secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TRUST CORP (NTRS)
CIK:        0000073124
Form:       8-K
Filed at:   2021-10-20T23:59:59+00:00
Accession:  0000073124-21-000268
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northern Trust posts Q3 net income of $395.7M, EPS $1.80, revenue up 10% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73124/000007312421000268/0000073124-21-000268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73124/000007312421000268/ntrs-20211020.htm
  HTML page:      https://secwatch.observer/filing/0000073124-21-000268

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer