NORTHERN TRUST CORP — fact timeline

NORTHERN TRUST CORP reported first quarter ended March 31, 2026 results: net income $525.5 million, EPS $2.71.

“Northern Trust Corporation today reported first quarter net income per diluted common share of $2.71, compared to $2.42 in the fourth quarter of 2025 and $1.90 in the first quarter of 2025. Net income was $525.5 million, compared to $466.0 million in the prior quarter and $392.0 million in the prior-year quarter.”

NORTHERN TRUST CORP: Amended By-laws to form a Technology and Operations Committee, dissolve the Capital Governance Committee, and rename the Business Risk Committee to the Risk Committee (effective 2025-04-22).

“On April 22, 2025, the Board of Directors of Northern Trust Corporation (the “Corporation”) approved certain amendments to the Corporation’s By-laws (the “By-laws”) to reflect (i) the formation of a Technology and Operations Committee; (ii) the dissolution of the Capital Governance Committee; and (iii) the renaming of the Business Risk Committee to the Risk Committee.”

Richard Petrino was elected as director at NORTHERN TRUST CORP.

“On January 22, 2025, the Board of Directors of Northern Trust Corporation (the “Corporation”) elected Robert Moritz and Richard Petrino as directors of the Corporation, effective March 1, 2025 and January 22, 2025, respectively.”

Robert Moritz was elected as director at NORTHERN TRUST CORP.

“On January 22, 2025, the Board of Directors of Northern Trust Corporation (the “Corporation”) elected Robert Moritz and Richard Petrino as directors of the Corporation, effective March 1, 2025 and January 22, 2025, respectively.”

NORTHERN TRUST CORP: Amended and restated By-laws to address Rule 14a-19 under the Exchange Act (Universal Proxy Rules), including requirements for nominating stockholders regarding use of universal proxy, certification, proxy card color, and remedy for non-compliance (effective 2024-11-19).

“On November 19, 2024, the Board of Directors of Northern Trust Corporation (the “Corporation”) amended and restated the Corporation’s By-laws (as so amended and restated, the “By-laws”) to address matters relating to Rule 14a-19 under the Securities Exchange Act of 1934, as amended (the “Universal Proxy Rules”), including: (a) requiring nominating stockholders to make a representation as to whether they intend to use the Universal Proxy Rules; (b) requiring stockholders intending to use the Universal Proxy Rules to provide a written certification of the satisfaction of the requirements of the Universal Proxy Rules at least five business days before the applicable meeting; (c) requiring the stockholder to use a proxy card color other than white, which is reserved for the exclusive use of the Corporation; and (d) providing the Corporation a remedy if a stockholder fails to satisfy the requirements of the Universal Proxy Rules.”

David W. Fox, Jr. was appointed as Chief Financial Officer at NORTHERN TRUST CORP.

“• David W. Fox, Jr., currently President – Global Family & Private Investment Offices, will become Chief Financial Officer;”

Jason J. Tyler was appointed as President – Wealth Management at NORTHERN TRUST CORP.

“• Jason J. Tyler, currently Chief Financial Officer, will become President – Wealth Management;”

Steven L. Fradkin was appointed as Vice Chairman at NORTHERN TRUST CORP.

“• Steven L. Fradkin, currently President – Wealth Management, will become Vice Chairman;”

Teresa A. Parker was appointed as President – Asset Servicing at NORTHERN TRUST CORP.

“• Teresa A. Parker, who had most recently served as President – Europe, Middle East, and Africa, will become President –Asset Servicing;”

Peter B. Cherecwich was appointed as Chief Operating Officer at NORTHERN TRUST CORP.

“• Peter B. Cherecwich, currently President – Asset Servicing, will become Chief Operating Officer;”

Chandra Dhandapani was elected as director at NORTHERN TRUST CORP.

“On May 29, 2024, the Board of Directors of Northern Trust Corporation (the “Corporation”) elected Chandra Dhandapani as a director of the Corporation.”

NORTHERN TRUST CORP shareholders rejected Stockholder proposal to ascertain voting preferences at the 2024-04-16 meeting.

“The stockholder proposal to ascertain voting preferences was defeated by the votes set forth in the table below.”

NORTHERN TRUST CORP shareholders approved Ratification of Appointment of KPMG LLP as independent registered public accounting firm for 2024 at the 2024-04-16 meeting.

