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About Northern Trust
Global Leadership, Enduring Principles
Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, fiduciary and banking solutions to corporations, institutions and affluent individuals. For more than 120 years, we have evolved with the changing needs of our clients and our world.
As of March 31, 2012, Northern Trust Corporation had:
- $92 billion in banking assets
- $4.6 trillion in assets under custody
- $717 billion in assets under management
Recent News
Northern Trust Corporation Reports First Quarter 2012 Net Income of $161.2 Million, Earnings per Common Share of $0.66.
Frederick H. Waddell, Chairman and Chief Executive Officer, commented, "Our performance in the first quarter reflects strong new business, higher equity markets and disciplined expense management. Expenses, excluding charges, improved sequentially, evidencing our continued efforts to improve productivity and profitability.
Earlier this quarter, we were pleased to announce a 7% increase in our quarterly dividend, to $0.30 per common share, and a new share repurchase authorization. Northern Trust is one of only two major U.S. banks that did not cut its quarterly dividend throughout the financial crisis. These recent actions were part of our capital plan, which was reviewed without objection by the Federal Reserve, and reflect our strong capital position, focused business model and conservative risk profile."
