Northern Trust (NTRS) Tops Q4 EPS by 8c
Northern Trust (NASDAQ: NTRS) reported Q4 EPS of $0.99, $0.08 better than the analyst estimate of $0.91. Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.16 billion.
“Northern Trust delivered strong performance in 2015, with net income and earnings per share increasing 20%. Our fourth quarter and full year results reflect our ongoing focus on serving the needs of our clients, while enhancing profitability and returns for our shareholders. Our return on average common equity improved to 11.5% in 2015 from 10.0% in 2014. We increased our quarterly common stock dividend by 9% to $0.36 per share and repurchased 6.9 million shares during the year, returning $830 million in capital to our common shareholders.
Revenue growth of 9% in 2015 reflects significant increases in trust, investment and other servicing fees and net interest income. Expenses increased 5%, reflecting continued strong growth in our business and ongoing investments to support technology and regulatory initiatives,” said Frederick H. Waddell, Chairman and Chief Executive Officer.
For earnings history and earnings-related data on Northern Trust (NTRS) click here.
