Every material Form 8-K Northern Trust has filed with the SEC since April 16, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Northern Trust reported third-quarter 2026 net income of $642.9 million, or $3.40 per diluted share, up from $457.6 million and $2.29 a year earlier. Results fell from the second quarter, which included a $525.4 million Visa Exchange Offer gain, and the company also reported $48.7 million in pre-tax notable items this quarter. Shareholders also received a higher quarterly dividend of $0.88 per share, up from $0.80.
Diluted EPS was $3.40, up 48% from $2.29 a year earlier but down 20% from $4.23 in the second quarter of 2026.
Total revenue (FTE) was $2.3 billion, up 13% from a year earlier and down 15% from the prior quarter.
Quarterly notable items were $48.7 million pre-tax, including a $34.0 million gain on the sale of the guardianship services business.
The quarterly dividend rose to $0.88 per share from $0.80, and the company returned $514.2 million to common shareholders in the quarter.
Northern Trust appointed Rima Qureshi as a director of the company and of its principal subsidiary, The Northern Trust Company, effective October 20, 2026. She joins the Risk Committee and the Technology and Operations Committee, and will receive prorated director equity awards through the 2027 Annual Meeting of Stockholders. The filing describes a board change with no reported financial figures.
Appointed to the Northern Trust Corporation board and The Northern Trust Company board on October 20, 2026
Named to the Risk Committee and the Technology and Operations Committee, effective October 20, 2026
Former executive vice president and chief strategy officer of Verizon Communications, which she joined in 2017; previously spent 23 years at Ericsson
Will receive prorated equity awards under the Non-Employee Director Compensation Plan through the 2027 Annual Meeting
Northern Trust Chief Financial Officer David W. Fox, Jr. told the company on September 28, 2026 that he plans to retire on or around March 31, 2027. The company said it will conduct a comprehensive internal and external search for his successor, and Fox is expected to keep leading Finance during the transition.
Fox informed the company on September 28, 2026 of his plan to retire, effective on or around March 31, 2027.
Fox intends to remain in his role through the end of the first quarter of 2027 to support an orderly transition.
The company plans a comprehensive internal and external search for its next Chief Financial Officer.
Fox joined Northern Trust in 2012 and previously spent more than 25 years at JPMorgan.
Northern Trust reported second-quarter 2026 net income of $792.2 million, or $4.23 per diluted share, up from $421.3 million and $2.13 a year earlier, and up from $525.5 million and $2.71 in the first quarter. Results include a $525.4 million pre-tax gain from the Visa Exchange Offer, partly offset by $145.6 million in pre-tax notable expense items, and the board approved a 10% increase to the quarterly dividend on July 21, 2026.
Q2 2026 net income of $792.2 million and diluted EPS of $4.23, versus $421.3 million and $2.13 in Q2 2025.
Total revenue on a fully taxable equivalent basis rose 35% year over year to $2,705.6 million.
Pre-tax notable items included a $525.4 million Visa gain, a $73.9 million securities loss and $145.6 million of expense items.
The board approved an $0.08, or 10%, increase to the quarterly dividend at its July 21, 2026 meeting.
Northern Trust reported first-quarter 2026 net income of $525.5 million, or $2.71 per diluted share, up from $392.0 million and $1.90 a year earlier. Total revenue on a fully taxable equivalent basis rose 14% to $2,213.2 million, and the company returned $509.7 million to common shareholders through dividends and buybacks, which matters to shareholders because it shows both earnings growth and capital returns.
Net income of $525.5 million, up 34% from $392.0 million in Q1 2025 and up from $466.0 million in Q4 2025
Diluted EPS of $2.71, up 43% from $1.90 a year earlier; return on average common equity of 17.4%
Total revenue (FTE) of $2,213.2 million, up 14% year over year; pre-tax margin (FTE) of 32.0%
Returned $509.7 million to common shareholders; repurchased 2,488,148 shares at a total cost of $358.9 million
Northern Trust reported fourth-quarter 2025 net income of $466.0 million, or $2.42 per diluted share, up from $455.4 million and $2.26 a year earlier, and total revenue on a fully taxable equivalent basis rose 8% to $2,135.8 million. Full-year 2025 net income fell 14% to $1,736.9 million, and diluted EPS fell to $8.74 from $9.77, as the company's 2024 results included a large Other Operating Income figure. The quarter included $58.8 million of pre-tax severance charges, and the filing gives no financial guidance for 2026.
Q4 2025 diluted EPS was $2.42, compared with $2.29 in Q3 2025 and $2.26 in Q4 2024.
