Northern Trust Q2 Net Income $792.2M, EPS $4.23; Raises Dividend 10%

Northern Trust reported strong second-quarter 2026 financial results, with diluted earnings per common share surging 98% year-over-year to $4.23 and net income increasing 88% to $792.2 million. The results included a significant pre-tax gain of $525.4 million from the Visa Exchange Offer, partially offset by notable losses and charges. The company's Board of Directors approved a 10% increase in the quarterly dividend, reflecting confidence in its performance. Total revenue grew 35% year-over-year, driven by robust fee growth and double-digit net interest income growth, while assets under custody/administration and assets under management also saw double-digit increases.