Northern Trust Corporation Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Announces Net Charge-Offs for the Fourth Quarter Ended December 31, 2016
For the year, total revenue was $4,961.8 million compared to $4,702.6 million a year ago. Income before income taxes was $1,517.1 million compared to $1,465.0 million a year ago. Net income was $1,032.5 million or $4.32 diluted per share compared to $973.8 million or $3.99 diluted per share a year ago. Return on average common equity was 11.87% compared to 11.54% a year ago. Return on average assets was 0.89% compared to 0.88% a year ago. Book value per share was $38.88 compared to $36.27 a year ago.
The company announced net charge-offs of $10.9 million for the fourth quarter ended December 31, 2016.