NASDAQ$NTRS

Northern Trust Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter net income with revenue increase driven by trust, investment, and servicing fees, alongside net interest income growth.

Northern Trust Corporation reported a first-quarter net income of $389.3 million, with earnings per diluted common share at $1.77. Total revenue reached $1.7 billion, reflecting a 9% increase compared to the previous year. The growth was fueled by a 10% rise in trust, investment, and other servicing fees, and a 12% increase in net interest income.

  • Net income was $389.3 million, up from $375.1 million in the prior-year quarter.
  • Revenue increased by 9% year-over-year, driven by growth in trust, investment and servicing fees, and net interest income.
  • Return on average common equity was 14.2%.
  • Expense grew 8% compared to the prior year due to business growth, investment, and inflationary pressures.

Headline financials

Total Revenue

$1.72B

Previous: $1.58B+8.5%
EPS (adj)

$1.77

Previous: $1.70+4.1%
Return on Average Common Equity

14.2%

Previous: 13.7%+3.6%
Capital Expenditures

-$25.8M

Previous: -$10.7M-141.1%
Free Cash Flow

$364M

Previous: $364M-0.2%
Net Income

$389M

Previous: $375M+3.8%
Operating Income

$1.41B

Previous: $1.3B+8.6%
Gross Profit

$1.71B

Previous: $1.56B+10.0%
Cash & Equivalents

$6.59B

Previous: $9.73B-32.2%
Total Assets

$173B

Previous: $164B+5.3%

Revenue & EPS history

Northern Trust · Revenue · Quarterly

$1.72B

Q1 2022+8.5%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Northern Trust · $1.17B total across 2 segments · Q1 2022

  • Asset Servicing
    $662M+6.8%
  • Wealth Management
    $506M+14.2%

Forward guidance

This release may include statements which constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.5%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+1.7%

Avg return

30 days after

48%

35 / 73 earnings

Positive

+11.0%

Q2 2023

Best reaction

-11.9%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+4.0%+3.2%+5.1%
Q1 2026+0.6%+3.2%+5.1%
Q3 2025-2.4%-1.8%-1.1%
Q2 2025+2.0%+1.1%+2.7%
Q1 2025+3.0%+5.5%+22.6%
Q4 2024+2.0%+4.7%+5.2%
Q3 2024+7.3%+6.4%+14.3%
Q2 2024-5.0%-4.0%-3.9%
Q1 2024-3.0%-2.7%+2.3%
Q4 2023-2.2%-2.0%-3.6%
Q3 2023-7.2%-9.1%+6.8%
Q2 2023+11.0%+11.0%+7.0%
Q1 2023-11.2%-9.3%-16.7%
Q4 2022-5.7%-4.2%-2.3%
Q3 2022-11.9%-8.7%+5.4%
Q2 2022-3.7%-3.6%-0.7%
Q1 2022+1.9%-2.6%+3.8%
Q4 2021-9.5%-8.3%-5.8%
Q3 2021+3.1%+1.6%-0.7%
Q2 2021-0.9%+0.6%+2.5%
Q1 2021+0.5%+3.1%+11.2%
Q4 2020-0.2%-1.3%+1.6%
Q3 2020+0.0%-4.1%+6.6%
Q2 2020-2.9%-4.0%+2.4%
Q1 2020-4.0%-2.4%-6.8%
Q4 2019-4.1%-9.3%-6.1%
Q3 2019+2.9%+5.1%+9.9%
Q2 2019+4.2%+4.2%-10.8%
Q1 2019+6.4%+6.4%-1.9%
Q4 2018-1.3%+0.4%+2.3%
Q3 2018-6.3%-7.5%-1.8%
Q2 2018+2.6%+4.9%+1.9%
Q1 2018+1.4%+2.6%+3.6%
Q4 2017-1.8%+0.0%-0.3%
Q3 2017+4.3%+4.7%+3.3%
Q2 2017-10.1%-9.7%-9.7%
Q1 2017+2.6%+0.7%-1.2%
Q4 2016-5.3%-6.2%-1.1%
Q3 2016+0.0%+0.0%+14.9%
Q2 2016-0.6%+0.0%+2.2%
Q1 2016+5.8%
Q4 2015-7.7%
Q3 2015-2.1%
Q2 2015-0.1%
Q1 2015+5.2%
Q4 2014+8.9%
Q3 2014-4.0%
Q2 2014-0.2%
Q1 2014-3.6%
Q4 2013+3.3%
Q3 2013+3.7%
Q2 2013-2.7%
Q1 2013-2.0%
Q4 2012-5.2%
Q3 2012+1.7%
Q2 2012-2.3%
Q1 2012+2.4%
Q4 2011+1.3%
Q3 2011-4.6%
Q2 2011+0.3%
Q1 2011+1.1%
Q4 2010-1.1%
Q3 2010-1.1%
Q2 2010+1.2%
Q1 2009-1.3%
Q1 2010+3.6%
Q4 2009+0.6%
Q4 2007+0.6%
Q4 2008+0.6%
Q3 2008-1.2%
Q3 2009-1.2%
Q2 2008+2.3%
Q2 2009+2.3%

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