earnings
confidence high
sentiment negative
materiality 0.85
Northern Trust Q4 net income $155.7M, EPS $0.71; includes $213M securities loss
NORTHERN TRUST CORP
2022-FY EPS reported
$6.14
revenue$6,761,200,000
- Net income $155.7M ($0.71 diluted EPS) vs $394.8M ($1.80) in Q3 and $406.4M ($1.91) in Q4 2021.
- Total revenue (FTE) $1,534.5M, down 8% YoY; trust fees down 6% to $1,042.1M.
- Net interest income (FTE) $550.0M, up 48% YoY; net interest margin 1.63% (up 64 bps YoY).
- Pre-tax charges: $213M AFS security loss, $32M severance, $14M occupancy, $6.8M pension settlement.
- Assets under custody/administration $13.6T, down 16% YoY; AUM $1.25T, down 22% YoY.