than the rounded amounts presented in the table above.
(2) Beginning in Q1 2026, Treasury Management Fees are included within Other Operating Income. Prior periods have been restated.
(1) Percentage calculations are based on actual balances rather than the rounded amounts presented in the table above.
(1) Percentage calculations are based on actual balances rather than the rounded amounts presented in the table above.
(2) Interest-Bearing Due from and Deposits with Banks includes the interest- bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC.
(3) Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, Federal Home Loan Bank and Federal Reserve stock, and money market investments which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC.
(4) Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC.
(5) Other Borrowings primarily includes advances from the Federal Home Loan Bank of Chicago . 11
(1) Percentage calculations are based on actual balances rather than the rounded amounts presented in the table above.
(2) Interest-Bearing Due from and Deposits with Banks includes the interest- bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC.
(3) Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, Federal Home Loan Bank and Federal Reserve stock, and money market investments which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC.
(4) Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC.
(5) Other Borrowings primarily includes advances from the Federal Home Loan Bank of Chicago . 12
(*) Net interest margin presented on an FTE basis is a non-GAAP financial measure. Refer to the Reconciliation to Fully Taxable Equivalent section for further detail. 13
Full text with the tables
Exhibit 99.1
NEWS RELEASE
www.northerntrust.com
INVESTOR CONTACT: Stephen Carroll | 312-557-3474 | Stephen.Carroll@ntrs.com
MEDIA CONTACT: John O'Connell | 312-444-2388 | John.O'Connell@ntrs.com
NORTHERN TRUST CORPORATION REPORTS THIRD QUARTER
NET INCOME OF $642.9 MILLION, EARNINGS PER DILUTED COMMON SHARE OF $3.40
CHICAGO
,
OCTOBER 21, 2026
— Northern Trust Corporation today reported third quarter net income per diluted
common share of $3.40, compared to $4.23 in the second quarter of 2026 and $2.29
in the third quarter of 2025. Net income was $642.9 million, compared to $792.2
million in the prior quarter and $457.6 million in the prior-year quarter.
Third Quarter 2026 results included the following notable items:
• $48.7 million (pre-tax) impact to Other Noninterest Income from notable items
(after-tax $36.8 million):
• $34.0 million (pre-tax) gain on the sale of the guardianship services
business, recognized in Other Operating Income (after-tax $25.7 million).
• $14.7 million (pre-tax) incremental gain related to Northern Trust’s
participation in the second Visa Exchange Offer, recognized in Other Operating
Income (after-tax $11.1 million).
MICHAEL O’GRADY, CHAIRMAN AND CHIEF EXECUTIVE
OFFICER:
“Northern Trust delivered strong third-quarter results, demonstrating
continued progress against our One Northern Trust strategy. Compared to the
prior year and excluding notable items, revenues grew 11%, while disciplined
expense management generated more than 600 basis points of positive
operating leverage. As a result, pretax income increased 21% and earnings
per share increased 40%. All three businesses delivered organic trust-fee
growth, reflecting strong execution across the company. Market conditions
continued to evolve but remained constructive overall. Our diversified
business model positions us to perform across a range of environments. Our
strong capital position enabled us to return more than $1.5 billion to
common shareholders year to date.
As we enter the final quarter of the year, we remain focused on supporting
our clients, investing in growth and delivering sustainable long-term value
to shareholders.”
($
In
FI… Mil… %
SU… exc… Cha…
& per Q3
KEY sha… Q3 Q2 Q3 2026 Q2 Q3
ME… dat… 2026 202… 2025 vs. 20… 2025
──────────────────────────────────────────────────────────────────────────────
Tr…
In…
and $ 1,3… $ 1,3… $ 1,2… 2 % 8 %
Ot…
Se…
Fe…
Ot…
No… 250… 673… 169… -63 48
In…
Net
In… 679… 683… 596… -1 14
In…
(F…
To…
Re… $ 2,3… $ 2,7… $ 2,0… -15 % 13 %
(F…
No… $ 1,4… $ 1,6… $ 1,4… -9 % 5 %
Ex…
Pr…
for 5.4 -5.3 -17… N/M N/M
Cr…
Lo…
Pr…
for 153… 272… 161… -44 -5
In…
Ta…
FTE 7.7 7.6 5.5 1 41
Ad…
Net $ 642… $ 792… $ 457… -19 % 40 %
In…
Ea…
Al…
to $ 621… $ 782… $ 437… -20 % 42 %
Co…
Sh…
Di…
Ea…
per $ 3.40 $ 4.23 $ 2.29 -20 48
Co…
Sh…
Re…
on
Av… 20.1 % 25.9 % 14.8 %
Co…
Eq…
Av… $ 159… $ 163… $ 151… -3 % 5 %
As…
(1) For Q2 2026, Other Noninterest Income included a $525.4 million gain related
to Northern Trust's participation in the second Visa Exchange Offer and a $73.9
million loss on available for sale debt securities sold in conjunction with a
repositioning of the portfolio.
(2) For Q2 2026, Noninterest Expense included a $61.5 million charge related to
software dispositions, a $51.0 million severance-related charge, and a $33.1
million expense related to the the Invested as One equity grant to eligible
employees.
(*) Net interest income and total revenue presented on a fully taxable
equivalent (FTE) basis are non-generally accepted accounting principles (non-
GAAP) financial measures. Refer to the Reconciliation to Fully Taxable
Equivalent section for further detail.
