# EDGAR Filing Document

**Accession Number:** 0000073124
**File Stem:** 0000073124-23-000018
**Filing Date:** 2023-1
**Character Count:** 278466
**Document Hash:** 99708ab2a0a0b51e8b7023596e874123
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000073124-23-000018.hdr.sgml**: 20230119

**ACCESSION NUMBER**: 0000073124-23-000018

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 31

**CONFORMED PERIOD OF REPORT**: 20230119

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230119

**DATE AS OF CHANGE**: 20230119

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN TRUST CORP
- **CENTRAL INDEX KEY:** 0000073124
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 362723087
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36609
- **FILM NUMBER:** 23535913

**BUSINESS ADDRESS:**
- **STREET 1:** 50 S LASALLE ST
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** 3126306000

**MAIL ADDRESS:**
- **STREET 1:** 50 S LASALLE ST
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTRUST CORP
- **DATE OF NAME CHANGE:** 19780525

?xml version="1.0" ? ntrs-20230119

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549** 

---

| | |
|:---|:---|
| **FORM** | **8-K** |

---

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the** 

**Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported) January 19, 2023** 

**NORTHERN TRUST CORPORATION**

**(Exact name of registrant as specified in its charter)**

---

| | | | |
|:---|:---|:---|:---|
| **Delaware** | **Delaware** | **001-36609** | **36-2723087** |
| **(State or other jurisdiction of incorporation)** | **(State or other jurisdiction of incorporation)** | **(Commission File Number)** | **(IRS Employer Identification No.)** |
| **50 South LaSalle Street** | **50 South LaSalle Street** | | **60603** |
| **Chicago,** | **Illinois** | | **(Zip Code)** |
| **(Address of principal executive offices)** | **(Address of principal executive offices)** | | |

---

**Registrant's telephone number, including area code (312) 630-6000** 

**Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:**

☐ **Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)**

☐ **Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)**

☐ **Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))**

☐ **Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))**

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **<u>Title of each class</u>** | **<u>Trading Symbol</u>** | **<u>Name of each exchange on which registered</u>** |
| **Common Stock, $1.66 2/3 Par Value** | **NTRS** | **The NASDAQ Stock Market LLC** |
| **Depositary Shares, each representing 1/1,000th interest in a share of Series E Non-Cumulative Perpetual Preferred Stock** | **NTRSO** | **The NASDAQ Stock Market LLC** |

---

**Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).**

**Emerging growth company** ☐

**If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.** ☐

------

**Item 2.02.&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition**

The information contained in the registrant's January 19, 2023 press release, reporting on the registrant's earnings for the three and twelve months ended December 31, 2022, a copy of which is attached as Exhibit 99.1 hereto, is incorporated herein by reference.

**Item 7.01. Regulation FD Disclosure**

On January 19, 2023, the Corporation will hold a live conference call and webcast to discuss financial results for the three and twelve months ended December 31, 2022 and other matters relating to the Corporation. In connection therewith, the Corporation has also made available on its website presentation materials containing certain information relating to the Corporation (the "Presentation Materials") and materials that contain additional information about the Corporation's financial results for the three and twelve months ended December 31, 2022 (the "Financial Trends"), copies of which are attached as Exhibits 99.2 and 99.3 hereto, and are incorporated herein by reference.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits**

The information provided in this Current Report on Form 8-K, including Exhibits 99.1, 99.2 and 99.3, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in such filing.&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits:

---

| | |
|:---|:---|
| <u>Exhibit Number</u> | <u>Description</u> |
| <u>[99.1](q42022earningsreleaseex991.htm)</u> | <u>[Press Release](q42022earningsreleaseex991.htm)</u> |
| <u>[99.2](q4presentationmaterials.htm)</u> | <u>[Presentation Materials](q4presentationmaterials.htm)</u> |
| <u>[99.3](q42022trendreport-wordrepo.htm)</u> | <u>[Financial Trends](q42022trendreport-wordrepo.htm)</u> |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |

---

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | <u>NORTHERN TRUST CORPORATION</u> | <u>NORTHERN TRUST CORPORATION</u> |
| | | (Registrant) | (Registrant) |
| Dated: | January 19, 2023 | By: | /s/ Jason J. Tyler |
|  |  |  | Jason J. Tyler |
|  |  |  | Executive Vice President and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NEWS RELEASE** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;![ntrs_logoxwhite.jpg](ntrs_logoxwhite.jpg) |
| &nbsp;&nbsp;www.northerntrust.com | |

---

**INVESTOR CONTACT:** Jennifer Childe \| 312-444-3290 \| Jennifer.Childe@ntrs.com **MEDIA CONTACT:** Doug Holt \| 312-662-8315 \| Doug.Holt@ntrs.com

**NORTHERN TRUST CORPORATION REPORTS FOURTH QUARTER<br>NET INCOME OF $155.7 MILLION, EARNINGS PER DILUTED COMMON SHARE OF $0.71**

**CHICAGO**, **JANUARY 19, 2023** — Northern Trust Corporation today reported fourth quarter net income per diluted common share of $0.71, compared to $1.80 in the third quarter of 2022 and $1.91 in the fourth quarter of 2021. Net income was $155.7 million, compared to $394.8 million in the prior quarter and $406.4 million in the prior-year quarter.

---

| |
|:---|
| Fourth quarter 2022 results included the following: |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $213.0 million of pre-tax available for sale security losses recognized in conjunction with an intent to sell (after-tax $159.4 million). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $32.0 million of pre-tax severance-related charges (after-tax $24.0 million). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $14.0 million of pre-tax occupancy charges (after-tax $10.5 million) related to early lease exits. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $6.8 million of pre-tax pension settlement charge (after-tax $5.1 million). |

---

---

| |
|:---|
| MICHAEL O'GRADY, CHAIRMAN AND CHIEF EXECUTIVE OFFICER: |
| *"Northern Trust's fourth quarter results reflected strong year-over-year growth in net interest income, which more than offset lower trust fees. Expense levels remained elevated as we continued to invest in people and technology to enhance our resiliency and support growth in the business. Reported results included $266 million in charges related to a repositioning of our securities portfolio and, in part, steps we are taking to optimize our cost base and drive greater efficiencies throughout the company. These actions underscore our commitment to improving our profitability. As we look ahead, we are focused on driving organic growth, improving our productivity and further strengthening our foundation."* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| FINANCIAL SUMMARY & KEY METRICS | FINANCIAL SUMMARY & KEY METRICS |  |  |  |  |
|  |  |  |  | % Change Q4 2022 vs. | % Change Q4 2022 vs. |
| ($ In Millions except per share data) | Q4 2022 | Q3 2022 | Q4 2021 | Q3 2022 | Q4 2021 |
| Trust, Investment and Other Servicing Fees | $**1042.1** | $1078.7 | $1111 | (3)% | (6)% |
| Other Noninterest Income (Loss) | **(57.6)** | 163.1 | 195.4 | (135) | (129) |
| Net Interest Income (FTE\*) | **550.0** | 525.3 | 370.6 | 5 | 48 |
| Total Revenue (FTE\*) | $**1534.5** | $1767.1 | $1677 | (13)% | (8)% |
| Noninterest Expense | $**1323.6** | $1229.8 | $1168.9 | 8% | 13% |
| Provision for Credit Losses | **5.0** | 0.5 | (11.5) | N/M | N/M |
| Provision for Income Taxes | **34.7** | 129.7 | 103.2 | (73) | (66) |
| FTE Adjustment\* | **15.5** | 12.3 | 10.0 | 26 | 55 |
| Net Income | $**155.7** | $394.8 | $406.4 | (61)% | (62)% |
| Earnings Allocated to Common and<br>Potential Common Shares | $**148.7** | $375.4 | $398.7 | (60)% | (63)% |
| Diluted Earnings per Common Share | $**0.71** | $1.80 | $1.91 | (61)% | (63)% |
| Return on Average Common Equity | **5.9%** | 14.9% | 14.5% |  |  |
| Return on Average Assets | **0.42%** | 1.07% | 1.00% |  |  |
| Average Assets | $**147803.6** | $146402.2 | $161353.8 | 1% | (8)% |

---

N/M - Not meaningful

(\*) &nbsp;&nbsp;&nbsp;&nbsp;Net interest income and total revenue presented on a fully taxable equivalent (FTE) basis are non-generally accepted accounting principle financial measures that facilitate the analysis of asset yields. Please refer to the Reconciliation to Fully Taxable Equivalent section for further detail.

------

**NORTHERN TRUST CORPORATION FOURTH QUARTER 2022 RESULTS**<br>

---

| |
|:---|
| **ACCOUNTING RECLASSIFICATION** |
| Beginning in the first quarter of 2022, Trust, Investment and Other Servicing fees were impacted by the change in classification of certain fees that were previously recorded in Other Operating Income or as a reduction of Other Operating Expense but resulted in no impact to net income. The accounting reclassification increased Trust, Investment and Other Servicing fees in the fourth quarter of 2022 by $14.2 million, with a $5.6 million decrease in Other Operating Income and an $8.6 million increase in Other Operating Expense. The classification changes are deemed to be a better representation of the underlying nature of the business as they are directly tied to client asset levels and the related services are more akin to our core service offerings. Prior-year amounts have not been reclassified. |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **CLIENT ASSETS** | | | | | |
| Assets under custody/administration (AUC/A) and assets under management are a driver of the Corporation's trust, investment and other servicing fees, the largest component of noninterest income.  | Assets under custody/administration (AUC/A) and assets under management are a driver of the Corporation's trust, investment and other servicing fees, the largest component of noninterest income.  | Assets under custody/administration (AUC/A) and assets under management are a driver of the Corporation's trust, investment and other servicing fees, the largest component of noninterest income.  | Assets under custody/administration (AUC/A) and assets under management are a driver of the Corporation's trust, investment and other servicing fees, the largest component of noninterest income.  | Assets under custody/administration (AUC/A) and assets under management are a driver of the Corporation's trust, investment and other servicing fees, the largest component of noninterest income.  | Assets under custody/administration (AUC/A) and assets under management are a driver of the Corporation's trust, investment and other servicing fees, the largest component of noninterest income.  |
|  | As of | As of | As of | % Change December 31, 2022 vs. | % Change December 31, 2022 vs. |
| <u>($ In Billions)</u> | December 31, 2022\* | September 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 |
| **Assets Under Custody/Administration** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Asset Servicing | $**12705.5** | $11954.0 | $15183.2 | 6% | (16)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Wealth Management | **898.5** | 868.0 | 1065.6 | 4 | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Assets Under Custody/Administration | $**13604.0** | $12822.0 | $16248.8 | 6% | (16)% |
| **Assets Under Custody**<sup>(1)</sup> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Asset Servicing | $**9712.3** | $9125.5 | $11554.8 | 6% | (16)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Wealth Management | **892.3** | 860.8 | 1057.5 | 4 | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Assets Under Custody | $**10604.6** | $9986.3 | $12612.3 | 6% | (16)% |
| **Assets Under Management** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Asset Servicing | $**898.1** | $873.7 | $1191.0 | 3% | (25)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Wealth Management | **351.4** | 336.2 | 416.1 | 5 | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Assets Under Management | $**1249.5** | $1209.9 | $1607.1 | 3% | (22)% |

---

<sup>(1)</sup> Assets Under Custody are a component of Assets Under Custody/Administration.

<sup>(\*)</sup> Client assets for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TRUST, INVESTMENT AND OTHER SERVICING FEES** | **TRUST, INVESTMENT AND OTHER SERVICING FEES** | | | | |
|  |  |  |  | % Change Q4 2022 vs. | % Change Q4 2022 vs. |
| <u>($ In Millions)</u> | Q4 2022 | Q3 2022 | Q4 2021 | Q3 2022 | Q4 2021 |
| **Asset Servicing Trust, Investment and Other Servicing Fees** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Custody and Fund Administration | $**406.3** | $407.3 | $457.7 | —% | (11)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment Management | **123.8** | 136.0 | 113.3 | (9) | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities Lending | **19.3** | 21.7 | 18.8 | (11) | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | **38.6** | 38.2 | 35.3 | 1 | 9 |
| Total Asset Servicing | $**588.0** | $603.2 | $625.1 | (3)% | (6)% |
| **Wealth Management Trust, Investment and Other Servicing Fees** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Central | $**162.2** | $171.3 | $181.4 | (5)% | (11)% |
| &nbsp;&nbsp;&nbsp;&nbsp;East | **117.8** | 124.1 | 132.9 | (5) | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp;West | **89.5** | 92.5 | 98.6 | (3) | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Family Office (GFO) | **84.6** | 87.6 | 73.0 | (3) | 16 |
| Total Wealth Management | $**454.1** | $475.5 | $485.9 | (5)% | (7)% |
| **Total Consolidated Trust, Investment and Other Servicing Fees** | $**1042.1** | $1078.7 | $1111.0 | (3)% | (6)% |

---

Asset Servicing and Wealth Management trust, investment and other servicing fees are impacted by both one-month and one-quarter lagged asset values.

**Total Asset Servicing trust, investment and other servicing fees** decreased sequentially and from the prior-year quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**▪** Custody and fund administration fees decreased from the prior-year quarter primarily due to unfavorable markets and unfavorable currency translation, partially offset by new business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**▪** Investment management fees decreased sequentially primarily due to asset outflows and unfavorable markets. Investment management fees increased from the prior-year quarter primarily due to lower money market fund fee waivers, partially offset by asset outflows and unfavorable markets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**▪** Other trust, investment and other servicing fees increased from the prior-year quarter primarily due to the accounting reclassification discussed above.

------

**NORTHERN TRUST CORPORATION FOURTH QUARTER 2022 RESULTS**<br>

**Total Wealth Management trust, investment and other servicing fees** decreased sequentially and from the prior-year quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Fees in the regions (Central, East and West) decreased sequentially primarily due to unfavorable markets and asset outflows. Fees in the regions decreased from the prior-year quarter primarily due to unfavorable markets and asset outflows, partially offset by lower money market fund fee waivers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Fees in GFO decreased sequentially primarily due to asset outflows and unfavorable markets. Fees in GFO increased from the prior-year quarter primarily due to lower money market fund fee waivers and new business, partially offset by unfavorable markets.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **OTHER NONINTEREST INCOME** | **OTHER NONINTEREST INCOME** | | | | |
|  |  |  |  | % Change Q4 2022 vs. | % Change Q4 2022 vs. |
| <u>($ In Millions)</u> | Q4 2022 | Q3 2022 | Q4 2021 | Q3 2022 | Q4 2021 |
| **Other Noninterest Income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Exchange Trading Income | $**65.4** | $64.7 | $76.9 | 1% | (15)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Treasury Management Fees | **8.3** | 9.3 | 10.6 | (9) | (21) |
| &nbsp;&nbsp;&nbsp;&nbsp; Security Commissions and Trading Income | **35.1** | 32.1 | 35.9 | 9 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Operating Income | **47.3** | 57.3 | 72.3 | (18) | (35) |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Security Gains (Losses), net | **(213.7)** | (0.3) | (0.3) | N/M | N/M |
| Total Other Noninterest Income (Loss) | $**(57.6)** | $163.1 | $195.4 | (135)% | (129)% |

---

N/M - Not meaningful

**Foreign exchange trading income** decreased compared to the prior-year quarter primarily driven by decreased foreign exchange swap activity in Treasury and lower client volumes.

**Security commissions and trading income** increased sequentially primarily due to higher core brokerage activity.

**Other operating income** decreased sequentially primarily due to higher expenses related to existing swap agreements related to historical sales of Visa Inc. Class B common shares. Other operating income decreased compared to the prior-year quarter primarily driven by gains from property sales in the prior-year quarter and the accounting reclassification.

**Investment security gains (losses), net** decreased sequentially and compared to the prior-year quarter primarily due to a $213.0 million loss arising from an intent to sell available for sale debt securities, which were sold in January 2023.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **NET INTEREST INCOME** | | | | | | | |
|  |  |  |  | % Change Q4 2022 vs. | % Change Q4 2022 vs. | % Change Q4 2022 vs. | % Change Q4 2022 vs. |
| <u>($ In Millions)</u> | Q4 2022 | Q3 2022 | Q4 2021 | Q3 2022 | Q3 2022 | Q4 2021 | Q4 2021 |
| **Net Interest Income** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest Income (FTE\*) | $**1185.6** | $811.6 | $372.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219% |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest Expense | **635.6** | 286.3 | 1.6 | 122 | 122 | N/M | N/M |
| Net Interest Income (FTE\*) | $**550.0** | $525.3 | $370.6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48% |
| Average Earning Assets | $**133789** | $132147 | $148834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10 %) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10 %) |
| Net Interest Margin (FTE\*) | **1.63%** | 1.58% | 0.99% | 5 | bps | 64 | bps |

---

(\*) Interest income, net interest income and net interest margin presented on an FTE basis are non-generally accepted accounting principle financial measures that facilitate the analysis of asset yields. Please refer to the Reconciliation to Fully Taxable Equivalent section for further detail.

bps - basis points

**Net interest income** on an FTE basis increased sequentially and compared to the prior-year quarter primarily due to higher average interest rates, partially offset by an unfavorable balance sheet mix shift.

**The net interest margin** on an FTE basis increased sequentially primarily due to higher average interest rates, partially offset by an unfavorable balance sheet mix shift. The net interest margin on an FTE basis increased from the prior-year quarter primarily due to higher average interest rates.

**Average earning assets** decreased from the prior-year quarter primarily due to lower level of securities and short-term interest-bearing deposits with banks, partially offset by higher level of loans. The decrease in the size of the average balance sheet was primarily due to lower levels of client deposits, partially offset by higher short-term borrowing activity.

------

**NORTHERN TRUST CORPORATION FOURTH QUARTER 2022 RESULTS**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PROVISION FOR CREDIT LOSSES** | | | | | |
|  | As of and for the three-months ended, | As of and for the three-months ended, | As of and for the three-months ended, | % Change December 31, 2022 vs. | % Change December 31, 2022 vs. |
| <u>($ In Millions)</u> | December 31, 2022 | September 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 |
| **Allowance for Credit Losses** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beginning Allowance for Credit Losses | $**195.9** | $199.9 | $195.1 | (2)% | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for Credit Losses | **5.0** | 0.5 | (11.5) | N/M | N/M |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Recoveries (Charge-Offs) | **—** | (4.5) | 1.1 | N/M | N/M |
| &nbsp;&nbsp;&nbsp;Ending Allowance for Credit Losses | $**200.9** | $195.9 | $184.7 | 3% | 9% |
| Allowance assigned to: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and Leases | $**144.3** | $138.7 | $138.4 | 4% | 4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Undrawn Loan Commitments and <br>Standby Letters of Credit | **38.5** | 40.7 | 34.1 | (5) | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt Securities and Other Financial Assets | **18.1** | 16.5 | 12.2 | 8 | 47 |
| &nbsp;&nbsp;&nbsp;Ending Allowance for Credit Losses | $**200.9** | $195.9 | $184.7 | 3% | 9% |

---

N/M - Not meaningful

**Q4 2022**

The provision in the current quarter was primarily due to an increase in the reserve evaluated on a collective basis, driven by growth in the commercial and institutional and commercial real estate portfolios and further deterioration in the macroeconomic outlook, partially offset by improvement in portfolio quality for the commercial and institutional segment. The reserve evaluated on a collective basis relates to pooled financial assets sharing similar risk characteristics.

**Q3 2022**

The provision in the prior quarter was primarily due to an increase in the reserve evaluated on a collective basis, driven by a weaker macroeconomic outlook at the time as compared to the previous period, partially offset by improvements in credit quality mainly within the commercial and institutional portfolio.

**Q4 2021**

The release of credit reserves in the prior-year quarter was primarily due to a decrease in the reserve evaluated on a collective basis, driven by improvements in projected economic conditions at the time and portfolio credit quality, partially offset by portfolio growth. Decreases in the collective basis reserve were primarily in the commercial and institutional and commercial real estate portfolios, partially offset by an increase in the private client portfolio.

------

**NORTHERN TRUST CORPORATION FOURTH QUARTER 2022 RESULTS**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **NONINTEREST EXPENSE** | | | | | |
|  |  |  |  | % Change Q4 2022 vs. | % Change Q4 2022 vs. |
| <u>($ In Millions)</u> | Q4 2022 | Q3 2022 | Q4 2021 | Q3 2022 | Q4 2021 |
| **Noninterest Expense** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Compensation | $**584.3** | $553.3 | $510.2 | 6% | 15% |
| &nbsp;&nbsp;&nbsp;&nbsp;Employee Benefits | **103.6** | 109.9 | 107.9 | (6) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Outside Services | **232.9** | 220.9 | 224.2 | 5 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equipment and Software | **229.4** | 212.4 | 196.1 | 8 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy | **65.7** | 51.3 | 51.8 | 28 | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Operating Expense | **107.7** | 82.0 | 78.7 | 31 | 37 |
| Total Noninterest Expense | $**1323.6** | $1229.8 | $1168.9 | 8% | 13% |
| End of Period Full-Time Equivalent Staff | **23600** | 23100 | 21100 | 2% | 12% |

---

**Compensation expense** increased sequentially primarily due to $30.4 million of severance-related charges and higher salary expense, partially offset by lower incentives. Compensation expense increased compared to the prior-year quarter primarily due to higher salary expense and $30.4 million of severance-related charges, partially offset by favorable currency translation.

**Employee benefits expense** decreased sequentially primarily due to a decline in pension-related expense, inclusive of a $6.8 million pension settlement charge in the current quarter as compared to a $17.0 million charge in the prior quarter, partially offset by higher medical costs. Employee benefits expense decreased compared to the prior-year quarter primarily due to lower ongoing pension expense associated with a plan remeasurement, partially offset by higher medical costs.

**Outside services expense** increased sequentially primarily due to higher technical services costs and legal services, partially offset by lower subcustodian expense and consulting services. Outside services expense increased compared to the prior-year quarter primarily due to higher technical services costs, legal services, and consulting services, partially offset by lower third-party advisory fees and subcustodian expense.

**Equipment and software expense** increased sequentially and compared to the prior-year quarter primarily due to higher software costs driven by continued technology investments as well as amortization.

**Occupancy expense** increased sequentially and compared to the prior-year quarter primarily due to $14.0 million of charges related to early lease exits.

**Other operating expense** increased sequentially primarily due to higher business promotion, supplemental compensation plan expense and miscellaneous expense. Other operating expense increased compared to the prior-year quarter primarily due to higher staff-related expense, business promotion and miscellaneous expense.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **PROVISION FOR INCOME TAX** | | | | | | | |
|  |  |  |  | % Change Q4 2022 vs. | % Change Q4 2022 vs. | % Change Q4 2022 vs. | % Change Q4 2022 vs. |
| <u>($ In Millions)</u> | Q4 2022 | Q3 2022 | Q4 2021 | Q3 2022 | Q3 2022 | Q4 2021 | Q4 2021 |
| **Net Income** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Income before Income Taxes | $**190.4** | $524.5 | $509.6 | (64) | % | (63) | % |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for Income Taxes | **34.7** | 129.7 | 103.2 | (73) |  | (66) |  |
| Net Income | $**155.7** | $394.8 | $406.4 | (61) | % | (62) | % |
| Effective Tax Rate | **18.2%** | 24.7% | 20.2% | (650) | bps | (200) | bps |

---

bps - basis points

**The effective tax rate** decreased sequentially and from the prior-year quarter primarily due to the significant decrease in pretax earnings while tax benefits from tax-credit investments and tax-exempt income were constant or slightly increased. The decrease in the prior-year quarter was partially offset by a higher net impact from international operations, including limitations on the U.S. foreign tax credit.

------

**NORTHERN TRUST CORPORATION FOURTH QUARTER 2022 RESULTS**<br>

**CAPITAL ACTIONS**

**The Corporation returned approximately $158.9 million to common shareholders** in the current quarter through dividends and the repurchase of shares. During the current quarter, the Corporation declared cash dividends totaling $158.8 million to common stockholders. The Corporation repurchased 2,202 shares of common stock, all of which were withheld related to share-based compensation, at a total cost of $0.1 million ($87.02 average price per share). The Corporation also declared cash dividends totaling $4.7 million to preferred stockholders during the current quarter.

**CAPITAL RATIOS**

The capital ratios of Northern Trust Corporation and its principal subsidiary, The Northern Trust Company, remained strong at December 31, 2022, exceeding the minimum requirements for classification as "well-capitalized" under applicable U.S. regulatory requirements.