Q4 2025 Noninterest Expense rose 9% year over year to $1,497.3 million, including $58.8 million of pre-tax severance-related charges.
Full-year 2025 net income was $1,736.9 million, down 14% from $2,031.1 million in 2024.
The company returned $521.6 million to common shareholders in Q4 2025 through dividends and share repurchases, and its quarterly common dividend was $0.80 per share.
Northern Trust reported third-quarter 2025 net income of $457.6 million, or $2.29 per diluted share, up from $2.13 in the second quarter and $2.22 a year earlier. Total revenue on a fully taxable equivalent basis rose 1% from the second quarter to $2,030.9 million, and the company raised its quarterly dividend to $0.80 per share from $0.75.
Diluted EPS was $2.29, versus $2.13 in Q2 2025 and $2.22 in Q3 2024; net income was $457.6 million, compared with $421.3 million in Q2 and $464.9 million a year earlier.
Total revenue (FTE) was $2,030.9 million, up 1% from Q2 2025 and up 3% from Q3 2024.
The quarterly cash dividend was increased to $0.80 per share from $0.75.
The company repurchased 2,164,198 shares for $277.0 million and returned $431.3 million to common shareholders in the quarter.
Northern Trust said Michael Hunstad will replace Daniel Gamba as President of Asset Management, effective immediately on September 3, 2025. Hunstad, who joined the firm in 2012, most recently served as Global Co-Chief Investment Officer and will report to CEO Michael O'Grady.
Michael Hunstad replaces Daniel Gamba as President of Northern Trust Asset Management (NTAM), effective immediately
Hunstad most recently served as Global Co-Chief Investment Officer and leads a global team of more than 300 professionals
Hunstad will join the Management Group and report to Chief Executive Officer Michael O'Grady
The filing does not state the reason for Gamba's departure
Northern Trust reported second-quarter 2025 net income of $421.3 million, or $2.13 per diluted share, up from $392.0 million and $1.90 in the first quarter. Compared with the second quarter of 2024, earnings fell sharply from $896.1 million, a period that included an $878.4 million net gain from the Visa Exchange Offer. The company also returned $485.6 million to common shareholders and said its board approved a $0.05 quarterly dividend increase.
Diluted EPS of $2.13 compared with $1.90 in Q1 2025 and $4.34 in Q2 2024.
Total revenue (FTE) of $2,002.6 million, up 3% from Q1 2025 and down 26% from Q2 2024.
Repurchased 3,374,980 shares for $339.4 million in the quarter; returned $485.6 million to common shareholders.
Board approved a $0.05, or 7%, increase to the quarterly dividend, according to CEO Michael O'Grady.
Northern Trust reported first-quarter 2025 net income of $392.0 million, or $1.90 per diluted share, up from $214.7 million and $0.96 in the first quarter of 2024 but down from $455.4 million and $2.26 in the fourth quarter of 2024. Fully taxable equivalent total revenue was $1,945.6 million, up 18% from a year earlier and down 1% from the prior quarter. The company returned $435.4 million to shareholders through dividends and share repurchases.
Net income $392.0 million vs. $214.7 million in Q1 2024 and $455.4 million in Q4 2024
Diluted EPS $1.90 vs. $0.96 in Q1 2024 and $2.26 in Q4 2024; return on average common equity 13.0%
Total revenue (FTE) $1,945.6 million, up 18% year over year; noninterest expense $1,417.6 million, up 4%
Returned $435.4 million to shareholders; repurchased 2,616,238 shares at a total cost of $287.2 million
Northern Trust reported fourth-quarter 2024 diluted earnings per share of $2.26, up from $2.22 in the third quarter and $0.52 in the fourth quarter of 2023. Net income was $455.4 million, slightly below the prior quarter but well above the prior-year quarter, and total revenue was flat sequentially and up 26% from a year earlier.
Q4 2024 net income of $455.4 million, down 2% from $464.9 million in Q3 2024 and up from $113.1 million in Q4 2023.
Total revenue (FTE) of $1,970.1 million, flat from Q3 2024 and up 26% from Q4 2023.
Trust, investment and other servicing fees of $1,222.2 million, up 2% sequentially and 12% from Q4 2023.
About $402.8 million returned to common shareholders through dividends and share repurchases, including 2,377,482 shares bought at an average of $106.70.
Northern Trust elected former PwC global chairman Robert Moritz, effective March 1, 2025, and former American Express executive Richard Petrino, effective January 22, 2025, as directors. Both will receive standard non-employee director compensation, including equity awards prorated for their start dates.
