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Welcome to the Northern Trust Newsroom
CEO Michael O'Grady on CNBC's The Exchange
Mike O’Grady, Northern Trust Chairman and CEO, joined CNBC’s The Exchange to discuss the current market environment, client activity and the firm’s continued growth.
Explore our press release archive for story ideas, financial research or data.
Fast Facts
As of June 30, 2026, Northern Trust Corporation had:
trillion assets under custody/administration
trillion in assets under custody
trillion in assets under management
billion in banking assets
NORTHERN TRUST CORPORATION REPORTS SECOND QUARTER NET INCOME OF $792.2 MILLION, EARNINGS PER DILUTED COMMON SHARE OF $4.23
Northern Trust delivered another quarter of strong performance reflecting disciplined execution of our One Northern Trust strategy amid a constructive operating environment. Excluding notable items in the period, earnings per share increased 40%. Revenue increased 13% versus last year, supported by robust fee growth, healthy capital markets activity, and double-digit net interest income growth. Our progress against our strategic priorities helped drive an eighth consecutive quarter of positive organic trust-fee growth. Expenses were well controlled, and the Corporation generated more than 700 basis points of operating leverage for the second consecutive quarter. The Corporation returned over $1 billion of capital to shareholders in the first half of the year and its Board of Directors approved a $0.08 or 10% increase to the quarterly dividend at its meeting on July 21st, 2026.
We remain focused on supporting our clients, advancing our strategic priorities, and delivering long-term value to our shareholders through sustainable financial performance across market environments as we enter the second half of the year.
Recent Earnings and Trends
Executive Biographies
Michael O'Grady is Chairman and Chief Executive Officer of Northern Trust, a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.
Pete is an executive vice president and the bank's chief operating officer, a role he assumed in October 2024.
Steve is vice chairman of Northern Trust with responsibility for the operationalization of the corporation’s One Northern Trust growth strategy, one of three corporate-wide priorities, in addition to managing other strategic initiatives.
Clive is co-president of Asset Servicing and president for Europe, the Middle East and Africa (EMEA) at Northern Trust.
Guy is co-president of Asset Servicing, and global head of Institutional Banking & Markets.
Aengus Hallinan is an executive vice president and chief risk officer of Northern Trust with responsibility for overseeing risk management policies, frameworks, strategy and programs to ensure the company operates within its risk appetite and effectively manages financial and non-financial risks in compliance with global regulatory requirements.
Michael Hunstad is President of Northern Trust Asset Management (NTAM), where he is responsible for developing long-term business strategies, delivering world-class investment solutions and services for its clients, cultivating strategic relationships, and developing talented investment professionals.
Susan C. Levy is Executive Vice President, General Counsel and Corporate Secretary of Northern Trust, a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. She is a member of the corporation’s Management Group.
Melanie is chief transformation officer at Northern Trust, leading firmwide initiatives that accelerate innovation and adapt to market changes.
Thomas A. South is an executive vice president at The Northern Trust Company, Chicago. Tom was appointed Executive Vice President, Chief Information Officer in September 2018, responsible for the global strategic vision and execution for Information Technology in support of the business functions to deliver the technology capabilities and solutions.
Alex is an executive vice president and the chief administrative officer for Northern Trust.
Jason is an executive vice president and president of Wealth Management, which offers holistic wealth management services for affluent individuals, families, family offices, foundations, endowments and privately held businesses.
Top Insights
Recent articles, multimedia or perspectives from our experts below. For information about a specific topic, see media contacts below.
General Inquiries
Laura Hayes
lh232@ntrs.com
EMEA & APAC Media Contacts
Camilla Greene
London
camilla.greene@ntrs.com
Simon Ansell
London
simon.ansell@ntrs.com