Northern Trust Reports Strong Q3 2026 Results with 40% Net Income Growth
Northern Trust Corporation (NTRS) delivered robust third-quarter 2026 financial results, characterized by a 40% year-over-year increase in net income to $642.9 million and diluted earnings per share of $3.40. The company's performance was bolstered by an 11% growth in total revenue and a significant 14% rise in net interest income, driven by higher deposit balances and a favorable deposit mix. Operational efficiency remained high with operating leverage exceeding 600 basis points as revenue growth outpaced expense increases. Assets under custody and administration reached $19.9 trillion, up 9%, while assets under management grew to $1.96 trillion. Despite a minor charge-off related to a single commercial loan, the company maintained strong capital returns through dividends and share repurchases.
Topics: Assets Under Management Capital Returns EPS Net Income Revenue Growth