Categories Analysis, Finance

Northern Trust Corporation (NTRS) Q2 2023 Earnings Summary

Northern Trust Corporation (NASDAQ: NTRS) reported its second quarter 2023 earnings results today.

Total revenue decreased 1% year-over-year to $1.77 billion.

Net income decreased 16% to $331.8 million, or $1.56 per share, compared to last year.

Net interest income rose 12% YoY to $524.6 million.

Non-interest expense grew 9% to $1.3 billion.

Total assets under management increased 5% YoY to $1.36 trillion.

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