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 Q2 net income $792M, EPS $4.23 vs $2.13 YoY; dividend raised 10%
Net income $792.2M, diluted EPS $4.23 vs $2.71 Q1 and $2.13 Q2 2025; revenue (FTE) $2.7B, up 35% YoY.
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.
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 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 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 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 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 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 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 subsidiary convicted in French tax fraud case; appeal stays fine and liability
NTFS, indirect subsidiary, convicted of complicity in estate tax fraud on March 5, 2024 by French appellate court.
Northern Trust Q4 net income $113.1M ($0.52 EPS) down 65% QoQ; includes portfolio loss & FDIC charge
Diluted EPS $0.52 vs $1.49 in Q3 and $0.71 in Q4 2022; net income $113.1M.
Northern Trust Q3 EPS $1.49, down 17% YoY; net income $327.8M
Diluted EPS $1.49 vs $1.80 in Q3 2022; net income $327.8M, down from $394.8M.
Northern Trust Q2 net income $331.8M ($1.56 EPS) down 16% YoY; revenue flat
Diluted EPS of $1.56 vs $1.86 YoY; net income fell 16% to $331.8M from $396.2M.
Northern Trust Q1 earnings: net income $334.6M, EPS $1.51, revenue up 2% but fees down 9%
Net income $334.6M ($1.51 diluted EPS) vs $389.3M ($1.77) YoY; total revenue (FTE) $1.76B up 2% YoY.
Northern Trust Q4 net income $155.7M, EPS $0.71; includes $213M securities loss
Net income $155.7M ($0.71 diluted EPS) vs $394.8M ($1.80) in Q3 and $406.4M ($1.91) in Q4 2021.
Northern Trust Q3 net income $394.8M, EPS $1.80 flat YoY; dividend raised to $0.75
Total revenue (FTE) $1.77B, up 7% YoY on higher net interest income (up 47%) offsetting 3% fee decline.
Northern Trust Q2 net income $396.2M, EPS $1.86, revenue +12% YoY, dividend raised 7%
Diluted EPS $1.86 vs $1.72 YoY (+8%); net income $396.2M up from $368.1M.
Northern Trust Asset Management President Shundrawn Thomas resigns effective June 1, 2022
Shundrawn Thomas, President of Northern Trust Asset Management, steps down on June 1, 2022, to co-found a diverse-owned firm providing debt/equity solutions.
Northern Trust Q1 net income $389.3M, EPS $1.77; revenue up 9% YoY
Diluted EPS $1.77 vs $1.70 YoY; net income $389.3M vs $375.1M YoY.
Northern Trust Q4 net income $406.4M, EPS $1.91; revenue up 9% YoY
Diluted EPS of $1.91 vs $1.12 in Q4 2020 and $1.80 in Q3 2021.
Northern Trust posts Q3 net income of $395.7M, EPS $1.80, revenue up 10% YoY
Net income $395.7M, diluted EPS $1.80 vs $1.32 in Q3 2020, up 34% and 37% respectively.
Northern Trust Q2 net income $368.1M, EPS $1.72, up 18% YoY; trust fees up 12%
Diluted EPS $1.72 vs $1.46 YoY (+18%); net income $368.1M.
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.
Mr. Landers will assume the role of Controller from Lauren E. Allnutt, who will serve as Chief Audit Executive.
On December 6, 2023, the Board of Directors (the “Board”) of Northern Trust Corporation (the “Corporation”) elected John P. Landers to serve as Controller of the Corporation, effective that day.
Shundrawn A. Thomas, Executive Vice President and President—Asset Management, will be resigning from that position effective June 1, 2022 in order to pursue an outside entrepreneurial opportunity.
Max materiality 0.85 · Median 0.60 · Most common event earnings