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

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

  2. Slide 2: Financial and Strategic Highlights

    STRATEGIC HIGHLIGHTS Enterprise • Execution of One Northern Trust strategy • Strong third quarter financial performance • Returns at or slightly better than medium term targets Optimize Growth • Organic trust fee growth across all three businesses • Double digit net interest income growth • Capital

  3. Slide 3: Financial Highlights

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

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

    4northerntrust.com | © 2026 Northern Trust Corporation Financial Highlights & Key Metrics – 3Q 2026 % CHANGE VS. 2Q 2026 3Q 2025 Revenue (FTE¹) $2,302.1M (15)% 13 % Noninterest Expense $1,492.5M (9)% 5 % Net Income $642.9M (19)% 40 % Earnings Per Share $3.40 (20)% 48 % ¹ Revenue stated on a fully ta

  5. Slide 5: Wealth Management Highlights

    5northerntrust.com | © 2026 Northern Trust Corporation Wealth Management Trust, Investment and Other Servicing Fees ($ in millions) +9% +3% Wealth Management Highlights % CHANGE VS. Key Indicators (in billions): 3Q 2026 2Q 2026 3Q 2025 Assets under Custody / Administration (AUC/A)1 $ 1,363 — % 8 % A

  6. Slide 6: Asset Servicing Highlights

    6northerntrust.com | © 2026 Northern Trust Corporation % CHANGE VS. Key Indicators (in billions): 3Q 2026 2Q 2026 3Q 2025 Assets under Custody / Administration (AUC/A)1 $ 18,534 (1)% 9 % Assets under Custody (AUC)1 $ 14,453 (1)% 10 % Assets under Management (AUM)1 $ 1,427 (1)% 11 % Average Deposits

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

    7northerntrust.com | © 2026 Northern Trust Corporation Average Earning Assets ($ in billions) Net Interest Income (FTE¹) ($ in millions) Net Interest Income and Balance Sheet Trends 6% (2)% Net Interest Margin (FTE¹) +14% (1)%% CHANGE QoQ YoY (4)% 8 % — % 1 % 2 % 14 % (12)% — % Categories may not su

  8. Slide 8: Expense Highlights and Notables

    8northerntrust.com | © 2026 Northern Trust Corporation NOTABLES1 2Q26 : • $51.0 million severance-related charges recognized in Compensation and Benefits​ • $33.1 million Invested as One equity grant recognized in Compensation and Benefits • $61.5 million software disposition recognized in Equipment

  9. Slide 9: Capital Highlights

    9northerntrust.com | © 2026 Northern Trust CorporationCapital ratios for the current quarter are considered preliminary until the Form 10-Q is filed with the Securities and Exchange Commission. Standardized Tier 1 Leverage CAPITAL HIGHLIGHTS • Robust capital and liquidity ◦ $12.4 billion in Tier 1 c

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

    10northerntrust.com | © 2026 Northern Trust Corporation Delivering on Our Commitments and Defining the Path Ahead > 500 bps 4Q 2026 GUIDANCE | GROWTH vs 4Q 2025 Net Interest Income Growth 8-9% Positive Total Revenue Growth 6-7% 4Q 2026 GUIDANCE | OPERATING LEVERAGE FULL YEAR 2026 GUIDANCE | OPERATIN

  11. Slide 11: Appendix

    northerntrust.com | © 2026 Northern Trust Corporation 11 APPENDIX

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

    12northerntrust.com | © 2026 Northern Trust Corporation 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 GAA

  13. Slide 13: Notable Item Summary

    13northerntrust.com | © 2026 Northern Trust Corporation 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 l

  14. Slide 14: Forward-Looking Statements

    14northerntrust.com | © 2026 Northern Trust Corporation 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 statemen

  15. Slide 15: 15northerntrust.com

    15northerntrust.com | © 2026 Northern Trust Corporation

Northern Trust — Q3 2026 Earnings Presentation on 6ix