NASDAQ$NTRS

Northern Trust Corp · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Northern Trust reported strong fourth-quarter results, driven by organic growth and increased efficiency.

Northern Trust reported a net income of $455.4 million, with earnings per diluted common share of $2.26. The results reflect progress in executing the 'One Northern Trust' strategy, with substantial fee revenue growth and increased net interest income.

  • Net income for the fourth quarter was $455.4 million, or $2.26 per diluted common share.
  • Fee revenue grew substantially, supported by organic growth across all three businesses.
  • Net Interest Income and net interest margin both increased relative to the prior year.
  • The company returned over $400 million to shareholders through dividends and share repurchases.

Headline financials

Total Revenue

$1.96B

Previous: $1.55B+26.9%
EPS (adj)

$2.26

Previous: $1.46+54.8%
Return on Average Common Equity

15.3%

Previous: 4.0%+282.5%
Total Assets Under Custody/Administration

$16.8T

No prior period
Total Assets Under Management

$1.61T

No prior period
Total Common Equity

$11.9B

No prior period
Capital Expenditures

-$227M

Previous: $63.8M-455.0%
Net Income

$455M

Previous: $113M+302.7%
Operating Income

$594M

Previous: $146M+307.5%

Revenue & EPS history

Northern Trust · Revenue · Quarterly

$1.96B

Q4 2024+26.9%vs Q4 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Northern Trust · $1.11B total across 2 segments · Q3 2023

  • Asset Servicing
    $626M+3.8%
  • Wealth Management
    $486M+2.2%

Forward guidance

Northern Trust is well-positioned to build on 2024's accomplishments by focusing on accelerating growth, progressing on productivity initiatives, and investing for the future.

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 Q4 2024

Historical avgQ4 2024

-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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