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

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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.

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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.

CHICAGO--( BUSINESS WIRE )--Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.0 trillion in assets under management as of December 31, 2022, announced today that, effective January 9, John Ceffalio has been hired as head of Municipal Client Portfolio Management, a newly created position within its global fixed income group.

Northern Trust Asset Management Names Client Portfolio Manager for Muni Team

Northern Trust Corporation (NASDAQ:NTRS ) Q4 2022 Earnings Conference Call January 19, 2023 9:00 AM ET Company Participants Michael O'Grady - Chairman, Chief Executive Officer Jason Tyler - Executive Vice President, Chief Financial Officer Jennifer Childe - Senior Vice President, Director of Investor Relations Mark Bette - Investor Relations Conference Call Participants Glenn Schorr - Evercore Betsy Graseck - Morgan Stanley Brennan Hawken - UBS Alex Blostein - Goldman Sachs Ken Usdin - Jefferies Brian Bedell - Deutsche Bank Jim Mitchell - Seaport Global Rob Wildhack - Autonomous Research Mike Mayo - Wells Fargo Securities Gerard Cassidy - RBC Capital Markets Steven Chubak - Wolfe Research Mike Brown - KBW Operator Good day and welcome to the Northern Trust Corporation fourth quarter 2022 earnings conference call. Today's conference is being recorded.

Northern Trust Corporation (NTRS) Q4 2022 Earnings Call Transcript

Dismal fee income performance and higher provisions and non-interest expenses hurt Northern Trust's (NTRS) Q4 earnings.

Northern Trust (NTRS) Down on Q4 Earnings & Revenue Miss

Northern Trust Corporation (NTRS) delivered earnings and revenue surprises of -8.84% and 13.79%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Northern Trust Corporation (NTRS) Misses Q4 Earnings and Revenue Estimates

CHICAGO--( BUSINESS WIRE )--Northern Trust Corporation has released its fourth quarter 2022 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 January 19, 2023, which is available on the SEC's website at https://www.sec.gov.

Northern Trust Corporation Reports Fourth Quarter 2022 Financial Results

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.

Analysts Estimate Northern Trust Corporation (NTRS) to Report a Decline in Earnings: What to Look Out for

Northern Trust is a well-respected provider of asset management and custody services to institutions and wealthy individuals. It has a long track record of shareholder returns through dividends and share buybacks.

Northern Trust: Quality Asset Manager On Sale

CHICAGO & LONDON--( BUSINESS WIRE )--Northern Trust, a leading global asset manager with US$1.2 trillion in assets under management, expects 2023 to be a turbulent year as conditions pivot from inflation and monetary policy fears to a weak global economy, but the firm also expects market volatility to somewhat temper due to lower inflation and a pause in central bank interest rate increases. A reduction in rates is not seen as likely.

Northern Trust 2023 Outlook: Markets and Economy Pivot from Inflation and Monetary Policy Fears to a Weak Global Economy

CHICAGO--( BUSINESS WIRE )--Northern Trust (Nasdaq: NTRS) announced today the results of its second annual Business Owner Benchmark, a survey of more than 150 business owners conducted by The Northern Trust Institute. The report, based on the survey conducted in third quarter of 2022, provides an inside view across four key themes on how business owners and entrepreneurs are deploying their wealth and what drives them as they look to the future.

Northern Trust Releases Second Annual Business Owner Benchmark

CHICAGO--( BUSINESS WIRE )--Northern Trust today announced the appointments of Steven Reydel as Head of North America Fund Accounting and Michael McMaster as Head of North America Fund Administration. Leveraging their expertise in fund accounting and fund administration, Reydel and McMaster will play a pivotal role in supporting ongoing growth in the Global Fund Services (GFS) business.

Northern Trust Makes Key Fund Accounting and Fund Administration Hires in North America Global Fund Services

CHICAGO--( BUSINESS WIRE )--Northern Trust Corporation announced today that it will webcast its fourth quarter 2022 earnings conference call live on Thursday, January 19, 2023. The webcast, the earnings press release, and related presentation materials will be accessible on Northern Trust's website.

Northern Trust Corporation to Webcast Fourth Quarter 2022 Earnings Conference Call

LONDON & FRANKFURT AM MAIN--( BUSINESS WIRE )--Northern Trust Asset Management (NTAM), one of the world's leading investment managers, continues to expand its sustainable investment solutions with the launch of two global bond ESG funds and the corresponding indices, built in partnership with German index provider Solactive.

Northern Trust Asset Management Partners With Solactive to Launch Two Global Bond ESG Climate Index Funds

CHICAGO & LONDON--( BUSINESS WIRE )--Northern Trust today announced its first global Charity Trading Day, benefiting global housing nonprofit Habitat for Humanity International, as part of the company's global philanthropy strategy.

