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Letter portraitLegal landscapeQuarterYTD

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 1.79%, up 78 bps year over year; NIM at 1.66%.
  • 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 (quarter, annualized)

1.79%+78 bps YoY

Net Interest Margin (quarter, annualized)

1.66%+8 bps YoY

Efficiency Ratio (quarter, annualized)

72.63%+262 bps YoY

Tier 1 Leverage Ratio

6.84%+27 bps YoY

NIM

6.78%Q2 ’245.62%Q2 ’255.37%Q2 ’26+12%+5%

Non-interest income vs. expense

4.07%Q2 ’243.52%Q2 ’253.92%Q2 ’26-87%+131%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.08%1.15%0.92%1.02%1.05%1.07%1.16%1.79%+78 bps
Return on Equity14.51%16.03%13.49%15.45%15.98%16.36%17.76%26.91%+1,145 bps
Net Interest Margin1.58%1.51%1.45%1.58%1.55%1.66%1.59%1.66%+8 bps
Efficiency Ratio70.36%70.19%73.75%70.01%69.97%70.12%67.97%72.63%+262 bps
Non-Interest Burden0.06%-0.03%0.14%0.08%-0.02%0.05%-0.09%0.19%+11 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 / Loans-0.02%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