UPDATE: Northern Trust (NTRS) Misses Q2 EPS by 5c

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Go back to UPDATE: Northern Trust (NTRS) Misses Q2 EPS by 5c

Northern Trust Corporation Reports Second Quarter Net Income of $267.9 Million, Earnings Per Common Share of $1.12

July 19, 2017 7:30 AM EDT

Trust, Investment and Other Servicing Fees Increased 9% over the Prior-Year Quarter

Net Interest Income Increased 14% over the Prior-Year Quarter

CHICAGO--(BUSINESS WIRE)-- Northern Trust Corporation today reported second quarter net income per diluted common share of $1.12, compared to $1.10 in the second quarter of 2016 and $1.09 in the first quarter of 2017. Net income was $267.9 million, compared to $263.0 million in the prior-year quarter and $276.1 million in the prior quarter. Return on average common equity was 11.6%.

Our second quarter results continued to demonstrate our ability to drive strong growth within both our wealth management and... More