Northern Trust Corp. Q4 Income Advances 12%

(RTTNews) - Northern Trust Corp. (NTRS) announced earnings for its fourth quarter that increased from last year.

The company said its bottom line climbed to $260.7 million, or $1.11 per share. This was up from $233.4 million, or $0.99 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.8% to $1.25 billion. This was up from $1.16 billion last year.

Northern Trust Corp. earnings at a glance:

-Earnings (Q4): $260.7 Mln. vs. $233.4 Mln. last year. -Earnings Growth (Y-o-Y): 11.7% -EPS (Q4): $1.11 vs. $0.99 last year. -EPS Growth (Y-o-Y): 12.1% -Analysts Estimate: $1.13 -Revenue (Q4): $1.25 Bln vs. $1.16 Bln last year. -Revenue Change (Y-o-Y): 7.8%