The table below provides capital ratios, as well as the required minimum capital ratios, for Northern Trust Corporation and The Northern Trust Company determined by Basel III phased-in requirements.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | December 31, 2022\* | December 31, 2022\* | September 30, 2022 | September 30, 2022 | December 31, 2021 | December 31, 2021 | | |
| **Capital Ratios - <br>Northern Trust Corporation** | Standardized Approach | Advanced Approach | Standardized Approach | Advanced Approach | Standardized Approach | Advanced Approach | Well-Capitalized Ratios | Minimum Capital Ratios |
| Common Equity Tier 1 Capital | **10.8%** | **11.5%** | 10.1% | 11.4% | 11.9% | 13.2% | N/A | 4.5% |
| Tier 1 Capital | **11.8** | **12.5** | 11.1 | 12.5 | 12.9 | 14.3 | 6.0 | 6.0 |
| Total Capital | **13.9** | **14.5** | 12.2 | 13.5 | 14.1 | 15.3 | 10.0 | 8.0 |
| Tier 1 Leverage | **7.1** | **7.1** | 7.0 | 7.0 | 6.9 | 6.9 | N/A | 4.0 |
| Supplementary Leverage | **N/A** | **7.9** | N/A | 7.7 | N/A | 8.2 | N/A | 3.0 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | December 31, 2022\* | December 31, 2022\* | September 30, 2022 | September 30, 2022 | December 31, 2021 | December 31, 2021 | | |
| **Capital Ratios - <br>The Northern Trust Company** | Standardized Approach | Advanced Approach | Standardized Approach | Advanced Approach | Standardized Approach | Advanced Approach | Well-Capitalized Ratios | Minimum Capital Ratios |
| Common Equity Tier 1 Capital | **11.6%** | **12.4%** | 10.7% | 12.2% | 12.0% | 13.5% | 6.5% | 4.5% |
| Tier 1 Capital | **11.6** | **12.4** | 10.7 | 12.2 | 12.0 | 13.5 | 8.0 | 6.0 |
| Total Capital | **13.5** | **14.2** | 11.6 | 13.0 | 13.0 | 14.4 | 10.0 | 8.0 |
| Tier 1 Leverage | **6.9** | **6.9** | 6.7 | 6.7 | 6.4 | 6.4 | 5.0 | 4.0 |
| Supplementary Leverage | **N/A** | **7.7** | N/A | 7.4 | N/A | 7.6 | 3.0 | 3.0 |

---

(\*) Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission.

------

**NORTHERN TRUST CORPORATION FOURTH QUARTER 2022 RESULTS**<br>

**RECONCILIATION TO FULLY TAXABLE EQUIVALENT**

The following table presents a reconciliation of interest income, net interest income, net interest margin, and total revenue prepared in accordance with generally accepted accounting principles to such measures on an FTE basis, which are non-generally accepted accounting financial measures. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Management believes this presentation provides a clearer indication of these financial measures for comparative purposes. When adjusted to an FTE basis, yields on taxable, nontaxable and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | QUARTERS | QUARTERS | QUARTERS | QUARTERS | QUARTERS |
| | 2022 | 2022 | 2022 | 2022 | 2021 |
| <u>($ in Millions)</u> | FOURTH | THIRD | SECOND | FIRST | FOURTH |
| **Net Interest Income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest Income - GAAP | $**1170.1** | $799.3 | $524.8 | $383.5 | $362.2 |
| &nbsp;&nbsp;&nbsp;Add: FTE Adjustment | **15.5** | 12.3 | 11.1 | 6.7 | 10.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest Income (FTE) - Non-GAAP | $**1185.6** | $811.6 | $535.9 | $390.2 | $372.2 |
| &nbsp;&nbsp;&nbsp;Net Interest Income - GAAP | $**534.5** | $513 | $458.7 | $381 | $360.6 |
| &nbsp;&nbsp;&nbsp;Add: FTE Adjustment | **15.5** | 12.3 | 11.1 | 6.7 | 10.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Interest Income (FTE) - Non-GAAP | $**550.0** | $525.3 | $469.8 | $387.7 | $370.6 |
| &nbsp;&nbsp;&nbsp;Net Interest Margin - GAAP | **1.58%** | 1.54% | 1.31% | 1.03% | 0.96% |
| &nbsp;&nbsp;&nbsp;Net Interest Margin (FTE) - Non-GAAP | **1.63%** | 1.58% | 1.35% | 1.05% | 0.99% |
| **Total Revenue** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total Revenue - GAAP | $**1519.0** | $1754.8 | $1768.7 | $1718.7 | $1667 |
| &nbsp;&nbsp;&nbsp;Add: FTE Adjustment | **15.5** | 12.3 | 11.1 | 6.7 | 10.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Revenue (FTE) - Non-GAAP | $**1534.5** | $1767.1 | $1779.8 | $1725.4 | $1677 |

---

------

**NORTHERN TRUST CORPORATION FOURTH QUARTER 2022 RESULTS**<br>

**FORWARD LOOKING STATEMENTS**

This release may include statements which constitute "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified typically by words or phrases such as "believe," "expect," "anticipate," "intend," "estimate," "project," "likely," "plan," "goal," "target," "strategy," and similar expressions or future or conditional verbs such as "may," "will," "should," "would," and "could." Forward-looking statements include statements, other than those related to historical facts, that relate to Northern Trust's financial results and outlook, capital adequacy, dividend policy and share repurchase program, accounting estimates and assumptions, credit quality including allowance levels, future pension plan contributions, effective tax rate, anticipated expense levels, contingent liabilities, acquisitions, strategies, market and industry trends, and expectations regarding the impact of accounting pronouncements and legislation. These statements are based on Northern Trust's current beliefs and expectations of future events or future results, and involve risks and uncertainties that are difficult to predict and subject to change. These statements are also based on assumptions about many important factors, including the factors discussed in Northern Trust's most recent annual report on Form 10-K and other filings with the U.S. Securities and Exchange Commission, all of which are available on Northern Trust's website. We caution you not to place undue reliance on any forward-looking statement as actual results may differ materially from those expressed or implied by forward-looking statements. Northern Trust assumes no obligation to update its forward-looking statements.

**WEBCAST OF FOURTH QUARTER EARNINGS CONFERENCE CALL**<br>

Northern Trust's fourth quarter earnings conference call will be webcast on January 19, 2023.

The live call will be conducted at 8:00 a.m. CT and is accessible on Northern Trust's website at:

https://www.northerntrust.com/about-us/investor-relations

A recording of the live call will be available on Northern Trust's website following the live event, for approximately four weeks. Participants will need Windows Media or Adobe Flash software. This earnings release can also be accessed at Northern Trust's website.

**About Northern Trust** 

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 25 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2022, Northern Trust had assets under custody/administration of US$13.6 trillion, and assets under management of US$1.2 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Twitter @NorthernTrust or Northern Trust Corporation on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

------

---

| |
|:---|
| **NORTHERN TRUST CORPORATION** |
| (Supplemental Consolidated Financial Information) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>STATEMENT OF INCOME DATA</u>** |  |  |  | % Change<sup>(1)</sup> | % Change<sup>(1)</sup> |
| **($ In Millions Except Per Share Data)** |  |  |  | Q4 2022 vs. | Q4 2022 vs. |
|  | Q4 2022 | Q3 2022 | Q4 2021 | Q3 2022 | Q4 2021 |
| **Noninterest Income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Trust, Investment and Other Servicing Fees | $**1042.1** | $1078.7 | $1111 | (3)% | (6)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Exchange Trading Income | **65.4** | 64.7 | 76.9 | 1 | (15) |
| &nbsp;&nbsp;&nbsp;&nbsp; Treasury Management Fees | **8.3** | 9.3 | 10.6 | (9) | (21) |
| &nbsp;&nbsp;&nbsp;&nbsp; Security Commissions and Trading Income | **35.1** | 32.1 | 35.9 | 9 | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Operating Income | **47.3** | 57.3 | 72.3 | (18) | (35) |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Security Gains (Losses), net | **(213.7)** | (0.3) | (0.3) | N/M | N/M |
| Total Noninterest Income | **984.5** | 1241.8 | 1306.4 | (21) | (25) |
| **Net Interest Income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest Income | **1170.1** | 799.3 | 362.2 | 46 | N/M |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest Expense | **635.6** | 286.3 | 1.6 | 122 | N/M |
| Net Interest Income | **534.5** | 513.0 | 360.6 | 4 | 48 |
| Total Revenue | **1519.0** | 1754.8 | 1667.0 | (13) | (9) |
| Provision for Credit Losses | **5.0** | 0.5 | (11.5) | N/M | N/M |
| **Noninterest Expense** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Compensation | **584.3** | 553.3 | 510.2 | 6 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp; Employee Benefits | **103.6** | 109.9 | 107.9 | (6) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; Outside Services | **232.9** | 220.9 | 224.2 | 5 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equipment and Software | **229.4** | 212.4 | 196.1 | 8 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp; Occupancy | **65.7** | 51.3 | 51.8 | 28 | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Operating Expense | **107.7** | 82.0 | 78.7 | 31 | 37 |
| Total Noninterest Expense | **1323.6** | 1229.8 | 1168.9 | 8 | 13 |
| Income before Income Taxes | **190.4** | 524.5 | 509.6 | (64) | (63) |
| Provision for Income Taxes | **34.7** | 129.7 | 103.2 | (73) | (66) |
| **NET INCOME** | $**155.7** | $394.8 | $406.4 | (61)% | (62)% |
| Preferred Stock Dividends | **4.7** | 16.2 | 4.7 | (71) |  |
| **NET INCOME APPLICABLE TO COMMON STOCK** | $**151.0** | $378.6 | $401.7 | (60)% | (62)% |
| Earnings Allocated to Participating Securities | **2.3** | 3.2 | 3.0 | (29) | (26) |
| Earnings Allocated to Common and Potential Common Shares | $**148.7** | $375.4 | $398.7 | (60) | (63) |
| **Per Common Share** |  |  |  |  |  |
| Net Income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic | $**0.71** | $1.80 | $1.92 | (61)% | (63)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Diluted | **0.71** | 1.80 | 1.91 | (61) | (63) |
| Average Common Equity | $**10094.5** | $10050.7 | $10956.7 | —% | (8)% |
| Return on Average Common Equity | **5.9%** | 14.9% | 14.5% |  |  |
| Return on Average Assets | **0.42%** | 1.07% | 1.00% |  |  |
| Cash Dividends Declared per Common Share | $**0.75** | $0.75 | $0.70 | —% | 7% |
| Average Common Shares Outstanding (000s) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic | **208423** | 208400 | 207708 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Diluted | **208894** | 208889 | 208593 |  |  |
| Common Shares Outstanding (EOP) (000s) | **208428** | 208416 | 207762 |  |  |

---

(1) Percentage calculations are based on actual balances rather than the rounded amounts presented in the Supplemental Consolidated Financial Information.

N/M - Not meaningful

EOP - End of period

------

---

| |
|:---|
| **NORTHERN TRUST CORPORATION** |
| (Supplemental Consolidated Financial Information) |

---

---

| | | | |
|:---|:---|:---|:---|
| **<u>STATEMENT OF INCOME DATA</u>** | | | |
| **($ In Millions Except Per Share Data)** | TWELVE MONTHS | TWELVE MONTHS |  |
|  | 2022 | 2021 | % Change<sup>(1)</sup> |
| **Noninterest Income** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Trust, Investment and Other Servicing Fees | $**4432.6** | $4361.1 | 2% |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Exchange Trading Income | **288.6** | 292.6 | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Treasury Management Fees | **39.3** | 44.3 | (11) |
| &nbsp;&nbsp;&nbsp;&nbsp; Security Commissions and Trading Income | **136.2** | 140.2 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Operating Income | **191.3** | 243.9 | (22) |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Security Gains (Losses), net | **(214.0)** | (0.3) | N/M |
| Total Noninterest Income | **4874.0** | 5081.8 | (4) |
| **Net Interest Income** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest Income | **2877.7** | 1406.5 | 105 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest Expense | **990.5** | 23.8 | N/M |
| Net Interest Income | **1887.2** | 1382.7 | 36 |
| Total Revenue | **6761.2** | 6464.5 | 5 |
| Provision for Credit Losses | **12.0** | (81.5) | N/M |
| **Noninterest Expense** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Compensation | **2248.0** | 2011.0 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp; Employee Benefits | **437.4** | 431.4 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Outside Services | **880.3** | 849.4 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equipment and Software | **838.8** | 736.3 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp; Occupancy | **219.1** | 208.7 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Operating Expense | **359.3** | 299.1 | 20 |
| Total Noninterest Expense | **4982.9** | 4535.9 | 10 |
| Income before Income Taxes | **1766.3** | 2010.1 | (12) |
| Provision for Income Taxes | **430.3** | 464.8 | (7) |
| **NET INCOME** | $**1336.0** | $1545.3 | (14)% |
| Preferred Stock Dividends | **41.8** | 41.8 |  |
| **NET INCOME APPLICABLE TO COMMON STOCK** | $**1294.2** | $1503.5 | (14)% |
| Earnings Allocated to Participating Securities | **11.8** | 12.9 | (9) |
| Earnings Allocated to Common and Potential Common Shares | $**1282.4** | $1490.6 | (14)% |
| **Per Common Share** |  |  |  |
| Net Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic | $**6.16** | $7.16 | (14)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Diluted | **6.14** | 7.14 | (14) |
| Average Common Equity | $**10196.6** | $10812.1 | (6)% |
| Return on Average Common Equity | **12.7%** | 13.9% |  |
| Return on Average Assets | **0.88%** | 0.99% |  |
| Cash Dividends Declared per Common Share | $**2.90** | $2.80 | 4% |
| Average Common Shares Outstanding (000s) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Basic | **208309** | 208076 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Diluted | **208867** | 208899 |  |
| Common Shares Outstanding (EOP) (000s) | **208428** | 207762 |  |

---

(1)Percentage calculations are based on actual balances rather than the rounded amounts presented in the Supplemental Consolidated Financial Information.

N/M - Not meaningful

EOP - End of period

------

---

| |
|:---|
| **NORTHERN TRUST CORPORATION** |
| (Supplemental Consolidated Financial Information) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>BALANCE SHEET</u>** | | | | | |
| **($ In Millions)** |  |  |  | % Change<sup>(1)</sup> | % Change<sup>(1)</sup> |
|  |  |  |  | December 31, 2022 vs. | December 31, 2022 vs. |
|  | December 31, 2022 | September 30, 2022 | December 31, 2021 | September 30, 2022 | December 31, 2021 |
| **Assets** |  |  |  |  |  |
| Federal Reserve and Other Central Bank Deposits | $**39961.9** | $39582.4 | $64495.1 | 1% | (38)% |
| Interest-Bearing Due from and Deposits with Banks<sup>(2)</sup> | **4926.6** | 4097.4 | 3849.2 | 20 | 28 |
| Federal Funds Sold | **32.0** | 30.1 |  | 6 | N/M |
| Securities Purchased under Agreements to Resell | **1070.3** | 1166.2 | 686.4 | (8) | 56 |
| Debt Securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Available for Sale | **26699.9** | 26979.3 | 38010.5 | (1) | (30) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Held to Maturity | **25036.1** | 25249.8 | 23564.5 | (1) | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trading Account | **95.2** | 0.1 | 0.3 | N/M | N/M |
| Total Debt Securities | **51831.2** | 52229.2 | 61575.3 | (1) | (16) |
| Loans and Leases | **42893.3** | 43991.9 | 40480.6 | (2) | 6 |
| Other Interest-Earning Assets<sup>(3)</sup> | **1769.4** | 1641.3 | 1189.4 | 8 | 49 |
| Total Earning Assets | **142484.7** | 142738.5 | 172276.0 |  | (17) |
| Allowance for Credit Losses | **(161.1)** | (154.4) | (150.6) | 4 | 7 |
| Cash and Due from Banks and Other Central Bank Deposits<sup>(4)</sup> | **1737.2** | 2000.3 | 1244.1 | (13) | 40 |
| Buildings and Equipment | **500.5** | 469.2 | 488.7 | 7 | 2 |
| Client Security Settlement Receivables | **1698.3** | 3077.3 | 1941.2 | (45) | (13) |
| Goodwill | **691.3** | 679.0 | 706.2 | 2 | (2) |
| Other Assets | **8085.8** | 11029.7 | 7384.2 | (27) | 10 |
| **Total Assets** | $**155036.7** | $159839.6 | $183889.8 | (3)% | (16)% |
| **Liabilities and Stockholders' Equity** |  |  |  |  |  |
| Interest-Bearing Deposits |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Savings, Money Market and Other | $**31128.6** | $30968.5 | $35003.1 | 1% | (11)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Savings Certificates and Other Time | **1981.3** | 1217.1 | 842.7 | 63 | 135 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-U.S. Offices - Interest-Bearing | **65481.9** | 68503.7 | 75767.1 | (4) | (14) |
| Total Interest-Bearing Deposits | **98591.8** | 100689.3 | 111612.9 | (2) | (12) |
| Federal Funds Purchased | **1896.9** | 4364.8 | 0.2 | (57) | N/M |
| Securities Sold under Agreements to Repurchase | **567.2** | 561.4 | 531.9 | 1 | 7 |
| Other Borrowings | **7592.3** | 7153.6 | 3583.8 | 6 | 112 |
| Senior Notes | **2724.2** | 2707.4 | 2505.5 | 1 | 9 |
| Long-Term Debt | **2066.2** | 1068.3 | 1145.7 | 93 | 80 |
| Total Interest-Related Funds | **113438.6** | 116544.8 | 119380.0 | (3) | (5) |
| Demand and Other Noninterest-Bearing Deposits | **25340.3** | 27858.1 | 48315.5 | (9) | (48) |
| Other Liabilities | **4998.3** | 4406.3 | 4177.5 | 13 | 20 |
| Total Liabilities | **143777.2** | 148809.2 | 171873.0 | (3) | (16) |
| Common Equity | **10374.6** | 10145.5 | 11131.9 | 2 | (7) |
| Preferred Equity | **884.9** | 884.9 | 884.9 |  |  |
| Total Equity | **11259.5** | 11030.4 | 12016.8 | 2 | (6) |
| **Total Liabilities and Stockholders' Equity** | $**155036.7** | $159839.6 | $183889.8 | (3)% | (16)% |

---

(1)&nbsp;&nbsp;&nbsp;&nbsp;Percentage calculations are based on actual balances rather than the rounded amounts presented in the Supplemental Consolidated Financial Information.

(2)&nbsp;&nbsp;&nbsp;&nbsp;Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC.

(3)&nbsp;&nbsp;&nbsp;&nbsp;Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC.

(4)&nbsp;&nbsp;&nbsp;&nbsp;Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC.

------

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| |
|:---|
| **NORTHERN TRUST CORPORATION** |
| (Supplemental Consolidated Financial Information) |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>AVERAGE BALANCE SHEET</u>** | | | | | |
| **($ In Millions)** |  |  |  | % Change<sup>(1)</sup> | % Change<sup>(1)</sup> |
|  |  |  |  | Q4 2022 vs. | Q4 2022 vs. |
|  | Q4 2022 | Q3 2022 | Q4 2021 | Q3 2022 | Q4 2021 |
| **Assets** |  |  |  |  |  |
| Federal Reserve and Other Central Bank Deposits | $**32755.2** | $30548.7 | $40986.0 | 7% | (20)% |
| Interest-Bearing Due from and Deposits with Banks<sup>(2)</sup> | **4186.1** | 3976.8 | 4777.6 | 5 | (12) |
| Federal Funds Sold | **14.0** | 5.1 | 0.1 | 175 | N/M |
| Securities Purchased under Agreements to Resell | **1165.5** | 1270.9 | 876.0 | (8) | 33 |
| Debt Securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Available for Sale | **26742.4** | 28482.8 | 38216.1 | (6) | (30) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Held to Maturity | **25135.3** | 25126.6 | 22960.0 |  | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trading Account | **46.4** | 0.4 | 0.5 | N/M | N/M |
| Total Debt Securities | **51924.1** | 53609.8 | 61176.6 | (3) | (15) |
| Loans and Leases | **42329.4** | 41466.4 | 39860.4 | 2 | 6 |
| Other Interest-Earning Assets<sup>(3)</sup> | **1414.2** | 1268.8 | 1157.3 | 11 | 22% |
| Total Earning Assets | **133788.5** | 132146.5 | 148834.0 | 1 | (10) |
| Allowance for Credit Losses | **(154.6)** | (154.1) | (155.8) |  | (1) |
| Cash and Due from Banks and Other Central Bank Deposits<sup>(4)</sup> | **1773.7** | 1903.1 | 2123.6 | (7) | (16) |
| Buildings and Equipment | **491.0** | 481.2 | 497.1 | 2 | (1) |
| Client Security Settlement Receivables | **1809.9** | 1667.1 | 1638.5 | 9 | 10 |
| Goodwill | **685.8** | 685.5 | 705.4 |  | (3) |
| Other Assets | **9409.3** | 9672.9 | 7711.0 | (3) | 22 |
| **Total Assets** | $**147803.6** | $146402.2 | $161353.8 | 1% | (8)% |
| **Liabilities and Stockholders' Equity** |  |  |  |  |  |
| Interest-Bearing Deposits |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Savings, Money Market and Other | $**28488.7** | $29089.3 | $30676.1 | (2)% | (7)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Savings Certificates and Other Time | **1610.5** | 986.0 | 856.5 | 63 | 88 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-U.S. Offices - Interest-Bearing | **64024.0** | 64057.3 | 71098.6 |  | (10) |
| Total Interest-Bearing Deposits | **94123.2** | 94132.6 | 102631.2 |  | (8) |
| Federal Funds Purchased | **2704.7** | 1967.5 | 0.2 | 37 | N/M |
| Securities Sold under Agreements to Repurchase | **392.4** | 489.6 | 313.5 | (20) | 25 |
| Other Borrowings | **7933.2** | 5991.1 | 4788.9 | 32 | 66 |
| Senior Notes | **2721.5** | 2969.6 | 2510.3 | (8) | 8 |
| Long-Term Debt | **1718.6** | 1087.6 | 1150.8 | 58 | 49 |
| Floating Rate Capital Debt | **—** |  | 42.3 | N/M | (100) |
| Total Interest-Related Funds | **109593.6** | 106638.0 | 111437.2 | 3 | (2) |
| Demand and Other Noninterest-Bearing Deposits | **22186.3** | 24355.5 | 33389.6 | (9) | (34) |
| Other Liabilities | **5044.3** | 4473.1 | 4685.4 | 13 | 8 |
| Total Liabilities | **136824.2** | 135466.6 | 149512.2 | 1 | (8) |
| Common Equity | **10094.5** | 10050.7 | 10956.7 |  | (8) |
| Preferred Equity | **884.9** | 884.9 | 884.9 |  |  |
| Total Equity | **10979.4** | 10935.6 | 11841.6 |  | (7) |
| **Total Liabilities and Stockholders' Equity** | $**147803.6** | $146402.2 | $161353.8 | 1% | (8)% |

---

(1)&nbsp;&nbsp;&nbsp;&nbsp;Percentage calculations are based on actual balances rather than the rounded amounts presented in the Supplemental Consolidated Financial Information.

(2)&nbsp;&nbsp;&nbsp;&nbsp;Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC.

(3) &nbsp;&nbsp;&nbsp;&nbsp;Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC.

(4)&nbsp;&nbsp;&nbsp;&nbsp;Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC.

