Northern Trust Q2 Earnings Surge 98% on Visa Gain, Dividend Hiked 10%
NTRS sits 54% above its 52-week low of $118.99.
Summary
Northern Trust reported Q2 EPS of $4.23, up 98% YoY, boosted by a $525M Visa gain. Underlying revenue grew 13%, the dividend was raised 10%, and $350M in stock was repurchased.
Key Events · Earnings and Guidance · NTRS
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Q2 EPS Nearly Doubles to $4.23
Net income reached $792.2M, an 88% increase year-over-year, translating to diluted EPS of $4.23 compared with $2.13 a year ago. Excluding notable items, EPS still rose 40%.
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$525M Visa Exchange Offer Gain
A $525.4M pre-tax gain from participating in the second Visa exchange offer lifted other operating income, though it was partially offset by a $73.9M loss on the repositioning of AFS securities.
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Revenue Growth Broad-Based
Total revenue (FTE) jumped 35% year-over-year to $2.7B. Trust fees grew 10%, net interest income rose 11%, and foreign exchange trading income nearly doubled on higher client activity.
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Dividend Raised 10%, $350M in Buybacks
The board approved a $0.08 increase in the quarterly dividend to $0.80 per share. During Q2, 2.1M shares were repurchased for $350.6M, bringing total capital return to over $1B in the first half of 2026.
Analysis · NTRS · Finance
A blowout quarter saw EPS nearly double year-over-year to $4.23, fueled by a $525 million gain from the Visa exchange offer and robust growth in underlying fee and net interest income. Even stripping out notable items, EPS climbed 40%. The board approved a 10% dividend increase, and $350 million in stock repurchases pushed total first-half shareholder returns above $1 billion. The results highlight broad-based momentum across asset servicing and wealth management, with record client assets and an eighth consecutive quarter of organic fee growth.
At the time of this filing, NTRS was trading at $182.77 on NASDAQ in the Finance sector, with a market capitalization of approximately $34.2B. The 52-week trading range was $118.99 to $191.60. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.