Northern Trust Corporation Reports 2005 Third Quarter Earnings Of $.67 Per Share, Up 29% From Last Year

Northern Trust announced net income per common share of $.67 for the third quarter, an increase of 29% from $.52 per share a year ago. Net income also increased 29% to $147.7 million, up from $114.7 million earned in the

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Northern Trust announced net income per common share of $.67 for the third quarter, an increase of 29% from $.52 per share a year ago. Net income also increased 29% to $147.7 million, up from $114.7 million earned in the third quarter of last year.

The performance resulted in a return on average common equity of 16.83%.

Double digit revenue growth was driven by an increase in trust, investment and other servicing fees and net interest income.

Northern Trust achieved record assets under custody, which rose 22% to $2.8 trillion, and record assets under management, which increased 14% to $607 billion. Assets under custody include $1.18 trillion of global custody assets, an increase of 41% compared with a year ago.

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