Earnings summaries and quarterly performance for NORTHERN TRUST.
Executive leadership at NORTHERN TRUST.
Michael O’Grady
Detailed
Chief Executive Officer
CEO
Daniel Gamba
Detailed
President, Asset Management
David Fox Jr.
Detailed
Chief Financial Officer
Jason Tyler
Detailed
President, Wealth Management
Peter Cherecwich
Detailed
Chief Operating Officer
Steven Fradkin
Detailed
Vice Chairman
Teresa Parker
Detailed
President, Asset Servicing
Board of directors at NORTHERN TRUST.
Bobby Mehta
Detailed
Director
Chandra Dhandapani
Detailed
Director
Charles Tribbett III
Detailed
Director
David Smith Jr.
Detailed
Director
Dean Harrison
Detailed
Director
Donald Thompson
Detailed
Director
Jay Henderson
Detailed
Lead Independent Director
Marcy Klevorn
Detailed
Director
Martin Slark
Detailed
Director
Richard Petrino
Detailed
Director
Robert Moritz
Detailed
Director
Susan Crown
Detailed
Director
Research analysts who have asked questions during NORTHERN TRUST earnings calls.
Betsy Graseck
Morgan Stanley
6 questions for NTRS
Also covers: BAC, BK, C +8 more
Ebrahim Poonawala
Bank of America Securities
6 questions for NTRS
Also covers: , BK, BMO +30 more
David Smith
Truist Securities
5 questions for NTRS
Also covers: AESI, BK, CLB +19 more
Gerard Cassidy
RBC Capital Markets
5 questions for NTRS
Also covers: BAC, BK, BPOP +14 more
Glenn Schorr
Evercore ISI
5 questions for NTRS
Also covers: APO, BAC, BEN +14 more
Alexander Blostein
Goldman Sachs
4 questions for NTRS
Also covers: AB, AMG, AMP +31 more
Brian Bedell
Deutsche Bank
3 questions for NTRS
Also covers: AMG, AMTD, APO +22 more
James Mitchell
Seaport Global Holdings LLC
3 questions for NTRS
Also covers: BAC, BK, C +9 more
Mike Mayo
Wells Fargo
3 questions for NTRS
Also covers: BAC, BK, C +11 more
Vivek Juneja
JPMorgan Chase & Co.
3 questions for NTRS
Also covers: BAC, C, STT +2 more
Brennan Hawken
UBS Group AG
2 questions for NTRS
Also covers: AMP, AMTD, APO +26 more
Brennan Hawkin
Bank of Montreal
2 questions for NTRS
Also covers: HLI, MS, PJT
Ken Houston
Autonomous Research
2 questions for NTRS
Also covers: STT
Michael Mayo
Wells Fargo
2 questions for NTRS
Also covers: BAC, BK, C +10 more
Steven Alexopoulos
JPMorgan Chase & Co.
2 questions for NTRS
Also covers: BAC, C, CFG +10 more
Steven Chubak
Wolfe Research
2 questions for NTRS
Also covers: AMP, AMTD, APO +17 more
Brennan Hawken
UBS
1 question for NTRS
Also covers: AMTD, STT
Glenn Schorr
The Goldman Sachs Group, Inc.
1 question for NTRS
Kenneth Usdin
Jefferies
1 question for NTRS
Also covers: BK, C, FITB +7 more
Ken Usdin
Autonomous Research
1 question for NTRS
Also covers: BAC, BK, C +11 more
Sharon Leung
Wolfe Research
1 question for NTRS
Thomas Leddy
RBC Capital Markets
1 question for NTRS
Also covers: BK, BPOP, FITB +2 more
Recent press releases and 8-K filings for NTRS.
Northern Trust issues $1.25 billion of senior and subordinated notes
NTRS
Debt Issuance
- Northern Trust issued $500 million of 4.150% Senior Notes due 2030 and $750 million of 5.117% Fixed-to-Fixed Rate Subordinated Notes due 2040 on November 19, 2025.
