What is Northern Trust's asset servicing — provision for credit losses?

Northern Trust (NTRS) reported asset servicing — provision for credit losses of $125.00K in Q4 2023.

How has Northern Trust's asset servicing — provision for credit losses changed year-over-year?

Northern Trust's asset servicing — provision for credit losses decreased by 79.2% year-over-year, from $600.00K to $125.00K.

What is the long-term trend for Northern Trust's asset servicing — provision for credit losses?

Over 2 years (2021 to 2023), Northern Trust's asset servicing — provision for credit losses has grown at a -87.8% compound annual growth rate (CAGR), from -$33.80M to $500.00K.

What does asset servicing — provision for credit losses mean?

Funds set aside to cover potential losses from unpaid loans.

Discontinued — last reported Q4 '23

Business Segments · Provision for Credit Losses

ASSET SERVICING — Provision for Credit Losses

Northern Trust ASSET SERVICING — Provision for Credit Losses remained flat by 0.0% to $125.00K in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 79.2%, from $600.00K to $125.00K. Over 2 years (FY 2021 to FY 2023), ASSET SERVICING — Provision for Credit Losses shows an upward trend with a -87.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryRisk

SignalLower is better

VolatilityVolatile

First reportedQ2 2019

Last reportedQ4 2023Feb 27, 2024

Rolls up toProvision for Credit Losses

How to read this metric

An increase indicates rising credit risk or deteriorating asset quality, while a decrease or reversal suggests improving credit conditions.

Detailed definition

An expense set aside to cover potential losses from loans or credit extensions within the asset servicing segment. It re...

Peer comparison

Standard risk metric for any segment with a lending component.

Metric ID: ntrs_segment_asset_servicing_provision_for_credit_losses

Historical 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	-$16.80M	-$6.90M	-$4.70M	$600.00K	$600.00K	$600.00K	$600.00K	$125.00K	$125.00K	$125.00K	$125.00K
QoQ Change	—	+58.9%	+31.9%	+112.8%	+0.0%	+0.0%	+0.0%	-79.2%	+0.0%	+0.0%	+0.0%
YoY Change	—	—	—	—	+103.6%	+108.7%	+112.8%	-79.2%	-79.2%	-79.2%	-79.2%

Range-$16.80M – $600.00K

CAGR-85.9%

Avg YoY Growth+1.2%

Median YoY Growth-79.2%

Current Streak3 quarters growth

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Frequently Asked Questions

What is Northern Trust's asset servicing — provision for credit losses?: Northern Trust (NTRS) reported asset servicing — provision for credit losses of $125.00K in Q4 2023.
How has Northern Trust's asset servicing — provision for credit losses changed year-over-year?: Northern Trust's asset servicing — provision for credit losses decreased by 79.2% year-over-year, from $600.00K to $125.00K.
What is the long-term trend for Northern Trust's asset servicing — provision for credit losses?: Over 2 years (2021 to 2023), Northern Trust's asset servicing — provision for credit losses has grown at a -87.8% compound annual growth rate (CAGR), from -$33.80M to $500.00K.
What does asset servicing — provision for credit losses mean?: Funds set aside to cover potential losses from unpaid loans.