The earnings call highlighted strong capital management, positive operating leverage, and growth in key segments such as asset management and wealth management. However, there were concerns about sequential declines in certain revenue streams and rising expenses. Despite some challenges, the company remains well-positioned with a solid balance sheet and strategic initiatives aimed at growth.

Company Guidance

In the Northern Trust Corporation's first quarter 2025 earnings call, guidance indicated continued positive operating leverage for the third consecutive quarter, driven by mid-single-digit growth in trust fees and net interest income. Excluding notable items, earnings per share (EPS) rose by 13%, with a 13% return on common equity while returning $435 million to shareholders. The company projected an expense growth of below 5% for the full year, with an updated full-year net interest income (NII) guidance from low single-digit to low to mid-single-digit growth. Assets under custody and administration increased by 3% year-over-year, with asset servicing fees growing by 4% and investment management fees up by 9%. The call highlighted strategic focus on growth initiatives, including alternative investment solutions and family office services, alongside efforts in risk management and productivity enhancements.

Positive Operating Leverage

Northern Trust reported its third consecutive quarter of positive operating leverage, driven by mid-single-digit growth in both trust fees and net interest income.

EPS and Return on Equity Increase

Earnings per share, excluding notables, increased by 13%, and the company generated a return on common equity of 13%.

Capital Returns to Shareholders

The company returned $435 million to shareholders through dividends and stock repurchases.

Growth in Asset Management

Fundraising in the asset management segment is strong, with an on-track goal to nearly double capital raise versus prior year averages.

Strong Performance in Wealth Management

The wealth management segment reported a 6% increase in assets under management year over year.

Family Office Solutions Launch

The launch of Family Office Solutions was positively received, focusing on ultra-high-net-worth clients with more than $100 million in net worth.

Solid Balance Sheet and Regulatory Ratios

The common equity Tier 1 ratio increased by 50 basis points to 12.9%, maintaining strong capital levels.

Asset Servicing Growth

Assets under custody and administration increased by 3% compared to the prior year, with new business growth at attractive margins.

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Northern (NTRS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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NTRS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 23, 2025	2025 (Q2)	2.01 / -	1.78	―	―	―
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)
Apr 25, 2023	2023 (Q1)	1.52 / 1.51	1.77	-14.69% (-0.26)

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

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NTRS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 22, 2025	$86.78	$89.36	+2.97%
Jan 23, 2025	$106.55	$108.68	+2.00%
Oct 23, 2024	$94.39	$101.02	+7.02%
Jul 17, 2024	$88.69	$84.19	-5.07%

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.

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