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Northern Trust Corporation  (NTRS)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


Northern Trust's Effective Tax Rate by quarter

Trends, Rankings, Statistics



NTRS Effective Tax Rate (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Pre-Tax Income Change -23.42 % -17.2 % -18.48 % -13.08 % -62.64 %
Seq. Pre-Tax Income Change -66.43 % -1.45 % -0.74 % 133.19 % -63.7 %
Pre-Tax Income In Millions $145.80 $434.30 $440.70 $444.00 $190.40
Effective Tax Rate 22.43 % 24.52 % 24.71 % 24.64 % 18.22 %
Effective Tax Rate Total Ranking # 738 # 1341 # 1390 # 1398 # 784
Income taxes expenses / -benefit In Millions $32.70 $106.50 $108.90 $109.40 $34.70
Y / Y Income taxes expenses / -benefit Change -5.76 % -17.89 % -24.58 % -9.96 % -66.38 %
Seq. Income taxes expenses / -benefit Change -69.3 % -2.2 % -0.46 % 215.27 % -73.25 %


Commenting fourth Quarter 2023 Effective Tax Rate
Company's effective tax rate in IV. Quarter decreased compare to previous quarter to 22.43 %, below company's average Effective Tax Rate.

Looking into IV. Quarter results within Regional Banks industry 62 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 738, from total ranking in previous quarter at 1341.

NTRS's Effective Tax Rate fourth quarter 2023 Company Ranking
Within: No.
Regional Banks Industry # 63
Financial Sector # 203
Overall # 737

NTRS's Effective Tax Rate Statistics
High Average Low
49.64 % 29.5 % 15.64 %
(June 30, 2008)   (Dec 31 2018)




Other Effective Tax Rate Profitability Ratios
NTRS's Cumulative Effective Tax Rate
Regional Banks Industry Effective Tax Rate Trends and Statistics
Financial Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
NTRS's Effective Tax Rate Profitability versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for NTRS's Competitors
Effective Tax Rate Profit Margin for Northern Trust's Suppliers
Effective Tax Rate Profit Margin for NTRS's Customers

You may also want to know
NTRS's Annual Growth Rates NTRS's Profitability Ratios NTRS's Asset Turnover Ratio NTRS's Dividend Growth
NTRS's Roe NTRS's Valuation Ratios NTRS's Financial Strength Ratios NTRS's Income taxes expenses / -benefit Growth
NTRS's Roa NTRS's Inventory Turnover Ratio NTRS's Growth Rates NTRS's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2023, within Regional Banks Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Amalgamated Financial Corp   35.56 %$ 12.522 $ 35.212 
Ofg Bancorp  31.91 %$ 21.835 $ 68.432 
Midland States Bancorp Inc   31.40 %$ 6.441 $ 20.512 
Flushing Financial Corporation  31.10 %$ 3.655 $ 11.754 
Enterprise Bancorp inc   30.32 %$ 3.441 $ 11.348 
Western Alliance Bancorporation  29.91 %$ 63.100 $ 211.000 
Metrocity Bankshares inc   29.68 %$ 4.790 $ 16.137 
Rbb Bancorp  29.41 %$ 5.029 $ 17.102 
Cb Financial Services Inc   29.18 %$ 5.343 $ 18.308 
Five Star Bancorp  28.72 %$ 4.352 $ 15.151 
Pcb Bancorp  28.47 %$ 2.352 $ 8.260 
Citizens and Northern Corporation  28.05 %$ 1.661 $ 5.922 
First Citizens Bancshares Inc  27.91 %$ 199.000 $ 713.000 
Heritage Commerce Corp  27.81 %$ 5.135 $ 18.463 
Ameris Bancorp  27.05 %$ 24.452 $ 90.386 
East West Bancorp inc   26.98 %$ 88.286 $ 327.239 
Parke Bancorp Inc   26.77 %$ 2.987 $ 11.160 
Metropolitan Bank Holding Corp   26.67 %$ 5.299 $ 19.867 
Baycom Corp  26.63 %$ 2.199 $ 8.257 
Lakeland Bancorp Inc  26.09 %$ 7.083 $ 27.151 
Hbt Financial Inc   25.59 %$ 6.343 $ 24.789 
Old Second Bancorp Inc  25.31 %$ 7.808 $ 30.845 
Wintrust Financial Corp  25.27 %$ 41.763 $ 165.243 
Unity Bancorp inc   25.12 %$ 3.278 $ 13.048 
Bankwell Financial Group Inc   24.75 %$ 6.020 $ 24.321 
Coastal Financial Corporation  24.39 %$ 2.893 $ 11.859 
Connectone Bancorp Inc   24.38 %$ 6.213 $ 25.486 
Triumph Financial Inc   24.29 %$ 3.089 $ 12.716 
Central Valley Community Bancorp  24.10 %$ 3.901 $ 16.185 
First Hawaiian Inc   24.00 %$ 15.001 $ 62.503 




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