The Northern Trust Company

What sets The Northern Trust Company apart

• Among the 32 banks of over $100 bn, few report a lower net charge-offs to average loans than The Northern Trust Company, at 0.00% in Q2 2026; the group median is 0.36%.
• The Northern Trust Company reports one of the lowest loan-to-deposit ratio readings among banks of over $100 bn: 29.48% at Q2 2026, where the median of the 32 banks is 72.53%.
• At 76.66%, the uninsured share of domestic deposits of The Northern Trust Company sits in the top tenth of its size group (over $100 bn, 32 banks), where the median is 44.87%.

How large is The Northern Trust Company?

The balance sheet of The Northern Trust Company at Q2 2026: assets $178.6 bn, deposits $148.1 bn, net loans $43.7 bn (loans equal to 29.48% of deposits). Securities make up 34.3% of total assets at The Northern Trust Company. Since Q1 2016, when The Northern Trust Company held $117.4 bn, its assets grew 52.1%. In the year to Q2 2026, deposits at The Northern Trust Company rose 6.3% while its total assets rose 4.2%. At Q2 2026, The Northern Trust Company employed 23,363 full-time equivalent staff across 67 offices, about $7.6 mn of assets per employee and $2.2 bn of deposits per office.

How much funding at The Northern Trust Company is uninsured?

At The Northern Trust Company, uninsured deposits (above the FDIC limit) made up 76.66% of domestic deposits at Q2 2026 (-1.78 pp on a year earlier); The Northern Trust Company ranks 12th of 500 on this measure. In dollars, The Northern Trust Company estimated $43.7 bn of uninsured deposits.

Key facts, Q2 2026

US rank of The Northern Trust Company: 1 = highest unless marked 1 = lowest.

The CET1 ratio of The Northern Trust Company stood at 11.83% in Q2 2026, +0.44 pp year on year. Low and high at The Northern Trust Company since Q1 2016: 10.38% (Q1 2016) to 13.91% (Q2 2020). Equity capital of The Northern Trust Company at Q2 2026: $11.9 bn, or 6.7% of total assets. The Northern Trust Company also reported a total capital ratio of 13.90% for Q2 2026, and a tier 1 leverage ratio of 6.84%.

On held-to-maturity securities, The Northern Trust Company carried an unrealized loss of $1.1 bn at Q2 2026, equal to 9.5% of equity capital. The loss narrowed by $121.2 mn over the year. Its deepest point: $2.5 bn in Q3 2023. The available-for-sale portfolio of The Northern Trust Company showed an unrealized loss of $75.2 mn at Q2 2026; the loss narrowed by $44.4 mn over the year.

For the year to Q2 2026, The Northern Trust Company earned a return on equity of 22.34%; return on assets: 1.47%. Net interest margin at The Northern Trust Company: 1.67%, +0.11 pp in a year. The Northern Trust Company net income: $1.3 bn, up 63.7% year on year. The efficiency ratio of The Northern Trust Company was 70.32%: about 70 cents cost per revenue dollar, against 56 cents at the median peer.

At Q2 2026, noncurrent loans were 0.23% of total loans at The Northern Trust Company; net charge-offs: 0.00% of average loans. Gross loans and leases at The Northern Trust Company: $43.8 bn, up 1.2% in a year.

The peer group of The Northern Trust Company is the 6 banks nearest to it by total assets at Q2 2026: 3 larger and 3 smaller. Of the peers, 3 share the charter type of The Northern Trust Company (state member bank), 6 sit in the same size group (over $100 bn) and 0 have head offices in Illinois. Against them, The Northern Trust Company shows CET1 ratio 11.83% against a peer median of 11.93%, return on equity 22.34% against a peer median of 12.70% and uninsured deposit share 76.66% against a peer median of 44.38%.

No merger or acquisition by The Northern Trust Company appears in the FDIC history since Q1 2016, and its total assets never moved more than 25% in one quarter.