Discontinued — last reported Q4 '23
Business Segments · Provision (Benefit) for Income Taxes
ASSET SERVICING — Provision (Benefit) for Income Taxes
Northern Trust ASSET SERVICING — Provision (Benefit) for Income Taxes remained flat by 0.0% to $46.78M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 23.1%, from $60.80M to $46.78M. Over 2 years (FY 2021 to FY 2023), ASSET SERVICING — Provision (Benefit) for Income Taxes shows relatively stable performance with a -1.8% CAGR.
Analysis
StatementSegment
CategoryOther
SignalContext dependent
VolatilityStable
First reportedQ1 2018
Last reportedQ4 2023
How to read this metric
Changes are generally driven by fluctuations in pre-tax income or changes in effective tax rates rather than operational performance.
Detailed definition
The estimated income tax expense or benefit allocated to the asset servicing segment based on its pre-tax earnings. This...
Peer comparison
Standard tax accounting metric for business segments.
Metric ID:
ntrs_segment_asset_servicing_provision_benefit_for_income_taxesHistorical 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 | $53.00M | $50.00M | $41.00M | $60.80M | $60.80M | $60.80M | $60.80M | $46.78M | $46.78M | $46.78M | $46.78M |
| QoQ Change | — | -5.7% | -18.0% | +48.3% | +0.0% | +0.0% | +0.0% | -23.1% | +0.0% | +0.0% | +0.0% |
| YoY Change | — | — | — | — | +14.7% | +21.6% | +48.3% | -23.1% | -23.1% | -23.1% | -23.1% |
Range$41.00M – $60.80M
CAGR-4.9%
Avg YoY Growth-1.1%
Median YoY Growth-23.1%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is Northern Trust's asset servicing — provision (benefit) for income taxes?
- Northern Trust (NTRS) reported asset servicing — provision (benefit) for income taxes of $46.78M in Q4 2023.
- How has Northern Trust's asset servicing — provision (benefit) for income taxes changed year-over-year?
- Northern Trust's asset servicing — provision (benefit) for income taxes decreased by 23.1% year-over-year, from $60.80M to $46.78M.
- What is the long-term trend for Northern Trust's asset servicing — provision (benefit) for income taxes?
- Over 2 years (2021 to 2023), Northern Trust's asset servicing — provision (benefit) for income taxes has grown at a -1.8% compound annual growth rate (CAGR), from $194.10M to $187.10M.
- What does asset servicing — provision (benefit) for income taxes mean?
- The amount of tax expense allocated to the asset servicing segment.