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Jun 30, 2021
Northern Trust Q2 2021 Earnings Report
Northern Trust's performance reflected strong momentum across all businesses, with revenue and net income growing, driven by new business and favorable markets.
Key Takeaways
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.
Revenue and net income increased by 5% and 18%, respectively, compared to the prior year.
Trust, investment and other servicing fees grew 12% year-over-year.
Return on average common equity was 13.7%.
The current quarter included a $17.6 million pre-tax pension settlement charge.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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