------

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| |
|:---|
| **NORTHERN TRUST CORPORATION** |
| (Supplemental Consolidated Financial Information) |

---

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **<u>QUARTERLY TREND DATA</u>** | QUARTERS | QUARTERS | QUARTERS | QUARTERS | QUARTERS | QUARTERS | QUARTERS | QUARTERS | QUARTERS | QUARTERS |
| **<u>($ In Millions Except Per Share Data)</u>** | 2022 | 2022 | 2022 | 2022 | 2022 | 2022 | 2022 | 2022 | 2021 | 2021 |
|  | FOURTH | FOURTH | THIRD | THIRD | SECOND | SECOND | FIRST | FIRST | FOURTH | FOURTH |
| **<u>Net Income Summary</u>** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Trust, Investment and Other Servicing Fees | $**1042.1** |  | $1078.7 |  | $1143.4 |  | $1168.4 |  | $1111 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Noninterest Income | **(57.6)** |  | 163.1 |  | 166.6 |  | 169.3 |  | 195.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Interest Income | **534.5** |  | 513.0 |  | 458.7 |  | 381.0 |  | 360.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Revenue | **1519.0** |  | 1754.8 |  | 1768.7 |  | 1718.7 |  | 1667.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for Credit Losses | **5.0** |  | 0.5 |  | 4.5 |  | 2.0 |  | (11.5) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Noninterest Expense | **1323.6** |  | 1229.8 |  | 1223.6 |  | 1205.9 |  | 1168.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Income before Income Taxes | **190.4** |  | 524.5 |  | 540.6 |  | 510.8 |  | 509.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for Income Taxes | **34.7** |  | 129.7 |  | 144.4 |  | 121.5 |  | 103.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Income | $**155.7** |  | $394.8 |  | $396.2 |  | $389.3 |  | $406.4 |  |
| **<u>Per Common Share</u>** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Income - Basic | $**0.71** |  | $1.80 |  | $1.86 |  | $1.78 |  | $1.92 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - Diluted | **0.71** |  | 1.80 |  | 1.86 |  | 1.77 |  | 1.91 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash Dividends Declared per Common Share | **0.75** |  | 0.75 |  | 0.70 |  | 0.70 |  | 0.70 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Book Value (EOP) | **49.78** |  | 48.68 |  | 48.87 |  | 50.51 |  | 53.58 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Market Value (EOP) | **88.49** |  | 85.56 |  | 96.48 |  | 116.45 |  | 119.61 |  |
| **<u>Financial Ratios</u>** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on Average Common Equity | **5.9** | **%** | 14.9 | % | 15.7 | % | 14.2 | % | 14.5 | % |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on Average Assets | **0.42** |  | 1.07 |  | 1.03 |  | 0.97 |  | 1.00 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Interest Margin (GAAP) | **1.58** |  | 1.54 |  | 1.31 |  | 1.03 |  | 0.96 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Interest Margin (FTE\*) | **1.63** |  | 1.58 |  | 1.35 |  | 1.05 |  | 0.99 |  |
| **<u>Assets Under Custody / Administration ($ in Billions) - End Of Period</u>** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Asset Servicing | $**12705.5** |  | $11954 |  | $12812.2 |  | $14513 |  | $15183.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Wealth Management | **898.5** |  | 868.0 |  | 921.5 |  | 1031.1 |  | 1065.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Assets Under Custody / Administration | $**13604.0** |  | $12822.0 |  | $13733.7 |  | $15544.1 |  | $16248.8 |  |
| **<u>Assets Under Custody ($ In Billions) - End Of Period</u>** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Asset Servicing | $**9712.3** |  | $9125.5 |  | $9771.2 |  | $10987.5 |  | $11554.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Wealth Management | **892.3** |  | 860.8 |  | 913.0 |  | 1022.9 |  | 1057.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Assets Under Custody | $**10604.6** |  | $9986.3 |  | $10684.2 |  | $12010.4 |  | $12612.3 |  |
| **<u>Assets Under Management ($ In Billions) - End Of Period</u>** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Asset Servicing | $**898.1** |  | $873.7 |  | $950 |  | $1091.6 |  | $1191 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Wealth Management | **351.4** |  | 336.2 |  | 352.8 |  | 396.2 |  | 416.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Assets Under Management | $**1249.5** |  | $1209.9 |  | $1302.8 |  | $1487.8 |  | $1607.1 |  |
| **<u>Asset Quality ($ In Millions) - End Of Period</u>** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual Loans and Leases | $**45.9** |  | $76.4 |  | $89.7 |  | $100.8 |  | $122.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Real Estate Owned (OREO) | **—** |  |  |  | 0.1 |  | 0.2 |  | 3.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Nonaccrual Assets | $**45.9** |  | $76.4 |  | $89.8 |  | $101.0 |  | $125.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual Assets / Loans and Leases and OREO | **0.11** | **%** | 0.17 | % | 0.22 | % | 0.26 | % | 0.31 | % |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross Charge-offs | $**(0.5)** |  | $(5.4) |  | $— |  | $(0.1) |  | $(0.3) |  |
| &nbsp;&nbsp;&nbsp;Gross Recoveries | **0.5** |  | 0.9 |  | 5.5 |  | 3.3 |  | 1.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Recoveries (Charge-offs) | $**—** |  | $(4.5) |  | $5.5 |  | $3.2 |  | $1.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Annualized Net Recoveries (Charge-offs) to Avg Loans and Leases | **—** | **%** | (0.04) | % | 0.05 | % | 0.03 | % | 0.01 | % |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance for Credit Losses Assigned to: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans and Leases | $**144.3** |  | $138.7 |  | $138.2 |  | $136.3 |  | $138.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Undrawn Loan Commitments and Standby Letters of Credit | **38.5** |  | 40.7 |  | 43.5 |  | 37.5 |  | 34.1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Debt Securities and Other Financial Assets | **18.1** |  | 16.5 |  | 18.2 |  | 16.1 |  | 12.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans and Leases Allowance / Nonaccrual Loans and Leases | **3.1** | **x** | 1.8 | x | 1.5 | x | 1.4 | x | 1.1 | x |

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(\*)&nbsp;&nbsp;&nbsp;&nbsp;Net interest margin presented on an FTE basis is a non-generally accepted accounting principle financial measure that facilitates the analysis of asset yields. Please refer to the Reconciliation to Fully Taxable Equivalent section for further detail.

## Exhibit 99.2

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1northerntrust.com \|© 2023 Northern Trustnortherntrust.co \| 2023 orthern Northern Trust Corporation .Fourth Quarter 2022 Quarterly Earnings Review . January 19, 2023 Exhibit 99.2

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2northerntrust.com \|© 2023 Northern Trust 2Q22 End of Period Month Lag1 Quarter Lag2 YoY Seq YoY Seq YoY Seq S&P 500 (19.4)% 7.1% (14.4)% (2.8)% (16.8)% (5.3)% MSCI EAFE Local (9.5)% 8.4% (9.0)% (1.3)% (13.5)% (4.3)% 1 month Libor (Avg) 381 bps 144 bps 3 month Libor (Avg) 434 bps 151 bps EXECUTIVE SUMMARY 1 Month Lag YoY represents the average month-ends of Sept. 2022 - Nov. 2022 vs. Sept. 2021 - Nov. 2021. Month Lag Seq represents the average month-ends of Sept. 2022 - Nov. 2022 vs. Jun. 2022 - Aug. 2022. 2 Quarter Lag YoY represents quarter-end Sept. 2022 vs. Sept. 2021. Quarter Lag Seq represents quarter-end Sept. 2022 vs. Jun. 2022. Key Macroeconomic Factors  Net income of $155.7 million, earnings per diluted common share of $0.71, return on average common equity of 5.9%  Results reflect the inclusion of $265.8 million in pre-tax charges reflecting $199.1 million in net income impacts and $0.94 in earnings per share impacts.  The current quarter included:  $213.0 million pre-tax investment security losses related to the intent to sell certain available-for-sale debt securities  $32.0 million pre-tax severance-related charges  $14.0 million pre-tax occupancy charges  $6.8 million pre-tax pension settlement charge  Results for the quarter included the impact of certain accounting reclassifications implemented at the start of 2022 which impact the year-over-year comparisons. For the current quarter, this resulted in a $14.2 million increase to Trust, Investment and Other Servicing Fees, with:  $5.6 million ($2.9 million in Other Asset Servicing fees and $2.7 million in Wealth Management) related to amounts previously recorded in Other Operating Income in the prior year  $8.6 million related to amounts previously recorded as a reduction in Other Operating Expense in the prior year now reported in Asset Servicing Investment Management fees.

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3northerntrust.com \|© 2023 Northern Trust SUMMARY RESULTS & KEY METRICS $ in millions (except EPS and as noted) % Change Vs. 4Q 2022 4Q 2021 3Q 2022 Revenue (FTE1) $1,534.5 (8)% (13)% Noninterest Expense 1,323.6 13% 8% Provision for Credit Losses 5.0 N/M N/M Net Income $155.7 (62)% (61)% Diluted Earnings per Share $0.71 (63)% (61)% Return on Average Common Equity2 5.9% 14.5% 14.9% Pre-Tax Margin1,2 13.4% 31.0% 30.4% Expense to Trust Fee Ratio2 127% 105% 114% Assets under Custody / Administration3 (in billions) $13,604 (16)% +6% Assets under Custody3 (in billions) $10,605 (16)% +6% Assets under Management3 (in billions) $1,250 (22)% +3% 1 Revenue and pre-tax margin stated on a fully taxable equivalent (FTE) basis are non-GAAP financial measures. A reconciliation to reported revenue and reported pre-tax margin prepared in accordance with U.S. generally accepted accounting principles (GAAP) is included in the Appendix on page 12. 2 Actual numbers for all periods, not % change. 3 Client assets for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. N/M - Not meaningful Results include impact of charges highlighted on page 2

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4northerntrust.com \|© 2023 Northern Trust TOTAL REVENUE $ in millions Total Revenue (FTE1) $1,111 $1,168 $1,143 $1,079 $1,042 $77 $81 $78 $65 $65 $119 $88 $89 $98 $(123) $371 $388 $470 $525 $550 $1,677 $1,725 $1,780 $1,767 $1,535 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 -8% -13% Trust, Investment and Other Servicing Fees FX Trading Income Other Noninterest Income2 Net Interest Income (FTE1)  Trust, Investment & Other Servicing Fees were down 6% year-over-year and down 3% sequentially.  Foreign Exchange Trading Income was down 15% year-over-year and up 1% sequentially.  Other Noninterest Income was a loss of $123.0 million, which included $213.0 million of investment security losses.  Net Interest Income (FTE1) was up 48% year-over-year and up 5% sequentially. Categories may not sum due to rounding. 1 Net interest income and total revenue stated on an FTE basis are non-GAAP financial measures. A reconciliation of these measures to reported results prepared in accordance with U.S. GAAP is included in the Appendix on page 12. 2 Other Noninterest Income includes Security Commissions and Trading Income, Treasury Management Fees, Other Operating Income, and Investment Security Gains (Losses), net. Results include impact of charges highlighted on page 2

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5northerntrust.com \|© 2023 Northern Trust TRUST, INVESTMENT & OTHER SERVICING FEES $ in millions (except as noted) % Change Vs. Trust, Investment & Other Servicing Fees 4Q 2022 4Q 2021 3Q 2022 Custody & Fund Administration $406.3 (11)% – % Investment Management 123.8 +9% (9)% Securities Lending 19.3 +2% (11)% Other 38.6 +9% +1% Total Asset Servicing $588.0 (6)% (3)% Central $162.2 (11)% (5)% East 117.8 (11)% (5)% West 89.5 (9)% (3)% Global Family Office (GFO) 84.6 +16% (3)% Total Wealth Management $454.1 (7)% (5)% Client Assets1 (in billions): Asset Servicing AUC/A $12,706 (16)% +6% Asset Servicing AUC $9,712 (16)% +6% Asset Servicing AUM $898 (25)% +3% Securities Lending Collateral $148 (24)% (9)% Wealth Management AUC/A $899 (16)% +4% Wealth Management AUC $892 (16)% +4% Wealth Management AUM $351 (16)% +5%  Asset Servicing Trust, Investment & Other Servicing Fees were down 6% year-over-year and down 3% sequentially.  Custody and fund administration fees decreased from the prior-year quarter primarily due to unfavorable markets and unfavorable currency translation, partially offset by new business. Custody and fund administration fees were flat sequentially.  Investment management fees increased from the prior-year quarter primarily due to lower money market fund fee waivers, partially offset by asset outflows and unfavorable markets. Investment management fees decreased sequentially primarily due to asset outflows and unfavorable markets.  Other trust, investment and other servicing fees increased from the prior-year quarter primarily due to the accounting reclassification previously discussed.  Wealth Management Trust, Investment & Other Servicing Fees were down 7% year-over-year and down 5% sequentially.  Fees in the regions (Central, East and West) decreased from the prior-year quarter primarily due to unfavorable markets and asset outflows, partially offset by lower money market fund fee waivers. Fees in the regions decreased sequentially primarily due to unfavorable markets and asset outflows.  Fees in GFO increased from the prior-year quarter primarily due to lower money market fund fee waivers and new business, partially offset by unfavorable markets. Fees in GFO decreased sequentially primarily due to asset outflows and unfavorable markets. 1 Client assets for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. Results include impact of charges highlighted on page 2

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6northerntrust.com \|© 2023 Northern Trust NET INTEREST INCOME Average Earning Assets ($ in billions) $148.8 $149.8 $139.9 $132.1 $133.8 0.99% 1.05% 1.35% 1.58% 1.63% 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 NII (FTE1) in millions $550.0 Loans & Leases Securities Deposits w/ Banks Fed Deposits & Other NIM (FTE1)  Net Interest Income (FTE1) was up 48% year-over- year and up 5% sequentially. Net interest margin (FTE1) was 1.63%.  Average Earning Assets were down 10% year-over- year and up 1% sequentially.  Average Total Deposits were down 14% year-over- year and down 2% sequentially.  Net Interest Margin (FTE1) increased 64 basis points from the prior-year quarter and increased 5 basis points sequentially. The increase relative to the prior-year quarter was primarily due to higher average interest rates. The sequential increase was primarily due to higher average interest rates, partially offset by an unfavorable balance sheet mix shift. 1 Net interest income and net interest margin stated on an FTE basis are non-GAAP financial measures. A reconciliation of these measures to reported results prepared in accordance with U.S. GAAP is included in the Appendix on page 12. $525.3$370.6 $387.7 $469.8

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7northerntrust.com \|© 2023 Northern Trust NONINTEREST EXPENSE $ in millions Total Noninterest Expense $618 $668 $666 $663 $688 $224 $213 $213 $221 $233 $196 $194 $204 $212 $229 $52 $51 $51 $51 $66 $79 $80 $90 $82 $108 $1,169 $1,206 $1,224 $1,230 $1,324 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 +13% +8% Compensation & Benefits Outside Services Equipment & Software Occupancy Other  Expenses totaled $1.3 billion in the fourth quarter, up 13% year-over-year and up 8% sequentially.  The year-over-year growth in expenses was primarily driven by increases in compensation, equipment and software related costs, other operating expense, occupancy, and outside services, partially offset by decreases in employee benefits.  The sequential expense increase was driven by increases in compensation, other operating expense, equipment and software, occupancy, and outside services, partially offset by decreases in employee benefits.  Expenses included the following: Severance-related charges of $32.0 million in 4Q22 and $6.1 million in 4Q21. Occupancy charges of $14.0 million in 4Q22. Pension settlement charge of $6.8 million in 4Q22 and $3.4 million in 4Q21 Categories may not sum due to rounding. Results include impact of charges highlighted on page 2

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8northerntrust.com \|© 2023 Northern Trust 1 Revenue and pre-tax margin stated on an FTE basis is a non-GAAP financial measure. A reconciliation of these measures to reported results prepared in accordance with U.S. GAAP is included in the Appendix on page 12. 2 Actual numbers for all periods, not % change. 3 Client assets for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. $ in millions (except EPS and as noted) RESULTS & KEY METRICS: FULL YEAR 2022 % Change Vs. FY 2022 FY 2021 Revenue (FTE1) $6,806.8 +5% Noninterest Expense 4,982.9 +10% Provision for Credit Losses 12.0 N/M Net Income $1,336.0 (14)% Diluted Earnings per Share $6.14 (14)% Return on Equity2 12.7% 13.9% Pre-Tax Margin1,2 26.6% 31.5% Expense to Trust Fee Ratio2 112% 104% Assets under Custody / Administration3 (in billions) $13,604 (16)% Assets under Custody3 (in billions) $10,605 (16)% Global Custody Assets3 (in billions) $6,907 (16)% Assets under Management3 (in billions) $1,250 (22)%  Revenue includes the following items:  FY 2022 includes $213.0 million pre-tax investment securities losses related to the intent to sell certain available-for-sale debt securities.  FY 2021 includes $13.0 million pre-tax gain relating to property sales recorded in Other Operating Income.  FY 2022 Implementation of certain accounting reclassification changes resulting in a $65.6 million increase to Trust, Investment and Other Servicing fees in FY 2022, with $25.6 million relating to amounts previously recorded in Other Operating Income, and $40.0 million related to amounts previously recorded as a reduction in Other Operating Expense.  Noninterest Expenses includes the following, all pre-tax:  Pension settlement charges of $44.1 million in FY 2022, $27.9 million in FY 2021.  Severance-related charges of $32.0 million in FY 2022, $8.5 million in FY 2021.  Occupancy charges of $14.0 million in FY 2022. Results include impact of charges highlighted on page 2

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9northerntrust.com \|© 2023 Northern Trust 1 Net interest income and total revenue on an FTE basis are non-GAAP financial measures. A reconciliation of these measures to reported results prepared in accordance with U.S. GAAP is included in the Appendix on page 12. $ in millions REVENUE AND EXPENSE: ANNUAL TRENDS $3,995 $4,361 $4,433 $290 $293 $289 $372 $428 $153 $1,478 $1,418 $1,933 $6,135 $6,500 $6,807 2020 2021 2022 +6% -4% +15% +1% +9% +5% +36% -64% -1% +2% Trust, Investment and Other Servicing Fees FX Trading Income Other Noninterest Income Net Interest Income (FTE1) Total Revenue (FTE1) Total Noninterest Expense $2,335 $2,442 $2,685 $763 $849 $880 $674 $736 $839 $230 $209 $219 $347 $299 $359 $4,348 $4,536 $4,983 1 2 3 +10% +5% +14% +4% +10% +20%+4% -9% +9% +11% +5% -14% Equipment & Software Outside Services Compensation & Benefits Occupancy Other Results include impact of charges highlighted on page 2

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10northerntrust.com \|© 2023 Northern Trust CAPITAL Northern Trust Corporation Capital Ratios Advanced Approach Common Equity Tier 1 11.5% Tier 1 12.5% Total 14.5% Tier 1 Leverage 7.1% Supplementary Leverage 7.9% Standardized Approach Common Equity Tier 1 10.8% Tier 1 11.8% Total 13.9% Tier 1 Leverage 7.1% Capital Return  Declared $158.8 million in common stock dividends and $4.7 million in preferred stock dividends in 4Q 2022.  Repurchased $0.1 million of common stock in 4Q 2022.  Accumulated other comprehensive income (loss) was ($1.6 billion) as of December 31, 2022, a change of $0.2 billion during the fourth quarter.  Completed the sale of $2.1 billion of non- high-quality liquid assets (HQLA) available- for-sale debt securities in early 2023. As of December 31, 2022, capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission.  Stress Capital Buffer requirement of 2.5%; resulting in minimum Common Equity Tier 1 requirement of 7%.

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11northerntrust.com \|© 2023 Northern Trustnortherntrust.co \| 2023 orthern Appendix

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12northerntrust.com \|© 2023 Northern Trust RECONCILIATION OF NON-GAAP FINANCIAL MEASURES The following table presents a reconciliation of total revenue, net interest income, net interest margin and pre-tax margin prepared in accordance with GAAP to such measures on a fully taxable equivalent (FTE) basis, which are non-GAAP financial measures. Management believes this presentation provides a clearer indication of these financial measures for comparative purposes. 4Q22 3Q22 2Q22 1Q22 4Q21 FY 2022 FY 2021 Reported 1,519.0$1,754.8$1,768.7$1,718.7$1,667.0$6,761.2$6,464.5$ FTE Adj. 15.5$12.3$11.1$6.7$10.0$45.6$35.6$ FTE 1,534.5$1,767.1$1,779.8$1,725.4$1,677.0$6,806.8$6,500.1$4Q22 3Q22 2Q22 1Q22 4Q21 FY 2022 FY 2021 Reported 534.5$513.0$458.7$381.0$360.6$1,887.2$1,382.7$ FTE Adj. 15.5$12.3$11.1$6.7$10.0$45.6$35.6$ FTE 550.0$525.3$469.8$387.7$370.6$1,932.8$1,418.3$ NIM - Reported 1.58% 1.54% 1.31% 1.03% 0.96% NIM - FTE 1.63% 1.58% 1.35% 1.05% 0.99% 4Q22 3Q22 4Q21 FY 2022 FY 2021 Revenue - Reported 1,519.0$1,754.8$1,667.0$6,761.2$6,464.5$ Pre-Tax Income - Reported 190.4$524.5$509.6$1,766.3$2,010.1$ FTE Adj.\* 15.5$12.3$10.0$45.6$35.6$ Revenue - FTE 1,534.5$1,767.1$1,677.0$6,806.8$6,500.1$ Pre-Tax Income - FTE 205.9$536.8$519.6$1,811.9$2,045.7$ Pre-Tax Margin - Reported 12.5% 29.9% 30.6% 26.1% 31.1% Pre-Tax Margin - FTE 13.4% 30.4% 31.0% 26.6% 31.5% \* FTE Adjustment applies to both revenue and pre-tax income Revenue Net Interest Income Pre-Tax Margin

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13northerntrust.com \|© 2023 Northern Trust FORWARD-LOOKING STATEMENTS This presentation may include statements which constitute "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward- looking statements are identified typically by words or phrases such as "believe," "expect," "anticipate," "intend," "estimate," "project," "likely," "plan," "goal," "target," "strategy," and similar expressions or future or conditional verbs such as "may," "will," "should," "would," and "could." Forward-looking statements include statements, other than those related to historical facts, that relate to Northern Trust's financial results and outlook, capital adequacy, dividend policy and share repurchase program, accounting estimates and assumptions, credit quality including allowance levels, future pension plan contributions, effective tax rate, anticipated expense levels, contingent liabilities, acquisitions, strategies, market and industry trends, and expectations regarding the impact of accounting pronouncements and legislation. These statements are based on Northern Trust's current beliefs and expectations of future events or future results, and involve risks and uncertainties that are difficult to predict and subject to change. These statements are also based on assumptions about many important factors, including the factors discussed in Northern Trust's most recent annual report on Form 10-K and other filings with the U.S. Securities and Exchange Commission, all of which are available on Northern Trust's website. We caution you not to place undue reliance on any forward-looking statement as actual results may differ materially from those expressed or implied by forward-looking statements. Northern Trust assumes no obligation to update its forward-looking statements. This presentation should be reviewed together with Northern Trust Corporation's Fourth Quarter 2022 earnings press release, which is available at: www.northerntrust.com/about-us/investor-relations

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## Exhibit 99.3

**Exhibit 99.3**

![reportsa29.jpg](reportsa29.jpg)

**Financial Trends** 

Fourth Quarter 2022

January 19, 2023

*Please direct inquiries to:* 

---

| |
|:---|
| ***Jennifer Childe*** |
| *Senior Vice President, Director of Investor Relations* |
| *(312) 444-3290 or jennifer.childe@ntrs.com* |
| ***Briar Rose*** |
| *Vice President, Investor Relations* |
| *(312) 557-5297 or briar.rose@ntrs.com* |

---

The historical financial results and trends reflected in this report are not indicative of future financial results and trends for Northern Trust Corporation. This report should be read in conjunction with the Corporation's Fourth Quarter 2022 earnings press release and periodic reports to the Securities and Exchange Commission, all of which contain additional information about factors that could affect the Corporation's future financial results and trends. The Corporation assumes no obligation to update this report.

