The wealth management side of the bank's results showed a broadly positive set of figures for the first quarter of 2026.

Northern Trust, the Chicago-headquartered banking group, has reported a 34 per cent year-over-year rise in net income for the first quarter of 2026, reaching $525.5 million, and done so on the back of a 14 per cent rise in total revenue, at $2.213 billion. 

Noninterest costs rose 6 per cent to $1.508 billion. 

Trust, investment and other servicing fees rose 11 per cent to $1.341 billion in Q1; other noninterest income rose 33 per cent to $210 million and net interest income rose 15 per cent to $661.6 million, it said in a statement.

Return on common equity rose to 17.4 per cent from 13 per cent a year before.

Wealth management assets under management rose 11 per cent to stand at $1.287 trillion at the end of March; total assets under management also rose 11 per cent to $1.784 trillion. Assets under custody stood at $14.8 trillion.

Within the wealth management business, total wealth management trust, investment and other servicing fees rose 11 per cent to $1.34 billion; in the global family office arm, they also rose 11 per cent, to $114.9 million. This business was boosted by favorable markets and client inflows.