NTRS
Northern Trust Corporation138.27
-1.35-0.97%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
26.36BP/E (TTM)
16.10Basic EPS (TTM)
8.59Dividend Yield
0.02%Recent Filings
8-K
10-Q
Q3 FY2025 results
Northern Trust posted solid Q3 results, with total revenue up 3% year-over-year to $2.0 billion, fueled by a 6% rise in trust, investment, and other servicing fees to $1.3 billion from favorable markets and net new business, while net interest income climbed 5% to $591 million on lower funding costs. Diluted EPS held steady at $2.29, edging up 3% y/y, supported by a negative $17 million provision for credit losses versus a $8 million provision last year, reflecting improved macroeconomic outlooks for commercial and institutional loans and residential real estate. Expenses rose 5% to $1.4 billion, driven by higher compensation and software costs, yet the return on average common equity stayed robust at 14.8%. Cash swelled to $170.3 billion with deposits at $135.8 billion, while free cash flow wasn't disclosed in the 10-Q; total debt includes $2.8 billion in senior notes and $4.1 billion in long-term debt, with strong capital ratios above well-capitalized thresholds. Competition from fintech disruptors poses ongoing pressure on fee margins.
8-K
Hunstad named Asset Management President
Northern Trust Corporation announced on September 3, 2025, that Michael Hunstad replaces Daniel Gamba as President of Asset Management, effective immediately. Hunstad, a 13-year veteran and recent Global Co-Chief Investment Officer, brings deep expertise in investment strategies and leads a team of over 300 professionals. This shift bolsters NTAM's strategic vision amid market complexities. Internal promotions like this ensure seamless continuity.
10-Q
Q2 FY2025 results
Northern Trust's Q2 revenue dipped 26% y/y to $2.0B, driven by the absence of last year's $878M Visa gain, yet trust fees rose 6% y/y to $1.2B on 9% higher AUC/A to $18.1T and net new business, while net interest income climbed 17% y/y to $611M from deposit growth and lower funding costs, lifting the margin to 1.69% (derived). Expenses fell 8% y/y to $1.4B, excluding prior-year severance and charitable charges, yielding net income of $421M, down 53% y/y but with diluted EPS of $2.13. Both segments grew fees amid favorable markets. Cash swelled to $171.9B with $137.1B deposits, supporting $4.6B operating cash flow YTD; debt stood at $13.5B with ample revolver access. Competition in custody services pressures fee growth.
8-K
New $2.5B buyback approved
Northern Trust's board approved a $2.5 billion stock repurchase program on July 22, 2025, replacing a prior authorization with about 4.8 million shares left after recent buys. This flexible tool lets the firm buy back shares via open market or private deals, unbound by expiration. Repurchases hinge on market conditions and regulations. It signals confidence in capital deployment amid liquidity needs.
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