---
schema_version: "secwatch.filing_event.v1"
accession: "0000073124-23-000181"
form_type: "8-K"
ticker: "NTRS"
cik: "0000073124"
company_name: "NORTHERN TRUST CORP"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T22:12:24.296910+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000073124-23-000181
- form_type: 8-K
- ticker: NTRS
- cik: 0000073124
- company_name: NORTHERN TRUST CORP
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/73124/000007312423000181/0000073124-23-000181-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/73124/000007312423000181/ntrs-20231018.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000073124-23-000181
- JSON: https://secwatch.observer/filing/0000073124-23-000181.json
- Plain text: https://secwatch.observer/filing/0000073124-23-000181.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/73124/000007312423000181/0000073124-23-000181-index.htm

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