The earnings call reflected strong financial performance and strategic progress, with significant growth in Trust fees, net interest income, and EPS. The successful implementation of the One Northern Trust strategy and achievements in Wealth Management and Asset Management were notable highlights. However, there were concerns about service quality due to headcount reductions and currency impacts on revenue growth.

Company Guidance

During Northern Trust Corporation's Fourth Quarter 2024 Earnings Call, the company provided robust guidance for the coming year. Trust fees increased by 12%, net interest income grew by 15%, and earnings per share surged over 50% compared to the prior year. The company generated positive Trust fee and total operating leverage for the second consecutive quarter, demonstrating successful execution of their One Northern Trust strategy. For the full year, revenue rose by 8%, contributing to a 24% increase in EPS. The company returned more than $400 million to shareholders in Q4 and $1.5 billion for the year, marking a five-year high. Looking forward, Northern Trust aims for an expense-to-Trust fee ratio of 105% to 110%, pretax margins above 30%, and ROE in the upper half of the 10% to 15% range, along with double-digit EPS growth and significant capital returns.

Strong Revenue and EPS Growth

Fourth quarter Trust fees were up 12%, net interest income grew 15%, and earnings per share grew by more than 50%. For the full year, excluding notables, revenue was up 8% with EPS growth of 24%.

Successful One Northern Trust Strategy

The strategy resulted in 140 new business opportunities and nearly $3 billion raised in NTAM history, demonstrating the effectiveness of the One Northern Trust strategy.

Wealth Management Achievements

Increased wealth deposits by 9% and expanded segment pretax margin by nearly 400 basis points. Awarded Best Private Bank in the U.S. for the 13th time in 16 years.

Asset Management Growth

Achieved positive inflows for the year, including 13% growth in liquidity, surpassing $300 billion in AUM and generating positive long-term flows in the second half of the year.

Asset Servicing Growth

Capital markets business grew 17% in 2024, with 50% of this growth from new clients, leading to improved organic growth and profitability.

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Northern (NTRS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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NTRS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 18, 2018	2018 (Q2)	- / 1.68	1.18	42.37% (+0.50)	―	―
Oct 17, 2018	2018 (Q3)	- / 1.58	1.222	29.30% (+0.36)	―	―
Jan 23, 2019	2018 (Q4)	- / 1.80	1.424	26.40% (+0.38)	―	―
Apr 23, 2019	2019 (Q1)	- / 1.48	1.58	-6.33% (-0.10)	―	―
Jul 24, 2019	2019 (Q2)	- / 1.75	1.68	4.17% (+0.07)	―	―
Oct 23, 2019	2019 (Q3)	- / 1.69	1.58	6.96% (+0.11)	―	―
Jan 22, 2020	2019 (Q4)	- / 1.70	1.8	-5.56% (-0.10)	―	―
Apr 21, 2020	2020 (Q1)	- / 1.55	1.48	4.73% (+0.07)	―	―
Jul 22, 2020	2020 (Q2)	- / 1.46	1.75	-16.57% (-0.29)	―	―
Oct 21, 2020	2020 (Q3)	- / 1.32	1.69	-21.89% (-0.37)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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NTRS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 23, 2025	$107.39	$109.54	+2.00%
Oct 23, 2024	$95.14	$101.81	+7.01%
Jul 17, 2024	$89.39	$84.86	-5.07%
Apr 16, 2024	$81.70	$77.65	-4.96%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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