earnings
confidence high
sentiment positive
materiality 0.75
Northern Trust Q2 net income $368.1M, EPS $1.72, up 18% YoY; trust fees up 12%
NORTHERN TRUST CORP
2021-Q2 EPS reported
$3.42
revenue$2,139,100,000
- Diluted EPS $1.72 vs $1.46 YoY (+18%); net income $368.1M.
- Trust, investment and other servicing fees $1.075B, up 12% YoY driven by new business and markets.
- Net interest income (FTE) $343.9M, down 9% YoY due to lower interest rates.
- Provision for credit losses negative $27M reflecting improved economic outlook.
- AUC/A $15.7T, up 30% YoY; AUM $1.54T, up 22% YoY.