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About Northern Trust


Whatever Your Greater, We Can Help You Achieve It

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 16,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

Our guiding principles not only survived but thrived during the Great Depression, two world wars and the 2008 financial crisis. We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

September 30, 2016, Northern Trust Corporation had:

  • $120 billion in banking assets
  • $6.7 trillion in assets under custody
  • $946 billion in assets under management

Northern Trust Corporation reports third quarter net income of $257.6 million, earnings per common share of $1.08.

Frederick H. Waddell, Chairman and Chief Executive Officer, commented, “Northern Trust performed well in the third quarter of 2016, producing 1.3 points of positive operating leverage and driving our expense-to-fee ratio lower to 107%. Total revenue grew 5% versus one year ago, with strong growth in net interest income and steady growth in trust, investment and other servicing fees, partially offset by lower foreign exchange trading income. Expenses were well managed, growing 4% versus one year ago. Earnings per share of $1.08 increased a strong 13% compared to one year ago, and we increased our quarterly cash dividend by 6% to $0.38 per common share.”

The Northern Trust Story

Learn about the extraordinary people, places and events that define Northern Trust and helped to make us the dynamic financial institution we are today.