Northern Trust Corporation · NASDAQ:NTRS

Northern Trust — Q3 2023 Earnings Presentation

13 slides from Northern Trust's earnings presentation, Oct 18, 2023

  1. Slide 1: Exhibit 99.2

    northerntrust.com / © 2023 Northern Trust Exhibit 99.2

  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

  3. Slide 3: northerntrust.com / © 2023 Northern Trust 33

    northerntrust.com / © 2023 Northern Trust 33

  4. 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

  5. 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)

  6. 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) $

  7. 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

  8. 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

  9. 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

  10. Slide 10: Appendix

    Appendix

  11. 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

  12. 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

  13. Slide 13: Northern Trust

    w NORTHERN TRUST

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