---
schema_version: "secwatch.filing_event.v1"
accession: "0000073124-23-000099"
form_type: "8-K"
ticker: "NTRS"
cik: "0000073124"
company_name: "NORTHERN TRUST CORP"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:30:57.850942+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Northern Trust Q1 earnings: net income $334.6M, EPS $1.51, revenue up 2% but fees down 9%

## Summary
- Net income $334.6M ($1.51 diluted EPS) vs $389.3M ($1.77) YoY; total revenue (FTE) $1.76B up 2% YoY.
- Trust, investment and other servicing fees $1.06B down 9% YoY on lower market values and asset outflows.
- Net interest income $544.4M up 40% YoY driven by higher rates; net interest margin 1.62%.
- Provision for credit losses $15M, up from $2M a year ago, primarily on commercial real estate growth.
- Return on avg common equity 12.4% (vs 14.2% YoY); CET1 ratio 11.3%; returned $259.5M to shareholders.

## SEC filing metadata
- accession: 0000073124-23-000099
- form_type: 8-K
- ticker: NTRS
- cik: 0000073124
- company_name: NORTHERN TRUST CORP
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/73124/000007312423000099/0000073124-23-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/73124/000007312423000099/ntrs-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000073124-23-000099
- JSON: https://secwatch.observer/filing/0000073124-23-000099.json
- Plain text: https://secwatch.observer/filing/0000073124-23-000099.txt

## Key facts
- Earnings Releases
  NORTHERN TRUST CORP reported three months ended March 31, 2023 results: revenue $1.7 billion, net income $334.6 million, EPS $1.51.
  - Period: three months ended March 31, 2023
  - Revenue: $1.7 billion
  - Net income: $334.6 million
  - EPS: $1.51
  - Result: reported results
  source text: NORTHERN TRUST CORPORATION REPORTS FIRST QUARTER NET INCOME OF $334.6 MILLION, EARNINGS PER DILUTED COMMON SHARE OF $1.51 Revenue of $1.7 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/73124/000007312423000099/0000073124-23-000099-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.