secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TRUST CORP (NTRS)
CIK:        0000073124
Form:       8-K
Filed at:   2024-04-16T23:59:59+00:00
Accession:  0000073124-24-000122
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73124/000007312424000122/0000073124-24-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73124/000007312424000122/ntrs-20240416.htm
  HTML page:      https://secwatch.observer/filing/0000073124-24-000122

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