On July 18, Northern Trust
- The earnings growth of 21% was driven primarily by revenue growth in both private client and corporate and institutional businesses.
- Growth in short-term money market assets, loans, leases, and securities increased the average earning assets by 15%. In response, net interest income rose nearly 5%.
- The impact of FSP 13-2, which narrowed the interest rate spread, caused a decline in the company's overall net interest margin.
(Figures in millions, except per-share data)
Income Statement Highlights
Q2 2007 |
Q2 2006 |
Change |
|
---|---|---|---|
Total Revenue |
$878.4 |
$789.3 |
11.3% |
Net Interest Income |
$208.6 |
$199.0 |
4.8% |
Net Profit |
$206.9 |
$167.9 |
23.2% |
EPS |
$0.92 |
$0.76 |
21.1% |
Get back to basics with a look at the income statement.
Ratio Checkup
Q2 2007 |
Q2 2006 |
Change* |
|
---|---|---|---|
Net Interest Margin |
1.58% |
1.73% |
(0.15%) |
Nonperforming Assets / Assets |
0.05% |
0.07% |
(0.02%) |
Return on Average Assets |
1.40% |
1.28% |
0.12% |
Return on Average Equity |
20.23% |
18.05% |
2.18% |
Find out more about bank performance ratios.
Balance Sheet Highlights
Assets |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Investments |
$12,605 |
$10,523 |
19.8% |
Loans |
$24,045 |
$21,297 |
12.9% |
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Deposits |
$37,636 |
$31,638 |
19% |
Total Liabilities |
$55,383 |
$49,518 |
11.8% |
Learn about bank assets and bank liabilities.
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