Northern Trust Corporation (Nasdaq: NTRS) has announced a new common stock repurchase authorization, replacing the previous authorization approved on October 19, 2021. The new authorization allows for the repurchase of up to $2.5 billion of the Corporation's outstanding shares of common stock from time to time, with no expiration date.
As of the date of the new authorization, there were approximately 4.8 million shares of remaining repurchase capacity from the previous authorization, after taking into account 572,709 shares repurchased between July 1, 2025, and the date of the new authorization.
The Corporation expects to acquire shares of common stock through various means, including open market transactions, block trades, privately negotiated transactions, and pursuant to any trading plan adopted by the Corporation's management in accordance with federal securities laws. The timing and actual number of shares repurchased will depend on factors such as price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities.
As of June 30, 2025, Northern Trust had assets under custody/administration of US$18.1 trillion and assets under management of US$1.7 trillion. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states, Washington, D.C., and across 22 locations in Canada, Europe, the Middle East, and the Asia-Pacific region.
The Corporation has maintained its position as an industry leader for over 135 years, offering wealth management, asset servicing, asset management, and banking services to corporations, institutions, affluent families, and individuals. Today the company's shares have moved -0.19% to a price of $129.78. For more information, read the company's full 8-K submission here.
