Northern Trust (NTRS) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to the same period last year. The sequential trend also showed improvement from the prior quarter.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared to the same period last year. The sequential trend also showed improvement from the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+1.4%
Change from the immediately preceding quarter.
Year-over-year
+3.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $1B | -6.2% |
| Mar 31, 2023 | $1.1B | -9.0% |
| Jun 30, 2023 | $1.1B | -4.1% |
| Sep 30, 2023 | $1.1B | +3.1% |
Revenue performance
Total revenue rose year over year, driven by higher noninterest income. Net interest income declined during the same comparison.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Relative to the same quarter one year earlier, revenue was also higher.
What to watch
Monitor net interest income trends given the decline from the prior year.