NORTHERN TRUST CORPORATION NTRS Income Statement

Northern trust corporation (NTRS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Noninterest Income
Revenue from Contract with Customer, Excluding Assessed Tax
1,003,600	992,200	975,500	955,500	928,900	-	939,200	942,900	-	-	-	-	808,200	-	788,300	777,200	748,200	747,100	749,100	756,800	727,500	728,200	718,200	706,900	679,500	673,800	648,000	657,300	630,700	622,600	601,900	605,800	575,200	541,500	555,300	557,800	514,900	504,600	518,700	543,500	515,100	548,600	523,100	601,400	410,700	474,900	645,100
Foreign Exchange Trading Income
88,900	64,500	59,700	60,500	66,200	78,100	71,700	78,900	78,500	62,800	49,100	49,900	48,100	58,100	53,600	64,400	60,500	52,500	62,900	74,800	71,600	60,700	46,400	52,900	50,100	50,800	62,800	71,300	59,500	40,800	44,000	59,400	61,900	71,700	87,200	80,800	84,800	98,200	88,900	115,400	79,700	87,400	92,900	134,300	131,100	141,800	126,600
Treasury Management Fees
11,000	10,400	11,200	11,200	11,700	11,800	12,500	13,500	14,000	13,600	13,200	14,900	14,700	15,600	15,000	16,000	16,200	16,200	16,100	16,100	16,300	16,200	16,400	16,600	16,800	17,500	17,600	17,100	16,800	16,400	16,300	17,300	17,400	17,100	17,800	18,600	18,600	18,800	19,300	19,900	20,100	20,200	19,400	21,800	20,400	17,600	18,400
Security Commissions and Trading Income
41,700	27,800	29,100	23,400	23,300	23,100	21,900	26,100	27,200	23,800	21,200	24,100	20,500	21,500	20,400	20,600	18,900	18,500	20,400	20,000	19,800	20,900	14,200	17,800	14,700	14,600	16,800	18,300	18,300	20,000	17,900	17,400	18,300	15,700	13,900	15,900	15,000	17,400	14,900	15,300	13,300	15,900	12,900	16,800	16,800	19,200	20,400
Gain on Visa Share Redemption
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Other Operating Income
34,400	32,500	45,100	38,900	29,000	40,400	20,900	31,400	34,800	34,800	40,000	43,000	39,700	28,800	33,100	141,200	38,100	33,000	38,100	137,400	38,600	41,200	34,100	40,500	37,700	38,200	67,200	36,300	24,800	35,700	46,600	34,000	38,600	37,700	42,500	42,200	35,700	42,200	27,700	37,400	39,000	36,400	35,100	28,200	37,100	36,200	34,800
Marketable Securities, Gain (Loss)
0	-500	-400	-300	-200	-700	-100	0	-200	-500	-400	-400	-300	-1,300	200	-2,400	300	0	0	-400	100	-1,000	300	400	-4,000	400	-2,200	100	200	0	200	500	-2,400	200	-2,000	-16,600	-5,500	-7,100	-13,500	-100	300	-2,300	-4,000	-17,500	400	-16,900	0
Noninterest Income
1,179,600	1,126,900	1,120,200	1,089,200	1,058,900	1,086,600	1,066,100	1,092,800	1,092,000	1,044,500	991,000	979,700	930,900	917,100	910,600	1,017,000	882,200	867,300	886,600	1,004,700	873,900	866,200	829,600	835,100	794,800	795,300	810,200	800,400	750,300	735,500	726,900	734,400	709,000	683,900	714,700	698,700	663,500	674,100	656,000	731,400	667,500	706,200	679,400	785,000	616,500	672,800	845,300
Net Interest Income
Interest and Dividend Income, Operating
529,200	576,100	620,800	640,200	662,800	648,600	599,200	567,700	505,900	488,100	453,800	417,200	410,300	371,000	349,200	344,700	352,000	330,700	305,700	288,800	298,800	303,900	293,800	293,800	295,400	302,400	291,100	275,300	286,700	302,100	323,100	321,500	341,000	354,700	347,100	359,700	347,100	334,300	330,200	317,900	314,300	324,300	333,200	354,700	393,800	640,900	588,900
