Northern Trust Corporation (NTRS) Financial Statements (2024 and earlier)

Company Profile

Business Address 50 S LASALLE ST
CHICAGO, IL 60603
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,5955,0068,7629,3368,84610,131
Cash and cash equivalents6,5955,0068,7629,3368,84610,130
Short-term investments      1
Financing receivable, accrued interest, after allowance for credit loss203  
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss63  
Total current assets:6,8625,0068,7629,3368,84610,131
Noncurrent Assets
Operating lease, right-of-use asset 485531561492
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases  111143
Property, plant and equipment501489515483428465
Intangible assets, net (including goodwill)691706707817808767
Goodwill691706707697669606
Intangible assets, net (excluding goodwill)    121139161
Total noncurrent assets:1,6771,7371,7941,8351,2361,232
Other undisclosed assets146,499177,147159,448125,657122,131127,228
TOTAL ASSETS:155,037183,890170,004136,828132,213138,591
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt56753240490168834
Total current liabilities:56753240490168834
Noncurrent Liabilities
Other undisclosed liabilities143,210171,341158,276125,248121,536127,540
Total liabilities:143,777171,873158,316125,737121,704128,374
Equity
Equity, attributable to parent, including:11,26012,01711,68811,09110,50810,216
Common stock409409409409409409
Treasury stock, value(3,247)(3,298)(3,205)(3,066)(2,174)(1,392)
Additional paid in capital9849399641,0131,0691,047
Accumulated other comprehensive income (loss)(1,569)(36)428(195)(454)(414)
Retained earnings13,79913,11712,20811,65710,7779,685
Other undisclosed equity, attributable to parent8858858851,273882882
Total equity:11,26012,01711,68811,09110,50810,216
TOTAL LIABILITIES AND EQUITY:155,037183,890170,004136,828132,213138,591

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6,7616,4656,1016,0735,9605,375
Net investment income2,4061,3921,6112,3002,0811,587
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
   (92)   
Gross profit:6,7616,4656,0096,0735,9605,375
Operating expenses(1,220)(1,172)(1,099)(1,151)(1,090)(1,010)
Other operating income, net
(Noninterest Income, Other Operating Income)
191244194146128158
Operating income:5,7335,5365,1055,0684,9984,523
Nonoperating income (expense)
(gain, Foreign Currency Transaction, before Tax)
289293290251307210
Interest and debt expense(991)(24)(200)(822)(699)(340)
Income from continuing operations before equity method investments, income taxes:5,0315,8055,1954,4974,6064,393
Other undisclosed loss from continuing operations before income taxes(3,264)(3,795)(3,567)(2,552)(2,649)(2,759)
Income from continuing operations before income taxes:1,7662,0101,6281,9441,9581,634
Income tax expense(430)(465)(418)(452)(401)(435)
Income from continuing operations:1,3361,5451,2091,4921,5561,199
Income before gain (loss) on sale of properties:1,5451,2091,4921,5561,199
Net income attributable to parent:1,3361,5451,2091,4921,5561,199
Preferred stock dividends and other adjustments(42)(42)(56)(46)(46)(50)
Net income available to common stockholders, basic:1,2941,5041,1531,4461,5101,149
Other undisclosed net loss available to common stockholders, diluted(12)(13)(12)(17)(20)(19)
Net income available to common stockholders, diluted:1,2821,4911,1411,4291,4901,131

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,3361,5451,2091,4921,5561,199
Other comprehensive income (loss) (1,534)(464)623259(14)(44)
Other undisclosed comprehensive loss      
Comprehensive income (loss):(198)1,0821,8321,7511,5421,155
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(198)1,0821,8321,7511,5421,155

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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