What Northern Trust's latest 10-Q says: 3 signals
Northern Trust filed its latest 10-Q with the SEC on Jul 30, 2026. It discusses cash flow concern, compliance burden and margin pressure.
Public (NTRS)Financial Services10,000+ employeesnortherntrust.comLinkedIn
- Filed
- Jul 30, 2026
- Filings
- 2
- Signals
- 7
10-Q · latest 7
What Northern Trust's 10-Q filings say
- SEC EDGAR
10-Q
Filed · 3 signals
NTRS reports $7.0M Q2 loss from non-designated risk management derivatives
Northern Trust recorded a $7.0 million loss in Q2 2026 from derivatives used for risk management purposes, such as managing foreign currency risk.
$7M
Loss from non-designated risk management derivatives in Q2 2026
NTRS details complex netting process for over $92.6B in repurchase agreements
The company's filings detail a highly complex process for netting and offsetting derivative liabilities and securities repurchase agreements, which total over $92.6 billion.
$92.7B
Gross borrowings from securities sold under agreements to repurchase
NTRS discloses $249M in derivative liabilities with credit-rating downgrade triggers
Northern Trust has $248.8 million in derivative liabilities with credit-risk-related contingent features, which could be accelerated if the company's credit rating is downgraded.
$248.8M
Aggregate fair value of derivative instruments with credit-risk-related contingent features in a liability position
- SEC EDGAR
10-Q
Filed · 4 signals
NTRS reports $4.6B payment processing failure with cash custodian
A significant payment processing issue with a cash custodian for FICC sponsored member clients resulted in a $4.6 billion receivable for cash not received as expected.
$4.6B
Receivable from a payment processing issue
NTRS has $1.64B remaining in its active $2.5B stock repurchase authorization
Northern Trust has a board-approved $2.5 billion stock repurchase program with $1.636 billion remaining as of March 31, 2026, after repurchasing approximately $294 million in stock during the first quarter.
$1.6B
Remaining amount in stock repurchase authorization
Experienced a $4.6B payment processing failure, indicating operational quality issues.
A significant payment processing error with a cash custodian led to a temporary $4.6 billion receivable for cash not received as expected.
$4.6B
receivable for cash not received as expected due to a payment processing issue
FICC
NTRS's potential derivative termination payments jump over 15x to $120.8M
The maximum amount of termination payments Northern Trust could be required to make due to credit-risk-related contingent features in its derivative contracts increased from $7.6 million to $120.8 million in a single quarter.
$120.8M
Net maximum potential termination payments on derivatives
14.9%
Increase in potential termination payments from prior quarter (15.9x)
Earnings calls
Northern Trust earnings headlines
From earnings call transcripts (Signal API type earnings-transcripts).
| Call date | What the company said |
|---|---|
| Massive AI push with 150+ use cases to drive efficiency and cut costsCEO confirms an enterprise-wide AI deployment, including Microsoft Copilot for all employees, is already saving 'tens of thousands of hours'. This signals significant budget and receptiveness to AI, automation, and data analytics solutions that can demonstrate measurable productivity gains and cost savings. | |
| Company-wide AI deployment with 150+ use cases and Copilot for all employees.Leadership is heavily investing in AI to drive efficiency and automate workflows, saving 'tens of thousands of hours'. This creates significant opportunities for vendors offering AI-powered platforms, data analytics, and automation tools that can demonstrate measurable ROI and integrate with existing systems like Copilot. | |
| Major restructuring moves thousands of staff into global capability teamsAs part of the 'One Northern Trust' strategy, the company is shifting thousands of employees from regional to global reporting lines to improve efficiency and resiliency. This large-scale reorganization creates disruption and opens doors for solutions that support new global operating models, process standardization, and productivity measurement. | |
| Launched 11 new ETF strategies and a new alternatives feeder fund.The company is actively innovating and launching new products, particularly in ETFs and alternatives, to meet client demand. This creates needs for supporting technology, including portfolio management systems, client reporting tools, and marketing automation platforms to support the go-to-market for these new offerings. | |
| Facing challenges and fee pressure in wealth management investment productsCEO acknowledged that positive momentum in advisory fees is being 'tempered by ongoing challenges at the investment product level,' including pricing pressure on index products and outflows from underperforming active multi-manager platforms. This pain point creates an opportunity for vendors offering performance analytics, fee benchmarking, and alternative product platforms. | |
| Announced major asset servicing wins totaling over $49 billion in AUMNorthern Trust highlighted several significant new custody and fund administration clients, including the $14B Sacramento County ERS, a $16B private foundation, and the $19B New Mexico ERB. These wins validate their focus on large asset owners and demonstrate momentum in a key strategic area. |
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Source. Quarterly reports (Form 10-Q) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .