8-K Announcements
6Apr 22, 2026·SEC
Apr 21, 2026·SEC
Apr 21, 2026·SEC
Northern Trust Corporation (NTRS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Northern Trust Corporation (NTRS) stock price & volume — 10-year historical chart
Northern Trust Corporation (NTRS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Northern Trust Corporation (NTRS) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $2.71vs $2.37+14.3% | $2.2Bvs $2.1B+4.4% |
| Q1 2026 | Jan 22, 2026 | $2.69vs $2.37+13.5% | $2.1Bvs $2.1B+3.8% |
| Q4 2025 | Oct 22, 2025 | $2.29vs $2.26+1.3% | $3.6Bvs $2.0B+76.5% |
| Q3 2025 | Jul 23, 2025 | $2.13vs $2.06+3.4% | $3.6Bvs $2.0B+83.2% |
Northern Trust Corporation (NTRS) competitors in Asset servicing and custody banks — business model, growth, and fundamentals comparison
Northern Trust Corporation (NTRS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Northern Trust Corporation (NTRS) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 1.43B | 1.62B | 1.68B | 1.44B | 1.38B | 1.89B | 1.98B | 2.18B | 2.41B |
| NII Growth % | 15.73% | 13.54% | 3.4% | -13.99% | -4.19% | 36.49% | 5.02% | 9.84% | 10.74% |
| Net Interest Margin % | 1.03% | 1.23% | 1.23% | 0.85% | 0.75% | 1.22% | 1.31% | 1.4% | 1.36% |
| Interest Income | 1.77B | 2.32B | 2.5B | 1.64B | 1.41B | 2.88B | 7.33B | 9.76B | 8.62B |
| Interest Expense | 340.2M | 698.7M | 822M | 200.3M | 23.8M | 990.5M | 5.34B | 7.59B | 6.21B |
| Loan Loss Provision | -28M | -14.5M | -14.5M | 125M | -81.5M | 12M | 24.5M | -3M | 500K |
| Non-Interest Income | 3.95B | 4.34B | 4.4B | 4.66B | 5.08B | 4.87B | 4.79B | 6.11B | 5.68B |
| Non-Interest Income % | 69.04% | 65.14% | 63.74% | 73.92% | 78.32% | 62.88% | 39.55% | 38.51% | 39.69% |
| Total Revenue | 5.72B▲ 0% | 6.66B▲ 16.5% | 6.9B▲ 3.5% | 6.3B▼ 8.6% | 6.49B▲ 3.0% | 7.75B▲ 19.5% | 12.12B▲ 56.3% | 15.88B▲ 31.0% | 14.3B▼ 9.9% |
| Revenue Growth % | 13.84% | 16.51% | 3.55% | -8.61% | 2.97% | 19.47% | 56.31% | 31.02% | -9.93% |
| Non-Interest Expense | 3.77B | 4.02B | 4.14B | 4.35B | 4.54B | 4.98B | 5.28B | 5.63B | 5.75B |
| Efficiency Ratio | 65.95% | 60.32% | 60.09% | 69.01% | 69.91% | 64.28% | 43.61% | 35.49% | 40.24% |
| Operating Income | 1.63B▲ 0% | 1.96B▲ 19.8% | 1.94B▼ 0.7% | 1.63B▼ 16.3% | 2.01B▲ 23.5% | 1.77B▼ 12.1% | 1.46B▼ 17.1% | 2.66B▲ 81.6% | 2.33B▼ 12.3% |
| Operating Margin % | 28.59% | 29.4% | 28.2% | 25.83% | 30.98% | 22.79% | 12.09% | 16.75% | 16.3% |
| Operating Income Growth % | 7.7% | 19.82% | -0.7% | -16.28% | 23.5% | -12.13% | -17.07% | 81.56% | -12.33% |
| Pretax Income | 1.63B▲ 0% | 1.96B▲ 19.8% | 1.94B▼ 0.7% | 1.63B▼ 16.3% | 2.01B▲ 23.5% | 1.77B▼ 12.1% | 1.46B▼ 17.1% | 2.66B▲ 81.6% | 2.34B▼ 12.0% |
| Pretax Margin % | 28.59% | 29.4% | 28.2% | 25.83% | 30.98% | 22.79% | 12.09% | 16.75% | 16.36% |
| Income Tax | 434.9M | 401.4M | 451.9M | 418.3M | 464.8M | 430.3M | 357.5M | 628.4M | 602.6M |
| Effective Tax Rate % | 26.62% | 20.5% | 23.24% | 25.7% | 23.12% | 24.36% | 24.41% | 23.63% | 25.76% |
| Net Income | 1.2B▲ 0% | 1.56B▲ 29.8% | 1.49B▼ 4.1% | 1.21B▼ 19.0% | 1.55B▲ 27.8% | 1.34B▼ 13.5% | 1.11B▼ 17.1% | 2.03B▲ 83.4% | 1.74B▼ 14.5% |