N/M - Not meaningful
NORTHERN TRUST CORPORATION THIRD QUARTER 2026
RESULTS
CLI…
ASS…
Ass…
und…
cus…
(AU…
and
ass…
und…
man…
are
a
dri…
of
the
Cor…
tru…
inv…
and
oth…
ser…
fee…
the %
lar… Cha…
com… Sep…
of Sept… June Sept… 30, June Sep…
non… ($ In As 30, 30, 30, 2026 30, 30,
inc… Bill… of 2026* 2026 2025 vs. 2026 2025
──────────────────────────────────────────────────────────────────────────────
Ass…
Und…
Cus…
Ass… $ 18,5… $ 18,… $ 16,9… -1 % 9 %
Ser…
Wea… 1,36… 1,3… 1,25… — 8
Man…
Tot…
Ass… $ 19,8… $ 20,… $ 18,2… -1 % 9 %
Und…
Cus…
Ass…
Und…
Cus…
Ass… $ 14,4… $ 14,… $ 13,1… -1 % 10 %
Ser…
Wea… 1,34… 1,3… 1,24… — 8
Man…
Tot…
Ass… $ 15,8… $ 15,… $ 14,4… -1 % 9 %
Und…
Cus…
Ass…
Und…
Man…
Ass… $ 1,42… $ 1,4… $ 1,28… -1 % 11 %
Ser…
Wea… 535.9 533… 492.6 — 9
Man…
Tot…
Ass… $ 1,96… $ 1,9… $ 1,77… — % 11 %
Und…
Man…
(1) Assets Under Custody are a component of Assets Under Custody/Administration.
(*) Client assets for the current quarter are considered preliminary until the
Form 10-Q is filed with the Securities and Exchange Commission.
Total assets under custody/administration and assets under custody increased
from the prior-year quarter, primarily driven by favorable markets and net
client inflows.
Total assets under management increased compared to the prior-year quarter
primarily reflecting favorable markets and net client inflows.
TR…
IN…
AND
OT…
SE… %
FE… Chan…
($ Q3
In 2026
Mi… vs.
As… Q3 Q2 Q3 Q2 Q3
Se… 2026 2026 2025 2026 2025
──────────────────────────────────────────────────────────────────────────────
Cu…
and $ 511… $ 512… $ 482… — % 6 %
Fu…
Ad…
In… 175… 172… 159… 2 10
Ma…
Se… 29.4 29.4 21.2 — 38
Le…
Ot… 44.8 43.5 43.4 3 3
To…
As…
Se…
Tr…
In… $ 761… $ 757… $ 706… 1 % 8 %
and
Ot…
Se…
Fe…
We…
Ma…
Pr… $ 494… $ 483… $ 457… 2 % 8 %
We…
Gl…
Fa… 117… 109… 101… 7 16
Of…
(G…
To…
We…
Ma…
Tr…
In… $ 611… $ 592… $ 558… 3 % 9 %
and
Ot…
Se…
Fe…
To…
Co…
Tr…
In… $ 1,3… $ 1,3… $ 1,2… 2 % 8 %
and
Ot…
Se…
Fe…
(1) Beginning in Q2 2026, Wealth Management Trust, Investment and Other
Servicing Fees by region are combined into the Private Wealth line item. Prior
periods have been revised.
Asset Servicing and Wealth Management Trust, Investment and Other Servicing Fees
are impacted by both one-month and one-quarter lagged asset values.
Total Asset Servicing Trust, Investment and Other Servicing Fees increased both
sequentially and from the prior-year quarter.
▪ Custody and Fund Administration fees increased from the prior-year quarter
primarily due to favorable markets.
▪ Investment Management fees increased from the prior-year quarter primarily due
to favorable markets.
▪ Securities Lending fees increased from the prior-year quarter primarily due to
higher trading volumes and spreads.
Total Wealth Management Trust, Investment and Other Servicing Fees increased
both sequentially and from the prior-year quarter.
▪ Private Wealth fees increased from the prior-year quarter primarily due to
favorable markets.
▪ GFO fees increased both sequentially and from the prior-year quarter primarily
due to favorable markets and asset inflows.
2
NORTHERN TRUST CORPORATION THIRD QUARTER 2026
RESULTS
R…
S…
R…
($
In
M… %
I… Ch…
(… Q3
b… 20…
I… vs.
T… Q3 Q2 Q3 Q2 Q3
(… 20… 20… 20… 20… 20…
──────────────────────────────────────────────────────────────────────────────
A… $ 40… $ 32… $ 29… 25 % 38 %
S…
W… 39… 33… 34… 17 14
M…
O… 7.4 41… -1… -98 N/M
T…
I…
b… $ 80… $ 1,… $ 62… -25 % 29 %
I…
T…
(…
P…
M…
(…
A… 30… % 23… % 24… % 6.6 pts 5.6 pts
S…
W… 41… 37… 40… 3.7 0.6
M…
T…
P… 34… % 39… % 30… % -4.7 pts 4.1 pts
M…
(…
A…
L…
A… $ 5,… $ 5,… $ 5,… -8 % -1 %
S…
W… 36… 35… 36… 2 1
M…
T…
A… $ 41… $ 41… $ 41… — % 1 %
L…
A…
D…
A… $ 95… $ 10… $ 90… -5 % 6 %
S…
W… 27… 26… 25… 3 8
M…
O… 13… 15… 1,… -13 -89
T…
A… $ 12… $ 12… $ 11… -3 % 6 %
D…
(1) The current quarter gain on the sale of the guardianship services business
($34.0 million) is included entirely within Wealth Management. The prior quarter
charges related to software dispositions ($61.5 million) and severance ($51.0
million) are allocated to the Reporting Segments with $100.6 million allocated
to Asset Servicing and $11.9 million allocated to Wealth Management.
