Northern Trust Corp (NYSE: NTRS) closed the U.S. trading session higher at the market close, reflecting investor reaction to the company’s fourth-quarter 2025 earnings. The stock ended the session at $145.57, posting a positive intraday percentage move following the release of quarterly results.
Northern Trust provides asset servicing, asset management, wealth management, and banking services to institutional and high-net-worth clients globally.
Market Capitalization
Northern Trust had a market capitalization of approximately $27.5 billion at the U.S. market close.
Latest Quarterly Results
For the fourth quarter ended December 31, 2025, Northern Trust reported:
- Total revenue (FTE basis): $2.14 billion, up 9% year over year excluding notable items
- Net income (GAAP): $466 million, compared with $455 million a year earlier
- Earnings per share: $2.42
- Return on average common equity: 15.4%
Key components
- Trust, investment and other servicing fees: $1.3 billion, up 7% year over year
- Net interest income (FTE): $654 million, up 14% year over year and up 10% sequentially
Assets
- Assets under custody and administration (AUC/A): $18.7 trillion, up 11% year over year
- Assets under management (AUM): $1.8 trillion, up 12% year over year
Segment Highlights
- Wealth Management
- Client AUM: $507 billion, up 13% year over year
- Trust fees: $578 million, up 6% year over year
- Asset Servicing
- AUC/A: $17.4 trillion, up 11% year over year
- Asset servicing fees: $730 million, up 8% year over year
- Pretax margin: 25.5%, up 210 basis points year over year
Chart – Financial Trends
Chart 1: Northern Trust – Revenue
Chart 2: Northern Trust – Stock Price
Full-Year Results Context
For fiscal year 2025:
- Revenue declined 2% on a reported basis, reflecting the absence of prior-year favorable notable items
- Revenue increased 7% excluding notable items
- Net income and EPS declined on a reported basis
- EPS increased 17% excluding notable items
- Pretax margin: 30%, up 160 basis points year over year excluding notable items
Business & Operations Update
- Net interest margin: 1.81%, up sequentially
- Credit quality: Remained within historical norms; $8 million reserve release recorded in Q4
- Capital ratios
- CET1 (standardized): 12.6%
- Tier 1 leverage ratio: 7.8%
- Shareholder returns: $522 million returned in Q4; $1.9 billion returned for full year 2025 through dividends and repurchases
Guidance & Outlook
Management expects:
- 2026 net interest income growth in the low-to-mid single-digit range
- More than 100 basis points of positive operating leverage
- Return of more than 100% of earnings to shareholders
These expectations assume current interest-rate curves and a stable deposit mix
Performance Summary
- Northern Trust shares closed higher following Q4 results.
- Quarterly revenue and net income increased year over year.
- Trust fees and net interest income drove performance.
- Full-year results reflected growth excluding prior-year notable items.
