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Sep 30, 2024
Northern Trust Q3 2024 Earnings Report
Northern Trust's Q3 2024 financial performance reflected continued business momentum with increased trust fees and net interest income.
Key Takeaways
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.
Net income for Q3 2024 was $464.9 million, or $2.22 per diluted common share.
Trust fees increased by 8% compared to the third quarter of 2023.
Net interest income grew by 21% compared to the prior-year quarter.
The corporation returned more than $450 million to shareholders through dividends and share repurchases.
Northern Trust
Northern Trust
Forward Guidance
Northern Trust is focused on positioning the firm for higher underlying growth and greater operational efficiency, with a strong new business pipeline entering the fourth quarter.