| Net Margin % | 20.98% | 23.37% | 21.64% | 19.19% | 23.82% | 17.23% | 9.14% | 12.79% | 12.15% |
| Net Income Growth % | 16.13% | 29.81% | -4.12% | -18.96% | 27.78% | -13.54% | -17.12% | 83.43% | -14.48% |
| Net Income (Continuing) | 1.2B | 1.56B | 1.49B | 1.21B | 1.55B | 1.34B | 1.11B | 2.03B | 1.74B |
| EPS (Diluted) | 4.92▲ 0% | 6.64▲ 35.0% | 6.63▼ 0.2% | 5.46▼ 17.6% | 7.14▲ 30.8% | 6.14▼ 14.0% | 5.08▼ 17.3% | 9.77▲ 92.3% | 8.74▼ 10.5% |
| EPS Growth % | 13.89% | 34.96% | -0.15% | -17.65% | 30.77% | -14.01% | -17.26% | 92.32% | -10.54% |
| EPS (Basic) | 4.95 | 6.68 | 6.66 | 5.48 | 7.16 | 6.16 | 5.09 | 9.80 | 8.79 |
| Diluted Shares Outstanding | 229.65M | 224.49M | 215.6M | 209.01M | 208.9M | 208.87M | 207.56M | 201.87M | 188.58M |
Northern Trust Corporation (NTRS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 62.53B | 75.81B | 82.1B | 106.29B | 108.29B | 74.52B | 64.93B | 56.54B | 63.78B |
| Cash & Due from Banks | 50.61B | 38.93B | 43.22B | 64.27B | 69.59B | 46.63B | 41.06B | 45.4B | 61.13B |
| Short Term Investments | 11.92B | 36.89B | 38.88B | 42.02B | 38.7B | 27.9B | 23.87B | 11.14B | 2.65B |
| Total Investments | 79.02B | 83.53B | 82.4B | 94.41B | 102.71B | 94.47B | 96.74B | 94.51B | 60.12B |
| Investments Growth % | 1.48% | 5.7% | -1.35% | 14.58% | 8.79% | -8.02% | 2.4% | -2.3% | -36.39% |
| Long-Term Investments | 67.1B | 46.64B | 43.52B | 52.39B | 64.01B | 66.57B | 72.86B | 83.37B | 57.47B |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 605.6M | 669.3M | 696.8M | 707.2M | 706.2M | 691.3M | 702.3M | 694.9M | 712.9M |
| Goodwill | 605.6M | 669.3M | 696.8M | 707.2M | 706.2M | 691.3M | 702.3M | 694.9M | 712.9M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 464.6M | 428.2M | 483.3M | 514.9M | 488.7M | 500.5M | 502.2M | 490.3M | 464.6M |
| Other Assets | 6.01B | 6.92B | 9.11B | 8.93B | 8.45B | 11.05B | 11.57B | 14.37B | 54.71B |
| Total Current Assets | 64.4B | 77.55B | 83.01B | 107.46B | 110.24B | 76.22B | 65.14B | 56.58B | 63.78B |
| Total Non-Current Assets | 74.19B | 54.66B | 53.82B | 62.54B | 73.65B | 78.82B | 85.64B | 98.93B | 113.35B |
| Total Assets | 138.59B▲ 0% | 132.21B▼ 4.6% | 136.83B▲ 3.5% | 170B▲ 24.2% | 183.89B▲ 8.2% | 155.04B▼ 15.7% | 150.78B▼ 2.7% | 155.51B▲ 3.1% | 177.13B▲ 13.9% |
| Asset Growth % | 11.83% | -4.6% | 3.49% | 24.25% | 8.17% | -15.69% | -2.74% | 3.13% | 13.91% |
| Return on Assets (ROA) | 0.91% | 1.15% | 1.11% | 0.79% | 0.87% | 0.79% | 0.72% | 1.33% | 1.04% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 12.4B | 14.07B | 11.79B | 9.6B | 8.43B | 14.85B | 17.24B | 15.99B | 16.43B |
| Net Debt | -38.21B | -24.86B | -31.44B | -54.66B | -61.16B | -31.78B | -23.82B | -29.4B | -44.7B |
| Long-Term Debt | 9.26B | 11.3B | 10.74B | 8.6B | 6.74B | 12.38B | 13.41B | 13.37B | 3.48B |
| Short-Term Debt | 3.12B | 2.76B | 1.04B | 300M | 1.03B | 2.46B | 3.83B | 2.62B | 12.94B |
| Other Liabilities | 3.59B | 3.14B | 4.83B | 4.84B | 3.51B | 5B | 5.49B | 4.24B | 4.95B |
| Total Current Liabilities | 115.51B | 107.26B | 110.16B | 144.18B | 160.96B | 126.4B | 119.99B | 125.1B | 155.74B |
| Total Non-Current Liabilities | 12.86B | 14.44B | 15.57B | 14.14B | 10.91B | 17.38B | 18.89B | 17.62B | 8.43B |
