The company presented GAAP revenue of $8,086.4 (2%), pre-tax income of $2,339.5 (12%) and diluted earnings per share of $8.74 (11%) for 2025, with changes from 2024. Amounts are in millions of dollars.

1. 01

   The company presented GAAP revenue of $8,086.4 (2%), pre-tax income of $2,339.5 (12%) and diluted earnings per share of $8.74 (11%) for 2025, with changes from 2024. Amounts are in millions of dollars.

2. 02

   Northern Trust said that excluding notable items, revenue for 2025 was +7%, pre-tax income was +13% and diluted earnings per share was +17% versus 2024. It said the notable items for 2024 included a net gain of $878.4 ($ in millions) related to participation in the Visa, Inc. exchange offer.

3. 03

   The company reported standardized approach Common Equity Tier 1 of 12.6%, Total Capital of 16.1% and Tier 1 Leverage of 7.8% as of December 31, 2025. The related minimum requirements were 4.5%, 8.0% and 4.0%, respectively.

4. 04

   Northern Trust said total capital return was $1,874 million and the payout ratio was 111% as of December 31, 2025. Its medium-term financial targets were a pre-tax margin of 33% (previously above 30%), return on equity in the mid-teens (previously 13 to 15%), and an expense to trust fee ratio of 105 to 110% (unchanged).

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.