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| | | |
|:---|:---|:---|
| **TABLE OF CONTENTS** | | |
|  | 1 | 7 |
|  | Financial Summary | Balance Sheet Mix Trends |
|  | 2 | 8 |
|  | Income Statement | Interest Rate Trends |
|  | 3 | 9 |
|  | Net Income Trends | Asset Quality |
|  | 4 | 10 |
|  | Fee Detail | Trust Assets |
|  | 5 | 11 |
|  | Balance Sheet (EOP) | Reconciliation to FTE |
|  | 6 | 12 |
|  | Balance Sheet Trends | Reconciliation to FTE (Ratios) |

---

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** |
| **FINANCIAL SUMMARY** | **FINANCIAL SUMMARY** | **FINANCIAL SUMMARY** | **FINANCIAL SUMMARY** | **FINANCIAL SUMMARY** | **FINANCIAL SUMMARY** | **FINANCIAL SUMMARY** | **FINANCIAL SUMMARY** | **FINANCIAL SUMMARY** | **FINANCIAL SUMMARY** | **FINANCIAL SUMMARY** | **FINANCIAL SUMMARY** | **FINANCIAL SUMMARY** | **FINANCIAL SUMMARY** | **FINANCIAL SUMMARY** |
| **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** |
|  |  |  |  |  |  |  | 2021 | 2021 | 2021 | 2021 | 2022 | 2022 | 2022 | 2022 |
|  | 2018 | 2019 | 2020 | 2021 | 2022 |  | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |
|  |  |  |  |  |  | <u>Profitability:</u> |  |  |  |  |  |  |  |  |
|  | $1556.4 | $1492.2 | $1209.3 | $1545.3 | $1336 | Net Income | $375.1 | $368.1 | $395.7 | $406.4 | $389.3 | $396.2 | $394.8 | $155.7 |
|  | 1489.9 | 1428.9 | 1141.0 | 1490.6 | 1282.4 | Earnings Allocated to Common and Potential | 355.2 | 360.2 | 376.5 | 398.7 | 370.0 | 388.3 | 375.4 | 148.7 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;Common Shares |  |  |  |  |  |  |  |  |
|  | $**6.68** | $**6.66** | $**5.48** | $**7.16** | $**6.16** | **Basic Earnings Per Share** | $**1.71** | $**1.73** | $**1.81** | $**1.92** | $**1.78** | $**1.86** | $**1.80** | $**0.71** |
|  | **6.64** | **6.63** | **5.46** | **7.14** | **6.14** | **Diluted Earnings Per Share** | **1.70** | **1.72** | **1.80** | **1.91** | **1.77** | **1.86** | **1.80** | **0.71** |
|  | **35%** | **— %** | **(18** **%)** | **31%** | **(14** **%)** | **Diluted EPS Growth over Previous Year** | **10%** | **18%** | **36%** | **70%** | **4%** | **8%** | **— %** | **(63** **%)** |
|  | 16.2% | 14.9% | 11.2% | 13.9% | 12.7% | Return on Average Common Equity | 13.7% | 13.7% | 13.7% | 14.5% | 14.2% | 15.7% | 14.9% | 5.9% |
|  | 1.27% | 1.27% | 0.88% | 0.99% | 0.88% | Return on Average Assets | 0.99% | 0.96% | 1.00% | 1.00% | 0.97% | 1.03% | 1.07% | 0.42% |
|  | 33.3% | 32.4% | 27.1% | 31.5% | 26.6% | Profit Margin (pre-tax) (FTE)<sup>(1)</sup> | 31.6% | 31.1% | 32.2% | 31.0% | 30.0% | 31.0% | 30.4% | 13.4% |
|  | 25.9% | 24.4% | 19.7% | 23.8% | 19.6% | Profit Margin (after-tax) (FTE)<sup>(1)</sup> | 23.6% | 23.2% | 24.1% | 24.2% | 22.6% | 22.3% | 22.3% | 10.1% |
|  | 72.3% | 72.0% | 75.9% | 78.2% | 71.6% | Noninterest Income to Total Revenue (FTE)<sup>(1)</sup> | 78.2% | 78.4% | 78.3% | 77.9% | 77.5% | 73.6% | 70.3% | 64.2% |
|  | 62.5% | 63.1% | 65.1% | 67.1% | 65.1% | Trust Fees to Total Revenue (FTE)<sup>(1)</sup> | 66.9% | 67.7% | 67.6% | 66.2% | 67.7% | 64.2% | 61.0% | 67.9% |
|  | 20.5% | 23.2% | 25.7% | 23.1% | 24.4% | Effective Tax Rate (US GAAP) | 24.4% | 24.3% | 23.6% | 20.2% | 23.8% | 26.7% | 24.7% | 18.2% |
|  | 22.1% | 24.5% | 27.2% | 24.5% | 26.3% | Effective Tax Rate (FTE)<sup>(1)</sup> | 25.4% | 25.6% | 25.2% | 21.8% | 24.8% | 28.2% | 26.4% | 24.4% |
|  |  |  |  |  |  | <u>Capital Ratios:</u><sup>(2)</sup> |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  | Standardized Approach |  |  |  |  |  |  |  |  |
|  | 12.9% | 12.7% | 12.8% | 11.9% | 10.8% | &nbsp;&nbsp;&nbsp;Common Equity Tier 1 Capital | 12.0% | 12.0% | 11.9% | 11.9% | 11.4% | 10.5% | 10.1% | 10.8% |
|  | 14.1% | 14.5% | 13.9% | 12.9% | 11.8% | &nbsp;&nbsp;&nbsp;Tier 1 Capital | 13.0% | 13.1% | 12.9% | 12.9% | 12.4% | 11.5% | 11.1% | 11.8% |
|  | 16.1% | 16.3% | 15.6% | 14.1% | 13.9% | &nbsp;&nbsp;&nbsp;Total Capital | 14.5% | 14.5% | 14.3% | 14.1% | 13.6% | 12.6% | 12.2% | 13.9% |
|  | 8.0% | 8.7% | 7.6% | 6.9% | 7.1% | &nbsp;&nbsp;&nbsp;Tier 1 Leverage | 6.9% | 7.1% | 7.1% | 6.9% | 6.5% | 6.7% | 7.0% | 7.1% |
|  |  |  |  |  |  | Advanced Approach |  |  |  |  |  |  |  |  |
|  | 13.7% | 13.2% | 13.4% | 13.2% | 11.5% | &nbsp;&nbsp;&nbsp;Common Equity Tier 1 Capital | 12.8% | 13.1% | 13.0% | 13.2% | 12.1% | 11.6% | 11.4% | 11.5% |
|  | 15.0% | 15.0% | 14.5% | 14.3% | 12.5% | &nbsp;&nbsp;&nbsp;Tier 1 Capital | 14.0% | 14.2% | 14.1% | 14.3% | 13.2% | 12.7% | 12.5% | 12.5% |
|  | 16.9% | 16.8% | 15.9% | 15.3% | 14.5% | &nbsp;&nbsp;&nbsp;Total Capital | 15.2% | 15.5% | 15.4% | 15.3% | 14.2% | 13.7% | 13.5% | 14.5% |
|  | 8.0% | 8.7% | 7.6% | 6.9% | 7.1% | &nbsp;&nbsp;&nbsp;Tier 1 Leverage | 6.9% | 7.1% | 7.1% | 6.9% | 6.5% | 6.7% | 7.0% | 7.1% |
|  | 7.0% | 7.6% | 8.6% | 8.2% | 7.9% | &nbsp;&nbsp;&nbsp;Supplementary Leverage <sup>(3) (4)</sup> | 8.1% | 8.2% | 8.4% | 8.2% | 7.9% | 7.6% | 7.7% | 7.9% |
|  |  |  |  |  |  | <u>Per Share Information / Ratios:</u> |  |  |  |  |  |  |  |  |
|  | $1.94 | $2.60 | $2.80 | $2.80 | $2.90 | Cash Dividends Declared Per Common Share | $0.70 | $0.70 | $0.70 | $0.70 | $0.70 | $0.70 | $0.75 | $0.75 |
|  | 29% | 39% | 51% | 39% | 47% | Dividend Payout Ratio | 41% | 41% | 39% | 37% | 40% | 38% | 42% | 106% |
|  | $83.59 | $106.24 | $93.14 | $119.61 | $88.49 | Market Value Per Share (End of Period) | $105.11 | $115.62 | $107.81 | $119.61 | $116.45 | $96.48 | $85.56 | $88.49 |
|  | 12.6 | 16.0 | 17.1 | 16.8 | 14.4 | Stock Price Multiple of Earnings | 18.8 | 19.7 | 17.0 | 16.8 | 16.2 | 13.1 | 11.7 | 14.4 |
|  |  |  |  |  |  | (based on trailing 4 quarters of diluted EPS) |  |  |  |  |  |  |  |  |
|  | $43.95 | $46.82 | $51.87 | $53.58 | $49.78 | Book Value Per Common Share (End of Period) | $50.80 | $52.49 | $53.04 | $53.58 | $50.51 | $48.87 | $48.68 | $49.78 |
| <sup>(1)</sup> | Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. | Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. | Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. | Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. | Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. | Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. | Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. | Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. | Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. | Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. | Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. | Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. | Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. | Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent - Ratios on page 12 for further detail. |
| <sup>(2)</sup> | Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. | Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. | Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. | Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. | Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. | Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. | Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. | Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. | Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. | Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. | Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. | Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. | Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. | Capital ratios for the current quarter are considered preliminary until the Form 10-K is filed with the Securities and Exchange Commission. |
| <sup>(3)</sup> | Effective January 1, 2018, the Corporation and Bank are subject to a minimum supplementary leverage ratio of 3 percent. | Effective January 1, 2018, the Corporation and Bank are subject to a minimum supplementary leverage ratio of 3 percent. | Effective January 1, 2018, the Corporation and Bank are subject to a minimum supplementary leverage ratio of 3 percent. | Effective January 1, 2018, the Corporation and Bank are subject to a minimum supplementary leverage ratio of 3 percent. | Effective January 1, 2018, the Corporation and Bank are subject to a minimum supplementary leverage ratio of 3 percent. | Effective January 1, 2018, the Corporation and Bank are subject to a minimum supplementary leverage ratio of 3 percent. | Effective January 1, 2018, the Corporation and Bank are subject to a minimum supplementary leverage ratio of 3 percent. | Effective January 1, 2018, the Corporation and Bank are subject to a minimum supplementary leverage ratio of 3 percent. | Effective January 1, 2018, the Corporation and Bank are subject to a minimum supplementary leverage ratio of 3 percent. | Effective January 1, 2018, the Corporation and Bank are subject to a minimum supplementary leverage ratio of 3 percent. | Effective January 1, 2018, the Corporation and Bank are subject to a minimum supplementary leverage ratio of 3 percent. | Effective January 1, 2018, the Corporation and Bank are subject to a minimum supplementary leverage ratio of 3 percent. | Effective January 1, 2018, the Corporation and Bank are subject to a minimum supplementary leverage ratio of 3 percent. | Effective January 1, 2018, the Corporation and Bank are subject to a minimum supplementary leverage ratio of 3 percent. |
| <sup>(4)</sup> | From April 1, 2020, through April 1, 2021, the Federal Reserve issued temporary Supplementary Leverage Ratio (SLR) relief that required Northern Trust to exclude U.S. Treasury balances from the SLR. Please see the Northern Trust Corporation Pillar 3 disclosures for further SLR discussion. | From April 1, 2020, through April 1, 2021, the Federal Reserve issued temporary Supplementary Leverage Ratio (SLR) relief that required Northern Trust to exclude U.S. Treasury balances from the SLR. Please see the Northern Trust Corporation Pillar 3 disclosures for further SLR discussion. | From April 1, 2020, through April 1, 2021, the Federal Reserve issued temporary Supplementary Leverage Ratio (SLR) relief that required Northern Trust to exclude U.S. Treasury balances from the SLR. Please see the Northern Trust Corporation Pillar 3 disclosures for further SLR discussion. | From April 1, 2020, through April 1, 2021, the Federal Reserve issued temporary Supplementary Leverage Ratio (SLR) relief that required Northern Trust to exclude U.S. Treasury balances from the SLR. Please see the Northern Trust Corporation Pillar 3 disclosures for further SLR discussion. | From April 1, 2020, through April 1, 2021, the Federal Reserve issued temporary Supplementary Leverage Ratio (SLR) relief that required Northern Trust to exclude U.S. Treasury balances from the SLR. Please see the Northern Trust Corporation Pillar 3 disclosures for further SLR discussion. | From April 1, 2020, through April 1, 2021, the Federal Reserve issued temporary Supplementary Leverage Ratio (SLR) relief that required Northern Trust to exclude U.S. Treasury balances from the SLR. Please see the Northern Trust Corporation Pillar 3 disclosures for further SLR discussion. | From April 1, 2020, through April 1, 2021, the Federal Reserve issued temporary Supplementary Leverage Ratio (SLR) relief that required Northern Trust to exclude U.S. Treasury balances from the SLR. Please see the Northern Trust Corporation Pillar 3 disclosures for further SLR discussion. | From April 1, 2020, through April 1, 2021, the Federal Reserve issued temporary Supplementary Leverage Ratio (SLR) relief that required Northern Trust to exclude U.S. Treasury balances from the SLR. Please see the Northern Trust Corporation Pillar 3 disclosures for further SLR discussion. | From April 1, 2020, through April 1, 2021, the Federal Reserve issued temporary Supplementary Leverage Ratio (SLR) relief that required Northern Trust to exclude U.S. Treasury balances from the SLR. Please see the Northern Trust Corporation Pillar 3 disclosures for further SLR discussion. | From April 1, 2020, through April 1, 2021, the Federal Reserve issued temporary Supplementary Leverage Ratio (SLR) relief that required Northern Trust to exclude U.S. Treasury balances from the SLR. Please see the Northern Trust Corporation Pillar 3 disclosures for further SLR discussion. | From April 1, 2020, through April 1, 2021, the Federal Reserve issued temporary Supplementary Leverage Ratio (SLR) relief that required Northern Trust to exclude U.S. Treasury balances from the SLR. Please see the Northern Trust Corporation Pillar 3 disclosures for further SLR discussion. | From April 1, 2020, through April 1, 2021, the Federal Reserve issued temporary Supplementary Leverage Ratio (SLR) relief that required Northern Trust to exclude U.S. Treasury balances from the SLR. Please see the Northern Trust Corporation Pillar 3 disclosures for further SLR discussion. | From April 1, 2020, through April 1, 2021, the Federal Reserve issued temporary Supplementary Leverage Ratio (SLR) relief that required Northern Trust to exclude U.S. Treasury balances from the SLR. Please see the Northern Trust Corporation Pillar 3 disclosures for further SLR discussion. | From April 1, 2020, through April 1, 2021, the Federal Reserve issued temporary Supplementary Leverage Ratio (SLR) relief that required Northern Trust to exclude U.S. Treasury balances from the SLR. Please see the Northern Trust Corporation Pillar 3 disclosures for further SLR discussion. |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** |
| **INCOME STATEMENT** | **INCOME STATEMENT** | **INCOME STATEMENT** | **INCOME STATEMENT** | **INCOME STATEMENT** | **INCOME STATEMENT** | **INCOME STATEMENT** |
| **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** |
| TWELVE MONTHS | TWELVE MONTHS | CHANGE |  | FOURTH QUARTER | FOURTH QUARTER | CHANGE |
| 2022 | 2021 | $% |  | 2022 | 2021 | $% |
| $2496.3 | $2487.3 | —% | Asset Servicing Trust, Investment and Other Servicing Fees | $588 | $625.1 | (6)% |
| 1936.3 | 1873.8 | 3% | WM Trust, Investment and Other Servicing Fees | 454.1 | 485.9 | (7)% |
| 4432.6 | 4361.1 | 2% | *&nbsp;&nbsp;&nbsp;&nbsp; Total Fees* | 1042.1 | 1111.0 | (6)% |
| 288.6 | 292.6 | (1)% | Foreign Exchange Trading Income | 65.4 | 76.9 | (15)% |
| 39.3 | 44.3 | (11)% | Treasury Management Fees | 8.3 | 10.6 | (21)% |
| 136.2 | 140.2 | (3)% | Security Commissions and Trading Income | 35.1 | 35.9 | (2)% |
| 191.3 | 243.9 | (22)% | Other Operating Income | 47.3 | 72.3 | (35)% |
| (214.0) | (0.3) | N/M | Investment Security Gains (Losses), net | (213.7) | (0.3) | N/M |
| 4874.0 | 5081.8 | (4)% | *&nbsp;&nbsp;&nbsp;&nbsp; Total Noninterest Income* | 984.5 | 1306.4 | (25)% |
| 2923.3 | 1442.1 | 103% | Interest Income (FTE\*) | 1185.6 | 372.2 | N/M |
| 990.5 | 23.8 | N/M | Interest Expense | 635.6 | 1.6 | N/M |
| 1932.8 | 1418.3 | 36% | Net Interest Income (FTE\*) | 550.0 | 370.6 | 48% |
| 6806.8 | 6500.1 | 5% | *&nbsp;&nbsp;&nbsp;&nbsp; Total Revenue (FTE\*)* | 1534.5 | 1677.0 | (8)% |
| 12.0 | (81.5) | N/M | Provision for Credit Losses | 5.0 | (11.5) | N/M |
| 2248.0 | 2011.0 | 12% | Compensation | 584.3 | 510.2 | 15% |
| 437.4 | 431.4 | 1% | Employee Benefits | 103.6 | 107.9 | (4)% |
| 880.3 | 849.4 | 4% | Outside Services | 232.9 | 224.2 | 4% |
| 838.8 | 736.3 | 14% | Equipment and Software | 229.4 | 196.1 | 17% |
| 219.1 | 208.7 | 5% | Occupancy | 65.7 | 51.8 | 27% |
| 359.3 | 299.1 | 20% | Other Operating Expense | 107.7 | 78.7 | 37% |
| 4982.9 | 4535.9 | 10% | *&nbsp;&nbsp;&nbsp;&nbsp; Total Noninterest Expense* | 1323.6 | 1168.9 | 13% |
| 1811.9 | 2045.7 | (11)% | *&nbsp;&nbsp;&nbsp;&nbsp; Income before Income Taxes (FTE\*)* | 205.9 | 519.6 | (60)% |
| 430.3 | 464.8 | (7)% | Provision for Income Taxes | 34.7 | 103.2 | (66)% |
| 45.6 | 35.6 | 28% | Taxable Equivalent Adjustment | 15.5 | 10.0 | 55% |
| 475.9 | 500.4 | (5)% | *&nbsp;&nbsp;&nbsp;&nbsp; Total Taxes (FTE\*)* | 50.2 | 113.2 | (56)% |
| $**1336.0** | $**1545.3** | (14)% | ***&nbsp;&nbsp;&nbsp;&nbsp; Net Income*** | $**155.7** | $**406.4** | (62)% |
| $41.8 | $41.8 | —% | Dividends on Preferred Stock | $4.7 | $4.7 | —% |
| 11.8 | 12.9 | (9)% | Earnings Allocated to Participating Securities | 2.3 | 3.0 | (26)% |
| 1282.4 | 1490.6 | (14)% | Earnings Allocated to Common and Potential Common Shares | 148.7 | 398.7 | (63)% |
| $6.16 | $7.16 | (14)% | Earnings Per Share - Basic | $0.71 | $1.92 | (63)% |
| $6.14 | $7.14 | (14)% | Earnings Per Share - Diluted | $0.71 | $1.91 | (63)% |
| 208309 | 208076 |  | Average Basic Shares (000s) | 208423 | 207708 |  |
| 208867 | 208899 |  | Average Diluted Shares (000s) | 208894 | 208593 |  |
| 208428 | 207762 |  | End of Period Shares Outstanding (000s) | 208428 | 207762 |  |
| N/M - Not meaningful | N/M - Not meaningful | N/M - Not meaningful | N/M - Not meaningful | N/M - Not meaningful | N/M - Not meaningful | N/M - Not meaningful |
| \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. |

