---
title: Northern Trust (NTRS) — bank health card
canonical: https://sweetvaluelab.com/tools/bank-stocks/ntrs
ticker: NTRS
tier: Custody & trust
as_of: 2026-10-26
---
# Northern Trust (NTRS) — bank health

Northern Trust, Custody & trust, trades at 2.66× tangible book against a 20.2% return on tangible common equity, a 8% premium to the return-driven theory line. Prices as of Oct 26, 2026; trailing-twelve-month figures through Sep 30, 2026.

## The card

| Figure | NTRS | Custody & trust average (2) |
| --- | ---: | ---: |
| Price | $169.55 |  |
| P/TBV | 2.66× |  |
| Tangible book per share | $63.66 |  |
| P/E | 13.6 |  |
| EPS (TTM) | $12.48 |  |
| Dividend per share (TTM) | $3.28 |  |
| Dividend yield | 1.9% |  |
| Payout | 26.3% |  |
| ROTCE | 20.2% | 22.1% |
| ROA | 1.54% |  |
| Efficiency ratio | 66.1% | 64.5% |
| Net interest income share | 28.1% | 23.0% |
| Credit cost | −0.12% | −0.06% |
| AOCI / TCE | 112.1% | −15.2% |
| CET1 | 12.2% |  |
| CET1 requirement | 7.0% |  |
| Total assets | $154.4B |  |
| Leverage (assets / TCE) | 13.1× |  |
| P/TBV at 9% / 10% / 11% ROTCE (theory) | 2.87× / 2.46× / 2.15× |  |

## Lights

No light is on.

## Data notes

- Quarter ending 2026-09-30 excluded: netInterestIncome ≠ interestIncome − interestExpense (±3%); costOfRevenue < interestExpense (beyond a 3%-of-revenue release).
- TTM figures are 3 quarters annualized (× 4/3).

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Source: https://sweetvaluelab.com/tools/bank-stocks/ntrs (SweetValueLab, free, no account). Quarterly statements from Financial Modeling Prep, closes from the daily price cache; the engine's rules are on the board page. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.