Northern Trust Corporation reported an 11% year-over-year increase in net interest income for the second quarter of 2026, driven by margin expansion and favorable balance-sheet trends. On a fully taxable equivalent basis, net interest margin widened to 1.81% from 1.69% a year earlier, while GAAP net interest income reached $675.5 million. Average earning assets grew 4% year over year to approximately $151 billion, with debt securities up 17% to $61 billion and loans up 1% to $42 billion, partly offset by a 12% decline in central bank deposits. The company's first-half net interest income growth accelerated to 13%, and management highlighted double-digit growth as a key achievement. Northern Trust's shares have risen 47.3% over the past year, outperforming the industry's 32.6% gain, and the stock carries a Zacks Rank #3 (Hold).
Northern Trust CorporationReports 11% rise in Q2 net interest income and margin expansion, indicating strong financial performance.
Wells Fargo & Company