“The appointment of KPMG LLP as the Corporation’s independent registered public accounting firm for the 2024 fiscal year was ratified by the votes set forth in the table below.”

NORTHERN TRUST CORP shareholders approved Approval of 2023 Named Executive Officer Compensation at the 2024-04-16 meeting.

“The 2023 named executive officer compensation was approved, on an advisory basis, by the votes set forth in the table below”

NORTHERN TRUST CORP shareholders approved Election of 11 directors at the 2024-04-16 meeting.

“All 11 nominees for director named in the proxy statement for the 2024 Annual Meeting were elected by the votes set forth in the table below.”

NORTHERN TRUST CORP reported the three months ended March 31, 2024 results: revenue $1,654.1 million, net income $214.7 million, EPS $0.96.

“Northern Trust Corporation today reported first quarter net income per diluted common share of $0.96, compared to $0.52 in the fourth quarter of 2023 and $1.51 in the first quarter of 2023. Net income was $214.7 million, compared to $113.1 million in the prior quarter and $334.6 million in the prior-year quarter.”

NORTHERN TRUST CORP reported Q1 2024 results: revenue $ 1,654.1, net income $ 214.7, EPS $ 0.96.

“FINANCIAL SUMMARY & KEY METRICS % Change Q1 2024 vs. ($ In Millions except per share data) Q1 2024 Q4 2023 Q1 2023 Q4 2023 Q1 2023 Trust, Investment and Other Servicing Fees $ 1,142.9 $ 1,090.0 $ 1,063.6 5 % 7 % Other Noninterest Income (Loss) (24.2) (27.8) 149.8 (13) N/M Net Interest Income (FTE*) 535.4 501.1 544.4 7 (2) Total Revenue (FTE*) $ 1,654.1 $ 1,563.3 $ 1,757.8 6 % (6) % Noninterest Expense $ 1,364.7 $ 1,388.5 $ 1,285.6 (2) % 6 % Provision for Credit Losses (8.5) 11.0 15.0 N/M N/M Provision for Income Taxes 75.9 32.7 109.4 133 (31) FTE Adjustment* 7.3 18.0 13.2 (59) (45) Net Income $ 214.7 $ 113.1 $ 334.6 90 % (36) % Earnings Allocated to Common and Potential Common Shares $ 196.1 $ 106.5 $ 315.2 84 % (38) % Diluted Earnings per Common Share $ 0.96 $ 0.52 $ 1.51 85 % (37) %”

NORTHERN TRUST CORP reported three and twelve months ended December 31, 2023 results: net income $113.1 million, EPS $0.52.

“Northern Trust Corporation today reported fourth quarter net income per diluted common share of $0.52, compared to $1.49 in the third quarter of 2023 and $0.71 in the fourth quarter of 2022. Net income was $113.1 million, compared to $327.8 million in the prior quarter and $155.7 million in the prior-year quarter.”

Lauren E. Allnutt was appointed as Chief Audit Executive at NORTHERN TRUST CORP.

“Mr. Landers will assume the role of Controller from Lauren E. Allnutt, who will serve as Chief Audit Executive.”

John P. Landers was elected as Controller at NORTHERN TRUST CORP.

“On December 6, 2023, the Board of Directors (the “Board”) of Northern Trust Corporation (the “Corporation”) elected John P. Landers to serve as Controller of the Corporation, effective that day.”

NORTHERN TRUST CORP reported the three and nine months ended September 30, 2023 results: net income $327.8 million, EPS $1.49 per diluted common share.

“Northern Trust Corporation today reported third quarter net income per diluted common share of $1.49, compared to $1.56 in the second quarter of 2023 and $1.80 in the third quarter of 2022. Net income was $327.8 million, compared to $331.8 million in the prior quarter and $394.8 million in the prior-year quarter.”

NORTHERN TRUST CORP reported second quarter 2023 results: revenue $1,770.2, net income $331.8 million, EPS $1.56.

