Business Units

3 Months Ended

Mar. 31, 2013

Business Units

9. Business Units – The following table shows the earnings contributions of Northern Trust’s business units for the three month periods ended March 31, 2013 and 2012.

Three Months Ended March 31,	Corporate and Institutional Services						Personal Financial Services						Treasury and Other						Total Consolidated
($ In Millions)	2013			2012			2013			2012			2013			2012			2013			2012
Noninterest Income
Trust, Investment and Other Servicing Fees	$	348.7		$	317.0		$	282.0		$	258.2		$	—		$	—		$	630.7		$	575.2
Foreign Exchange Trading Income		58.2			57.5			1.3			4.4			—			—			59.5			61.9
Other Noninterest Income		40.2			48.6			17.2			22.7			2.7			0.6			60.1			71.9
Net Interest Income (FTE)*		64.1			77.0			147.8			161.1			21.8			28.2			233.7			266.3
Revenue*		511.2			500.1			448.3			446.4			24.5			28.8			984.0			975.3
Provision for Credit Losses		(2.7	)		0.5			7.7			4.5			—			—			5.0			5.0
Noninterest Expense		398.7			398.0			301.8			303.7			28.4			21.9			728.9			723.6
Income before Income Taxes*		115.2			101.6			138.8			138.2			(3.9	)		6.9			250.1			246.7
Provision for Income Taxes*		35.9			33.6			52.8			52.3			(2.6	)		(0.4	)		86.1			85.5
Net Income	$	79.3		$	68.0		$	86.0		$	85.9		$	(1.3	)	$	7.3		$	164.0		$	161.2
Percentage of Consolidated Net Income		48	%		42	%		52	%		53	%		N/M			5	%		100	%		100	%
Average Assets	$	51,316.8		$	49,662.2		$	22,861.4		$	23,563.9		$	17,391.1		$	21,902.0		$	91,569.3		$	95,128.1

* Stated on a fully taxable equivalent basis (FTE). Total consolidated includes FTE adjustments of $7.6 million for 2013 and $9.9 million for 2012.

Further discussion of business unit results is provided within the “Business Unit Reporting” section of Management’s Discussion and Analysis of Financial Condition and Results of Operations.