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Dec 31, 2019
Northern Trust Q4 2019 Earnings Report
Northern Trust's Q4 2019 earnings were reported, with a diluted EPS of $1.70 and a return on average common equity of 14.8%.
Key Takeaways
Northern Trust Corporation reported Q4 2019 net income per diluted common share of $1.70, compared to $1.80 in Q4 2018. Net income was $371.1 million, compared to $409.9 million in the prior-year quarter. The current quarter included a $20.8 million pre-tax charge related to the decision to sell substantially all of the lease portfolio and a $6.8 million pre-tax software disposition charge.
Generated year-over-year revenue growth of 3%.
Return on average common equity of 14.8%.
Assets under Custody and Administration ended the year at $12.1 trillion, up 19% from the prior year.
Assets under Management ended the year at $1.2 trillion, up 15% from the prior year.
Forward Guidance
As we enter 2020, we remain focused on providing our clients with exceptional service and expertise, driving efficiencies in our business, and investing for future growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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