secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TRUST CORP (NTRS)
CIK:        0000073124
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0000073124-24-000203
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northern Trust Q2 net income $896M, EPS $4.34, boosted by $878M Visa gain; trust fees up 6% YoY
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- Diluted EPS of $4.34 vs. $0.96 in Q1 2024 and $1.56 in Q2 2023; net income $896.1M.
- Includes $878.4M pre-tax net gain from Visa transaction and $196.3M in restructuring charges and notable items.
- Trust, investment and other servicing fees rose 6% YoY to $1.166B; net interest income (FTE) $529.8M.
- CET1 ratio (standardized) improved to 12.6% from 11.4% in Q1; dividend unchanged at $0.75/share.
- Assets under custody/administration reached $16.57T, up 14% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73124/000007312424000203/0000073124-24-000203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73124/000007312424000203/ntrs-20240717.htm
  HTML page:      https://secwatch.observer/filing/0000073124-24-000203

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