secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TRUST CORP (NTRS)
CIK:        0000073124
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0000073124-22-000201
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northern Trust Q3 net income $394.8M, EPS $1.80 flat YoY; dividend raised to $0.75
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73124/000007312422000201/0000073124-22-000201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73124/000007312422000201/ntrs-20221019.htm
  HTML page:      https://secwatch.observer/filing/0000073124-22-000201

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