AI-extracted from the 10-Q filed 2026-07-30 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income surged 88% YoY to $792M in Q2 2026, driven by a $525M Visa exchange offer gain and strong fee revenue growth of 10%, partially offset by a $74M securities portfolio loss.
Biggest Revenue Drivers
Trust, Investment and Other Servicing Fees$1,349.5M+10% YoY
Favorable markets, net client inflows, and net new business drove increases in custody, fund administration, investment management, and securities lending fees.
Net Interest Income$675.5M+11% YoY
Higher deposits and lower funding costs, partially offset by lower asset yields.
Biggest Revenue Drivers
Total revenue: $2.7B+35% YoY
Trust, Investment and Other Servicing Fees$1,349.5M+10% YoY
Favorable markets, net client inflows, and net new business drove increases in custody, fund administration, investment management, and securities lending fees.
Net Interest Income$675.5M+11% YoY
Higher deposits and lower funding costs, partially offset by lower asset yields.
Other Noninterest Income$673.0M+330% YoY
Includes $525.4M gain from Visa Class B exchange offer participation, higher foreign exchange and trading volumes from market volatility, offset by $73.9M AFS securities portfolio loss.
Largest Expense Items
Compensation and Benefits$868.0M+18% YoY
$51.0M severance charges, $33.1M Invested as One equity grant, higher incentives, base pay adjustments, and pension expense.
Equipment and Software$378.5M+29% YoY
$61.5M software dispositions charge for internal-use software no longer planned for deployment, plus higher software support and amortization.
Outside Services$246.3MFlat YoY
Margins: Net interest margin on FTE basis improved to 1.81% from 1.69% YoY, driven by lower funding costs and higher deposits, though partially offset by lower asset yields and strategic securities portfolio purchases.
Watch Items from the Filing
Assets under custody/administration grew 11% YoY to $20.0B, supported by favorable markets and net inflows, but client concentration and market volatility sensitivity remain key monitoring areas for fee stability.
$525.4M Visa Class B exchange offer gain is non-recurring; excluding this and the $73.9M portfolio loss, underlying operating net income growth would be approximately 20% YoY, not 88%.
Nonaccrual loans decreased 7% to $71.3M; credit quality improved with negative provision of $5.3M reflecting strengthening macroeconomic outlook and improved CRE/C&I portfolio quality.
Common Equity Tier 1 capital ratio at 12.2% (standardized approach) and 14.3% (advanced approach) remain above well-capitalized minimums but declined from 12.6% and 15.0% in prior year, indicating capital deployment and share buybacks.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
8 transactions in NTRS reported by 4 members of Congress under the STOCK Act, most recent trade Oct 31, 2025. Reported transactions, not recommendations.
About NORTHERN TRUST CORP (NTRS): stock profile, AI score and financials
NORTHERN TRUST CORP (NTRS) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores NTRS at 66.9/100 on a composite quality score built from its SEC filings, placing it at rank #382 of 2,925 stocks — the top 25% of the AI-ranked universe. NTRS scores in the top quartile across profitability (86.0), revenue scale (85.1). Areas of concern include earnings quality (15.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 44.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), NORTHERN TRUST CORP reports quarterly revenue of $2.7B, net income of $792.2M, an operating margin of 39.5%. Top institutional holders of NTRS by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. NTRS trades on the Nasdaq exchange and files with the SEC under CIK 73124. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NTRS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NORTHERN TRUST CORP directly from SEC EDGAR.