secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TRUST CORP (NTRS)
CIK:        0000073124
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0000073124-24-000017
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 Q4 net income $113.1M ($0.52 EPS) down 65% QoQ; includes portfolio loss & FDIC charge
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73124/000007312424000017/0000073124-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73124/000007312424000017/ntrs-20240118.htm
  HTML page:      https://secwatch.observer/filing/0000073124-24-000017

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