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AI English summary of an SEC filing — figures as filed

Northern Trust logoNorthern Trust NTRS

The company said net income for Q4 was $113.1 million, with diluted earnings per share of $0.52. The prior quarter was $327.8 million and $1.49, respectively, and the year-earlier quarter was $155.7 million and $0.71.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said net income for Q4 was $113.1 million, with diluted earnings per share of $0.52. The prior quarter was $327.8 million and $1.49, respectively, and the year-earlier quarter was $155.7 million and $0.71.

  2. The company said Q4 results included a pre-tax loss of $176.4 million ($131.7 million after tax) on available-for-sale debt securities sold in a portfolio repositioning, and a pre-tax FDIC special assessment of $84.6 million ($63.1 million after tax).

  3. The company said Trust, Investment and Other Servicing Fees were $1,090.0 million in Q4, down 2% from the prior quarter and up 5% from the year-earlier quarter. Asset Servicing fees were $611.7 million, and Wealth Management fees were $478.3 million.

  4. The company said it returned about $302.4 million to common shareholders in Q4 through dividends and share repurchases. It repurchased 1,957,885 shares of common stock for a total of $146.2 million ($74.68 average price per share) and declared a common stock cash dividend of $156.2 million.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q4 Net Income of $113.1 million, Diluted EPS of $0.52

The company said net income for Q4 was $113.1 million, with diluted earnings per share of $0.52. The prior quarter was $327.8 million and $1.49, respectively, and the year-earlier quarter was $155.7 million and $0.71.

Source · Based on the filing body and exhibits

Q4 Securities Sale Loss and FDIC Special Assessment

The company said Q4 results included a pre-tax loss of $176.4 million ($131.7 million after tax) on available-for-sale debt securities sold in a portfolio repositioning, and a pre-tax FDIC special assessment of $84.6 million ($63.1 million after tax).

Source · Based on the filing body and exhibits

Q4 Trust, Investment and Other Servicing Fees

The company said Trust, Investment and Other Servicing Fees were $1,090.0 million in Q4, down 2% from the prior quarter and up 5% from the year-earlier quarter. Asset Servicing fees were $611.7 million, and Wealth Management fees were $478.3 million.

Source · Based on the filing body and exhibits

Q4 Shareholder Returns of About $302.4 million

The company said it returned about $302.4 million to common shareholders in Q4 through dividends and share repurchases. It repurchased 1,957,885 shares of common stock for a total of $146.2 million ($74.68 average price per share) and declared a common stock cash dividend of $156.2 million.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.