XML 48 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
Reporting Segments (Tables)
 9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Results of Reporting Segments
The following table shows the earnings contributions of Northern Trust’s reporting segments for the three- and nine- month periods ended September 30, 2017 and 2016.
Table 51: Results of Reporting Segments
Three Months Ended September 30,
Corporate &
Institutional Services
 
Wealth
Management
 
Treasury and
Other
 
Total
Consolidated
($ In Millions)
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Noninterest Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trust, Investment and Other Servicing Fees
$
501.1

 
$
450.8

 
$
366.8

 
$
337.5

 
$
—

 
$
—

 
$
867.9

 
$
788.3

Foreign Exchange Trading Income
47.2

 
55.2

 
0.7

 
0.9

 
1.2

 
(2.5
)
 
49.1

 
53.6

Other Noninterest Income
43.8

 
41.5

 
25.2

 
26.3

 
5.0

 
0.9

 
74.0

 
68.7

Net Interest Income*
194.0

 
138.2

 
186.6

 
164.1

 
(14.4
)
 
7.8

 
366.2

 
310.1

Revenue*
786.1

 
685.7

 
579.3

 
528.8

 
(8.2
)
 
6.2

 
1,357.2

 
1,220.7

Provision for Credit Losses
0.8

 
4.0

 
(7.8
)
 
(7.0
)
 
—

 
—

 
(7.0
)
 
(3.0
)
Noninterest Expense
542.1

 
487.8

 
348.8

 
318.0

 
44.7

 
37.2

 
935.6

 
843.0

Income before Income Taxes*
243.2

 
193.9

 
238.3

 
217.8

 
(52.9
)
 
(31.0
)
 
428.6

 
380.7

Provision for Income Taxes*
78.4

 
61.8

 
90.3

 
82.3

 
(38.5
)
 
(21.0
)
 
130.2

 
123.1

Net Income
$
164.8

 
$
132.1

 
$
148.0

 
$
135.5

 
$
(14.4
)
 
$
(10.0
)
 
$
298.4

 
$
257.6

Percentage of Consolidated Net Income
55
%
 
51
%
 
50
%
 
53
%
 
(5
)%
 
(4
)%
 
100
%
 
100
%
Average Assets
$
82,250.9

 
$
75,696.5

 
$
26,463.0

 
$
26,601.7

 
$
12,445.5

 
$
14,084.3

 
$
121,159.4

 
$
116,382.5

* Non-GAAP financial measures stated on a fully taxable equivalent basis (FTE). Total consolidated includes FTE adjustments of $12.0 million for 2017 and $7.0 million for 2016.
Nine Months Ended September 30,
Corporate &
Institutional Services
 
Wealth
Management
 
Treasury and
Other
 
Total
Consolidated
($ In Millions)
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Noninterest Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trust, Investment and Other Servicing Fees
$
1,451.1

 
$
1,331.1

 
$
1,073.2

 
$
982.6

 
$
—

 
$
—

 
$
2,524.3

 
$
2,313.7

Foreign Exchange Trading Income
146.9

 
169.1

 
2.4

 
7.0

 
(2.2
)
 
2.4

 
147.1

 
178.5

Other Noninterest Income
132.4

 
113.0

 
77.4

 
79.8

 
20.4

 
124.8

 
230.2

 
317.6

Net Interest Income*
536.5

 
417.8

 
545.4

 
482.8

 
(2.9
)
 
30.1

 
1,079.0

 
930.7

Revenue*
2,266.9

 
2,031.0

 
1,698.4

 
1,552.2

 
15.3

 
157.3

 
3,980.6

 
3,740.5

Provision for Credit Losses
(1.6
)
 
—

 
(13.4
)
 
(4.0
)
 
—

 
—

 
(15.0
)
 
(4.0
)
Noninterest Expense
1,598.5

 
1,519.9

 
1,046.0

 
975.2

 
123.0

 
101.7

 
2,767.5

 
2,596.8

Income before Income Taxes*
670.0

 
511.1

 
665.8

 
581.0

 
(107.7
)
 
55.6

 
1,228.1

 
1,147.7

Provision for Income Taxes*
213.0

 
158.0

 
251.4

 
219.1

 
(78.7
)
 
4.6

 
385.7

 
381.7

Net Income
$
457.0

 
$
353.1

 
$
414.4

 
$
361.9

 
$
(29.0
)
 
$
51.0

 
$
842.4

 
$
766.0

Percentage of Consolidated Net Income
54
%
 
46
%
 
49
%
 
47
%
 
(3
)%
 
7
%
 
100
%
 
100
%
Average Assets
$
80,229.1

 
$
75,589.0

 
$
26,648.7

 
$
26,525.6

 
$
11,818.2

 
12,795.3

 
$
118,696.0

 
$
114,909.9


* Non-GAAP financial measures stated on a fully taxable equivalent basis (FTE). Total consolidated includes FTE adjustments of $29.8 million for 2017 and $20.1 million for 2016.