Northern Trust Q4 net income $113.1M ($0.52 EPS) down 65% QoQ; includes portfolio loss & FDIC charge

NORTHERN TRUST CORP

2023-FY EPS reported $5.08 revenue$6,773,500,000

Diluted EPS $0.52 vs $1.49 in Q3 and $0.71 in Q4 2022; net income $113.1M.
Includes $176.4M pre-tax loss on AFS securities sold (portfolio repositioning) and $84.6M FDIC special assessment.
Trust, investment & other servicing fees $1.09B, down 2% QoQ, up 5% YoY; AUM $1.43T (+15% YoY).
Net interest income (FTE) $501.1M, up 7% QoQ, down 9% YoY; NIM 1.59% vs 1.45% prior quarter.
Noninterest expense $1.39B, up 9% QoQ; returned $302.4M to shareholders through dividends and buybacks.

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 three and twelve months ended December 31, 2023 results: net income $113.1 million, EPS $0.52.

Period: three and twelve months ended December 31, 2023
Net income: $113.1 million
EPS: $0.52
Result: reported results

Exact text from the filing

Northern Trust Corporation today reported fourth quarter net income per diluted common share of $0.52, compared to $1.49 in the third quarter of 2023 and $0.71 in the fourth quarter of 2022. Net income was $113.1 million, compared to $327.8 million in the prior quarter and $155.7 million in the prior-year quarter.

View on SEC.gov

Browse all earnings releases →

NORTHERN TRUST CORP filing history →

Source: SEC EDGAR

accession 0000073124-24-000017

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.