Northern Trust $NTRS Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up NORTHERN TRUST CORP ($NTRS). Last filing: 8-K (8.01 Other Events), 2026-08-03. 9 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $8.1B (FY2025). Experience: revenue down 2.5% on the year, up 5.8% a year over 4 years. Soundness: equity 7.3% of assets, return on equity 13.4%, payout 34.1% of profit, dividend per share up 1 year running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $7.0B and $9.2B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $6.3B to $10.2B. A statistical range, not company guidance. Against peers (31 filers, $50M+ revenue, state commercial banks): growth -2.5% against 7.5%.
Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $5.5B · −$20.2B · $15.2B · $5.5B |
| Investment book (cash · short · long) | $5.9B · $7.9B · $26.2B · unrealized −$66M |
| Revenue swing · equity of assets | 10.2% · 7.3% |
Northern Trust is growing faster than its size class, with revenue that swings more. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $8.1B |
| Revenue, on the year | −2.5% |
| Revenue, a year over the record | 5.8% |
| Operating margin | — |
| Operating margin, prior year | — |
| Net margin | 21.5% |
| Research and development | not filed separately |
| Total debt | — |
| Equity of assets | 7.3% |
| Return on equity | 13.4% |
| Payout of profit | 34.1% |
| Dividend per share | $3.1 · up 1 year running |
| Earnings per share | $8.78 |
| Book value per share | $67.40 |
| Revenue per share | $42.06 |
| Shares outstanding | 192,246,525 |
| Audited years read | 5 |
Peers: the median of 31 filers with $50M+ revenue in state commercial banks.
Health HarborNorthern Trust sails as: New ship
Health watch · 12 monthsquiet · none of the watched events filed
Sailing speed follows growth: 6.2% a year crosses the harbor in 62 seconds.
🌊 Visit the Bay →No warning signs on the measures below.
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 8-K · 2026-08-03 · 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-07-30
- 8-K · 2026-07-22 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-04-30
- 8-K · 2026-04-22 · 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits
- 8-K · 2026-04-21 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company