Reporting Segments (Tables)

6 Months Ended

Jun. 30, 2022

The following table presents the earnings contributions and average assets of Northern Trust’s reporting segments for the three- and six- month periods ended June 30, 2022 and 2021.

TABLE 61: RESULTS OF REPORTING SEGMENTS


($ In Millions)	ASSET SERVICING						WEALTH MANAGEMENT						OTHER						RECONCILING ITEMS				TOTAL CONSOLIDATED
THREE MONTHS ENDED JUNE 30,	2022			2021			2022			2021			2022			2021			2022		2021		2022			2021
Noninterest Income
Trust, Investment and Other Servicing Fees	$	642.8		$	611.5		$	500.6		$	463.9		$	—		$	—		$	—	$	—	$	1,143.4		$	1,075.4
Foreign Exchange Trading Income	74.8			67.9			2.8			2.7			—			—			—		—		77.6			70.6
Other Noninterest Income	61.8			68.9			32.8			38.3			(5.6)			(8.5)			—		—		89.0			98.7
Total Noninterest Income	779.4			748.3			536.2			504.9			(5.6)			(8.5)			—		—		1,310.0			1,244.7
Net Interest Income	255.1			153.1			214.7			190.8			—			—			(11.1)		(8.3)		458.7			335.6
Revenue	1,034.5			901.4			750.9			695.7			(5.6)			(8.5)			(11.1)		(8.3)		1,768.7			1,580.3
Provision for Credit Losses	0.5			(16.8)			4.0			(10.2)			—			—			—		—		4.5			(27.0)
Noninterest Expense	751.1			703.6			439.1			398.5			33.4			18.7			—		—		1,223.6			1,120.8
Income before Income Taxes	282.9			214.6			307.8			307.4			(39.0)			(27.2)			(11.1)		(8.3)		540.6			486.5
Provision for Income Taxes	74.5			53.0			90.7			80.5			(9.7)			(6.8)			(11.1)		(8.3)		144.4			118.4
Net Income	$	208.4		$	161.6		$	217.1		$	226.9		$	(29.3)		$	(20.4)		$	—	$	—	$	396.2		$	368.1
Percentage of Consolidated Net Income	53		%	44		%	54		%	62		%	(7)		%	(6)		%	N/A		N/A		100		%	100		%
Average Assets	$	117,047.6		$	119,502.3		$	37,036.5		$	34,797.8		$	—		$	—		N/A		N/A		$	154,084.1		$	154,300.1



($ In Millions)	ASSET SERVICING						WEALTH MANAGEMENT						OTHER						RECONCILING ITEMS				TOTAL CONSOLIDATED
SIX MONTHS ENDED JUNE 30,	2022			2021			2022			2021			2022			2021			2022		2021		2022			2021
Noninterest Income
Trust, Investment and Other Servicing Fees	$	1,305.2		$	1,232.0		$	1,006.6		$	907.1		$	—		$	—		$	—	$	—	$	2,311.8		$	2,139.1
Foreign Exchange Trading Income	152.2			142.4			6.3			6.9			—			—			—		—		158.5			149.3
Other Noninterest Income	122.9			129.2			64.6			82.5			(10.1)			(12.1)			—		—		177.4			199.6
Total Noninterest Income	1,580.3			1,503.6			1,077.5			996.5			(10.1)			(12.1)			—		—		2,647.7			2,488.0
Net Interest Income	445.2			313.8			412.3			376.8			—			—			(17.8)		(14.9)		839.7			675.7
Revenue	2,025.5			1,817.4			1,489.8			1,373.3			(10.1)			(12.1)			(17.8)		(14.9)		3,487.4			3,163.7
Provision for Credit Losses	8.9			(22.2)			(2.4)			(34.8)			—			—			—		—		6.5			(57.0)
Noninterest Expense	1,509.0			1,416.7			884.2			801.6			36.3			20.0			—		—		2,429.5			2,238.3
Income before Income Taxes	507.6			422.9			608.0			606.5			(46.4)			(32.1)			(17.8)		(14.9)		1,051.4			982.4
Provision for Income Taxes	126.3			103.1			169.0			159.0			(11.6)			(8.0)			(17.8)		(14.9)		265.9			239.2
Net Income	$	381.3		$	319.8		$	439.0		$	447.5		$	(34.8)		$	(24.1)		$	—	$	—	$	785.5		$	743.2
Percentage of Consolidated Net Income	49		%	43		%	55		%	60		%	(4)		%	(3)		%	N/A		N/A		100		%	100		%
Average Assets	$	121,114.2		$	119,820.7		$	36,977.1		$	33,960.1		$	—		$	—		N/A		N/A		$	158,091.3		$	153,780.8