Northern Trust

Northern Trust Corp. is a financial holding company, which engages in the provision of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals. It operates through the following segments: Corporate & Institutional Services and Wealth Management. The Corporate & Institutional Services Segment offers asset servicing, brokerage, banking and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies and sovereign wealth funds. The Wealth Management Segment includes trust, investment management, custody, and philanthropic services, financial consulting, guardianship and estate administration, family business consulting, family financial education, brokerage services and private and business banking. The company was founded in 1971 and is headquartered in Chicago, IL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Northern Trust reports Q4 growth amidst fee challenges and opportunities

Northern Trust's Q4 2022 showed mixed results with revenue growth but challenges in fee income.
The company is focusing on driving efficiencies and productivity to counter expense growth.
Opportunities lie in NII growth, technology investments, and potential buybacks.
Wealth management faces outflows and fee reductions but sees positive client flows.

Northern Trust reports solid Q1 earnings amidst market challenges

Northern Trust showcased strong financial performance in Q1 2023, with a focus on client needs and maintaining liquidity.
The company faces challenges in managing expenses and investment management fees but sees opportunities in client engagement and pricing strategies.
Anticipated decrease in net interest income in the second quarter highlights the need for flexibility in navigating market conditions.
Overall, Northern Trust's emphasis on stability, growth, and expense management positions it well for future opportunities.

Northern Trust reports solid Q2 results amidst market challenges

Northern Trust's Q2 performance reflects growth in key segments, disciplined expense management, and a focus on enhancing client engagement.
While facing challenges from external factors, the company is strategically positioned to drive financial ratios through organic growth and cost control.
Opportunities lie in optimizing funding strategies, managing balance sheet volatility, and navigating potential risks for sustained performance.

Northern Trust reports solid Q3 performance amidst evolving market challenges

Northern Trust's Q3 2023 earnings call highlighted solid performance in trust fees and expenses, growth in key business segments, and a focus on productivity and cost-saving measures. The company addressed challenges related to NII decline, budgeting in a changing environment, and competition.
Opportunities lie in reinvestment strategies, adapting to market dynamics, and optimizing the balance sheet for future growth. Northern Trust remains proactive in managing expenses, defending deposits, and navigating the evolving financial landscape.

Northern Trust reports solid Q4 performance and eyes organic growth

Northern Trust's Q4 performance showcased strong revenue, expense control, and positive inflows in key segments, underpinned by efficient operating practices and strategic investments.
While challenges like deposit pricing pressure and expense growth persist, the company's focus on disciplined management and scalable growth positions it well for sustainable success.
With a robust capital position, a focus on shareholder returns, and a strategic outlook for 2024, Northern Trust is poised to capitalize on organic growth opportunities and navigate market uncertainties effectively.

Northern Trust reports strong Q1 earnings, eyes growth opportunities

Northern Trust's Q1 2024 performance reflects strong financial results driven by fee-based businesses, strategic wins in Asset Servicing, and growth in Wealth Management assets under management.
While challenges in managing expenses and predicting NII persist, the company's focus on efficiency, fee operating leverage, and disciplined expense management positions it well for future growth.
Opportunities lie in investing in organic growth, enhancing operational efficiency, and leveraging fee-based revenue streams to drive sustainable profitability and navigate market uncertainties.
Overall, Northern Trust's solid financial performance, strong capital position, and focus on operational efficiency underscore its resilience and potential for long-term value creation.

Northern Trust reports robust Q2 earnings, eyes growth opportunities

Northern Trust delivered a strong second quarter performance driven by a significant pretax gain, growth in trust fees, and positive asset management results, showcasing operational excellence and strategic focus.
While maintaining strong capital levels and regulatory ratios, the company faces challenges in managing expenses and navigating interest rate fluctuations, requiring a focus on cost efficiency and risk mitigation.
With opportunities to expand Wealth Management, enhance asset servicing capabilities, and explore new markets, Northern Trust can capitalize on its strengths to drive future growth and shareholder value.

Northern Trust reports robust Q3 performance and focuses on growth

Northern Trust's Q3 2024 performance showcased strong financial metrics and operational excellence across its business segments, underlining its competitive position in the market.
While facing challenges related to expense management amidst growth initiatives, the company's strategic focus on efficiency and client relationships presents opportunities for sustained growth and value creation.
With a solid capital return to shareholders and a clear vision for the future, Northern Trust remains well-equipped to navigate market dynamics and deliver long-term shareholder value.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Northern Trust Corp. is a financial holding company, which engages in the provision of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals. It operates through the Asset Servicing and Wealth Management segments. The Asset Servicing segment offers asset servicing, brokerage, banking and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies and sovereign wealth funds. The Wealth Management Segment includes trust, investment management, custody, and philanthropic services, financial consulting, guardianship and estate administration, family business consulting, family financial education, brokerage services and private and business banking. The company was founded in 1889 and is headquartered in Chicago, IL.

