---
schema_version: "secwatch.filing_event.v1"
accession: "0000073124-23-000155"
form_type: "8-K"
ticker: "NTRS"
cik: "0000073124"
company_name: "NORTHERN TRUST CORP"
filed_at: "2023-07-19T23:59:59+00:00"
generated_at: "2026-06-13T06:42:02.455173+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Northern Trust Q2 net income $331.8M ($1.56 EPS) down 16% YoY; revenue flat

## Summary
- Diluted EPS of $1.56 vs $1.86 YoY; net income fell 16% to $331.8M from $396.2M.
- Trust fees of $1,096M (-4% YoY); net interest income $525M (+12% YoY).
- Noninterest expense $1,332M (+9% YoY) includes $38.7M severance and $25.6M write-off.
- AUC/A $14.48T (+5% YoY); AUM $1.37T (+5% YoY); return on common equity 12.4%.
- Repurchased 1.36M shares at $72.91 avg; capital ratios strong (CET1 11.3%).

## SEC filing metadata
- accession: 0000073124-23-000155
- form_type: 8-K
- ticker: NTRS
- cik: 0000073124
- company_name: NORTHERN TRUST CORP
- filed_at: 2023-07-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/73124/000007312423000155/0000073124-23-000155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/73124/000007312423000155/ntrs-20230719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000073124-23-000155
- JSON: https://secwatch.observer/filing/0000073124-23-000155.json
- Plain text: https://secwatch.observer/filing/0000073124-23-000155.txt

## Key facts
- Earnings Releases
  NORTHERN TRUST CORP reported second quarter 2023 results: revenue $1,770.2, net income $331.8 million, EPS $1.56.
  - Period: second quarter 2023
  - Revenue: $1,770.2
  - Net income: $331.8 million
  - EPS: $1.56
  - Result: reported results
  source text: Fees $ 1,096.3 $ 1,063.6 $ 1,143.4 3 % (4) % Other Noninterest Income (Loss) 149.3 149.8 166.6 — (10) Net Interest Income (FTE*) 524.6 544.4 469.8 (4) 12 Total Revenue (FTE*) $ 1,770.2 $ 1,757.8 $ 1,779.8 1 % (1) % Noninterest Expense $ 1,331.9 $ 1,285.6 $ 1,223.6 4 % 9 % (Release of) Provision for Credit Losses (15.5) 15.0 4.5 N/M N/M Provision for Income Taxes
  evidence_url: https://www.sec.gov/Archives/edgar/data/73124/000007312423000155/0000073124-23-000155-index.htm

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