Northern Trust Corporation · NASDAQ:NTRS
Northern Trust — Q3 2026 Earnings Presentation
13 slides from Northern Trust's earnings presentation, Oct 21, 2026
Slide 1: Financial Trends Third Quarter 2026
Financial Trends Third Quarter 2026 October 21, 2026 The historical financial results and trends reflected in this report are not indicative of future financial results and trends for Northern Trust Corporation. This report should be read in conjunction with the Corporation's Third Quarter 2026 earn
Slide 2: Table of Contents
1 7 Financial Summary Interest Rate Trends 2 8 Net Income Trends Asset Quality 3 9 Reporting Segment Results Client Assets 4 10 Balance Sheet (EOP) Reconciliation to FTE 5 11 Regulatory Capital Reconciliation to FTE (Ratios) 6 Balance Sheet Trends TABLE OF CONTENTS
Slide 3: Financial Summary
Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2026 Q3 2025 2026 2025 % Change $ 642.9 $ 792.2 $ 525.5 $ 466.0 $ 457.6 (19)% 40 % $ 1,960.6 $ 1,270.9 54 % 621.9 782.2 504.7 457.0 437.2 (20)% 42 % 1,908.9 1,222.2 56 % 182,038 183,994 185,499 187,532 190,054 (1)% (4)% 183,831 192,647 (5)% 183,174 184,890
Slide 4: Net Income Trends
% Change(2) Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2026 Q3 2025 2026 2025 % Change(2) $ 761.5 $ 757.4 $ 740.5 $ 729.6 $ 706.9 1 % 8 % $ 2,259.4 $ 2,070.6 9 % 611.5 592.1 600.9 577.8 558.6 3 % 9 % 1,804.5 1,639.8 10 % Total Fees 1,373.0 1,349.5 1,341.4 1,307.4 1,265.5 2 % 8 % 4,063.9 3,710.4 10 %
Slide 5: Reporting Segment Results
Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2026 Q3 2025 2026 2025 % Change $ 511.7 $ 512.3 $ 497.6 $ 496.4 $ 482.7 — % 6 % $ 1,521.7 $ 1,405.2 8 % 175.6 172.2 169.2 165.8 159.6 2 % 10 % 517.0 469.4 10 % 29.4 29.4 23.3 23.1 21.2 — % 38 % 82.2 59.3 39 % 44.8 43.5 50.4 44.3 43.4 3 % 3 % 138.5 136.7 1 %
Slide 6: Balance Sheet (End of Period)
9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2026 9/30/2025 $ 37,779.1 $ 50,556.4 $ 41,757.3 $ 53,456.0 $ 49,328.9 (25)% (23)% 6,294.9 6,160.0 6,343.0 6,540.8 6,404.5 2 % (2)% 471.2 426.5 1,678.9 2,654.1 1,856.3 10 % (75)% Available For Sale 42,852.3 38,123.1 36,913.2 34,036.5 32,889.2 12
Slide 7: Regulatory Capital
9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2026 9/30/2025 Common Equity Tier 1 Capital $ 11,555.6 $ 11,605.6 $ 11,173.5 $ 11,192.5 $ 11,199.3 — % 3 % Tier 1 Capital 12,368.5 12,418.7 11,995.5 12,008.5 12,028.1 — % 3 % Total Capital 14,650.7 14,706.5 14,288.1 14,304.2 13,581.9 — % 8 % Ri
Slide 8: Balance Sheet Trends
% Change(5) Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2026 Q3 2025 2026 2025 % Change(5) $ 33,601.3 $ 38,322.9 $ 42,554.7 $ 35,035.8 $ 33,754.2 (12)% — % $ 38,126.8 $ 38,177.7 — % 6,350.5 6,304.2 6,014.6 6,049.6 5,237.7 1 % 21 % 6,224.4 5,146.9 21 % 523.4 521.9 1,186.8 1,593.7 1,300.4 — % (60)% 741
Slide 9: Interest Rate Trends
Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2026 Q3 2025 2026 2025 % Change 3.54 % 3.44 % 3.46 % 3.63 % 3.84 % 10 bps (30) bps 3.48 % 4.00 % (52) bps 1.38 % 1.16 % 1.31 % 1.35 % 1.57 % 22 bps (19) bps 1.28 % 1.71 % (43) bps 499.98 % 602.18 % 282.59 % 183.61 % 217.12 % (10,220) bps 28,286 bps 409.26 %
Slide 10: Asset Quality
9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2026 9/30/2025 $ 190.3 $ 195.2 $ 198.3 $ 206.7 $ 224.1 (3)% (15)% 5.4 (5.3) (3.0) (8.0) (17.0) N/M N/M (11.6) (0.2) (0.4) (1.4) (2.1) N/M N/M 0.6 0.6 0.3 1.0 1.7 — % (65)% (11.0) 0.4 (0.1) (0.4) (0.4) N/M N/M Ending Allowance for Credit Losses
Slide 11: Client Assets
9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2026 9/30/2025 $ 1,427.1 $ 1,436.0 $ 1,287.3 $ 1,296.0 $ 1,280.1 (1)% 11 % Equities 790.8 787.0 688.3 712.6 702.5 — % 13 % Fixed Income Securities 137.6 140.1 138.8 140.3 136.4 (2)% 1 % Cash and Other Assets 247.3 269.8 244.2 235.3 235.1 (8)% 5
Slide 12: Reconciliation to Fully Taxable Equivalent
Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2026 Q3 2025 2026 2025 % Change $ 2,073.1 $ 2,189.3 $ 2,234.0 $ 2,126.6 $ 2,144.3 (5)% (3)% $ 6,496.5 $ 6,498.0 — % 7.7 7.6 7.6 12.7 5.5 1 % 40 % 22.9 15.8 45 % Interest Income (FTE) - Non-GAAP 2,080.8 2,196.9 2,241.6 2,139.3 2,149.8 (5)% (3)% 6,519.4 6,513
Slide 13: Reconciliation to Fully Taxable Equivalent - Ratios
Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2026 Q3 2025 2026 2025 Change Pre-Tax Margin - GAAP (1) 34.7 % 39.5 % 31.8 % 29.9 % 30.6 % -4.8 pts 4.1 pts 35.6 % 28.6 % 7.0 pts Pre-Tax Margin (FTE) - Non-GAAP (1) 34.9 % 39.6 % 32.0 % 30.3 % 30.8 % -4.7 pts 4.1 pts 35.8 % 28.8 % 7.0 pts Noninterest Incom