Discontinued — last reported Q3 '24
Business Segments · Provision for Income Taxes
ASSET SERVICING — Provision for Income Taxes
Northern Trust ASSET SERVICING — Provision for Income Taxes increased by 76.2% to $57.10M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 5.2%, from $54.30M to $57.10M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryOther
SignalLower is better
VolatilityStable
First reportedQ1 2021
Last reportedQ3 2024
How to read this metric
Changes generally track with pre-tax income levels, though shifts in effective tax rates can also influence this figure.
Detailed definition
The estimated tax expense allocated to the asset servicing segment based on its pre-tax income and applicable tax rates....
Peer comparison
Standard tax provision reporting consistent with segment-level financial disclosures.
Metric ID:
ntrs_segment_asset_servicing_provision_for_income_taxesHistorical Data
11 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $53.00M | $50.00M | $51.80M | $74.50M | $67.70M | $60.50M | $52.60M | $54.30M | $56.60M | $32.40M | $57.10M |
| QoQ Change | — | -5.7% | +3.6% | +43.8% | -9.1% | -10.6% | -13.1% | +3.2% | +4.2% | -42.8% | +76.2% |
| YoY Change | — | — | — | +40.6% | +35.4% | +16.8% | -29.4% | -19.8% | -6.4% | -38.4% | +5.2% |
Range$32.40M – $74.50M
CAGR+3.0%
Avg YoY Growth+0.5%
Median YoY Growth-0.6%
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Frequently Asked Questions
- What is Northern Trust's asset servicing — provision for income taxes?
- Northern Trust (NTRS) reported asset servicing — provision for income taxes of $57.10M in Q3 2024.
- How has Northern Trust's asset servicing — provision for income taxes changed year-over-year?
- Northern Trust's asset servicing — provision for income taxes increased by 5.2% year-over-year, from $54.30M to $57.10M.
- What does asset servicing — provision for income taxes mean?
- The amount of income tax expense attributed to the asset servicing segment.