earnings
confidence high
sentiment positive
materiality 0.80
Northern Trust Q2 net income $396.2M, EPS $1.86, revenue +12% YoY, dividend raised 7%
NORTHERN TRUST CORP
2022-Q2 EPS reported
$3.63
revenue$2,311,800,000
- Diluted EPS $1.86 vs $1.72 YoY (+8%); net income $396.2M up from $368.1M.
- Total revenue (FTE) $1,779.8M, +12% YoY; trust fees +6%, net interest income +37%.
- Dividend increased 7% to $0.75/share for Q3; ROACE 15.7%.
- Assets under custody/administration $13.7T, down 13% YoY on market declines.
- CET1 ratio 10.5% (Standardized), down from 11.4% in Q1; effective tax rate 26.7%.