NORTHERN TRUST CORP (NTRS) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that NORTHERN TRUST CORP surfaced in its latest filing.

• On July 22, 2025, announced a new share repurchase program to repurchase up to $2.5 billion of common stock, with $1.9 billion of repurchase authority remaining as of December 31, 2025.July 22, 2025
• During 2023, the FDIC took control of Silicon Valley Bank, Signature Bank, and First Republic Bank.2023
• Failures in 2023 of Silicon Valley Bank, Signature Bank, and First Republic Bank and regulatory investigations into these failures resulted in increased regulatory scrutiny and heightened supervisory expectations.2023
• Rapid increases in interest rates during 2022 and 2023 adversely impacted the value of certain investment securities and consequently capital, liquidity, and earnings.2022-2023
• The Inflation Reduction Act of 2022 imposes a 1% excise tax on the fair market value of stock repurchases after December 31, 2022.December 31, 2022
• Enactment and implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS ACT) and potential enactment of the Digital Asset Market Clarity Act of 2025 (CLARITY Act) may affect clients' needs and expectations.2025