The Northern Trust Company: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
Cost of borrowings dropped 0.81 percentage points in Q2 2026, from 24.57% to 23.76%. It was the largest change from Q1 2026 among the key lines here. On net interest margin, The Northern Trust Company is 1st from the bottom among 323 Illinois banks, 1.80% (Q2 2026). The Northern Trust Company reported 1.80% on net interest margin for Q2 2026, 1.63 points below the 3.43% median for banks in the $100B-250B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.82% |
| Yield on loans | 4.79% |
| Yield on securities | 3.39% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 3.82% |
| Cost of interest-bearing deposits | 2.03% |
| Cost of interest-bearing liabilities | 4.65% |
| Cost of borrowings | 23.76% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 1.80% |
| Yield to cost spread | 1.17% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $517.0M |
| Total interest expense | $1.51B |
| Interest expense on deposits | $274.9M |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 5.95% | 4.41% | 1.43% | 5.99% | 3.17% |
| Q4 2023 | 7.02% | 5.31% | 1.52% | 5.87% | 3.42% |
| Q1 2024 | 7.33% | 5.42% | 1.59% | 5.50% | 3.59% |
| Q2 2024 | 7.42% | 5.59% | 1.55% | 5.80% | 3.84% |
| Q3 2024 | 7.59% | 5.68% | 1.72% | 6.34% | 3.85% |
| Q4 2024 | 6.76% | 4.94% | 1.64% | 5.82% | 3.74% |
| Q1 2025 | 6.17% | 4.46% | 1.57% | 5.46% | 3.54% |
| Q2 2025 | 6.06% | 4.24% | 1.70% | 5.48% | 3.52% |
| Q3 2025 | 6.16% | 4.25% | 1.68% | 5.42% | 3.53% |
| Q4 2025 | 5.96% | 3.97% | 1.80% | 5.13% | 3.41% |
| Q1 2026 | 5.84% | 3.95% | 1.72% | 4.85% | 3.30% |
| Q2 2026 | 5.82% | 3.82% | 1.80% | 4.79% | 3.39% |
The Northern Trust Company yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock The Northern Trust Company, freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full The Northern Trust Company profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 913) · FFIEC NIC profile (RSSD 210434)