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Welcome to the Northern Trust Newsroom
As of December 31 2021, Northern Trust Corporation had:
$16.2trillion assets under custody/administration
$12.6trillion in assets under custody
$1.6trillion in assets under management
$184billion in banking assets
NORTHERN TRUST CORPORATION REPORTS FOURTH QUARTER NET INCOME OF $406.4 MILLION, EARNINGS PER DILUTED COMMON SHARE OF $1.91
“Northern Trust’s performance in the fourth quarter of 2021 generated a 9% increase in revenue versus last year and a return on average common equity of 14.5%. Revenue growth reflected strong organic growth across each of our businesses, which also contributed to full year earnings growth and a return on average common equity of 13.9%. During the year we executed on our key growth initiatives and enhanced our foundational strength through advancements in our data and digital efforts, while also improving our productivity. The year also benefited from an improved outlook in projected economic conditions driving a release of reserves for credit losses. I want to commend the efforts of our employees around the world, whose commitment, expertise and professionalism in serving our clients and communities continue to be extraordinary. As we enter 2022, we remain focused on our long-term priorities and investing wisely for future profitable growth to deliver long-term value to our various stakeholders.”
Q4 Earnings Report
Fourth Quarter 2021 Earnings – Thursday, January 20th at 11:00 a.m. (CT)
Q4 Trends Report
Fourth Quarter 2021 Earnings – Thursday, January 20th at 11:00 a.m. (CT)
Michael O'Grady is Chairman and Chief Executive Officer of Northern Trust, a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.
Steven L. Fradkin serves as President of the Wealth Management business unit at Northern Trust and has been a member of the Corporation’s Management Committee since 2004.
Pete is an Executive Vice President and a member of Northern Trust’s Management Group in Chicago. Pete currently serves as the President of Northern Trust Asset Servicing.
EMEA & APAC Media Contacts
Camilla Greene
London
+44 (0) 20 7982 2176
Marcel Klebba
London
+44 (0) 20 7982 1994