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Northern Trust Company, The

Chicago, IL · Cert 913 · Northern Trust Corp.

State charter, Fed member · FED · 58 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

20

Q2 2024Q2 2026peer median (50)

Asset Quality

92

Q2 2024Q2 2026peer median (50)

Profitability

55

Q2 2024Q2 2026peer median (50)

Liquidity

63

Q2 2024Q2 2026peer median

Efficiency

10

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Northern Trust Company, The

Chicago, IL · Cert 913 · Northern Trust Corp.

State charter, Fed member · FED · 58 branches

Q2 2026

$178.6BAssets
$43.8BLoans
$57.0BDeposits
$11.9BEquity
Loan mix
74%RE $12.2B23%C&I $3.9B2%Consumer $0.4BQ3 2024Q2 2026
Deposit mix
72%Interest-bearing $41.1B28%Noninterest $15.9BQ3 2024Q2 2026

Market Position · Chicago-Naperville-Elgin, IL-IN · 2026 SOD (annual) · 6.5% share · #5 of 147 inst. · $41.3B of $630.7B

9.0% Cook
1.5% Miami-Dade
5.4% Lake
0.4% Los Angeles

Executive Summary

  • Earnings: ROA of 1.47%, up 50 bps year over year; NIM at 1.64%.
  • Asset quality: problem loans at 0.23% of loans (-7 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 6.84%, up 27 bps from a year ago.
  • Funding: loans stand at 76.95% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.47%+50 bps YoY

Net Interest Margin (YTD, annualized)

1.64%+16 bps YoY

Efficiency Ratio (YTD, annualized)

70.32%-152 bps YoY

Tier 1 Leverage Ratio

6.84%+27 bps YoY

NIM

6.70%Q2 ’245.53%Q2 ’255.42%Q2 ’26+4%+11%

Non-interest income vs. expense

3.84%Q2 ’243.52%Q2 ’253.76%Q2 ’26-71%-54%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.34%1.29%0.92%0.97%1.00%1.02%1.16%1.47%+50 bps
Return on Equity17.85%17.46%13.49%14.49%14.99%15.34%17.76%22.34%+785 bps
Net Interest Margin1.48%1.49%1.45%1.48%1.55%1.55%1.59%1.64%+16 bps
Efficiency Ratio75.58%74.19%73.75%71.84%71.20%70.92%67.97%70.32%-152 bps
Non-Interest Burden0.27%0.19%0.14%0.11%0.07%0.06%-0.09%0.05%-6 bps
Growth
Asset Growth (YoY)6.45%3.13%5.74%9.63%9.25%13.84%5.68%4.24%-539 bps
Loan Growth (YoY)-3.73%-8.88%-13.75%2.82%2.38%-3.32%4.10%1.15%-167 bps
Deposit Growth (YoY)6.88%9.40%-0.57%6.98%13.56%8.19%7.79%10.54%+356 bps
Asset Quality
Nonperforming Loans / Loans0.30%0.32%0.39%0.30%0.22%0.24%0.23%0.23%-7 bps
Net Charge-Offs / Loans0.02%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio7.26%6.87%6.84%6.57%6.97%6.89%6.51%6.84%+27 bps
Total Risk-Based Capital13.98%12.81%13.41%12.75%13.13%14.29%13.75%13.90%+115 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits93.49%89.20%83.43%84.09%84.29%79.70%80.57%76.95%-714 bps
Liquid Assets / Assets7.78%7.69%7.15%6.77%6.85%6.55%6.54%6.22%-54 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Northern Trust Company, The

Chicago, IL · Cert 913 · Peer group: banks over $10B in assets (n=142-144) · Northern Trust Corp.

State charter, Fed member · FED · 58 branches

Q2 2026

$178.6BAssets
$43.8BLoans
$57.0BDeposits
$11.9BEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 94% of banks over $10B in assets (rank 9 of 142).
  • Widest gap: equity / assets trails 97% of banks over $10B in assets (rank 140 of 144).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.46%

Rank 43 of 144

Net Interest Margin

1.64%

Rank 139 of 144

Efficiency Ratio

70.32%

Rank 130 of 144

Equity / Assets

6.69%

Rank 140 of 144

Non-interest income vs. expense

$6.1B$6.1BINCOMEEXPENSE
Unfavorable gap of $0.1B · efficiency ratio beats 10% of banks over $10B in assets
Bank 70.32%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.46%1.00%1.26%1.54%Beats 70%43 / 144
Return on Equity21.76%8.98%11.34%14.40%Beats 92%11 / 144
Net Interest Margin1.64%2.82%3.31%3.68%Beats 3%139 / 144
Efficiency Ratio70.32%49.42%56.02%62.41%Beats 10%130 / 144
Asset Quality
Nonperforming Loans / Loans0.23%0.48%0.73%1.07%Beats 89%16 / 142
Net Charge-Offs / Loans0.00%0.05%0.11%0.22%Beats 94%9 / 142
Capital
Tier 1 Capital Ratio11.83%12.07%12.98%14.92%Beats 18%118 / 144
Total Risk-Based Capital Ratio13.90%13.39%14.14%16.25%Beats 40%87 / 144
Equity / Assets6.69%9.69%11.39%12.96%Beats 3%140 / 144
Liquidity & Funding
Loans / Deposits76.95%75.72%84.92%91.56%28th pctl103 / 143
Loans / Assets24.54%59.83%69.07%74.80%3rd pctl139 / 144
Brokered Deposits / Depositsn/aNot reported for this institution