secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TRUST CORP (NTRS)
CIK:        0000073124
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000073124-24-000251
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 Q3 net income $464.9M, EPS $2.22; trust fees +8% YoY
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- Net income $464.9M ($2.22 diluted EPS) vs $327.8M ($1.49) in Q3 2023, up 42%.
- Trust, investment and servicing fees rose 8% YoY to $1,196.6M on favorable markets and new business.
- Net interest income (FTE) grew 21% YoY to $569.4M; net interest margin expanded 23 bps to 1.68%.
- Assets under custody/administration hit $17.4T (+23% YoY); AUM $1.62T (+22% YoY).
- Recorded $68.1M pre-tax gain on sale of equity investment, partially offset by Visa Class B swap expenses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73124/000007312424000251/0000073124-24-000251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73124/000007312424000251/ntrs-20241023.htm
  HTML page:      https://secwatch.observer/filing/0000073124-24-000251

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