Northern Trust Corporation reported net income of $642.9 million for the third quarter of 2026, a decrease from $792.2 million in the prior quarter and $457.6 million in the same period last year. Earnings per diluted common share were $3.40, compared to $4.23 in the second quarter of 2026 and $2.29 in the third quarter of 2025.
Third quarter results included several notable items. The company recorded a $48.7 million pre-tax impact to Other Noninterest Income, which resulted in an after-tax impact of $36.8 million. Additionally, Northern Trust recognized a $34.0 million pre-tax gain on the sale of its guardianship services business, recorded in Other Operating Income, and an $14.7 million pre-tax incremental gain related to its participation in the second Visa Exchange Offer, also recorded in Other Operating Income.
Trust, investment, and other servicing fees totaled $1,373.0 million, a 2% increase from the prior quarter and an 8% increase from the prior year. Total assets under custody and administration were $19.9 billion as of September 30, 2026, while assets under management were $1.96 billion.
Asset Servicing income before income taxes was $405.2 million, while Wealth Management income before income taxes was $391.6 million. The company’s return on average common equity was 20.1% for the third quarter of 2026.