(2) The current quarter incremental gain related to Northern Trust's
participation in the second Visa Exchange Offer ($14.7 million) is retained
within Other. The prior quarter gain related to Northern Trust's participation
in the second Visa Exchange Offer ($525.4 million), loss on available for sale
debt securities sold in conjunction with a repositioning of the portfolio ($73.9
million), and Invested as One equity grant to eligible employees ($33.1 million)
are retained within Other.
(*) Income (Loss) before Income Taxes and Pre-Tax Margin presented on a fully
taxable equivalent (FTE) basis are non-generally accepted accounting principles
(non-GAAP) financial measures. Refer to the Reconciliation to Fully Taxable
Equivalent section for further detail.
Note: Reporting segment results are subject to reclassification when
organizational changes are made. The results are also subject to refinements in
revenue and expense allocation methodologies, which are typically reflected on a
retrospective basis unless it is impractical to do so.
OT…
NO…
IN… %
($ Cha…
In Q3
Mi… 2026
Ot… vs.
No… Q3 Q2 Q3 Q2 Q3
In… 2026 2026 2025 2026 2025
──────────────────────────────────────────────────────────────────────────────
Fo…
Ex… $ 84.1 $ 97… $ 57… -13 % 47 %
Tr…
In…
Se…
Co…
and 52.0 55… 41… -6 25
Tr…
In…
Ot…
Op… 113… 59… 70… -81 62
In…
In…
Se…
Ga… — -7… — N/M N/M
(L…
net
To…
Ot… $ 250… $ 67… $ 16… (6… 48%
No…
In…
(1) Beginning in Q1 2026, Treasury Management Fees are included within Other
Operating Income. Prior periods have been revised.
Foreign Exchange Trading Income
decreased sequentially primarily due to lower trading volumes driven by client
activity and market volatility, particularly in Asia-Pacific markets. Foreign
Exchange Trading Income increased compared to the prior-year quarter primarily
due to higher trading volumes driven by client activity and market volatility,
particularly in Asia-Pacific markets.
Security Commissions and Trading Income
increased compared to the prior-year quarter primarily driven by higher volumes
due to growth in outsourced trading activity.
Other Operating Income
decreased sequentially primarily due to the higher prior quarter gain related to
Northern Trust’s participation in the second Visa Exchange Offer, partially
offset by the $34.0 million gain on the guardianship business sale in the
current quarter. Other Operating Income increased compared to the prior-year
quarter primarily due to the $34.0 million gain on the guardianship business
sale and the $14.7 million gain related to Northern Trust’s participation in the
second Visa Exchange Offer, both in the current quarter.
Investment Security Gains (Losses), net
reflects a $73.9 million loss on the sale of available for sale debt securities
in the prior quarter related to a repositioning of the securities portfolio.
3
NORTHERN TRUST CORPORATION THIRD QUARTER 2026
RESULTS
N…
I…
I… %
($ Ch…
In Q3
M… 20…
N… vs.
I… Q3 Q2 Q3 Q2 Q3
I… 20… 20… 20… 20… 2025
──────────────────────────────────────────────────────────────────────────────
I…
I… $ 2,… $ 2,… $ 2,1… -5 % -3 %
(…
I… 1,… 1,… 1,5… -7 -10
E…
N…
I… $ 67… $ 68… $ 596… -1 % 14 %
I…
(…
A…
E… $ 14… $ 15… $ 139… -2 % 6 %
A…
N…
I… 1.… % 1.… % 1.70 % 2 bps 13 bps
M…
(…
(1) For further detail on average earning assets, refer to the Average Balance
Sheet on pg. 12.
(*) Interest income, net interest income and net interest margin presented on an
FTE basis are non-GAAP financial measures. Refer to the Reconciliation to Fully
Taxable Equivalent section for further detail.
bps - basis points
Net Interest Income
on an FTE basis increased compared to the prior-year quarter primarily driven by
higher deposits, a favorable deposit mix, and lower funding costs.
The Net Interest Margin
on an FTE basis increased compared to the prior-year quarter primarily driven by
higher deposits, a favorable deposit mix, and lower funding costs.
As
of %
and Cha…
PR… for Sep…
FOR ($ the Sep… June Sep… 30, June Sep…
CR… In thr… 30, 30, 30, 2026 30, 30,
LO… Mil… end… 2026 2026 2025 vs. 2026 2025
──────────────────────────────────────────────────────────────────────────────
Al…
for
Cr…
Lo…
Be…
Al…
for $ 190… $ 195… $ 224… -3 % -15 %
Cr…
Lo…
Pr…
for 5.4 -5.3 -17… N/M N/M
Cr…
Lo…
Net
Re… -11… 0.4 -0.4 N/M N/M
(C…
En…
Al…
for $ 184… $ 190… $ 206… -3 % -11 %
Cr…
Lo…
Al…
as…
to:
Lo… $ 153… $ 160… $ 164… -5 % -7 %
Un…
Lo…
Co…
and 24.9 21.9 32.1 13 -23
St…
Le…
of
Cr…
De…
Se…
and 6.3 7.5 10.2 -15 -38
Ot…
Fi…
As…
En…
Al…
for $ 184… $ 190… $ 206… -3 % -11 %
Cr…
Lo…
N/M - Not meaningful
Q3 2026
The provision in the current quarter primarily resulted from the charge-off of
one Commercial and Institutional (C&I) loan.
Q2 2026
The negative provision in the prior quarter resulted from a decrease in the
collective reserve, partially offset by an increase in individual reserves. The
decrease in the collective reserve was primarily driven by a strengthening
macroeconomic outlook and improved credit quality for the Commercial Real Estate
and C&I portfolios. The increase in the individual reserve was driven by a small
number of non-performing loans.
