Third-Quarter 2025 Net Income Dips At Northern Trust

Editorial Staff

23 October 2025

Chicago-headquartered Northern Trust yesterday reported net income of $457.6 million for the three months to end-September, down by 2 per cent on a year earlier.

Noninterest costs rose by 5 per cent to $1.423 billion; total revenues rose 3 per cent to $2.03 billion, the bank said.

Wealth management AuM stood at $492.6 billion in the third quarter of 2025, a rise of 11 per cent on a year before; total AuM was $1.77 trillion, rising 9 per cent. Total assets under custody rose 5 per cent to $14.43 trillion.

“Northern Trust delivered strong third quarter results with solid revenue growth across trust fees, capital markets and net interest income. ROE was at the high end of our target range, while lending and balance sheet measures remained sound,” Michael O’Grady, chairman and CEO, said. “Continued expense discipline contributed to meaningful pre-tax margin expansion, double-digit EPS growth and our fifth consecutive quarter of positive operating leverage and year-over-year improvement in our expense-to-trust fee ratio, excluding notables.”

Shares in Northern Trust have risen 21.8 per cent since the start of January. Over the past five trading days, they have dropped 3.4 per cent.