While the top- and bottom-line numbers for Northern Trust Corporation (NTRS) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Northern Trust Corporation (NTRS) Q1 Earnings: A Look at Key Metrics

Earnings came in line with analyst estimates, while revenue slightly missed. The bank saw fee revenue decline on a year-over-year basis.

Why Shares of Northern Trust Are Falling Today

Northern Trust Corporation (NTRS) came out with quarterly earnings of $1.51 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.77 per share a year ago.

Northern Trust Corporation (NTRS) Q1 Earnings Meet Estimates

CHICAGO--(BUSINESS WIRE)--Northern Trust Corporation has released its first quarter 2023 financial results. Results can be found at https://www.northerntrust.com/about-us/investor-relations as well as on the corporation's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on April 25, 2023, which is available on the SEC's website at https://www.sec.gov. Webcast of First Quarter Earnings Conference Call Northern Trust's first quarter earnings conference call.

Northern Trust Corporation Reports First Quarter 2023 Financial Results

Slow loan growth and a weaker equity-market performance is likely to have affected Northern Trust's (NTRS) Q1 revenues. Also, rising expenses in technology and personnel is expected to have limited bottom-line growth.

Northern Trust (NTRS) to Report Q1 Earnings: What's in Store?

Bank of America

Bank of New York Mellon

Bank of Montreal

Citigroup

Citizens Financial Group

Cullen/Frost Bankers

Canadian Imperial Bank of Commerce

Comerica

East West Bancorp

First Horizon National

Fifth Third Bancorp

First Republic

Goldman Sachs

Huntington Bancshares

JPMorgan Chase & Co

KeyCorp

Royal Bank of Canada

Synovus Financial

State Street

U.S. Bancorp

Western Alliance Bancorporation

Zions Bancorp

It has been a rollercoaster ride for the Banks sector over the past month and a half. In this article, we take a look at some of the key metrics investors ought to be familiar with which explain a lot of the price action so far.

Allocating To Banks Preferreds In A Difficult Market

Northern Trust Corporation (NTRS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Northern Trust Corporation (NTRS) Q1 Earnings Expected to Decline

Northern Trust is a trust bank that benefits from deep asset management and custodial relationships with clients. J.P. Morgan recently upgraded the stock with a price target higher than where shares are trading now.

Northern Trust: Buy The Drop On This Undervalued Asset Manager

JPMorgan analyst Vivek Juneja on Monday upgraded Northern Trust Corp. NTRS, -0.93% to neutral from underweight, with a price target of $96.50 a share. Northern Trust should gain deposits in its wealth management business amid turmoil in the regional banking sector, Juneja said in a research note.

JPMorgan upgrades Northern Trust to neutral from underweight as trust banks hold up better than regional banks

Northern Trust's (NTRS) revenue increase due to rising interest rates and focus on expanding its client base reflects strong organic growth. Yet, investments in technology keep costs high.

Rising Revenues Aid Northern Trust (NTRS) Amid High Costs

LONDON--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) has enhanced its suite of ex-ante (forward-looking) risk analytics services through the release of its new Market Risk Monitor solution. The service provides institutional investor clients such as pension funds with an extensive library of key risk indicators including stress tests, sensitivity shocks and value-at-risk measures, all available via RADARTM, Northern Trust's digital dashboard for investment analytics.

Northern Trust Launches Market Risk Monitor

Appian

Collaboration with Appian will Digitize Events Across the NAV Production Lifecycle MCLEAN, Va. , March 30, 2023 /PRNewswire/ -- Northern Trust (Nasdaq: NTRS) is enhancing the net asset value (NAV) workflow communications between private capital fund managers and Northern Trust through a collaboration with Appian (Nasdaq: APPN), a leading provider of low-code process automation solutions.

Northern Trust Enhances Digital Workflow Experience for Private Capital Fund Managers

AMSTERDAM--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) today announced it has been appointed by Dutch pension scheme, Stichting Pensioenfonds Openbare Bibliotheken (POB), to provide global custody and compliance monitoring services. Established in 1957, POB is a public sector defined benefit (DB) pension scheme dedicated to the library sector in the Netherlands with approximately 25,000 members and EUR2.3 billion (approximately US$2.