Q3 2025
The negative provision in the prior-year quarter resulted from a decrease in
collective reserves driven by improved macroeconomic factors primarily impacting
the C&I portfolio and improved projections for Residential Real Estate.
4
NORTHERN TRUST CORPORATION THIRD QUARTER 2026
RESULTS
NO… %
EX… Chan…
($ Q3
In 2026
Mi… vs.
No… Q3 Q2 Q3 Q2 Q3
Ex… 2026 2026 2025 2026 2025
──────────────────────────────────────────────────────────────────────────────
Co…
and $ 761… $ 868… $ 740… -12 % 3 %
Be…
Ou… 252… 246… 248… 2 2
Se…
Eq…
and 319… 378… 294… -15 9
So…
Oc… 53.1 53.5 55.0 -1 -3
Ot…
Op… 106… 92.3 85.0 15 25
Ex…
To…
No… $ 1,4… $ 1,6… $ 1,4… -9 % 5 %
Ex…
End
of
Pe… 23,… 23,… 23,… 1 % 1 %
Fu…
Eq…
Em…
Compensation and Benefits expense
decreased sequentially primarily due to the prior quarter severance charge of
$51.0 million, the prior quarter $33.1 million Invested as One grant to eligible
employees, and a reduction in performance-based incentives in the current
quarter.
Equipment and Software expense
decreased sequentially primarily due to software dispositions of $61.5 million
in the prior quarter. Equipment and Software expense increased compared to the
prior-year quarter primarily due to higher technology expense and higher
depreciation and amortization.
Other Operating Expense
increased sequentially and compared to the prior-year primarily due to an
increase in account servicing costs.
P…
F…
I… %
T… Ch…
($ Q3
In 20…
M… vs.
N… Q3 Q2 Q3 Q2 Q3
I… 20… 20… 20… 20… 2025
──────────────────────────────────────────────────────────────────────────────
I…
b… $ 79… $ 1,… $ 61… (2… 29%
I…
T…
P…
f… 15… 27… 16… -44 -5
I…
T…
N… $ 64… $ 79… $ 45… (1… 40%
I…
E…
T… 19… % 25… % 26… % -6… bps -6… bps
R…
bps - basis points
The effective tax rate
decreased sequentially and from the prior-year quarter primarily due to lower
net tax impact from international operations, including a reduction in the
current year valuation allowance attributable to U.S. foreign tax credits.
CAPITAL ACTIONS
The Corporation returned $514.2 million to common shareholders in the current
quarter through dividends and the repurchase of shares. During the current
quarter, the Corporation declared cash dividends totaling $161.9 million to
common stockholders and increased its quarterly cash dividend to $0.88 per share
on common stock from the previous $0.80 per share. The Corporation repurchased
1,901,679 shares of common stock, including 12,872 withheld to satisfy tax
withholding obligations related to share-based compensation, at a total cost of
$352.3 million ($185.27 average price per share). The Corporation also declared
cash dividends totaling $16.2 million to preferred stockholders during the
current quarter.
5
NORTHERN TRUST CORPORATION THIRD QUARTER 2026
RESULTS
REGULATORY CAPITAL
The capital ratios of Northern Trust Corporation and its principal subsidiary,
The Northern Trust Company, remained strong at September 30, 2026, exceeding the
minimum requirements for classification as “well-capitalized” under applicable
U.S. regulatory requirements.
… …
… …
… … … … … … …
… … … … … … … …
… … … … … … … …
──────────────────────────────────────────────────────────────────────────────
$ … $ … $ … $ … $ … $ …
… … … … … …
… … … … … …
$ … $ … $ … $ … $ … $ …
… … … … … …
… … … … … …
… % … % … % … % … % … % … …
… … … … … … … …
… … … … … … … …
… … … … … … … …
… … … … … … … …
… …
… …
… … … … … …
… … … … … … …
… … … … … … …
──────────────────────────────────────────────────────────────────────────────
$ … $ … $ … $ … $ … $ …
… … … … … …
… … … … … …
$ … $ … $ … $ … $ … $ …
… … … … … …
… … … … … …
… % … % … % … % … % … % … % …
… … … … … … … …
… … … … … … … …
… … … … … … … …
… … … … … … … …
(*) Regulatory Capital, Risk-Weighted Assets and resulting ratios for the
current quarter are considered preliminary until the Form 10-Q is filed with the
Securities and Exchange Commission.
6
NORTHERN TRUST CORPORATION THIRD QUARTER 2026
RESULTS
RECONCILIATION TO FULLY TAXABLE EQUIVALENT
The following table presents a reconciliation of interest income, net interest
income, net interest margin, total revenue, income before taxes, and pre-tax
margin prepared in accordance with GAAP to such measures on an FTE non-GAAP
basis. Management believes this presentation facilitates the analysis of asset
yields and provides a clearer indication of these financial measures for
comparative purposes. When adjusted to an FTE basis, yields on taxable,
nontaxable and partially taxable assets are comparable; however, the adjustment
to an FTE basis has no impact on net income.
