Northern Trust Corp · Q1 2021 earnings

Briefing

Northern Trust reported first quarter net income of $375.1 million and earnings per diluted common share of $1.70.

Northern Trust Corporation reported a net income of $375.1 million for the first quarter of 2021, with earnings per diluted common share at $1.70. The results reflect a 4% increase in net income and a 9% increase in diluted earnings per common share compared to the previous year, driven by growth in trust, investment, and other servicing fees.

• Trust, Investment and Other Servicing Fees were up 6% year-over-year.
• Common Equity Tier 1 Capital was 12.0%.
• Return on Average Common Equity was 13.7%.
• Revenue was consistent with the prior year, as declines in net interest income and trading related revenue were offset by a 6% increase in trust, investment and other servicing fees, primarily driven by organic growth.

Headline financials

Revenue & EPS history

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