UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-36609 | --- | --- | |------------------------------------------------------------------------ ...

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates can be challenging due to inherent volatility and risks [1] Group 1: Company Overview - Northern Trust Corporation (NTRS) is highlighted as a recommended growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 1.2%, but projected EPS growth for this year is expected to be 16.5%, significantly outperforming the industry average of 1.4% [5] Group 2: Key Growth Metrics - The asset utilization ratio for Northern Trust is 0.1, indicating that the company generates $0.1 in sales for every dollar in assets, which is higher than the industry average of 0.06 [6] - Sales growth for Northern Trust is projected at 20.7% this year, contrasting with the industry average of -1.3% [7] Group 3: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Northern Trust, with the Zacks Consensus Estimate for the current year increasing by 4% over the past month [8] - The combination of a Zacks Rank 2 and a Growth Score of B suggests that Northern Trust is positioned as a potential outperformer for growth investors [9]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Group 1 - Northern Trust Corporation (NTRS) is currently outperforming its peers in the Finance sector with a year-to-date return of 21.5%, compared to the sector average of 20% [2][3] - The Zacks Consensus Estimate for NTRS' full-year earnings has increased by 2% over the past 90 days, indicating improving analyst sentiment [2] - Northern Trust Corporation holds a Zacks Rank of 2 (Buy), suggesting a positive outlook for the stock [1][2] Group 2 - Northern Trust Corporation is part of the Banks - Major Regional industry, which has seen an average loss of 30.1% this year, highlighting NTRS's relative strength [3] - AvalonBay Communities (AVB), another Finance stock, has returned 22.6% year-to-date and also holds a Zacks Rank of 2 (Buy) [2][3] - The REIT and Equity Trust - Residential industry, to which AvalonBay Communities belongs, has increased by 12.7% this year, indicating a positive trend in that sector [3]

Core Viewpoint - Northern Trust Corporation (NTRS) reported strong third-quarter 2024 results, with adjusted earnings per share of $1.96, exceeding the Zacks Consensus Estimate of $1.73, and a significant increase from $1.49 in the prior-year quarter [1] Financial Performance - Total revenues (GAAP basis) for the quarter reached $1.97 billion, marking a 19.5% year-over-year increase and surpassing the Zacks Consensus Estimate of $1.87 billion [2] - Net interest income (NII) was $569.4 million, up 23.1% year over year, with a net interest margin (NIM) of 1.68%, an increase of 23 basis points from the prior-year quarter [2] - Trust, investment, and other servicing fees totaled $1.2 billion, reflecting a 7.6% increase from the year-ago quarter [2] - Other non-interest income rose 32.6% to $209.6 million, primarily due to a $68.1 million pre-tax gain from the sale of an equity investment [2] - Non-interest expenses increased by 6.4% to $1.36 billion, driven by higher costs across all components except for occupancy and other operating expenses [2] Asset Management - As of September 30, 2024, total assets under custody (AUC) increased by 25.2% year over year to $13.8 trillion, while total assets under management (AUM) rose 21.6% to $1.62 trillion [3] Credit Quality - The total allowance for credit losses was $220 million, up 5% year over year, while total non-accrual assets decreased by 43.1% to $39.3 million [4] - Provisions for credit losses were reported at $8 million, down 42.9% from the prior-year quarter [4] Capital and Profitability Ratios - The Common Equity Tier 1 capital ratio improved to 12.6% from 11.4% in the prior-year quarter, and the total capital ratio increased to 15.6% from 14.5% [5] - The Tier 1 leverage ratio was 8.1%, compared to 7.9% in the prior-year quarter [5] - Return on average assets was 1.26%, up from 0.93% in the year-ago quarter, and return on average common equity was 15.4%, compared to 11.6% in the prior-year quarter [5] Capital Distribution - Northern Trust returned approximately $453 million to shareholders through share repurchases and dividends during the reported quarter [6] Market Outlook - The surge in fee income and increasing AUC and AUM balances are expected to support the company's financials, although rising expenses may impact profitability in the near term [7]

For the quarter ended September 2024, Northern Trust Corporation (NTRS) reported revenue of $1.97 billion, up 14% over the same period last year. EPS came in at $1.96, compared to $1.49 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.87 billion, representing a surprise of +5.06%. The company delivered an EPS surprise of +13.29%, with the consensus EPS estimate being $1.73.While investors scrutinize revenue and earnings changes year-over-year and how they compare w ...

Northern Trust Corporation (NTRS) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.29%. A quarter ago, it was expected that this company would post earnings of $1.75 per share when it actually produced earnings of $1.78, delivering a surprise of 1.71%.Over the last four quarters, th ...

Exhibit 99.3 Financial Trends Third Quarter 2024 October 23, 2024 Please direct inquiries to: Jennifer Childe Senior Vice President, Director of Investor Relations (312) 444-3290 or jennifer.childe@ntrs.com Grace Higgins Second Vice President, Investor Relations (847) 946-9113 or grace.higgins@ntrs.com The historical financial results and trends reflected in this report are not indicative of future financial results and trends for Northern Trust Corporation. This report should be read in conjunction with th ...

Northern Trust Corporation's (NTRS) third-quarter 2024 results are scheduled to release on Oct. 23, before market open. The company's revenues and earnings are expected to have improved from the year-ago reported level. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the second quarter, NTRS' earnings surpassed the Zacks Consensus Estimate. Results benefited from a rise in fee income. Also, an increase in total assets under custody and assets under management balances supported ...

The market expects Northern Trust Corporation (NTRS) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expe ...