Business Units and Related Information (Tables)

12 Months Ended

Dec. 31, 2011

Earnings Contribution of Northern Trust's Business Units

The following tables show the earnings contribution of Northern Trust’s business units for the years ended December 31, 2011, 2010, and 2009.

CORPORATE AND INSTITUTIONAL SERVICES RESULTS OF OPERATIONS

(In Millions)	2011			2010			2009
NONINTEREST INCOME
Trust, Investment and Other Servicing Fees	$	1,196.4		$	1,175.1		$	1,236.8
Other		485.4			522.7			571.3
Net Interest Income (FTE)*		282.5			271.8			416.0
Revenue (FTE)*		1,964.3			1,969.6			2,224.1
Provision for Credit Losses		(20.5	)		(16.1	)		30.7
Noninterest Expense		1,522.4			1,328.9			1,200.6
Income before Income Taxes*		462.4			656.8			992.8
Provision for Income Taxes*		168.3			222.4			350.8
Net Income	$	294.1		$	434.4		$	642.0
Percentage of Consolidated Net Income		49	%		65	%		74	%
Average Assets	$	47,533.7		$	38,749.3		$	38,117.1

PERSONAL FINANCIAL SERVICES RESULTS OF OPERATIONS

(In Millions)	2011			2010			2009
NONINTEREST INCOME
Trust, Investment and Other Servicing Fees	$	973.1		$	906.8		$	847.0
Other		128.5			133.3			138.7
Net Interest Income (FTE)*		613.7			591.8			538.1
Revenue (FTE)*		1,715.3			1,631.9			1,523.8
Provision for Credit Losses		75.5			176.1			184.3
Noninterest Expense		1,214.9			1,103.0			1,044.6
Income before Income Taxes*		424.9			352.8			294.9
Provision for Income Taxes*		168.7			132.8			112.4
Net Income	$	256.2		$	220.0		$	182.5
Percentage of Consolidated Net Income		42	%		33	%		21	%
Average Assets	$	23,861.5		$	23,564.5		$	24,534.8

TREASURY AND OTHER RESULTS OF OPERATIONS

(In Millions)	2011			2010			2009
Other Noninterest Income	$	(22.6	)	$	(8.9	)	$	(6.7	)
Net Interest Income (FTE)*		153.1			94.2			85.9
Revenue (FTE)*		130.5			85.3			79.2
Visa Indemnification Benefits		(23.1	)		(33.0	)		(17.8	)
Noninterest Expense (Excluding Visa Indemnification Benefits)		117.0			99.0			89.3
Income before Income Taxes*		36.6			19.3			7.7
Provision (Benefit) for Income Taxes*		(16.7	)		4.2			(32.0	)
Net Income	$	53.3		$	15.1		$	39.7
Percentage of Consolidated Net Income		9	%		2	%		5	%
Average Assets	$	20,552.7		$	13,694.4		$	11,662.3

CONSOLIDATED FINANCIAL INFORMATION

(In Millions)	2011			2010			2009
NONINTEREST INCOME
Trust, Investment and Other Servicing Fees	$	2,169.5		$	2,081.9		$	2,083.8
Other		591.3			647.1			703.3
Net Interest Income (FTE)*		1,049.3			957.8			1,040.0
Revenue (FTE)*		3,810.1			3,686.8			3,827.1
Provision for Credit Losses		55.0			160.0			215.0
Visa Indemnification Benefits		(23.1	)		(33.0	)		(17.8	)
Noninterest Expense (Excluding Visa Indemnification Benefits)		2,854.3			2,530.9			2,334.5
Income before Income Taxes*		923.9			1,028.9			1,295.4
Provision for Income Taxes*		320.3			359.4			431.2
Net Income	$	603.6		$	669.5		$	864.2
Average Assets	$	91,947.9		$	76,008.2		$	74,314.2

* Stated on an FTE basis. The consolidated figures include $40.2 million, $39.1 million, and $40.2 million, of FTE adjustment for 2011, 2010, and 2009, respectively.

Distribution of Total Assets and Operating Performance

DISTRIBUTION OF TOTAL ASSETS AND OPERATING PERFORMANCE

(In Millions)	TOTAL ASSETS		TOTAL REVENUE*		INCOME BEFORE INCOME TAXES		NET  INCOME
2011
Non-U.S.	$	28,625.2	$	1,084.8	$	284.4	$	199.3
U.S.		71,598.5		2,685.1		599.3		404.3
Total	$	100,223.7	$	3,769.9	$	883.7	$	603.6
2010
Non-U.S.	$	24,472.9	$	980.9	$	325.1	$	229.3
U.S.		59,371.0		2,666.8		664.7		440.2
Total	$	83,843.9	$	3,647.7	$	989.8	$	669.5
2009
Non-U.S.	$	19,253.2	$	1,086.9	$	445.4	$	305.8
U.S.		62,888.3		2,700.0		809.8		558.4
Total	$	82,141.5	$	3,786.9	$	1,255.2	$	864.2

* Revenue is comprised of net interest income and noninterest income.