Northern Trust Strength and Stability

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Northern Trust Strength and Stability

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Ready, Willing and Stable
Even as financial institutions around the globe faced extraordinary market conditions in 2008, Northern Trust's time-tested, conservative risk management contributed to record fourth quarter performance. Northern Trust has navigated numerous economic cycles, and we stand "ready, willing and stable" to support our clients' unique needs.

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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