Discontinued — last reported Q4 '23
Business Segments · Noninterest Expense
ASSET SERVICING — Noninterest Expense
Northern Trust ASSET SERVICING — Noninterest Expense remained flat by 0.0% to $818.30M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 5.8%, from $773.18M to $818.30M. Over 2 years (FY 2021 to FY 2023), ASSET SERVICING — Noninterest Expense shows an upward trend with a 6.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2018
Last reportedQ4 2023Feb 27, 2024
Rolls up toTotal Operating Expenses
How to read this metric
Rising expenses relative to revenue indicate declining efficiency, while controlled expenses suggest effective operational leverage.
Detailed definition
Total operating costs incurred by the asset servicing segment, including compensation, technology, and administrative ex...
Peer comparison
Standard operating expense metric for business segments.
Metric ID:
ntrs_segment_asset_servicing_noninterest_expenseHistorical Data
11 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $703.60M | $716.60M | $729.70M | $773.18M | $773.18M | $773.18M | $773.18M | $818.30M | $818.30M | $818.30M | $818.30M |
| QoQ Change | — | +1.8% | +1.8% | +6.0% | +0.0% | +0.0% | +0.0% | +5.8% | +0.0% | +0.0% | +0.0% |
| YoY Change | — | — | — | — | +9.9% | +7.9% | +6.0% | +5.8% | +5.8% | +5.8% | +5.8% |
Range$703.60M – $818.30M
CAGR+6.2%
Avg YoY Growth+6.7%
Median YoY Growth+5.8%
Current Streak10+ quarters growth
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Frequently Asked Questions
- What is Northern Trust's asset servicing — noninterest expense?
- Northern Trust (NTRS) reported asset servicing — noninterest expense of $818.30M in Q4 2023.
- How has Northern Trust's asset servicing — noninterest expense changed year-over-year?
- Northern Trust's asset servicing — noninterest expense increased by 5.8% year-over-year, from $773.18M to $818.30M.
- What is the long-term trend for Northern Trust's asset servicing — noninterest expense?
- Over 2 years (2021 to 2023), Northern Trust's asset servicing — noninterest expense has grown at a 6.9% compound annual growth rate (CAGR), from $2.86B to $3.27B.
- What does asset servicing — noninterest expense mean?
- Total operating costs required to run the asset servicing business.