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Northern Trust Corporation

NASDAQ•NTRS
CEO: Mr. Michael Gerard O'Grady
Sector: Financial Services
Industry: Asset Management
Listing Date: 1980-03-17
Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services. This segment serves corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds, and other institutional investors. The Wealth Management segment offers trust, investment management, custody, and philanthropic; financial consulting; guardianship and estate administration; family business consulting; family financial education; brokerage services; and private and business banking services. This segment serves high-net-worth individuals and families, business owners, executives, professionals, retirees, and established privately held businesses. The company also provides asset management services, such as active and passive equity; active and passive fixed income; cash management; muti-asset and alternative asset classes comprising private equity and hedge funds of funds; and multi-manager advisory services and products through separately managed accounts, bank common and collective funds, registered investment companies, exchange traded funds, non-U.S. collective investment funds, and unregistered private investment funds. In addition, it offers overlay and other risk management services. Northern Trust Corporation was founded in 1889 and is headquartered in Chicago, Illinois.
Contact Information
50 South La Salle Street, Chicago, IL, 60603, United States
312-630-6000
www.northerntrust.com
Market Cap
$25.72B
P/E (TTM)
14.9
0
Dividend Yield
2.3%
52W High
$157.60
52W Low
$81.62
52W Range
75%
Rank43Top 50.7%
3.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$3.61B-1.84%
4-Quarter Trend

EPS

$2.44+7.49%
4-Quarter Trend

FCF

$158.50M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Capital Strength Maintained CET1 Capital Ratio (Standardized) improved to 12.6% as of December 31, 2025, significantly exceeding regulatory requirements.
NIM Expansion Driven by Funding FTE Net Interest Margin increased to 1.72% in 2025, primarily due to higher deposits and lower funding costs.
Asset Servicing AUC/A Growth Total Assets Under Custody/Administration (AUC/A) grew 11% year-over-year to $17.42T, supporting fee revenue.
Net Income Declined 14% Net Income fell to $1.74B in 2025, largely due to a (7)% drop in Noninterest Income compared to 2024.

Risk Factors

Noninterest Income Volatility Revenue is subject to volatility from large, non-recurring items, evidenced by the $896.7M gain in 2024 Other Operating Income.
Credit Quality Deterioration Total Nonaccrual Loans increased to $76.7M in 2025, pushing the NPL ratio up to 0.18% from 0.13%.
Evolving Regulatory Burden Extensive and evolving government regulation globally increases compliance costs and operational complexity across all business lines.
Technology and Cyber Risk High dependency on IT systems and third parties creates material risk of losses from security breaches or operational failures.

Outlook

NIM Sensitivity to Rates Future Net Interest Margin remains sensitive to interest rate movements, despite recent expansion driven by funding costs.
Credit Provisioning Complexity Allowance for Credit Losses relies on complex, subjective macroeconomic forecasts, particularly sensitive to CRE portfolio outlook.
Capital Management Focus Capital distributions remain subject to Federal Reserve stress testing requirements, necessitating maintenance of strong capital buffers.
Investment in Digital Strategy Continued significant investment in technology, AI, and operational excellence to drive scalable, sustainable fee-based income growth.

Peer Comparison

Revenue (TTM)

USB stock ticker logoUSB
$42.86B
+0.3%
STT stock ticker logoSTT
$20.70B
-5.8%
MKL stock ticker logoMKL
$16.34B
-2.4%

Gross Margin (Latest Quarter)

STT stock ticker logoSTT
100.0%
+40.1pp
CFG stock ticker logoCFG
100.0%
+40.1pp
TROW stock ticker logoTROW
94.6%
+50.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
USB$80.99B10.712.1%11.3%
STT$34.06B11.610.8%8.1%
NTRS$25.72B14.913.4%9.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.9%
Moderate Growth
4Q Net Income CAGR
5.9%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 20, 2026
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LTM
No Data