secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TRUST CORP (NTRS)
CIK:        0000073124
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0000073124-23-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northern Trust Q4 net income $155.7M, EPS $0.71; includes $213M securities loss
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73124/000007312423000018/0000073124-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73124/000007312423000018/ntrs-20230119.htm
  HTML page:      https://secwatch.observer/filing/0000073124-23-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer