Northern Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	8,625	9,762	7,325	2,878	1,407
Interest Paid on Deposits	6,214	7,585	5,343	990.5	23.8
Net Interest Income	2,411	2,177	1,982	1,887	1,383
Net Interest Income Growth (YoY)	10.74%	9.84%	5.02%	36.49%	-4.19%
Trust Income	5,018	4,728	4,362	4,433	4,361
Gain (Loss) on Sale of Investments	-	-189.3	-169.5	-214	-0.3
Other Non-Interest Income	657.6	1,575	599.2	655.4	721
Total Non-Interest Income	5,675	6,113	4,792	4,874	5,082
Non-Interest Income Growth (YoY)	-7.16%	27.59%	-1.69%	-4.09%	9.11%
Revenues Before Loan Losses	8,086	8,290	6,774	6,761	6,465
Provision for Loan Losses	-7.5	-3	24.5	12	-81.5
Revenue	8,094	8,293	6,749	6,749	6,546
Revenue Growth (YoY)	-2.41%	22.88%	-0.00%	3.10%	9.54%
Salaries and Employee Benefits	2,975	2,688	2,572	2,560	2,347
Occupancy Expenses	-	77	71.1	219.1	208.7
Selling, General & Administrative	2,375	2,414	2,206	1,921	1,747
Other Non-Interest Expense	354.8	348.6	313.5	282.6	233.6
Total Non-Interest Expense	5,705	5,527	5,163	4,983	4,536
EBT Excluding Unusual Items	2,389	2,767	1,586	1,766	2,010
Legal Settlements	-	-10.6	-	-	-
Other Unusual Items	9.5	-96.5	-121.3	-	-
Pretax Income	2,340	2,660	1,465	1,766	2,010
Income Tax Expense	602.6	628.4	357.5	430.3	464.8
Net Income	1,737	2,031	1,107	1,336	1,545
Preferred Dividends & Other Adjustments	57.7	58.7	53.4	53.6	54.7
Net Income to Common	1,679	1,972	1,054	1,282	1,491
Net Income Growth	-14.49%	83.43%	-17.12%	-13.54%	27.79%
Basic Shares Outstanding	191	201	207	208	208
Diluted Shares Outstanding	192	202	208	209	209
Shares Change (YoY)	-4.77%	-2.74%	-0.62%	-0.01%	-0.05%
EPS (Basic)	8.78	9.80	5.09	6.16	7.16
EPS (Diluted)	8.74	9.77	5.08	6.14	7.14
EPS Growth	-10.54%	92.32%	-17.26%	-14.01%	30.77%
Dividend Per Share	3.100	3.000	3.000	2.900	2.800
Dividend Growth	3.33%	-	3.45%	3.57%	-
Effective Tax Rate	25.76%	23.63%	24.41%	24.36%	23.12%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.