Skip to content
stoqly

Northern Trust

NTRS Nasdaq Asset Management & Custody Banks Financials FY2016–FY2025

Northern Trust's revenue fell 2.5% to $8.1 billion in fiscal 2025. Net income was $1.7 billion, down 14.5%. Its return on equity was 13.5%, down from 16.5% a year earlier. Its efficiency ratio was 71.2%, up from 68.0% a year earlier. It paid out $1.9 billion in dividends and buybacks. The diluted share count fell 4.8%.

Last close · Oct 23, 2026

$167.92

1.3%
Value it Compare
Revenue Total sales reported in the income statement.
$8.1B
2.5% vs prior year
Efficiency ratio Noninterest expense as a share of revenue. Lower is better for banks.
71.2%
3.2 pts
Net income Profit after all expenses, interest and tax.
$1.7B
14.5%
Return on equity Net income as a share of average shareholders' equity.
13.5%
3.0 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$32.3B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
19.2x

About these figures. From 2020 Northern Trust's filings tag its loans only before the allowance for losses, so loans and the loan-based ratios are left blank.

What Northern Trust does

No business description yet.

Legal name
NORTHERN TRUST CORP
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000073124-26-000016
0000073124

Revenue and margins

Northern Trust had $8.1B of revenue in fiscal 2025, down 2.5% on the year before.

Revenue
Revenue
Net interest income share and efficiency ratio
Net interest share Efficiency ratio
Net interest income share and efficiency ratio
Net interest share Efficiency ratio

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 8.1% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns and efficiency

For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.

Return on equity, return on tangible equity and efficiency ratio
ROE ROTE Efficiency ratio

Dividends, buybacks and share count

Northern Trust returned $1.9B to shareholders in fiscal 2025. The diluted share count fell 4.8%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Northern Trust yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Earnings multiple

Value per share

—

Reference multiples: today 19.2x · peers 13.4x · sector 13.7x.

Balance sheet

Loans, deposits and capital at each fiscal year end.

Loans and deposits
Loans Deposits
Fiscal year endFY21FY22FY23FY24FY25
Deposits $159.9B$123.9B$116.2B$122.5B$142.8B
Total assets $183.9B$155.0B$150.8B$155.5B$177.1B
Shareholders' equity $12.0B$11.3B$11.9B$12.8B$13.0B
Goodwill $706M$691M$702M$695M$713M
Intangible assets $0.0M$0.0M$0.0M$0.0M$0.0M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.1M

1 insider

Sold, 12 months

$6.2M

5 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Aug 24, 2026 Thomas A SouthExecutive Vice President Sold 1,800 $184.90 $0.3M Form 4
Jul 29, 2026 Robert Edward Moritz Jr.Director Bought 255 $179.57 $0.0M Form 4
Jun 3, 2026 Aengus HallinanExecutive Vice President Sold 3,668 $167.36 $0.6M Form 4
May 1, 2026 Robert Edward Moritz Jr.Director Bought 225 $166.41 $0.0M Form 4
Apr 29, 2026 David W Fox JrEVP & Chief Financial Officer Sold 13 $165.74 $0.0M Form 4
Apr 28, 2026 David W Fox JrEVP & Chief Financial Officer Sold 19,987 $166.16 $3.3M Form 4
Apr 24, 2026 Clive BellowsCo-President Asset Servicing Sold 2,800 $165.02 $0.5M Form 4
Mar 5, 2026 Guy GibsonCo-President Asset Servicing Sold 3,009 $142.39 $0.4M Form 4
Mar 4, 2026 David W Fox JrEVP & Chief Financial Officer Sold 3,255 $143.89 $0.5M Form 4
Feb 25, 2026 David W Fox JrEVP & Chief Financial Officer Sold 1,450 $144.05 $0.2M Form 4
Feb 12, 2026 Clive BellowsCo-President Asset Servicing Sold 1,148 $145.26 $0.2M Form 4
Feb 12, 2026 Guy GibsonCo-President Asset Servicing Sold 1,043 $147.43 $0.2M Form 4