($
in
M…
N… QU…
I… 20… 20…
I… TH… SE… FI… FO… TH…
──────────────────────────────────────────────────────────────────────────────
I…
I… $ 2,0… $ 2,1… $ 2,2… $ 2,1… $ 2,1…
-
G…
A…
F… 7.7 7.6 7.6 12.7 5.5
A…
I…
I…
(… $ 2,0… $ 2,1… $ 2,2… $ 2,1… $ 2,1…
-
N…
N…
I…
I… $ 671… $ 675… $ 654… $ 641… $ 590…
-
G…
A…
F… 7.7 7.6 7.6 12.7 5.5
A…
N…
I…
I… $ 679… $ 683… $ 661… $ 654… $ 596…
(…
-
N…
N…
I…
M… 1.80 % 1.79 % 1.73 % 1.78 % 1.68 %
-
G…
N…
I…
M… 1.83 % 1.81 % 1.75 % 1.81 % 1.70 %
(…
-
N…
T…
R…
T…
R… $ 2,2… $ 2,6… $ 2,2… $ 2,1… $ 2,0…
-
G…
A…
F… 7.7 7.6 7.6 12.7 5.5
A…
T…
R…
(… $ 2,3… $ 2,7… $ 2,2… $ 2,1… $ 2,0…
-
N…
I…
b…
I…
T…
I…
b…
I… $ 796… $ 1,0… $ 700… $ 633… $ 619…
T…
-
G…
A…
F… 7.7 7.6 7.6 12.7 5.5
A…
I…
b…
I…
T… $ 804… $ 1,0… $ 708… $ 646… $ 625…
(…
-
N…
P…
M… 34.7 % 39.5 % 31.8 % 29.9 % 30.6 %
-
G…
P…
M…
(… 34.9 % 39.6 % 32.0 % 30.3 % 30.8 %
-
N…
(1) Net Interest Margin is calculated by dividing annualized net interest income
by average interest-e arning assets.
(2) Pre-Tax Margin is calculated by dividing income before income taxes by total
revenue.
7
NORTHERN TRUST CORPORATION THIRD QUARTER 2026
RESULTS
FORWARD LOOKING STATEMENTS
This release may include statements which constitute “forward-looking
statements” within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements are
identified typically by words or phrases such as “believe,” “expect,”
“anticipate,” “intend,” “estimate,” “project,” “likely,” “plan,” “goal,”
“target,” “strategy,” and similar expressions or future or conditional verbs
such as “may,” “will,” “should,” “would,” and “could.” Forward-looking
statements include statements, other than those related to historical facts,
that relate to Northern Trust’s financial results and outlook, capital adequacy,
dividend policy and share repurchase program, accounting estimates and
assumptions, credit quality including allowance levels, future pension plan
contributions, effective tax rate, anticipated expense levels, contingent
liabilities, acquisitions, strategies, market and industry trends, and
expectations regarding the impact of accounting pronouncements and legislation.
These statements are based on Northern Trust’s current beliefs and expectations
of future events or future results, and involve risks and uncertainties that are
difficult to predict and subject to change. These statements are also based on
assumptions about many important factors, including the factors discussed in
Northern Trust’s most recent annual report on Form 10-K and other filings with
the U.S. Securities and Exchange Commission, all of which are available on
Northern Trust’s website. We caution you not to place undue reliance on any
forward-looking statement as actual results may differ materially from those
expressed or implied by forward-looking statements. Northern Trust assumes no
obligation to update its forward-looking statements.
WEBCAST OF THIRD QUARTER EARNINGS CONFERENCE CALL
Northern Trust’s third quarter earnings conference call will be webcast on
October 21, 2026.
The live call will be conducted at 8:00 a.m. CT and is accessible on Northern
Trust’s website at:
https://www.northerntrust.com/about-us/investor-relations
A recording of the live call will be available on Northern Trust’s website
following the live event, for approximately four weeks. Participants will need
Windows Media or Adobe Flash software. This earnings release can also be
accessed at Northern Trust’s website.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth
management, asset servicing, asset management and banking to corporations,
institutions, affluent families and individuals. Founded in Chicago in 1889,
Northern Trust has a global presence with offices in 24 U.S. states and
Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and
the Asia-Pacific region. As of September 30, 2026, Northern Trust had assets
under custody/administration of US$19.9 trillion, and assets under management of
US$2.0 trillion. For more than 135 years, Northern Trust has earned distinction
as an industry leader for exceptional service, financial expertise, integrity
and innovation. Visit us on northerntrust.com. Follow us on Instagram
@northerntrustcompany or Northern Trust on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago,
Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global
legal and regulatory information can be found at
https://www.northerntrust.com/terms-and-conditions.
8
NORTHERN TRUST CORPORATION
(Supplemental Consolidated Financial Information)
S…
OF
I…
D…
($
In
M… %
E… Ch…
P… Q3
S… 20…
D… vs.
