Northwestern Mutual Wealth Management Company
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Data as of · sourced from FFIEC call reports. How we update
Northwestern Mutual Wealth Management Company is an FDIC-insured savings institution headquartered in Milwaukee, WI, established in 2001 (FDIC certificate 57093), and it is supervised by the OCC. At Q2 2026 it reported total assets of $557.7M, up 5.1% from Q2 2025, the 60th largest of 153 banks headquartered in Wisconsin.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 57093
- Headquarters
- Milwaukee, WI
- Established
- 2001
- Total assets, Q2 2026
- $557.7M
- Assets vs Q2 2025
- +5.1%
- Capital ratio
- Not reported
- Domestic offices
- 1 FDIC institution directory, current count
- Latest call report
- Q2 2026, FFIEC 051 · Northwestern Mutual Wealth Management Company Q3 2026 call report, filed October 23, 2026 (preliminary)
- Asset rank in state
- 60th of 153 in Wisconsin
Northwestern Mutual Wealth Management Company spends more to run itself than most banks of its size. The Milwaukee, Wisconsin bank had $558 million in assets at June 30, 2026, up 5.1% from a year earlier. It spends about 91 cents to bring in each dollar of revenue, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 61 cents). On the other hand, it funds 54.95% of its assets with Tier 1 capital, 5.0 times the median of 10.99% for banks its size.
Net income for the quarter rose 21% from a year earlier, to $52 million.
As of June 30, 2026, Northwestern Mutual Wealth Management Company reported a return on assets of 29.67% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 153 banks headquartered in Wisconsin, Northwestern Mutual Wealth Management Company is the 60th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 7.0% to $557.7M, deposits were flat. Its one office in the FDIC Summary of Deposits is in Milwaukee, WI. By the capital ratios in its Q2 2026 call report, Northwestern Mutual Wealth Management Company meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 720 E Wisconsin Ave, Milwaukee, WI 53202
- County
- Milwaukee
- Metro Area
- Milwaukee-Waukesha, WI
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- —
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- April 6, 2001
- Former names
- Northwestern Mutual Wealth Management (2005)
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 280
- Domestic deposits
- $50.5M
- Allowance for credit losses
- $0
- Net charge-offs (YTD)
- $0
- Average total assets
- $704.6M
- Average total loans
- $0
- Average interest-bearing deposits
- $50.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- April 6, 2001
- FDIC Cert
- 57093
- Fed RSSD
- 3017081
- Website
- www.northwesternmutual.com →
Profitability
Q2 annualizedAsset Quality
Capital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Northwestern Mutual Wealth Management Company reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Northwestern Mutual Wealth Management Company's total assets ranged from $400.1M (Q4 2023) to $587.5M (Q3 2025), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$557.7M total assets against $530.5M; $182.5M total liabilities against $173.5M.
$0 net loans and leases against $0; $50.5M total deposits against $50.5M.
$523.3M securities against $491.3M; $79K cash and balances due against $239K.
$4.9M total interest income against $4.7M; $244K total interest expense against $351K.
$4.7M net interest income against $4.4M.
$748.0M total noninterest income against $610.4M; $682.6M total noninterest expense against $556.8M.
$0 provision for credit losses against $0.
$52.3M net income against $43.3M.
29.67% return on assets against 26.62%; 3.56% net interest margin against 3.53%.
54.95% tier 1 leverage ratio against 57.12%.
Inside the full Northwestern Mutual Wealth Management Company terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeNorthwestern Mutual Wealth Management Company rankings
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 23.49% (Q3 2024) to 29.67% (Q2 2026) and its net interest margin ran from 3.53% (Q2 2025) to 4.09% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 54.95% | 29.67% | — | 0.00% | 3.56% |
| Q1 2026 | 51.36% | 29.32% | — | 0.00% | 3.58% |
| Q4 2025 | 39.42% | 23.98% | — | 0.00% | 3.72% |
| Q3 2025 | 58.59% | 25.26% | — | 0.00% | 3.80% |
| Q2 2025 | 57.12% | 26.62% | — | 0.00% | 3.53% |
| Q1 2025 | 54.21% | 26.94% | — | 0.00% | 3.72% |
| Q4 2024 | 42.58% | 23.65% | — | 0.00% | 4.00% |
| Q3 2024 | 60.30% | 23.49% | — | 0.00% | 4.09% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Northwestern Mutual Wealth Management | Milwaukee , WI | 53202 | $50.5M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in WI, rank 173 of 185 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Northwestern Mutual Wealth Management Company
What are Northwestern Mutual Wealth Management Company's total assets?
As of the Q2 2026 filing, Northwestern Mutual Wealth Management Company reported total assets of $557.7 million in its FFIEC call report.
Where is Northwestern Mutual Wealth Management Company headquartered?
It is headquartered in Milwaukee, WI, United States.
When was Northwestern Mutual Wealth Management Company founded?
It was established in 2001, per the FDIC institution directory.
Is Northwestern Mutual Wealth Management Company FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #57093). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Northwestern Mutual Wealth Management Company?
Northwestern Mutual Wealth Management Company's primary federal regulator is the OCC.
How many branches does Northwestern Mutual Wealth Management Company operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Northwestern Mutual Wealth Management Company's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Northwestern Mutual Wealth Management Company previously called?
The charter now named Northwestern Mutual Wealth Management Company has also operated as Northwestern Mutual Wealth Management (2005), per FDIC structure-change records.
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