# Northern Trust Q3 2026 Earnings Report

> Northern Trust reports 40% higher Q3 earnings with $642.9M net income and $1.96T assets under management.
- Title: Northern Trust Q3 2026 Earnings Report · The Motley Fool
- Summary: Northern Trust reports 40% higher Q3 earnings with $642.9M net income and $1.96T assets under management. Northern Trust achieved 40% year-over-year net…
- Keywords: northern trust, q3 2026, earnings call, net income, assets under management, wealth management, asset servicing, digital assets, ai integration, etf conversions, finance, money
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/21/northern-trust-ntrs-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-21T18:08:27+00:00
- Read time: 2 min
- Topics: northern trust, q3 2026, earnings call, net income, assets under management, wealth management, asset servicing, digital assets, ai integration, etf conversions, finance, money
## Q3 Earnings Results
Northern Trust reported Q3 2026 net income of $642.9 million, a 40% increase from $457.6 million in the prior-year quarter.
## Diluted EPS Growth
Diluted earnings per share rose 40% year over year to $3.40, excluding notable items.
## Revenue Growth
Total revenue reached $2.3 billion, reflecting 11% year-over-year growth after excluding $48.7 million in notable gains.
## Net Interest Income
Net interest income grew 14% year over year to $679.1 million due to higher deposit balances and favorable deposit mix.
## Operating Leverage
Operating leverage exceeded 600 basis points as 11% revenue growth outpaced a 5% increase in noninterest expenses.
## Assets Under Custody
Assets under custody and administration reached $19.9 trillion, up 9% year over year driven by favorable markets and net client inflows.
## Assets Under Management
Assets under management grew to $1.96 trillion, representing 11% year-over-year growth.
## Trust Fees
Trust, investment, and other servicing fees increased 8% year over year to $1.4 billion with organic growth across all business segments.
## Global Family Office
Global family office fees rose 16% year over year to $117.2 million, reaching the strongest quarterly level of the year.
## Asset Servicing Margin
Asset servicing pretax margin reached 30.3%, an expansion of 5.6 percentage points year over year.
## Wealth Management Margin
Wealth management pretax margin increased to 41.1% from 40.5% in the prior-year quarter.
## Capital Returns
Northern Trust returned $514.2 million to shareholders through $352.3 million in share repurchases and $161.9 million in dividends.
## Common Equity Tier 1 Ratio
Common equity tier 1 capital ratio increased to 12.4%, up 20 basis points sequentially due to declining risk-weighted assets.
## Securities Lending
Securities lending fees grew 38% year over year to $29.4 million supported by borrowing demand in U.S. equities and Asia-Pacific markets.
## Foreign Exchange Trading
Foreign exchange trading income rose 47% year over year to $84.1 million despite a 13% sequential decline in volumes.
## Provision for Credit Losses
Provision for credit losses totaled $5.4 million, primarily from a charge-off related to one Commercial and Institutional loan.
## One Northern Trust Strategy
Northern Trust's One Northern Trust strategy integrates asset servicing and wealth management solutions to deepen client relationships.
## AI Integration
AI agents save relationship managers two to three hours on every client memo, allowing more time for client interaction.
## Digital Asset Strategy
Northern Trust launched the Northern Institutional Funds Stablecoin Cash Reserves Portfolio for stablecoin issuers.
## ETF Conversions
Northern Trust plans to convert six Northern Funds, representing $33 billion in assets, to ETFs by Q1 2027.
## Key takeaway

Northern Trust achieved 40% year-over-year net income growth to $642.9 million while expanding assets under management to $1.96 trillion.