A financial holding company that helps the world's biggest investors keep money safe, Northern Trust provides custody, fund administration, and asset management to institutions plus wealth management for wealthy families. Founded in Chicago in 1889 by banker Byron Laflin Smith, it began in a single room in the Rookery Building after friends kept asking him for estate-planning help. The name was chosen to signal discipline, reliability, and stability.
Northern Trust to redeem all Series D Preferred Stock and depositary shares on October 1, 2026
On August 3, 2026, Northern Trust Corporation announced the redemption of all 5,000 outstanding shares of its Series D Non-Cumulative Perpetual Preferred Stock, each with a $100,000 liquidation preference.
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The corresponding 500,000 depositary shares (CUSIP 665859 AQ7), each representing 1/100th interest in a share of Series D Preferred Stock, will also be redeemed.
The redemption price is $1,000.00 per depositary share, payable on October 1, 2026, and does not include the previously declared regular quarterly dividend of $23.00 per depositary share.
The quarterly dividend will be paid on the redemption date to holders of record as of 5:00 p.m. Chicago time on September 15, 2026.
After the redemption date, the Series D Preferred Stock will no longer be outstanding and no further dividends will be declared or paid on it.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Northern Trust Q2 2026 net income $792.2M, EPS $4.23, up from $2.71 prior quarter
Q2 2026 net income was $792.2 million, compared to $525.5 million in Q1 2026 and $421.3 million in Q2 2025.
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Diluted EPS was $4.23, versus $2.71 in Q1 2026 and $2.13 in Q2 2025.
Total revenue (FTE) was $2,705.6 million, up 22% sequentially and 35% year-over-year.
Notable items included a $525.4 million pre-tax gain from the second Visa Exchange Offer and a $73.9 million pre-tax loss on sale of AFS debt securities.
Board approved a 10% increase to the quarterly dividend, raising it by $0.08 per share.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Northern Trust to present at Bank of America Securities 2026 Financial Services Conference on Feb 10, 2026
Northern Trust Corporation announced that CFO David W. Fox, Jr. and Michael Hunstad, President of Asset Management, will speak at the Bank of America Securities 2026 Financial Services Conference in Miami Beach on February 10, 2026 at approximately 12:10 p.m. ET.
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The presentation slides are furnished as Exhibit 99.1 and the audio webcast will be available live and for replay for 30 days on Northern Trust's Investor Relations website.
The slides highlight Northern Trust Asset Management's $1.4 trillion in assets under management as of December 31, 2025, with 63% in index and 37% in active strategies.
Key growth priorities include ETFs, alternatives, and custom SMAs, with 11 new ETFs launched in 2025 and over $5 billion in net flows in the Tax-Advantaged Equity suite.
The information is furnished under Item 7.01 Regulation FD Disclosure and is not deemed filed for SEC purposes.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Northern Trust issues $1.25B in senior and subordinated notes
On November 19, 2025, Northern Trust Corporation issued $500 million of 4.150% Senior Notes due 2030 and $750 million of 5.117% Fixed-to-Fixed Rate Subordinated Notes due 2040.
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The notes were sold under an underwriting agreement dated November 12, 2025, with BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, and Siebert Williams Shank as representatives.
The Senior Notes mature November 19, 2030, pay interest semi-annually at 4.150%, and are not redeemable before maturity.
The Subordinated Notes mature November 19, 2040, pay 5.117% until November 19, 2035, then reset to the Five-Year U.S. Treasury Rate plus 105 basis points, and are redeemable only on the reset date.
The offering was made under a Form S-3 shelf registration statement filed October 22, 2025, and a prospectus supplement dated November 12, 2025.
8.01 Other Events · 9.01 Financial Statements and Exhibits