Interest Expense
121,100	155,300	203,100	222,800	240,800	231,400	191,000	154,400	121,900	108,100	99,600	75,700	56,800	46,700	46,100	45,000	44,200	41,300	36,800	37,600	38,200	40,000	44,500	47,200	49,700	52,500	54,100	55,200	60,600	67,900	77,500	67,400	84,600	82,900	90,300	113,600	112,700	112,300	96,700	85,100	83,900	90,100	94,900	104,500	116,700	387,500	352,800
Net Interest Income
408,100	420,800	417,700	417,400	422,000	417,200	408,200	413,300	384,000	380,000	354,200	341,500	353,500	324,300	303,100	299,700	307,800	289,400	268,900	251,200	260,600	263,900	249,300	246,600	245,700	249,900	237,000	220,100	226,100	234,200	245,600	254,100	256,400	271,800	256,800	246,100	234,400	222,000	233,500	232,800	230,400	234,200	238,300	250,200	277,100	253,400	236,100
Provision for Credit Losses
61,000	-1,000	-7,000	-6,500	0	-4,000	-9,000	1,500	-3,000	-13,000	-7,000	-7,000	-1,000	-22,000	-3,000	-3,000	2,000	-18,500	-10,000	-10,000	-4,500	3,000	0	0	3,000	5,000	5,000	5,000	5,000	5,000	10,000	5,000	5,000	12,500	17,500	10,000	15,000	40,000	30,000	50,000	40,000	40,000	60,000	60,000	55,000	25,000	10,000
Net Interest Income after Provision for Credit Losses
347,100	421,800	424,700	423,900	422,000	421,200	417,200	411,800	387,000	393,000	361,200	348,500	354,500	346,300	306,100	302,700	305,800	307,900	278,900	261,200	265,100	260,900	249,300	246,600	242,700	244,900	232,000	215,100	221,100	229,200	235,600	249,100	251,400	259,300	239,300	236,100	219,400	182,000	203,500	182,800	190,400	194,200	178,300	190,200	222,100	228,400	226,100
Noninterest Expense
Compensation
499,800	463,500	458,000	455,500	482,000	444,400	436,100	454,700	471,700	457,100	418,300	432,500	425,800	390,700	382,100	389,500	378,800	365,500	361,600	361,900	354,300	355,700	348,000	372,400	341,800	334,800	324,600	326,900	320,300	316,300	315,700	313,800	321,600	341,900	311,100	320,200	294,000	281,800	273,300	278,200	274,700	269,700	283,600	288,100	258,300	230,300	306,000
Employee Benefits
97,900	92,600	87,600	89,300	85,700	90,700	85,500	88,800	91,700	91,700	74,800	75,600	77,800	77,300	73,200	72,200	70,600	69,400	69,800	73,200	72,900	62,700	70,600	68,500	66,900	66,500	63,500	64,200	63,300	63,900	61,300	64,900	68,100	69,500	66,700	67,200	54,800	55,700	60,000	58,800	63,100	55,000	59,600	61,700	65,800	52,400	62,700
Outside Services
192,800	205,700	194,000	186,400	188,400	195,500	186,900	185,600	171,400	175,600	172,700	167,000	153,100	160,600	157,600	159,000	149,900	155,100	158,300	147,200	135,100	143,200	142,400	144,600	144,400	152,100	145,900	136,200	129,900	140,700	126,600	133,700	128,200	154,200	139,700	134,900	124,000	129,500	110,700	114,600	105,600	118,000	108,700	102,100	95,700	106,500	106,200
Equipment and Software
162,200	164,900	151,700	147,200	148,300	152,300	145,700	144,200	140,000	132,500	130,500	133,700	127,300	120,700	114,500	118,000	114,200	116,500	113,600	114,400	110,300	103,500	100,500	116,100	101,300	98,600	95,500	92,100	91,400	90,500	86,000	99,400	90,800	95,300	76,300	83,100	73,400	78,100	72,600	69,800	66,600	72,600	65,600	61,200	61,700	60,700	56,900
