Last $63.64 USD
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As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

northern trust corp (NTRS) Key Developments

Northern Trust Corporation Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Net Charge-Offs for the Third Quarter Ended September 30, 2014

Northern Trust Corporation announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $249.3 million compared to $237.0 million a year ago. Total revenue was $1,078.9 million compared to $1,047.2 million a year ago. Income before income taxes was $304.2 million compared to $301.5 million a year ago. Net income was $204.5 million or $0.84 per diluted share compared to $206.5 million or $0.84 per diluted share a year ago. Return on average common equity was 10.10% compared to 10.64% a year ago. Return on average assets was 0.77% compared to 0.86% a year ago. Book value per share was $34.62 against $32.71 per share a year ago. Revenue growth was the result of higher trust investment and other servicing fees and net interest income. For the nine months, the company reported net interest income of $741.6 million compared to $683.2 million a year ago. Total revenue was $3,201.1 million compared to $3,044.1 million a year ago. Income before income taxes was $844.4 million compared to $829.8 million a year ago. Net income was $567.8 million or $2.34 per diluted share compared to $561.6 million or $2.29 per diluted share a year ago. Return on average common equity was 9.52% compared to 9.84% a year ago. Return on average assets was 0.74% compared to 0.81% a year ago. For the third quarter of 2014, the company recorded net charge-offs totaled $5.2 million resulting from $8.6 million of charge-offs and $3.4 million of recoveries, compared to $5.9 million of net charge-offs in the prior quarter resulting from $7.8 million of charge-offs and $1.9 million of recoveries.

Northern Trust Declares Quarterly Dividends for Common and Preferred Stock, Payable on January 1, 2015

Northern Trust Corporation declared a quarterly cash dividend of $0.33 per share on its common stock ($1.66-2/3 par value), payable on January 1, 2015 to stockholders of record on December 5, 2014. Northern Trust Corporation also declared a quarterly cash dividend of $593.125 per share of 5.85% Series C non-cumulative perpetual preferred stock (resulting in a distribution of approximately $0.593125 per depositary share) payable on January 1, 2015 to stockholders of record on December 15, 2014. The initial dividend payment covers the period from the date of issuance, August 5, 2014, through December 31, 2014.

Northern Trust Corporation Names Claudia B. Sangster as Director of Family Education and Governance

Northern Trust announced that Claudia B. Sangster has joined the firm's Wealth Management division as Director of Family Education and Governance, based in Los Angeles. Prior to joining Northern Trust, Sangster was with CTC myCFO, where she served as the Director of Philanthropy, Estate and Trust Services.

Northern Trust Corporation Presents at The 18th Annual Sub-Advised Funds Forum, Oct-22-2014 09:10 AM

Northern Trust Corporation Presents at The 18th Annual Sub-Advised Funds Forum, Oct-22-2014 09:10 AM. Venue: Westin Times Square, 270 West 43rd St., New York, NY 10036, New York, United States. Speakers: Mark Meisel, Senior Vice President.

Northern Trust Corporation(NasdaqGS:NTRS.P) added to S&P Preferred Stock Index

Northern Trust Corporation(NasdaqGS:NTRS.P) added to S&P Preferred Stock Index

 

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