trending Market Intelligence /marketintelligence/en/news-insights/trending/3H4JOS5MnaSvaNhE5jzsNw2 content esgSubNav
In This List

Northern Trust reports higher Q3 EPS

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition


Northern Trust reports higher Q3 EPS

Northern Trust Corp. reported third quarter earnings allocated to common and potential common shares of $362.7 million, or $1.69 per share, up from $353.1 million, or $1.58 per share, in the year-ago period.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the quarter was $1.64.

Northern Trust reported total revenues of $1.55 billion in the third quarter, a 4% increase from $1.48 billion in the same period last year. Total consolidated trust, investment and other services fees posted a 4% increase to $975.5 million from $939.2 million, while other noninterest income increased 14% to $144.7 million from $126.9 million, and net interest income increased 2% to $425.3 million from $418.5 million.

Corporate and institutional services trust, investment and other servicing fees posted a 3% increase to $559.9 million from $541.0 million, and wealth management revenues posted a 4% increase to $415.6 million from $398.2 million. Northern Trust attributed the increases to new business activities and favorable markets, partially offset by negative impacts of foreign exchange rates.

Total assets under custody and administration for the quarter stood at $11.565 trillion, compared with $11.322 trillion in the previous quarter and $10.829 trillion in the year-ago period.