secwatch.observer — SEC 8-K summary
======================================

Issuer:     NORTHERN TRUST CORP (NTRS)
CIK:        0000073124
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0000073124-23-000181
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73124/000007312423000181/0000073124-23-000181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73124/000007312423000181/ntrs-20231018.htm
  HTML page:      https://secwatch.observer/filing/0000073124-23-000181

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer