Every material Form 8-K Northern Trust filed with the SEC in 2025, 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 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.
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Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Northern Trust filing is on SEC EDGAR ↗. 8-K briefs of other companies →