Reporting Segments

3 Months Ended

Mar. 31, 2015

Reporting Segments

9. Reporting Segments — The following tables show the earnings contributions of Northern Trust’s reporting segments for the three-month periods ended March 31, 2015, and 2014.

Table 43: Results of Reporting Segments

Three Months Ended March 31,	Corporate & Institutional Services						Wealth Management						Treasury and Other						Total Consolidated
($ In Millions)	2015			2014			2015			2014			2015			2014			2015			2014
Noninterest Income
Trust, Investment and Other Servicing Fees	$	407.3		$	379.2		$	320.2		$	300.3		$	—		$	—		$	727.5		$	679.5
Foreign Exchange Trading Income		67.5			48.1			4.1			2.0			—			—			71.6			50.1
Other Noninterest Income		41.9			44.4			28.8			22.7			4.1			(1.9	)		74.8			65.2
Net Interest Income*		96.0			73.7			138.3			135.0			32.5			45.7			266.8			254.4
Revenue*		612.7			545.4			491.4			460.0			36.6			43.8			1,140.7			1,049.2
Provision for Credit Losses		(2.2	)		1.2			(2.3	)		1.8			—			—			(4.5	)		3.0
Noninterest Expense		434.9			423.5			321.9			318.8			32.2			25.7			789.0			768.0
Income before Income Taxes*		180.0			120.7			171.8			139.4			4.4			18.1			356.2			278.2
Provision for Income Taxes*		57.3			34.8			64.6			52.6			3.6			9.4			125.5			96.8
Net Income	$	122.7		$	85.9		$	107.2		$	86.8		$	0.8		$	8.7		$	230.7		$	181.4
Percentage of Consolidated Net Income		53	%		47	%		47	%		48	%		—	%		5	%		100	%		100	%
Average Assets	$	39,762.4		$	57,252.4		$	24,308.8		$	22,528.7		$	43,442.0		$	20,462.4		$	107,513.2		$	100,243.5

* Stated on an FTE basis. Total consolidated includes FTE adjustments of $6.2 million for 2015 and $8.7 million for 2014.

In the current quarter, the presentation of certain assets was changed from C&IS to Treasury and Other to reflect better the internal management responsibility for these assets. In addition to the transfer of assets, the Corporation’s internal funds pricing treatment of deposits that fund the transferred assets was updated to reflect the economics of these deposits.

Further discussion of reporting segment results is provided within the “Reporting Segments” section of Management’s Discussion and Analysis of Financial Condition and Results of Operations.