Northern Trust Corporation (NTRS) Earnings Call Transcripts

Northern Trust Corporation's Latest Earnings Call - September 14, 2026

Northern Trust Corporation (NTRS:US) reported a solid performance in the third quarter of 2026, with management maintaining a positive outlook on net interest income (NII) and fee income growth. Revenue guidance was raised to 9%-10% year-over-year, up from mid-single digits, reflecting strong demand in wealth management and institutional deposits. Earnings per share (EPS) figures were not disclosed, but management indicated confidence in maintaining robust margins despite competitive pressures.

Reported metrics

Guidance from management

Management maintained a positive outlook for revenue and NII growth at 9%-10% year-over-year, indicating confidence in sustaining this growth into 2027.

What management said

Before we dig in, I'll let Dave should kick off and do the corporate side. I'll just say it was really funny. 2 years ago, we were here, and we did meetings all day, and we had the press release lined up to be distributed as we came off stage. And the timing was really funny because if we had started this right after the market closed, then I think it was 20 minutes. We could have -- we actually were thinking about a...

Yes. So it's interesting. We do these conferences and we reported earnings not that long ago. So not that much has really changed in terms of the outlook. and S&P has barely moved. And the outlook has, kind of, tracked exactly where we thought it would track. And our jumping off point was artificially high at $128 million, I think $1 billion was the average. And so we expect a seasonal downturn during this quarter, a...

What analysts pressed on

Analysts expressed concerns regarding the normalization of FX trading and client activity following a strong second quarter. There were also questions about the sustainability of fee income growth amidst market volatility.

Main topics on the call

• Revenue Growth Outlook — Management raised the revenue growth outlook to 9%-10% year-over-year, up from mid-single digits previously. CFO David Fox stated, "We think about organic growth... it's continuing to build on itself," indicating confide...
• Net Interest Income (NII) Guidance — NII guidance was increased to 9%-10% year-over-year, reflecting a stable interest rate environment. Fox noted, "Every 25 basis point increase in the U.S. translates into about $3 million to $4 million a quarter of NII be...
• Fee Income Dynamics — Management highlighted a strong advisory fee growth, with fee income outlook also raised to 9%-10% year-over-year. Fox emphasized the importance of total revenue, stating, "Operating leverage is our North Star," indicati...
• Talent Acquisition Strategy — Northern Trust is aggressively hiring to combat competitive pressures in the talent market. Tyler mentioned, "It's a talent battle... we have to play defense really well," reflecting the firm's commitment to retaining an...

Read the full Northern Trust Corporation transcript (September 14, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 56 Northern Trust Corporation earnings call transcripts on record, spanning January 22, 2020 to September 14, 2026. Based on this history, Northern Trust Corporation reports quarterly. The most recent call on file is dated September 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NTRS

Exchange

NasdaqGS

Country

US

Sector

Financials

Industry

Capital Markets

Calls on record

56

First call

January 22, 2020

Most recent

September 14, 2026

Reporting cadence

quarterly