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Welcome to the Northern Trust Newsroom
As of March 31 2023, Northern Trust Corporation had:
$14.2trillion assets under custody/administration
$11trillion in assets under custody
$1.3trillion in assets under management
$151billion in banking assets
NORTHERN TRUST CORPORATION REPORTS FIRST QUARTER NET INCOME OF $334.6 MILLION, EARNINGS PER DILUTED COMMON SHARE OF $1.51
The recent disruptions in the banking sector reinforce the importance of Northern Trust’s 130 year track record of strength and stability. New and existing clients have consistently turned to us for their liquidity needs during periods of market stress, and the first quarter of 2023 was no exception.”
“Our results for the quarter reflect year-over-year revenue growth of 2% and a return on common equity of 12.4%. Expense growth moderated compared to the previous quarter as we balanced spending discipline against investments to drive future growth. As we look ahead, we remain well-positioned to support our clients’ needs while successfully navigating the ever-shifting macroeconomic environment.”
Q1 Earnings Report
First Quarter 2023 Earnings – Tuesday, April 25th at 8:00 a.m. (CT)
Q1 Trends Report
First Quarter 2023 Earnings – Tuesday, April 25th at 8:00 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