For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region, and 18,100 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.
Our guiding principles not only survived but thrived during the Great Depression, two world wars and the 2008 financial crisis. We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.
As of September 30, 2018, Northern Trust Corporation had:
Michael O’Grady, President and Chief Executive Officer, commented, Northern Trust’s third quarter 2018 performance produced earnings per share growth of 32% compared to last year and a return on average common equity of 15.1%. Trust, investment and other servicing fees, net interest income, and foreign exchange trading income all delivered strong year-over-year growth while the company also produced positive fee and total operating leverage versus last year. During the quarter, we increased our common stock dividend 31% to $0.55 per share and repurchased 2.2 million shares, returning $359.3 million in capital to our common shareholders. Our consistent strategy, focus on attractive growth markets, and long-term relationships position Northern Trust well as we invest for the Company’s continued future success.”