Discontinued — last reported Q4 '23
ASSET SERVICING — Noninterest Income
Northern Trust ASSET SERVICING — Noninterest Income remained flat by 0.0% to $734.58M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 3.0%, from $757.00M to $734.58M. Over 2 years (FY 2021 to FY 2023), ASSET SERVICING — Noninterest Income shows relatively stable performance with a -1.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher income reflects strong client retention and growth in assets under administration, while lower income suggests competitive fee pressure or market-driven asset declines.
Detailed definition
Total revenue generated from fees, commissions, and trading activities within the asset servicing segment, excluding net...
Peer comparison
Core metric for all asset servicing and custody banks.
ntrs_segment_asset_servicing_noninterest_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $748.30M | $759.00M | $764.90M | $757.00M | $757.00M | $757.00M | $757.00M | $734.58M | $734.58M | $734.58M | $734.58M |
| QoQ Change | — | +1.4% | +0.8% | -1.0% | +0.0% | +0.0% | +0.0% | -3.0% | +0.0% | +0.0% | +0.0% |
| YoY Change | — | — | — | — | +1.2% | -0.3% | -1.0% | -3.0% | -3.0% | -3.0% | -3.0% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Northern Trust's asset servicing — noninterest income?
- Northern Trust (NTRS) reported asset servicing — noninterest income of $734.58M in Q4 2023.
- How has Northern Trust's asset servicing — noninterest income changed year-over-year?
- Northern Trust's asset servicing — noninterest income decreased by 3.0% year-over-year, from $757.00M to $734.58M.
- What is the long-term trend for Northern Trust's asset servicing — noninterest income?
- Over 2 years (2021 to 2023), Northern Trust's asset servicing — noninterest income has grown at a -1.5% compound annual growth rate (CAGR), from $3.03B to $2.94B.
- What does asset servicing — noninterest income mean?
- Total fee-based revenue earned by the asset servicing business.