The earnings call demonstrated strong revenue and EPS growth, robust capital returns, and expansion in alternatives and asset servicing. However, challenges such as a decline in FX trading income, increased credit loss provisions, and margin pressures in Wealth Management were noted.

Company Guidance -

Q3 2025

During the Northern Trust Corporation's second quarter 2025 earnings call, the company reported an 8% increase in revenue and a 20% rise in earnings per share, excluding notable items from the prior year. They highlighted a return of over 100% of earnings to shareholders through dividends and record share repurchases. The firm's strategic focus, known as the One Northern Trust strategy, has driven four consecutive quarters of positive organic growth and operating leverage. The strategy centers on optimizing growth, driving productivity, and strengthening resilience and risk management. The company also emphasized their efforts in expanding their alternatives platform, with assets under advisement up 66% year-over-year. Additionally, Northern Trust adjusted its return on equity target from 10-15% to 13-15%, reflecting confidence in their ongoing strategic execution and financial progress.

Revenue and EPS Growth

Revenue grew by 8%, and earnings per share increased by 20% compared to the previous year, excluding notable items.

Strong Capital Returns

Northern Trust returned over 100% of earnings to shareholders through dividends and record share repurchases.

Alternatives Expansion

Assets under advisement for alternatives increased by 66% year-over-year, with significant mandates like a $1.25 billion private credit mandate.

Asset Servicing Momentum

Assets under administration are approaching $1 trillion, with strong new business growth and high client retention.

Improving Financial Performance

Fourth consecutive quarter of positive organic growth and operating leverage, with a pretax margin improvement of 160 basis points.

Dividend Increase

Board approved a $0.05 or 7% increase to the quarterly dividend.

Northern (NTRS) Earnings, Revenues Date & History

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NTRS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	2.17 / -	2.22	―	―	―
Jul 23, 2025	2025 (Q2)	2.06 / 2.13	1.78	19.66% (+0.35)
Apr 22, 2025	2025 (Q1)	1.85 / 1.90	1.69	12.43% (+0.21)
Jan 23, 2025	2024 (Q4)	2.01 / 2.26	1.46	54.79% (+0.80)
Oct 23, 2024	2024 (Q3)	1.74 / 2.22	1.49	48.99% (+0.73)
Jul 17, 2024	2024 (Q2)	1.75 / 1.78	1.56	14.10% (+0.22)
Apr 16, 2024	2024 (Q1)	1.45 / 1.69	1.51	11.92% (+0.18)
Jan 18, 2024	2023 (Q4)	1.34 / 1.46	1.73	-15.61% (-0.27)
Oct 18, 2023	2023 (Q3)	1.50 / 1.49	1.8	-17.22% (-0.31)
Jul 19, 2023	2023 (Q2)	1.62 / 1.56	1.86	-16.13% (-0.30)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NTRS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$126.53	$124.23	-1.82%
Apr 22, 2025	$86.17	$88.73	+2.97%
Jan 23, 2025	$105.80	$107.92	+2.00%
Oct 23, 2024	$93.73	$100.30	+7.01%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.