---
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"
generated_at: "2026-06-03T22:30:07.806715+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Northern Trust Q1 net income $214.7M ($0.96 EPS), down 36% YoY; trust fees up 7%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000073124-24-000122
- JSON: https://secwatch.observer/filing/0000073124-24-000122.json
- Plain text: https://secwatch.observer/filing/0000073124-24-000122.txt

## Key facts
- Earnings Releases
  NORTHERN TRUST CORP reported Q1 2024 results: revenue $ 1,654.1, net income $ 214.7, EPS $ 0.96.
  - Period: Q1 2024
  - Revenue: $ 1,654.1
  - Net income: $ 214.7
  - EPS: $ 0.96
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/73124/000007312424000122/0000073124-24-000122-index.htm

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