Quarterly ResultOct 21, 2026, 06:46 AM
Northern Trust Q3 Net Income $642.9M; EPS $3.40 vs $4.23 YoY
AI Summary
Northern Trust Corporation reported third quarter 2026 net income of $642.9 million, or $3.40 per diluted common share. This represents a decrease from the previous quarter but a significant increase compared to the same period last year. Total revenue saw a year-over-year increase of 13%, driven by growth in Trust, Investment and Other Servicing Fees and Net Interest Income. The company also highlighted disciplined expense management and returned substantial capital to shareholders through dividends and share repurchases. Notable items, including a gain from the sale of a business, impacted the results.
Key Highlights
- Northern Trust reported Q3 2026 net income of $642.9 million, or $3.40 per diluted common share, a decrease from $792.2 million ($4.23 EPS) in Q2 2026 but an increase from $457.6 million ($2.29 EPS) in Q3 2025.
- Total Revenue (FTE) was $2,302.1 million, down 15% sequentially but up 13% year-over-year.
- Trust, Investment and Other Servicing Fees increased 2% sequentially to $1,373.0 million and 8% year-over-year.
- Net Interest Income (FTE) was $679.1 million, down 1% sequentially but up 14% year-over-year.
- Noninterest Expense decreased 9% sequentially to $1,492.5 million, up 5% year-over-year.
- The company returned $514.2 million to common shareholders in Q3 2026 through dividends and share repurchases.
- Common Equity Tier 1 Capital ratio was 12.4% under the Standardized Approach and 14.4% under the Advanced Approach.
- Q3 2026 results included $48.7 million pre-tax notable items, including a $34.0 million gain on the sale of guardianship services business.
Price Impact
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