| Total Liabilities | 128.37B | 121.7B | 125.74B | 158.32B | 171.87B | 143.78B | 138.89B | 142.72B | 164.17B |
| Total Equity | 10.22B▲ 0% | 10.51B▲ 2.9% | 11.09B▲ 5.5% | 11.69B▲ 5.4% | 12.02B▲ 2.8% | 11.26B▼ 6.3% | 11.9B▲ 5.7% | 12.79B▲ 7.5% | 12.96B▲ 1.3% |
| Equity Growth % | 4.56% | 2.86% | 5.55% | 5.39% | 2.81% | -6.3% | 5.67% | 7.48% | 1.33% |
| Equity / Assets (Capital Ratio) | 7.37% | 7.95% | 8.11% | 6.88% | 6.53% | 7.26% | 7.89% | 8.22% | 7.32% |
| Return on Equity (ROE) | 12% | 15.02% | 13.82% | 10.62% | 13.04% | 11.48% | 9.56% | 16.46% | 13.49% |
| Book Value per Share | 44.49 | 46.81 | 51.44 | 55.92 | 57.52 | 53.91 | 57.32 | 63.35 | 68.71 |
| Tangible BV per Share | 41.85 | 43.83 | 48.21 | 52.54 | 54.14 | 50.60 | 53.94 | 59.91 | 64.93 |
| Common Stock | 408.6M | 408.6M | 408.6M | 408.6M | 408.6M | 408.6M | 408.6M | 408.6M | 0 |
| Additional Paid-in Capital | 1.05B | 1.07B | 1.01B | 963.6M | 939.3M | 983.5M | 1.01B | 1.03B | 0 |
| Retained Earnings | 9.69B | 10.78B | 11.66B | 12.21B | 13.12B | 13.8B | 14.23B | 15.61B | 12.66B |
| Accumulated OCI | -414.3M | -453.7M | -194.7M | 428M | -35.6M | -1.57B | -1.14B | -814M | -590.5M |
| Treasury Stock | -1.39B | -2.17B | -3.07B | -3.2B | -3.3B | -3.25B | -3.5B | -4.33B | 0 |
| Preferred Stock | 882M | 882M | 1.27B | 884.9M | 884.9M | 884.9M | 884.9M | 884.9M | 884.9M |
Northern Trust Corporation (NTRS) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.72B | 1.77B | 2.59B | 1.9B | 1.36B | 2.39B | 2.63B | -486M | 5.53B |
| Operating CF Growth % | 13.93% | 2.74% | 46.65% | -26.82% | -28.51% | 76.43% | 9.75% | -118.51% | 1238.58% |
| Net Income | 1.2B | 1.56B | 1.49B | 1.21B | 1.55B | 1.34B | 1.11B | 2.03B | 1.74B |
| Depreciation & Amortization | 421.7M | 460.9M | 458.9M | 500.3M | 515.6M | 553.6M | 634.6M | 716.8M | 779.1M |
| Deferred Taxes | -76.1M | 10.5M | 34.3M | 16.4M | 2M | -142.7M | -48.2M | 20.7M | 194.5M |
| Other Non-Cash Items | -238M | 737.8M | -402.8M | 182.3M | 191.1M | -285.7M | 951.1M | -102.4M | 109.1M |
| Working Capital Changes | 413.8M | -998.1M | 1.01B | -11.5M | -898M | 931.2M | -19.2M | -3.15B | 2.71B |
| Cash from Investing | -14.02B | 4.33B | -3.4B | -29.92B | -18.6B | 25.93B | 4.78B | -2.56B | -20.17B |
| Purchase of Investments | -21.74B | -34.06B | -26.97B | -51.07B | -68.63B | -37.4B | -40.09B | -39.53B | -44.74B |
| Sale/Maturity of Investments | 20.03B | 29B | 27.35B | 44.41B | 64.98B | 44.18B | 43.74B | 37.86B | 37.8B |
| Net Investment Activity | -1.71B | -5.06B | 382.8M | -6.67B | -3.65B | 6.78B | 3.64B | -1.68B | -6.94B |
| Acquisitions | -188.5M | -104.2M | -10.5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -12.03B | 9.59B | -3.62B | -23.12B | -14.86B | 19.28B | 1.26B | -784.9M | -12.45B |
| Cash from Financing | 11.25B | -5.82B | 615.9M | 27.87B | 16.07B | -26.44B | -7.18B | 3.44B | 15.18B |
| Dividends Paid | -406.6M | -451.8M | -576.1M | -630.5M | -625.1M | -796.7M | -663.3M | -644.1M | -633.4M |
| Share Repurchases | -523.1M | -924.3M | -1.1B | -299.8M | -267.6M | -35.4M | -347.5M | -937.8M | -1.27B |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.4M |
