AI English summary of an SEC filing — figures as filed
Northern Trust said net income for Q4 was $455.4 million and diluted earnings per common share was $2.26, compared to $464.9 million and $2.22 in the prior quarter and $113.1 million and $0.52 in the prior-year quarter.
Key points
AI summaryNorthern Trust said net income for Q4 was $455.4 million and diluted earnings per common share was $2.26, compared to $464.9 million and $2.22 in the prior quarter and $113.1 million and $0.52 in the prior-year quarter.
The company said Trust, Investment and Other Servicing Fees for Q4 were $1,222.2 million, up from $1,196.6 million in the prior quarter and $1,090.0 million in the prior-year quarter. It cited favorable markets and net new business as factors in the year-over-year increase in Asset Servicing.
Northern Trust said net interest income on an FTE basis for Q4 was $574.3 million and net interest margin on an FTE basis was 1.71%, compared to $569.4 million and 1.68% in the prior quarter and $501.1 million and 1.59% in the prior-year quarter.
The company said it returned approximately $402.8 million to common shareholders in Q4 through dividends and share repurchases. It declared cash dividends totaling $149.1 million to common stockholders and repurchased shares at a total cost of $253.7 million.
Summary
AI-writtenAnalysis 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 $455.4 million, diluted earnings per share $2.26
Northern Trust said net income for Q4 was $455.4 million and diluted earnings per common share was $2.26, compared to $464.9 million and $2.22 in the prior quarter and $113.1 million and $0.52 in the prior-year quarter.
Source · Based on the filing body and exhibits
Q4 Trust, Investment and Other Servicing Fees $1,222.2 million
The company said Trust, Investment and Other Servicing Fees for Q4 were $1,222.2 million, up from $1,196.6 million in the prior quarter and $1,090.0 million in the prior-year quarter. It cited favorable markets and net new business as factors in the year-over-year increase in Asset Servicing.
Source · Based on the filing body and exhibits
Q4 net interest income (FTE) $574.3 million, net interest margin 1.71%
Northern Trust said net interest income on an FTE basis for Q4 was $574.3 million and net interest margin on an FTE basis was 1.71%, compared to $569.4 million and 1.68% in the prior quarter and $501.1 million and 1.59% in the prior-year quarter.
Source · Based on the filing body and exhibits
Q4 common shareholder returns approximately $402.8 million
The company said it returned approximately $402.8 million to common shareholders in Q4 through dividends and share repurchases. It declared cash dividends totaling $149.1 million to common stockholders and repurchased shares at a total cost of $253.7 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.
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