N… Q3 Q2 Q3 Q2 Q3
I… 20… 20… 20… 20… 2…
──────────────────────────────────────────────────────────────────────────────
T…
I…
a… $ 1,… $ 1,… $ 1,… 2 % 8 %
O…
S…
F…
F…
E… 84… 97… 57… -… 47
T…
I…
S…
C…
a… 52… 55… 41… -6 25
T…
I…
O…
O… 11… 59… 70… -… 62
I…
I…
S…
G… — -7… — N/M N…
(…
n…
T…
N… 1,… 2,… 1,… -… 13
I…
N…
I…
I…
I… 2,… 2,… 2,… -5 -3
I…
I… 1,… 1,… 1,… -7 -10
E…
N…
I… 67… 67… 59… -1 14
I…
T… 2,… 2,… 2,… -… 13
R…
P…
f… 5.4 -5… -1… N/M N…
C…
L…
N…
E…
C…
a… 76… 86… 74… -… 3
B…
O… 25… 24… 24… 2 2
S…
E…
a… 31… 37… 29… -… 9
S…
O… 53… 53… 55… -1 -3
O…
O… 10… 92… 85… 15 25
E…
T…
N… 1,… 1,… 1,… -9 5
E…
I…
b… 79… 1,… 61… -… 29
I…
T…
P…
f… 15… 27… 16… -… -5
I…
T…
N… $ 64… $ 79… $ 45… -… % 40 %
I…
P…
S… 16… 4.7 16… N/M —
D…
N…
I…
A… $ 62… $ 78… $ 44… -… % 42 %
TO
C…
S…
E…
A…
to 4.8 5.3 4.2 -… 13
P…
S…
E…
A…
to $ 62… $ 78… $ 43… -… % 42 %
C…
S…
P…
C…
S…
N…
I…
B… $ 3.… $ 4.… $ 2.… -… % 49 %
D… 3.… 4.… 2.… -… 48
A…
C… $ 12… $ 12… $ 11… 1 % 4 %
E…
R…
on
A… 20… % 25… % 14… %
C…
E…
C…
D…
D… $ 0.… $ 0.… $ 0.… 10 % 10 %
p…
C…
S…
A…
C…
S…
O…
(…
B… 18… 18… 19… -1 % -4 %
D… 18… 18… 19… -1 -4
C…
S…
O… 18… 18… 18… -1 -4
(…
(…
(1) Percentage calculations are based on actual balances rather than the rounded
amounts presented in the table above.
(2) Beginning in Q1 2026, Treasury Management Fees are included within Other
Operating Income. Prior periods have been restated.
N/M - Not meaningful
EOP - End of period
9
NORTHERN TRUST CORPORATION
(Supplemental Consolidated Financial Information)
STATEME…
OF
INCOME
DATA
($ In
Millions
Except
Per
Share
Data) NINE
Noninte… MONTHS %
Income 2026 2025 Change(1)
──────────────────────────────────────────────────────────────────────────────
Trust,
Investm…
and $ 4,063.9 $ 3,710.4 10 %
Other
Servici…
Fees
Foreign
Exchange 268.9 166.5 61
Trading
Income
Security
Commiss…
and 159.8 120.5 33
Trading
Income
Other
Operati… 778.5 196.5 N/M
Income
Investm…
Security
Gains -73.9 — N/M
(Losses…
net
Total
Noninte… 5,197.2 4,193.9 24
Income
Net
Interest
Income
Interest 6,496.5 6,498.0 —
Income
Interest 4,495.6 4,728.6 -5
Expense
Net
Interest 2,000.9 1,769.4 13
Income
Total 7,198.1 5,963.3 21
Revenue
Provisi…
for -3.0 0.5 N/M
Credit
Losses
Noninte…
Expense
Compens…
and 2,451.3 2,227.1 10
Benefits
Outside 735.1 740.4 -1
Services
Equipme…
and 1,006.5 868.8 16
Software
Occupan… 158.0 160.9 -2
Other
Operati… 288.4 259.9 11
Expense
Total
Noninte… 4,639.3 4,257.1 9
Expense
Income
before 2,561.8 1,705.7 50
Income
Taxes
Provisi…
for 601.2 434.8 38
Income
Taxes
NET $ 1,960.6 $ 1,270.9 54 %
INCOME
Preferr…
Stock 37.1 37.1 —
Dividen…
NET
INCOME
APPLICA… $ 1,923.5 $ 1,233.8 56 %
TO
COMMON
STOCK
Earnings
Allocat…
to 14.6 11.6 26
Partici…
Securit…
Earnings
Allocat…
to $ 1,908.9 $ 1,222.2 56 %
Common
Shares
Per
Common
Share
Net
Income
Basic $ 10.38 $ 6.34 64 %
Diluted 10.33 6.32 63
Average
Common $ 12,143.8 $ 11,756.5 3 %
Equity
Return
on
Average 21.2 % 14.0 %
Common
Equity
Cash
Dividen…
Declared $ 2.48 $ 2.30 8 %
per
Common
Share
Average
Common
Shares
Outstan…
(000s)
Basic 183,831 192,647 -5 %
Diluted 184,855 193,481 -4
Common
Shares
Outstan… 181,118 189,117 -4
(EOP)
(000s)
(1) Percentage calculations are based on actual balances rather than the rounded
amounts presented in the table above.
