NASDAQ$NTRS
Northern Trust Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Northern Trust's third quarter results showcased resilience amidst a challenging interest rate cycle, with growth in trust fees, client base expansion, progress in productivity initiatives, and enhanced regulatory capital metrics.
Northern Trust Corporation reported a net income of $327.8 million for the third quarter of 2023, with earnings per diluted common share at $1.49. The results reflect the resilience of the company's business model amidst a challenging interest rate environment, with growth in trust fees and expansion of the client base.
- Net income was $327.8 million, compared to $331.8 million in the prior quarter and $394.8 million in the prior-year quarter.
- Earnings per diluted common share were $1.49, compared to $1.56 in the second quarter of 2023 and $1.80 in the third quarter of 2022.
- Trust fees grew, client base expanded, productivity initiatives progressed, and regulatory capital metrics enhanced.
- Assets under custody/administration reached US$14.2 trillion, and assets under management totaled US$1.3 trillion.
Headline financials
Revenue & EPS history
Northern Trust · Revenue · Quarterly
$1.73B
Revenue by segment
Northern Trust · $1.11B total across 2 segments · Q3 2023
- Asset Servicing$626M+3.8%56.3%
- Wealth Management$486M+2.2%43.7%
Forward guidance
This release includes forward-looking statements regarding Northern Trust’s financial results and outlook, capital adequacy, dividend policy and share repurchase program, accounting estimates and assumptions, credit quality including allowance levels, future pension plan contributions, effective tax rate, anticipated expense levels, contingent liabilities, acquisitions, strategies, market and industry trends, and expectations regarding the impact of accounting pronouncements and legislation.
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 Q3 2023
-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
| Quarter | Report date | Reaction (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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