NTRS at a glance
Northern Trust (NTRS, SEC CIK 73124) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on September 29, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Northern Trust (NTRS) reported revenue of $5.0 billion (up 6.1% from FY2024) and net income of $1.7 billion. Diluted EPS was $8.74.
- As of June 30, 2026, 42 institutional investment managers tracked by SignalX reported holding Northern Trust (NTRS) shares worth $13.8 billion in 13F-HR filings.
- In the last 90 days, NTRS insiders reported 1 open-market purchase ($46K) and 1 open-market sale ($333K) on Form 4, a net sale of $287K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $5.0B
- +6.1% vs prior year
- Insiders · 90 days
- 1 buy · 1 sell
- Net −$287K
- 13F holders
- 42 funds
- $13.8B · +0 vs prior quarter
- Latest 8-K
- Sep 29, 2026
- Item 5.02 · Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Non-US revenue 30% of total; sanctions/geopolitical restrictions (e.g., Russia) causing accumulating trapped cash with subcustodians, growing over time
- Evolving AI/digital asset regulation: GENIUS Act 2025 and potential CLARITY Act create uncertain compliance obligations for product/service offerings
- Heavy IT dependency on third-party vendors for core data processing; vendor failure or breach has caused and could again disrupt client service delivery
- Generative AI adoption by competitors and nontraditional FinTech providers with fewer regulatory constraints threatens pricing power and client retention
- Fee revenue majority tied to AUM market values; equity/debt market downturns historically compress earnings with no offsetting loan-income buffer
Management Discussion & Analysis
- Total revenue $8,086.4M in 2025, down from $8,290.4M in 2024 (-2.5%); Trust/Investment fees best growth at $5,017.8M vs $4,727.8M (+6.1%)
- Net income $1,736.9M vs $2,031.1M in 2024; operating margin ~28.9% vs ~32.1% (income before taxes / total revenue)
- Net Interest Income $2,411.0M vs $2,177.1M (+10.8%); NIM 1.70% vs 1.62%; 2024 inflated by $1,157.4M one-time Other Operating Income
- Capital returns: buybacks $1,273.5M (vs $937.8M in 2024), common dividends $600.5M ($3.10/share), capex (software + equipment) ~$774.2M
- Key risk: non-interest income decline driven by absence of 2024 one-time items; rising compensation/tech costs ($1,169.9M equipment/software, up 8.8%)
Business Overview
- Section 'business' was empty or not found.
AI summary of the NTRS 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- No material changes identified; 2025 Form 10-K remains the reference for significant Northern Trust risks
- Regulatory risk: Repurchases remain subject to applicable regulation and corporate requirements
- Liquidity risk: Share buybacks compete with other corporate liquidity requirements and priorities
- Market risk: Repurchase timing and volume depend on market conditions and share price
- Capital allocation risk: $2.5 billion authorization has no expiration date and may be modified, suspended, or discontinued
AI summary of the NTRS 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- CFO David W. Fox, Jr. plans retirement effective on or around March 31, 2027
- Northern Trust beginning search for successor CFO ahead of transition
Item 7.01: Regulation FD Disclosure
- Press release dated September 29, 2026 covering events described elsewhere in the filing
- Exhibit 99.1 contains the substantive Regulation FD disclosure for investor review
Item 8.01: Other Events
- Redemption of all Series D Preferred Stock and related depositary shares scheduled for October 1, 2026
- Capital structure simplification through retirement of Series D preferred securities
Item EX-99.1: Item EX-99.1
- Redemption of all 500,000 Series D depositary shares scheduled for October 1, 2026
- $1,000 redemption price per depositary share, implying $500 million total preferred redemption
Item 7.01: Regulation FD Disclosure
- July 22, 2026 conference call and webcast covering three- and six-month results ended June 30, 2026
- Presentation Materials and Financial Trends released as Exhibits 99.2 and 99.3
Item 2.02: Results of Operations and Financial Condition
- Q2 and first-half 2026 earnings reported for periods ended June 30, 2026
- July 22, 2026 press release contains the financial results and investor-relevant details
Item EX-99.1: Item EX-99.1
- Q2 net income $792.2M and diluted EPS $4.23, up 88% and 98% YoY respectively
- Results benefited from $396.4M after-tax Visa exchange-offer gain, making headline earnings unusually elevated
AI summaries of NTRS 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for NTRS
Don't miss the next NTRS filing
- Alerts as it files. A push when NTRS files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut NTRS, by share count.
