Northern Trust Corporation · NASDAQ:NTRS
Northern Trust — Q1 2026 Earnings Presentation
14 slides from Northern Trust's earnings presentation, Apr 21, 2026
Slide 1: First Quarter 2026 Earnings Review
FIRST QUARTER 2026 EARNINGS REVIEW April 21, 2026 northerntrust.com | © 2026 Northern Trust Corporation
Slide 2: Financial and Strategic Highlights
Financial and Strategic Highlights FINANCIAL HIGHLIGHTS STRATEGIC HIGHLIGHTS 1Q26 • Continued improvement in financial performance Revenue Growth, YoY +14% Enterprise • Client-centric capability model delivering efficiency gains • Moving into next phase of firmwide A.I. strategy Expense Growth, YoY
Slide 3: Financial Highlights
Financial Highlights northerntrust.com | © 2026 Northern Trust Corporation 3
Slide 4: Financial Highlights & Key Metrics – 1Q 2026
Financial Highlights & Key Metrics – 1Q 2026 % CHANGE VS. 4Q 2025 1Q 2025 INCOME Revenue (FTE¹) Noninterest Expense $2,213.2M $1,508.0M 4% 1% 14% 6% ~740 bps Positive operating leverage STATEMENT Net Income $525.5M 13% 34% Earnings Per Share $2.71 12% 43% Assets under Custody / Administration2 (AUC/
Slide 5: Wealth Management Highlights
Wealth Management Highlights Wealth Management Trust, Investment and Other Servicing Fees ($ in millions) +11% % CHANGE VS. +4% % CHANGE Key Indicators (in billions): 1Q 2026 4Q 2025 1Q 2025 QoQ YoY Assets under Custody / Administration (AUC/A)1 $ 1,265 (2%) 13% 7% 11 % 2% 8% Assets under Custody (A
Slide 6: Asset Servicing Highlights
Asset Servicing Highlights Asset Servicing Trust, Investment and Other Servicing Fees ($ in millions) +10% +1% % CHANGE % CHANGE VS. QoQ YoY Key Indicators (in billions): 1Q 2026 4Q 2025 1Q 2025 14 % 5% 1% 31 % Assets under Custody / Administration (AUC/A)1 $ 17,289 (1%) 9% 2% 11 % Assets under Cust
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) 11% +15% +7% % CHANGE +1% QoQ YoY —% 36 % 1% —% 5% 15 % 21 % 15 % Net Interest Margin (FTE¹) Categories may not sum due to rounding. 1 Net interest income and net interest m
Slide 8: Noninterest Expense
Noninterest Expense Total Noninterest Expense Notables1 ($ in millions) +6% 1Q26: none % CHANGE +1% QoQ YoY 4Q25: 5% 7% (9)% (4)% ◦ $58.8 million severance-related charges: ◦ $58.2 million recognized in 2% 10 % Compensation and Benefits ◦ $0.6 million recognized in Outside (5)% (3)% Services ◦ $9.5
Slide 9: Capital Update
Capital Update Northern Trust Corporation Capital Ratios Capital Highlights Standardized Common Equity Tier 1 Standardized Tier 1 Leverage • Robust capital and liquidity ◦ $12.0 billion in Tier 1 capital ◦ 66% of average deposits covered by highly liquid assets including 33% by cash and 7.0% Regulat
Slide 10: Appendix
Appendix northerntrust.com | © 2026 Northern Trust Corporation 10
Slide 11: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures The following table presents a reconciliation of interest income, net interest income, net interest margin, total revenue, pre-tax income, and profit margin (pre-tax) prepared in accordance with GAAP to such measures on a fully taxable equivalent (FTE) b
Slide 12: Notable Item Summary
Notable Item Summary QUARTER 2025 ($ in Millions) FOURTH Revenue Impacts, pre-tax Mark-to-market activity on Visa swap agreements $ (19.2) Total favorable / (unfavorable) impact $ (19.2) Expense Impacts, pre-tax FDIC special assessment $ (9.5) Severance-related charges $ 58.8 Total (favorable) / unf
Slide 13: 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 14: northerntrust.com
northerntrust.com | © 2026 Northern Trust Corporation 14