Below are the financial statements of Northern Trust, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 | 2022 |
---|---|---|---|
Noninterest income | — | — | — |
Trust, investment and other servicing fees | 4,727.8a | 4,361.8a | 4,432.6a |
Foreign exchange trading income | 231.2a | 203.9a | 288.6a |
Treasury management fees | 35.7a | 31.6a | 39.3a |
Security commissions and trading income | 150.5a | 135a | 136.2a |
Other operating income | 1,157.4a | 228.7a | 191.3a |
Investment security gains (losses), net | -189.3a | -169.5a | -214a |
Total noninterest income | 6,113.3a | 4,791.5a | 4,874a |
Net interest income | — | — | — |
Interest income | 9,762.3a | 7,325a | 2,877.7a |
Interest expense | -7,585.2a | -5,343a | -990.5a |
Net interest income | 2,177.1a | 1,982a | 1,887.2a |
Provision for credit losses | -3a | -24.5a | -12a |
Net interest income after provision for credit losses | 2,180.1a | 1,957.5a | 1,875.2a |
Noninterest expense | — | — | — |
Compensation | -2,471.1a | -2,321.8a | -2,248a |
Employee benefits | -417.8a | -405.2a | -437.4a |
Outside services | -998a | -906.5a | -880.3a |
Equipment and software | -1,075a | -945.5a | -838.8a |
Occupancy | -216.8a | -232.3a | -219.1a |
Other operating expense | -455.2a | -472.9a | -359.3a |
Total noninterest expense | -5,633.9a | -5,284.2a | -4,982.9a |
Income before income taxes | 2,659.5a | 1,464.8a | 1,766.3a |
Provision for income taxes | -628.4a | -357.5a | -430.3a |
Net income | 2,031.1a | 1,107.3a | 1,336a |
Preferred stock dividends | 41.8a | 41.8a | 41.8a |
Net income applicable to common stock | 1,989.3a | 1,065.5a | 1,294.2a |
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