Northern Trust Hosts Charity Trading Day to Support Habitat for Humanity International

CHICAGO & LONDON--( BUSINESS WIRE )--Northern Trust Asset Management (NTAM), a leading global investment manager with nearly $1 trillion in assets under management, released today its 2022 edition of “The Risk Report,” an aggregated global analysis of 280 institutional equity portfolios which reveals six common drivers of unintended investment results.

Northern Trust Asset Management's Risk Report Highlights Drivers of Unexpected Portfolio Results

SANTA BARBARA, Calif.--( BUSINESS WIRE )--Northern Trust has appointed Monica Safapour Market President in the Santa Barbara office, where she will lead the team in the delivery of outstanding client service and accelerate the growth of the Northern Trust Wealth Management platform.

Northern Trust Appoints Monica Safapour Market President in Santa Barbara

CHICAGO--( BUSINESS WIRE )--Northern Trust Asset Management (NTAM), consistent with its long-standing commitment to ensuring diversity and inclusion within the investment industry, has selected 16 minority-owned broker-dealers for its Minority Broker Program, an increase from 11 in 2019. Started in 2007, the program consists of firms owned by minorities, women, and disabled veterans. Participating broker-dealers are also utilized by Northern Trust Securities, Inc., NTAM's brokerage affiliate, whose growing use of the program led to the increase in firms selected.

Northern Trust Asset Management Selects Sixteen Firms for Minority Broker Program

NEW YORK--( BUSINESS WIRE )--Equity Data Science, Inc. (“EDS”), an investment process management (IPM) software provider that delivers insights and productivity tools to hedge funds and asset managers, announced today it has integrated FinX Capital Markets' global multi-asset reference data into the company's award-winning IPM solutions. This partnership expands the EDS platform to provide fundamental managers access to premium, industry-standard analytics for fixed income, derivatives and crypto. This enhanced solution will allow clients to merge all of their positions onto one platform.

Equity Data Science Integrates FinX Capital Markets Investment Data to Enhance Multi-Asset Class Analytics Capabilities

NEW YORK--( BUSINESS WIRE )--Northern Trust (Nasdaq: NTRS) and Saphyre have deployed into production automation of the account opening process for investment manager clients of Northern Trust's Investment Operations Outsourcing (IOO) business. The two firms collaborated on this innovative solution, which provides a dynamic middle-office function to increase transparency and efficiency for events including account setup, account maintenance and asset transfer requests.

Northern Trust and Saphyre Enhance Onboarding for Investment Operations Outsourcing Clients

CHICAGO--( BUSINESS WIRE )--Northern Trust Corporation announced today that Chairman and Chief Executive Officer Michael O'Grady and Chief Financial Officer Jason Tyler will participate in the Goldman Sachs 2022 US Financial Services Conference in New York City on Tuesday, December 6th, 2022, at 4:20 p.m. (ET).

Northern Trust Leaders to Participate in Goldman Sachs 2022 US Financial Services Conference on December 6th

CHICAGO & LONDON--( BUSINESS WIRE )--Northern Trust (Nasdaq: NTRS) and Equity Data Science, Inc. today announced the launch of an ESG workflow solution that will allow investors to more quickly access and share ESG information. The new ESG digitized data aggregation tool leverages data science to help increase transparency while enhancing efficiency and collaboration amongst investment teams.

Northern Trust and EDS Enhance Data Solutions for ESG Investments

SINGAPORE--( BUSINESS WIRE )--Northern Trust (Nasdaq: NTRS) has hired Alvin Chia as its head of Digital Assets Innovation for Asia Pacific.

Northern Trust Names New Asia Pacific Head of Digital Assets Innovation

BOSTON--(BUSINESS WIRE)-- #wealthmanagement--Northern Trust announced that Michael Janko joined the Foundation & Institutional Advisors (FIA) practice as a Senior Investment Advisor in Boston.

Northern Trust Strengthens Foundation & Institutional Advisors Practice in the Northeast

CHICAGO--(BUSINESS WIRE)-- #wealthmanagement--Northern Trust Named Best Private Bank in U.S., Best Bank Globally for Family Offices and Best for Innovation from Private Wealth Management.

Northern Trust Named Best Private Bank in U.S., Best Bank Globally for Family Offices and Best for Innovation

CHICAGO & LONDON--(BUSINESS WIRE)-- #ESGInvesting--Northern Trust's global survey of institutional investors offers insights into the data challenges presented by ESG investing strategies.

Northern Trust Market Study: Data Needs Top the Challenges With ESG Investing

TORONTO--(BUSINESS WIRE)-- #assetmanagement--The median pension plan in the Northern Trust Canada Universe returned 0.76% for the quarter and -14.75% year to date as of September 30, 2022.

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