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** |
| **NET INCOME TRENDS** | **NET INCOME TRENDS** | **NET INCOME TRENDS** | **NET INCOME TRENDS** | **NET INCOME TRENDS** | **NET INCOME TRENDS** | **NET INCOME TRENDS** | **NET INCOME TRENDS** | **NET INCOME TRENDS** | **NET INCOME TRENDS** | **NET INCOME TRENDS** | **NET INCOME TRENDS** | **NET INCOME TRENDS** | **NET INCOME TRENDS** |
| **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** | **($ in Millions except per share information)** |
|  |  |  |  |  |  | 2021 | 2021 | 2021 | 2021 | 2022 | 2022 | 2022 | 2022 |
| 2018 | 2019 | 2020 | 2021 | 2022 |  | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |
| 2173.1 | 2211.5 | 2321.6 | 2487.3 | 2496.3 | Asset Servicing Trust, Investment and Other Servicing Fees | 620.5 | 611.5 | 630.2 | 625.1 | 662.4 | 642.7 | 603.2 | 588.0 |
| 1580.6 | 1640.6 | 1673.4 | 1873.8 | 1936.3 | WM Trust, Investment and Other Servicing Fees | 443.2 | 463.9 | 480.8 | 485.9 | 506.0 | 500.7 | 475.5 | 454.1 |
| 3753.7 | 3852.1 | 3995.0 | 4361.1 | 4432.6 | *&nbsp;&nbsp;&nbsp;&nbsp; Total Fees* | 1063.7 | 1075.4 | 1111.0 | 1111.0 | 1168.4 | 1143.4 | 1078.7 | 1042.1 |
| 307.2 | 250.9 | 290.4 | 292.6 | 288.6 | Foreign Exchange Trading Income | 78.7 | 70.6 | 66.4 | 76.9 | 80.9 | 77.6 | 64.7 | 65.4 |
| 51.8 | 44.5 | 45.4 | 44.3 | 39.3 | Treasury Management Fees | 11.2 | 11.3 | 11.2 | 10.6 | 11.1 | 10.6 | 9.3 | 8.3 |
| 98.3 | 103.6 | 133.2 | 140.2 | 136.2 | Security Commissions and Trading Income | 34.8 | 33.0 | 36.5 | 35.9 | 36.2 | 32.8 | 32.1 | 35.1 |
| 127.5 | 145.5 | 194.0 | 243.9 | 191.3 | Other Operating Income | 54.9 | 54.4 | 62.3 | 72.3 | 41.1 | 45.6 | 57.3 | 47.3 |
| (1.0) | (1.4) | (0.4) | (0.3) | (214.0) | Investment Security Gains (Losses), net |  |  |  | (0.3) |  |  | (0.3) | (213.7) |
| 4337.5 | 4395.2 | 4657.6 | 5081.8 | 4874.0 | *&nbsp;&nbsp;&nbsp;&nbsp; Total Noninterest Income* | 1243.3 | 1244.7 | 1287.4 | 1306.4 | 1337.7 | 1310.0 | 1241.8 | 984.5 |
| 1663.9 | 1710.7 | 1477.6 | 1418.3 | 1932.8 | Net Interest Income (FTE\*) | 346.7 | 343.9 | 357.1 | 370.6 | 387.7 | 469.8 | 525.3 | 550.0 |
| 6001.4 | 6105.9 | 6135.2 | 6500.1 | 6806.8 | *&nbsp;&nbsp;&nbsp;&nbsp; Total Revenue (FTE\*)* | 1590.0 | 1588.6 | 1644.5 | 1677.0 | 1725.4 | 1779.8 | 1767.1 | 1534.5 |
| (14.5) | (14.5) | 125.0 | (81.5) | 12.0 | Provision for Credit Losses | (30.0) | (27.0) | (13.0) | (11.5) | 2.0 | 4.5 | 0.5 | 5.0 |
| 1806.9 | 1859.0 | 1947.1 | 2011.0 | 2248.0 | Compensation | 518.5 | 486.3 | 496.0 | 510.2 | 563.9 | 546.5 | 553.3 | 584.3 |
| 356.7 | 355.2 | 387.7 | 431.4 | 437.4 | Employee Benefits | 103.4 | 118.4 | 101.7 | 107.9 | 104.3 | 119.6 | 109.9 | 103.6 |
| 739.4 | 774.5 | 763.1 | 849.4 | 880.3 | Outside Services | 196.4 | 218.1 | 210.7 | 224.2 | 213.4 | 213.1 | 220.9 | 232.9 |
| 582.2 | 612.1 | 673.5 | 736.3 | 838.8 | Equipment and Software | 176.7 | 178.3 | 185.2 | 196.1 | 193.5 | 203.5 | 212.4 | 229.4 |
| 201.1 | 212.9 | 230.1 | 208.7 | 219.1 | Occupancy | 50.8 | 52.2 | 53.9 | 51.8 | 51.1 | 51.0 | 51.3 | 65.7 |
| 330.6 | 329.8 | 346.7 | 299.1 | 359.3 | Other Operating Expense | 71.7 | 67.5 | 81.2 | 78.7 | 79.7 | 89.9 | 82.0 | 107.7 |
| 4016.9 | 4143.5 | 4348.2 | 4535.9 | 4982.9 | *&nbsp;&nbsp;&nbsp;&nbsp; Total Noninterest Expense* | 1117.5 | 1120.8 | 1128.7 | 1168.9 | 1205.9 | 1223.6 | 1229.8 | 1323.6 |
| 1999.0 | 1976.9 | 1662.0 | 2045.7 | 1811.9 | *&nbsp;&nbsp;&nbsp;&nbsp; Income before Income Taxes (FTE\*)* | 502.5 | 494.8 | 528.8 | 519.6 | 517.5 | 551.7 | 536.8 | 205.9 |
| 401.4 | 451.9 | 418.3 | 464.8 | 430.3 | Provision for Income Taxes | 120.8 | 118.4 | 122.4 | 103.2 | 121.5 | 144.4 | 129.7 | 34.7 |
| 41.2 | 32.8 | 34.4 | 35.6 | 45.6 | Taxable Equivalent Adjustment | 6.6 | 8.3 | 10.7 | 10.0 | 6.7 | 11.1 | 12.3 | 15.5 |
| 442.6 | 484.7 | 452.7 | 500.4 | 475.9 | *&nbsp;&nbsp;&nbsp;&nbsp; Total Taxes (FTE\*)* | 127.4 | 126.7 | 133.1 | 113.2 | 128.2 | 155.5 | 142.0 | 50.2 |
| $**1556.4** | $**1492.2** | $**1209.3** | $**1545.3** | $**1336.0** | ***&nbsp;&nbsp;&nbsp;&nbsp; Net Income*** | $**375.1** | $**368.1** | $**395.7** | $**406.4** | $**389.3** | $**396.2** | **394.8** | $**155.7** |
| $6.68 | $6.66 | $5.48 | $7.16 | $6.16 | Earnings Per Share - Basic | $1.71 | $1.73 | $1.81 | $1.92 | $1.78 | $1.86 | $1.80 | $0.71 |
| 6.64 | 6.63 | 5.46 | 7.14 | 6.14 | Earnings Per Share - Diluted | 1.70 | 1.72 | 1.80 | 1.91 | 1.77 | 1.86 | 1.80 | 0.71 |
| 224488 | 215601 | 209008 | 208899 | 208867 | Average Diluted Shares (000s) | 208946 | 209138 | 208923 | 208593 | 208809 | 208878 | 208889 | 208894 |
| $46.4 | $46.4 | $56.2 | $41.8 | $41.8 | Preferred Dividends\*\* | $16.2 | $4.7 | $16.2 | $4.7 | $16.2 | $4.7 | $16.2 | $4.7 |
| \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. | \* Fully taxable equivalent (FTE). Presentation on an FTE basis is a non-generally accepted accounting principle financial measure. Please refer to the Reconciliation to Fully Taxable Equivalent on page 11 for further detail. |
| \*\* Dividends on Preferred Stock in 2020 includes $11.5 million related to the difference between the redemption amount of the Corporation's Series C Non-Cumulative Perpetual Preferred Stock, which was redeemed in the first quarter of 2020, and its carrying value. | \*\* Dividends on Preferred Stock in 2020 includes $11.5 million related to the difference between the redemption amount of the Corporation's Series C Non-Cumulative Perpetual Preferred Stock, which was redeemed in the first quarter of 2020, and its carrying value. | \*\* Dividends on Preferred Stock in 2020 includes $11.5 million related to the difference between the redemption amount of the Corporation's Series C Non-Cumulative Perpetual Preferred Stock, which was redeemed in the first quarter of 2020, and its carrying value. | \*\* Dividends on Preferred Stock in 2020 includes $11.5 million related to the difference between the redemption amount of the Corporation's Series C Non-Cumulative Perpetual Preferred Stock, which was redeemed in the first quarter of 2020, and its carrying value. | \*\* Dividends on Preferred Stock in 2020 includes $11.5 million related to the difference between the redemption amount of the Corporation's Series C Non-Cumulative Perpetual Preferred Stock, which was redeemed in the first quarter of 2020, and its carrying value. | \*\* Dividends on Preferred Stock in 2020 includes $11.5 million related to the difference between the redemption amount of the Corporation's Series C Non-Cumulative Perpetual Preferred Stock, which was redeemed in the first quarter of 2020, and its carrying value. | \*\* Dividends on Preferred Stock in 2020 includes $11.5 million related to the difference between the redemption amount of the Corporation's Series C Non-Cumulative Perpetual Preferred Stock, which was redeemed in the first quarter of 2020, and its carrying value. | \*\* Dividends on Preferred Stock in 2020 includes $11.5 million related to the difference between the redemption amount of the Corporation's Series C Non-Cumulative Perpetual Preferred Stock, which was redeemed in the first quarter of 2020, and its carrying value. | \*\* Dividends on Preferred Stock in 2020 includes $11.5 million related to the difference between the redemption amount of the Corporation's Series C Non-Cumulative Perpetual Preferred Stock, which was redeemed in the first quarter of 2020, and its carrying value. | \*\* Dividends on Preferred Stock in 2020 includes $11.5 million related to the difference between the redemption amount of the Corporation's Series C Non-Cumulative Perpetual Preferred Stock, which was redeemed in the first quarter of 2020, and its carrying value. | \*\* Dividends on Preferred Stock in 2020 includes $11.5 million related to the difference between the redemption amount of the Corporation's Series C Non-Cumulative Perpetual Preferred Stock, which was redeemed in the first quarter of 2020, and its carrying value. | \*\* Dividends on Preferred Stock in 2020 includes $11.5 million related to the difference between the redemption amount of the Corporation's Series C Non-Cumulative Perpetual Preferred Stock, which was redeemed in the first quarter of 2020, and its carrying value. | \*\* Dividends on Preferred Stock in 2020 includes $11.5 million related to the difference between the redemption amount of the Corporation's Series C Non-Cumulative Perpetual Preferred Stock, which was redeemed in the first quarter of 2020, and its carrying value. | \*\* Dividends on Preferred Stock in 2020 includes $11.5 million related to the difference between the redemption amount of the Corporation's Series C Non-Cumulative Perpetual Preferred Stock, which was redeemed in the first quarter of 2020, and its carrying value. |

