Northern Trust Corporation · NASDAQ:NTRS

Northern Trust — Q3 2026 Earnings Presentation

15 slides from Northern Trust's earnings presentation, Oct 21, 2026

  1. Slide 1: Third Quarter 2026 Earnings Review

    THIRD QUARTER 2026 EARNINGS REVIEW October 21, 2026 northerntrust.com | © 2026 Northern Trust Corporation

  2. Slide 2: Financial and Strategic Highlights

    Financial and Strategic Highlights FINANCIAL HIGHLIGHTS STRATEGIC HIGHLIGHTS • Execution of One Northern Trust strategy All comparisons to same period of the prior year 3Q26 YTD • Strong third quarter financial Revenue Growth* 11% 12% Enterprise performance • Returns at or slightly better than mediu

  3. Slide 3: Financial Highlights

    FINANCIAL HIGHLIGHTS northerntrust.com | © 2026 Northern Trust Corporation 3

  4. Slide 4: Financial Highlights & Key Metrics – 3Q 2026

    Financial Highlights & Key Metrics – 3Q 2026 % CHANGE VS. 2Q 2026 3Q 2025 Revenue (FTE¹) $2,302.1M (15)% 13 % INCOME Noninterest Expense $1,492.5M (9)% 5% STATEMENT Net Income $642.9M (19)% 40 % PRE-TAX NOTABLE ITEMS* Earnings Per Share $3.40 (20)% 48 % $48.7 million in net favorable items in 3Q 202

  5. Slide 5: Wealth Management Highlights

    Wealth Management Highlights Wealth Management Trust, Investment and Other Servicing Fees ($ in millions) +9% % CHANGE % CHANGE VS. +3% QoQ YoY Key Indicators (in billions): 3Q 2026 2Q 2026 3Q 2025 7% 16 % Assets under Custody / $ 1,363 —% 8% Administration (AUC/A)1 Assets under Custody (AUC)1 $ 1,3

  6. Slide 6: Asset Servicing Highlights

    Asset Servicing Highlights Asset Servicing Trust, Investment and Other Servicing Fees ($ in millions) +8% % CHANGE +1% % CHANGE VS. QoQ YoY 3% 3% Key Indicators (in billions): 3Q 2026 2Q 2026 3Q 2025 —% 38 % Assets under Custody / $ 18,534 (1)% 9% 2% 10 % Administration (AUC/A)1 Assets under Custody

  7. Slide 7: Net Interest Income and Balance Sheet Trends

    Net Interest Income and Balance Sheet Trends Average Earning Assets Net Interest Income (FTE¹) ($ in billions) ($ in millions) 6% +14% (2)% % CHANGE (1)% QoQ YoY (4)% 8% —% 1% 2% 14 % (12)% —% Net Interest Margin (FTE¹) Categories may not sum due to rounding. 1 Net interest income and net interest m

  8. Slide 8: Noninterest Expense

    Noninterest Expense Total Noninterest Expense ($ in millions) EXPENSE HIGHLIGHTS +5% • Excluding notables1, noninterest expenses (9)% were up 5% vs. 3Q 2025, and were flat vs. % CHANGE 2Q 2026. QoQ 15 % YoY 25 % NOTABLES1 (1)% (3)% 2Q26 : (15)% 9% • $51.0 million severance-related charges recognized

  9. Slide 9: Capital Update

    Capital Update Northern Trust Corporation Capital Ratios CAPITAL HIGHLIGHTS • Robust capital and liquidity Standardized Common Equity Tier 1 Standardized Tier 1 Leverage ◦ $12.4 billion in Tier 1 capital ◦ 65% of average deposits covered by highly liquid assets including 27% by 7.0% Regulatory Minim

  10. Slide 10: Delivering on Our Commitments and Defining the Path Ahead

    Delivering on Our Commitments and Defining the Path Ahead 4Q 2026 GUIDANCE | GROWTH vs 4Q 2025 4Q 2026 GUIDANCE | GROWTH vs 4Q 2025 Net Interest Income Growth Total Revenue Growth 8-9% 6-7% 4Q 2026 GUIDANCE | OPERATING LEVERAGE FULL YEAR 2026 GUIDANCE | OPERATING LEVERAGE Positive > 500 bps northern

  11. Slide 11: Appendix

    APPENDIX northerntrust.com | © 2026 Northern Trust Corporation 11

  12. Slide 12: Reconciliation of Non-GAAP Financial Measures

    Reconciliation of Non-GAAP Financial Measures The following table presents a reconciliation of interest income, net interest income, net interest margin, total revenue, pre-tax income, and profit margin (pre-tax) prepared in accordance with GAAP to such measures on a fully taxable equivalent (FTE) b

  13. Slide 13: Notable Item Summary

    Notable Item Summary QUARTERS YEARS 2026 2025 2026 YTD 2025 2024 ($ in Millions) THIRD SECOND FOURTH Revenue Impacts, pre-tax Pre-tax gain related to the sale of guardianship services business $ 34.0 $ — $ — $ 34.0 $ — $ — Investment security loss $ — $ (73.9) $ — $ (73.9) $ — $ (189.4) Net gain rel

  14. Slide 14: Forward-Looking Statements

    Forward-Looking Statements This presentation may include statements which constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified typically by words or phrases such as

  15. Slide 15: northerntrust.com | © 2026 Northern Trust Corporation

    northerntrust.com | © 2026 Northern Trust Corporation 15

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