Northern Trust (NTRS) FY2024 10-K Annual Report
Northern Trust (NTRS) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 24, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Northern Trust FY2024 10-K Analysis
Business Overview
- • Core business model: Financial services including wealth management, asset servicing, and banking solutions
- • No new products, services, or business segments introduced or emphasized in 2024 filing
Management Discussion & Analysis
- • Revenue $8.3B, up 22% YoY from $6.8B, driven by Noninterest Income +28% to $6.1B and Net Interest Income +10% to $2.2B
- • Operating margin proxy: Income before taxes $2.66B vs $1.46B, net income $2.03B vs $1.11B, return on average common equity 17.4% vs 10.0%
Risk Factors
- • Regulatory risk: Conflicting U.S. and European ESG-related requirements impacting reputation and compliance amid increased regulatory focus
- • Geopolitical/macroeconomic risk: Climate change physical and transition risks disrupting operations and client asset values globally
Northern Trust FY2024 Key Financial MetricsXBRL
Revenue
$4.7B
▲ +8.4% YoY
Net Income
$2.0B
▲ +83.4% YoY
Net Margin
43.0%
▲ +1757bp YoY
ROE
15.9%
▲ +658bp YoY
Total Assets
$155.5B
▲ +3.1% YoY
EPS (Diluted)
$9.77
▲ +92.3% YoY
Operating Cash Flow
-$486M
▼ -118.5% YoY
Source: XBRL data from Northern Trust FY2024 10-K filing on SEC EDGAR. All figures in USD.
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