Northern Trust said revenue for the quarter ended March 31, 2025 increased to $1.9 billion, citing increases in Net Interest Income, Trust, Investment and Other Servicing Fees and Other Noninterest Income as primary factors.

1. 01

   Northern Trust said revenue for the quarter ended March 31, 2025 increased to $1.9 billion, citing increases in Net Interest Income, Trust, Investment and Other Servicing Fees and Other Noninterest Income as primary factors.

2. 02

   The company said Net Interest Income in the current quarter increased to $568.1 million, citing higher deposits and lower funding costs as primary factors. Average Federal Reserve and Other Central Bank Deposits increased to $37.2 billion from $35.9 billion in the prior-year quarter, an increase of 4%.

3. 03

   Northern Trust said Other Noninterest Income increased to $158.1 million in the current quarter, citing as a primary factor the $189.4 million available for sale debt security loss reflected in Investment Security Gains (Losses) in Q1 of the prior-year quarter.

4. 04

   The company said the Provision for Income Taxes in the current quarter totaled $129.4 million, representing an effective tax rate of 24.8%, compared to $75.9 million in the prior-year quarter, representing an effective tax rate of 26.1%.

Key figures

Quarter ended March 31, 2025

Revenue

$1.2B

Net income

$392M

EPS

$1.90

Operating cash flow

$2.8B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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