Northern Trust Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Northern Trust Corp reported net income of $1.7B (-14.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Trust, Investment and Other Servicing Fees | $5.0B | $4.7B | $4.4B | $4.4B |
| Foreign Exchange Trading Income | $240.8M | $231.2M | $203.9M | $288.6M |
| Treasury Management Fees | $38.7M | $35.7M | $31.6M | $39.3M |
| Security Commissions and Trading Income | $170.4M | $150.5M | $135.0M | $136.2M |
| Other Operating Income | $207.7M | $1.2B | $228.7M | $191.3M |
| Investment Security Gains (Losses), net | $0 | ($189.3M) | ($169.5M) | ($214.0M) |
| Total Noninterest Income | $5.7B | $6.1B | $4.8B | $4.9B |
| Interest Income | $8.6B | $9.8B | $7.3B | $2.9B |
| Interest Expense | $6.2B | $7.6B | $5.3B | $990.5M |
| Net Interest Income | $2.4B | $2.2B | $2.0B | $1.9B |
| Provision for Credit Losses | ($7.5M) | ($3.0M) | $24.5M | $12.0M |
| Net Interest Income after Provision for Credit Losses | $2.4B | $2.2B | $2.0B | $1.9B |
| Compensation | $2.6B | $2.5B | $2.3B | $2.2B |
| Employee Benefits | $462.1M | $417.8M | $405.2M | $437.4M |
| Outside Services | $988.5M | $998.0M | $906.5M | $880.3M |
| Equipment and Software | $1.2B | $1.1B | $945.5M | $838.8M |
| Occupancy | $217.3M | $216.8M | $232.3M | $219.1M |
| Other Operating Expense | $345.3M | $455.2M | $472.9M | $359.3M |
| Total Noninterest Expense | $5.8B | $5.6B | $5.3B | $5.0B |
| Income before Income Taxes | $2.3B | $2.7B | $1.5B | $1.8B |
| Provision for Income Taxes | $602.6M | $628.4M | $357.5M | $430.3M |
| NET INCOME | $1.7B | $2.0B | $1.1B | $1.3B |
| Preferred Stock Dividends | $41.8M | $41.8M | $41.8M | $41.8M |
| Net Income Applicable to Common Stock | $1.7B | $2.0B | $1.1B | $1.3B |
| Net Income - Basic (in dollars per share) | $8.78 | $9.80 | $5.09 | $6.16 |
| Net Income - Diluted (in dollars per share) | $8.74 | $9.77 | $5.08 | $6.14 |
| Average Number of Common Shares Outstanding - Basic (in shares) | 191.4M | 201.3M | 207.2M | 208.3M |
| Average Number of Common Shares Outstanding - Diluted (in shares) | 192.2M | 201.9M | 207.6M | 208.9M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Trust, Investment and Other Servicing Fees | $1.3B | $1.3B | $1.3B | $1.2B |
| Foreign Exchange Trading Income | $97.1M | $87.7M | $57.2M | $50.6M |
| Security Commissions and Trading Income | $55.6M | $52.1M | $41.8M | $39.6M |
| Other Operating Income(1) | $594.2M | $70.4M | $60.6M | $56.4M |
| Investment Security Gains (Losses), net | ($73.9M) | $0 | $0 | $0 |
| Total Noninterest Income | $2.0B | $1.6B | $1.4B | $1.4B |
| Interest Income | $2.2B | $2.2B | $2.1B | $2.2B |
| Interest Expense | $1.5B | $1.6B | $1.6B | $1.6B |
| Net Interest Income | $675.5M | $654.0M | $590.8M | $610.5M |
| Provision for Credit Losses | ($5.3M) | ($3.0M) | ($17.0M) | $16.5M |
| Net Interest Income after Provision for Credit Losses | $680.8M | $657.0M | $607.8M | $594.0M |
| Compensation and Benefits | $868.0M | $822.2M | — | — |
| Outside Services | $246.3M | $236.7M | $248.2M | $247.0M |
| Equipment and Software | $378.5M | $308.1M | $294.2M | $293.7M |
| Occupancy | $53.5M | $51.3M | $55.0M | $52.5M |
| Other Operating Expense | $92.3M | $89.7M | $85.0M | $90.9M |
