NORTHERN TRUST CORPORATION NTRS Income Statement

Northern trust corporation (NTRS)

Income statement / TTM

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
3,926	3,852	3,799	3,766	0	-	0	0	-	-	-	-	3,168	-	3,060	3,021	3,001	2,980	2,961	2,930	2,880	2,832	2,778	2,708	2,658	2,609	2,558	2,512	2,461	2,405	2,324	2,277	2,229	2,169	2,132	2,096	2,081	2,081	2,125	2,130	2,188	2,083	2,010	2,132	0	0	0
Foreign Exchange Trading Income
273	250	264	276	294	307	291	269	240	209	205	209	224	236	231	240	250	261	270	253	231	210	200	216	235	244	234	215	203	206	237	280	301	324	351	352	387	382	371	375	394	445	500	533	0	0	0
Treasury Management Fees
43	44	45	47	49	51	53	54	55	56	58	60	61	62	63	64	64	64	64	65	65	66	67	68	69	69	67	66	66	67	68	69	70	72	73	75	76	78	79	79	81	81	79	78	0	0	0
Security Commissions and Trading Income
122	103	98	91	94	98	99	98	96	89	87	86	83	81	78	78	77	78	81	74	72	67	61	63	64	68	73	74	73	73	69	65	63	60	62	63	62	60	59	57	58	62	65	73	0	0	0
Gain on Visa Share Redemption
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Other Operating Income
150	145	153	129	121	127	121	141	152	157	151	144	242	241	245	250	246	247	255	251	154	153	150	183	179	166	164	143	141	154	156	152	161	158	162	147	143	146	140	147	138	136	136	136	0	0	0
Marketable Securities, Gain (Loss)
-1	-1	-1	-1	-1	-1	-0	-1	-1	-1	-2	-1	-3	-3	-1	-2	-0	-0	-1	-1	-0	-4	-2	-5	-5	-1	-1	0	0	-1	-1	-3	-20	-23	-31	-42	-26	-20	-15	-6	-23	-23	-38	-34	0	0	0
Noninterest Income
4,515	4,395	4,354	4,300	4,304	4,337	4,295	4,220	4,107	3,946	3,818	3,738	3,775	3,726	3,677	3,653	3,640	3,632	3,631	3,574	3,404	3,325	3,254	3,235	3,200	3,156	3,096	3,013	2,947	2,905	2,854	2,842	2,806	2,760	2,751	2,692	2,725	2,729	2,761	2,784	2,838	2,787	2,753	2,919	0	0	0
Net Interest Income
Interest and Dividend Income, Operating
2,366	2,499	2,572	2,550	2,478	2,321	2,160	2,015	1,865	1,769	1,652	1,547	1,475	1,416	1,376	1,333	1,277	1,224	1,197	1,185	1,190	1,186	1,185	1,182	1,164	1,155	1,155	1,187	1,233	1,287	1,340	1,364	1,402	1,408	1,388	1,371	1,329	1,296	1,286	1,289	1,326	1,406	1,722	1,978	0	0	0
Interest Expense
702	822	898	886	817	698	575	484	405	340	278	225	194	182	176	167	159	153	152	160	169	181	193	203	211	222	237	261	273	297	312	325	371	399	428	435	406	378	355	354	373	406	703	961	0	0	0
Net Interest Income
1,664	1,677	1,674	1,664	1,660	1,622	1,585	1,531	1,459	1,429	1,373	1,322	1,280	1,234	1,200	1,165	1,117	1,070	1,044	1,025	1,020	1,005	991	979	952	933	917	926	960	990	1,027	1,039	1,031	1,009	959	936	922	918	930	935	953	999	1,019	1,016	0	0	0
Provision for Credit Losses
46	-14	-17	-19	-11	-14	-23	-21	-30	-28	-37	-33	-29	-26	-22	-29	-36	-43	-21	-11	-1	6	8	13	18	20	20	25	25	25	32	40	45	55	82	95	135	160	160	190	200	215	200	150	0	0	0
Net Interest Income after Provision for Credit Losses
1,617	1,692	1,691	1,684	1,672	1,637	1,609	1,553	1,489	1,457	1,410	1,355	1,309	1,260	1,222	1,195	1,153	1,113	1,066	1,036	1,021	999	983	966	934	913	897	901	935	965	995	999	986	954	876	841	787	758	770	745	753	784	819	866	0	0	0
Noninterest Expense
Compensation
1,876	1,859	1,839	1,818	1,817	1,806	1,819	1,801	1,779	1,733	1,667	1,631	1,588	1,541	1,515	1,495	1,467	1,443	1,433	1,419	1,430	1,417	1,397	1,373	1,328	1,306	1,288	1,279	1,266	1,267	1,293	1,288	1,294	1,267	1,207	1,169	1,127	1,108	1,095	1,106	1,116	1,099	1,060	1,082	0	0	0
Employee Benefits
367	355	353	351	350	356	357	347	333	319	305	303	300	293	285	282	283	285	278	279	274	268	272	265	261	257	254	252	253	258	263	269	271	258	244	237	229	237	236	236	239	242	239	242	0	0	0
Outside Services
778	774	764	757	756	739	719	705	686	668	653	638	630	627	621	622	610	595	583	567	565	574	583	587	578	564	552	533	530	529	542	555	557	552	528	499	478	460	448	446	434	424	413	410	0	0	0
Equipment and Software