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** |
| **TRUST, INVESTMENT AND OTHER SERVICING FEES DETAIL** | **TRUST, INVESTMENT AND OTHER SERVICING FEES DETAIL** | **TRUST, INVESTMENT AND OTHER SERVICING FEES DETAIL** | **TRUST, INVESTMENT AND OTHER SERVICING FEES DETAIL** | **TRUST, INVESTMENT AND OTHER SERVICING FEES DETAIL** | **TRUST, INVESTMENT AND OTHER SERVICING FEES DETAIL** | **TRUST, INVESTMENT AND OTHER SERVICING FEES DETAIL** | **TRUST, INVESTMENT AND OTHER SERVICING FEES DETAIL** | **TRUST, INVESTMENT AND OTHER SERVICING FEES DETAIL** | **TRUST, INVESTMENT AND OTHER SERVICING FEES DETAIL** | **TRUST, INVESTMENT AND OTHER SERVICING FEES DETAIL** | **TRUST, INVESTMENT AND OTHER SERVICING FEES DETAIL** | **TRUST, INVESTMENT AND OTHER SERVICING FEES DETAIL** | **TRUST, INVESTMENT AND OTHER SERVICING FEES DETAIL** |
| **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** |
|  |  |  |  |  |  | 2021 | 2021 | 2021 | 2021 | 2022 | 2022 | 2022 | 2022 |
| 2018 | 2019 | 2020 | 2021 | 2022 |  | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |
|  |  |  |  |  | **<u>Asset Servicing</u>** |  |  |  |  |  |  |  |  |
| $1501.1 | $1549.3 | $1586.1 | $1818.8 | $1700.1 | Custody & Fund Administration | $446.0 | $454.9 | $460.2 | $457.7 | $452.7 | $433.8 | $407.3 | $406.3 |
| 436.8 | 445.7 | 511.1 | 443.5 | 555.1 | Investment Management | 115.9 | 100.7 | 113.6 | 113.3 | 146.9 | 148.4 | 136.0 | 123.8 |
| 102.0 | 87.2 | 88.0 | 76.7 | 81.4 | Securities Lending | 18.2 | 19.5 | 20.2 | 18.8 | 18.8 | 21.6 | 21.7 | 19.3 |
| 133.2 | 129.3 | 136.4 | 148.3 | 159.7 | Other | 40.4 | 36.4 | 36.2 | 35.3 | 44.0 | 38.9 | 38.2 | 38.6 |
| $**2173.1** | $**2211.5** | $**2321.6** | $**2487.3** | $**2496.3** | ***Total Asset Servicing Trust, Investment and Other Servicing Fees*** | $**620.5** | $**611.5** | $**630.2** | $**625.1** | $**662.4** | $**642.7** | $**603.2** | $**588.0** |
|  |  |  |  |  | **<u>Wealth Management</u>** |  |  |  |  |  |  |  |  |
| $607.8 | $619.3 | $607.3 | $698.7 | $692.6 | Central | $164.2 | $174.3 | $178.8 | $181.4 | $181.7 | $177.4 | $171.3 | $162.2 |
| 401.7 | 422.2 | 442.1 | 509.3 | 504.0 | East | 119.0 | 127.2 | 130.2 | 132.9 | 134.0 | 128.1 | 124.1 | 117.8 |
| 320.0 | 330.9 | 337.7 | 380.2 | 382.1 | West | 90.8 | 93.8 | 97.0 | 98.6 | 101.4 | 98.7 | 92.5 | 89.5 |
| 251.1 | 268.2 | 286.3 | 285.6 | 357.6 | Global Family Office | 69.2 | 68.6 | 74.8 | 73.0 | 88.9 | 96.5 | 87.6 | 84.6 |
| $**1580.6** | $**1640.6** | $**1673.4** | $**1873.8** | $**1936.3** | ***Total WM Trust, Investment and Other Servicing Fees*** | $**443.2** | $**463.9** | $**480.8** | $**485.9** | $**506.0** | $**500.7** | $**475.5** | $**454.1** |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** |
| **BALANCE SHEET** | **BALANCE SHEET** | **BALANCE SHEET** | **BALANCE SHEET** | **BALANCE SHEET** |
| **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** |
| **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** |
|  |  |  |  | CHANGE |
| **<u>Assets</u>** | **<u>Assets</u>** | 12/31/2022 | 12/31/2021 | $% |
|  | Federal Reserve and Other Central Bank Deposits | $39961.9 | $64495.1 | (38)% |
|  | Interest-Bearing Due from and Deposits with Banks<sup>(1)</sup> | 4926.6 | 3849.2 | 28% |
|  | Federal Funds Sold | 32.0 |  | N/M |
|  | Securities Purchased under Agreements to Resell | 1070.3 | 686.4 | 56% |
|  | Debt Securities: |  |  |  |
|  | Available For Sale | 26699.9 | 38010.5 | (30)% |
|  | Held To Maturity | 25036.1 | 23564.5 | 6% |
|  | Trading Account | 95.2 | 0.3 | N/M |
|  | *Total Debt Securities* | 51831.2 | 61575.3 | (16)% |
|  | Loans and Leases | 42893.3 | 40480.6 | 6% |
|  | Other Interest-Earning Assets<sup>(2)</sup> | 1769.4 | 1189.4 | 49% |
|  | *Total Earning Assets* | 142484.7 | 172276.0 | (17)% |
|  | Allowance for Credit Losses | (161.1) | (150.6) | 7% |
|  | Cash and Due From Banks and Other Central Bank Deposits<sup>(3)</sup> | 1737.2 | 1244.1 | 40% |
|  | Buildings and Equipment | 500.5 | 488.7 | 2% |
|  | Client Security Settlement Receivables | 1698.3 | 1941.2 | (13)% |
|  | Goodwill | 691.3 | 706.2 | (2)% |
|  | Other Assets | 8085.8 | 7384.2 | 10% |
|  | ***Total Assets*** | $**155036.7** | $**183889.8** | (16)% |
| **<u>Liabilities and Stockholders' Equity</u>** | **<u>Liabilities and Stockholders' Equity</u>** |  |  |  |
|  | Savings, Money Market and Other | $31128.6 | $35003.1 | (11)% |
|  | Savings Certificates and Other Time | 1981.3 | 842.7 | 135% |
|  | Non- U.S. Offices - Interest-Bearing | 65481.9 | 75767.1 | (14)% |
|  | *Total Interest-Bearing Deposits* | 98591.8 | 111612.9 | (12)% |
|  | Federal Funds Purchased | 1896.9 | 0.2 | N/M |
|  | Securities Sold under Agreements to Repurchase | 567.2 | 531.9 | 7% |
|  | Other Borrowings | 7592.3 | 3583.8 | 112% |
|  | Senior Notes | 2724.2 | 2505.5 | 9% |
|  | Long-Term Debt | 2066.2 | 1145.7 | 80% |
|  | *Total Interest-Related Funds* | 113438.6 | 119380.0 | (5)% |
|  | Demand and Other Noninterest-Bearing Deposits | 25340.3 | 48315.5 | (48)% |
|  | Other Liabilities | 4998.3 | 4177.5 | 20% |
|  | *Total Liabilities* | 143777.2 | 171873.0 | (16)% |
|  | Common Equity | 10374.6 | 11131.9 | (7)% |
|  | Preferred Equity | 884.9 | 884.9 | —% |
|  | *Total Stockholders' Equity* | 11259.5 | 12016.8 | (6)% |
|  | ***Total Liabilities and Stockholders' Equity*** | $**155036.7** | $**183889.8** | (16)% |
| <sup>(1)</sup> | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. |
| <sup>(2)</sup> | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. |
| <sup>(3)</sup> | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** |
| **BALANCE SHEET TRENDS** | **BALANCE SHEET TRENDS** | **BALANCE SHEET TRENDS** | **BALANCE SHEET TRENDS** | **BALANCE SHEET TRENDS** | **BALANCE SHEET TRENDS** | **BALANCE SHEET TRENDS** | **BALANCE SHEET TRENDS** | **BALANCE SHEET TRENDS** | **BALANCE SHEET TRENDS** | **BALANCE SHEET TRENDS** | **BALANCE SHEET TRENDS** | **BALANCE SHEET TRENDS** | **BALANCE SHEET TRENDS** | **BALANCE SHEET TRENDS** |
| &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;**PERIOD AVERAGES**<sup>(1)</sup> |
| **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** |
|  |  |  |  |  |  |  | 2021 | 2021 | 2021 | 2021 | 2022 | 2022 | 2022 | 2022 |
|  | 2018 | 2019 | 2020 | 2021 | 2022 | **<u>Assets</u>** | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |
|  | $23899 | $18511 | $27904 | $39028 | $36249 | Federal Reserve and Other Central Bank Deposits | $37130 | $37415 | $40523 | $40986 | $45200 | $36691 | $30549 | $32755 |
|  | 6023 | 5997 | 5401 | 5780 | 4193 | Interest-Bearing Due from and Deposits with Banks<sup>(2)</sup> | 6464 | 6737 | 5165 | 4778 | 4384 | 4228 | 3977 | 4186 |
|  | 21 | 13 | 2 |  | 6 | Federal Funds Sold |  |  |  |  | 1 | 2 | 5 | 14 |
|  | 1478 | 835 | 1253 | 1067 | 1071 | Securities Purchased under Agreements to Resell | 1551 | 1012 | 841 | 876 | 692 | 1149 | 1271 | 1166 |
|  |  |  |  |  |  | Debt Securities: |  |  |  |  |  |  |  |  |
|  | 35240 | 38016 | 40643 | 38987 | 32060 | Available For Sale | 42664 | 37618 | 37515 | 38216 | 37496 | 35677 | 28483 | 26742 |
|  | 14258 | 11650 | 14353 | 20617 | 22970 | Held To Maturity | 17352 | 21798 | 20300 | 22960 | 21308 | 20244 | 25127 | 25135 |
|  | 1 | 1 | 1 | 1 | 12 | Trading Account |  | 1 | 1 | 1 | 1 |  |  | 46 |
|  | 49499 | 49667 | 54997 | 59605 | 55042 | *Total Debt Securities* | 60017 | 59416 | 57816 | 61177 | 58805 | 55921 | 53610 | 51924 |
|  | 32029 | 31053 | 33499 | 37208 | 41031 | Loans and Leases | 34201 | 36282 | 38411 | 39860 | 39544 | 40747 | 41466 | 42329 |
|  | 783 | 1034 | 1077 | 1186 | 1248 | Other Interest-Earning Assets<sup>(3)</sup> | 1225 | 1163 | 1198 | 1157 | 1143 | 1163 | 1269 | 1414 |
|  | 113731 | 107109 | 124133 | 143873 | 138839 | *Total Earning Assets* | 140589 | 142024 | 143953 | 148834 | 149768 | 139902 | 132147 | 133789 |
|  | (126) | (111) | (178) | (173) | (154) | Allowance for Credit Losses | (199) | (177) | (161) | (156) | (152) | (156) | (154) | (155) |
|  | 2534 | 2394 | 2603 | 2286 | 2070 | Cash and Due From Banks and Other Central Bank Deposits<sup>(4)</sup> | 2615 | 2403 | 2012 | 2124 | 2047 | 2559 | 1903 | 1774 |
|  | 439 | 426 | 509 | 503 | 489 | Buildings and Equipment | 509 | 505 | 500 | 497 | 495 | 488 | 481 | 491 |
|  | 1002 | 1070 | 1358 | 1530 | 1722 | Client Security Settlement Receivables | 1669 | 1533 | 1284 | 1639 | 1826 | 1588 | 1667 | 1810 |
|  | 643 | 683 | 695 | 707 | 692 | Goodwill | 707 | 708 | 709 | 705 | 704 | 694 | 686 | 686 |
|  | 4725 | 5981 | 7691 | 7637 | 8894 | Other Assets | 7367 | 7305 | 8156 | 7711 | 7455 | 9010 | 9673 | 9409 |
|  | $**122947** | $**117551** | $**136811** | $**156363** | $**152552** | ***Total Assets*** | $**153256** | $**154300** | $**156453** | $**161354** | $**162143** | $**154084** | $**146402** | $**147804** |
|  |  |  |  |  |  | **<u>Liabilities and Stockholders' Equity</u>** |  |  |  |  |  |  |  |  |
|  | $15149 | $16578 | $23396 | $28339 | $30205 | Savings, Money Market and Other | $26736 | $27427 | $28472 | $30676 | $32329 | $30968 | $29089 | $28489 |
|  | 871 | 868 | 1266 | 887 | 1060 | Savings Certificates and Other Time | 924 | 899 | 871 | 857 | 842 | 792 | 986 | 1611 |
|  | 58557 | 54885 | 60486 | 69713 | 65031 | Non- U.S. Offices - Interest-Bearing | 68306 | 69202 | 70211 | 71099 | 68200 | 63901 | 64057 | 64024 |
|  | 74577 | 72331 | 85149 | 98940 | 96296 | *Total Interest-Bearing Deposits* | 95965 | 97528 | 99554 | 102631 | 101371 | 95661 | 94133 | 94123 |
|  | 2763 | 1267 | 981 | 191 | 1408 | Federal Funds Purchased | 406 | 195 | 166 |  |  | 923 | 1968 | 2705 |
|  | 525 | 339 | 218 | 232 | 434 | Securities Sold under Agreements to Repurchase | 90 | 229 | 293 | 314 | 254 | 597 | 490 | 392 |
|  | 7496 | 7753 | 6401 | 5050 | 5464 | Other Borrowings | 4681 | 5196 | 5527 | 4789 | 3691 | 4187 | 5991 | 7933 |
|  | 1704 | 2389 | 3234 | 2856 | 2756 | Senior Notes | 3058 | 3023 | 2841 | 2510 | 2442 | 2885 | 2970 | 2722 |
|  | 1297 | 1139 | 1189 | 1166 | 1259 | Long-Term Debt | 1179 | 1169 | 1166 | 1151 | 1128 | 1096 | 1088 | 1719 |
|  | 278 | 278 | 278 | 218 |  | Floating Rate Capital Debt | 278 | 278 | 278 | 42 |  |  |  |  |
|  | 88638 | 85495 | 97450 | 108653 | 107616 | *Total Interest-Related Funds* | 105656 | 107617 | 109824 | 111437 | 108886 | 105348 | 106638 | 109594 |
|  | 20527 | 17456 | 23362 | 31144 | 29296 | Demand and Other Noninterest-Bearing Deposits | 30451 | 30469 | 30241 | 33390 | 37129 | 33733 | 24356 | 22186 |
|  | 3553 | 3952 | 4806 | 4870 | 4558 | Other Liabilities | 5611 | 4663 | 4534 | 4685 | 4616 | 4096 | 4473 | 5044 |
|  | 112718 | 106903 | 125618 | 144666 | 141471 | *Total Liabilities* | 141718 | 142749 | 144600 | 149512 | 150632 | 143177 | 135467 | 136824 |
|  | 9347 | 9705 | 10307 | 10812 | 10197 | Common Equity | 10653 | 10666 | 10968 | 10957 | 10626 | 10022 | 10051 | 10095 |
|  | 882 | 943 | 886 | 885 | 885 | Preferred Equity | 885 | 885 | 885 | 885 | 885 | 885 | 885 | 885 |
|  | 10229 | 10648 | 11193 | 11697 | 11081 | *Total Stockholders' Equity* | 11537 | 11551 | 11853 | 11842 | 11511 | 10907 | 10936 | 10979 |
|  | $**122947** | $**117551** | $**136811** | $**156363** | $**152552** | ***Total Liabilities and Stockholders' Equity*** | $**153256** | $**154300** | $**156453** | $**161354** | $**162143** | $**154084** | $**146402** | $**147804** |
| <sup>(1)</sup> | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding |
| <sup>(2)</sup> | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. |
| <sup>(3)</sup> | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. |
| <sup>(4)</sup> | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** |
| **BALANCE SHEET MIX TRENDS** | **BALANCE SHEET MIX TRENDS** | **BALANCE SHEET MIX TRENDS** | **BALANCE SHEET MIX TRENDS** | **BALANCE SHEET MIX TRENDS** | **BALANCE SHEET MIX TRENDS** | **BALANCE SHEET MIX TRENDS** | **BALANCE SHEET MIX TRENDS** | **BALANCE SHEET MIX TRENDS** | **BALANCE SHEET MIX TRENDS** | **BALANCE SHEET MIX TRENDS** | **BALANCE SHEET MIX TRENDS** | **BALANCE SHEET MIX TRENDS** | **BALANCE SHEET MIX TRENDS** | **BALANCE SHEET MIX TRENDS** |
| **PERIOD AVERAGES**<sup>(1)</sup> | **PERIOD AVERAGES**<sup>(1)</sup> | **PERIOD AVERAGES**<sup>(1)</sup> | **PERIOD AVERAGES**<sup>(1)</sup> | **PERIOD AVERAGES**<sup>(1)</sup> | **PERIOD AVERAGES**<sup>(1)</sup> | **PERIOD AVERAGES**<sup>(1)</sup> | **PERIOD AVERAGES**<sup>(1)</sup> | **PERIOD AVERAGES**<sup>(1)</sup> | **PERIOD AVERAGES**<sup>(1)</sup> | **PERIOD AVERAGES**<sup>(1)</sup> | **PERIOD AVERAGES**<sup>(1)</sup> | **PERIOD AVERAGES**<sup>(1)</sup> | **PERIOD AVERAGES**<sup>(1)</sup> | **PERIOD AVERAGES**<sup>(1)</sup> |
|  |  |  |  |  |  |  | 2021 | 2021 | 2021 | 2021 | 2022 | 2022 | 2022 | 2022 |
|  | 2018 | 2019 | 2020 | 2021 | 2022 | **<u>Assets</u>** | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |
|  | 19.4% | 15.7% | 20.4% | 25.0% | 23.8% | Federal Reserve and Other Central Bank Deposits | 24.2% | 24.2% | 25.9% | 25.4% | 27.9% | 23.8% | 20.9% | 22.2% |
|  | 4.9 | 5.1 | 3.9 | 3.7 | 2.7 | Interest-Bearing Due from and Deposits with Banks<sup>(2)</sup> | 4.2 | 4.4 | 3.3 | 3.0 | 2.7 | 2.7 | 2.7 | 2.8 |
|  |  |  |  |  |  | Federal Funds Sold |  |  |  |  |  |  |  |  |
|  | 1.2 | 0.7 | 0.9 | 0.7 | 0.7 | Securities Purchased under Agreements to Resell | 1.0 | 0.7 | 0.5 | 0.5 | 0.4 | 0.7 | 0.9 | 0.8 |
|  |  |  |  |  |  | Debt Securities: |  |  |  |  |  |  |  |  |
|  | 28.7 | 32.3 | 29.7 | 24.9 | 21.0 | Available For Sale | 27.8 | 24.4 | 37.0 | 23.7 | 23.1 | 23.2 | 19.5 | 18.1 |
|  | 11.6 | 9.9 | 10.5 | 13.2 | 15.1 | Held To Maturity | 11.3 | 14.1 | 13.0 | 14.2 | 13.1 | 13.1 | 17.2 | 17.0 |
|  |  |  |  |  |  | Trading Account |  |  |  |  |  |  |  |  |
|  | 40.3 | 42.3 | 40.2 | 38.1 | 36.1 | *Total Debt Securities* | 39.2 | 38.5 | 37.0 | 37.9 | 36.3 | 36.3 | 36.6 | 35.1 |
|  | 26.1 | 26.4 | 24.5 | 23.8 | 26.9 | Loans and Leases | 22.3 | 23.5 | 24.6 | 24.7 | 24.4 | 26.4 | 28.3 | 28.6 |
|  | 0.6 | 0.9 | 0.8 | 0.8 | 0.8 | Other Interest-Earning Assets<sup>(3)</sup> | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 0.8 | 0.9 | 1.0 |
|  | 92.5 | 91.1 | 90.7 | 92.0 | 91.0 | *Total Earning Assets* | 91.7 | 92.0 | 92.0 | 92.2 | 92.4 | 90.8 | 90.3 | 90.5 |
|  | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | Allowance for Credit Losses | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) |
|  | 2.1 | 2.0 | 1.9 | 1.5 | 1.4 | Cash and Due From Banks and Other Central Bank Deposits<sup>(4)</sup> | 1.7 | 1.6 | 1.3 | 1.3 | 1.3 | 1.7 | 1.3 | 1.2 |
|  | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | Buildings and Equipment | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
|  | 0.8 | 0.9 | 1.0 | 1.0 | 1.1 | Client Security Settlement Receivables | 1.1 | 1.0 | 0.8 | 1.0 | 1.1 | 1.0 | 1.1 | 1.2 |
|  | 0.5 | 0.6 | 0.5 | 0.5 | 0.5 | Goodwill | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 |
|  | 3.8 | 5.1 | 5.6 | 4.9 | 5.8 | Other Assets | 4.8 | 4.7 | 5.2 | 4.8 | 4.6 | 5.8 | 6.6 | 6.4 |
|  | **100.0%** | **100.0%** | **100.0%** | **100.0%** | **100.0%** | ***Total Assets*** | **100.0%** | **100.0%** | **100.0%** | **100.0%** | **100.0%** | **100.0%** | **100.0%** | **100.0%** |
|  |  |  |  |  |  | **<u>Liabilities and Stockholders' Equity</u>** |  |  |  |  |  |  |  |  |
|  | 12.3% | 14.1% | 17.1% | 18.1% | 19.8% | Savings, Money Market and Other | 17.4% | 17.8% | 18.2% | 19.0% | 19.9% | 20.1% | 19.9% | 19.3% |
|  | 0.7 | 0.7 | 0.9 | 0.6 | 0.7 | Savings Certificates and Other Time | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 | 0.7 | 1.1 |
|  | 47.6 | 46.7 | 44.2 | 44.6 | 42.6 | Non- U.S. Offices - Interest-Bearing | 44.6 | 44.8 | 44.9 | 44.1 | 42.1 | 41.5 | 43.8 | 43.3 |
|  | 60.7 | 61.5 | 62.2 | 63.3 | 63.1 | *Total Interest-Bearing Deposits* | 62.6 | 63.2 | 63.6 | 63.6 | 62.5 | 62.1 | 64.3 | 63.7 |
|  | 2.2 | 1.1 | 0.7 | 0.1 | 0.9 | Federal Funds Purchased | 0.3 | 0.1 | 0.1 |  |  | 0.6 | 1.3 | 1.8 |
|  | 0.4 | 0.3 | 0.2 | 0.1 | 0.3 | Securities Sold under Agreements to Repurchase | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.4 | 0.3 | 0.3 |
|  | 6.1 | 6.6 | 4.7 | 3.2 | 3.6 | Other Borrowings | 3.1 | 3.4 | 3.5 | 3.0 | 2.3 | 2.7 | 4.1 | 5.4 |
|  | 1.4 | 2.0 | 2.4 | 1.8 | 1.8 | Senior Notes | 2.0 | 2.0 | 1.8 | 1.6 | 1.5 | 1.9 | 2.0 | 1.8 |
|  | 1.1 | 1.0 | 0.9 | 0.7 | 0.8 | Long-Term Debt | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 1.2 |
|  | 0.2 | 0.2 | 0.2 | 0.1 |  | Floating Rate Capital Debt | 0.2 | 0.2 | 0.2 |  |  |  |  |  |
|  | 72.1 | 72.7 | 71.2 | 69.5 | 70.5 | *Total Interest-Related Funds* | 68.9 | 69.7 | 70.2 | 69.1 | 67.2 | 68.4 | 72.8 | 74.1 |
|  | 16.7 | 14.8 | 17.1 | 19.9 | 19.2 | Demand and Other Noninterest-Bearing Deposits | 19.9 | 19.7 | 19.3 | 20.7 | 22.9 | 21.9 | 16.6 | 15.0 |
|  | 2.9 | 3.4 | 3.5 | 3.1 | 3.0 | Other Liabilities | 3.7 | 3.0 | 2.9 | 2.9 | 2.8 | 2.7 | 3.1 | 3.4 |
|  | 91.7 | 90.9 | 91.8 | 92.5 | 92.7 | *Total Liabilities* | 92.5 | 92.5 | 92.4 | 92.7 | 92.9 | 92.9 | 92.5 | 92.6 |
|  | 7.6 | 8.3 | 7.5 | 6.9 | 6.7 | Common Equity | 7.0 | 6.9 | 7.0 | 6.8 | 6.6 | 6.5 | 6.9 | 6.8 |
|  | 0.7 | 0.8 | 0.6 | 0.6 | 0.6 | Preferred Equity | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 |
|  | 8.3 | 9.1 | 8.2 | 7.5 | 7.3 | *Total Stockholders' Equity* | 7.5 | 7.5 | 7.6 | 7.3 | 7.1 | 7.1 | 7.5 | 7.4 |
|  | **100.0%** | **100.0%** | **100.0%** | **100.0%** | **100.0%** | ***Total Liabilities and Stockholders' Equity*** | **100.0%** | **100.0%** | **100.0%** | **100.0%** | **100.0%** | **100.0%** | **100.0%** | **100.0%** |
| <sup>(1)</sup> | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding | Summations may not equal due to rounding |
| <sup>(2)</sup> | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. |
| <sup>(3)</sup> | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. |
| <sup>(4)</sup> | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. | Cash and Due from Banks and Other Central Bank Deposits includes the noninterest-bearing component of Federal Reserve and Other Central Bank Deposits as presented on the consolidated balance sheets in our periodic filings with the SEC. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** |
| **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** | **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** | **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** | **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** | **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** | **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** | **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** | **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** | **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** | **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** | **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** | **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** | **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** | **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** | **INTEREST RATE TRENDS (FTE**<sup>(1)</sup> **Basis)** |
| **PERIOD AVERAGES** | **PERIOD AVERAGES** | **PERIOD AVERAGES** | **PERIOD AVERAGES** | **PERIOD AVERAGES** | **PERIOD AVERAGES** | **PERIOD AVERAGES** | **PERIOD AVERAGES** | **PERIOD AVERAGES** | **PERIOD AVERAGES** | **PERIOD AVERAGES** | **PERIOD AVERAGES** | **PERIOD AVERAGES** | **PERIOD AVERAGES** | **PERIOD AVERAGES** |
|  | Net Interest Income (FTE Adjusted), a non-GAAP financial measure, includes adjustments to a fully taxable equivalent basis for loans and securities. A reconciliation of net interest income, net interest margin, and net interest spread on a GAAP basis to net interest income, net interest margin, and net interest spread on an FTE basis, respectively, (each of which is a non-GAAP financial measure) is provided on pages 11 and 12. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds).  | Net Interest Income (FTE Adjusted), a non-GAAP financial measure, includes adjustments to a fully taxable equivalent basis for loans and securities. A reconciliation of net interest income, net interest margin, and net interest spread on a GAAP basis to net interest income, net interest margin, and net interest spread on an FTE basis, respectively, (each of which is a non-GAAP financial measure) is provided on pages 11 and 12. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds).  | Net Interest Income (FTE Adjusted), a non-GAAP financial measure, includes adjustments to a fully taxable equivalent basis for loans and securities. A reconciliation of net interest income, net interest margin, and net interest spread on a GAAP basis to net interest income, net interest margin, and net interest spread on an FTE basis, respectively, (each of which is a non-GAAP financial measure) is provided on pages 11 and 12. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds).  | Net Interest Income (FTE Adjusted), a non-GAAP financial measure, includes adjustments to a fully taxable equivalent basis for loans and securities. A reconciliation of net interest income, net interest margin, and net interest spread on a GAAP basis to net interest income, net interest margin, and net interest spread on an FTE basis, respectively, (each of which is a non-GAAP financial measure) is provided on pages 11 and 12. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds).  | Net Interest Income (FTE Adjusted), a non-GAAP financial measure, includes adjustments to a fully taxable equivalent basis for loans and securities. A reconciliation of net interest income, net interest margin, and net interest spread on a GAAP basis to net interest income, net interest margin, and net interest spread on an FTE basis, respectively, (each of which is a non-GAAP financial measure) is provided on pages 11 and 12. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds).  | Net Interest Income (FTE Adjusted), a non-GAAP financial measure, includes adjustments to a fully taxable equivalent basis for loans and securities. A reconciliation of net interest income, net interest margin, and net interest spread on a GAAP basis to net interest income, net interest margin, and net interest spread on an FTE basis, respectively, (each of which is a non-GAAP financial measure) is provided on pages 11 and 12. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds).  | Net Interest Income (FTE Adjusted), a non-GAAP financial measure, includes adjustments to a fully taxable equivalent basis for loans and securities. A reconciliation of net interest income, net interest margin, and net interest spread on a GAAP basis to net interest income, net interest margin, and net interest spread on an FTE basis, respectively, (each of which is a non-GAAP financial measure) is provided on pages 11 and 12. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds).  | Net Interest Income (FTE Adjusted), a non-GAAP financial measure, includes adjustments to a fully taxable equivalent basis for loans and securities. A reconciliation of net interest income, net interest margin, and net interest spread on a GAAP basis to net interest income, net interest margin, and net interest spread on an FTE basis, respectively, (each of which is a non-GAAP financial measure) is provided on pages 11 and 12. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds).  | Net Interest Income (FTE Adjusted), a non-GAAP financial measure, includes adjustments to a fully taxable equivalent basis for loans and securities. A reconciliation of net interest income, net interest margin, and net interest spread on a GAAP basis to net interest income, net interest margin, and net interest spread on an FTE basis, respectively, (each of which is a non-GAAP financial measure) is provided on pages 11 and 12. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds).  | Net Interest Income (FTE Adjusted), a non-GAAP financial measure, includes adjustments to a fully taxable equivalent basis for loans and securities. A reconciliation of net interest income, net interest margin, and net interest spread on a GAAP basis to net interest income, net interest margin, and net interest spread on an FTE basis, respectively, (each of which is a non-GAAP financial measure) is provided on pages 11 and 12. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds).  | Net Interest Income (FTE Adjusted), a non-GAAP financial measure, includes adjustments to a fully taxable equivalent basis for loans and securities. A reconciliation of net interest income, net interest margin, and net interest spread on a GAAP basis to net interest income, net interest margin, and net interest spread on an FTE basis, respectively, (each of which is a non-GAAP financial measure) is provided on pages 11 and 12. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds).  | Net Interest Income (FTE Adjusted), a non-GAAP financial measure, includes adjustments to a fully taxable equivalent basis for loans and securities. A reconciliation of net interest income, net interest margin, and net interest spread on a GAAP basis to net interest income, net interest margin, and net interest spread on an FTE basis, respectively, (each of which is a non-GAAP financial measure) is provided on pages 11 and 12. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds).  | Net Interest Income (FTE Adjusted), a non-GAAP financial measure, includes adjustments to a fully taxable equivalent basis for loans and securities. A reconciliation of net interest income, net interest margin, and net interest spread on a GAAP basis to net interest income, net interest margin, and net interest spread on an FTE basis, respectively, (each of which is a non-GAAP financial measure) is provided on pages 11 and 12. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds).  | Net Interest Income (FTE Adjusted), a non-GAAP financial measure, includes adjustments to a fully taxable equivalent basis for loans and securities. A reconciliation of net interest income, net interest margin, and net interest spread on a GAAP basis to net interest income, net interest margin, and net interest spread on an FTE basis, respectively, (each of which is a non-GAAP financial measure) is provided on pages 11 and 12. Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds).  |
|  |  |  |  |  |  |  | 2021 | 2021 | 2021 | 2021 | 2022 | 2022 | 2022 | 2022 |
|  | 2018 | 2019 | 2020 | 2021 | 2022 | **<u>Earnings Assets</u>** | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |
|  | 0.87% | 0.98% | 0.10% | 0.03% | 1.30% | Federal Reserve and Other Central Bank Deposits | —% | 0.01% | 0.04% | 0.06% | 0.16% | 0.65% | 1.76% | 3.15% |
|  | 1.16% | 1.21% | 0.41% | 0.16% | 1.11% | Interest-Bearing Due from and Deposits with Banks<sup>(2)</sup> | 0.15% | 0.16% | 0.15% | 0.18% | 0.24% | 0.62% | 1.45% | 2.18% |
|  | 2.18% | 2.73% | 1.37% | 0.41% | 3.22% | Federal Funds Sold | 0.41% | 0.41% | 0.41% | 0.41% | 0.45% | 0.75% | 2.79% | 3.91% |
|  | 2.22% | 2.10% | 0.31% | 0.33% | 9.68% | Securities Purchased under Agreements to Resell<sup>(4)</sup> | 0.27% | 0.34% | 0.38% | 0.38% | 0.50% | 2.47% | 9.51% | 22.24% |
|  |  |  |  |  |  | Debt Securities: |  |  |  |  |  |  |  |  |
|  | 2.13% | 2.51% | 1.77% | 1.28% | 1.91% | Available for Sale | 1.45% | 1.25% | 1.18% | 1.20% | 1.30% | 1.55% | 2.10% | 3.02% |
|  | 1.08% | 0.94% | 0.59% | 0.80% | 1.26% | Held to Maturity | 0.59% | 0.86% | 0.97% | 0.84% | 0.94% | 1.11% | 1.38% | 1.54% |
|  | 6.19% | 3.29% | 3.27% | 1.59% | 3.84% | Trading Account | 6.55% | 0.87% | 0.32% | 0.12% | 10.09% | 5.40% | 23.60% | 3.54% |
|  | 1.83% | 2.14% | 1.46% | 1.11% | 1.64% | *Total Debt Securities* | 1.16% | 1.11% | 1.11% | 1.06% | 1.17% | 1.39% | 1.76% | 2.30% |
|  | 3.45% | 3.74% | 2.32% | 1.92% | 3.28% | Loans and Leases | 2.05% | 1.91% | 1.87% | 1.88% | 1.97% | 2.53% | 3.64% | 4.86% |
|  | 5.01% | 3.56% | 3.63% | 3.43% | 4.03% | Other Interest-Earning Assets<sup>(3)</sup> | 2.65% | 3.27% | 3.92% | 3.88% | 2.69% | 4.07% | 3.92% | 5.14% |
|  | **2.08%** | **2.36%** | **1.35%** | **1.00%** | **2.11%** | ***Total Earning Assets*** | **1.03%** | **0.99%** | **1.00%** | **0.99%** | **1.06%** | **1.54%** | **2.44%** | **3.52%** |
|  |  |  |  |  |  | **<u>Interest-Bearing Funds</u>** |  |  |  |  |  |  |  |  |
|  | 0.54% | 0.97% | 0.20% | 0.05% | 0.74% | Savings, Money Market and Other | 0.06% | 0.04% | 0.04% | 0.04% | 0.04% | 0.24% | 0.94% | 1.83% |
|  | 0.90% | 1.86% | 1.30% | 0.55% | 1.68% | Savings Certificates and Other Time | 0.67% | 0.49% | 0.53% | 0.49% | 0.51% | 0.58% | 1.61% | 2.86% |
|  | 0.50% | 0.57% | (0.03)% | (0.11)% | 0.56% | Non- U.S. Offices - Interest-Bearing | (0.11)% | (0.11)% | (0.12)% | (0.12)% | (0.12)% | 0.02% | 0.65% | 1.70% |
|  | 0.52% | 0.68% | 0.06% | (0.06)% | 0.63% | *Total Interest-Bearing Deposits* | (0.06)% | (0.06)% | (0.07)% | (0.06)% | (0.06)% | 0.10% | 0.75% | 1.76% |
|  | 1.82% | 2.05% | 0.22% | (0.19)% | 2.43% | Federal Funds Purchased | 0.06% | (0.95)% | 0.09% | —% | 0.05% | 1.22% | 2.00% | 3.14% |
|  | 1.48% | 1.89% | 0.47% | 0.07% | 20.94% | Securities Sold under Agreements to Repurchase<sup>(4)</sup> | 0.07% | 0.03% | 0.06% | 0.11% | 0.49% | 4.01% | 20.72% | 59.59% |
|  | 2.00% | 2.34% | 0.71% | 0.28% | 2.31% | Other Borrowings | 0.30% | 0.25% | 0.26% | 0.32% | 0.35% | 0.80% | 2.36% | 3.95% |
|  | 3.13% | 3.04% | 2.24% | 1.69% | 3.36% | Senior Notes | 1.82% | 1.82% | 1.64% | 1.44% | 1.59% | 2.65% | 3.79% | 5.18% |
|  | 3.47% | 3.36% | 2.24% | 1.81% | 3.49% | Long-Term Debt | 1.83% | 1.83% | 1.79% | 1.80% | 1.94% | 2.47% | 3.41% | 5.19% |
|  | 2.72% | 2.98% | 1.52% | 0.78% | —% | Floating Rate Capital Debt | 0.81% | 0.76% | 0.75% | 0.86% | —% | —% | —% | —% |
|  | **0.79%** | **0.96%** | **0.21%** | **0.02%** | **0.92%** | ***Total Interest-Related Funds*** | **0.04%** | **0.03%** | **0.02%** | **0.01%** | **0.01%** | **0.25%** | **1.07%** | **2.30%** |
|  | **1.29%** | **1.40%** | **1.14%** | **0.98%** | **1.19%** | **Net Interest Spread** | **0.99%** | **0.96%** | **0.98%** | **0.98%** | **1.05%** | **1.29%** | **1.37%** | **1.22%** |
|  | **1.46%** | **1.60%** | **1.19%** | **0.99%** | **1.39%** | **Net Interest Margin** | **1.00%** | **0.97%** | **0.98%** | **0.99%** | **1.05%** | **1.35%** | **1.58%** | **1.63%** |
| <sup>(1)</sup> | Fully taxable equivalent. FTE adjustments are based on a federal income tax rate of 21%, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. | Fully taxable equivalent. FTE adjustments are based on a federal income tax rate of 21%, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. | Fully taxable equivalent. FTE adjustments are based on a federal income tax rate of 21%, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. | Fully taxable equivalent. FTE adjustments are based on a federal income tax rate of 21%, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. | Fully taxable equivalent. FTE adjustments are based on a federal income tax rate of 21%, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. | Fully taxable equivalent. FTE adjustments are based on a federal income tax rate of 21%, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. | Fully taxable equivalent. FTE adjustments are based on a federal income tax rate of 21%, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. | Fully taxable equivalent. FTE adjustments are based on a federal income tax rate of 21%, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. | Fully taxable equivalent. FTE adjustments are based on a federal income tax rate of 21%, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. | Fully taxable equivalent. FTE adjustments are based on a federal income tax rate of 21%, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. | Fully taxable equivalent. FTE adjustments are based on a federal income tax rate of 21%, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. | Fully taxable equivalent. FTE adjustments are based on a federal income tax rate of 21%, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. | Fully taxable equivalent. FTE adjustments are based on a federal income tax rate of 21%, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. | Fully taxable equivalent. FTE adjustments are based on a federal income tax rate of 21%, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. |
| <sup>(2)</sup> | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. | Interest-Bearing Due from and Deposits with Banks includes the interest-bearing component of Cash and Due from Banks and Interest-Bearing Deposits with Banks as presented on the consolidated balance sheets in our periodic filings with the SEC. |
| <sup>(3)</sup> | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. | Other Interest-Earning Assets include certain community development investments, collateral deposits with certain securities depositories and clearing houses, and Federal Home Loan Bank and Federal Reserve stock, which are classified in Other Assets on the consolidated balance sheets in our periodic filings with the SEC. |
| <sup>(4)</sup> | Includes the impact of balance sheet netting under master netting arrangements of approximately $6.0 billion for the three months ended December 31, 2022 and $3.6 for the twelve months ended December 31, 2022 . Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 3.64% for the three months ended December 31, 2022 and 2.23% for the twelve months ended December 31, 2022. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 3.68% for the three months ended December 31, 2022 and 2.27% for the twelve months ended December 31, 2022. | Includes the impact of balance sheet netting under master netting arrangements of approximately $6.0 billion for the three months ended December 31, 2022 and $3.6 for the twelve months ended December 31, 2022 . Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 3.64% for the three months ended December 31, 2022 and 2.23% for the twelve months ended December 31, 2022. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 3.68% for the three months ended December 31, 2022 and 2.27% for the twelve months ended December 31, 2022. | Includes the impact of balance sheet netting under master netting arrangements of approximately $6.0 billion for the three months ended December 31, 2022 and $3.6 for the twelve months ended December 31, 2022 . Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 3.64% for the three months ended December 31, 2022 and 2.23% for the twelve months ended December 31, 2022. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 3.68% for the three months ended December 31, 2022 and 2.27% for the twelve months ended December 31, 2022. | Includes the impact of balance sheet netting under master netting arrangements of approximately $6.0 billion for the three months ended December 31, 2022 and $3.6 for the twelve months ended December 31, 2022 . Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 3.64% for the three months ended December 31, 2022 and 2.23% for the twelve months ended December 31, 2022. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 3.68% for the three months ended December 31, 2022 and 2.27% for the twelve months ended December 31, 2022. | Includes the impact of balance sheet netting under master netting arrangements of approximately $6.0 billion for the three months ended December 31, 2022 and $3.6 for the twelve months ended December 31, 2022 . Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 3.64% for the three months ended December 31, 2022 and 2.23% for the twelve months ended December 31, 2022. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 3.68% for the three months ended December 31, 2022 and 2.27% for the twelve months ended December 31, 2022. | Includes the impact of balance sheet netting under master netting arrangements of approximately $6.0 billion for the three months ended December 31, 2022 and $3.6 for the twelve months ended December 31, 2022 . Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 3.64% for the three months ended December 31, 2022 and 2.23% for the twelve months ended December 31, 2022. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 3.68% for the three months ended December 31, 2022 and 2.27% for the twelve months ended December 31, 2022. | Includes the impact of balance sheet netting under master netting arrangements of approximately $6.0 billion for the three months ended December 31, 2022 and $3.6 for the twelve months ended December 31, 2022 . Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 3.64% for the three months ended December 31, 2022 and 2.23% for the twelve months ended December 31, 2022. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 3.68% for the three months ended December 31, 2022 and 2.27% for the twelve months ended December 31, 2022. | Includes the impact of balance sheet netting under master netting arrangements of approximately $6.0 billion for the three months ended December 31, 2022 and $3.6 for the twelve months ended December 31, 2022 . Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 3.64% for the three months ended December 31, 2022 and 2.23% for the twelve months ended December 31, 2022. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 3.68% for the three months ended December 31, 2022 and 2.27% for the twelve months ended December 31, 2022. | Includes the impact of balance sheet netting under master netting arrangements of approximately $6.0 billion for the three months ended December 31, 2022 and $3.6 for the twelve months ended December 31, 2022 . Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 3.64% for the three months ended December 31, 2022 and 2.23% for the twelve months ended December 31, 2022. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 3.68% for the three months ended December 31, 2022 and 2.27% for the twelve months ended December 31, 2022. | Includes the impact of balance sheet netting under master netting arrangements of approximately $6.0 billion for the three months ended December 31, 2022 and $3.6 for the twelve months ended December 31, 2022 . Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 3.64% for the three months ended December 31, 2022 and 2.23% for the twelve months ended December 31, 2022. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 3.68% for the three months ended December 31, 2022 and 2.27% for the twelve months ended December 31, 2022. | Includes the impact of balance sheet netting under master netting arrangements of approximately $6.0 billion for the three months ended December 31, 2022 and $3.6 for the twelve months ended December 31, 2022 . Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 3.64% for the three months ended December 31, 2022 and 2.23% for the twelve months ended December 31, 2022. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 3.68% for the three months ended December 31, 2022 and 2.27% for the twelve months ended December 31, 2022. | Includes the impact of balance sheet netting under master netting arrangements of approximately $6.0 billion for the three months ended December 31, 2022 and $3.6 for the twelve months ended December 31, 2022 . Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 3.64% for the three months ended December 31, 2022 and 2.23% for the twelve months ended December 31, 2022. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 3.68% for the three months ended December 31, 2022 and 2.27% for the twelve months ended December 31, 2022. | Includes the impact of balance sheet netting under master netting arrangements of approximately $6.0 billion for the three months ended December 31, 2022 and $3.6 for the twelve months ended December 31, 2022 . Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 3.64% for the three months ended December 31, 2022 and 2.23% for the twelve months ended December 31, 2022. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 3.68% for the three months ended December 31, 2022 and 2.27% for the twelve months ended December 31, 2022. | Includes the impact of balance sheet netting under master netting arrangements of approximately $6.0 billion for the three months ended December 31, 2022 and $3.6 for the twelve months ended December 31, 2022 . Excluding the impact of netting, the average interest rate on Securities Purchased under Agreements to Resell would be approximately 3.64% for the three months ended December 31, 2022 and 2.23% for the twelve months ended December 31, 2022. Excluding the impact of netting, the average interest rate on Securities Sold under Agreements to Repurchase would be approximately 3.68% for the three months ended December 31, 2022 and 2.27% for the twelve months ended December 31, 2022. |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** |
| **ASSET QUALITY** | **ASSET QUALITY** | **ASSET QUALITY** | **ASSET QUALITY** | **ASSET QUALITY** | **ASSET QUALITY** | **ASSET QUALITY** | **ASSET QUALITY** | **ASSET QUALITY** | **ASSET QUALITY** | **ASSET QUALITY** | **ASSET QUALITY** | **ASSET QUALITY** | **ASSET QUALITY** | **ASSET QUALITY** |
| **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** |
| **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** |
|  |  |  |  |  |  |  | 2021 | 2021 | 2021 | 2021 | 2022 | 2022 | 2022 | 2022 |
|  | 2018 | 2019 | 2020 | 2021 | 2022 |  | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |
|  | $153.8 | $138.2 | $124.4 | $259.9 | $184.7 | Beginning Allowance for Credit Losses | $259.9 | $230.8 | $207 | $195.1 | $184.7 | $189.9 | $199.9 | $195.9 |
|  |  |  | 13.7 |  |  | Cumulative Effect Adjustment\* |  |  |  |  |  |  |  |  |
|  | (14.5) | (14.5) | 125.0 | (81.5) | 12.0 | Provision for Credit Losses | (30.0) | (27.0) | (13.0) | (11.5) | 2.0 | 4.5 | 0.5 | 5.0 |
|  |  |  |  |  |  | (Charge-offs) Recoveries |  |  |  |  |  |  |  |  |
|  | (10.1) | (6.5) | (9.7) | (0.7) | (6.0) | Charge-offs | (0.4) |  |  | (0.3) | (0.1) |  | (5.4) | (0.5) |
|  | 9.0 | 7.2 | 6.5 | 7.0 | 10.2 | Recoveries | 1.3 | 3.2 | 1.1 | 1.4 | 3.3 | 5.5 | 0.9 | 0.5 |
|  | (1.1) | 0.7 | (3.2) | 6.3 | 4.2 | *Net (Charge-offs) Recoveries* | 0.9 | 3.2 | 1.1 | 1.1 | 3.2 | 5.5 | (4.5) |  |
|  | $**138.2** | $**124.4** | $**259.9** | $**184.7** | $**200.9** | ***Ending Allowance for Credit Losses*** | $**230.8** | $**207.0** | $**195.1** | $**184.7** | $**189.9** | $**199.9** | $**195.9** | $**200.9** |
|  | $112.6 | $104.5 | $190.7 | $138.4 | $144.3 | Allowance for Credit Losses Assigned to: | $165.4 | $148.8 | $143.9 | $138.4 | $136.3 | $138.2 | $138.7 | $144.3 |
|  |  |  |  |  |  | Loans and Leases |  |  |  |  |  |  |  |  |
|  | 25.6 | 19.9 | 61.1 | 34.1 | 38.5 | Undrawn Loan Commitments and Standby Letters of Credit | 55.1 | 46.5 | 39.8 | 34.1 | 37.5 | 43.5 | 40.7 | 38.5 |
|  |  |  | 8.1 | 12.2 | 18.1 | Debt Securities and Other Financial Assets | 10.3 | 11.7 | 11.4 | 12.2 | 16.1 | 18.2 | 16.5 | 18.1 |
|  | $**138.2** | $**124.4** | $**259.9** | $**184.7** | $**200.9** | ***Total Allowance for Credit Losses*** | $**230.8** | $**207.0** | $**195.1** | $**184.7** | $**189.9** | $**199.9** | $**195.9** | $**200.9** |
|  | $32029 | $31053 | $33499 | $37208 | $41031 | Average Loans and Leases Outstanding | $34201 | $36282 | $38411 | $39860 | $39544 | $40747 | $41466 | $42329 |
|  | —% | —% | (0.01)% | 0.02% | 0.01% | Annualized Loan-Related Net (Charge-offs) Recoveries to | 0.01% | 0.04% | 0.01% | 0.01% | 0.03% | 0.05% | (0.04)% | —% |
|  |  |  |  |  |  | Average Loans and Leases |  |  |  |  |  |  |  |  |
|  | $32490 | $31410 | $33760 | $40481 | $42893 | End of Period Loans and Leases Outstanding | $34344 | $37407 | $39457 | $40481 | $39239 | $41208 | $43992 | $42893 |
|  | 0.35% | 0.33% | 0.56% | 0.34% | 0.34% | Allowance for Credit Losses Assigned to Loans | 0.48% | 0.40% | 0.36% | 0.34% | 0.35% | 0.34% | 0.32% | 0.34% |
|  |  |  |  |  |  | and Leases to Total Loans and Leases |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  | Nonaccrual Assets |  |  |  |  |  |  |  |  |
|  | $109.3 | $83.6 | $131.7 | $122.3 | $45.9 | Nonaccrual Loans and Leases | $123.8 | $106.5 | $141 | $122.3 | $100.8 | $89.7 | $76.4 | $45.9 |
|  | 8.4 | 3.2 | 0.7 | 3.0 |  | Other Real Estate Owned (OREO) | 1.5 | 0.2 | 0.2 | 3.0 | 0.2 | 0.1 |  |  |
|  | $**117.7** | $**86.8** | $**132.4** | $**125.3** | $**45.9** | ***Total Nonaccrual Assets*** | $**125.3** | $**106.7** | $**141.2** | $**125.3** | $**101.0** | $**89.8** | $**76.4** | $**45.9** |
|  | 0.36% | 0.28% | 0.39% | 0.31% | 0.11% | Nonaccrual Assets to Loans and Leases and OREO | 0.36% | 0.29% | 0.36% | 0.31% | 0.26% | 0.22% | 0.17% | 0.11% |
|  |  |  |  |  |  | Loans and Leases Allowance to Nonaccrual |  |  |  |  |  |  |  |  |
|  | 1.0x | 1.3x | 1.4x | 1.1x | 3.1x | Loans and Leases | 1.3x | 1.4x | 1.0x | 1.1x | 1.4x | 1.5x | 1.8x | 3.1x |
| \* | Upon the January 1, 2020 adoption of ASU 2016-13, Northern Trust increased the allowance for credit losses by $13.7 million, with a corresponding cumulative effect adjustment to decrease retained earnings $10.1 million, net of tax. | Upon the January 1, 2020 adoption of ASU 2016-13, Northern Trust increased the allowance for credit losses by $13.7 million, with a corresponding cumulative effect adjustment to decrease retained earnings $10.1 million, net of tax. | Upon the January 1, 2020 adoption of ASU 2016-13, Northern Trust increased the allowance for credit losses by $13.7 million, with a corresponding cumulative effect adjustment to decrease retained earnings $10.1 million, net of tax. | Upon the January 1, 2020 adoption of ASU 2016-13, Northern Trust increased the allowance for credit losses by $13.7 million, with a corresponding cumulative effect adjustment to decrease retained earnings $10.1 million, net of tax. | Upon the January 1, 2020 adoption of ASU 2016-13, Northern Trust increased the allowance for credit losses by $13.7 million, with a corresponding cumulative effect adjustment to decrease retained earnings $10.1 million, net of tax. | Upon the January 1, 2020 adoption of ASU 2016-13, Northern Trust increased the allowance for credit losses by $13.7 million, with a corresponding cumulative effect adjustment to decrease retained earnings $10.1 million, net of tax. | Upon the January 1, 2020 adoption of ASU 2016-13, Northern Trust increased the allowance for credit losses by $13.7 million, with a corresponding cumulative effect adjustment to decrease retained earnings $10.1 million, net of tax. | Upon the January 1, 2020 adoption of ASU 2016-13, Northern Trust increased the allowance for credit losses by $13.7 million, with a corresponding cumulative effect adjustment to decrease retained earnings $10.1 million, net of tax. | Upon the January 1, 2020 adoption of ASU 2016-13, Northern Trust increased the allowance for credit losses by $13.7 million, with a corresponding cumulative effect adjustment to decrease retained earnings $10.1 million, net of tax. | Upon the January 1, 2020 adoption of ASU 2016-13, Northern Trust increased the allowance for credit losses by $13.7 million, with a corresponding cumulative effect adjustment to decrease retained earnings $10.1 million, net of tax. | Upon the January 1, 2020 adoption of ASU 2016-13, Northern Trust increased the allowance for credit losses by $13.7 million, with a corresponding cumulative effect adjustment to decrease retained earnings $10.1 million, net of tax. | Upon the January 1, 2020 adoption of ASU 2016-13, Northern Trust increased the allowance for credit losses by $13.7 million, with a corresponding cumulative effect adjustment to decrease retained earnings $10.1 million, net of tax. | Upon the January 1, 2020 adoption of ASU 2016-13, Northern Trust increased the allowance for credit losses by $13.7 million, with a corresponding cumulative effect adjustment to decrease retained earnings $10.1 million, net of tax. | Upon the January 1, 2020 adoption of ASU 2016-13, Northern Trust increased the allowance for credit losses by $13.7 million, with a corresponding cumulative effect adjustment to decrease retained earnings $10.1 million, net of tax. |

