The Northern Trust Company
Chicago, Illinois, Cook County
$179B in total assets, the 25th largest of 4,309 US banks and 2nd of 328 headquartered in Illinois.
- FDIC certificate
- 913
- Established
- 1889
- Owned by
- Northern Trust Corp
- Primary regulator
- FED
- Website
- www.northerntrust.com
At a glance
Compared with 31 US banks with over $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $179B | 23% | $255B | |
| Loans | $43.8B | 2% | $149B | |
| Deposits | $148B | 23% | $225B | |
| Return on assets | 1.27% | 61% | 1.20% | |
| Net interest margin | 1.67% | 13% | 3.14% | |
| Efficiency ratio | 70.3% | 94% | 54.8% | |
| Equity to assets | 6.69% | 3% | 9.76% | |
| Loans to deposits | 30% | 6% | 74% |
Growth
Total assets grew 0.8% a year over the last 5 years and 4.0% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Oct 2011 | Northern Trust, National Association Miami, FL, an affiliate under the same holding company | $16.1B |
| Oct 2011 | Northern Trust Bank, Federal Savings Bank Bloomfield Hills, MI, an affiliate under the same holding company | $1.6B |
| Mar 1996 | Northern Trust Bank/Lake Forest, National Association Lake Forest, IL, an affiliate under the same holding company | $696M |
| Mar 1996 | Northern Trust Bank/O'Hare National Association Chicago, IL, an affiliate under the same holding company | $649M |
| Mar 1996 | Northern Trust Bank/DuPage Oak Brook, IL, an affiliate under the same holding company | $382M |
Where they operate
58 branches in 44 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Cook County, IL | $39.1B | 8.4% | 4 of 90 |
| Miami-dade County, FL | $3.1B | 1.5% | 18 of 58 |
| Lake County, IL | $1.7B | 5.4% | 6 of 30 |
| Los Angeles County, CA | $1.4B | 0.3% | 30 of 91 |
| Dallas County, TX | $1.3B | 0.4% | 21 of 109 |
| Palm Beach County, FL | $807M | 1.2% | 15 of 56 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 6 branches since 2016 (64 to 58, −9.4%). 5 opened, 0 acquired, 11 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 64 | |||
| 2017 | Closed Hinsdale and Santa Barbara | 0 | 2 | −2 | 62 |
| 2018 | Closed 5 in 4 states | 0 | 5 | −5 | 57 |
| 2019 | Opened PhiladelphiaClosed Naperville | 1 | 1 | 0 | 57 |
| 2020 | Opened Oakbrook TerraceClosed 3 in Illinois | 1 | 3 | −2 | 55 |
| 2021 | Opened Houston | 1 | 0 | +1 | 56 |
| 2022 | Opened Jacksonville and Key Largo | 2 | 0 | +2 | 58 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 14% | 19% | |
| Commercial real estate | 10% | 7% | |
| Business (C&I) | 9% | 18% | |
| Multifamily | 3% | 3% | |
| Construction and land | 2% | 2% | |
| Consumer | 1% | 21% | |
| Other | 62% | 30% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 77% | 71% | |
| Noninterest-bearing | 19% | 16% | |
| Time deposits | 3% | 13% |
Brokered deposits are 0.0% of deposits (peers 7.4%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.23% | 0.86% |
| Net charge-offs, annualized | -0.00% | 0.37% |
| Reserves to loans | 0.37% | 1.49% |
| Leverage ratio | 6.84% | 9.49% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Illinois
Largest competitors in Cook County, IL
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/northern-trust-chicago-il