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Welcome to the Northern Trust Newsroom
Explore our press release archive for story ideas, financial research or data.
As of December 31 2024, Northern Trust Corporation had:
$16.8
trillion assets under custody/administration
$13.3
trillion in assets under custody
$1.6
trillion in assets under management
$156
billion in banking assets
NORTHERN TRUST CORPORATION REPORTS FOURTH QUARTER NET INCOME OF $455.4 MILLION, EARNINGS PER DILUTED COMMON SHARE OF $2.26
“Northern Trust finished the year with strong fourth quarter results, reflecting the progress we’ve achieved executing against our One Northern Trust strategy. Relative to the prior year, fourth quarter fee revenue grew substantially, supported by organic growth across all three businesses. Net Interest Income and net interest margin both increased, we returned more than $400 million to shareholders, and we generated a 15.3% return on common equity. Importantly, we delivered healthy trust fee and total operating leverage in both the quarter and for the full year, as our productivity initiatives are driving efficiencies while enabling continued reinvestment in the business and support for our modernization and resiliency efforts.
We begin 2025 well-positioned to build on 2024’s accomplishments, focused on accelerating growth, making further progress on our productivity initiatives, and investing for the future.”
Q4 Earnings Report
Fourth Quarter 2024 Earnings – Thursday, January 23rd at 8:00 a.m. (CT)
Q4 Trends Report
Fourth Quarter 2024 Earnings – Thursday, January 23rd at 8:00 a.m. (CT)
Michael O'Grady is Chairman and Chief Executive Officer of Northern Trust, a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.
Pete is an executive vice president and the bank's chief operating officer, a role he assumed in October 2024.
Steve is vice chairman of Northern Trust with responsibility for the operationalization of the corporation’s One Northern Trust growth strategy, one of three corporate-wide priorities, in addition to managing other strategic initiatives.
Daniel is president of Northern Trust Asset Management (NTAM), one of the world’s largest investment managers with approximately $1 trillion of assets under management.
Clive Bellows is president for Europe, Middle East and Africa (EMEA), responsible for Northern Trust’s business and regulatory affairs in the region. He is also a member of Northern Trust Corporation’s Management Group.
Mark C. Gossett is executive vice president and chief risk officer at Northern Trust, a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. He is a member of the corporation’s Management Group.
Jane Karpinski is an executive vice president at Northern Trust and Global Head of Regulatory Affairs, a role she assumed in December 2023.
Susan C. Levy is executive vice president and general counsel of Northern Trust, a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. She is a member of the corporation’s Management Group.
Teresa is an executive vice president and serves as president of Northern Trust’s Asset Servicing business, where she oversees services for sophisticated institutional clients globally.
Thomas A. South is an executive vice president at The Northern Trust Company, Chicago. Tom was appointed Executive Vice President, Chief Information Officer in September 2018, responsible for the global strategic vision and execution for Information Technology in support of the business functions to deliver the technology capabilities and solutions.
Alex is an executive vice president and the Chief Administrative Officer for Northern Trust.
Jason is an executive vice president and president of Wealth Management, which offers holistic wealth management services for affluent individuals, families, family offices, foundations, endowments and privately held businesses.
Global Media Contacts
Doug Holt
Chicago
doug.holt@ntrs.com
North America Media Contacts
John O'Connell
Chicago
john.o'connell@ntrs.com
Joanne Zalatoris
Chicago
joanne.zalatoris@ntrs.com
Landis Cullen
Chicago
landis.cullen@ntrs.com
EMEA & APAC Media Contacts
Camilla Greene
London
camilla.greene@ntrs.com
Simon Ansell
London
simon.ansell@ntrs.com