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** |
| **ASSETS UNDER MANAGEMENT AND CUSTODY** | **ASSETS UNDER MANAGEMENT AND CUSTODY** | **ASSETS UNDER MANAGEMENT AND CUSTODY** | **ASSETS UNDER MANAGEMENT AND CUSTODY** | **ASSETS UNDER MANAGEMENT AND CUSTODY** | **ASSETS UNDER MANAGEMENT AND CUSTODY** | **ASSETS UNDER MANAGEMENT AND CUSTODY** | **ASSETS UNDER MANAGEMENT AND CUSTODY** | **ASSETS UNDER MANAGEMENT AND CUSTODY** | **ASSETS UNDER MANAGEMENT AND CUSTODY** | **ASSETS UNDER MANAGEMENT AND CUSTODY** | **ASSETS UNDER MANAGEMENT AND CUSTODY** | **ASSETS UNDER MANAGEMENT AND CUSTODY** | **ASSETS UNDER MANAGEMENT AND CUSTODY** |
| **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** | **END OF PERIOD** |
| **($ in Billions)** | **($ in Billions)** | **($ in Billions)** | **($ in Billions)** | **($ in Billions)** | **($ in Billions)** | **($ in Billions)** | **($ in Billions)** | **($ in Billions)** | **($ in Billions)** | **($ in Billions)** | **($ in Billions)** | **($ in Billions)** | **($ in Billions)** |
|  |  |  |  |  |  | 2021 | 2021 | 2021 | 2021 | 2022 | 2022 | 2022 | 2022 |
| 2018 | 2019 | 2020 | 2021 | 2022 |  | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |
|  |  |  |  |  | **<u>Assets Under Management</u>** |  |  |  |  |  |  |  |  |
| $**790.8** | $**917.5** | $**1057.5** | $**1191.0** | $**898.1** | **Asset Servicing** | $**1093.7** | $**1168.3** | $**1159.5** | $**1191.0** | $**1091.6** | $**950.0** | $**873.7** | $**898.1** |
|  |  |  |  |  | Asset allocation: |  |  |  |  |  |  |  |  |
| 403.3 | 483.8 | 551.7 | 626.6 | 485.0 | Equities | 573.5 | 616.0 | 594.9 | 626.6 | 582.8 | 479.1 | 444.1 | 485.0 |
| 105.3 | 114.6 | 120.1 | 132.6 | 107.1 | Fixed Income Securities | 117.1 | 132.6 | 127.9 | 132.6 | 122.8 | 114.8 | 103.1 | 107.1 |
| 132.4 | 156.1 | 198.8 | 236.2 | 157.7 | Cash and Other Assets | 201.9 | 220.4 | 228.6 | 236.2 | 208.8 | 186.8 | 164.4 | 157.7 |
| 149.8 | 163.0 | 186.9 | 195.6 | 148.3 | Securities Lending Collateral | 201.2 | 199.3 | 208.1 | 195.6 | 177.2 | 169.3 | 162.1 | 148.3 |
| $**278.6** | $**313.8** | $**347.8** | $**416.1** | $**351.4** | **Wealth Management** | $**355.4** | $**371.1** | $**372.9** | $**416.1** | $**396.2** | $**352.8** | $**336.2** | $**351.4** |
|  |  |  |  |  | Asset allocation: |  |  |  |  |  |  |  |  |
| 130.9 | 167.0 | 182.0 | 229.9 | 186.3 | Equities | 196.1 | 211.8 | 211.5 | 229.9 | 218.1 | 185.0 | 171.0 | 186.3 |
| 73.0 | 79.2 | 84.7 | 83.5 | 79.4 | Fixed Income Securities | 81.8 | 82.3 | 82.7 | 83.5 | 81.6 | 80.1 | 79.5 | 79.4 |
| 74.6 | 67.5 | 81.1 | 102.7 | 85.7 | Cash and Other Assets | 77.5 | 77.0 | 78.7 | 102.7 | 96.5 | 87.7 | 85.7 | 85.7 |
| 0.1 | 0.1 |  |  |  | Securities Lending Collateral |  |  |  |  |  |  |  |  |
| $**1069.4** | $**1231.3** | $**1405.3** | $**1607.1** | $**1249.5** | ***Total Assets Under Management*** | $**1449.1** | $**1539.4** | $**1532.4** | $**1607.1** | $**1487.8** | $**1302.8** | $**1209.9** | $**1249.5** |
|  |  |  |  |  | Asset allocation: |  |  |  |  |  |  |  |  |
| $534.2 | $650.8 | $733.7 | $856.5 | $671.3 | Equities | $769.6 | $827.8 | $806.4 | $856.5 | $800.9 | $664.1 | $615.1 | $671.3 |
| 178.3 | 193.8 | 204.8 | 216.1 | 186.5 | Fixed Income Securities | 198.9 | 214.9 | 210.6 | 216.1 | 204.4 | 194.9 | 182.6 | 186.5 |
| 207.0 | 223.6 | 279.9 | 338.9 | 243.4 | Cash and Other Assets | 279.4 | 297.4 | 307.3 | 338.9 | 305.3 | 274.5 | 250.1 | 243.4 |
| 149.9 | 163.1 | 186.9 | 195.6 | 148.3 | Securities Lending Collateral | 201.2 | 199.3 | 208.1 | 195.6 | 177.2 | 169.3 | 162.1 | 148.3 |
|  |  |  |  |  | **<u>Assets Under Custody / Administration</u>** |  |  |  |  |  |  |  |  |
| $9490.5 | $11311.6 | $13653.1 | $15183.2 | $12705.5 | Asset Servicing | $13876.3 | $14754.1 | $14800.2 | $15183.2 | $14513.0 | $12812.2 | $11954.0 | $12705.5 |
| 634.8 | 738.8 | 879.4 | 1065.6 | 898.5 | Wealth Management | 918.8 | 973.0 | 976.0 | 1065.6 | 1031.1 | 921.5 | 868.0 | 898.5 |
| $**10125.3** | $**12050.4** | $**14532.5** | $**16248.8** | $**13604.0** | ***Total Assets Under Custody / Administration*** | $**14795.1** | $**15727.1** | $**15776.2** | $**16248.8** | $**15544.1** | $**13733.7** | $**12822.0** | $**13604.0** |
|  |  |  |  |  | **<u>Assets Under Custody</u>** |  |  |  |  |  |  |  |  |
| $**6971.0** | $**8497.8** | $**10387.7** | $**11554.8** | $**9712.3** | **Asset Servicing** | $**10618.0** | $**11260.8** | $**11283.6** | $**11554.8** | $**10987.5** | $**9771.2** | $**9125.5** | $**9712.3** |
|  |  |  |  |  | Asset allocation: |  |  |  |  |  |  |  |  |
| 3043.0 | 3866.6 | 4751.0 | 5404.3 | 4312.8 | Equities | 5005.7 | 5334.8 | 5298.8 | 5404.3 | 5062.5 | 4272.7 | 3939.7 | 4312.8 |
| 2700.2 | 3102.3 | 3742.6 | 3997.5 | 3252.1 | Fixed Income Securities | 3688.4 | 3892.9 | 3908.3 | 3997.5 | 3768.9 | 3378.8 | 3157.1 | 3252.1 |
| 1078.0 | 1365.9 | 1707.2 | 1957.4 | 1999.1 | Cash and Other Assets | 1722.7 | 1833.8 | 1868.4 | 1957.4 | 1978.9 | 1950.4 | 1866.6 | 1999.1 |
| 149.8 | 163.0 | 186.9 | 195.6 | 148.3 | Securities Lending Collateral | 201.2 | 199.3 | 208.1 | 195.6 | 177.2 | 169.3 | 162.1 | 148.3 |
| $**622.9** | $**735.7** | $**875.1** | $**1057.5** | $**892.3** | **Wealth Management** | $**916.2** | $**967.8** | $**962.9** | $**1057.5** | $**1022.9** | $**913.0** | $**860.8** | $**892.3** |
|  |  |  |  |  | Asset allocation: |  |  |  |  |  |  |  |  |
| 336.5 | 432.0 | 542.9 | 644.8 | 497.9 | Equities | 575.0 | 616.3 | 600.7 | 644.8 | 615.2 | 512.8 | 469.3 | 497.9 |
| 122.2 | 134.3 | 128.3 | 142.1 | 134.0 | Fixed Income Securities | 130.3 | 136.7 | 138.2 | 142.1 | 140.5 | 135.0 | 131.6 | 134.0 |
| 164.1 | 169.3 | 203.9 | 270.6 | 260.4 | Cash and Other Assets | 210.9 | 214.8 | 224.0 | 270.6 | 267.2 | 265.2 | 259.9 | 260.4 |
| 0.1 | 0.1 |  |  |  | Securities Lending Collateral |  |  |  |  |  |  |  |  |
| $**7593.9** | $**9233.5** | $**11262.8** | $**12612.3** | $**10604.6** | ***Total Assets Under Custody*** | $**11534.2** | $**12228.6** | $**12246.5** | $**12612.3** | $**12010.4** | $**10684.2** | $**9986.3** | $**10604.6** |
|  |  |  |  |  | Asset allocation: |  |  |  |  |  |  |  |  |
| $3379.5 | $4298.6 | $5293.9 | $6049.1 | $4810.7 | Equities | $5580.7 | $5951.0 | $5899.5 | $6049.1 | $5677.7 | $4785.5 | $4409.0 | $4810.7 |
| 2822.4 | 3236.6 | 3870.9 | 4139.6 | 3386.1 | Fixed Income Securities | 3818.7 | 4029.6 | 4046.5 | 4139.6 | 3909.4 | 3513.8 | 3288.7 | 3386.1 |
| 1242.1 | 1535.2 | 1911.1 | 2228.0 | 2259.5 | Cash and Other Assets | 1933.6 | 2048.7 | 2092.4 | 2228.0 | 2246.1 | 2215.6 | 2126.5 | 2259.5 |
| 149.9 | 163.1 | 186.9 | 195.6 | 148.3 | Securities Lending Collateral | 201.2 | 199.3 | 208.1 | 195.6 | 177.2 | 169.3 | 162.1 | 148.3 |
|  |  |  |  |  | ***Memo*** |  |  |  |  |  |  |  |  |
| $83.5 | $94.2 | $114.0 | $144.9 | $119.9 | WM Global Family Office AUM | $114.3 | $119.7 | $120.4 | $144.9 | $136.6 | $121.9 | $117.1 | $119.9 |
| 405.5 | 474.1 | 600.7 | 742.6 | 614.9 | WM Global Family Office AUC | 635.2 | 675.4 | 668.9 | 742.6 | 720.8 | 642.2 | 598.4 | 614.9 |

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** |
| **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** |
| **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** | **($ in Millions)** |
| Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial measures presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial measures presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial measures presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial measures presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial measures presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial measures presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial measures presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial measures presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial measures presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial measures presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial measures presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial measures presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial measures presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial measures presented on an FTE basis. |
|  |  |  |  |  |  | 2021 | 2021 | 2021 | 2021 | 2022 | 2022 | 2022 | 2022 |
| 2018 | 2019 | 2020 | 2021 | 2022 |  | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |
| $2321.4 | $2499.9 | $1643.5 | $1406.5 | $2877.7 | Interest Income - GAAP | $349.9 | $343.1 | $351.3 | $362.2 | $383.5 | $524.8 | $799.3 | $1170.1 |
| 41.2 | 32.8 | 34.4 | 35.6 | 45.6 | Add: FTE Adjustment | 6.6 | 8.3 | 10.7 | 10.0 | 6.7 | 11.1 | 12.3 | 15.5 |
| 2362.6 | 2532.7 | 1677.9 | 1442.1 | 2923.3 | Interest Income (FTE) - Non-GAAP | 356.5 | 351.4 | 362.0 | 372.2 | 390.2 | 535.9 | 811.6 | 1185.6 |
| 1622.7 | 1677.9 | 1443.2 | 1382.7 | 1887.2 | Net Interest Income - GAAP | 340.1 | 335.6 | 346.4 | 360.6 | 381.0 | 458.7 | 513.0 | 534.5 |
| 41.2 | 32.8 | 34.4 | 35.6 | 45.6 | Add: FTE Adjustment | 6.6 | 8.3 | 10.7 | 10.0 | 6.7 | 11.1 | 12.3 | 15.5 |
| 1663.9 | 1710.7 | 1477.6 | 1418.3 | 1932.8 | Net Interest Income (FTE) - Non-GAAP | 346.7 | 343.9 | 357.1 | 370.6 | 387.7 | 469.8 | 525.3 | 550.0 |
| 5960.2 | 6073.1 | 6100.8 | 6464.5 | 6761.2 | Total Revenue - GAAP | 1583.4 | 1580.3 | 1633.8 | 1667.0 | 1718.7 | 1768.7 | 1754.8 | 1519.0 |
| 41.2 | 32.8 | 34.4 | 35.6 | 45.6 | Add: FTE Adjustment | 6.6 | 8.3 | 10.7 | 10.0 | 6.7 | 11.1 | 12.3 | 15.5 |
| 6001.4 | 6105.9 | 6135.2 | 6500.1 | 6806.8 | Total Revenue (FTE) - Non-GAAP | 1590.0 | 1588.6 | 1644.5 | 1677.0 | 1725.4 | 1779.8 | 1767.1 | 1534.5 |
| 1957.8 | 1944.1 | 1627.6 | 2010.1 | 1766.3 | Income before Income Taxes - GAAP | 495.9 | 486.5 | 518.1 | 509.6 | 510.8 | 540.6 | 524.5 | 190.4 |
| 41.2 | 32.8 | 34.4 | 35.6 | 45.6 | Add: FTE Adjustment | 6.6 | 8.3 | 10.7 | 10.0 | 6.7 | 11.1 | 12.3 | 15.5 |
| 1999.0 | 1976.9 | 1662.0 | 2045.7 | 1811.9 | Income before Income Taxes (FTE) - Non-GAAP | 502.5 | 494.8 | 528.8 | 519.6 | 517.5 | 551.7 | 536.8 | 205.9 |
| 401.4 | 451.9 | 418.3 | 464.8 | 430.3 | Provision for Income Taxes - GAAP | 120.8 | 118.4 | 122.4 | 103.2 | 121.5 | 144.4 | 129.7 | 34.7 |
| 41.2 | 32.8 | 34.4 | 35.6 | 45.6 | Add: FTE Adjustment | 6.6 | 8.3 | 10.7 | 10.0 | 6.7 | 11.1 | 12.3 | 15.5 |
| 442.6 | 484.7 | 452.7 | 500.4 | 475.9 | Provision for Income Taxes (FTE) - Non-GAAP | 127.4 | 126.7 | 133.1 | 113.2 | 128.2 | 155.5 | 142.0 | 50.2 |