Northern Trust Appointed Custodian for 2.3 Billion Euro Stichting Pensioenfonds Openbare Bibliotheken

CHICAGO--(BUSINESS WIRE)--Northern Trust Corporation announced today that it will webcast its first quarter 2023 earnings conference call live on Tuesday, April 25, 2023. The webcast, the earnings press release, and related presentation materials will be accessible on Northern Trust's website. The call will be conducted at 8:00 a.m. (CT), following the release that morning of Northern Trust's first quarter 2023 earnings press release.

Northern Trust Corporation to Webcast First Quarter 2023 Earnings Conference Call

Voya Financial

NEW YORK--(BUSINESS WIRE)---- $VOYA--Voya Financial, Inc. (NYSE: VOYA), announced today that Stephen “Biff” Bowman and Hikmet Ersek have been elected to the company's board of directors, effective today. Bowman was most recently chief financial officer of Northern Trust Corporation (NASDAQ: NTRS), a leading provider of wealth management, asset servicing, asset management and banking.

Stephen Bowman and Hikmet Ersek join Voya Financial board of directors

Signature Bank

SVB Financial Group

High levels of uninsured deposits helped do in Silicon Valley Bank and Signature Bank. But it turns out they're not alone.

Report: 10 Banks Are Most Exposed To Uninsured Deposits

SVB's epic two-day collapse has caused terror in financial markets and sent bonds on their 5th best two-day run in history. The Treasury, FDIC, and Fed have now created a plan to backstop all US deposits at FDIC-insured banks. The risk of a GFC level collapse has fallen to basically zero.

Profit From The SVB Crisis With 3 High-Yield Blue-Chip Bank Bargains

CHICAGO & LONDON--(BUSINESS WIRE)-- #assetmanagement--Northern Trust (Nasdaq: NTRS) today announced that UK-based asset manager Redwheel is now using its data aggregation tool, developed by its strategic partner, Equity Data Science, Inc., to enhance ESG integration across its investment business. Founded in 2000 and formerly known as RWC Partners, Redwheel currently manages approximately US$19 billion for its clients.

Northern Trust and EDS announce new collaboration with UK-based asset manager Redwheel

DENVER--(BUSINESS WIRE)-- #wealthmanagement--Northern Trust has appointed Beth Opperman President of Southwest and Rocky Mountain regions, to lead teams in Arizona, Colorado, Nevada and Texas.

Northern Trust Appoints Beth Opperman Southwest and Rocky Mountain Regions President

CHICAGO--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) donated more than $165 million over the past decade to non-profit organizations, including more than $19 million in 2022 to organizations working to provide food security, affordable housing, accessible healthcare and quality education. Additionally, Northern Trust employees have provided more than 1 million hours of volunteer service over the past decade.

Northern Trust Releases 2022 Philanthropic Impact Report

LONDON & COPENHAGEN--(BUSINESS WIRE)--As part of its continuing Whole Office™ strategy to serve client needs across the entire investment lifecycle, Northern Trust (Nasdaq: NTRS) has reached an agreement with SimCorp®, a leading provider of Software as a Service (SaaS) investment management solutions, to enable integration for efficient data exchange for clients using the SimCorp Dimension® platform.

Northern Trust to Offer Integration with SimCorp as Part of its Whole Office™ Strategy

CHICAGO--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today that Daniel Gamba will serve as Northern Trust's new President of Asset Management (NTAM), effective April 3. He will join Northern Trust's Management Group and report to Chief Executive Officer Michael O'Grady. Gamba joins Northern Trust from BlackRock, Inc.

Northern Trust Announces New President of Asset Management Business

LONDON--( BUSINESS WIRE )--Northern Trust Asset Management (NTAM), one of the world's leading investment managers, continues to expand its sustainable index investment solutions with the launch of the World Natural Capital Paris-Aligned Index strategy.

Northern Trust Asset Management Launches Natural Capital Paris-Aligned Strategy

CHICAGO--( BUSINESS WIRE )--After a volatile year, global markets ended the fourth quarter of 2022 with gains in both global equity and bond markets, driven by investor optimism that inflation was plateauing and monetary policy tightening would slow in 2023. The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was 4.9% for the quarter ending December 31, 2022, while the one-year median return was -12.7%.

Northern Trust Universe Data: Institutional Plans Post Solid Gains in Q4 to End Volatile 2022

TORONTO--( BUSINESS WIRE )--Canadian Pension plan investment returns advanced during the quarter, however the volatility plaguing markets in prior quarters resulted in a double-digit decline in returns for the year, according to the Northern Trust Canada Universe. The median Canadian Pension Plan returned 2.8 percent for the quarter and -12.8 percent year to date.

News for Northern Trust Stock (NTRS)