Northern Trust Corporation · NASDAQ:NTRS

Northern Trust — Q2 2022 Earnings Presentation

11 slides from Northern Trust's earnings presentation, Jul 20, 2022

  1. Slide 1: Northern Trust Corporation Second Quarter 2022 Quarterly Earnings Review

    1northerntrust.com | © 2022 NorthernTrust Northern Trust Corporation .Second Quarter 2022 Quarterly Earnings Review . July 20, 2022

  2. Slide 2: Executive Summary

    2northerntrust.com | © 2022 NorthernTrust 2Q22 End of Period Month Lag1 Quarter Lag2 YoY Seq YoY Seq YoY Seq S&P 500 (11.9)% (16.4)% 3.5% (6.3)% 14.0% (4.9)% MSCI EAFE Local (9.0)% (8.8)% 0.8% (2.6)% 3.7% (4.4)% 1 month Libor (Avg) 91 bps 79 bps 3 month Libor (Avg) 138 bps 102 bps EUR / USD 13.4% 6.

  3. Slide 3: Summary Results & Key Metrics

    3northerntrust.com | © 2022 NorthernTrust SUMMARY RESULTS & KEY METRICS $ in millions (except EPS and as noted) % Change Vs. 2Q 2022 2Q 2021 1Q 2022 Revenue (FTE1) $1,779.8 12% 3% Noninterest Expense 1,223.6 9% 1% Provision for Credit Losses 4.5 N/M 125% Net Income $396.2 8% 2% Diluted Earnings per

  4. Slide 4: Total Revenue

    4northerntrust.com | © 2022 NorthernTrust TOTAL REVENUE $ in millions Total Revenue (FTE1) $1,075 $1,111 $1,111 $1,168 $1,143 $71 $66 $77 $81 $78 $99 $110 $119 $88 $89 $344 $357 $371 $388 $470 $1,589 $1,645 $1,677 $1,725 $1,780 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 +12% +3% Trust, Investment and O

  5. Slide 5: Trust, Investment & Other Servicing Fees

    5northerntrust.com | © 2022 NorthernTrust TRUST, INVESTMENT & OTHER SERVICING FEES $ in millions (except as noted) % Change Vs. Trust, Investment & Other Servicing Fees 2Q 2022 2Q 2021 1Q 2022 Custody & Fund Administration $433.8 (5)% (4)% Investment Management 148.4 +47% +1% Securities Lending 21.6

  6. Slide 6: Net Interest Income

    6northerntrust.com | © 2022 NorthernTrust NET INTEREST INCOME Average Earning Assets ($ in billions) $142.0 $144.0 $148.8 $149.8 $139.9 0.97% 0.98% 0.99% 1.05% 1.35% 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 NII (FTE1) in millions $ 343.9 $ 357.1 $ 370.6 $ 387.7 $469.8 Loans & Leases Securities Deposi

  7. Slide 7: Noninterest Expense

    7northerntrust.com | © 2022 NorthernTrust NONINTEREST EXPENSE $ in millions Total Noninterest Expense $605 $598 $618 $668 $666 $218 $211 $224 $213 $213 $178 $185 $196 $194 $204 $52 $54 $52 $51 $51 $68 $81 $79 $80 $90 $1,121 $1,129 $1,169 $1,206 $1,224 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 +9% +1%

  8. Slide 8: Capital

    8northerntrust.com | © 2022 NorthernTrust CAPITAL Northern Trust Corporation Capital Ratios Advanced Approach Common Equity Tier 1 11.6% Tier 1 12.7% Total 13.7% Tier 1 Leverage 6.7% Supplementary Leverage 7.6% Standardized Approach Common Equity Tier 1 10.5% Tier 1 11.5% Total 12.6% Tier 1 Leverage

  9. Slide 9: Appendix

    9northerntrust.com | © 2022 NorthernTrust Appendix

  10. Slide 10: Reconciliation of Non-GAAP Financial Measures

    10northerntrust.com | © 2022 NorthernTrust RECONCILIATION OF NON-GAAP FINANCIAL MEASURES The following table presents a reconciliation of total revenue, net interest income, net interest margin and pre-tax margin prepared in accordance with GAAP to such measures on a fully taxable equivalent (FTE) b

  11. Slide 11: Forward-Looking Statements

    11northerntrust.com | © 2022 NorthernTrust FORWARD-LOOKING STATEMENTS 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 ident

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