Northern Trust Past Earnings Performance

Past criteria checks 4/6

Northern Trust's earnings have been declining at an average annual rate of -1.5%, while the Capital Markets industry saw earnings growing at 7.9% annually. Revenues have been growing at an average rate of 4.4% per year. Northern Trust's return on equity is 13.2%, and it has net margins of 20.8%.

Key information

-1.5%

Earnings growth rate

-0.7%

EPS growth rate

Capital Markets Industry Growth	10.3%
Revenue growth rate	4.4%
Return on equity	13.2%
Net Margin	20.8%
Next Earnings Update	23 Jan 2025

Recent past performance updates

Recent updates

Northern Trust: An Undervalued Asset Manager With Growth Indicators, Strong Capital

Nov 03

Northern Trust Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Jul 19

Northern Trust: A Fairly Valued Financial Stalwart

Jun 01

Northern Trust (NASDAQ:NTRS) Has Announced A Dividend Of $0.75

May 30

Northern Trust (NASDAQ:NTRS) Is Paying Out A Dividend Of $0.75

Apr 21

Northern Trust Corporation Just Missed Earnings - But Analysts Have Updated Their Models

Apr 19

Northern Trust's (NASDAQ:NTRS) Dividend Will Be $0.75

Mar 01

Northern Trust (NASDAQ:NTRS) Is Due To Pay A Dividend Of $0.75

Feb 13

Northern Trust (NASDAQ:NTRS) Will Pay A Dividend Of $0.75

Nov 28

Northern Trust (NASDAQ:NTRS) Will Pay A Dividend Of $0.75

Nov 13

Northern Trust (NASDAQ:NTRS) Will Pay A Dividend Of $0.75

Aug 26

Northern Trust (NASDAQ:NTRS) Is Due To Pay A Dividend Of $0.75

Jul 22

Revenue & Expenses Breakdown

How Northern Trust makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:NTRS Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	7,858	1,632	5,149
30 Jun 24	7,610	1,495	4,971
31 Mar 24	6,675	935	4,914
31 Dec 23	6,749	1,054	4,849
30 Sep 23	6,729	1,096	4,866
30 Jun 23	6,771	1,163	4,838
31 Mar 23	6,762	1,228	4,749
31 Dec 22	6,749	1,282	4,670
30 Sep 22	6,914	1,532	4,568
30 Jun 22	6,806	1,534	4,475
31 Mar 22	6,649	1,505	4,386
31 Dec 21	6,546	1,491	4,302
30 Sep 21	6,392	1,327	4,226
30 Jun 21	6,230	1,225	4,143
31 Mar 21	6,063	1,170	4,039
31 Dec 20	5,976	1,141	4,061
30 Sep 20	6,000	1,267	3,983
30 Jun 20	6,060	1,355	3,975
31 Mar 20	6,133	1,430	3,967
31 Dec 19	6,088	1,429	3,918
30 Sep 19	6,047	1,466	3,863
30 Jun 19	5,985	1,457	3,823
31 Mar 19	5,977	1,456	3,816
31 Dec 18	5,975	1,490	3,785
30 Sep 18	5,892	1,437	3,792
30 Jun 18	5,761	1,361	3,722
31 Mar 18	5,584	1,239	3,630
31 Dec 17	5,403	1,130	3,533
30 Sep 17	5,239	1,041	3,384
30 Jun 17	5,103	1,011	3,302
31 Mar 17	5,100	1,006	3,240
31 Dec 16	5,007	990	3,190
30 Sep 16	4,904	964	3,128
30 Jun 16	4,852	942	3,105
31 Mar 16	4,794	949	3,075
31 Dec 15	4,746	935	3,038
30 Sep 15	4,697	936	2,998
30 Jun 15	4,611	912	2,955
31 Mar 15	4,427	832	2,925
31 Dec 14	4,325	789	2,899
30 Sep 14	4,238	725	2,810
30 Jun 14	4,202	727	2,776
31 Mar 14	4,135	736	2,730
31 Dec 13	4,069	719	2,771

Quality Earnings: NTRS has high quality earnings.

Growing Profit Margin: NTRS's current net profit margins (20.8%) are higher than last year (16.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NTRS's earnings have declined by 1.5% per year over the past 5 years.

Accelerating Growth: NTRS's earnings growth over the past year (48.9%) exceeds its 5-year average (-1.5% per year).

Earnings vs Industry: NTRS earnings growth over the past year (48.9%) exceeded the Capital Markets industry 13%.

