The earnings call reflected a strong financial performance with significant growth in revenue, EPS, and capital return to shareholders. There was momentum in alternative investments and capital markets. However, challenges included increased credit loss provisions and the need to further enhance growth in Wealth Management.

Company Guidance

During Northern Trust Corporation's Second Quarter 2025 Earnings Call, the company reported significant metrics and strategic updates. Revenue increased by 8%, while earnings per share (EPS) rose by 20% compared to the prior year, excluding notable items. The company emphasized its commitment to returning over 100% of earnings to shareholders through dividends and record share repurchases. In terms of strategic focus, Northern Trust is executing its One Northern Trust strategy, which has driven four consecutive quarters of positive organic growth and operating leverage. The company's assets under custody and administration reached $16.9 trillion, up 9% year-over-year, while assets under management grew by 11% to $1.2 trillion. Northern Trust is also advancing initiatives in alternative investments, with assets under advisement increasing by 66% year-over-year. The company reported a second-quarter net income of $421 million and a return on average common equity of 14.2%, with an updated return on equity (ROE) target range of 13% to 15%.

Strong Revenue and EPS Growth

Northern Trust reported an 8% growth in revenue and a 20% increase in earnings per share, excluding notables from the prior year.

Successful Capital Return to Shareholders

The company returned more than 100% of earnings to shareholders through dividends and record share repurchases, reflecting a payout ratio of 117%.

Record Fundraising Year for 50 South Capital

The alternatives investment platform within Asset Management had a record fundraising year, with significant contributions from various investor groups.

Improved Financial Metrics

Net interest income reached a record $615 million, up 16% year-over-year, and the return on average common equity was 14.2%.

Increased ROE Target

ROE target was increased from 10%-15% to 13%-15% due to recent momentum and confidence in the trajectory.

Expansion in Alternatives and ETFs

The company is leveraging growth in private markets and plans to launch 11 new fixed income ETFs in the third quarter.

Strong Capital Markets Business Performance

Capital Markets revenue was up 15% in the first half of the year, with more than 30% growth in outsourced trading and currency management.

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)	2.20 / -	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	$125.75	$123.46	-1.82%
Apr 22, 2025	$85.64	$88.18	+2.97%
Jan 23, 2025	$105.15	$107.25	+2.00%
Oct 23, 2024	$93.15	$99.68	+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.