# Northern Trust Corp: Form 10-Q for the period ended Mar 31, 2025

- Company: [Northern Trust Corp](/companies/ntrs.md) (CIK 73124)
- Form: 10-Q
- Filed: 2025-04-30
- Accepted by EDGAR: Apr 30, 2025, 16:04 ET
- Period: 2025-03-31
- Accession: 0000073124-25-000187
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/73124/000007312425000187/ntrs-20250331.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/73124/000007312425000187/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2025-03-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 3 months, 2025-01-01 to 2025-03-31 | $1.21bn | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Income tax | 3 months, 2025-01-01 to 2025-03-31 | $129.4m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 3 months, 2025-01-01 to 2025-03-31 | $392.0m | us-gaap:NetIncomeLoss |
| Diluted EPS | 3 months, 2025-01-01 to 2025-03-31 | $1.90 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 3 months, 2025-01-01 to 2025-03-31 | $1.91 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 3 months, 2025-01-01 to 2025-03-31 | 196,124,971 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 3 months, 2025-01-01 to 2025-03-31 | $2.75bn | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 3 months, 2025-01-01 to 2025-03-31 | $12.4m | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Dividends paid | 3 months, 2025-01-01 to 2025-03-31 | $146.1m | us-gaap:PaymentsOfDividendsCommonStock |
| Share repurchases | 3 months, 2025-01-01 to 2025-03-31 | $287.2m | us-gaap:PaymentsForRepurchaseOfCommonStock |
| Total assets | at 2025-03-31 | $165.07bn | us-gaap:Assets |
| Total liabilities | at 2025-03-31 | $152.19bn | us-gaap:Liabilities |
| Shareholders' equity | at 2025-03-31 | $12.88bn | us-gaap:StockholdersEquity |
| Shares outstanding | at 2025-03-31 | 194,538,575 shares | dei:EntityCommonStockSharesOutstanding |

## Management's discussion and analysis

As filed, 1,309 characters.

(c) The following table shows certain information relating to the Corporation’s purchases of common stock for the three months ended March 31, 2025.

### TABLE 76: REPURCHASES OF COMMON STOCK

| PERIOD | TOTAL NUMBER OF SHARES PURCHASED | AVERAGE PRICE PAID PER SHARE | TOTAL NUMBER OF SHARES PURCHASED AS PART OF A PUBLICLY ANNOUNCED PLAN | MAXIMUM NUMBER OF SHARES THAT MAY YET BE PURCHASED UNDER THE PLAN |
| --- | ---: | ---: | ---: | ---: |
| January 1 - 31, 2025 | 315,590 | $112.49 | 315,590 | 10,633,238 |
| February 1-28, 2025 | 1,206,945 | 111.77 | 1,206,945 | 9,426,293 |
| March 1 - 31, 2025 | 667,849 | 104.22 | 667,849 | 8,758,444 |
| Total (First Quarter) | 2,190,384 | $109.57 | 2,190,384 | 8,758,444 |

On October 19, 2021, the Corporation announced a share repurchase program under which the Corporation’s Board of Directors authorized the Corporation to repurchase up to 25.0 million shares of the Corporation’s common stock. The repurchase authorization approved by the Board of Directors has no expiration date, thus the Corporation retains the ability to repurchase when circumstances warrant and applicable regulation permits. Please refer to Note 10—Stockholders’ Equity to the consolidated financial statements provided in Part I - Item 1. Consolidated Financial Statements (unaudited).

## Controls and procedures

As filed, 1,137 characters.

As of March 31, 2025, the Corporation’s management, with the participation of the Corporation’s Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of the Corporation’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange Act)), that are designed to ensure that information required to be disclosed by the Corporation in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified by the SEC’s rules and forms. Based on such evaluation, such officers have concluded that, as of March 31, 2025, the Corporation’s disclosure controls and procedures are effective.

There have been no changes in the Corporation’s internal control over financial reporting identified in connection with the evaluation required by Rules 13a-15 and 15d-15 under the Exchange Act during the last fiscal quarter that have materially affected, or that are reasonably likely to materially affect, the Corporation’s internal control over financial reporting.

## Risk factors

As filed, 177 characters.

Refer to “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, for a discussion of risks identified as being most significant to Northern Trust.

Filed Apr 30, 2025.
Source: SEC EDGAR, the filing index for accession 0000073124-25-000187. Last ingested by Listed: Nov 2, 2026, 20:33 ET. No prices; not investment advice.