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
Market Cap
$26.02B
P/E (TTM)
15.1
0
Dividend Yield
2.3%
52W High
$137.78
52W Low
$81.62
52W Range
Rank44Top 40.4%
4.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$3.58B-9.08%
4-Quarter Trend
EPS
$2.30+3.14%
4-Quarter Trend
FCF
$357.50M-11.11%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Net Interest Income Rises FTE Net Interest Income grew 4.7% to $596.3M, driven by lower funding costs, while NIM improved slightly to 1.70%.
Credit Provision Reverses Sharply Negative Provision for Credit Losses of $17.0M recorded, contrasting prior year's $8.0M provision, reflecting improved macroeconomic outlook.
Fee Income Boosted by Markets Trust, Investment, and Servicing Fees increased 6% to $1.27B, primarily reflecting favorable equity markets and net new business growth.
Balance Sheet Scale Expands Total Assets grew 9% year-over-year to $170.3B, supported by 11% growth in Total Deposits to $135.8B since year-end 2024.
Risk Factors
Nonaccrual Loans Increased Total Nonaccrual Loans rose 41% to $78.8M from December 31, 2024, driven by downgrades across multiple loan segments.
Interest Rate Sensitivity Exposure NII sensitivity analysis indicates potential downside impact of $230M over twelve months under a 200 basis point rate decrease scenario.
Noninterest Expense Rises Noninterest Expense increased 5% for the quarter to $1.42B, primarily due to higher Compensation and Equipment/Software costs.
Higher Effective Tax Rate Effective tax rate for Q3 rose to 26.1% from 22.7% year-over-year, impacted by discrete tax benefits recognized in the prior year.
Outlook
NII Outlook Positive Net Interest Income expected to benefit from favorable impact of higher deposits and continued lower funding costs in the near term.
Credit Reserve Outlook Stable Collective reserve decrease driven by improved macroeconomic factors impacting C&I and better projections for the Residential Real Estate portfolio.
Core Segment Focus Maintained Operations support moved to Enterprise Chief Operating Office effective January 2025, expenses fully allocated to Asset Servicing and Wealth Management.
Capital Ratios Remain Strong Capital ratios remain strong, exceeding 'well-capitalized' requirements, supported by DFAST results maintaining minimum CET1 at 7.0%.
Peer Comparison
Revenue (TTM)
$14.37B
Gross Margin (Latest Quarter)
0.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| NTRS | $26.02B | 15.1 | 13.4% | 2.4% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.9%
Flat Growth
4Q Net Income CAGR
0.2%
Profitability Slowly Improving
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Jan 22, 2026
EPS:$2.35
|Revenue:$2.05B
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 30, 2025|Revenue: $3.58B-9.1%|EPS: $2.30+3.1%MeetForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 30, 2025|Revenue: $3.60B-23.4%|EPS: $2.14-50.8%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: Apr 30, 2025|Revenue: $3.51B-1.4%|EPS: $1.91+99.0%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 24, 2025|Revenue: $15.88B+31.0%|EPS: $9.80+92.5%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 29, 2024|Revenue: $3.94B+22.8%|EPS: $2.23+49.7%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 1, 2024|Revenue: $4.70B+57.7%|EPS: $4.35+178.8%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: Apr 23, 2024|Revenue: $3.56B+33.6%|EPS: $0.96-36.4%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 27, 2024|Revenue: $12.12B+56.3%|EPS: $5.09-17.4%Miss