NORTHERN TRUST CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 3,352 | 20.5 |
| Stockholders' equity | 12,958 | 79.5 |
| Total capitalization | 16,309 | 100.0 |
182,955,653 shares outstanding at 30 June 2026 (cover page of the 10-Q filed 30 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Not tagged in XBRL |
CAPITAL STOCK 12/31/25
| Common shares authorized | 560,000,000 |
| Common shares issued | 245,200,000 |
| Treasury shares | 58,833,936 |
| Par or stated value per share ($) | 1.667 |
| Outstanding at 6/30/26 | 182,955,653 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 3.10 | 35.5 |
| 2024 | 3.00 | 30.7 |
| 2023 | 3.00 | 59.1 |
| 2022 | 2.90 | 47.2 |
| 2021 | 2.80 | 39.2 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 6022, State Commercial Banks. Large accelerated filer. Principal executive office: 50 S Lasalle St, Chicago, IL 60603. Fiscal year ends December 31. Deposits at 12/31/25: $142,798 million. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Total interest income | 8,625 | 9,762 | 7,325 |
| Total interest expense | 6,214 | 7,585 | 5,343 |
| Net interest income | 2,411 | 2,177 | 1,982 |
| Noninterest income | 5,675 | 6,113 | 4,792 |
| Noninterest expense | 5,754 | 5,634 | 5,284 |
| Total net revenue | 8,086 | 8,290 | 6,774 |
| Income before income taxes | 2,340 | 2,660 | 1,465 |
| Income taxes | 603 | 628 | 358 |
| Net income | 1,737 | 2,031 | 1,107 |
| Earned per share, diluted ($) | 8.74 | 9.77 | 5.08 |
| Dividends per share ($) | 3.10 | 3.00 | 3.00 |
CONSOLIDATED STATEMENT OF CONDITION
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and due from banks | 5,873 | 4,677 |
| Interest-bearing deposits with banks | 1,729 | 1,945 |
| Loans | 41,948 | 43,391 |
| Allowance for credit losses | 164 | 168 |
| Total assets | 177,133 | 155,508 |
| Deposits | 142,798 | 122,483 |
| Total liabilities | 164,175 | 142,720 |
| Stockholders' equity | 12,958 | 12,788 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Total assets | Total liabilities | Total debt | Deposits | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 8,086 | – | 1,737 | 21.5 | 8.74 | 3.10 | 5,534 | 177,133 | 164,175 | 3,352 | 142,798 | 12,958 | 13.4 | 0.26 |
| 12/31/24 | 8,290 | – | 2,031 | 24.5 | 9.77 | 3.00 | (486) | 155,508 | 142,720 | 2,770 | 122,483 | 12,788 | 15.9 | 0.22 |
| 12/31/23 | 6,774 | – | 1,107 | 16.3 | 5.08 | 3.00 | 2,626 | 150,783 | 138,885 | 2,773 | 116,164 | 11,898 | 9.3 | 0.23 |
| 12/31/22 | 6,761 | – | 1,336 | 19.8 | 6.14 | 2.90 | 2,392 | 155,037 | 143,777 | 2,724 | 123,932 | 11,260 | 11.9 | 0.24 |
| 12/31/21 | 6,464 | – | 1,545 | 23.9 | 7.14 | 2.80 | 1,356 | 183,890 | 171,873 | 2,506 | 159,928 | 12,017 | 12.9 | 0.21 |
| 12/31/20 | 6,101 | – | 1,209 | 19.8 | 5.46 | 2.80 | 1,897 | 170,004 | 158,316 | 3,122 | 143,878 | 11,688 | 10.3 | 0.27 |
| 12/31/19 | 6,073 | – | 1,492 | 24.6 | 6.63 | 2.60 | 2,592 | 136,828 | 125,737 | 2,573 | 109,121 | 11,081 | 13.5 | 0.23 |
| 12/31/18 | 5,960 | – | 1,556 | 26.1 | 6.64 | 1.94 | 1,768 | 132,212 | 121,704 | 2,011 | 104,497 | 10,508 | 14.8 | 0.19 |
| 12/31/17 | 5,375 | – | 1,199 | 22.3 | 4.92 | 1.60 | 1,720 | 138,590 | 128,374 | 1,497 | 112,391 | 10,216 | 11.7 | 0.15 |
| 12/31/16 | 4,962 | – | 1,032 | 20.8 | 4.32 | – | 1,510 | 123,927 | 114,156 | 1,497 | 101,652 | 9,770 | 10.6 | 0.15 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; capital expenditure and free cash flow are not shown for banks and insurers, where they are not meaningful; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
NORTHERN TRUST CORP
CIK 73124 · EIN 36-2723087
PRINCIPAL OFFICE:
50 S Lasalle St, Chicago, IL 60603
Tel.: 3126306000
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
6022 · State Commercial Banks
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 24 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/24/26) · 10-K FY2024 (filed 2/24/25) · 10-K FY2023 (filed 2/27/24) · 10-K FY2022 (filed 2/28/23) · 10-K FY2021 (filed 2/28/22) · 10-K FY2020 (filed 2/23/21) · 10-K FY2019 (filed 2/25/20) · 10-K FY2018 (filed 2/26/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.