Northern Trust NTRS Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Revenues, Net of Interest Expense by Business | |||||
| Asset Servicing Segment | $4.76B+9.3% | $4.36B+5.4% | $4.14B+0.9% | $4.1B— | |
| Wealth Management Segment | $3.38B+5.1% | $3.21B+11.4% | $2.88B-2.0% | $2.94B— | |
| Net Income by Business | |||||
| Asset Servicing Segment | $882.6M+28.8% | $685.1M+1.2% | $677.3M-11.2% | $762.4M— | |
| Wealth Management Segment | $980.6M+8.0% | $908.2M+24.6% | $729.1M-9.6% | $806.6M-13.9% | |
| Noninterest Income by Business | |||||
| Asset Servicing Segment | $3.37B+6.8% | $3.15B+7.2% | $2.94B-3.0% | $3.03B— | |
| Wealth Management Segment | $2.33B+5.2% | $2.22B+8.7% | $2.04B-1.9% | $2.08B+0.3% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | |||||
| Asset Servicing Segment | $2.8B+6.4% | $2.63B+6.9% | $2.46B-1.4% | $2.5B— | |
| Wealth Management Segment | $2.22B+5.9% | $2.1B+10.3% | $1.9B-1.9% | $1.94B+3.3% | |
| Net Interest Income by Business | |||||
| Asset Servicing Segment | $1.4B+15.6% | $1.21B+1.0% | $1.2B+11.6% | $1.07B— | |
| Wealth Management Segment | $1.04B+4.9% | $993.5M+18.0% | $842.2M-2.1% | $860.1M— | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | |||||
| Asset Servicing Segment | $1.13B+28.5% | $877.3M+1.5% | $864.4M-14.0% | $1.01B— | |
| Wealth Management Segment | $1.3B+7.0% | $1.21B+24.4% | $975M-12.7% | $1.12B— | |
| Percentage of Consolidated Net Income by Business | |||||
| Asset Servicing Segment | 150%— | —— | 159%+2.0pp | 157%— | |
| Other Noninterest Income (Loss) by Business | |||||
| Asset Servicing Segment | $298.2M+10.0% | $271M+2.9% | $263.4M+5.1% | $250.7M— | |
| Wealth Management Segment | $143.8M+2.5% | $140.3M-7.0% | $150.8M+9.5% | $137.7M— | |
| Noninterest Expense by Business | |||||
| Asset Servicing Segment | $3.64B+4.4% | $3.49B+6.6% | $3.27B+5.8% | $3.09B— | |
| Wealth Management Segment | $2.09B+4.8% | $1.99B+5.6% | $1.88B+3.8% | $1.82B+10.0% | |
| Provision for Income Taxes by Business | |||||
| Asset Servicing Segment | $244.6M+27.3% | $192.2M+2.7% | $187.1M-23.1% | $243.2M— | |
| Wealth Management Segment | $317.1M+4.0% | $304.9M+24.0% | $245.9M-20.7% | $310M— | |
| Other Segment Items by Business | |||||
| Asset Servicing Segment | $75.7M-17.4% | $91.6M-16.7% | $110M-37.2% | $175.2M— | |
| Wealth Management Segment | $94.7M+18.8% | $79.7M+6.6% | $74.8M+29.4% | $57.8M— | |
| Foreign Exchange Trading Income by Business | |||||
| Asset Servicing Segment | $268M+8.4% | $247.2M+16.1% | $213M-24.2% | $281M— | |
| Wealth Management Segment | -$27.2M-70.0% | -$16M-75.8% | -$9.1M-220% | $7.6M-44.1% | |
| Allocated Expense by Business | |||||
| Asset Servicing Segment | $3.05B+11.8% | $2.73B+7.3% | $2.54B+89.0% | $1.34B— | |
| Wealth Management Segment | $1.26B+5.1% | $1.2B+6.0% | $1.13B+2.1% | $1.11B— | |
| Outside Services by Business | |||||
| Asset Servicing Segment | $122.5M-38.7% | $199.7M+4.4% | $191.3M-55.9% | $433.5M— | |
| Wealth Management Segment | $61.4M+31.8% | $46.6M+7.9% | $43.2M+4.6% | $41.3M— | |
| Average Assets by Business | |||||
| Asset Servicing Segment | $337.66B+4.6% | $322.75B— | —— | —— | |
| Goodwill by Business | |||||
| Asset Servicing Segment | $2.52B+1.7% | $2.48B+0.3% | $2.47B+1.1% | $2.44B— | |
| Wealth Management Segment | $321.5M0.0% | $321.4M0.0% | $321.4M+0.1% | $321.2M+9.3% | |
| Average Loans by Business | |||||
| Asset Servicing Segment | $16.99B— | —— | $7.37B+2.3% | $7.21B— | |
| Provision for Credit Losses by Business | |||||
| Asset Servicing Segment | -$3.2M+30.4% | -$4.6M-1,020% | $500K— | —— | |
| Wealth Management Segment | -$7.5M— | —— | $24M+150% | $9.6M+120% | |
| Average Deposits by Business | |||||
| Asset Servicing Segment | $275.24B+6.0% | $259.72B+218% | $81.74B-15.0% | $96.17B— | |
| Wealth Management Segment | $76.27B— | —— | $23.43B-20.4% | $29.43B— | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | |||||
| Custody and Fund Administration | $2.03B+5.8% | $1.92B+6.1% | $1.81B-0.6% | $1.82B-5.3% | |
| Investment Management and Advisory | $2.66B+6.8% | $2.49B+11.6% | $2.23B-2.9% | $2.3B+7.4% | |
| Other Operating Income | $51.4M+30.8% | $39.3M+1.0% | $38.9M+4.6% | $37.2M-31.0% | |
| Other | $248.4M+0.6% | $246.8M+2.7% | $240.3M+1.9% | $235.9M+4.1% | |
| Securities Commissions and Trading Income | $162.9M+13.4% | $143.7M+24.0% | $115.9M-0.8% | $116.8M+4.2% | |
| Securities Lending | $83M+11.7% | $74.3M-11.4% | $83.9M+2.8% | $81.6M+6.1% | |
| Other Operating Income(1) by Product | |||||
| Bank Owned Life Insurance | $80.3M+1.5% | $79.1M+13.8% | $69.5M+13.9% | $61M+25.8% | |
| Banking Service Fees | $56.1M+2.0% | $55M+3.8% | $53M+6.4% | $49.8M— | |
| Loan Service Fees | $53.7M-2.4% | $55M-33.8% | $83.1M+16.2% | $71.5M— | |
| Total Client Receivables by Product | |||||
| Other | $319.9M+39.9% | $228.7M+2.6% | $223M-51.8% | $462.2M-5.1% | |
| Trust Fees Receivable, net | $3.87B+1.5% | $3.81B+8.1% | $3.53B-8.1% | $3.84B+3.9% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Northern Trust break its business down?
- Northern Trust (NTRS) reports revenues, net of interest expense by business across 2 parts — Asset Servicing Segment and Wealth Management Segment. Each is extracted from the segment footnotes and tracked over time.
- Where does Northern Trust's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Northern Trust's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