Northern Trust Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Northern Trust Corporation Reports Consolidated Net Charge Offs for the First Quarter Ended March 31, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Northern Trust Corporation to Report Q2, 2024 Results on Jul 17, 2024

Recent updates

Insider recently sold US$1.7m worth of stock

Northern Trust: An Undervalued Asset Manager With Growth Indicators, Strong Capital

Vice Chairman notifies of intention to sell stock

Northern Trust (NASDAQ:NTRS) Is Due To Pay A Dividend Of $0.75

Third quarter dividend of US$0.75 announced

Northern Trust Corporation Declares Quarterly Cash Dividends on Common Stock, Payable on January 1, 2025

Price target increased by 8.2% to US$101

Northern Trust: Solid Company But Slow Growth

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Northern Trust Corporation Announces Chief Financial Officer Changes, Effective October 1, 2024

Northern Trust (NASDAQ:NTRS) Is Due To Pay A Dividend Of $0.75

Consensus EPS estimates increase by 46%

Northern Trust (NASDAQ:NTRS) Is Paying Out A Dividend Of $0.75

Second quarter dividend of US$0.75 announced

Northern Trust Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Northern Trust Corporation Declares Quarterly Dividend on Common Stock, Payable on October 1, 2024

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Northern Trust: A Fairly Valued Financial Stalwart

Upcoming dividend of US$0.75 per share

Northern Trust (NASDAQ:NTRS) Has Announced A Dividend Of $0.75

Northern Trust Appoints Chandra Dhandapani to Its Board of Directors

Northern Trust Promotes Ryan McCauley to Senior Managing Director for the Foundation & Institutional Advisors Practice in the West Region

Insider recently sold US$1.0m worth of stock

Insider notifies of intention to sell stock

Northern Trust Upgrades Cloud-Based Insurance Accounting and Analytics Application

Northern Trust (NASDAQ:NTRS) Is Paying Out A Dividend Of $0.75

First quarter dividend of US$0.75 announced

Northern Trust Corporation Just Missed Earnings - But Analysts Have Updated Their Models

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Northern Trust Corporation Declares Quarterly Dividend on Common Stock, Payable on July 1, 2024

Northern Trust Corporation Reports Consolidated Net Charge Offs for the First Quarter Ended March 31, 2024

Northern Trust Corporation Appoints Jordan Kiel as President of the Georgia Market

Northern Trust Appoints Gary Paulin Head of International Enterprise Client Solutions

Northern Trust Corporation Announces Appointment of Dotti Reeder as Market President of Dallas-Fort Worth

Full year 2023 earnings: EPS and revenues miss analyst expectations

Northern Trust's (NASDAQ:NTRS) Dividend Will Be $0.75

Upcoming dividend of US$0.75 per share

Insider notifies of intention to sell stock

Northern Trust Announces Olivier Noël as Country Head of Luxembourg

Northern Trust Corporation to Report Q2, 2024 Results on Jul 17, 2024

Northern Trust (NASDAQ:NTRS) Is Due To Pay A Dividend Of $0.75

Northern Trust Corporation, Annual General Meeting, Apr 16, 2024

Northern Trust Announces Executive Changes

Fourth quarter dividend of US$0.75 announced

Full year 2023 earnings: EPS and revenues miss analyst expectations

Northern Trust Corporation Declares Quarterly Dividends on Common Stock, Payable on April 1, 2024

Price target increased by 7.3% to US$86.53

Northern Trust Corporation to Report Q4, 2023 Results on Jan 18, 2024

Northern Trust Corporation Announces Executive Changes

Upcoming dividend of US$0.75 per share at 3.8% yield

Northern Trust Appoints Petra Sjogeras as Head of Nordics

Northern Trust (NASDAQ:NTRS) Will Pay A Dividend Of $0.75

Northern Trust Appoints Petra Sjogeras as Head of Nordics

Northern Trust (NASDAQ:NTRS) Will Pay A Dividend Of $0.75

Northern Trust Announces the Appointment of Head of Sales for the Nordics

Chairman & CEO recently bought US$1.3m worth of stock

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

Northern Trust Corporation Declares Quarterly Dividends on Common Stock, Payable on January 1, 2024

Northern Trust Corporation to Report Q3, 2023 Results on Oct 18, 2023

Northern Trust Appoints Brian Donovan Senior Managing Director of Wealth Advisory Team and Ultra High Net Worth Practice Lead for East Region

Northern Trust Developing Digital Platform for Institutional Voluntary Carbon Credit Transactions

Northern Trust Appoints Aisling Keaneas as Head of Asset Servicing, Hong Kong

Upcoming dividend of US$0.75 per share at 3.9% yield

Northern Trust (NASDAQ:NTRS) Will Pay A Dividend Of $0.75

Northern Trust Appoints Dane Fannin as Head of Global Foreign Exchange Business

Now 22% undervalued

Northern Trust Appoints Caroline Higgins as Head of Global Fund Services for APAC