N/M - Not meaningful
EOP - End of period
10
NORTHERN TRUST CORPORATION
(Supplemental Consolidated Financial Information)
%
Chang…
BALA… Septe…
SHEET Septe… June Sept… 30, June Septe…
($ In 30, 30, 30, 2026 30, 30,
Mill… 2026 2026 2025 vs. 2026 2025
──────────────────────────────────────────────────────────────────────────────
Asse…
Fede…
Rese…
and
Other $ 37,77… $ 50,55… $ 49,3… -25 % -23 %
Cent…
Bank
Depo…
Inte…
Due
from
and 6,294… 6,160… 6,40… 2 -2
Depo…
with
Bank…
Fede…
Funds
Sold
and
Secu… 471.2 426.5 1,85… 10 -75
Purc…
under
Agre…
to
Rese…
Debt
Secu…
Avai…
for 42,85… 38,12… 32,8… 12 30
Sale
Held
to 21,64… 23,49… 22,9… -8 -6
Matu…
Total
Debt 64,49… 61,61… 55,8… 5 15
Secu…
Loans 41,71… 43,82… 42,9… -5 -3
Other
Inte… 3,643… 3,499… 2,67… 4 36
Asse…
Total
Earn… 154,4… 166,0… 159,… -7 -3
Asse…
Allo…
for -159.8 -168.4 -174… -5 -8
Cred…
Loss…
Cash
and
Due
from
Banks 1,625… 1,201… 976.8 35 66
and
Other
Cent…
Bank
Depo…
Buil…
and 444.7 447.6 457.1 -1 -3
Equi…
Good… 707.8 709.6 712.9 — -1
Other 10,24… 11,02… 9,21… -7 11
Asse…
Total $ 167,2… $ 179,2… $ 170,… -7 % -2 %
Asse…
Liab…
and
Stoc…
Equi…
Inte…
Depo…
Savi…
Money
Mark… $ 30,58… $ 34,41… $ 29,0… -11 % 5 %
and
Other
Savi…
Cert…
and 4,765… 4,686… 7,35… 2 -35
Other
Time
Non-…
Offi… 72,70… 78,27… 73,5… -7 -1
-
Inte…
Total
Inte… 108,0… 117,3… 109,… -8 -2
Depo…
Fede…
Funds 1,566… 1,568… 1,75… — -11
Purc…
Secu…
Sold
under 397.4 175.6 371.5 126 7
Agre…
to
Repu…
Other 8,685… 8,627… 6,58… 1 32
Borr…
Seni… 3,288… 3,331… 2,84… -1 15
Notes
Long… 2,026… 2,073… 4,09… -2 -51
Debt
Total
Inte… 124,0… 133,1… 125,… -7 -1
Liab…
Dema…
and
Other 24,12… 28,20… 25,8… -14 -7
Noni…
Depo…
Other 5,766… 4,539… 5,86… 27 -2
Liab…
Total 153,9… 165,8… 157,… -7 -2
Liab…
Comm…
Equi…
Comm…
Equi…
excl…
Accu… 13,19… 13,06… 12,7… 1 4
Other
Comp…
Inco…
Accu…
Other
Comp… -718.7 -551.7 -635… 30 13
Inco…
(Los…
Total
Comm… 12,47… 12,51… 12,0… — 3
Equi…
Pref… 884.9 884.9 884.9 — —
Equi…
Total 13,36… 13,40… 12,9… — 3
Equi…
Total
Liab…
and $ 167,2… $ 179,2… $ 170,… -7 % -2 %
Stoc…
Equi…
(1) Percentage calculations are based on actual balances rather than the rounded
amounts presented in the table above.
(2) Interest-Bearing Due from and Deposits with Banks includes the interest-
bearing component of Cash and Due from Banks and Interest-Bearing Deposits with
Banks as presented on the consolidated balance sheets in our periodic filings
with the SEC.
(3) Other Interest-Earning Assets include certain community development
investments, collateral deposits with certain securities depositories and
clearing houses, Federal Home Loan Bank and Federal Reserve stock, and money
market investments which are classified in Other Assets on the consolidated
balance sheets in our periodic filings with the SEC.
(4) Cash and Due from Banks and Other Central Bank Deposits includes the
noninterest-bearing component of Federal Reserve and Other Central Bank Deposits
as presented on the consolidated balance sheets in our periodic filings with the
SEC.
(5) Other Borrowings primarily includes advances from the Federal Home Loan Bank
of Chicago .
11
NORTHERN TRUST CORPORATION
(Supplemental Consolidated Financial Information)
AV… %
BA… Ch…
SH… Q3
($ 20…
In vs.
Mi… Q3 Q2 Q3 Q2 Q3
As… 2026 2026 2025 20… 2025
──────────────────────────────────────────────────────────────────────────────
Fe…
Re…
and
Ot… $ 33,… $ 38,… $ 33,… -12 % — %
Ce…
Ba…
De…
In…
Due
fr…
and 6,3… 6,3… 5,2… 1 21
De…
wi…
Ba…
Fe…
Fu…
So…
and
Se… 523… 521… 1,3… — -60
Pu…
un…
Ag…
to
Re…
De…
Se…
Av…
for 39,… 37,… 33,… 6 21
Sa…
He…
to 22,… 23,… 22,… -4 2
Ma…
To…
De… 62,… 61,… 55,… 2 14
Se…
Lo… 41,… 41,… 41,… — 1
Ot…
In… 2,7… 3,1… 2,3… -14 15
As…
To…
Ea… 147… 151… 139… -2 6
As…
Al…
for -16… -16… -18… -1 -10
Cr…
Lo…
Ca…
and
Due
fr…
Ba… 1,1… 1,3… 1,1… -14 -2
and
Ot…
Ce…
Ba…
De…
Bu…
and 451… 453… 468… — -4
Eq…
Go… 711… 712… 712… — —
Ot… 9,5… 9,9… 9,5… -5 —
As…
To… $ 159… $ 163… $ 151… -3 % 5 %
As…
Li…
and
St…
Eq…
In…
De…
Sa…
Mo…
Ma… $ 32,… $ 32,… $ 28,… -1 % 13 %
and
Ot…
Sa…
Ce…
and 4,7… 5,0… 6,7… -7 -30
Ot…
Ti…
No…
Of… 68,… 70,… 65,… -4 4
-
In…
To…
In… 104… 108… 100… -3 5
De…
Fe…
Fu… 2,1… 2,3… 2,4… -8 -13
Pu…
Se…
So…
un… 616… 677… 500… -9 23
Ag…
to
Re…
Ot… 8,7… 8,2… 6,9… 6 27
Bo…
Se… 3,3… 3,3… 2,8… -1 17
No…
Lo… 2,0… 2,8… 4,0… -28 -50
De…
To…
In… 121… 125… 117… -3 4
Li…
De…
and
Ot… 18,… 19,… 16,… -5 13
No…
De…
Ot… 5,6… 5,1… 4,7… 9 18
Li…
To… 146… 150… 138… -3 6
Li…
Co…
Eq…
Co…
Eq…
ex…
Ac… 12,… 12,… 12,… 1 3
Ot…
Co…
In…
Ac…
Ot…
Co… -57… -56… -67… 2 -14
In…
(L…
To…
Co… 12,… 12,… 11,… 1 4
Eq…
Pr… 884… 884… 884… — —
Eq…
To… 13,… 13,… 12,… 1 4
Eq…
To…
Li…
and $ 159… $ 163… $ 151… -3 % 5 %
St…
Eq…
(1) Percentage calculations are based on actual balances rather than the rounded
amounts presented in the table above.
