Northern Trust(US:NTRS)2025-01-23 13:59Financial Performance - Northern Trust's full year 2024 revenue reached $83222 billion, a 22% increase compared to 2023[44] - Full year 2024 net income was $20311 billion, an 83% increase compared to 2023[44] - The company's return on average common equity for full year 2024 was 174%, compared to 100% in 2023[44] - Northern Trust's assets under custody/administration (AUC/A) reached $16788 trillion as of December 31, 2024, a 9% increase year-over-year[9,44] - Assets Under Management (AUM) was $16104 trillion as of December 31, 2024, up 12% from the previous year[12,44] - The expense to trust fee ratio for full year 2024 was 119%, compared to 121% in 2023[44] Business Segment Highlights - Wealth Management's Assets under Management (AUM) reached $4507 billion in 4Q 2024, a 2% increase compared to the previous quarter and a 12% increase year-over-year[9,33] - Asset Servicing's Assets under Custody / Administration (AUC/A) was $156401 trillion in 4Q 2024, a 4% decrease compared to the previous quarter and a 9% increase year-over-year[14,29] - Net Interest Income (FTE) was $5743 million in 4Q 2024, a 1% increase compared to the previous quarter and a 15% increase year-over-year[36] Capital Management - The company's standardized Common Equity Tier 1 capital ratio was 124% in 4Q 2024[52] - Northern Trust repurchased $2537 million of common stock in 4Q 2024[54]