Northern Trust stock reports USD 3.40 third-quarter EPS
Published on 10/30/2026 at 00:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSQuarterly growth and forward outlook
- Third-quarter revenue excluding notable items increased 11 percent year over year, supported by trust fees, net interest income and capital markets revenue.
- Management expects fourth-quarter net interest income to grow 8 to 9 percent and total revenue to rise 6 to 7 percent year over year.
- Chief Financial Officer Dave Fox plans to retire after the first quarter of 2027, with internal and external successors under consideration.
Northern Trust reported third-quarter 2026 net income of USD 642.9 million and diluted earnings per share of USD 3.40 on October 21, 2026. In its coverage of the earnings call, MarketBeat reported that revenue excluding notable items grew 11 percent year over year, while earnings per share increased 40 percent.
Fees and interest income support growth
Trust, investment and other servicing fees rose 8 percent year over year to USD 1.4 billion. Net interest income on a fully taxable equivalent basis increased 14 percent to USD 679 million, while capital markets revenue also remained a significant contributor. The company generated more than 600 basis points of positive operating leverage, according to management.
The quarter included USD 48.7 million of pre-tax gains in other operating income. This included a USD 34 million gain from the sale of the guardianship services business and a USD 14.7 million gain related to Northern Trust's participation in the second Visa exchange offer. These items increased net income by about USD 36.6 million, so reported and underlying results should be viewed separately.
Management expects slower sequential momentum
Assuming relatively stable markets and interest rates, Northern Trust expects fourth-quarter net interest income to increase 8 to 9 percent from the year-earlier quarter and total revenue to rise 6 to 7 percent. Management also expects positive operating leverage in the fourth quarter and at least 500 basis points of operating leverage for the full year.
At 23:00 Berlin time on October 29, the Lang & Schwarz quote for Northern Trust was 154.70 euros. No verified Xetra closing comparison is included here. Investors should distinguish the company's guidance from completed results and consider that the reported quarter benefited from the identified notable items.
Northern Trust Corporation
- ISIN: US6658591044
- Ticker: NTRS
- Quote: 154.70 euros on October 29, 2026, at 23:00 Berlin time, Lang & Schwarz
- Third-quarter net income: USD 642.9 million
- Third-quarter diluted EPS: USD 3.40
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