Northern Trust Q4 2022 Earnings Report
Key Takeaways
Northern Trust's Q4 2022 results showed a decrease in net income to $155.7 million and diluted EPS to $0.71, impacted by $266 million in charges. However, the company saw strong year-over-year growth in net interest income, offsetting lower trust fees. The company is focused on organic growth and productivity improvements.
Net income for the fourth quarter was $155.7 million, or $0.71 per diluted common share.
Results included $266 million in charges related to securities portfolio repositioning and cost optimization.
Net interest income experienced strong year-over-year growth, offsetting lower trust fees.
The company is focused on driving organic growth and improving productivity.
Northern Trust
Northern Trust
Northern Trust Revenue by Segment
Forward Guidance
Northern Trust is focused on driving organic growth, improving productivity, and further strengthening its foundation.