Occupancy
51,100	57,400	53,000	50,900	51,600	49,800	51,000	48,800	51,500	52,800	47,300	46,300	45,400	47,000	44,200	45,300	40,900	43,800	43,700	43,000	43,000	45,100	43,800	47,200	44,200	43,800	43,300	43,500	43,200	46,200	43,800	42,600	41,800	49,700	45,400	43,200	42,600	40,600	42,600	41,900	42,700	43,300	45,300	40,400	41,800	41,800	39,700
Visa Indemnification Benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13,000	0	0	-10,100	-	-	-12,700	-	-	-17,800	-	-	30,000	0
Other Operating Expense
61,800	88,200	92,000	76,900	72,700	89,200	97,100	75,300	69,000	92,200	92,000	82,300	65,100	77,600	71,400	141,000	74,400	74,500	65,300	114,800	73,400	71,100	69,400	62,200	69,400	98,700	67,900	66,800	80,800	83,900	63,000	62,900	73,100	74,200	62,000	56,700	74,200	76,300	62,900	63,800	67,000	62,700	54,200	-50,800	70,200	632,300	71,800
Noninterest Expense
1,065,600	1,072,300	1,036,300	1,006,200	1,028,700	1,021,900	1,002,300	997,400	995,300	1,001,900	935,600	937,400	894,500	873,900	843,000	925,000	828,800	824,800	812,300	854,500	789,000	781,300	774,700	811,000	768,000	794,500	740,700	729,700	728,900	741,500	696,400	717,300	723,600	771,800	701,200	705,300	652,900	641,700	622,100	614,400	619,700	621,300	599,200	502,700	593,500	1,154,000	643,300
Income before Income Taxes
461,100	476,400	508,600	506,900	452,200	485,900	481,000	507,200	483,700	435,600	416,600	390,800	390,900	389,500	373,700	394,700	359,200	350,400	353,200	411,400	350,000	345,800	304,200	270,700	269,500	245,700	301,500	285,800	242,500	223,200	266,100	266,200	236,800	171,400	252,800	229,500	230,000	214,400	237,400	299,800	238,200	279,100	258,500	472,500	245,100	-252,800	428,100
Provision for Income Taxes
100,500	105,300	124,000	117,500	105,100	76,000	106,500	116,800	102,100	79,000	118,200	122,900	114,800	123,000	116,100	131,700	113,800	111,100	118,600	142,200	119,300	101,800	99,700	88,800	88,100	76,000	95,000	94,700	78,500	55,500	87,300	86,600	75,600	41,200	82,400	77,500	79,000	57,300	81,800	100,200	81,000	78,800	70,600	158,300	83,300	-104,500	212,500
Net Income (Loss) Attributable to Parent
360,600	371,100	384,600	389,400	347,100	409,900	374,500	390,400	381,600	356,600	298,400	267,900	276,100	266,500	257,600	263,000	245,400	239,300	234,600	269,200	230,700	244,000	204,500	181,900	181,400	169,700	206,500	191,100	164,000	167,700	178,800	179,600	161,200	130,200	170,400	152,000	151,000	157,100	155,600	199,600	157,200	200,300	187,900	314,200	161,800	-148,300	215,600
Preferred Stock Dividends
30,500	5,800	17,400	5,900	17,300	5,900	17,300	5,900	17,300	5,900	17,300	5,900	20,700	5,800	5,900	5,800	5,900	5,900	5,800	5,800	5,900	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Applicable to Common Stock
330,100	365,300	367,200	383,500	329,800	404,000	357,200	384,500	364,300	350,700	281,100	262,000	255,400	260,700	251,700	257,200	239,500	233,400	228,800	263,400	224,800	234,500	204,500	181,900	181,400	169,700	206,500	191,100	164,000	167,700	178,800	179,600	161,200	130,200	170,400	152,000	151,000	157,100	155,600	199,600	157,200	200,300	187,900	226,100	138,800	-148,300	215,600
