secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TRUST CORP (NTRS)
CIK:        0000073124
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0000073124-23-000155
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73124/000007312423000155/0000073124-23-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73124/000007312423000155/ntrs-20230719.htm
  HTML page:      https://secwatch.observer/filing/0000073124-23-000155

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