Loading...
•
Jun 30, 2020
Northern Trust Q2 2020 Earnings Report
Reported net income of $313.3 million and earnings per diluted common share of $1.46.
Key Takeaways
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.
Net income was $313.3 million, compared to $389.4 million in the prior-year quarter.
Earnings per diluted common share were $1.46, compared to $1.75 in the second quarter of 2019.
Revenue was consistent with the prior year, with non-interest-related revenue growth offsetting a decline in net interest income.
The Board of Directors maintained the dividend of $0.70 per share for the third quarter.
Forward Guidance
This release may include statements which constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on Northern Trust’s current beliefs and expectations of future events or future results, and involve risks and uncertainties that are difficult to predict and subject to change.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...