Northern Trust Corporation has reported a second-quarter net income per diluted common share of $2.13, compared to $1.90 in the first quarter of 2025 and $4.34 in the second quarter of 2024. Net income was $421.3 million, compared to $392.0 million in the prior quarter and $896.1 million in the prior year quarter.
The company's trust, investment, and other servicing fees increased to $1,231.1 million in the second quarter of 2025, compared to $1,213.8 million in the prior quarter and $1,166.1 million in the second quarter of 2024. This represents a 1% increase from the prior quarter and a 6% increase from the prior year quarter.
Net interest income (fte*) increased to $615.2 million in the second quarter of 2025, compared to $573.7 million in the prior quarter and $529.8 million in the second quarter of 2024. This represents a 7% increase from the prior quarter and a 16% increase from the prior year quarter.
The provision for credit losses also saw a significant change, increasing to $16.5 million in the second quarter of 2025 from $1.0 million in the prior quarter and $8.0 million in the second quarter of 2024.
The corporation returned $485.6 million to common shareholders in the current quarter through dividends and the repurchase of shares, reflecting its commitment to delivering value to its shareholders.
Assets under custody/administration and assets under management also showed positive growth, with both metrics increasing by 7% compared to the prior quarter and 9% compared to the prior year quarter.
Northern Trust Corporation's second-quarter results demonstrate a positive trend in various key metrics, including income, fees, and assets under management, indicating a strong performance during the period under review. The market has reacted to these announcements by moving the company's shares -2.4% to a price of $123.495. For more information, read the company's full 8-K submission here.