626	612	599	593	590	582	562	547	536	524	512	496	480	467	463	462	458	454	441	428	430	421	416	411	387	377	369	360	367	366	371	361	345	328	310	307	293	287	281	274	266	261	249	240	0	0	0
Occupancy
212	212	205	203	201	201	204	200	197	191	186	182	181	177	174	173	171	173	174	174	179	180	179	178	174	173	176	176	175	174	177	179	180	180	171	169	167	167	170	173	171	170	169	163	0	0	0
Visa Indemnification Benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23	-22	0	0	-	-	0	-	-	0	-	-	0	0
Other Operating Expense
318	329	330	335	334	330	333	328	335	331	317	296	355	364	361	355	329	328	324	328	276	272	299	298	302	314	299	294	290	282	273	272	266	267	269	270	277	270	256	247	133	136	705	723	0	0	0
Noninterest Expense
4,180	4,143	4,093	4,059	4,050	4,016	3,996	3,930	3,870	3,769	3,641	3,548	3,536	3,470	3,421	3,390	3,320	3,280	3,237	3,199	3,156	3,135	3,148	3,114	3,032	2,993	2,940	2,896	2,884	2,878	2,909	2,913	2,901	2,831	2,701	2,622	2,531	2,497	2,477	2,454	2,342	2,316	2,849	2,893	0	0	0
Income before Income Taxes
1,953	1,944	1,953	1,926	1,926	1,957	1,907	1,843	1,726	1,633	1,587	1,544	1,548	1,517	1,478	1,457	1,474	1,465	1,460	1,411	1,270	1,190	1,090	1,087	1,102	1,075	1,053	1,017	998	992	940	927	890	883	926	911	981	989	1,054	1,075	1,248	1,255	723	892	0	0	0
Provision for Income Taxes
447	451	422	405	404	401	404	416	422	434	478	476	485	484	472	475	485	491	481	463	409	378	352	347	353	344	323	316	307	305	290	285	276	280	296	295	318	320	341	330	388	391	207	349	0	0	0
Net Income (Loss) Attributable to Parent
1,505	1,492	1,531	1,520	1,521	1,556	1,503	1,427	1,304	1,199	1,108	1,068	1,063	1,032	1,005	982	988	973	978	948	861	811	737	739	748	731	729	701	690	687	649	641	613	603	630	615	663	669	712	745	859	864	515	543	0	0	0
Preferred Stock Dividends
59	46	46	46	46	46	46	46	46	49	49	38	38	23	23	23	23	23	17	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Applicable to Common Stock
1,446	1,445	1,484	1,474	1,475	1,510	1,456	1,380	1,258	1,149	1,059	1,029	1,025	1,009	981	958	965	950	951	927	845	802	737	739	748	731	729	701	690	687	649	641	613	603	630	615	663	669	712	745	771	753	404	432	0	0	0
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	210	213	216	218	220	222	224	225	226	228	229	229	227	226	227	228	230	232	233	233	234	235	236	237	238	239	239	239	239	240	240	241	241	240	241	242	242	242	242	241	241	241	235	223	221	220
Average Number of Common Shares Outstanding — Diluted (in shares)
209	211	214	217	219	221	223	225	227	228	229	230	230	229	228	229	229	232	234	235	235	236	237	237	239	239	241	241	240	239	240	241	241	241	241	241	242	242	242	242	242	242	242	236	224	221	223
Changes in other-than-temporary-impairment (OTTI) losses prior to the adoption of ASU 2016-13
0	0	0	0	0	0	0	0	0	0	1	1	3	3	2	2	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Noncredit-related OTTI Losses Recorded in (Reclassified from) OCI
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in OTTI Losses Recognized in Other Comprehensive Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Security Gains and (Losses), including Other-Than-Temporary-Impairment (OTTI) Losses, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Less: OTTI Recognized in Other Comprehensive Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0
Other Security Gains (Losses), net
-0	-1	-1	-0	-0	-0	-0	-0	-1	-1	-1	-0	0	0	0	0	-0	-0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Marketable Securities, Gain (Loss)
-1	-1	-1	-1	-1	-1	-0	-1	-1	-1	-2	-1	-3	-3	-1	-2	-0	-0	-1	-1	-0	-4	-2	-5	-5	-1	-1	1	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Trust, Investment and Other Servicing Fees
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	-	-	-	-	-	3,563	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-