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As of June 30 2021, Northern Trust Corporation had:

NORTHERN TRUST CORPORATION REPORTS SECOND QUARTER NET INCOME OF $368.1 MILLION, EARNINGS PER DILUTED COMMON SHARE OF $1.72
“Northern Trust’s performance in the second quarter reflected continued strong momentum across all of our businesses. Revenue and net income grew by 5% and 18%, respectively, compared to the prior year, and we generated a return on average common equity of 13.7%. Revenue growth was driven by new business and favorable markets against the adverse impact of low interest rates. Trust, investment and other servicing fees grew 12% and were partially offset by a 9% decline in net interest income. Expense increased 8%, driven primarily by new business, investments in technology, unfavorable currency translation and a pension settlement charge. Similar to the prior quarter, we also benefited from an improved outlook in projected economic conditions driving a release of reserves for credit losses. We continued to focus on serving our clients, executing on our long-term priorities, driving operating efficiency and investing wisely for future profitable growth.””

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