Annual Report / 2021

2021
Annual
Report

As we continuously adapt to redefine what's possible, we always have our True North in clear view — to be our clients’ most trusted financial partner.

True North

Each year, we realize and redefine what is possible for our clients.

True
North

2021 Message to Shareholders
Michael o’grady

Chairman & chief executive officer

Each year, we realize and redefine what’s possible for our clients. We constantly adapt to the unpredictable, persevere amid the unalterable and embrace every opportunity to earn their trust and confidence.

True Performance

We embraced a new normal in conducting business, and achieved strong financial performance, increasing net income and return on average common equity.

True Performance

2021 FINANCIAL HIGHLIGHTS
JASON TYLER

CHIEF FINANCIAL OFFICER
NORTHERN TRUST

We achieved strong financial performance in 2021 — increased net income, return on average equity and continued organic growth — while also investing in the talent and technology to support clients into the future.

True Expertise

Deep insights and incomparable standards of service helped us guide clients with clarity and confidence.

True Expertise

In a year defined by disruption and unpredictability, we drew on our strong expertise, deep insights and incomparable standards of service to guide clients with clarity and confidence. Our commitment to not only solving, but anticipating, their needs through the most turbulent times provided peace of mind when our clients needed it most.

True Innovation

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Rethinking what’s possible and applying our knowledge, creativity, imagination and drive, we continue to find a better way.

True Innovation

Delivering innovative client solutions starts with reframing our perspective on what’s possible. Innovation happens when optimism intersects our knowledge, creativity, imagination and drive to find a better way. In 2021, we expanded our digital capabilities to automate, integrate and streamline how we deliver services; forged strategic partnerships to advance our offerings; and reimagined ways to reconcile fiscal responsibility and social values.

True Impact

Leading the way for clients seeking sustainable solutions, and leveraging our position to catalyze change for a better world.

True Impact

With resources and influence comes great responsibility — to lead the way for clients seeking sustainable investing solutions; to advance diversity, equity and inclusion; to invest in underserved communities and to support future generations. We continue to leverage our resources and our prominent position to catalyze change for a better world.