Northern Trust reports $642.9 million Q3 profit and raises dividend

Northern Trust reported third-quarter 2026 net income of $642.9 million, or $3.40 per diluted share, up 40% from a year earlier but down from $792.2 million and $4.23 per share in the second quarter, which included a larger Visa-related gain. Revenue rose 13% year over year to $2.30 billion, while assets under custody or administration reached $19.9 trillion and assets under management reached $2.0 trillion as of September 30; results included $48.7 million of net favorable items from the sale of its guardianship services business and a Visa Exchange Offer. The company raised its quarterly common dividend to $0.88 per share, repurchased $352.3 million of stock, and issued fourth-quarter guidance for 8%-9% net interest income growth and 6%-7% total revenue growth versus the fourth quarter of 2025.