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Reporting Segments
 3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Reporting Segments
Reporting Segments
The following table shows the earnings contributions of Northern Trust’s reporting segments for the three-month periods ended March 31, 2018 and 2017.
Table 53: Results of Reporting Segments
Three Months Ended March 31,
Corporate &
Institutional Services
 
Wealth
Management
 
Treasury and
Other
 
Total
Consolidated
($ In Millions)
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Noninterest Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trust, Investment and Other Servicing Fees
$
544.3

 
$
462.9

 
$
393.4

 
$
345.3

 
$
—

 
$
—

 
$
937.7

 
$
808.2

Foreign Exchange Trading Income
62.4

 
49.1

 
1.2

 
0.9

 
14.9

 
(1.9
)
 
78.5

 
48.1

Other Noninterest Income
46.6

 
44.2

 
25.7

 
25.5

 
3.5

 
4.9

 
75.8

 
74.6

Net Interest Income*
229.4

 
166.5

 
198.8

 
177.0

 
(35.5
)
 
18.9

 
392.7

 
362.4

Revenue*
882.7

 
722.7

 
619.1

 
548.7

 
(17.1
)
 
21.9

 
1,484.7

 
1,293.3

Provision for Credit Losses
(3.9
)
 
0.3

 
0.9

 
(1.3
)
 
—

 
—

 
(3.0
)
 
(1.0
)
Noninterest Expense
585.6

 
510.8

 
365.7

 
346.3

 
44.0

 
37.4

 
995.3

 
894.5

Income before Income Taxes*
301.0

 
211.6

 
252.5

 
203.7

 
(61.1
)
 
(15.5
)
 
492.4

 
399.8

Provision for Income Taxes*
66.8

 
66.9

 
62.4

 
76.8

 
(18.4
)
 
(20.0
)
 
110.8

 
123.7

Net Income
$
234.2

 
$
144.7

 
$
190.1

 
$
126.9

 
$
(42.7
)
 
$
4.5

 
$
381.6

 
$
276.1

Percentage of Consolidated Net Income
61
%
 
52
%
 
50
%
 
46
%
 
(11
)%
 
2
%
 
100
%
 
100
%
Average Assets
$
83,637.0

 
$
77,803.5

 
$
26,108.0

 
$
26,661.8

 
$
14,748.3

 
$
12,011.1

 
$
124,493.3

 
$
116,476.4

* Non-GAAP financial measures stated on a fully taxable equivalent basis (FTE). Total consolidated includes FTE adjustments of $8.7 million for 2018 and $8.9 million for 2017.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Further discussion of reporting segment results is provided within the “Reporting Segments” section of Management’s Discussion and Analysis of Financial Condition and Results of Operations.