Northern Trust’s net income for the third quarter of 2026 was $642.9 million, a 40% increase from the $457.6 million recorded in the same period in 2025.
Diluted earnings per share rose to $3.40, up from $2.29 a year prior, according to a company statement.
Total revenues increased 13% year-on-year to $2.3 billion, with wealth management trust, investment, and other servicing fees rising 9% to $611.5 million.
Global Family Office fees led this division, climbing 16% to $117.2 million, while private wealth fees increased 8% to $494.3 million.
Assets under management expanded 11% to $1.963 trillion over the 12-month period, and assets under custody grew 9% to $15.8 trillion.
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The company’s capital position remained stable, with its Common Equity Tier 1 ratio matching the prior-year level of 12.4% on a standardized basis.
Northern Trust chairman and CEO Michael O’Grady said the company delivered strong third-quarter results, demonstrating continued progress against its strategy.
Michael O’Grady noted that all three businesses delivered organic trust-fee growth, reflecting strong execution across the company, and that the diversified business model positions the company to perform across a range of environments.
Recently, UBS reached an agreement to extend its fund administration relationship with Northern Trust, which will expand Northern Trust’s existing administration mandate with UBS’s Swiss and Luxembourg Management Companies.