Northern Trust Corporation · NASDAQ:NTRS
Northern Trust — Q3 2023 Earnings Presentation
13 slides from Northern Trust's earnings presentation, Oct 18, 2023
Slide 1: Exhibit 99.2
northerntrust.com / © 2023 Northern Trust Exhibit 99.2
Slide 2: 130+ years of strength, stability & stewardship
northerntrust.com / © 2023 Northern Trust 2 130+ years of strength, stability & stewardship Disciplined, client-centric strategy Product leadership & innovation Highest standards of client service Solutions-focused technology & integrated operating platform
Slide 3: northerntrust.com / © 2023 Northern Trust 33
northerntrust.com / © 2023 Northern Trust 33
Slide 4: Financial Highlights & Key Metrics
Financial Highlights & Key Metrics northerntrust.com / © 2023 Northern Trust 4 ¹ Revenue and pre-tax margin stated on a fully taxable equivalent (FTE) basis are non-GAAP financial measures. A reconciliation to reported revenue and reported pre-tax margin prepared in accordance with U.S. generally ac
Slide 5: Asset Servicing Highlights
Asset Servicing Highlights northerntrust.com / © 2023 Northern Trust 5 % CHANGE VS. Asset Servicing Client Assets¹ (in billions): 3Q 2023 2Q 2023 3Q 2022 Assets under Custody / Administration (AUC/A) $ 13,206.2 (2) % 10 % Assets under Custody (AUC) $ 10,064.4 (2) % 10 % Assets under Management (AUM)
Slide 6: Wealth Management Highlights
Wealth Management Highlights northerntrust.com / © 2023 Northern Trust 6 % CHANGE VS. Wealth Management Client Assets¹ (in billions): 3Q 2023 2Q 2023 3Q 2022 Assets under Custody / Administration (AUC/A) $ 958.5 (4) % 10 % Assets under Custody (AUC) $ 951.0 (4) % 10 % Assets under Management (AUM) $
Slide 7: Net Interest Income and Balance Sheet Trends
$525.3 $550.0 $544.4 $524.6 $469.4 Net Interest Income (FTE¹) 3Q 2022 4Q 2022 1Q 2023 2Q 2023 3Q 2023 Net Interest Income and Balance Sheet Trends northerntrust.com / © 2023 Northern Trust 7 Categories may not sum due to rounding. 1 Net interest income and net interest margin stated on an FTE basis
Slide 8: Noninterest Expense
Noninterest Expense northerntrust.com / © 2023 Northern Trust 8Categories may not sum due to rounding. Expense Notes • Expenses included the following: • Severance-related charges of $38.7 million in 2Q23 ($36.7 million in Compensation expense and $2.0 million in Outside Services expense); $32.0 mil
Slide 9: Capital Update
Standardized Tier 1 Leverage Ratio 7.0% 7.1% 7.3% 7.4% 7.9% 3Q22 4Q22 1Q23 2Q23 3Q23 10.1% 10.8% 11.3% 11.3% 11.4% 3Q22 4Q22 1Q23 2Q23 3Q23 Capital Update northerntrust.com / © 2023 Northern Trust 9 Capital Highlights • Robust capital and liquidity • $11 billion in Tier 1 capital • 56% of deposits c
Slide 10: Appendix
Appendix
Slide 11: Reconciliation of Non-GAAP Financial Measures
The following table presents a reconciliation of interest income, net interest income, net interest margin and total revenue prepared in accordance with GAAP to such measures on a fully taxable equivalent (FTE) basis, which are non-GAAP financial measures. Management believes this presentation provi
Slide 12: Forward-looking Statements
Forward-looking Statements northerntrust.com / © 2023 Northern Trust 12 This presentation may include statements which constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are iden
Slide 13: Northern Trust
w NORTHERN TRUST