Earnings Per Share [Abstract]
Net Income — Basic (in dollars per share)
1.56	1.71	1.70	1.76	1.49	1.81	1.59	1.69	1.59	1.52	1.21	1.12	1.10	1.12	1.09	1.11	1.03	1.00	0.97	1.11	0.95	0.98	0.85	0.76	0.75	0.70	0.85	0.78	0.68	0.70	0.73	0.73	0.66	0.53	0.70	0.62	0.62	0.63	0.64	0.82	0.65	0.84	0.77	0.95	0.62	-0.66	0.97
Net Income — Diluted (in dollars per share)
1.55	1.71	1.69	1.75	1.48	1.80	1.58	1.68	1.58	1.51	1.20	1.12	1.09	1.11	1.08	1.10	1.03	0.99	0.96	1.10	0.94	0.98	0.84	0.75	0.75	0.70	0.84	0.78	0.67	0.69	0.73	0.73	0.66	0.54	0.70	0.62	0.61	0.64	0.64	0.82	0.64	0.83	0.77	0.95	0.61	-0.66	0.96
Average Number of Common Shares Outstanding
Cash Dividends Declared
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.28	-	0.28	0.28	0.28	0.28	0.28
Average Number of Common Shares Outstanding — Basic (in shares)
208,881	210,549	213,176	216,139	218,236	220,261	222,442	224,207	225,681	226,763	228,010	229,196	229,059	227,627	226,540	227,535	228,619	230,357	232,231	233,149	233,381	234,397	235,701	236,012	237,208	238,225	239,930	239,738	239,167	239,443	240,237	240,900	241,090	241,003	240,991	241,484	242,126	242,220	242,124	242,045	241,724	241,819	241,415	235,455	223,357	221,899	220,603
Average Number of Common Shares Outstanding — Diluted (in shares)
209,816	211,758	214,206	217,169	219,270	221,434	223,860	225,611	227,047	228,035	229,313	230,637	230,630	229,472	228,055	229,279	229,797	232,202	234,163	235,232	235,288	236,339	237,737	237,753	239,050	239,658	241,330	241,040	240,189	239,903	240,697	241,367	241,556	241,169	241,193	241,912	242,969	242,741	242,158	242,597	242,513	242,285	242,631	236,346	224,401	221,899	223,868
Changes in other-than-temporary-impairment (OTTI) losses prior to the adoption of ASU 2016-13
0	0	100	200	0	200	100	0	200	100	0	0	100	1,300	0	2,400	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,800	80,200	-	-	-
Noncredit-related OTTI Losses Recorded in (Reclassified from) OCI
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in OTTI Losses Recognized in Other Comprehensive Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,500	-	-	-	-
Security Gains and (Losses), including Other-Than-Temporary-Impairment (OTTI) Losses, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,900	0
Less: OTTI Recognized in Other Comprehensive Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-62,100	-	0	0
Other Security Gains (Losses), net
0	-500	-300	-100	-200	-500	0	0	0	-400	-400	-400	-200	0	200	0	300	0	0	-400	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,300	600	-	-	-
Marketable Securities, Gain (Loss)
0	-500	-400	-300	-200	-700	-100	0	-200	-500	-400	-400	-300	-1,300	200	-2,400	300	0	0	-400	100	-1,000	300	400	-4,000	400	-2,200	100	200	-	200	500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Trust, Investment and Other Servicing Fees
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	-	-	-	-	-	937,700	-	867,900	848,200	808,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-