earnings
confidence high
sentiment neutral
materiality 0.70
Northern Trust Q3 net income $394.8M, EPS $1.80 flat YoY; dividend raised to $0.75
NORTHERN TRUST CORP
2022-Q3 EPS reported
$5.43
revenue$3,390,500,000
- Total revenue (FTE) $1.77B, up 7% YoY on higher net interest income (up 47%) offsetting 3% fee decline.
- Trust, investment & servicing fees fell 3% YoY to $1.08B due to market/currency headwinds.
- Net interest margin (FTE) widened to 1.58% from 0.98% a year ago on Fed rate hikes.
- Quarterly common dividend raised to $0.75 per share from $0.70.
- Assets under custody/administration $12.8T, down 19% YoY; headcount 23,100, up 11% YoY.