Noninterest Expense
Northern Trust Noninterest Expense increased by 0.7% to $1.51B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.4%, from $1.42B to $1.51B. Over 4 years (FY 2021 to FY 2025), Noninterest Expense shows an upward trend with a 6.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue indicates declining operational efficiency, whereas a decrease suggests successful cost management or improved economies of scale.
Detailed definition
This metric aggregates all operating costs that are not related to interest-bearing liabilities, providing a comprehensi...
Peer comparison
Standardized across the banking industry as a primary measure of non-interest operating costs.
other_noninterest_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.12B | $1.13B | $1.17B | $1.21B | $1.22B | $1.23B | $1.32B | $1.29B | $1.33B | $1.28B | $1.39B | $1.36B | $1.53B | $1.36B | $1.38B | $1.42B | $1.42B | $1.42B | $1.50B | $1.51B |
| QoQ Change | — | +0.7% | +3.6% | +3.2% | +1.5% | +0.5% | +7.6% | -2.9% | +3.6% | -4.0% | +8.6% | -1.7% | +12.4% | -11.4% | +1.2% | +3.0% | -0.1% | +0.4% | +5.2% | +0.7% |
| YoY Change | — | — | — | — | +9.2% | +9.0% | +13.2% | +6.6% | +8.9% | +3.9% | +4.9% | +6.2% | +15.2% | +6.4% | -0.9% | +3.9% | -7.6% | +4.7% | +8.8% | +6.4% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Asset Servicing Segment | $920.60M | $860.70M | $856.70M | $890.50M | $895.60M | $901.30M | $953.40M | $947.00M |
| Wealth Management Segment | $521.90M | $491.30M | $486.10M | $517.10M | $511.00M | $516.30M | $541.90M | $559.20M |
| Total | $1.53B | $1.36B | $1.38B | $1.42B | $1.42B | $1.42B | $1.50B | $1.51B |
ASSET SERVICING was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Noninterest Expense at Other Companies
Frequently Asked Questions
- What is Northern Trust's noninterest expense?
- Northern Trust (NTRS) reported noninterest expense of $1.51B in Q1 2026.
- How has Northern Trust's noninterest expense changed year-over-year?
- Northern Trust's noninterest expense increased by 6.4% year-over-year, from $1.42B to $1.51B.
- What is the long-term trend for Northern Trust's noninterest expense?
- Over 4 years (2021 to 2025), Northern Trust's noninterest expense has grown at a 6.1% compound annual growth rate (CAGR), from $4.54B to $5.75B.
- What does noninterest expense mean?
- The total operating expenses incurred by the company excluding interest-related costs.