Northern Trust Earnings Reports

Northern Trust reported a net income of $455.4 million, with earnings per diluted common share of $2.26. The results reflect progress in executing the 'One Northern Trust' strategy, with substantial fee revenue growth and increased net interest income.

Northern Trust Corporation reported a net income of $464.9 million for the third quarter of 2024, with earnings per diluted common share at $2.22. The results included a $68.1 million pre-tax gain from the sale of an equity investment. Trust fees increased by 8% and net interest income grew by 21% compared to the prior-year quarter. The corporation returned over $450 million to shareholders during the quarter.

Northern Trust reported a strong second quarter with a net income of $896.1 million, or $4.34 per diluted common share. The results were significantly impacted by an $878.4 million net gain from a Visa transaction. The company also incurred $196.3 million in restructuring charges and other notable items. Trust fees grew 6% over the prior year, deposit levels proved resilient, and core expenses were well-managed.

Northern Trust Corporation reported a first quarter net income of $214.7 million, with earnings per diluted common share of $0.96. The results included a pre-tax loss on available for sale debt securities and an increase to the FDIC special assessment.

Northern Trust's Q4 2023 results showed a net income of $113.1 million, or $0.52 per diluted common share. The quarter's results were impacted by a $176.4 million pre-tax loss on available for sale debt securities and an $84.6 million pre-tax FDIC special assessment. The company focused on profitable organic growth and expense discipline.

Northern Trust Corporation reported a net income of $327.8 million for the third quarter of 2023, with earnings per diluted common share at $1.49. The results reflect the resilience of the company's business model amidst a challenging interest rate environment, with growth in trust fees and expansion of the client base.

Northern Trust Corporation reported a net income of $331.8 million for the second quarter of 2023, with earnings per diluted common share at $1.56. The results include pre-tax severance-related charges of $38.7 million and a $25.6 million pre-tax charge related to the write-off of an investment in a client capability.

Northern Trust Corporation reported a net income of $334.6 million for the first quarter of 2023, with earnings per diluted common share at $1.51. The results reflect a 2% year-over-year revenue growth and a return on common equity of 12.4%.

Northern Trust's Q4 2022 results showed a decrease in net income to $155.7 million and diluted EPS to $0.71, impacted by $266 million in charges. However, the company saw strong year-over-year growth in net interest income, offsetting lower trust fees. The company is focused on organic growth and productivity improvements.

Northern Trust reported third quarter net income of $394.8 million, with earnings per diluted common share of $1.80. Total revenue increased by 7% year-over-year, driven by the elimination of money market fee waivers and higher interest rates, offsetting market and currency-related declines in trust fees. Expenses rose by 9% due to increased headcount and inflationary pressures.

Northern Trust Corporation reported second quarter net income of $396.2 million, with earnings per diluted common share of $1.86. The company's revenue grew by 12% compared to the prior year, driven by increases in trust, investment and other servicing fees, and net interest income.

Northern Trust Corporation reported a first-quarter net income of $389.3 million, with earnings per diluted common share at $1.77. Total revenue reached $1.7 billion, reflecting a 9% increase compared to the previous year. The growth was fueled by a 10% rise in trust, investment, and other servicing fees, and a 12% increase in net interest income.

Northern Trust Corporation reported a strong fourth quarter in 2021, with net income of $406.4 million, translating to $1.91 earnings per diluted common share. This performance reflects a 9% increase in revenue compared to the previous year, driven by robust organic growth across all business segments. The corporation's return on average common equity stood at 14.5%.

Northern Trust Corporation reported a strong third quarter with net income of $395.7 million, translating to $1.80 per diluted common share. The company saw a 10% year-over-year increase in total revenue, driven by growth across all businesses. The return on average common equity was 13.7%.

Northern Trust Corporation reported a net income of $368.1 million for the second quarter of 2021, with earnings per diluted common share of $1.72. Revenue and net income grew by 5% and 18%, respectively, compared to the prior year. The results were driven by new business and favorable markets, offsetting the impact of low interest rates.

Northern Trust Corporation reported a net income of $375.1 million for the first quarter of 2021, with earnings per diluted common share at $1.70. The results reflect a 4% increase in net income and a 9% increase in diluted earnings per common share compared to the previous year, driven by growth in trust, investment, and other servicing fees.

Northern Trust Corporation reported a fourth-quarter net income of $240.9 million, which translates to $1.12 earnings per diluted common share. The results were impacted by severance-related charges, occupancy expenses, and tax expenses related to the reversal of tax benefits.

Northern Trust Corporation reported Q3 net income of $294.5 million, or $1.32 per diluted common share. Results were impacted by a $43.4 million pre-tax charge related to a corporate action processing error. Assets Under Custody and Administration reached $13.1 trillion, up 13% year-over-year, and Assets under Management reached $1.3 trillion, up 9% from the prior year.

Northern Trust Corporation reported second quarter net income of $313.3 million, with diluted earnings per share of $1.46. Revenue remained consistent with the prior year, while non-interest-related revenue increased by 4%, offsetting an 11% decline in net interest income. Expense increased 3% from the prior year.

Northern Trust Corporation reported a strong first quarter, with a focus on supporting clients, staff, and communities amidst the global pandemic. The company saw revenue growth of 7% and EPS growth of 5%, reflecting momentum from the previous year, partially offset by the pandemic's impact. The company maintained mission critical services and supported communities through loans and philanthropic efforts.

Northern Trust Corporation reported Q4 2019 net income per diluted common share of $1.70, compared to $1.80 in Q4 2018. Net income was $371.1 million, compared to $409.9 million in the prior-year quarter. The current quarter included a $20.8 million pre-tax charge related to the decision to sell substantially all of the lease portfolio and a $6.8 million pre-tax software disposition charge.