NORTHERN TRUST CORPORATION NTRS Income Statement

Northern trust corporation (NTRS)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Noninterest Income
Revenue from Contract with Customer, Excluding Assessed Tax
3,852	3,753	3,434	-	2,980	2,832	2,609	2,405	2,169	2,081	2,083	2,134	2,077
Foreign Exchange Trading Income
250	307	209	236	261	210	244	206	324	382	445	616	351
Treasury Management Fees
44	51	56	62	64	66	69	67	72	78	81	72	65
Security Commissions and Trading Income
103	98	89	81	78	67	68	73	60	60	62	77	67
Gain on Visa Share Redemption
-	-	-	-	-	-	-	-	-	-	-	167	0
Other Operating Income
145	127	157	241	247	153	166	154	158	146	136	186	95
Marketable Securities, Gain (Loss)
-1	-1	-1	-3	-0	-4	-1	-1	-23	-20	-23	-56	6
Noninterest Income
4,395	4,337	3,946	3,726	3,632	3,325	3,156	2,905	2,760	2,729	2,787	3,199	2,663
Net Interest Income
Interest and Dividend Income, Operating
2,499	2,321	1,769	1,416	1,224	1,186	1,155	1,287	1,408	1,296	1,406	2,478	2,784
Interest Expense
822	698	340	182	153	181	222	297	399	378	406	1,399	1,938
Net Interest Income
1,677	1,622	1,429	1,234	1,070	1,005	933	990	1,009	918	999	1,079	845
Provision for Credit Losses
-14	-14	-28	-26	-43	6	20	25	55	160	215	115	18
Net Interest Income after Provision for Credit Losses
1,692	1,637	1,457	1,260	1,113	999	913	965	954	758	784	964	827
Noninterest Expense
Compensation
1,859	1,806	1,733	1,541	1,443	1,417	1,306	1,267	1,267	1,108	1,099	1,133	1,038
Employee Benefits
355	356	319	293	285	268	257	258	258	237	242	223	234
Outside Services
774	739	668	627	595	574	564	529	552	460	424	413	386
Equipment and Software
612	582	524	467	454	421	377	366	328	287	261	241	219
Occupancy
212	201	191	177	173	180	173	174	180	167	170	166	156
Visa Indemnification Benefit
-	-	-	-	-	-	-	-	-23	-33	-17	-76	150
Other Operating Expense
329	330	331	364	328	272	314	282	267	270	136	786	245
Noninterest Expense
4,143	4,016	3,769	3,470	3,280	3,135	2,993	2,878	2,831	2,497	2,316	2,887	2,430
Income before Income Taxes
1,944	1,957	1,633	1,517	1,465	1,190	1,075	992	883	989	1,255	1,275	1,060
Provision for Income Taxes
451	401	434	484	491	378	344	305	280	320	391	480	333
Net Income (Loss) Attributable to Parent
1,492	1,556	1,199	1,032	973	811	731	687	603	669	864	794	726
Preferred Stock Dividends
46	46	49	23	23	9	0	-	-	-	-	-	-
Net Income Applicable to Common Stock
1,445	1,510	1,149	1,009	950	802	731	687	603	669	753	782	726
Earnings Per Share [Abstract]
Net Income — Basic (in dollars per share)
6.66	6.68	4.95	4.35	4.03	3.34	3.01	2.82	2.47	2.74	3.18	3.51	3.28
Net Income — Diluted (in dollars per share)
6.63	6.64	4.92	4.32	3.99	3.32	2.99	2.81	2.47	2.74	3.16	3.47	3.23
Average Number of Common Shares Outstanding
Cash Dividends Declared
-	-	-	-	-	-	-	-	-	-	-	1.12	1.03
Average Number of Common Shares Outstanding — Basic (in shares)
214	223	228	227	232	235	239	240	241	242	235	221,446,382	219
Average Number of Common Shares Outstanding — Diluted (in shares)
215	224	229	229	234	237	240	240	241	242	236	224,053,430	223
Changes in other-than-temporary-impairment (OTTI) losses prior to the adoption of ASU 2016-13
0	0	0	3	0	4	0	-	-	-	-	-	-
Noncredit-related OTTI Losses Recorded in (Reclassified from) OCI
-	-	-	-	-	-0	0	-	-	-	-	-	-
Security Gains and (Losses), including Other-Than-Temporary-Impairment (OTTI) Losses, net
-	-	-	-	-	-	-	-	-	-	-	-	-6
Less: OTTI Recognized in Other Comprehensive Income
-	-	-	-	-	-	-	-	-	-	-	-	0
Other Security Gains (Losses), net
-1	-0	-1	0	-0	-0	-1	-	-	-	-	-	-
Marketable Securities, Gain (Loss)
-1	-1	-1	-3	-0	-4	-1	-1	-23	-	-	-	-
Total Trust, Investment and Other Servicing Fees
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	3,108	-	-	-	-	-	-	-	-	-