Discontinued — last reported Q3 '24
Business Segments · Revenue Including Fully Taxable Equivalent Adjustment
ASSET SERVICING — Revenue Including Fully Taxable Equivalent Adjustment
Northern Trust ASSET SERVICING — Revenue Including Fully Taxable Equivalent Adjustment increased by 5.3% to $1.12B in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 8.5%, from $1.03B to $1.12B. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ1 2021
Last reportedQ3 2024Oct 29, 2024
How to read this metric
Growth indicates successful expansion of the client base or increased service utilization, while a decline suggests market headwinds or fee pressure.
Detailed definition
The total revenue generated by the asset servicing segment, adjusted to reflect the equivalent income if tax-exempt asse...
Peer comparison
Standardized revenue metric used by banks to compare performance across different tax-advantaged investment portfolios.
Metric ID:
ntrs_segment_asset_servicing_revenue_including_fully_taxable_equivalent_adjustmentHistorical 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 | $901.40M | $917.90M | $991.00M | $1.03B | $1.03B | $1.03B | $1.05B | $1.03B | $1.06B | $1.06B | $1.12B |
| QoQ Change | — | +1.8% | +8.0% | +4.4% | -0.2% | +0.0% | +1.8% | -2.3% | +3.6% | -0.5% | +5.3% |
| YoY Change | — | — | — | +14.8% | +12.5% | +4.3% | +1.7% | -0.5% | +3.0% | +0.7% | +8.5% |
Range$901.40M – $1.12B
CAGR+8.9%
Avg YoY Growth+5.6%
Median YoY Growth+3.6%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Northern Trust's asset servicing — revenue including fully taxable equivalent adjustment?
- Northern Trust (NTRS) reported asset servicing — revenue including fully taxable equivalent adjustment of $1.12B in Q3 2024.
- How has Northern Trust's asset servicing — revenue including fully taxable equivalent adjustment changed year-over-year?
- Northern Trust's asset servicing — revenue including fully taxable equivalent adjustment increased by 8.5% year-over-year, from $1.03B to $1.12B.
- What does asset servicing — revenue including fully taxable equivalent adjustment mean?
- Total revenue for the segment, adjusted to make tax-exempt income comparable to taxable income.