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AI brief of an SEC Form 8-K · Northern Trust (NTRS)

Northern Trust Q3 net income rises 42% to $464.9 million, EPS $2.22

Positive Impact 3 of 5 earnings Written later

Northern Trust reported third-quarter 2024 net income of $464.9 million, or $2.22 per diluted share, up from $327.8 million and $1.49 a year earlier but down from $896.1 million and $4.34 in the second quarter. Trust fees rose 8% and net interest income rose 21% from the prior-year quarter, while the sequential decline mainly reflects notable items recorded in the second quarter.

Key points

  • Net income of $464.9 million, or $2.22 per diluted share, versus $327.8 million and $1.49 in Q3 2023
  • Total revenue (FTE, non-GAAP) of $1,975.6 million, up 14% from Q3 2023 and down 27% from Q2 2024
  • Third quarter included a $68.1 million pre-tax gain on the sale of an equity investment
  • Returned more than $450 million to shareholders, including $301.4 million spent on 3,463,546 repurchased shares

The filing

CompanyNorthern Trust (NTRS)
Form8-K, current report
Filed with the SECOct 23, 2024, 7:06 AM ET
Accession number0000073124-24-000251

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.