| Net Stock Activity | -523.1M | -924.3M | -1.1B | -299.8M | -267.6M | -35.4M | -347.5M | -937.8M | -1.27B |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K |
| Other Financing | 11.07B | -6.49B | 2.59B | 31.42B | 18.17B | -31.06B | -7.11B | 5.13B | 16.8B |
| Net Change in Cash | -813.9M▲ 0% | 63.5M▲ 107.8% | -122.4M▼ 292.8% | -69.7M▲ 43.1% | -1.33B▼ 1812.1% | 1.6B▲ 219.9% | 137.3M▼ 91.4% | -114.3M▼ 183.2% | 1.2B▲ 1146.3% |
| Exchange Rate Effect | 234.6M | -212.9M | 74.7M | 84.6M | -159.6M | -287.4M | -89.8M | -504.3M | 656.4M |
| Cash at Beginning | 5.33B | 4.52B | 4.58B | 4.46B | 4.39B | 3.06B | 4.65B | 4.79B | 4.68B |
| Cash at End | 4.52B | 4.58B | 4.46B | 4.39B | 3.06B | 4.65B | 4.79B | 4.68B | 5.87B |
| Interest Paid | 328.8M | 670.2M | 845.5M | 226.8M | 30.8M | 822.4M | 5.29B | 7.61B | 0 |
| Income Taxes Paid | 441.2M | 493.5M | 437M | 327.7M | 371M | 459.9M | 362.5M | 268.6M | 0 |
| Free Cash Flow | 1.25B▲ 0% | 1.26B▲ 1.1% | 1.99B▲ 57.9% | 1.34B▼ 32.9% | 840.9M▼ 37.1% | 1.67B▲ 98.5% | 1.95B▲ 16.8% | -1.23B▼ 163.2% | 5.46B▲ 543.3% |
| FCF Growth % | 20.36% | 1.11% | 57.92% | -32.92% | -37.08% | 98.47% | 16.83% | -163.16% | 543.32% |
Northern Trust Corporation (NTRS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 11.18% | 12% | 15.02% | 13.82% | 10.62% | 13.04% | 11.48% | 9.56% | 16.46% | 13.49% |
| Return on Assets (ROA) | 0.86% | 0.91% | 1.15% | 1.11% | 0.79% | 0.87% | 0.79% | 0.72% | 1.33% | 1.04% |
| Net Interest Margin | 1% | 1.03% | 1.23% | 1.23% | 0.85% | 0.75% | 1.22% | 1.31% | 1.4% | 1.36% |
| Efficiency Ratio | 66.68% | 65.95% | 60.32% | 60.09% | 69.01% | 69.91% | 64.28% | 43.61% | 35.49% | 40.24% |
| Equity / Assets | 7.88% | 7.37% | 7.95% | 8.11% | 6.88% | 6.53% | 7.26% | 7.89% | 8.22% | 7.32% |
| Book Value / Share | 42.64 | 44.49 | 46.81 | 51.44 | 55.92 | 57.52 | 53.91 | 57.32 | 63.35 | 68.71 |
| NII Growth | 15.4% | 15.73% | 13.54% | 3.4% | -13.99% | -4.19% | 36.49% | 5.02% | 9.84% | 10.74% |
| Dividend Payout | 32.25% | 29.76% | 26.05% | 35.5% | 48.34% | 37.75% | 56.15% | 56.13% | 29.65% | 34.06% |
Northern Trust Corporation (NTRS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 22, 2026·SEC
Apr 21, 2026·SEC
Apr 21, 2026·SEC
Northern Trust Corporation (NTRS) stock FAQ — growth, dividends, profitability & financials explained
Northern Trust Corporation (NTRS) saw revenue decline by 9.9% over the past year.
Yes, Northern Trust Corporation (NTRS) is profitable, generating $1.74B in net income for fiscal year 2025 (12.1% net margin).
Yes, Northern Trust Corporation (NTRS) pays a dividend with a yield of 1.94%. This makes it attractive for income-focused investors.
Northern Trust Corporation (NTRS) has a return on equity (ROE) of 13.5%. This is reasonable for most industries.
Northern Trust Corporation (NTRS) has a net interest margin (NIM) of 1.4%. NIM has been under pressure due to interest rate environment.
Northern Trust Corporation (NTRS) has an efficiency ratio of 40.2%. This is excellent, indicating strong cost control.
Northern Trust Corporation (NTRS) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates