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As of December 31 2020, Northern Trust Corporation had:

NORTHERN TRUST CORPORATION REPORTS FOURTH QUARTER NET INCOME OF $240.9 MILLION, EARNINGS PER DILUTED COMMON SHARE OF $1.12
“Northern Trust’s performance during the quarter and year demonstrated the continued strength of our company,” said Michael O’Grady, Chairman and Chief Executive Officer. “Throughout the year, our strong capital base and liquidity profile enabled us to continue to support the needs of our clients. Full year 2020 performance resulted in revenue consistent with the prior year. Execution on our growth strategies and overall favorable equity markets drove fees and other noninterest income growth of 6%, while net interest income declined by 14% in 2020 due to persistently low interest rates. During the fourth quarter we recognized a charge of $55.0 million associated with a reduction in force, which will allow us to improve the alignment of our operational expenses with the current economic environment. We continue to focus on serving our clients with excellence, executing on our long-term priorities, driving operating efficiency and investing wisely for future profitable growth to deliver long-term value to our various stakeholders.”

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