Northern Trust Q2 2022 Earnings Report

Northern Trust reported a solid second quarter financial performance with revenue growth of 12% and earnings per share growth of 8%, both compared to the prior year.

Key Takeaways

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.

Net income was $396.2 million, compared to $389.3 million in the prior quarter and $368.1 million in the prior-year quarter.

Earnings per diluted common share were $1.86, compared to $1.77 in the first quarter of 2022 and $1.72 in the second quarter of 2021.

Total revenue reached $1.8 billion, reflecting a 12% increase compared to the prior year.

Return on average common equity was 15.7%.

Total Revenue

$1.77B

Previous year: $1.58B