NTRS Northern Trust (NTRS) Q2 FY26 earnings call
Northern Trust reported a strong Q2 FY26, marked by robust organic fee growth and significant operating leverage, driven by diversified business performance and a constructive market. The firm strategically monetized a Visa stake, offsetting it with portfolio repositioning and restructuring charges, while also increasing its dividend. Management remains focused on strategic investments and disciplined expense management, anticipating continued solid performance despite some expected normalization in certain revenue streams and deposit levels.
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NTRS operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Assets under management (AUM) Wealth Management | $447BAssets under management for our Wealth Management clients were $447 billion at quarter end, up 6% year-over-year.Source: earnings call transcript | $507BAssets under management for our Wealth Management clients were $507 billion at quarter end, up 13% year-over-year.Source: earnings call transcript | $498BAssets under management for our wealth management clients were $498 billion at quarter end, down 2% sequentially but up 11% year-over-year.Source: earnings call transcript | $534BAssets under management for our Wealth Management clients were $534 billion at quarter end, up 7% sequentially and 14% year-over-year.Source: earnings call transcript | $536BAssets under management for our wealth management clients were $536 billion at quarter end, up 9% year-over-year.Source: earnings call transcript | +0.4% |
| Common equity tier 1 ratio (CET1) | 12.9%Our common equity Tier 1 ratio under the standardized approach increased by 50 basis points on a linked-quarter basis to 12.9%, driven by capital accretion and a decline in RWA.Source: earnings call transcript | 12.6%Our common equity Tier 1 ratio under the standardized approach increased by 20 basis points on a linked-quarter basis to 12.6% driven by capital accretion and a decrease in RWA.Source: earnings call transcript | 12%Our common equity Tier 1 ratio on the standardized approach decreased by 60 basis points on a linked-quarter basis to 12% driven by an increase in RWA related to elevated capital markets activities.Source: earnings call transcript | 12.2%Our common equity Tier 1 ratio under the standardized approach was 12.2%, up 20 basis points from the prior quarter.Source: earnings call transcript | 12.4%Our common equity Tier 1 ratio under the standardized approach was 12.4%, up 20 basis points from the prior quarter.Source: earnings call transcript | +0.2 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.