Northern Trust Announces Proposed Capital Actions

CHICAGO--()--Northern Trust Corporation (Nasdaq: NTRS) today announced that it received no objections from the Federal Reserve to the proposed capital actions contained in its 2015 Capital Plan.

Northern Trust’s Capital Plan, which was approved by its Board of Directors prior to submission to the Federal Reserve, requested authority to increase its quarterly common stock dividend to $0.36 per share from $0.33 per share, effective in the second quarter of 2015. At its April 21, 2015, meeting, Northern Trust’s Board of Directors will consider formal approval of the planned dividend increase, which is expected to be payable July 1, 2015.

In addition, Northern Trust’s Capital Plan provides for the repurchase of up to $675 million of its common stock through the open market or in privately negotiated transactions between April 2015 and June 2016. The timing of the common stock repurchases and the exact number of shares repurchased will depend on various factors, including Northern Trust’s capital position, internal capital generation, market conditions, and other investment opportunities.

“We are pleased to propose increasing our distributions to shareholders while maintaining Northern Trust’s strong capital position and conservative risk profile,” Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell said. “We believe our Capital Plan and proposed capital distributions demonstrate the strength of Northern Trust’s focused business model, financial position and commitment to shareholders.”

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 offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2014, Northern Trust had assets under custody of US$6 trillion, and assets under management of US$934 billion. For 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

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 http://www.northerntrust.com/disclosures.

Contacts

Northern Trust Corporation
Media Contact:
Doug Holt
312-557-1571
Doug_Holt@ntrs.com
or
Investor Relations:
Bev Fleming
312-444-7811
Beverly_Fleming@ntrs.com
http://www.northerntrust.com

Release Summary

Northern Trust Corporation (Nasdaq: NTRS) today announced that it received no objections from the Federal Reserve to the proposed capital actions contained in its 2015 Capital Plan.

Contacts

Northern Trust Corporation
Media Contact:
Doug Holt
312-557-1571
Doug_Holt@ntrs.com
or
Investor Relations:
Bev Fleming
312-444-7811
Beverly_Fleming@ntrs.com
http://www.northerntrust.com