| Total Noninterest Expense | $1.6B | $1.5B | $1.4B | $1.4B |
| Income before Income Taxes | $1.1B | $700.6M | $619.5M | $564.8M |
| Provision for Income Taxes | $272.5M | $175.1M | $161.9M | $143.5M |
| Net Income | $792.2M | $525.5M | $457.6M | $421.3M |
| Preferred Stock Dividends | $4.7M | $16.2M | $16.2M | $4.7M |
| Net Income Applicable to Common Stock | $787.5M | $509.3M | $441.4M | $416.6M |
| Net Income — Basic (in dollars per share) | $4.25 | $2.72 | $2.30 | $2.14 |
| Net Income — Diluted (in dollars per share) | $4.23 | $2.71 | $2.29 | $2.13 |
| Basic (in shares) | 184.0M | 185.5M | 190.1M | 192.8M |
| Diluted (in shares) | 184.9M | 186.5M | 191.0M | 193.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and Due from Banks | $5.9B | $4.7B | $4.8B | $4.7B |
| Federal Reserve and Other Central Bank Deposits | $53.5B | $38.8B | $34.3B | $40.0B |
| Interest-Bearing Deposits with Banks | $1.7B | $1.9B | $1.9B | $1.9B |
| Federal funds sold and securities purchased under agreements to resell | $2.7B | — | — | — |
| Available for Sale (Amortized cost of $34,102.4 and $29,229.1) | $34.0B | $29.0B | $23.1B | $26.7B |
| Held to Maturity (Fair value of $22,381.2 and $20,654.5) | $23.4B | $22.3B | — | — |
| Total Debt Securities | $57.5B | $51.3B | $49.3B | $51.8B |
| Total Loans | $41.9B | $43.4B | $47.6B | $42.9B |
| Allowance for Credit Losses | ($175.0M) | ($175.5M) | ($192.3M) | ($161.1M) |
| Buildings and Equipment | $464.6M | $490.3M | $502.2M | $500.5M |
| Goodwill | $712.9M | $694.9M | $702.3M | $691.3M |
| Other Assets | $12.9B | $13.9B | $10.8B | $9.9B |
| Total Assets | $177.1B | $155.5B | $150.8B | $155.0B |
| Demand and Other Noninterest-Bearing | $14.8B | $14.3B | $14.2B | $16.6B |
| Savings, Money Market and Other Interest-Bearing | $29.0B | $26.1B | $25.3B | $31.1B |
| Savings Certificates and Other Time | $6.4B | $5.7B | $4.1B | $2.0B |
| Non U.S. Offices — Noninterest-Bearing | $12.5B | $10.0B | $8.6B | $8.8B |
| Non U.S. Offices — Interest Bearing | $80.0B | $66.3B | $64.0B | $65.5B |
| Total Deposits | $142.8B | $122.5B | $116.2B | $123.9B |
| Federal Funds Purchased | $2.1B | $2.2B | $3.0B | $1.9B |
| Securities Sold Under Agreements to Repurchase | $292.2M | $462.0M | $784.7M | $567.2M |
| Other Borrowings | $7.2B | $6.5B | $6.6B | $7.6B |
| Senior Notes | $3.4B | $2.8B | $2.8B | $2.7B |
| Long-Term Debt | $3.5B | $4.1B | $4.1B | $2.1B |
| Other Liabilities | $4.9B | $4.2B | $5.5B | $5.0B |
| Total Liabilities | $164.2B | $142.7B | $138.9B | $143.8B |
| Preferred Stock | $884.9M | $884.9M | $884.9M | $884.9M |
| Common Stock, $1.66 2/3 Par Value; Authorized 560,000,000 shares; Outstanding shares of 186,337,588 and 195,969,746 | 408.6M | 408.6M | 408.6M | 408.6M |
| Additional Paid-In Capital | $1.0B | $1.0B | $1.0B | $983.5M |
| Retained Earnings | $16.7B | $15.6B | $14.2B | $13.8B |
| Accumulated Other Comprehensive Loss | ($590.5M) | ($814.0M) | ($1.1B) | ($1.6B) |
| Treasury Stock | ($5.5B) | ($4.3B) | ($3.5B) | ($3.2B) |
| Total Stockholders’ Equity | $13.0B | $12.8B | $11.9B | $11.3B |
| Total Liabilities and Stockholders’ Equity | $177.1B | $155.5B | $150.8B | $155.0B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and Due from Banks | $5.7B | $5.8B | $5.3B | $6.4B |
