Northern Trust Corporation · NASDAQ:NTRS
Northern Trust — Q2 2024 Earnings Presentation
13 slides from Northern Trust's earnings presentation, Jul 17, 2024
Slide 1: Northern Trust Corporation Second Quarter 2024 Quarterly Earnings Review
northerntrust.com / © 2024 Northern Trust NORTHERN TRUST CORPORATION Second Quarter 2024 Quarterly Earnings Review
Slide 2: 130+ years of strength, stability & stewardship
northerntrust.com / © 2024 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: 2023 Northern Trust
northerntrust.com / © 2023 Northern Trust 34 3
Slide 4: Financial Highlights & Key Metrics
¹ Revenue and profit margin (pre-tax) stated on a fully taxable equivalent (FTE) basis are non-GAAP financial measures. A reconciliation to reported revenue and reported profit margin (pre-tax) prepared in accordance with U.S. generally accepted accounting principles (GAAP) is included in the Append
Slide 5: Asset Servicing Highlights
northerntrust.com / © 2024 Northern Trust $621.2 $626.0 $611.7 $639.6 $650.6 $427.4 $428.1 $420.4 $436.7 $445.9 $134.1 $137.1 $130.7 $140.0 $145.7 $21.5 $20.4 $22.0 $17.9 $16.5$38.2 $40.4 $38.6 $45.0 $42.5 Other Securities Lending Investment Management Custody and Fund Administration 2Q 2023 3Q 2023
Slide 6: Wealth Management Highlights
northerntrust.com / © 2024 Northern Trust Wealth Management Highlights 6 Categories may not sum due to rounding. ¹ Client assets for the current quarter are considered preliminary until the Form 10-Q is filed with the Securities and Exchange Commission. % CHANGE VS. Wealth Management Client Assets¹
Slide 7: Net Interest Income and Balance Sheet Trends
northerntrust.com / © 2024 Northern Trust $524.6 $469.4 $501.1 $535.4 $529.8 Net Interest Income (FTE¹) 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 $134.1 $128.3 $125.0 $133.8 $135.4 $34.4 $28.0 $26.0 $35.9 $35.9 $49.6 $50.4 $49.2 $48.5 $50.0 $42.4 $42.2 $42.2 $41.6 $41.0 $7.8 $7.7 $7.7 $7.8 $8.5 Other
Slide 8: Noninterest Expense
$1,331.9 $1,278.2 $1,388.5 $1,364.7 $1,533.9 $705.9 $658.9 $666.0 $728.2 $765.4 $230.9 $229.6 $235.2 $229.3 $260.9 $229.3 $232.5 $252.0 $252.7 $277.5$53.8 $58.7 $58.5 $54.1 $54.8 $112.0 $98.5 $176.8 $100.4 $175.3 Other Operating Expense Occupancy Equipment and Software Outside Services Compensation
Slide 9: Capital Update
7.4% 7.9% 8.1% 7.8% 8.0% 2Q23 3Q23 4Q23 1Q24 2Q24 11.3% 11.4% 11.4% 11.4% 12.6% 2Q23 3Q23 4Q23 1Q24 2Q24 Capital Update 9 Standardized Tier 1 Leverage northerntrust.com / © 2024 Northern Trust Capital Highlights • Robust capital and liquidity • $11.8 billion in Tier 1 capital • 61% of deposits cover
Slide 10: Appendix
Appendix northerntrust.com / © 2024 Northern Trust
Slide 11: Reconciliation of Non-GAAP Financial Measures
northerntrust.com / © 2024 Northern Trust Reconciliation of Non-GAAP Financial Measures 11 The following table presents a reconciliation of interest income, net interest income, net interest margin, total revenue, pre-tax income, and profit margin (pre-tax) prepared in accordance with GAAP to such m
Slide 12: Forward-looking Statements
northerntrust.com / © 2024 Northern Trust Forward-looking Statements 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
wy NORTHERN TRUST