Recent Updates — NTRSO
Northern Trust reported third-quarter net income of $642.9 million, or $3.40 per diluted common share, compared to $792.2 million in the prior quarter and $457.6 million a year ago. The results included a $48.7 million pre-tax benefit from notable items, primarily a gain on the sale of its guardianship services business and an incremental gain from Visa Exchange Offer participation. Excluding these items, revenues grew 11% and diluted EPS increased 40% year-over-year. The company also raised its quarterly cash dividend to $0.88 per share from $0.80 and returned a total of $514.2 million to shareholders through dividends and buybacks. Northern Trust operates in the financial services industry, providing wealth management, asset servicing, and treasury and loan services.
On October 20, 2026, Northern Trust appointed Rima Qureshi as a director of the Corporation and its principal subsidiary. She joins the Risk Committee and Technology and Operations Committee. Qureshi brings nearly four decades of experience in strategy and transformation from roles at Verizon, Ericsson, and Mastercard. The company is a leading provider of wealth management, asset servicing, asset management and banking services.
Northern Trust Corporation reported second quarter 2026 net income of $792.2 million, representing a 51% increase from $421.3 million in the prior-year quarter. Diluted earnings per share rose to $4.23, up from $2.13 in Q2 2025. Total revenue on a fully taxable equivalent basis reached $2,705.6 million, a 22% increase year-over-year. Notable items included a $525.4 million pre-tax gain from participation in the second Visa, Inc. Exchange Offer and a $73.9 million pre-tax loss on available-for-sale debt securities. The company returned over $1 billion to shareholders in the first half of 2026. The Board of Directors approved a 10% increase to the quarterly cash dividend, raising it to $0.80 per share. Northern Trust Corporation is a financial services company providing asset servicing, wealth management, and asset management.