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Northern Trust 8-K Report, Financial Results (Jul 22, 2026)

Reports
Earnings & Results·Regulation FD·Exhibits & Filings
Filing Date
Filed July 22, 2026
Period End
July 22, 2026
Securities
NTRSNTRSO
In the record · 2016–202610-K1110-Q338-K118

NTRS filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 118 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Oct ’19Oct ’19
  2. Leadership change8-K · Sep ’25Sep ’25

01—Abstract

Summary

Summary of the 8-K filed July 22, 2026. Cited figures are marked; the original filing is the authoritative source.

Northern Trust Corporation reported second-quarter 2026 net income of $792.2 milliona, or $4.23 per diluted common share, compared with $525.5 million ($2.71) in the first quarter of 2026 and $421.3 million ($2.13) in the second quarter of 2025.

Results included net favorable notable items: a $525.4 millionb pre-tax gain tied to the second Visa, Inc. Exchange Offer and a $73.9 million pre-tax loss on available-for-sale securities sold in a portfolio repositioning, against $145.6 million of pre-tax expense items (software dispositions of $61.5 million, severance of $51.0 million, and a one-time equity grant of $33.1 million). Total revenue (FTE) was $2,705.6 million, up 22% sequentially and 35% year over year, while noninterest expense rose to $1,638.6 million. Client assets grew, with assets under custody/administration reaching $20.0 trillion at June 30, 2026 (up 8% from March 31, 2026 and 11% from June 30, 2025) and assets under management reaching $1.97 trillion.

The filing states that the company returned over $1 billionc of capital to shareholders in the first half of the year, declared $148.8 million in common dividends in the quarter, and repurchased $350.6 million of common stock. The Board approved an $0.08 increase in the quarterly dividend, as stated in the CEO's commentary. Capital ratios remained above well-capitalized thresholds, with the standardized Common Equity Tier 1 ratio at 12.2%.

The filing is furnished under Items 2.02 and 7.01, with the earnings press release (Exhibit 99.1), presentation materials (Exhibit 99.2), and a financial trends report (Exhibit 99.3) incorporated by reference. Management described the quarter as reflecting disciplined execution of its One Northern Trust strategy, and the company noted that Q2 client asset figures and regulatory capital figures remain preliminary until the Form 10-Q is filed.

02—Key points

Key Highlights

  1. Net income of $792.2 million and diluted EPS of $4.23, up from $2.71 in Q1 2026 and $2.13 in Q2 2025.
  2. Net favorable notable items of $451.5 million pre-tax in Other Noninterest Income, led by a $525.4 million gain from the second Visa Exchange Offer, partly offset by a $73.9 million loss on securities sold in a portfolio repositioning.
  3. Noninterest expense rose to $1,638.6 million, including $145.6 million of pre-tax notable charges for software dispositions, severance, and a one-time employee equity grant.
  4. Total revenue (FTE) of $2,705.6 million, with Other Noninterest Income of $673.0 million versus $210.2 million in Q1 2026.
  5. Assets under custody/administration reached $20.0 trillion and assets under management reached $1.97 trillion at June 30, 2026, driven by favorable markets and net client inflows.
  6. Net interest margin (FTE) improved to 1.81% from 1.75% in Q1 2026, primarily due to lower funding costs.
  7. Common Equity Tier 1 ratio (standardized) was 12.2%, and the company returned $499.4 million to common shareholders in the quarter through dividends and buybacks.

03—Questions

Frequently Asked Questions

  1. What drove the large increase in Other Noninterest Income this quarter?

    Other Noninterest Income was $673.0 million, compared with $210.2 million in Q1 2026. The increase was primarily due to a $525.4 million pre-tax gain from Northern Trust's participation in the second Visa, Inc. Exchange Offer, recorded in Other Operating Income. This was partly offset by a $73.9 million pre-tax loss on available-for-sale debt securities sold as part of a portfolio repositioning.

  2. How did expenses change, and what one-time items were included?

    Noninterest expense was $1,638.6 million, up from $1,508.0 million in Q1 2026. The quarter included $145.6 million of pre-tax notable items: $61.5 million for software dispositions (recorded in Equipment and Software), $51.0 million of severance charges, and $33.1 million for a broad-based one-time equity grant to eligible employees (both in Compensation and Benefits). Excluding notable items, the CEO stated that earnings per share increased 40%.

  3. What did the company say about capital returns and the dividend?

    The Corporation returned over $1 billion of capital to shareholders in the first half of 2026. In Q2 it declared $148.8 million in common dividends, maintained a quarterly dividend of $0.80 per share, and repurchased 2,129,047 shares for $350.6 million. The Board approved an increase of $0.08, or 10%, to the quarterly dividend at its July 21, 2026 meeting.

  4. Are the client asset and capital figures final?

    No. The filing states that client assets and regulatory capital figures for the current quarter are preliminary until the Form 10-Q is filed with the Securities and Exchange Commission.

04—Continue

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