Northern Trust Q3 2024 Earnings Report
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
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Northern Trust Revenue by Segment
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.