Northern Trust (NTRS) 10-K Summary — Year Ended Dec 31, 2023
Northern Trust reported stable revenue and net income for the year. The company maintained strong operating cash flow.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Northern Trust reported stable revenue and net income for the year. The company maintained strong operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4.4B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$1.1B
Net income reported for the year.
Operating cash flow
$2.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $4.4B | n/a |
| Dec 31, 2022 | $4.4B | +1.6% |
| Dec 31, 2023 | $4.4B | -1.6% |
Business overview
Northern Trust Corporation is a financial services holding company. Its business, detailed in Item 1 of the filing, focuses on trust, custody, and asset management for institutions and individuals.
Financial performance
Revenue remained essentially flat compared to prior years. Net income and operating cash flow were positive, reflecting steady financial performance.
Material risks
Material risks disclosed include regulatory and market risks typical for financial institutions, as well as operational challenges.
Liquidity and capital
Operating cash flow provided liquidity for ongoing operations and capital allocation.
What to watch
Monitor trends in net income and revenue in the next filing.