Investor Relations

NORTHERN TRUST CORPORATION REPORTS SECOND QUARTER NET INCOME OF $313.3 MILLION, EARNINGS PER DILUTED COMMON SHARE OF $1.46
“Northern Trust’s performance in the second quarter of 2020 resulted in revenue consistent with the prior year, diluted earnings per share of $1.46, and a return on average common equity of 12.2%. Non-interest-related revenue grew 4% compared to the prior year and offset an 11% decline in net interest income reflecting the low interest rate environment. Expense in the quarter increased 3% from the prior year. As announced yesterday, our Board of Directors maintained our dividend of $0.70 per share for the third quarter, reflecting the strength of our capital position and balance sheet. We continue to focus on serving the needs of our clients, the communities of which we are a part and our employees as we navigate the ongoing pandemic and related environment. As a part of this effort, during the quarter we announced a commitment to provide $20 million over 5 years to expand access to resources that address essential human needs, including food, housing, healthcare and education, to bridge the gap that threatens the broader prosperity of our society. We will continue to work closely with the communities we serve through philanthropic contributions, community investments and employee volunteer service,” said Michael O’Grady, Chairman and Chief Executive Officer.