Northern Trust (NTRS) Research

Forward Estimates

EPS Estimates

Current Qtr

$3.12

$2.62$4.59

vs $2.13+46.4%

12 analysts

Next Qtr

$2.65

$2.52$2.73

vs $2.29+15.8%

11 analysts

Current Yr

$11.23

$10.46$12.86

vs $8.74+28.4%

13 analysts

Next Yr

$11.76

$11.40$12.25

vs $11.23+4.8%

13 analysts

Revenue Estimates

Current Qtr

$2.22B

$2.15B$2.62B

vs $2.00B+10.8%

9 analysts

Next Qtr

$2.19B

$2.15B$2.20B

vs $2.03B+7.6%

9 analysts

Current Yr

$8.84B

$8.73B$9.27B

vs $8.11B+8.9%

10 analysts

Next Yr

$9.16B

$8.96B$9.34B

vs $8.84B+3.7%

10 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for NTRS on EDGAR.

NTRS filing events and research context
Filed	Item	Context
Apr 30, 2026	mda_quarterly	Northern Trust Corporation (NTRS) executed a disciplined capital return strategy during the first quarter of 2026, repurchasing approximately 2.04 million shares of common stock at an average price of $144.27 per share. These transactions were conducted under a $2.5 billion repurchase authorization approved by the Board of Directors on July 22, 2025, which replaced the previous 2021 program. As of March 31, 2026, the corporation had $1.636 billion remaining under this current authorization. The program provides management with significant flexibility, as it carries no expiration date and allows for repurchases through various channels, including open market transactions, block trades, and Rule 10b5-1 trading plans. While the authorization reflects a commitment to returning capital to shareholders, the timing and volume of future repurchases remain contingent upon prevailing market conditions, regulatory capital requirements, and broader corporate liquidity priorities. The corporation retains the discretion to modify, suspend, or discontinue the program at any time, underscoring a cautious approach to capital allocation that balances shareholder returns with the maintenance of a robust balance sheet.
Feb 24, 2026	business	Northern Trust Corporation is a global financial holding company specializing in Asset Servicing and Wealth Management. As of December 31, 2025, the Asset Servicing segment managed $17.4 trillion in assets under custody/administration (AUC/A) for institutional clients, while Wealth Management served high-net-worth individuals and families with $1.3 trillion in AUC/A. The integrated Asset Management business supports both segments, managing a total of $1.8 trillion. The company's growth strategy emphasizes scalable, sustainable fee-based income driven by investments in AI, data, and technology. As a Category II banking organization, Northern Trust is subject to enhanced prudential standards, including Basel III, CCAR, and DFAST. Key regulatory risks include the pending Basel III Endgame re-proposal and proposed Long-Term Debt and clean holding company requirements for organizations with assets exceeding $100 billion. Internationally, the firm must navigate the EU AI Act, GDPR, and Sustainable Finance Disclosure Regulations (SFDR). The company's earnings remain sensitive to global economic conditions and Federal Reserve monetary policy, which directly impact interest rate margins and the profitability of its $177.1 billion asset base. Competition is intensifying from traditional custodial banks, asset managers, and emerging financial technology firms.
Feb 24, 2026	mda	Northern Trust reported 2025 total revenue of $8.09 billion, a 2% decrease from 2024, primarily due to the absence of a prior-year $896.7 million gain from a Visa Exchange Offer. Net income declined 14% to $1.74 billion. Conversely, net interest income grew 11% to $2.41 billion, driven by increased deposits and reduced funding costs, though partially offset by lower asset yields. The Corporation’s Asset Servicing and Wealth Management segments saw assets under custody/administration (AUC/A) grow to $17.4 trillion and $1.3 trillion, respectively, fueled by favorable markets and net new business. Total assets under management reached $1.8 trillion. Capital remains strong with a standardized Common Equity Tier 1 ratio of 12.6%, and the company returned $1.9 billion to common stockholders through dividends and $1.3 billion in share repurchases. Credit quality is stable, evidenced by a negative provision for credit losses of $7.5 million, reflecting an improved outlook for the commercial real estate portfolio. Primary risks include interest rate volatility affecting net interest margin and the potential impact of the Basel III Endgame Proposal. The firm continues to invest heavily in software and cloud technologies to modernize infrastructure and enhance operational resilience.

Filed

Item

Context

Apr 30, 2026

mda_quarterly

Northern Trust Corporation (NTRS) executed a disciplined capital return strategy during the first quarter of 2026, repurchasing approximately 2.04 million shares of common stock at an average price of $144.27 per share. These transactions were conducted under a $2.5 billion repurchase authorization approved by the Board of Directors on July 22, 2025, which replaced the previous 2021 program. As of March 31, 2026, the corporation had $1.636 billion remaining under this current authorization. The program provides management with significant flexibility, as it carries no expiration date and allows for repurchases through various channels, including open market transactions, block trades, and Rule 10b5-1 trading plans. While the authorization reflects a commitment to returning capital to shareholders, the timing and volume of future repurchases remain contingent upon prevailing market conditions, regulatory capital requirements, and broader corporate liquidity priorities. The corporation retains the discretion to modify, suspend, or discontinue the program at any time, underscoring a cautious approach to capital allocation that balances shareholder returns with the maintenance of a robust balance sheet.

Feb 24, 2026

business

Northern Trust Corporation is a global financial holding company specializing in Asset Servicing and Wealth Management. As of December 31, 2025, the Asset Servicing segment managed $17.4 trillion in assets under custody/administration (AUC/A) for institutional clients, while Wealth Management served high-net-worth individuals and families with $1.3 trillion in AUC/A. The integrated Asset Management business supports both segments, managing a total of $1.8 trillion. The company's growth strategy emphasizes scalable, sustainable fee-based income driven by investments in AI, data, and technology. As a Category II banking organization, Northern Trust is subject to enhanced prudential standards, including Basel III, CCAR, and DFAST. Key regulatory risks include the pending Basel III Endgame re-proposal and proposed Long-Term Debt and clean holding company requirements for organizations with assets exceeding $100 billion. Internationally, the firm must navigate the EU AI Act, GDPR, and Sustainable Finance Disclosure Regulations (SFDR). The company's earnings remain sensitive to global economic conditions and Federal Reserve monetary policy, which directly impact interest rate margins and the profitability of its $177.1 billion asset base. Competition is intensifying from traditional custodial banks, asset managers, and emerging financial technology firms.

Feb 24, 2026

mda

Northern Trust reported 2025 total revenue of $8.09 billion, a 2% decrease from 2024, primarily due to the absence of a prior-year $896.7 million gain from a Visa Exchange Offer. Net income declined 14% to $1.74 billion. Conversely, net interest income grew 11% to $2.41 billion, driven by increased deposits and reduced funding costs, though partially offset by lower asset yields. The Corporation’s Asset Servicing and Wealth Management segments saw assets under custody/administration (AUC/A) grow to $17.4 trillion and $1.3 trillion, respectively, fueled by favorable markets and net new business. Total assets under management reached $1.8 trillion. Capital remains strong with a standardized Common Equity Tier 1 ratio of 12.6%, and the company returned $1.9 billion to common stockholders through dividends and $1.3 billion in share repurchases. Credit quality is stable, evidenced by a negative provision for credit losses of $7.5 million, reflecting an improved outlook for the commercial real estate portfolio. Primary risks include interest rate volatility affecting net interest margin and the potential impact of the Basel III Endgame Proposal. The firm continues to invest heavily in software and cloud technologies to modernize infrastructure and enhance operational resilience.

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NTRS filing events and research context

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