earnings
confidence high
sentiment positive
materiality 0.80
Northern Trust posts Q3 net income of $395.7M, EPS $1.80, revenue up 10% YoY
NORTHERN TRUST CORP
2021-Q3 EPS reported
$5.22
revenue$3,250,100,000
- Net income $395.7M, diluted EPS $1.80 vs $1.32 in Q3 2020, up 34% and 37% respectively.
- Total revenue (FTE) $1,644.5M, up 10% YoY; trust/investment servicing fees +11% to $1,111M.
- Return on avg common equity 13.7%; CET1 11.9%; returned $248M to common shareholders.
- Net interest income (FTE) $357.1M, up 6% YoY; net interest margin 0.98%.
- Provision for credit losses was a benefit of $13M (release) vs $0.5M charge a year ago.