Reporting Segments

6 Months Ended

Jun. 30, 2015

Reporting Segments

10. Reporting Segments — The following tables show the earnings contributions of Northern Trust’s reporting segments for the three- and six-month periods ended June 30, 2015 and 2014.

Table 50: Results of Reporting Segments

Three Months Ended June 30,	Corporate & Institutional Services						Wealth Management						Treasury and Other						Total Consolidated
($ In Millions)	2015			2014			2015			2014			2015			2014			2015			2014
Noninterest Income
Trust, Investment and Other Servicing Fees	$	432.0		$	395.4		$	324.8		$	311.5		$	—		$	—		$	756.8		$	706.9
Foreign Exchange Trading Income		71.8			50.7			3.0			2.2			—			—			74.8			52.9
Other Noninterest Income		43.2			47.1			26.8			23.1			103.1			5.1			173.1			75.3
Net Interest Income (FTE)*		92.7			76.7			141.0			132.6			23.9			44.1			257.6			253.4
Revenue*		639.7			569.9			495.6			469.4			127.0			49.2			1,262.3			1,088.5
Provision for Credit Losses		2.0			2.4			(12.0	)		(2.4	)		—			—			(10.0	)		—
Noninterest Expense		488.2			446.4			322.7			329.4			43.6			35.2			854.5			811.0
Income before
Income Taxes*		149.5			121.1			184.9			142.4			83.4			14.0			417.8			277.5
Provision for
Income Taxes*		45.3			36.1			69.6			53.6			33.7			5.9			148.6			95.6
Net Income	$	104.2		$	85.0		$	115.3		$	88.8		$	49.7		$	8.1		$	269.2		$	181.9
Percentage of
Consolidated Net Income		39	%		47	%		43	%		49	%		18	%		4	%		100	%		100	%
Average Assets	$	43,299.8		$	59,995.2		$	24,826.5		$	22,210.8		$	43,564.8		$	21,118.1		$	111,691.1		$	103,324.1

* Stated on a fully taxable equivalent basis (FTE). Total consolidated includes FTE adjustments of $6.4 million for 2015 and $6.8 million for 2014.

Six Months Ended June 30,	Corporate & Institutional Services						Wealth Management						Treasury and Other						Total Consolidated
($ In Millions)	2015			2014			2015			2014			2015			2014			2015			2014
Noninterest Income
Trust, Investment and Other Servicing Fees	$	839.3		$	774.6		$	645.0		$	611.8		$	—		$	—		$	1,484.3		$	1,386.4
Foreign Exchange Trading Income		139.3			98.8			7.1			4.2			—			—			146.4			103.0
Other Noninterest Income		85.1			91.5			55.6			45.8			107.2			3.2			247.9			140.5
Net Interest Income (FTE)*		188.7			150.4			279.3			267.6			56.4			89.8			524.4			507.8
Revenue*		1,252.4			1,115.3			987.0			929.4			163.6			93.0			2,403.0			2,137.7
Provision for Credit Losses		(0.2	)		3.6			(14.3	)		(0.6	)		—			—			(14.5	)		3.0
Noninterest Expense		923.1			869.9			644.6			648.2			75.8			60.9			1,643.5			1,579.0
Income before
Income Taxes*		329.5			241.8			356.7			281.8			87.8			32.1			774.0			555.7
Provision for
Income Taxes*		102.6			70.9			134.2			106.2			37.3			15.3			274.1			192.4
Net Income	$	226.9		$	170.9		$	222.5		$	175.6		$	50.5		$	16.8		$	499.9		$	363.3
Percentage of
Consolidated Net Income		45	%		47	%		45	%		48	%		10	%		5	%		100	%		100	%
Average Assets	$	41,540.9		$	58,631.4		$	24,569.1		$	22,368.8			43,503.7			20,792.1		$	109,613.7		$	101,792.3

* Stated on a fully taxable equivalent basis (FTE). Total consolidated includes FTE adjustments of $12.6 million for 2015 and $15.5 million for 2014.

In the six-month period ended June 30, 2015, the presentation of certain assets was changed from C&IS to Treasury and Other to reflect better the internal management responsibility for these assets. In addition to the transfer of assets, the Corporation’s internal funds pricing treatment of deposits that fund the transferred assets was updated to reflect the economics of these deposits.

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.