| Federal Reserve and Other Central Bank Deposits | $50.6B | $41.8B | $49.4B | $52.3B |
| Interest-Bearing Deposits with Banks | $1.5B | $1.9B | $2.0B | $2.4B |
| Federal Funds Sold and Securities Purchased under Agreements to Resell | $426.5M | $1.7B | $1.9B | $921.9M |
| Available for Sale (Amortized cost of $38,198.3 and $34,102.4) | $38.1B | $36.9B | $32.9B | $32.3B |
| Held to Maturity (Fair value of $22,353.5 and $22,381.2) | $23.5B | $24.3B | $23.0B | $21.4B |
| Total Debt Securities | $61.6B | $61.2B | $55.9B | $53.7B |
| Total Loans (Net of unearned income of $4.9 and $5.3) | $43.8B | $42.5B | $42.9B | $43.3B |
| Allowance for Credit Losses | ($168.4M) | ($169.7M) | ($174.6M) | ($188.5M) |
| Buildings and Equipment | $447.6M | $447.5M | $457.1M | $467.7M |
| Goodwill | $709.6M | $709.5M | $712.9M | $714.6M |
| Other Assets | $14.5B | $18.7B | $11.9B | $11.9B |
| Total Assets | $179.3B | $174.6B | $170.3B | $171.9B |
| Demand and Other Noninterest-Bearing | $15.3B | $15.6B | $12.5B | $14.5B |
| Savings, Money Market and Other Interest-Bearing | $34.4B | $29.3B | $29.0B | $28.0B |
| Savings Certificates and Other Time | $4.7B | $5.2B | $7.4B | $6.7B |
| Non U.S. Offices — Noninterest-Bearing | $12.9B | $13.7B | $13.4B | $10.6B |
| Non U.S. Offices — Interest-Bearing | $78.3B | $75.9B | $73.5B | $77.2B |
| Total Deposits | $145.6B | $139.7B | $135.8B | $137.1B |
| Federal Funds Purchased | $1.6B | $2.0B | $1.8B | $2.4B |
| Securities Sold Under Agreements to Repurchase | $175.6M | $330.5M | $371.5M | $841.4M |
| Other Borrowings | $8.6B | $7.8B | $6.6B | $6.5B |
| Senior Notes | $3.3B | $3.3B | $2.8B | $2.8B |
| Long-Term Debt | $2.1B | $2.9B | $4.1B | $4.1B |
| Other Liabilities | $4.5B | $5.5B | $5.9B | $5.3B |
| Total Liabilities | $165.9B | $161.6B | $157.3B | $159.0B |
| Preferred Stock | $884.9M | $884.9M | $884.9M | $884.9M |
| Common Stock | $408.6M | $408.6M | $408.6M | $408.6M |
| Additional Paid-In Capital | $1.0B | $1.0B | $1.0B | $1.0B |
| Retained Earnings | $17.7B | $17.1B | $16.4B | $16.1B |
| Accumulated Other Comprehensive Loss | ($551.7M) | ($636.6M) | ($635.1M) | ($699.2M) |
| Treasury Stock | ($6.1B) | ($5.7B) | ($5.1B) | ($4.9B) |
| Total Stockholders’ Equity | $13.4B | $13.0B | $13.0B | $12.9B |
| Total Liabilities and Stockholders’ Equity | $179.3B | $174.6B | $170.3B | $171.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net Income | $1.7B | $2.0B | $1.1B | $1.3B |
| Investment Security Losses, net | $0 | $189.3M | $169.5M | $1.1M |
| Amortization and Accretion of Securities and Unearned Income, net | ($67.8M) | ($35.1M) | $3.0M | $59.2M |
| Provision for Credit Losses | ($7.5M) | ($3.0M) | $24.5M | $12.0M |
| Depreciation and Amortization | $779.1M | $716.8M | $634.6M | $553.6M |
| Change in Accrued Income Taxes | ($104.4M) | $183.5M | ($44.4M) | $61.3M |
| Pension Plan Contributions | ($142.1M) | ($212.0M) | ($20.4M) | ($24.3M) |
| Deferred Income Tax Provision | $194.5M | $20.7M | ($48.2M) | ($142.7M) |
| Change in Receivables | ($42.6M) | ($6.1M) | $12.0M | $57.9M |
| Change in Interest Payable | ($24.8M) | ($41.9M) | $85.8M | $172.6M |
