Loading...
•
Dec 31, 2023
Northern Trust Q4 2023 Earnings Report
Northern Trust reported a net income of $113.1 million for Q4 2023, with earnings per diluted common share at $0.52.
Key Takeaways
Northern Trust's Q4 2023 results showed a net income of $113.1 million, or $0.52 per diluted common share. The quarter's results were impacted by a $176.4 million pre-tax loss on available for sale debt securities and an $84.6 million pre-tax FDIC special assessment. The company focused on profitable organic growth and expense discipline.
Trust fee growth accelerated compared to the prior year.
Average deposit levels proved resilient.
Credit quality remained strong.
Over $300 million in capital was returned to shareholders.
Forward Guidance
Northern Trust is focused on accelerating profitable organic growth, maintaining expense discipline, and driving greater resiliency and efficiency in its operating model to create sustained long-term shareholder value.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...