READY to proactively help our clients meet their goals by taking a big picture approach
WILLING to go beyond exceptional service, demonstrating agility and delivering world-class resources
STABLE with top-tier credit quality, outstanding capital strength and a strong, liquid balance sheet
Having confidence in your financial institution is of great importance, especially during uncertain times. Below are some highlights of Northern Trust's record of strength and stability:
- Outstanding Financial Results – Northern Trust achieved record levels of operating net income and operating earnings per share in fourth quarter 2008 and an overall strong financial performance in full year 2008.
- Strong Credit Ratings – One of only seven U.S. bank holding companies to be rated "AA- or better" by Standard & Poor's. This rating was reaffirmed on September 29, 2008. Northern Trust Corporation has held its AA- rating for more than 20 years. The long-term debt rating of The Northern Trust Company, the primary subsidiary of Northern Trust Corporation, was upgraded by Standard & Poor's to "AA" from "AA-" on May 30, 2008.
- Consistently Strong Capital Position – The capital ratios of Northern Trust Corporation and The Northern Trust Company continue to be significantly above the ratios that are a requirement for the regulatory classification of "well-capitalized."
- Long Tradition of Lower-Risk, Fee-Based Revenue – Approximately 73% of corporate revenues were derived from fee-based, non-interest related activities in fiscal year 2008. A high predominance of fee-based income is generally viewed as more conducive to stable earnings than a high percentage of net interest income.
- High-Quality Balance Sheet – High liquidity and a low loan-to-asset ratio with loans representing only 39% of total assets (as compared to a peer group — 20 largest U.S. banks — average of 57% as of December 31, 2008). High quality, low-risk securities portfolio with net unrealized losses of only 2% of the total portfolio, in stark contrast to our peer trust banks.
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