(2) Interest-Bearing Due from and Deposits with Banks includes the interest-
bearing component of Cash and Due from Banks and Interest-Bearing Deposits with
Banks as presented on the consolidated balance sheets in our periodic filings
with the SEC.
(3) Other Interest-Earning Assets include certain community development
investments, collateral deposits with certain securities depositories and
clearing houses, Federal Home Loan Bank and Federal Reserve stock, and money
market investments which are classified in Other Assets on the consolidated
balance sheets in our periodic filings with the SEC.
(4) Cash and Due from Banks and Other Central Bank Deposits includes the
noninterest-bearing component of Federal Reserve and Other Central Bank Deposits
as presented on the consolidated balance sheets in our periodic filings with the
SEC.
(5) Other Borrowings primarily includes advances from the Federal Home Loan Bank
of Chicago .
12
NORTHERN TRUST CORPORATION
(Supplemental Consolidated Financial Information)
Q…
T…
D…
($
In
M…
E…
P…
S…
D…
N… QU…
I… 20… 20…
S… TH… SE… FI… FO… TH…
──────────────────────────────────────────────────────────────────────────────
T…
I…
a… $ 1,3… $ 1,3… $ 1,3… $ 1,3… $ 1,2…
O…
S…
F…
O…
N… 250… 673… 210… 174… 169…
I…
N…
I… 671… 675… 654… 641… 590…
I…
T… 2,2… 2,6… 2,2… 2,1… 2,0…
R…
P…
f… 5.4 -5.3 -3.0 -8.0 -17…
C…
L…
N… 1,4… 1,6… 1,5… 1,4… 1,4…
E…
I…
b… 796… 1,0… 700… 633… 619…
I…
T…
P…
f… 153… 272… 175… 167… 161…
I…
T…
N… $ 642… $ 792… $ 525… $ 466… $ 457…
I…
P…
C…
S…
N…
I… $ 3.42 $ 4.25 $ 2.72 $ 2.44 $ 2.30
-
B…
- 3.40 4.23 2.71 2.42 2.29
D…
C…
D…
D… 0.88 0.80 0.80 0.80 0.80
p…
C…
S…
B…
V… 68.… 68.… 65.… 64.… 63.…
(…
M…
V… 169… 173… 139… 136… 134…
(…
F…
R…
R…
on
A… 20.1 % 25.9 % 17.4 % 15.4 % 14.8 %
C…
E…
N…
I… 1.80 1.79 1.73 1.78 1.68
M…
(…
N…
I… 1.83 1.81 1.75 1.81 1.70
M…
(…
A…
U…
C…
/
A…
($
in
B…
-
E…
Of
P…
A… $ 18,… $ 18,… $ 17,… $ 17,… $ 16,…
S…
W… 1,3… 1,3… 1,2… 1,2… 1,2…
M…
T…
A…
U… $ 19,… $ 20,… $ 18,… $ 18,… $ 18,…
C…
/
A…
A…
U…
C…
($
In
B…
-
E…
Of
P…
A… $ 14,… $ 14,… $ 13,… $ 13,… $ 13,…
S…
W… 1,3… 1,3… 1,2… 1,2… 1,2…
M…
T…
A… $ 15,… $ 15,… $ 14,… $ 14,… $ 14,…
U…
C…
A…
U…
M…
($
In
B…
-
E…
Of
P…
A… $ 1,4… $ 1,4… $ 1,2… $ 1,2… $ 1,2…
S…
W… 535… 533… 497… 507… 492…
M…
T…
A… $ 1,9… $ 1,9… $ 1,7… $ 1,8… $ 1,7…
U…
M…
A…
Q…
($
In
M…
-
E…
Of
P…
N… $ 55.5 $ 71.3 $ 55.0 $ 76.7 $ 78.8
L…
O…
R…
E… 1.6 — — — —
O…
(…
T…
N… $ 57.1 $ 71.3 $ 55.0 $ 76.7 $ 78.8
A…
N…
A…
/ 0.14 % 0.16 % 0.13 % 0.18 % 0.18 %
L…
a…
O…
G… $ -11… $ -0.2 $ -0.4 $ -1.4 $ -2.1
C…
G… 0.6 0.6 0.3 1.0 1.7
R…
N…
R… $ -11… $ 0.4 $ -0.1 $ -0.4 $ -0.4
(…
A…
N…
R…
(… -0.… % — % — % — % — %
to
A…
L…
A…
f…
C…
L…
A…
t…
L… $ 153… $ 160… $ 161… $ 164… $ 164…
U…
L…
C…
a… 24.9 21.9 25.5 23.3 32.1
S…
L…
of
C…
D…
S…
a… 6.3 7.5 8.6 10.7 10.2
O…
F…
A…
L…
A…
/ 2.8 x 2.3 x 2.9 x 2.1 x 2.1 x
N…
L…
(*) Net interest margin presented on an FTE basis is a non-GAAP financial
measure. Refer to the Reconciliation to Fully Taxable Equivalent section for
further detail.
13