Jennifer Child
Head of Investor Relations
Replay available
Northern Trust Corporation (NTRS) Q4 2025 Earnings Call
Northern Trust Corporation (NASDAQ: NTRS) Q4 2025 earnings conference call, held 2026-01-22. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Trace Stegeman
Investor Relations
Michael Grady
Chairman and Chief Executive Officer
Dave Fox
Chief Financial Officer
Brennan Hawkins
Analyst, BMO Capital Markets
Ibrahim Poonawalla
Analyst, Bank of America
Mike Mayo
Analyst, Wells Fargo Securities
Steven Chabak
Analyst, Wolf Research
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Northern Trust Corporation.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.419 everyone. Welcome to Northern Trust Corporation's fourth quarter 2025 earnings conference 00:00:04.419 -- 00:00:09.368 call. Joining me on our call this morning is Michael Grady, our chairman and CEO, Dave 00:00:09.368 -- 00:00:14.497 Fox, our chief financial officer, John Landers, our controller, and Trace Stegeman from 00:00:14.497 -- 00:00:16.421 our investor relations team. 00:00:16.421 -- 00:00:19.663 Our fourth quarter earnings press release 00:00:58.638 -- 00:01:02.963 please limit your initial query to one question and one related follow-up. 00:01:02.963 -- 00:01:07.068 This will allow us to move through the queue and enable as many people as possible the 00:01:07.068 -- 00:01:10.052 opportunity to ask questions as time permits. 00:01:10.052 -- 00:01:14.577 Thank you again for joining us today. Let me turn the call over to Mike O'Grady. 00:01:14.577 -- 00:01:19.963 Thank you, Jennifer. Let me join in welcoming you to our fourth quarter 2025 earnings 00:01:19.963 -- 00:01:24.148 call. Turning to slide four, in 2025, 00:01:24.148 -- 00:01:28.372 we made significant progress executing on our One Northern Trust strategy. 00:01:28.372 -- 00:01:33.200 delivering strong and improving financial performance and providing solid momentum going 00:01:33.200 -- 00:01:35.443 into 2026. In 00:01:35.443 -- 00:01:40.471 the fourth quarter, compared to the prior year, trust fees grew 7%, net interest 00:01:40.471 -- 00:01:46.201 income increased 14%, and revenue was up 9%, excluding notables. 00:01:46.201 -- 00:01:50.808 For the sixth consecutive quarter, we delivered positive trust fee and total operating 00:01:50.808 -- 00:01:54.545 leverage while continuing to invest meaningfully in the business. 00:01:54.545 -- 00:02:01.252 Excluding not...