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Northern Trust NTRS $32.3B −2.5% — — — 19.2x —
State Street STT $48.5B 7.3% — — — 14.8x — Compare →
Ameriprise Financial AMP $48.3B 5.5% — — — 11.9x — Compare →
BNY Mellon BNY $104.1B 7.9% — — — 16.9x — Compare →
Huntington Bancshares HBAN $23.7B 10.6% — — — 12.1x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $5.0B $5.4B $6.0B $6.1B $6.1B $6.5B $6.8B $6.8B $8.3B $8.1B
Net interest income $1.2B $1.4B $1.6B $1.7B $1.4B $1.4B $1.9B $2.0B $2.2B $2.4B
Noninterest income $3.7B $3.9B $4.3B $4.4B $4.7B $5.1B $4.9B $4.8B $6.1B $5.7B
Noninterest expense $3.5B $3.8B $4.0B $4.1B $4.3B $4.5B $5.0B $5.3B $5.6B $5.8B
Provision for credit losses — — −$17.5M −$8.8M $91.6M −$58.6M $1.7M $38.2M $0.6M −$3.4M
Pretax income $1.5B $1.6B $2.0B $1.9B $1.6B $2.0B $1.8B $1.5B $2.7B $2.3B
Income tax $485M $435M $401M $452M $418M $465M $430M $358M $628M $603M
Net income $1.0B $1.2B $1.6B $1.5B $1.2B $1.5B $1.3B $1.1B $2.0B $1.7B
Net income to common $1.0B $1.1B $1.5B $1.4B $1.2B $1.5B $1.3B $1.1B $2.0B $1.7B
Diluted EPS $4.32 $4.92 $6.64 $6.63 $5.46 $7.14 $6.14 $5.08 $9.77 $8.74
Diluted shares 0.23B 0.23B 0.22B 0.22B 0.21B 0.21B 0.21B 0.21B 0.20B 0.19B
Cash flow
Stock-based compensation $86.8M $128M $131M $108M $91.4M $95.5M $125M $118M $119M $127M
Share buybacks $411M $523M $924M $1.1B $300M $268M $35.4M $348M $938M $1.3B
Dividends paid $333M $357M $405M $530M $585M $583M $750M $622M $602M $592M
Dividends and buybacks $744M $880M $1.3B $1.6B $884M $851M $786M $969M $1.5B $1.9B
Balance sheet
Loans, net $33.7B $32.5B $32.4B $31.3B — — — — — —
Deposits $101.7B $112.4B $104.5B $109.1B $143.9B $159.9B $123.9B $116.2B $122.5B $142.8B
Goodwill $519M $606M $669M $697M $707M $706M $691M $702M $695M $713M
Intangible assets $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Total assets $123.9B $138.6B $132.2B $136.8B $170.0B $183.9B $155.0B $150.8B $155.5B $177.1B
Preferred stock $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Shareholders' equity $9.8B $10.2B $10.5B $11.1B $11.7B $12.0B $11.3B $11.9B $12.8B $13.0B
Margins
Net margin 20.8% 22.3% 26.1% 24.6% 19.8% 23.9% 19.8% 16.4% 24.5% 21.5%
Net interest share of revenue 24.9% 26.6% 27.2% 27.6% 23.7% 21.4% 27.9% 29.3% 26.3% 29.8%
Efficiency ratio 70.0% 70.1% 67.4% 68.2% 71.3% 70.2% 73.7% 78.0% 68.0% 71.2%
Returns
Return on equity 11.2% 12.0% 15.0% 13.8% 10.6% 13.0% 11.5% 9.6% 16.5% 13.5%
Return on assets 0.9% 0.9% 1.2% 1.1% 0.8% 0.9% 0.8% 0.7% 1.3% 1.0%
Return on tangible equity 11.8% 12.2% 15.5% 14.3% 10.8% 13.5% 11.8% 9.8% 17.1% 13.9%
Growth
Revenue growth 5.5% 8.3% 10.9% 1.9% 0.5% 6.0% 4.6% 0.2% 22.4% −2.5%
Net income growth 6.0% 16.1% 29.8% −4.1% −19.0% 27.8% −13.5% −17.1% 83.4% −14.5%
EPS growth 8.3% 13.9% 35.0% −0.2% −17.7% 30.8% −14.0% −17.3% 92.3% −10.5%
Share count change −2.2% 0.2% −2.3% −4.0% −3.1% −0.1% −0.0% −0.6% −2.7% −4.8%
Financial health
Loans / deposits 33.1% 28.9% 31.0% 28.7% — — — — — —
Provision / loans — — −0.1% −0.0% — — — — — —
Capital allocation
Stock comp / revenue 1.8% 2.4% 2.2% 1.8% 1.5% 1.5% 1.9% 1.8% 1.4% 1.6%

Source: SEC EDGAR XBRL filings (CIK 0000073124). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open