| Change in Collateral With Derivative Counterparties, net | $2.9B | ($3.3B) | ($72.6M) | $639.4M |
| Other Operating Activities, net | $326.5M | ($41.6M) | $774.5M | ($333.7M) |
| Net Cash Provided by (Used in) Operating Activities | $5.5B | ($486.0M) | $2.6B | $2.4B |
| Change in Federal Funds Sold and Securities Purchased under Agreements to Resell | ($2.2B) | $301.6M | $285.4M | ($419.0M) |
| Change in Interest-Bearing Deposits with Banks | $277.2M | ($121.0M) | $28.5M | ($158.9M) |
| Net Change in Federal Reserve and Other Central Bank Deposits | ($13.3B) | ($5.3B) | $6.2B | $23.5B |
| Purchases of Held to Maturity Debt Securities | ($33.1B) | ($26.5B) | ($32.8B) | ($32.8B) |
| Proceeds from the Maturity and Redemption of Held to Maturity Debt Securities | $32.8B | $30.1B | $32.1B | $37.7B |
| Purchases of Available for Sale Debt Securities | ($9.4B) | ($13.0B) | ($7.3B) | ($4.6B) |
| Proceeds from the Maturity and Sales of Available for Sale Debt Securities | $5.0B | $7.0B | $11.6B | $6.5B |
| Change in Loans | $1.5B | $4.2B | ($4.7B) | — |
| Purchases of Buildings and Equipment | ($74.0M) | ($101.5M) | ($116.5M) | ($128.6M) |
| Purchases and Development of Computer Software | ($700.2M) | ($644.0M) | ($559.3M) | ($594.9M) |
| Proceeds from the sale of Visa Shares | 12.1M | 800.6M | — | — |
| Other Investing Activities, net | ($986.3M) | $633.2M | ($1.5B) | ($319.3M) |
| Net Cash (Used in) Provided by Investing Activities | ($20.2B) | ($2.6B) | $4.8B | $25.9B |
| Change in Deposits | $16.8B | $6.3B | ($8.5B) | ($33.0B) |
| Change in Federal Funds Purchased | ($18.4M) | ($885.9M) | $1.1B | $1.9B |
| Change in Securities Sold under Agreements to Repurchase | ($169.8M) | ($322.7M) | $217.5M | $35.3M |
| Change in Short-Term Other Borrowings | $566.8M | ($103.8M) | ($1.1B) | $4.0B |
| Proceeds from Long-Term Debt | $750.0M | $0 | $2.0B | — |
| Repayments of Long-Term Debt | ($1.4B) | — | $0 | $0 |
| Proceeds from Senior Notes | $499.8M | $0 | $0 | $2.0B |
| Treasury Stock Purchased | ($1.3B) | ($937.8M) | ($347.5M) | ($35.4M) |
| Net Proceeds from Stock Options | $6.4M | $9.4M | $2.3M | $3.9M |
| Cash Dividends Paid on Common Stock | ($591.6M) | ($602.3M) | ($621.5M) | ($750.2M) |
| Cash Dividends Paid on Preferred Stock | ($41.8M) | ($41.8M) | ($41.8M) | ($46.5M) |
| Other Financing Activities, net | ($11.1M) | ($6.4M) | ($2.7M) | $0 |
| Net Cash Provided by (Used in) Financing Activities | $15.2B | $3.4B | ($7.2B) | ($26.4B) |
| Effect of Foreign Currency Exchange Rates on Cash | $656.4M | ($504.3M) | ($89.8M) | ($287.4M) |
| Change in Cash and Due from Banks | $1.2B | ($114.3M) | $137.3M | $1.6B |
| Cash and Due from Banks at Beginning of Period | $4.7B | $4.8B | $4.7B | $3.1B |
| Cash and Due from Banks at End of Period | $5.9B | $4.7B | $4.8B | $4.7B |
| Interest Paid | $6.2B | $7.6B | $5.3B | $822.4M |
| Income Taxes Paid | $426.8M | $268.6M | $362.5M | $459.9M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net Income | $1.3B | $525.5M | $1.3B | $813.3M |
| Investment Security Losses (Gains), net | $73.9M | $0 | $0 | $0 |
| Amortization and Accretion of Securities and Unearned Income, net | ($41.2M) | ($19.7M) | ($51.1M) | ($33.9M) |
