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Reporting Segments (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Results of Reporting Segments
The following table reflects the earnings contributions and average assets of Northern Trust’s reporting segments for the three- and nine- month periods ended September 30, 2019 and 2018.
Table 58: Results of Reporting Segments
Three Months Ended September 30,
Corporate &
Institutional Services
 
Wealth
Management
 
Treasury and
Other
 
Total
Consolidated
($ In Millions)
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Noninterest Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trust, Investment and Other Servicing Fees
$
559.9

 
$
541.0

 
$
415.6

 
$
398.2

 
$
—

 
$
—

 
$
975.5

 
$
939.2

Foreign Exchange Trading Income
55.5

 
51.4

 
4.2

 
0.9

 
—

 
19.4

 
59.7

 
71.7

Other Noninterest Income
53.6

 
42.0

 
38.1

 
25.5

 
(6.7
)
 
(12.3
)
 
85.0

 
55.2

Net Interest Income*
229.9

 
253.0

 
195.4

 
202.9

 
—

 
(37.4
)
 
425.3

 
418.5

Revenue*
898.9

 
887.4

 
653.3

 
627.5

 
(6.7
)
 
(30.3
)
 
1,545.5

 
1,484.6

Provision for Credit Losses
4.8

 
(2.8
)
 
(11.8
)
 
(6.2
)
 
—

 
—

 
(7.0
)
 
(9.0
)
Noninterest Expense
649.2

 
601.0

 
385.9

 
362.0

 
1.2

 
39.3

 
1,036.3

 
1,002.3

Income before Income Taxes*
244.9

 
289.2

 
279.2

 
271.7

 
(7.9
)
 
(69.6
)
 
516.2

 
491.3

Provision for Income Taxes*
59.9

 
66.1

 
73.6

 
67.2

 
(1.9
)
 
(16.5
)
 
131.6

 
116.8

Net Income
$
185.0

 
$
223.1

 
$
205.6

 
$
204.5

 
$
(6.0
)
 
$
(53.1
)
 
$
384.6

 
$
374.5

Percentage of Consolidated Net Income
48
%
 
59
%
 
54
%
 
55
%
 
(2
)%
 
(14
)%
 
100
%
 
100
%
Average Assets
$
85,982.2

 
$
83,360.6

 
$
30,369.9

 
$
26,110.5

 
$
—

 
$
12,684.5

 
$
116,352.1

 
$
122,155.6

* Non-GAAP financial measures stated on a fully taxable equivalent basis (FTE). Total consolidated includes FTE adjustments of $7.6 million for 2019 and $10.3 million for 2018.
Nine Months Ended September 30,
Corporate &
Institutional Services
 
Wealth
Management
 
Treasury and
Other
 
Total
Consolidated
($ In Millions)
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Noninterest Income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trust, Investment and Other Servicing Fees
$
1,644.5

 
$
1,637.5

 
$
1,215.4

 
$
1,182.3

 
$
—

 
$
—

 
$
2,859.9

 
$
2,819.8

Foreign Exchange Trading Income
172.5

 
173.9

 
13.9

 
3.1

 
—

 
52.1

 
186.4

 
229.1

Other Noninterest Income
141.8

 
133.6

 
95.1

 
77.9

 
(14.9
)
 
(9.5
)
 
222.0

 
202.0

Net Interest Income*
694.3

 
730.3

 
585.9

 
611.3

 
—

 
(107.8
)
 
1,280.2

 
1,233.8

Revenue*
2,653.1

 
2,675.3

 
1,910.3

 
1,874.6

 
(14.9
)
 
(65.2
)
 
4,548.5

 
4,484.7

Provision for Credit Losses
1.3

 
(3.7
)
 
(14.8
)
 
(6.8
)
 
—

 
—

 
(13.5
)
 
(10.5
)
Noninterest Expense
1,930.5

 
1,785.9

 
1,137.9

 
1,097.2

 
2.8

 
111.9

 
3,071.2

 
2,995.0

Income before Income Taxes*
721.3

 
893.1

 
787.2

 
784.2

 
(17.7
)
 
(177.1
)
 
1,490.8

 
1,500.2

Provision for Income Taxes*
171.8

 
195.9

 
202.3

 
193.7

 
(4.4
)
 
(35.9
)
 
369.7

 
353.7

Net Income
$
549.5

 
$
697.2

 
$
584.9

 
$
590.5

 
$
(13.3
)
 
$
(141.2
)
 
$
1,121.1

 
$
1,146.5

Percentage of Consolidated Net Income
49
%
 
61
%
 
52
%
 
51
%
 
(1
)%
 
(12
)%
 
100
%
 
100
%
Average Assets
$
87,664.1

 
$
83,049.5

 
$
29,700.6

 
$
26,101.6

 
$
—

 
$
14,345.6

 
$
117,364.7

 
$
123,496.7


* Non-GAAP financial measures stated on a fully taxable equivalent basis (FTE). Total consolidated includes FTE adjustments of $23.1 million for 2019 and $28.3 million for 2018.