Northern Trust Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on October 29, 2026, reporting third-quarter and nine-month financial results.

Key Highlights

  • Net income of $642.9 million for the third quarter of 2026, up 40% from $457.6 million in the third quarter of 2025, according to the filing.
  • Total revenue of $2,294.4 million for Q3 2026, a 13% increase from $2,025.4 million in Q3 2025, as reported.
  • Diluted earnings per common share of $3.40 for Q3 2026, compared with $2.29 for Q3 2025, a 48% increase per the filing.
  • Assets under custody/administration (AUC/A) of $19,817.8 billion at September 30, 2026, up 6% from $18,716.1 billion at December 31, 2025.
  • Nine-month net income of $1,960.6 million, a 54% increase from $1,270.9 million in the same period of 2025.
  • Common Equity Tier 1 capital ratio of 12.4% under the Standardized Approach at September 30, 2026, the filing disclosed.
  • 181,117,806 shares of common stock were outstanding at September 30, 2026.

Northern Trust Reports Q3 2026 Revenue and Earnings Growth Across Segments

According to the filing, Northern Trust Corporation (NASDAQ:NTRS) reported third-quarter 2026 net income of $642.9 million, compared with $457.6 million in the prior-year quarter, a 40% increase. Net income applicable to common stock was $626.7 million for Q3 2026, versus $441.4 million in Q3 2025. Total revenue reached $2,294.4 million for the quarter, driven by noninterest income of $1,623.0 million and net interest income of $671.4 million, representing year-over-year increases of 13% and 14%, respectively.

The filing reported that trust, investment and other servicing fees were $1,373.0 million for Q3 2026, up 8% from $1,265.5 million in Q3 2025. Other noninterest income rose 48% to $250.0 million from $169.1 million. Noninterest expense for the quarter was $1,492.5 million, a 5% increase from $1,422.9 million in Q3 2025. The provision for credit losses was $5.4 million in Q3 2026, compared with a negative provision of $17.0 million in Q3 2025. Return on average common equity was 20.1% for Q3 2026, versus 14.8% in Q3 2025, per the filing.

For the nine months ended September 30, 2026, the filing disclosed total revenue of $7,198.1 million, up 21% from $5,963.3 million, and net income of $1,960.6 million, up 54% from $1,270.9 million. At period end, total assets were $167,270.3 million, down 6% from $177,132.7 million at December 31, 2025. Assets under management (AUM) stood at $1,963.0 billion at September 30, 2026, up 9% from $1,803.2 billion at December 31, 2025. Cash dividends declared per common share were $0.88 for Q3 2026, compared with $0.80 in Q3 2025.

What Was Disclosed

Northern Trust Corporation disclosed its unaudited consolidated financial results for the three and nine months ended September 30, 2026, including income statements, balance sheet data, capital ratios, per-share figures, and client asset totals, in a Form 10-Q filed October 29, 2026.