- Ask anything. An AI agent that reads every NTRS filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Tribbett Charles A | A | Oct 1, 2026 | 80.16 | $169.20 |
| CROWN SUSAN | A | Oct 1, 2026 | 86.88 | $169.20 |
| Klevorn Marcy S | A | Oct 1, 2026 | 65.38 | $169.20 |
| Petrino Richard | A | Oct 1, 2026 | 6.19 | $169.20 |
| SLARK MARTIN P | A | Oct 1, 2026 | 70.65 | $169.20 |
| Harrison Dean M | A | Oct 1, 2026 | 151.57 | $169.20 |
| Mehta Siddharth N | A | Oct 1, 2026 | 30.82 | $169.20 |
| Thompson Donald | A | Oct 1, 2026 | 145.34 | $169.20 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $4.4B | $4.7B | $5.0B |
| Net Income | $1.1B | $2.0B | $1.7B |
| Net Margin | 25.4% | 43.0% | 34.6% |
| Balance Sheet | |||
| Total Assets | - | $155.5B | $177.1B |
| Equity | $11.9B | $12.8B | $13.0B |
| ROE | 9.3% | 15.9% | 13.4% |
| Per Share | |||
| EPS | $5.08 | $9.77 | $8.74 |
| Cash Flow | |||
| Operating CF | $2.6B | -$486.0M | $5.5B |
| CapEx | $116.5M | $101.5M | $74.0M |
Source: XBRL data in Northern Trust (NTRS)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate NTRS share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 42 | $13.79B |
| Q1 2026 | 42 | $11.23B |
| Q4 2025 | 37 | $11.54B |
| Q3 2025 | 38 | $12.32B |
| Q2 2025 | 35 | $11.50B |
| Q1 2025 | 33 | $7.46B |
| Q4 2024 | 30 | $6.67B |
| Q3 2024 | 27 | $2.16B |
- AQR Capital Management+453.0K (+18%)
- Prudential Financial+221.7K (+35%)
- Renaissance Technologies LLC+179.8K (+1090%)
- Morgan Stanley+151.0K (+6%)
- BlackRock+148.0K (+1%)
- FMR LLC (Fidelity)−2.13M (-20%)
- Northern Trust−322.2K (-5%)
- Invesco Ltd−240.5K (-7%)
- Millennium Management−219.5K (-71%)
- Principal Financial Group−19.0K (-8%)
- Two Sigma Investments−67.8K
Source: 13F-HR filings on SEC EDGAR (aggregated from 284 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
NTRS filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 8-K | Sep 29, 2026 | - | Analysis | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Aug 25, 2026 | - | - | - |
| 13F-HR | Aug 13, 2026 | Jun 30, 2026 | - | |
| 4 | Aug 4, 2026 | - | - | - |
| 8-K | Aug 3, 2026 | - | Analysis | - |
| 4 | Jul 30, 2026 | - | - | - |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 22, 2026 | - | Analysis | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | May 26, 2026 | - | - |
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NTRS SEC filings: frequently asked questions
Are NTRS insiders buying or selling?
In the last 90 days, Northern Trust (NTRS) officers, directors and 10% owners reported 1 open-market purchase worth $45,790 by 1 insider and 1 open-market sale worth $332,820 by 1 insider on Form 4, a net sale of $287,030. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold NTRS stock?
As of June 30, 2026, the largest Northern Trust (NTRS) holders among the 13F filers tracked by SignalX were BlackRock ($2.5 billion), Vanguard Capital Management LLC ($2.0 billion), State Street Corp ($1.6 billion), FMR LLC (Fidelity) ($1.5 billion), Vanguard Portfolio Management LLC ($1.5 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was NTRS's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Northern Trust (NTRS) reported revenue of $5.0 billion (up 6.1% from FY2024) and net income of $1.7 billion. Diluted EPS was $8.74. The figures come from the XBRL data in the 10-K.
What are the main risks in NTRS's latest 10-K?
In the 10-K filed February 24, 2026, Northern Trust (NTRS) flagged: Non-US revenue 30% of total; sanctions/geopolitical restrictions (e.g., Russia) causing accumulating trapped cash with subcustodians, growing over time. Evolving AI/digital asset regulation: GENIUS Act 2025 and potential CLARITY Act create uncertain compliance obligations for product/service offerings. (AI summary of the Risk Factors section.)
What did NTRS report in its latest 8-K?
Northern Trust (NTRS) filed an 8-K on September 29, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers) and Item 7.01 (Regulation FD Disclosure). CFO David W. Fox, Jr. plans retirement effective on or around March 31, 2027.
What are the latest NTRS SEC filings?
Northern Trust (NTRS) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on September 29, 2026 and a Form 4 insider filing on October 2, 2026.
What is NTRS's SEC CIK number?
Northern Trust (NTRS)'s SEC Central Index Key (CIK) is 73124. EDGAR lists every NTRS filing under that number.
Ask anything about NTRS
The research agent reads NTRS's filings, financials, insider trades and 13F holders, then answers with sources.