Northern Trust Corporation (Corporation only) (Tables) - Parent Company

12 Months Ended

Dec. 31, 2025

Condensed Financial Statements, Captions [Line Items]

Condensed Balance Sheet

TABLE 122: CONDENSED BALANCE SHEETS

	DECEMBER 31,
(In Millions)	2025		2024
ASSETS
Cash on Deposit with Subsidiary Bank	$	2,320.6	$	2,383.1
Advances to Wholly-Owned Subsidiaries – Banks	3,760.0		3,760.0
Investments in Wholly-Owned Subsidiaries – Banks	11,414.5		10,800.3
– Nonbank	243.2		212.8
Other Assets	1,171.7		987.3
Total Assets	$	18,910.0	$	18,143.5
LIABILITIES
Senior Notes	$	3,351.5	$	2,769.7
Long-Term Debt	2,084.4		2,081.3
Other Liabilities	516.2		504.1
Total Liabilities	5,952.1		5,355.1
STOCKHOLDERS’ EQUITY
Preferred Stock	884.9		884.9
Common Stock	408.6		408.6
Additional Paid-in Capital	1,039.0		1,025.3
Retained Earnings	16,709.3		15,614.7
Accumulated Other Comprehensive Income (Loss)	(590.5)		(814.0)
Treasury Stock	(5,493.4)		(4,331.1)
Total Stockholders’ Equity	12,957.9		12,788.4
Total Liabilities and Stockholders’ Equity	$	18,910.0	$	18,143.5

Condensed Statement of Income

TABLE 123: CONDENSED STATEMENTS OF INCOME

	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2025		2024		2023
OPERATING INCOME
Dividends – Bank Subsidiaries	$	1,305.0	$	3,100.6	$	850.0
– Nonbank Subsidiaries	—		20.0		—
Intercompany Interest and Other Charges	281.2		291.1		260.2
Interest and Other Income	15.4		75.3		12.2
Total Operating Income	1,601.6		3,487.0		1,122.4
OPERATING EXPENSES
Interest Expense	263.6		302.8		279.5
Other Operating Expenses	42.3		47.5		32.3
Total Operating Expenses	305.9		350.3		311.8
Income before Income Taxes and Equity in Undistributed Net Income of Subsidiaries	1,295.7		3,136.7		810.6
Benefit (Expense) for Income Taxes	11.1		(4.1)		12.4
Income before Equity in Undistributed Net Income of Subsidiaries	1,306.8		3,132.6		823.0
Equity in Undistributed Net Income of Subsidiaries – Banks	399.7		(1,104.6)		269.4
– Nonbank	30.4		3.1		14.9
Net Income	$	1,736.9	$	2,031.1	$	1,107.3
Preferred Stock Dividends	41.8		41.8		41.8
Net Income Applicable to Common Stock	$	1,695.1	$	1,989.3	$	1,065.5

Condensed Statement of Cash Flows

TABLE 124: CONDENSED STATEMENTS OF CASH FLOWS

	FOR THE YEAR ENDED DECEMBER 31,
(In Millions)	2025		2024		2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$	1,736.9	$	2,031.1	$	1,107.3
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Equity in Undistributed Net Income of Subsidiaries	(430.1)		1,101.5		(284.3)
Change in Prepaid Expenses	(1.6)		1.4		1.7
Change in Accrued Income Taxes	(17.4)		(92.9)		(10.2)
Other Operating Activities, net	170.8		118.9		138.1
Net Cash Provided by Operating Activities	1,458.6		3,160.0		952.6
CASH FLOWS FROM INVESTING ACTIVITIES
Investments in and Advances to Subsidiaries, net	—		—		250.0
Other Investing Activities, net(1)	(116.6)		0.1		—
Net Cash (Used in) Provided by Investing Activities	(116.6)		0.1		250.0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Senior Notes	499.8		—		—
Proceeds from Long-Term Debt	750.0		—		—
Repayments of Long-Term Debt	(750.0)		—		—
Treasury Stock Purchased	(1,273.5)		(937.8)		(347.5)
Net Proceeds from Stock Options	6.4		9.4		2.3
Cash Dividends Paid on Common Stock	(591.6)		(602.3)		(621.5)
Cash Dividends Paid on Preferred Stock	(41.8)		(41.8)		(41.8)
Other Financing Activities, net	(3.8)		—		—
Net Cash Used in Financing Activities	(1,404.5)		(1,572.5)		(1,008.5)
Net Change in Cash on Deposit with Subsidiary Bank	(62.5)		1,587.6		194.1
Cash on Deposit with Subsidiary Bank at Beginning of Year	2,383.1		795.5		601.4
Cash on Deposit with Subsidiary Bank at End of Year	$	2,320.6	$	2,383.1	$	795.5

(1) Other Investing Activities, net includes $111.7 million of seed capital investments to certain funds which are VIEs. Refer to Note 28, "Variable Interest Entities" for further information.