Northern Trust Corporation · NASDAQ:NTRS
Northern Trust — Q3 2025 Earnings Presentation
15 slides from Northern Trust's earnings presentation, Oct 22, 2025
Slide 1: Third Quarter 2025 Quarterly Earnings Review
NORTHERN TRUST CORPORATION Third Quarter 2025 Quarterly Earnings Review northerntrust.com / © 2025 Northern Trust
Slide 2: Over 135 years of strength, stability & stewardship
Over 135 years of strength, stability & stewardship Disciplined, client-centric strategy Highest standards of client service Product leadership & innovative services Solutions-focused technology & integrated operating platform northerntrust.com / © 2025 Northern Trust 2
Slide 3: 3Q Highlights & Key Metrics
3Q Highlights & Key Metrics Financial Highlights Strategic Highlights 3Q25 YTD Revenue • Successfully executing One Northern Trust Strategy Growth1 +6% +6% Enterprise • Strong & improving financial performance • Continued momentum behind enterprise alternatives initiative • Client-centric capability
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS northerntrust.com / © 2023 2025 Northern Trust 44
Slide 5: Financial Highlights & Key Metrics
Financial Highlights & Notable Items: Key Metrics RESULTS INCLUDE IMPACT OF NOTABLE ITEMS* 3Q 2025 % CHANGE VS. 2Q 2025 3Q 2024 3Q24 Pre-tax $ in millions (except EPS and as noted) Revenue (FTE¹) $ 2,030.9 1 % 3 % Noninterest Expense $ 1,422.9 — % 5 % Revenue Impacts: Provision for Credit Losses (17
Slide 6: Wealth Management Highlights
Wealth Management Highlights Wealth Management Trust, Investment and Other Servicing Fees ($ in millions) +5% +4% $558.6 $546.7 $541.9 $539.3 $529.5 % CHANGE VS. Key Indicators (in billions): 3Q 2025 2Q 2025 3Q 2024 Assets under Custody / Administration (AUC/A) 1 $ 1,257.2 4 % 10 % Assets under Cust
Slide 7: Asset Servicing Highlights
Asset Servicing Highlights Asset Servicing Trust, Investment and Other Servicing Fees ($ in millions) +6% +2% $706.9 $691.8 $667.1 $675.5 $671.9 % CHANGE VS. Key Indicators (in billions): 3Q 2025 2Q 2025 3Q 2024 Assets under Custody / Administration (AUC/A) 1 $ 16,990.4 1 % 4 % Assets under Custody
Slide 8: Net Interest Income and Balance Sheet Trends
Net Interest Income and Balance Sheet Trends Net Interest Income (FTE¹) Average Earning Assets ($ in millions) ($ in billions) +5% +3% (3)% (4)% $145.8 $138.0 $139.3 $134.8 $133.7 Categories may not sum due to rounding. 1 Net interest income and net interest margin stated on an FTE basis are non-GAA
Slide 9: Noninterest Expense
Noninterest Expense Expense Highlights Total Noninterest Expense ($ in millions) +5% —% • Noninterest expense +4.7% year-over-year, flat relative to the prior period • Excluding the impact of currency, noninterest expense +4.4% year-over-year; flat relative to the prior period Categories may not sum
Slide 10: Capital Update
Capital Update Capital Highlights Northern Trust Corporation Capital Ratios • Robust capital and liquidity Standar dized Com m on Equity T ier 1 Standar dized T ier 1 Lever age • $12.0 billion in Tier 1 capital • 63% of average deposits covered by highly liquid assets including 29% by cash and centr
Slide 11: Appendix
Appendix northerntrust.com / © 2025 Northern Trust
Slide 12: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The following table presents a reconciliation of interest income, net interest income, net interest margin, total revenue, pre-tax income, and profit margin (pre-tax) prepared in accordance with GAAP to such measures on a fully taxable equivalent (FTE) b
Slide 13: Notable Item Summary
Notable Item Summary QUARTERS 2024 2024 ($ in Millions) THIRD SECOND FIRST YTD Revenue Impacts, pre-tax Investment security loss $ (189.4) $ (189.4) Net gain related to Visa transaction 878.4 $ 878.4 Securities loss related to repositioning of supplemental pension plan (6.5) $ (6.5) Investment impai
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
Slide 15: Northern Trust
y NORTHERN TRUST