Richard Petrino joined the board effective January 22, 2025; Robert Moritz joins effective March 1, 2025.
Both were also elected directors of The Northern Trust Company, the principal subsidiary.
Committee assignments have not yet been determined.
Moritz was global chairman of PricewaterhouseCoopers; Petrino was chief operating officer of American Express National Bank.
Northern Trust reported third-quarter 2024 net income of $464.9 million, or $2.22 per diluted share, up from $327.8 million and $1.49 a year earlier but down from $896.1 million and $4.34 in the second quarter. Trust fees rose 8% and net interest income rose 21% from the prior-year quarter, while the sequential decline mainly reflects notable items recorded in the second quarter.
Net income of $464.9 million, or $2.22 per diluted share, versus $327.8 million and $1.49 in Q3 2023
Total revenue (FTE, non-GAAP) of $1,975.6 million, up 14% from Q3 2023 and down 27% from Q2 2024
Third quarter included a $68.1 million pre-tax gain on the sale of an equity investment
Returned more than $450 million to shareholders, including $301.4 million spent on 3,463,546 repurchased shares
Northern Trust announced a set of senior leadership changes, all effective October 1, 2024, including a newly created Chief Operating Officer role and a new Chief Financial Officer. The changes are framed by the company as part of its One Northern Trust strategy, and the filing discloses no financial results or guidance.
Peter B. Cherecwich moves from President of Asset Servicing to the newly created Chief Operating Officer role.
David W. Fox, Jr., currently President of Global Family & Private Investment Offices, becomes Chief Financial Officer; Jason J. Tyler moves from CFO to President of Wealth Management.
Teresa Parker, who had planned to retire, will defer retirement and serve as President of Asset Servicing; Steven L. Fradkin becomes Vice Chairman.
A successor to Fox as President of Global Family & Private Investment Offices will be named soon.
Northern Trust reported second-quarter 2024 net income of $896.1 million, or $4.34 per diluted share, up from $214.7 million in the first quarter and $331.8 million a year earlier. The results were driven mainly by a $878.4 million net gain from the Visa transaction, while $196.3 million of restructuring charges and other notable items partly offset it. Shareholders should note that the gain is one-time in nature and that trust fees, which rose 6% from the prior-year quarter, are the company's largest recurring revenue source.
Net income was $896.1 million, versus $214.7 million in Q1 2024 and $331.8 million in Q2 2023.
Diluted EPS was $4.34, compared with $0.96 in Q1 2024 and $1.56 in Q2 2023.
Visa-related net gain of $878.4 million; restructuring and other notable items totaled $196.3 million, including $85.2 million of severance-related charges and a $70.0 million charitable commitment to the Northern Trust Foundation.
Trust, investment and other servicing fees were $1,166.1 million, up 6% from Q2 2023. The company returned $405.1 million to common shareholders through dividends and buybacks.
Northern Trust Corporation elected Chandra Dhandapani as a director of the corporation and of its principal subsidiary, The Northern Trust Company, effective May 29, 2024. She previously was a senior advisor at CBRE Group and earlier held technology and operations roles at Capital One Financial, and she will receive prorated director equity awards through the 2025 Annual Meeting.
Board election effective May 29, 2024; also elected to The Northern Trust Company board
Committee assignments have not yet been determined by the board
Compensation includes prorated equity awards through the 2025 Annual Meeting of Stockholders, under the non-employee director plan
Previously served as CEO of CBRE's Global Workplace Solutions segment and spent 17 years at Capital One Financial
Northern Trust reported first-quarter 2024 net income of $214.7 million, or $0.96 per diluted share, down from $334.6 million and $1.51 per share in the first quarter of 2023, but up from $113.1 million and $0.52 in the fourth quarter of 2023. Results included a $189.4 million pre-tax loss on securities sold in a portfolio repositioning and a $12.5 million increase in the FDIC special assessment, while total revenue on a fully taxable equivalent basis was $1,654.1 million, down 6% from a year earlier. The company also declared $153.4 million in common dividends and repurchased shares at a total cost of $132.0 million during the quarter.
Diluted earnings per share were $0.96, compared with $1.51 in Q1 2023 and $0.52 in Q4 2023.
A $189.4 million pre-tax loss on available-for-sale debt securities sold in a portfolio repositioning reduced investment security results.
Trust, investment and other servicing fees rose 7% year over year to $1,142.9 million.
Assets under custody/administration were $16.5 trillion as of March 31, 2024.
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