Northern Trust Q3 EPS $1.49, down 17% YoY; net income $327.8M

NORTHERN TRUST CORP

2023-Q3 EPS reported $4.56 revenue$3,271,800,000

Diluted EPS $1.49 vs $1.80 in Q3 2022; net income $327.8M, down from $394.8M.
Total revenue (FTE) $1.74B, down 2% YoY; net interest income (FTE) $469.4M, down 11%.
Trust and investment fees $1.11B, up 3% YoY; assets under custody $14.16T, up 10% YoY.
Provision for credit losses $14M vs release of $15.5M in prior quarter; noninterest expense up 4%.
CET1 ratio 11.4% (standardized), up from 10.1% a year ago; returned $158.7M to shareholders.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NORTHERN TRUST CORP reported the three and nine months ended September 30, 2023 results: net income $327.8 million, EPS $1.49 per diluted common share.

Period: the three and nine months ended September 30, 2023
Net income: $327.8 million
EPS: $1.49 per diluted common share
Result: reported results

Exact text from the filing

Northern Trust Corporation today reported third quarter net income per diluted common share of $1.49, compared to $1.56 in the second quarter of 2023 and $1.80 in the third quarter of 2022. Net income was $327.8 million, compared to $331.8 million in the prior quarter and $394.8 million in the prior-year quarter.

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Source: SEC EDGAR

accession 0000073124-23-000181

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