NORTHERN TRUST CORP

For the period ended Mar 31, 2026. Filed Apr 30, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed Apr 30, 2026

NTRS$177.89+0.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Financial Highlights (unaudited)

CONSOLIDATED FINANCIAL HIGHLIGHTS

(UNAUDITED)

	THREE MONTHS ENDED MARCH 31,
CONDENSED INCOME STATEMENTS ($ In Millions)	2026	2025	% CHANGE(1)
Noninterest Income	$1,551.6	$1,371.9	13%
Net Interest Income	654.0	568.1	15
Total Revenue	2,205.6	1,940.0	14
Provision for Credit Losses	(3.0)	1.0	N/M
Noninterest Expense	1,508.0	1,417.6	6
Income before Income Taxes	700.6	521.4	34
Provision for Income Taxes	175.1	129.4	35
Net Income	$525.5	$392.0	34%

PER COMMON SHARE
Net Income — Basic	$2.72	$1.91	43%
— Diluted	2.71	1.90	43
Cash Dividends Declared Per Common Share	0.80	0.75	7
Book Value — End of Period (EOP)	65.40	61.65	6
Market Value — EOP	139.57	98.65	41

SELECTED BALANCE SHEET DATA ($ In Millions)	MARCH 31, 2026	DECEMBER 31, 2025	% CHANGE(1)
End of Period:
Total Assets	$174,574.3	$177,132.7	(1)%
Earning Assets	161,900.0	166,194.2	(3)
Deposits	139,698.2	142,797.7	(2)
Stockholders’ Equity	12,987.3	12,957.9	—

	THREE MONTHS ENDED MARCH 31,
	2026	2025	% CHANGE(1)
Average Balances:
Total Assets	$165,297.3	$150,262.1	10%
Earning Assets	153,677.4	138,007.9	11
Deposits	129,031.8	115,919.1	11
Stockholders’ Equity	12,761.2	12,604.0	1

CLIENT ASSETS ($ In Billions)	MARCH 31, 2026	DECEMBER 31, 2025	% CHANGE(1)
AUC/A(2)	$18,553.9	$18,716.1	(1)%
AUC	14,775.3	14,889.1	(1)
AUM	1,784.9	1,803.2	(1)

(1) Percentage calculations are based on actual balances rather than the rounded amounts presented in the table above.

(2) For the purposes of disclosing AUC/A, to the extent that both custody and administration services are provided, the value of the assets is included only once in this amount.

SELECTED RATIOS AND METRICS

	THREE MONTHS ENDED MARCH 31,
	2026	2025
Financial Ratios:
Return on Average Common Equity	17.4%	13.0%
Dividend Payout Ratio	29.5	39.5
Net Interest Margin(1)	1.75	1.69

Standardized Approach · Advanced Approach
	March 31, 2026	December 31, 2025	March 31, 2026	December 31, 2025	WELL-CAPITALIZED RATIOS	MINIMUM CAPITAL RATIOS
Capital Ratios:
Northern Trust Corporation
Common Equity Tier 1 Capital	12.0%	12.6%	14.3%	15.0%	N/A	4.5%
Tier 1 Capital	12.9	13.5	15.3	16.0	6.0	6.0
Total Capital	15.3	16.1	18.0	18.8	10.0	8.0
Tier 1 Leverage	7.3	7.8	7.3	7.8	N/A	4.0
Supplementary Leverage	N/A	N/A	8.5	8.7	N/A	3.0
The Northern Trust Company
Common Equity Tier 1 Capital	11.6%	12.1%	14.1%	14.6%	6.5%	4.5%
Tier 1 Capital	11.6	12.1	14.1	14.6	8.0	6.0
Total Capital	13.7	14.3	16.4	17.0	10.0	8.0
Tier 1 Leverage	6.5	6.9	6.5	6.9	5.0	4.0
Supplementary Leverage	N/A	N/A	7.6	7.7	3.0	3.0

(1) Net interest margin is presented on a fully taxable equivalent (FTE) basis, a non-generally accepted accounting principle (GAAP) financial measure that facilitates the analysis of asset yields. The net interest margin on a GAAP basis and a reconciliation of net interest income on a GAAP basis to net interest income on an FTE basis are presented in “Reconciliation to Fully Taxable Equivalent” within the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section.

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