Northern Trust Q2 2021 Earnings Report
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.
Northern Trust
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Northern Trust 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.