earnings
confidence high
sentiment positive
materiality 0.80
Northern Trust Q4 EPS $2.26 vs $0.52 YoY; revenue up 26% to $1.97B
NORTHERN TRUST CORP
2024-FY EPS reported
$9.77
revenue$8,290,400,000
- Net income $455.4M, diluted EPS $2.26; compared to $113.1M/$0.52 in Q4 2023.
- Total revenue (FTE) $1.97B, up 26% YoY, driven by fee growth (+31% noninterest income).
- Trust, investment and other servicing fees $1.22B, +12% YoY, with Asset Servicing +10% and Wealth Management +14%.
- Net interest margin 1.71%, up 12bps YoY; net interest income (FTE) $574.3M, +15% YoY.
- Return on average common equity 15.3% vs 4.0% in prior year; provision for credit losses negative $10.5M (release).