Northern Trust Q3 2026: $3.40 EPS beats the $2.91 consensus
Northern Trust beat the $2.91 consensus EPS estimate with $3.40 in diluted earnings, helped by $48.7 million of pre-tax one-off gains. Strip those out and the quarter still shows fee growth, expense control and a 20.1% return on common equity. Read the revenue line carefully: total revenue was $2.29 billion, not the $1.37 billion trust-fee subtotal.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $3.40 came in $0.49 above the $2.91 consensus estimate and 48.5% above last year's $2.29. The quarter included $36.8 million of after-tax notable gains, roughly $0.20 per share, so the beat was not purely one-off. Net income of $642.9 million was nevertheless down 18.8% from the prior quarter, which carried a $525.4 million Visa-related gain.
Total revenue was $2.29 billion, up 13.3% from $2.03 billion a year earlier. The structured data field showed $1.37 billion because it captured only trust, investment and other servicing fees, which rose 8.5%. Net interest income added $679.1 million on an FTE basis, up 13.9%, while other noninterest income jumped 47.8% to $250.0 million on the two one-off gains.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.