{"schema_version":"secwatch.filing_event.v1","accession":"0000073124-24-000122","form_type":"8-K","ticker":"NTRS","cik":"0000073124","company_name":"NORTHERN TRUST CORP","filed_at":"2024-04-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.863565+00:00","generated_at":"2026-06-03T22:30:07.806715+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Northern Trust Q1 net income $214.7M ($0.96 EPS), down 36% YoY; trust fees up 7%","bullets":["Net income $214.7M vs. $334.6M in Q1 2023; diluted EPS $0.96 vs. $1.51 YoY.","Trust, investment and other servicing fees $1,142.9M, up 7% YoY on market gains and new business.","Net interest income (FTE) $535.4M, down 2% YoY; net interest margin 1.61% vs. 1.62%.","Pre-tax loss of $189.4M on sale of AFS debt securities; $12.5M pre-tax FDIC special assessment.","Total AUC/A $16.5T, up 16% YoY; AUM $1.5T, up 13% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0000073124-24-000122","json":"https://secwatch.observer/filing/0000073124-24-000122.json","markdown":"https://secwatch.observer/filing/0000073124-24-000122.md","text":"https://secwatch.observer/filing/0000073124-24-000122.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/73124/000007312424000122/0000073124-24-000122-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/73124/000007312424000122/ntrs-20240416.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T22:30:07.806715+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e9a25e64a3b2e88236804ee55e1d7156e4d4fc7e","claim":"NORTHERN TRUST CORP reported Q1 2024 results: revenue $ 1,654.1, net income $ 214.7, EPS $ 0.96.","evidence_excerpt":"FINANCIAL SUMMARY & KEY METRICS % Change Q1 2024 vs. ($ In Millions except per share data) Q1 2024 Q4 2023 Q1 2023 Q4 2023 Q1 2023 Trust, Investment and Other Servicing Fees $ 1,142.9 $ 1,090.0 $ 1,063.6 5 % 7 % Other Noninterest Income (Loss) (24.2) (27.8) 149.8 (13) N/M Net Interest Income (FTE*) 535.4 501.1 544.4 7 (2) Total Revenue (FTE*) $ 1,654.1 $ 1,563.3 $ 1,757.8 6 % (6) % Noninterest Expense $ 1,364.7 $ 1,388.5 $ 1,285.6 (2) % 6 % Provision for Credit Losses (8.5) 11.0 15.0 N/M N/M Provision for Income Taxes 75.9 32.7 109.4 133 (31) FTE Adjustment* 7.3 18.0 13.2 (59) (45) Net Income $ 214.7 $ 113.1 $ 334.6 90 % (36) % Earnings Allocated to Common and Potential Common Shares $ 196.1 $ 106.5 $ 315.2 84 % (38) % Diluted Earnings per Common Share $ 0.96 $ 0.52 $ 1.51 85 % (37) %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/73124/000007312424000122/0000073124-24-000122-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q1 2024"},{"label":"Revenue","value":"$ 1,654.1"},{"label":"Net income","value":"$ 214.7"},{"label":"EPS","value":"$ 0.96"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}