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Northern Trust 8-K Report, Financial Results (Oct 21, 2026)

Reports
Earnings & Results·Regulation FD·Exhibits & Filings
Filing Date
Filed October 21, 2026
Period End
October 21, 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 October 21, 2026. Cited figures are marked; the original filing is the authoritative source.

Northern Trust Corporation filed this Form 8-K on October 21, 2026 to furnish its third-quarter 2026 earnings release (Exhibit 99.1), an earnings presentation (Exhibit 99.2), and a Financial Trends report (Exhibit 99.3) for the three and nine months ended September 30, 2026.

The company reported third-quarter net income of $642.9 milliona, or $3.40 per diluted common share, compared with $792.2 million ($4.23 per diluted share) in the second quarter of 2026 and $457.6 million ($2.29 per diluted share) in the third quarter of 2025. Third-quarter results included $48.7 million of pre-tax notable items, consisting of a $34.0 million gain on the sale of the guardianship services business and a $14.7 million incremental gain related to the second Visa Exchange Offer. Excluding notable items, management said revenues grew 11% year over year and pretax income rose 21%, while earnings per share increased 40%.

Total revenue (FTE) was $2,302.1 millionb, down 15% from the prior quarter, which included a $525.4 million Visa-related gain, but up 13% from the prior-year quarter. Noninterest expense was $1,492.5 million, down 9% sequentially and up 5% year over year. Trust, investment and other servicing fees rose 8% year over year to $1,373.0 million, and total assets under custody/administration reached $19.9 trillion, up 9% from a year earlier.

The company returned more than $1.5 billionc to common shareholders year to date and declared a quarterly dividend of $0.88 per share, up from $0.80. The presentation also gives fourth-quarter 2026 guidance of 8-9% growth in net interest income and 6-7% growth in total revenue, both versus fourth-quarter 2025. Capital remained strong, with a standardized CET1 ratio of 12.4% at September 30, 2026, and all figures for the current quarter are preliminary until the Form 10-Q is filed.

02—Key points

Key Highlights

  1. Third-quarter net income was $642.9 million, or $3.40 per diluted share, versus $792.2 million ($4.23) in the prior quarter and $457.6 million ($2.29) a year earlier.
  2. Notable items added a net $48.7 million pre-tax, including a $34.0 million gain on the sale of the guardianship services business and a $14.7 million incremental Visa Exchange Offer gain.
  3. Excluding notable items, management reported revenue growth of 11%, pretax income growth of 21%, and EPS growth of 40% versus the prior-year quarter.
  4. Trust, investment and other servicing fees rose 8% year over year to $1,373.0 million; total assets under custody/administration were $19.9 trillion, up 9%.
  5. Net interest income (FTE) was $679.1 million, up 14% year over year, with net interest margin (FTE) of 1.83% versus 1.70% a year earlier.
  6. Noninterest expense was $1,492.5 million, down 9% sequentially after the prior quarter's severance and software disposition charges, and up 5% year over year.
  7. Fourth-quarter 2026 guidance calls for net interest income growth of 8-9% and total revenue growth of 6-7% versus fourth-quarter 2025.

03—Questions

Frequently Asked Questions

  1. How did Northern Trust perform in the third quarter of 2026?

    The company reported net income of $642.9 million, or $3.40 per diluted common share, compared with $457.6 million ($2.29) in the third quarter of 2025. Results included $48.7 million of pre-tax notable items, and management said that excluding these items revenues grew 11%, pretax income rose 21%, and EPS rose 40% year over year.

  2. Why did revenue and earnings decline sequentially from the second quarter?

    The second quarter included a $525.4 million gain related to the Visa Exchange Offer and a $73.9 million loss on securities repositioning, which made that quarter's Other Noninterest Income $673.0 million versus $250.0 million in the third quarter. Total revenue (FTE) fell 15% sequentially to $2,302.1 million from $2,705.6 million.

  3. What guidance did Northern Trust provide for the fourth quarter of 2026?

    According to the accompanying presentation, the company expects fourth-quarter 2026 net interest income to grow 8-9% and total revenue to grow 6-7%, both compared with fourth-quarter 2025.

  4. How much capital did Northern Trust return to shareholders?

    The company returned $514.2 million to common shareholders in the third quarter through dividends and share repurchases, and more than $1.5 billion year to date. It repurchased 1,901,679 shares for $352.3 million and declared $161.9 million in common dividends, with the quarterly dividend raised to $0.88 per share from $0.80.

  5. Are the third-quarter 2026 figures final?

    No. The filing states that client assets, and regulatory capital, risk-weighted assets and resulting ratios for the current quarter are preliminary until the company files its Form 10-Q with the SEC.

04—Continue

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