The company said net income for Q2 2024 was $896.1 million, with diluted earnings per share of $4.34. Net income was $214.7 million and diluted EPS was $0.96 in the prior quarter, and $331.8 million and $1.56 in the year-earlier period.

1. 01

   The company said net income for Q2 2024 was $896.1 million, with diluted earnings per share of $4.34. Net income was $214.7 million and diluted EPS was $0.96 in the prior quarter, and $331.8 million and $1.56 in the year-earlier period.

2. 02

   Northern Trust said its results for Q2 included a net gain of $878.4 million related to the Visa transaction and restructuring charges and other notable items of $196.3 million. These included severance-related charges of $85.2 million and a $70.0 million charitable commitment to the Northern Trust Foundation.

3. 03

   The company said trust, investment and other servicing fees for Q2 were $1,166.1 million, up 6% from $1,096.3 million a year earlier. It said net interest income (FTE) was $529.8 million and net interest margin (FTE) was 1.57%.

4. 04

   Northern Trust said it returned about $405.1 million to common shareholders in Q2 through dividends and share repurchases. It repurchased 3,001,216 shares at a cost of $250.8 million, and its Standardized Approach CET1 ratio was 12.6% as of June 30, 2024.

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.

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

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