This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Northern Trust Corporation Reports Fourth Quarter Net Income Of $167.7 Million, Earnings Per Common Share Of $0.69. Full Year Net Income Of $687.3 Million, Earnings Per Common Share Of $2.81.

The table below provides information regarding nonperforming assets, the allowance for credit losses, and associated ratios.

             
  December 31,   September 30,   December 31,
($ In Millions)   2012   2012   2011
 
Nonperforming Assets
Nonperforming Loans and Leases $ 254.8 $ 269.0 $ 293.7
Other Real Estate Owned     20.3     20.6     21.2
Total Nonperforming Assets     275.1     289.6     314.9
 
Allowance for Credit Losses
Allowance for Credit Losses Assigned to:
Loans and Leases 297.9 298.6 294.8
Unfunded Loan Commitments and Standby Letters of Credit     29.7     29.4     34.1
Total Allowance for Credit Losses   $ 327.6   $ 328.0   $ 328.9
 
Ratios

Nonperforming Loans and Leases to Total Loans and Leases

0.86% 0.91% 1.01%

Allowance for Credit Losses Assigned to Loans and Leases to Total Loans and Leases

1.01% 1.01% 1.01%

Coverage of Loan and Lease Allowance to Nonperforming Loans and Leases

1.2x 1.1x 1.0x
 

Noninterest expense totaled $741.5 million in the current quarter compared to $771.7 million in the prior year quarter. The current quarter includes restructuring and integration related charges of $8.2 million ($5.2 million after tax, or $0.02 per common share). The prior year quarter included restructuring, acquisition and integration related charges of $61.0 million ($39.8 million after tax, or $0.17 per common share). Excluding the current quarter and prior year quarter charges, and the prior year quarter’s Visa benefit of $13.0 million, noninterest expense increased $9.6 million, or 1%.

4 of 13

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs