Richard Petrino
On January 22, 2025, the Board of Directors of Northern Trust Corporation (the “Corporation”) elected Robert Moritz and Richard Petrino as directors of the Corporation, effective March 1, 2025 and January 22, 2025, respectively.
Highest-materiality recent filing
Northern Trust shareholders elect 13 directors, approve say-on-pay and ESPP at 2026 annual meeting
All 13 director nominees elected with majority for votes; highest against was Henderson with 25.9M against.
Northern Trust Q1 net income $525.5M, EPS $2.71, up 43% YoY
Net income $525.5M ($2.71 diluted EPS) vs $392.0M ($1.90) a year ago; revenue $2.21B, +14% YoY.
CEO presents at annual meeting; slides furnished, no material new data
Michael G. O'Grady spoke at April 21, 2026 annual meeting; slides attached as Exhibit 99.1.
Northern Trust executives present at Bank of America Securities conference; slides furnished
CFO David W. Fox, Jr. and President – Asset Management Michael Hunstad presented on Feb 10, 2026.
Northern Trust Q4 net income $466M, EPS $2.42; revenue up 8% YoY
Diluted EPS of $2.42 vs $2.26 in Q4'24; net income $466.0M, up 2% YoY.
Northern Trust issues $1.25B in senior and subordinated notes
Issued $500M 4.150% Senior Notes due 2030; unsecured, senior ranking.
Northern Trust Q3 net income $457.6M, diluted EPS $2.29, up 7% QoQ and 3% YoY
Trust, investment and other servicing fees of $1,265.5M, up 6% YoY; total revenue (FTE) $2,030.9M, up 3% YoY.
Northern Trust appoints Michael Hunstad as President of Asset Management, replacing Daniel Gamba
Michael Hunstad appointed President of Northern Trust Asset Management, effective September 3, 2025.
Northern Trust authorizes $2.5B stock buyback, replacing prior program
Board approved up to $2.5B in common stock repurchases with no expiration date.
Northern Trust Q2 net income $421.3M ($2.13 EPS); ups dividend 7%, record NII
EPS $2.13 diluted, up 12% from Q1 $1.90; net income $421.3M vs $392.0M prior quarter.
Northern Trust annual meeting elects directors; board approves committee restructuring
All 13 director nominees elected; notable against votes for Susan Crown (21.8M), Jay Henderson (20.9M), and Charles Tribbett (20.8M).
Northern Trust reports Q1 net income $392M, diluted EPS $1.90, up 99% YoY; revenue up 18%
Net income $392.0M, diluted EPS $1.90 vs $0.96 YoY; total revenue (FTE) $1,945.6M, up 18% YoY.
Northern Trust CEO speaks at annual meeting; no material financial updates disclosed
CEO Michael O'Grady addressed shareholders at the 2025 Annual Meeting on April 22; replay accessible for 30 days.
Northern Trust appoints Dhandapani to Business Risk, Moritz and Petrino to Audit Committee
Chandra Dhandapani appointed to Business Risk Committee, effective Feb 19, 2025.
Northern Trust Q4 EPS $2.26 vs $0.52 YoY; revenue up 26% to $1.97B
Net income $455.4M, diluted EPS $2.26; compared to $113.1M/$0.52 in Q4 2023.
Northern Trust appoints former PwC global chairman and AmEx exec to board
Robert Moritz (former PwC global chairman) elected to Northern Trust Board, effective March 1, 2025.
Northern Trust amends by-laws to address Rule 14a-19 universal proxy requirements
Requires nominating stockholders to state whether they intend to use Universal Proxy Rules.
Northern Trust Q3 net income $464.9M, EPS $2.22; trust fees +8% YoY
Net income $464.9M ($2.22 diluted EPS) vs $327.8M ($1.49) in Q3 2023, up 42%.
Northern Trust announces five senior leadership changes effective Oct 1, 2024
Peter B. Cherecwich becomes COO (new role); Teresa Parker defers retirement to serve as President - Asset Servicing.
Northern Trust Q2 net income $896M, EPS $4.34, boosted by $878M Visa gain; trust fees up 6% YoY
Diluted EPS of $4.34 vs. $0.96 in Q1 2024 and $1.56 in Q2 2023; net income $896.1M.
Northern Trust elects Chandra Dhandapani to Board of Directors
Chandra Dhandapani elected to Northern Trust's Board effective May 29, 2024.
Northern Trust annual meeting results: all 11 directors elected, say-on-pay passed, KPMG ratified
187,173,557 shares (91.74% of common stock) voted at April 16, 2024 annual meeting.
Northern Trust Q1 net income $214.7M, EPS $0.96, down 36% YoY on $189M AFS loss
Net income $214.7M ($0.96 diluted EPS) vs $334.6M ($1.51) a year ago; revenue (FTE) $1,654.1M, down 6% YoY.
Northern Trust Q1 net income $214.7M ($0.96 EPS), down 36% YoY; trust fees up 7%
Net income $214.7M vs. $334.6M in Q1 2023; diluted EPS $0.96 vs. $1.51 YoY.
Northern Trust files annual meeting slides with no material new details
CEO Michael G. O'Grady spoke at Annual Meeting on April 16, 2024; slides furnished as Exhibit 99.1.
On January 22, 2025, the Board of Directors of Northern Trust Corporation (the “Corporation”) elected Robert Moritz and Richard Petrino as directors of the Corporation, effective March 1, 2025 and January 22, 2025, respectively.
On January 22, 2025, the Board of Directors of Northern Trust Corporation (the “Corporation”) elected Robert Moritz and Richard Petrino as directors of the Corporation, effective March 1, 2025 and January 22, 2025, respectively.
• Steven L. Fradkin, currently President – Wealth Management, will become Vice Chairman;
• Teresa A. Parker, who had most recently served as President – Europe, Middle East, and Africa, will become President –Asset Servicing;
• David W. Fox, Jr., currently President – Global Family & Private Investment Offices, will become Chief Financial Officer;
• Jason J. Tyler, currently Chief Financial Officer, will become President – Wealth Management;
• Peter B. Cherecwich, currently President – Asset Servicing, will become Chief Operating Officer;
On May 29, 2024, the Board of Directors of Northern Trust Corporation (the “Corporation”) elected Chandra Dhandapani as a director of the Corporation.
Max materiality 0.85 · Median 0.55 · Most common event earnings