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Northern (NTRS)
NASDAQ:NTRS
Earnings Data
Report Date
Apr 21, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.24Last Year’s EPS
1.9Same Quarter Last Year
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong underlying operating performance and strategic progress: record NII, solid fee growth excluding notables, AUC/AUM expansion, productivity gains and continued product and distribution momentum across wealth, asset servicing and asset management. These positives were partly offset by Q4 notable charges (notably severance), higher reported expenses, an expense-to-trust-fee ratio slightly above target, and some balance sheet/capital and deposit normalization risks. On balance, management signaled confidence by raising medium-term targets and returning significant capital to shareholders while planning further productivity and AI-driven efficiencies.Company Guidance
Revenue and Fee Growth (Excluding Notables)
Fourth quarter revenue up 9% year-over-year excluding notables; full-year 2025 revenue up 7% excluding notables. Trust, investment and other servicing fees grew 7% year-over-year in the quarter.
Record Net Interest Income and NIM Improvement
Net interest income (FTE) reached a record $654 million in Q4, up 10% sequentially and 14% year-over-year. Net interest margin improved sequentially to 1.81% (noting a one-time FTE true-up impact).
Strong Profitability Metrics (Excluding Notables)
Excluding notables, pretax margin expanded to ~33% in Q4 and 30% for the full year; Q4 EPS grew 19% (excluding notables) and full-year EPS grew 17% (excluding notables). Return on equity excluding notables was in the mid-teens (14.8% cited for the year).
AUC/AUM Growth and Asset Metrics
Assets under custody and administration increased 11% year-over-year (Q4 AUC/A $17.4 trillion for asset servicing); assets under management were up 12% year-over-year overall and wealth management AUM reached $507 billion, up 13% year-over-year.
Capital Returns to Shareholders
Returned $1.9 billion to shareholders in 2025, including a record $1.3 billion of share repurchases which reduced share count by 5%; payout ratios were ~113% in Q4 and 111% for the full year.
Productivity and Operating Efficiency Gains
Productivity savings represented more than 4% of the expense base in 2025; COO organization increased managerial spans of control by over 35% and reduced management layers by over 20%. Management plans to raise the productivity target by 10% for 2026.
Business Unit Momentum — Wealth, Asset Servicing, and Asset Management
Wealth: GFO achieved record new business and international flows up 15%; wealth trust fees $578M in Q4, up 6% year-over-year. Asset Servicing: fees up 8% YoY, custody & fund admin fees up 9% YoY; pretax profit grew 23% YoY (40% excluding severance). Asset Management: 12th consecutive quarter of positive flows, liquidity AUM nearly $340 billion, doubled product launches YoY (including 11 ETFs) and $5 billion net flows in tax-advantaged equity suite.
Strategic Progress: One Northern Trust & AI Adoption
Management highlighted cross-business collaboration, expanded private markets footprint and capital markets penetration (now >1/3 of enterprise revenue). Accelerated AI deployment (NT Byron) and automation expected to drive scalability and further expense efficiencies.
NTRS Earnings History
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 |
|---|---|---|---|
Jan 22, 2026 | $144.42 | $153.12 | +6.02% |
Oct 22, 2025 | $127.75 | $124.73 | -2.37% |
Jul 23, 2025 | $124.99 | $122.72 | -1.82% |
Apr 22, 2025 | $85.12 | $87.65 | +2.97% |
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.
FAQ
When does Northern (NTRS) report earnings?
Northern (NTRS) is schdueled to report earning on Apr 21, 2026, Before Open (Confirmed).
What is Northern (NTRS) earnings time?
Northern (NTRS) earnings time is at Apr 21, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NTRS EPS forecast?
NTRS EPS forecast for the fiscal quarter 2026 (Q1) is 2.24.
