NORTHERN TRUST CORP (NTRS) Form 8-K — Oct 21, 2026
Northern Trust reported Q3 2026 net income of $642.9 million and diluted EPS of $3.40, up 40% and 48% respectively versus the prior-year quarter ($457.6 million, $2.29). Results included $48.7 million of pre-tax favorable notable items, including a $34.0 million gain on the sale of the guardianship services business. Excluding notable items, revenues grew 11% year over year with more than 600 basis points of positive operating leverage, and pretax income rose 21%. Trust fees grew 8% YoY to $1,373.0 million with organic growth in all three businesses, and net interest income rose 14% to $679.1 million on higher deposits and lower funding costs.
Key figures
- Eps
- 3.4
- Revenue
- 2294.4
- Guidance
- 4Q26 vs 4Q25: NII growth >500bps... total revenue growth 6-7%; full-year 2026 operating leverage 8-9% positive
- Net Income
- 642.9
- Revenue Yoy
- 13% (GAAP); 11% ex-notables
- Shares Outstanding
- 181118000
- Aum
- $2.0 trillion
- Roe
- 20.1%
- Auc a
- $19.9 trillion
- Trust fees q3
- $1,373.0M (+8% YoY)
- Nii margin fte
- 1.83% (+13bps YoY)
- Ytd net income
- $1,960.6M (+54% YoY)
- Ytd diluted eps
- $10.33 (+63% YoY)
- Notable items q3
- $48.7M pre-tax favorable
- Dividend per share
- $0.88 (up from $0.80)
- Capital returned q3
- $514.2M ($161.9M dividends + $352.3M buybacks)
- Cet1 ratio standardized
- 12.4%
- Net interest income fte q3
- $679.1M (+14% YoY)
AI analysis
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