“Fees $ 1,096.3 $ 1,063.6 $ 1,143.4 3 % (4) % Other Noninterest Income (Loss) 149.3 149.8 166.6 — (10) Net Interest Income (FTE*) 524.6 544.4 469.8 (4) 12 Total Revenue (FTE*) $ 1,770.2 $ 1,757.8 $ 1,779.8 1 % (1) % Noninterest Expense $ 1,331.9 $ 1,285.6 $ 1,223.6 4 % 9 % (Release of) Provision for Credit Losses (15.5) 15.0 4.5 N/M N/M Provision for Income Taxes”

NORTHERN TRUST CORP shareholders approved Ratification of Appointment of KPMG LLP as independent registered public accounting firm at the 2023-04-25 meeting.

“Ratification of Appointment of KPMG LLP The appointment of KPMG LLP as the Corporation’s independent registered public accounting firm for the 2023 fiscal year was ratified by the votes set forth in the table below. For Against Abstentions Broker Non-Votes 182,785,001 8,826,507 137,202 —”

NORTHERN TRUST CORP shareholders approved Recommendation on Frequency of Advisory Votes on Executive Compensation at the 2023-04-25 meeting.

“Recommendation on Frequency of Advisory Votes on Executive Compensation The Corporation’s stockholders recommended that an advisory vote on executive compensation be held annually by the votes set forth in the table below. 1 Year 2 Years 3 Years Abstentions Broker Non-Votes 177,443,991 184,802 3,841,281 192,213 10,086,423”

NORTHERN TRUST CORP shareholders approved Approval of 2022 named executive officer compensation at the 2023-04-25 meeting.

“The 2022 named executive officer compensation was approved, on an advisory basis, by the votes set forth in the table below. For Against Abstentions Broker Non-Votes 175,807,644 5,495,682 358,961 10,086,423”

NORTHERN TRUST CORP shareholders approved Election of 12 directors at the 2023-04-25 meeting.

“Election of Directors All 12 nominees for director named in the proxy statement for the 2023 Annual Meeting were elected by the votes set forth in the table below. Nominee For Against Abstentions Broker Non-Votes Linda Walker Bynoe 156,541,385 24,586,980 533,922 10,086,423 Susan Crown 176,556,438 4,586,998 518,851 10,086,423 Dean M. Harrison 179,906,240 1,216,061 539,986 10,086,423 Jay L. Henderson 167,303,483 13,824,385 534,419 10,086,423 Marcy S. Klevorn 180,206,591 887,103 568,593 10,086,423 Siddharth N. (Bobby) Mehta 179,810,261 1,296,783 555,243 10,086,423 Michael G. O’Grady 173,854,185 7,245,646 562,456 10,086,423 Jose Luis Prado 174,828,667 6,254,441 579,179 10,086,423 Martin P. Slark 177,102,959 4,024,576 534,752 10,086,423 David H. B. Smith, Jr. 176,011,718 5,119,469 531,100 10,086,423 Donald Thompson 177,604,116 3,504,525 553,646 10,086,423 Charles A. Tribbett III 173,532,150 7,554,460 575,677 10,086,423”

NORTHERN TRUST CORP reported three months ended March 31, 2023 results: revenue $1.7 billion, net income $334.6 million, EPS $1.51.

“NORTHERN TRUST CORPORATION REPORTS FIRST QUARTER NET INCOME OF $334.6 MILLION, EARNINGS PER DILUTED COMMON SHARE OF $1.51 Revenue of $1.7 billion”

NORTHERN TRUST CORP: The By-laws were amended to rename the Compensation and Benefits Committee to the Human Capital and Compensation Committee and to incorporate minor administrative revisions including provisions for virtual meetings (effective 2022-11-15).

“On November 15, 2022, the Board of Directors (the “Board”) of Northern Trust Corporation (the “Corporation”) approved certain amendments to the Corporation’s By-laws (the “By-laws”), effective immediately. The following is a summary of the amendments: • All references to the “Compensation and Benefits Committee” of the Board were revised to read as the “Human Capital and Compensation Committee” to reflect a change of the committee’s name. • Certain minor administrative or technical revisions were incorporated throughout the By-laws, including, but not limited to, various provisions to explicitly account for the potential to hold Board and/or stockholder meetings in a virtual format, in accordance with applicable law.”

Shundrawn A. Thomas departed as Executive Vice President and President—Asset Management at NORTHERN TRUST CORP.

“Shundrawn A. Thomas, Executive Vice President and President—Asset Management, will be resigning from that position effective June 1, 2022 in order to pursue an outside entrepreneurial opportunity.”