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Dec 31, 2020
Northern Trust Q4 2020 Earnings Report
Northern Trust reported Q4 2020 net income of $240.9 million.
Key Takeaways
Northern Trust Corporation reported a fourth-quarter net income of $240.9 million, which translates to $1.12 earnings per diluted common share. The results were impacted by severance-related charges, occupancy expenses, and tax expenses related to the reversal of tax benefits.
Net income was $240.9 million, compared to $371.1 million in the prior-year quarter.
Earnings per diluted common share were $1.12, compared to $1.70 in the fourth quarter of 2019.
Total revenue was $1,532.6 million (FTE*).
Assets under custody/administration reached $14.5 trillion.
Northern Trust
Northern Trust
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.