| Provision for Credit Losses | ($8.3M) | ($3.0M) | $500.0K | $17.5M |
| Depreciation and Amortization | $395.5M | $197.1M | $582.2M | $386.4M |
| Pension Plan Contributions | ($7.2M) | ($7.2M) | ($137.9M) | ($137.9M) |
| Change in Receivables | ($126.5M) | ($164.8M) | ($33.2M) | ($10.4M) |
| Change in Interest Payable | ($27.1M) | $28.6M | $43.3M | $21.8M |
| Change in Collateral With Derivative Counterparties, net | ($1.5B) | ($1.2B) | $2.0B | $3.1B |
| Other Operating Activities, net | ($443.5M) | $296.0M | $1.5B | $476.2M |
| Net Cash (Used in) Provided by Operating Activities | ($384.9M) | ($320.0M) | $5.1B | $4.6B |
| Change in Federal Funds Sold and Securities Purchased under Agreements to Resell | $2.3B | $999.7M | ($1.4B) | ($459.2M) |
| Change in Interest-Bearing Deposits with Banks | $145.1M | ($149.6M) | ($12.9M) | ($395.9M) |
| Net Change in Federal Reserve and Other Central Bank Deposits | $2.5B | $11.3B | ($9.2B) | ($11.8B) |
| Purchases of Held to Maturity Debt Securities | ($18.1B) | ($9.6B) | ($24.7B) | ($14.5B) |
| Proceeds from the Maturity and Redemption of Held to Maturity Debt Securities | $17.8B | $8.5B | $24.9B | $16.3B |
| Purchases of Available for Sale Debt Securities | ($9.2B) | ($4.6B) | ($6.9B) | ($5.2B) |
| Proceeds from the Maturity and Sales of Available for Sale Debt Securities | $5.0B | $1.7B | $3.5B | $2.4B |
| Change in Loans | ($1.9B) | ($580.5M) | $497.6M | $147.4M |
| Purchases of Buildings and Equipment | ($34.8M) | ($9.4M) | ($41.2M) | ($24.8M) |
| Purchases and Development of Computer Software | ($339.2M) | ($210.1M) | ($528.1M) | ($376.2M) |
| Proceeds from the Sale of Visa Shares | 169.3M | — | 11.7M | 12.9M |
| Other Investing Activities, net | $338.0M | ($3.9B) | $1.0B | $334.9M |
| Net Cash Used in Investing Activities | ($1.4B) | $3.5B | ($13.1B) | ($13.9B) |
| Change in Deposits | $3.3B | ($2.5B) | $9.9B | $10.7B |
| Change in Federal Funds Purchased | ($572.2M) | ($166.7M) | ($407.6M) | $229.0M |
| Change in Securities Sold under Agreements to Repurchase | ($116.6M) | $38.3M | ($90.5M) | $379.4M |
| Change in Short-Term Other Borrowings | $1.5B | $662.6M | ($6.2M) | ($56.7M) |
| Repayments of Long-Term Debt | ($1.4B) | ($600.0M) | — | — |
| Treasury Stock Purchased | ($709.5M) | ($358.9M) | ($903.6M) | ($626.6M) |
| Net Proceeds from Stock Options | $2.8M | $2.7M | $4.5M | $4.5M |
| Cash Dividends Paid on Common Stock | ($295.4M) | ($148.5M) | ($442.0M) | ($290.1M) |
| Cash Dividends Paid on Preferred Stock | ($20.9M) | ($16.2M) | ($37.1M) | ($20.9M) |
| Other Financing Activities, net | ($4.8M) | ($1.7M) | ($8.0M) | ($5.2M) |
| Net Cash Provided by Financing Activities | $1.6B | ($3.1B) | $8.0B | $10.3B |
| Effect of Foreign Currency Exchange Rates on Cash | ($38.9M) | ($100.3M) | $584.1M | $692.9M |
| Change in Cash and Due from Banks | ($136.2M) | ($57.1M) | $669.0M | $1.7B |
| Cash and Due from Banks at Beginning of Period | $5.9B | $5.9B | $4.7B | $4.7B |
| Cash and Due from Banks at End of Period | $5.7B | $5.8B | $5.3B | $6.4B |
| Interest Paid | $3.1B | $1.6B | $4.7B | $3.1B |
| Income Taxes Paid | $312.3M | $97.9M | $312.3M | $245.7M |
Northern Trust Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.