Northern Trust Corporation · NASDAQ:NTRS

Northern Trust — Q2 2026 Earnings Presentation

17 slides from Northern Trust's earnings presentation, Jul 22, 2026

  1. Slide 1: Strategy Update & Second Quarter 2026 Earnings Review

    STRATEGY UPDATE & SECOND QUARTER 2026 EARNINGS REVIEW July 22, 2026 northerntrust.com | © 2026 Northern Trust Corporation 1

  2. Slide 2: Agenda

    1 STRATEGIC UPDATE 3 2 FINANCIAL HIGHLIGHTS 6 AGENDA 3 APPENDIX 14 northerntrust.com | © 2026 Northern Trust Corporation 2

  3. Slide 3: Strategic Update

    STRATEGIC UPDATE northerntrust.com | © 2026 Northern Trust Corporation 3

  4. Slide 4: Financial and Strategic Highlights

    Financial and Strategic Highlights FINANCIAL HIGHLIGHTS 1H26 STRATEGIC HIGHLIGHTS 2Q26 • Execution of One Northern Trust strategy All comparisons to same period of the prior year • Strong first half financial performance Enterprise Revenue Growth* +13% • Returned over $1 billion to shareholders thro

  5. Slide 5: 2026 Mid-Year Business Unit Highlights

    2026 Mid-Year Business Unit Highlights WEALTH MANAGEMENT FINANCIAL HIGHLIGHTS Ultra-High-Net-Worth $100+MM client revenue outpacing broader Wealth, driving share gains in (versus same period prior year) the segment Revenue Generating Trust Fee Growth NII Growth Talent Accelerating hires in critical

  6. Slide 6: Financial Highlights

    FINANCIAL HIGHLIGHTS northerntrust.com | © 2026 Northern Trust Corporation 6

  7. Slide 7: Financial Highlights & Key Metrics – 2Q 2026

    Financial Highlights & Key Metrics – 2Q 2026 % CHANGE VS. 1Q 2026 2Q 2025 Revenue (FTE¹) $2,705.6M 22 % 35 % INCOME Noninterest Expense $1,638.6M 9% 16 % STATEMENT Net Income $792.2M 51 % 88 % PRE-TAX NOTABLE ITEMS* Earnings Per Share $4.23 56 % 98 % $451.5 million in net favorable items in 2Q 2026

  8. Slide 8: Wealth Management Highlights

    Wealth Management Highlights Wealth Management Trust, Investment and Other Servicing Fees ($ in millions) +10% % CHANGE VS. (1)% $601 % CHANGE Key Indicators (in billions): 2Q 2026 1Q 2026 2Q 2025 $578 $592 QoQ YoY $559 $539 Assets under Custody / $115 $109 $ 1,365 8% 13% $101 $107 (5)% 4% Administr

  9. Slide 9: Asset Servicing Highlights

    Asset Servicing Highlights Asset Servicing Trust, Investment and Other Servicing Fees ($ in millions) +9% % CHANGE % CHANGE VS. +2% $730 $741 $757 QoQ YoY Key Indicators (in billions): 2Q 2026 1Q 2026 2Q 2025 $707 $44 (14)% (3)% $692 $44 $50 $43 $23 $23 $29 26 % 46 % Assets under Custody / $45 $20 $

  10. Slide 10: 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) 4% +11% % CHANGE (2)% +3% $154 $151 $683 $146 QoQ YoY $654 $662 $139 $143 $11 $10 (5)% 15 % $9 $615 $9 $11 $596 $41 $42 2% 1% $41 $41 $42 1.81% 1.75% 1.81% 1.69% 1.70% $52 $

  11. Slide 11: Noninterest Expense

    Noninterest Expense Total Noninterest Expense ($ in millions) EXPENSE HIGHLIGHTS +16% • Excluding notables1, noninterest expenses were +9% up 5% vs. 2Q 2025 % CHANGE $1,639 QoQ YoY $92 3% 2% NOTABLES1 $1,497 $1,508 $1,423 $54 4% 2% 2Q26 : $1,417 $85 $90 $91 $85 $56 $51 • $61.5 million software dispo

  12. Slide 12: Capital Update

    Capital Update CAPITAL HIGHLIGHTS Northern Trust Corporation Capital Ratios • Robust capital and liquidity Standardized Common Equity Tier 1 Standardized Tier 1 Leverage ◦ $12.4 billion in Tier 1 capital 12.2% 12.4% 12.6% 12.0% 12.2% 8.0% 7.8% ◦ 65% of average deposits covered by 7.6% 7.3% 7.6% high

  13. Slide 13: Appendix

    APPENDIX northerntrust.com | © 2026 Northern Trust Corporation 13

  14. Slide 14: 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

  15. Slide 15: Notable Item Summary

    Notable Item Summary QUARTERS YEARS 2026 2025 2026 YTD 2025 2024 2023 ($ in Millions) SECOND FOURTH Revenue Impacts, pre-tax Loss on investment securities sale $ (73.9) $ — $ (73.9) $ — $ (189.4) $ (169.5) Net gain related to Visa transaction $ 525.4 $ — $ 525.4 $ — $ 878.4 $ — Securities loss relat

  16. Slide 16: 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

  17. Slide 17: northerntrust.com

    northerntrust.com | © 2026 Northern Trust Corporation 17

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