---
schema_version: "secwatch.filing_event.v1"
accession: "0000073124-24-000132"
form_type: "8-K/A"
ticker: "NTRS"
cik: "0000073124"
company_name: "NORTHERN TRUST CORP"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:56:33.582629+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, EPS $0.96, down 36% YoY on $189M AFS loss

## Summary
- Net income $214.7M ($0.96 diluted EPS) vs $334.6M ($1.51) a year ago; revenue (FTE) $1,654.1M, down 6% YoY.
- Trust fees $1,142.9M, up 7% YoY, driven by favorable markets and asset inflows; AUM $1.50T, up 13% YoY.
- Noninterest expense $1,364.7M, up 6% YoY; includes $12.5M FDIC special assessment.
- Net interest income (FTE) $535.4M, down 2% YoY; net interest margin 1.61% vs 1.62%.
- Pre-tax loss of $189.4M on AFS debt securities sold in portfolio repositioning; provision benefit of $8.5M.

## SEC filing metadata
- accession: 0000073124-24-000132
- form_type: 8-K/A
- ticker: NTRS
- cik: 0000073124
- company_name: NORTHERN TRUST CORP
- filed_at: 2024-04-17T23:59:59+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/73124/000007312424000132/0000073124-24-000132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/73124/000007312424000132/ntrs-20240416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000073124-24-000132
- JSON: https://secwatch.observer/filing/0000073124-24-000132.json
- Plain text: https://secwatch.observer/filing/0000073124-24-000132.txt

## Key facts
- Earnings Releases
  NORTHERN TRUST CORP reported the three months ended March 31, 2024 results: revenue $1,654.1 million, net income $214.7 million, EPS $0.96.
  - Period: the three months ended March 31, 2024
  - Revenue: $1,654.1 million
  - Net income: $214.7 million
  - EPS: $0.96
  - Result: reported results
  source text: Northern Trust Corporation today reported first quarter net income per diluted common share of $0.96, compared to $0.52 in the fourth quarter of 2023 and $1.51 in the first quarter of 2023. Net income was $214.7 million, compared to $113.1 million in the prior quarter and $334.6 million in the prior-year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/73124/000007312424000132/0000073124-24-000132-index.htm

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