earnings
confidence high
sentiment positive
materiality 0.70
Northern Trust Q1 net income $389.3M, EPS $1.77; revenue up 9% YoY
NORTHERN TRUST CORP
2022-Q1 EPS reported
$1.77
revenue$1,168,400,000
- Diluted EPS $1.77 vs $1.70 YoY; net income $389.3M vs $375.1M YoY.
- Total revenue (FTE) $1.725B, up 9% YoY driven by 10% higher trust fees and 12% higher NII.
- Trust, investment and other servicing fees $1.168B, up 10% YoY; NII (FTE) $387.7M.
- Return on average common equity 14.2%; Common Equity Tier 1 capital 11.4%.
- Returned $181.6M to common shareholders via dividends and share repurchases in Q1.