- The Senior Notes are unsecured, rank equally with all existing and future senior debt, bear interest semi-annually at 4.150%, and are non-callable before maturity on November 19, 2030.
- The Subordinated Notes rank junior to depositors and senior debt, bear 5.117% interest until the November 19, 2035 reset date, then reset to the five-year U.S. Treasury rate plus 105 bps, and are redeemable in whole only on the reset date at 100%.
- The offering was underwritten by BofA Securities, Citigroup, J.P. Morgan Securities, Siebert Williams Shank and others, and was sold under the Company’s shelf registration on Form S-3.
Nov 19, 2025, 9:33 PM
Northern Trust Universe posts Q3 2025 market gains
NTRS
- The Northern Trust Universe delivered a 4.3% median return in Q3 2025, with ERISA plans at 3.7%, Public Funds at 4.0%, and Foundations & Endowments at 4.3%.
- Markets were buoyed by a 25 bps Fed rate cut, AI momentum and tariff stabilization; the S&P 500 rose 8.1%, Northern Trust US Equity programs returned 7.2%, Non-US Equity 6.1%, and Fixed Income 2.4%.
- Over one year, median returns stood at 5.1% for ERISA, 9.6% for Public Funds, and 10.6% for Foundations & Endowments; Public Funds allocate 26% to U.S. equity and 22% to U.S. fixed income, while Foundations & Endowments maintain over 20% in private equity.
Oct 30, 2025, 2:15 PM
Northern Trust: Canadian pension plans deliver positive Q3 returns
NTRS
- The median Canadian pension plan returned 3.6% in Q3 and 4.3% year-to-date through September 30, 2025.
- Equities were strong, with Canadian (S&P/TSX Composite) up 12.5%, U.S. (S&P 500) up 10.3%, developed markets (MSCI EAFE) up 6.9%, and emerging markets (MSCI EM) up 13.1% in CAD.
- Fixed income investors gained diversification as the FTSE Canada Universe Bond Index advanced 1.5% in CAD, led by mid-term bonds.
- The Bank of Canada cut its key rate by 25 bps to 2.50% in September, mirroring the Fed’s first 25 bps cut to 4.00–4.25%.
Oct 29, 2025, 2:15 PM
Northern Trust reports Q3 2025 earnings results
NTRS
Earnings
- Net interest income was $590.8 million with a net interest margin of 1.68% in Q3 2025.
- Total revenue (GAAP) reached $2.025 billion, generating pre-tax income of $619.5 million and a pre-tax profit margin of 30.6%.
- On a fully taxable equivalent (FTE) basis, total revenue was $2.031 billion and pre-tax income was $625.0 million, reflecting non-GAAP adjustments.
- Q3 included notable pre-tax revenue impacts of $55.3 million and expense impacts of $182.2 million related to items such as severance, FDIC assessments, and investment losses.
Oct 22, 2025, 1:00 PM
Northern Trust reports Q3 2025 results
NTRS
Earnings
Guidance Update
- Northern Trust delivered 6% revenue growth, $458 million net income, $2.29 EPS, and a 14.8% ROE, with pre-tax margin expanding 200 bps and positive operating leverage of 110 bps year-over-year.
- Assets under custody and administration rose 1% sequentially and 5% year-over-year, while assets under management increased 4% sequentially and 9% year-over-year.
- Wealth Management AUM reached $493 billion (up 11% year-over-year), and trust, investment, and servicing fees totalled $559 million, a 5% increase year-over-year.
- Operating expenses grew 4.7% year-over-year, driving the expense-to-trust fee ratio down 120 bps to 112%, and full-year expense growth remains below 5% guidance.
- Capital metrics remained robust with a 12.4% CET1 ratio, 8% Tier 1 leverage ratio, and full-year net interest income now expected to grow mid- to high-single digits.
Oct 22, 2025, 1:00 PM
Northern Trust reports Q3 2025 earnings
NTRS
Earnings
Guidance Update
Product Launch
- Under new leadership, NTAM appointed Mike Hunstad as President and launched 11 new ETF strategies, including eight industry-first fixed-income distributing ladder ETFs, driving positive flows in liquidity, ETFs, custom SMAs and fixed income.
- Asset Servicing secured major custody and fund administration mandates totaling $49 billion ($14 B Sacramento County ERS, $16 B Atlanta foundation, $19 B New Mexico ERB) and added over 100 new capital markets clients YTD, extending its market share in alternatives and non-profit healthcare coverage to 75% of top 50 systems.
- Net interest income on an FTE basis was $596 million (-3% QoQ, +5% YoY), net interest margin rose to 1.7%, and average deposits declined 5% to $116.7 billion QoQ.
- Operating expenses increased 4.7% YoY (4.4% ex-currency), common equity Tier 1 ratio improved to 12.4%, Tier 1 leverage ratio to 8%, and the firm returned $431 million to shareholders (98% payout ratio) in Q3.
- Guidance for full year includes below-5% operating expense growth and mid- to high-single-digit NII growth over prior year, with a target to sustain a pre-tax margin above 30%.
Oct 22, 2025, 1:00 PM
Northern Trust reports Q3 2025 results
NTRS
Earnings
Dividends
Share Buyback
- Northern Trust posted Q3 net income of $457.6 million and diluted EPS of $2.29, up 9% sequentially and 3% year-over-year.
- Total revenue (FTE) rose to $2,030.9 million, driven by trust fees of $1,265.5 million and net interest income of $596.3 million.
- Return on average common equity was 14.8%, with a pre-tax profit margin of 30.8%.
- Returned $431.3 million to shareholders via dividends and buybacks: a dividend of $0.80 per share and repurchase of 2.16 million shares for $277.0 million.
- Assets under custody/administration reached $18.25 trillion and assets under management were $1.77 trillion as of September 30, 2025.
Oct 22, 2025, 11:05 AM
Northern Trust declares Q4 2025 dividends
NTRS
Dividends
- $0.80 quarterly cash dividend on common stock, payable January 1, 2026; record date December 5, 2025
- $293.75 per share dividend on Series E non-cumulative perpetual preferred stock (equivalent to $0.29375 per depository share), payable January 1, 2026; record date December 15, 2025
- As of June 30, 2025, assets under custody/administration totaled $18.1 trillion and assets under management totaled $1.7 trillion
Oct 21, 2025, 9:49 PM
Rezolve Ai Sees Institutional Ownership Exceed 10%
NTRS
- Institutional ownership has surpassed 10%, with new stakes from Citadel, BlackRock, Vanguard, Jane Street, Northern Trust, Man Group, and State Street.
- Rezolve trades at only ~17x ARR, versus 36x–100x for AI peers like Anthropic and Sierra AI, highlighting a valuation gap.
- The company expects to exceed $100 million ARR in 2025 and currently has a market capitalization of ~$1.7 billion.
- Inclusion in the Russell 2000 and 3000 indices reflects accelerating investor confidence and customer adoption.
Sep 12, 2025, 12:02 PM
Mercurity Fintech expands institutional ownership following Russell 2000 inclusion
NTRS
- Following its inclusion in the Russell 2000 Index, Mercurity Fintech saw major asset managers—BlackRock, State Street, Vanguard, and Northern Trust—report new or increased holdings in early to mid-August 2025.
- Notable pension funds, including the California State Teachers’ Retirement System and the New York State Common Retirement Fund, have slightly increased their MFH positions.
- These holdings are predominantly index-driven and passive, but MFH views the broader institutional base as recognition of its fintech and digital asset platform development.
- CEO Shi Qiu highlighted that expanded institutional participation boosts liquidity and raises the company’s profile within the investment community.
Aug 22, 2025, 12:30 PM
Quarterly earnings call transcripts for NORTHERN TRUST.
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