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First Citizens Bancshares vs Northern Trust: FCNCA and NTRS compared
First Citizens Bancshares is the larger company: $2.4B of revenue in its latest quarter (Q3 2026) against $2.3B for Northern Trust (Q3 2026). Northern Trust is growing faster (+13% against 0% a year earlier). Northern Trust is more profitable, with an operating margin of 34.7% against 33.1%.
Where the money goes: FCNCA and NTRS
First Citizens Bancshares (FCNCA) · Q3 2026
First Citizens Bancshares, Q3 2026: revenue $2.4B (0% year over year), operating margin 33.1%, net earnings $606M, operating cash flow $902M. The chart follows the revenue to costs, profit and cash.
Northern Trust (NTRS) · Q3 2026
Northern Trust, Q3 2026: revenue $2.3B (+13% year over year), operating margin 34.7%, net earnings $643M, operating cash flow $1.8B. The chart follows the revenue to costs, profit and cash.
| First Citizens Bancshares (FCNCA) | Northern Trust (NTRS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.4B | $2.3B |
| Revenue growth, Y/Y | 0% | +13% |
| Operating margin | 33.1% | 34.7% |
| Net earnings | $606M | $643M |
| Net margin | 24.9% | 28.0% |
| Operating cash flow | $902M | $1.8B |
| Free cash flow | $689M | $1.8B |
| Market value | $25.6B | $31.9B |
| P/E | 10.7× | 13.1× |
| Analysts’ mean target | $2519.23 | $181.68 |
Where the revenue comes from
Northern Trust
- Other revenues: $921M (40%)
- Investment Management and Advisory: $736M (32%)
- Custody and Fund Administration: $547M (24%)
- Other: $61.2M (3%)
Questions
Which is bigger, First Citizens Bancshares or Northern Trust?
First Citizens Bancshares is the larger company: $2.4B of revenue in its latest quarter (Q3 2026) against $2.3B for Northern Trust (Q3 2026).
Is First Citizens Bancshares or Northern Trust growing faster?
Northern Trust is growing faster (+13% against 0% a year earlier).
Which is more profitable, First Citizens Bancshares or Northern Trust?
Northern Trust is more profitable, with an operating margin of 34.7% against 33.1%.
More: First Citizens Bancshares earnings · how First Citizens Bancshares makes money · Northern Trust earnings · how Northern Trust makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.