---
title: Northern Trust (NTRS) — bank health card
canonical: https://sweetvaluelab.com/tools/banks/ntrs
ticker: NTRS
tier: Custody & trust
as_of: 2026-10-16
---
# Northern Trust (NTRS) — bank health

Northern Trust, Custody & trust, trades at 2.59× tangible book against a 19.0% return on tangible common equity, a 14% premium to the return-driven theory line. Prices as of Oct 16, 2026; trailing-twelve-month figures through Sep 30, 2026.

## The card

| Figure | NTRS | Custody & trust average (2) |
| --- | ---: | ---: |
| Price | $165.54 |  |
| P/TBV | 2.59× |  |
| Tangible book per share | $63.86 |  |
| P/E | 14.2 |  |
| EPS (TTM) | $11.65 |  |
| Dividend per share (TTM) | $3.28 |  |
| Dividend yield | 2.0% |  |
| Payout | 28.2% |  |
| ROTCE | 19.0% | 22.1% |
| ROA | 1.25% |  |
| Efficiency ratio | 67.0% | 64.5% |
| Net interest income share | 28.3% | 23.0% |
| Credit cost | -0.28% | -0.06% |
| AOCI / TCE | -4.7% | -15.2% |
| CET1 | 12.2% |  |
| CET1 requirement | 7.0% |  |
| Total assets | $179.3B |  |
| Leverage (assets / TCE) | 15.2× |  |
| P/TBV at 9% / 10% / 11% ROTCE (theory) | 2.66× / 2.28× / 2.00× |  |

## Lights

No light is on.

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Source: https://sweetvaluelab.com/tools/banks/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.