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** | **Northern Trust Corporation** |
| **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** | **RECONCILIATION TO FULLY TAXABLE EQUIVALENT** |
| **RATIOS** | **RATIOS** | **RATIOS** | **RATIOS** | **RATIOS** | **RATIOS** | **RATIOS** | **RATIOS** | **RATIOS** | **RATIOS** | **RATIOS** | **RATIOS** | **RATIOS** | **RATIOS** | **RATIOS** |
|  | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial ratios presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial ratios presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial ratios presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial ratios presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial ratios presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial ratios presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial ratios presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial ratios presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial ratios presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial ratios presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial ratios presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial ratios presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial ratios presented on an FTE basis. | Northern Trust presents certain financial measures on a fully taxable equivalent (FTE) basis, which is a non-generally accepted accounting principle (GAAP). Management believes an FTE presentation provides a clearer indication of these financial measures for comparative purposes. <br>Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income, consistent with industry practice. The adjustments are based on the federal income tax rate, where the rate is adjusted for applicable state income taxes, net of related federal tax benefit. When adjusted to an FTE basis, yields on taxable, nontaxable, and partially taxable assets are comparable; however, the adjustment to an FTE basis has no impact on net income. Below is a reconciliation of the financial ratios presented on an FTE basis. |
|  |  |  |  |  |  |  | 2021 | 2021 | 2021 | 2021 | 2022 | 2022 | 2022 | 2022 |
|  | 2018 | 2019 | 2020 | 2021 | 2022 |  | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr |
|  | 32.8% | 32.0% | 26.7% | 31.1% | 26.1% | Profit Margin (pre-tax) - GAAP <sup>(1)</sup> | 31.3% | 30.8% | 31.7% | 30.6% | 29.7% | 30.6% | 29.9% | 12.5% |
|  | 33.3% | 32.4% | 27.1% | 31.5% | 26.6% | Profit Margin (pre-tax) (FTE) - Non-GAAP <sup>(1)</sup> | 31.6% | 31.1% | 32.2% | 31.0% | 30.0% | 31.0% | 30.4% | 13.4% |
|  | 26.1% | 24.6% | 19.8% | 23.9% | 19.8% | Profit Margin (after-tax) - GAAP <sup>(2)</sup> | 23.7% | 23.3% | 24.2% | 24.4% | 22.7% | 22.4% | 22.5% | 10.2% |
|  | 25.9% | 24.4% | 19.7% | 23.8% | 19.6% | Profit Margin (after-tax) (FTE) - Non-GAAP <sup>(2)</sup> | 23.6% | 23.2% | 24.1% | 24.2% | 22.6% | 22.3% | 22.3% | 10.1% |
|  | 20.5% | 23.2% | 25.7% | 23.1% | 24.4% | Effective Tax Rate - GAAP <sup>(3)</sup> | 24.4% | 24.3% | 23.6% | 20.2% | 23.8% | 26.7% | 24.7% | 18.2% |
|  | 22.1% | 24.5% | 27.2% | 24.5% | 26.3% | Effective Tax Rate (FTE) - Non-GAAP <sup>(3)</sup> | 25.4% | 25.6% | 25.2% | 21.8% | 24.8% | 28.2% | 26.4% | 24.4% |
|  | 72.8% | 72.4% | 76.3% | 78.6% | 72.1% | Noninterest Income to Total Revenue - GAAP <sup>(4)</sup> | 78.5% | 78.8% | 78.8% | 78.4% | 77.8% | 74.1% | 70.8% | 64.8% |
|  | 72.3% | 72.0% | 75.9% | 78.2% | 71.6% | Noninterest Income to Total Revenue (FTE) - Non-GAAP <sup>(4)</sup> | 78.2% | 78.4% | 78.3% | 77.9% | 77.5% | 73.6% | 70.3% | 64.2% |
|  | 63.0% | 63.4% | 65.5% | 67.5% | 65.6% | Trust Fees to Total Revenue - GAAP <sup>(5)</sup> | 67.2% | 68.1% | 68.0% | 66.6% | 68.0% | 64.6% | 61.5% | 68.6% |
|  | 62.5% | 63.1% | 65.1% | 67.1% | 65.1% | Trust Fees to Total Revenue (FTE) - Non-GAAP <sup>(5)</sup> | 66.9% | 67.7% | 67.6% | 66.2% | 67.7% | 64.2% | 61.0% | 67.9% |
|  | 1.25% | 1.37% | 1.11% | 0.96% | 1.15% | Net Interest Spread - GAAP <sup>(6)</sup> | 0.97% | 0.94% | 0.95% | 0.96% | 1.03% | 1.25% | 1.33% | 1.17% |
|  | 1.29% | 1.40% | 1.14% | 0.98% | 1.19% | Net Interest Spread (FTE) - Non-GAAP <sup>(6)</sup> | 0.99% | 0.96% | 0.98% | 0.98% | 1.05% | 1.29% | 1.37% | 1.22% |
|  | 1.43% | 1.57% | 1.16% | 0.96% | 1.36% | Net Interest Margin - GAAP <sup>(7)</sup> | 0.98% | 0.95% | 0.95% | 0.96% | 1.03% | 1.31% | 1.54% | 1.58% |
|  | 1.46% | 1.60% | 1.19% | 0.99% | 1.39% | Net Interest Margin (FTE) - Non-GAAP <sup>(7)</sup> | 1.00% | 0.97% | 0.98% | 0.99% | 1.05% | 1.35% | 1.58% | 1.63% |
| <sup>(1)</sup> | Profit margin (pre-tax) is calculated by dividing income before income taxes by total revenue. Profit margin (pre-tax) on an FTE basis is calculated by dividing income before income taxes on an FTE basis by total revenue on an FTE basis. | Profit margin (pre-tax) is calculated by dividing income before income taxes by total revenue. Profit margin (pre-tax) on an FTE basis is calculated by dividing income before income taxes on an FTE basis by total revenue on an FTE basis. | Profit margin (pre-tax) is calculated by dividing income before income taxes by total revenue. Profit margin (pre-tax) on an FTE basis is calculated by dividing income before income taxes on an FTE basis by total revenue on an FTE basis. | Profit margin (pre-tax) is calculated by dividing income before income taxes by total revenue. Profit margin (pre-tax) on an FTE basis is calculated by dividing income before income taxes on an FTE basis by total revenue on an FTE basis. | Profit margin (pre-tax) is calculated by dividing income before income taxes by total revenue. Profit margin (pre-tax) on an FTE basis is calculated by dividing income before income taxes on an FTE basis by total revenue on an FTE basis. | Profit margin (pre-tax) is calculated by dividing income before income taxes by total revenue. Profit margin (pre-tax) on an FTE basis is calculated by dividing income before income taxes on an FTE basis by total revenue on an FTE basis. | Profit margin (pre-tax) is calculated by dividing income before income taxes by total revenue. Profit margin (pre-tax) on an FTE basis is calculated by dividing income before income taxes on an FTE basis by total revenue on an FTE basis. | Profit margin (pre-tax) is calculated by dividing income before income taxes by total revenue. Profit margin (pre-tax) on an FTE basis is calculated by dividing income before income taxes on an FTE basis by total revenue on an FTE basis. | Profit margin (pre-tax) is calculated by dividing income before income taxes by total revenue. Profit margin (pre-tax) on an FTE basis is calculated by dividing income before income taxes on an FTE basis by total revenue on an FTE basis. | Profit margin (pre-tax) is calculated by dividing income before income taxes by total revenue. Profit margin (pre-tax) on an FTE basis is calculated by dividing income before income taxes on an FTE basis by total revenue on an FTE basis. | Profit margin (pre-tax) is calculated by dividing income before income taxes by total revenue. Profit margin (pre-tax) on an FTE basis is calculated by dividing income before income taxes on an FTE basis by total revenue on an FTE basis. | Profit margin (pre-tax) is calculated by dividing income before income taxes by total revenue. Profit margin (pre-tax) on an FTE basis is calculated by dividing income before income taxes on an FTE basis by total revenue on an FTE basis. | Profit margin (pre-tax) is calculated by dividing income before income taxes by total revenue. Profit margin (pre-tax) on an FTE basis is calculated by dividing income before income taxes on an FTE basis by total revenue on an FTE basis. | Profit margin (pre-tax) is calculated by dividing income before income taxes by total revenue. Profit margin (pre-tax) on an FTE basis is calculated by dividing income before income taxes on an FTE basis by total revenue on an FTE basis. |
| <sup>(2)</sup> | Profit margin (after-tax) is calculated by dividing net income by total revenue. Profit margin (after-tax) on an FTE basis is calculated by dividing net income by total revenue on an FTE basis. | Profit margin (after-tax) is calculated by dividing net income by total revenue. Profit margin (after-tax) on an FTE basis is calculated by dividing net income by total revenue on an FTE basis. | Profit margin (after-tax) is calculated by dividing net income by total revenue. Profit margin (after-tax) on an FTE basis is calculated by dividing net income by total revenue on an FTE basis. | Profit margin (after-tax) is calculated by dividing net income by total revenue. Profit margin (after-tax) on an FTE basis is calculated by dividing net income by total revenue on an FTE basis. | Profit margin (after-tax) is calculated by dividing net income by total revenue. Profit margin (after-tax) on an FTE basis is calculated by dividing net income by total revenue on an FTE basis. | Profit margin (after-tax) is calculated by dividing net income by total revenue. Profit margin (after-tax) on an FTE basis is calculated by dividing net income by total revenue on an FTE basis. | Profit margin (after-tax) is calculated by dividing net income by total revenue. Profit margin (after-tax) on an FTE basis is calculated by dividing net income by total revenue on an FTE basis. | Profit margin (after-tax) is calculated by dividing net income by total revenue. Profit margin (after-tax) on an FTE basis is calculated by dividing net income by total revenue on an FTE basis. | Profit margin (after-tax) is calculated by dividing net income by total revenue. Profit margin (after-tax) on an FTE basis is calculated by dividing net income by total revenue on an FTE basis. | Profit margin (after-tax) is calculated by dividing net income by total revenue. Profit margin (after-tax) on an FTE basis is calculated by dividing net income by total revenue on an FTE basis. | Profit margin (after-tax) is calculated by dividing net income by total revenue. Profit margin (after-tax) on an FTE basis is calculated by dividing net income by total revenue on an FTE basis. | Profit margin (after-tax) is calculated by dividing net income by total revenue. Profit margin (after-tax) on an FTE basis is calculated by dividing net income by total revenue on an FTE basis. | Profit margin (after-tax) is calculated by dividing net income by total revenue. Profit margin (after-tax) on an FTE basis is calculated by dividing net income by total revenue on an FTE basis. | Profit margin (after-tax) is calculated by dividing net income by total revenue. Profit margin (after-tax) on an FTE basis is calculated by dividing net income by total revenue on an FTE basis. |
| <sup>(3)</sup> | Effective tax rate is calculated by dividing the provision for income taxes by income before income taxes. Effective tax rate on an FTE basis is calculated by dividing the provision for income taxes on an FTE basis by income before income taxes on an FTE basis. | Effective tax rate is calculated by dividing the provision for income taxes by income before income taxes. Effective tax rate on an FTE basis is calculated by dividing the provision for income taxes on an FTE basis by income before income taxes on an FTE basis. | Effective tax rate is calculated by dividing the provision for income taxes by income before income taxes. Effective tax rate on an FTE basis is calculated by dividing the provision for income taxes on an FTE basis by income before income taxes on an FTE basis. | Effective tax rate is calculated by dividing the provision for income taxes by income before income taxes. Effective tax rate on an FTE basis is calculated by dividing the provision for income taxes on an FTE basis by income before income taxes on an FTE basis. | Effective tax rate is calculated by dividing the provision for income taxes by income before income taxes. Effective tax rate on an FTE basis is calculated by dividing the provision for income taxes on an FTE basis by income before income taxes on an FTE basis. | Effective tax rate is calculated by dividing the provision for income taxes by income before income taxes. Effective tax rate on an FTE basis is calculated by dividing the provision for income taxes on an FTE basis by income before income taxes on an FTE basis. | Effective tax rate is calculated by dividing the provision for income taxes by income before income taxes. Effective tax rate on an FTE basis is calculated by dividing the provision for income taxes on an FTE basis by income before income taxes on an FTE basis. | Effective tax rate is calculated by dividing the provision for income taxes by income before income taxes. Effective tax rate on an FTE basis is calculated by dividing the provision for income taxes on an FTE basis by income before income taxes on an FTE basis. | Effective tax rate is calculated by dividing the provision for income taxes by income before income taxes. Effective tax rate on an FTE basis is calculated by dividing the provision for income taxes on an FTE basis by income before income taxes on an FTE basis. | Effective tax rate is calculated by dividing the provision for income taxes by income before income taxes. Effective tax rate on an FTE basis is calculated by dividing the provision for income taxes on an FTE basis by income before income taxes on an FTE basis. | Effective tax rate is calculated by dividing the provision for income taxes by income before income taxes. Effective tax rate on an FTE basis is calculated by dividing the provision for income taxes on an FTE basis by income before income taxes on an FTE basis. | Effective tax rate is calculated by dividing the provision for income taxes by income before income taxes. Effective tax rate on an FTE basis is calculated by dividing the provision for income taxes on an FTE basis by income before income taxes on an FTE basis. | Effective tax rate is calculated by dividing the provision for income taxes by income before income taxes. Effective tax rate on an FTE basis is calculated by dividing the provision for income taxes on an FTE basis by income before income taxes on an FTE basis. | Effective tax rate is calculated by dividing the provision for income taxes by income before income taxes. Effective tax rate on an FTE basis is calculated by dividing the provision for income taxes on an FTE basis by income before income taxes on an FTE basis. |
| <sup>(4)</sup> | Noninterest income to total revenue is calculated by dividing noninterest income by total revenue. Noninterest income to total revenue on an FTE basis is calculated by dividing noninterest income by total revenue on an FTE basis. | Noninterest income to total revenue is calculated by dividing noninterest income by total revenue. Noninterest income to total revenue on an FTE basis is calculated by dividing noninterest income by total revenue on an FTE basis. | Noninterest income to total revenue is calculated by dividing noninterest income by total revenue. Noninterest income to total revenue on an FTE basis is calculated by dividing noninterest income by total revenue on an FTE basis. | Noninterest income to total revenue is calculated by dividing noninterest income by total revenue. Noninterest income to total revenue on an FTE basis is calculated by dividing noninterest income by total revenue on an FTE basis. | Noninterest income to total revenue is calculated by dividing noninterest income by total revenue. Noninterest income to total revenue on an FTE basis is calculated by dividing noninterest income by total revenue on an FTE basis. | Noninterest income to total revenue is calculated by dividing noninterest income by total revenue. Noninterest income to total revenue on an FTE basis is calculated by dividing noninterest income by total revenue on an FTE basis. | Noninterest income to total revenue is calculated by dividing noninterest income by total revenue. Noninterest income to total revenue on an FTE basis is calculated by dividing noninterest income by total revenue on an FTE basis. | Noninterest income to total revenue is calculated by dividing noninterest income by total revenue. Noninterest income to total revenue on an FTE basis is calculated by dividing noninterest income by total revenue on an FTE basis. | Noninterest income to total revenue is calculated by dividing noninterest income by total revenue. Noninterest income to total revenue on an FTE basis is calculated by dividing noninterest income by total revenue on an FTE basis. | Noninterest income to total revenue is calculated by dividing noninterest income by total revenue. Noninterest income to total revenue on an FTE basis is calculated by dividing noninterest income by total revenue on an FTE basis. | Noninterest income to total revenue is calculated by dividing noninterest income by total revenue. Noninterest income to total revenue on an FTE basis is calculated by dividing noninterest income by total revenue on an FTE basis. | Noninterest income to total revenue is calculated by dividing noninterest income by total revenue. Noninterest income to total revenue on an FTE basis is calculated by dividing noninterest income by total revenue on an FTE basis. | Noninterest income to total revenue is calculated by dividing noninterest income by total revenue. Noninterest income to total revenue on an FTE basis is calculated by dividing noninterest income by total revenue on an FTE basis. | Noninterest income to total revenue is calculated by dividing noninterest income by total revenue. Noninterest income to total revenue on an FTE basis is calculated by dividing noninterest income by total revenue on an FTE basis. |
| <sup>(5)</sup> | Trust fees to total revenue is calculated by dividing total trust, investment and other servicing fees by total revenue. Trust fees to total revenue on an FTE basis is calculated by dividing total trust, investment and other servicing fees by total revenue on an FTE basis. | Trust fees to total revenue is calculated by dividing total trust, investment and other servicing fees by total revenue. Trust fees to total revenue on an FTE basis is calculated by dividing total trust, investment and other servicing fees by total revenue on an FTE basis. | Trust fees to total revenue is calculated by dividing total trust, investment and other servicing fees by total revenue. Trust fees to total revenue on an FTE basis is calculated by dividing total trust, investment and other servicing fees by total revenue on an FTE basis. | Trust fees to total revenue is calculated by dividing total trust, investment and other servicing fees by total revenue. Trust fees to total revenue on an FTE basis is calculated by dividing total trust, investment and other servicing fees by total revenue on an FTE basis. | Trust fees to total revenue is calculated by dividing total trust, investment and other servicing fees by total revenue. Trust fees to total revenue on an FTE basis is calculated by dividing total trust, investment and other servicing fees by total revenue on an FTE basis. | Trust fees to total revenue is calculated by dividing total trust, investment and other servicing fees by total revenue. Trust fees to total revenue on an FTE basis is calculated by dividing total trust, investment and other servicing fees by total revenue on an FTE basis. | Trust fees to total revenue is calculated by dividing total trust, investment and other servicing fees by total revenue. Trust fees to total revenue on an FTE basis is calculated by dividing total trust, investment and other servicing fees by total revenue on an FTE basis. | Trust fees to total revenue is calculated by dividing total trust, investment and other servicing fees by total revenue. Trust fees to total revenue on an FTE basis is calculated by dividing total trust, investment and other servicing fees by total revenue on an FTE basis. | Trust fees to total revenue is calculated by dividing total trust, investment and other servicing fees by total revenue. Trust fees to total revenue on an FTE basis is calculated by dividing total trust, investment and other servicing fees by total revenue on an FTE basis. | Trust fees to total revenue is calculated by dividing total trust, investment and other servicing fees by total revenue. Trust fees to total revenue on an FTE basis is calculated by dividing total trust, investment and other servicing fees by total revenue on an FTE basis. | Trust fees to total revenue is calculated by dividing total trust, investment and other servicing fees by total revenue. Trust fees to total revenue on an FTE basis is calculated by dividing total trust, investment and other servicing fees by total revenue on an FTE basis. | Trust fees to total revenue is calculated by dividing total trust, investment and other servicing fees by total revenue. Trust fees to total revenue on an FTE basis is calculated by dividing total trust, investment and other servicing fees by total revenue on an FTE basis. | Trust fees to total revenue is calculated by dividing total trust, investment and other servicing fees by total revenue. Trust fees to total revenue on an FTE basis is calculated by dividing total trust, investment and other servicing fees by total revenue on an FTE basis. | Trust fees to total revenue is calculated by dividing total trust, investment and other servicing fees by total revenue. Trust fees to total revenue on an FTE basis is calculated by dividing total trust, investment and other servicing fees by total revenue on an FTE basis. |
| <sup>(6)</sup> | Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). Net interest spread on an FTE basis is calculated as the difference between the interest rate earned (annualized interest income on an FTE basis divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). | Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). Net interest spread on an FTE basis is calculated as the difference between the interest rate earned (annualized interest income on an FTE basis divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). | Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). Net interest spread on an FTE basis is calculated as the difference between the interest rate earned (annualized interest income on an FTE basis divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). | Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). Net interest spread on an FTE basis is calculated as the difference between the interest rate earned (annualized interest income on an FTE basis divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). | Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). Net interest spread on an FTE basis is calculated as the difference between the interest rate earned (annualized interest income on an FTE basis divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). | Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). Net interest spread on an FTE basis is calculated as the difference between the interest rate earned (annualized interest income on an FTE basis divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). | Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). Net interest spread on an FTE basis is calculated as the difference between the interest rate earned (annualized interest income on an FTE basis divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). | Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). Net interest spread on an FTE basis is calculated as the difference between the interest rate earned (annualized interest income on an FTE basis divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). | Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). Net interest spread on an FTE basis is calculated as the difference between the interest rate earned (annualized interest income on an FTE basis divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). | Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). Net interest spread on an FTE basis is calculated as the difference between the interest rate earned (annualized interest income on an FTE basis divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). | Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). Net interest spread on an FTE basis is calculated as the difference between the interest rate earned (annualized interest income on an FTE basis divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). | Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). Net interest spread on an FTE basis is calculated as the difference between the interest rate earned (annualized interest income on an FTE basis divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). | Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). Net interest spread on an FTE basis is calculated as the difference between the interest rate earned (annualized interest income on an FTE basis divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). | Net interest spread is calculated as the difference between the interest rate earned (annualized interest income divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). Net interest spread on an FTE basis is calculated as the difference between the interest rate earned (annualized interest income on an FTE basis divided by average interest-earning assets) and the interest rate incurred (annualized interest expense divided by average interest-related funds). |
| <sup>(7)</sup> | Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest margin on an FTE basis is calculated by dividing annualized net interest income on an FTE basis by average interest-earning assets. | Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest margin on an FTE basis is calculated by dividing annualized net interest income on an FTE basis by average interest-earning assets. | Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest margin on an FTE basis is calculated by dividing annualized net interest income on an FTE basis by average interest-earning assets. | Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest margin on an FTE basis is calculated by dividing annualized net interest income on an FTE basis by average interest-earning assets. | Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest margin on an FTE basis is calculated by dividing annualized net interest income on an FTE basis by average interest-earning assets. | Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest margin on an FTE basis is calculated by dividing annualized net interest income on an FTE basis by average interest-earning assets. | Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest margin on an FTE basis is calculated by dividing annualized net interest income on an FTE basis by average interest-earning assets. | Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest margin on an FTE basis is calculated by dividing annualized net interest income on an FTE basis by average interest-earning assets. | Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest margin on an FTE basis is calculated by dividing annualized net interest income on an FTE basis by average interest-earning assets. | Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest margin on an FTE basis is calculated by dividing annualized net interest income on an FTE basis by average interest-earning assets. | Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest margin on an FTE basis is calculated by dividing annualized net interest income on an FTE basis by average interest-earning assets. | Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest margin on an FTE basis is calculated by dividing annualized net interest income on an FTE basis by average interest-earning assets. | Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest margin on an FTE basis is calculated by dividing annualized net interest income on an FTE basis by average interest-earning assets. | Net interest margin is calculated by dividing annualized net interest income by average interest-earning assets. Net interest margin on an FTE basis is calculated by dividing annualized net interest income on an FTE basis by average interest-earning assets. |

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