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Shares of Northern Trust Corp. (NTRS - Get Report) slumped in premarket trading on the heels of the financial institution's release of its fourth-quarter earnings.

The Chicago-based Northern Trust reported fourth-quarter net income of $409.9 million, or $1.80 a share.

That was up from $356.6 million during the same quarter a year ago, when the bank reported earnings per share of $1.51. EPS also rose compared to the third quarter of 2018, when earnings per share came in at $1.58.

Northern Trust's stock price fell 0.7% to $89.93.

The downshift comes after a fairly good month for Northern Trust's stock price, which has increased from $78.66 on Christmas Eve.

"Northern Trust's performance in the fourth quarter 2018 produced revenue growth of 6% and earnings per share growth of 19% compared to the prior year," said Michael O'Grady, Chairman and CEO, in a press release.

Northern Trust also reported full-year results as well, noting 11% growth in revenue, earnings per share growth of 35%, and return on average common equity of 16.2%.

The bank said it would boost its quarterly dividend to 60 cents a share, a 9% bump up from the previous quarter and 43% over last year.