NORTHERN TRUST CORPORATION (Exact name of registrant as specified in its charter)

Transcription

1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) April 17, 2018 NORTHERN TRUST CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 50 South LaSalle Street, Chicago, Illinois (Address of principal executive offices) (Zip Code) Registrant s telephone number, including area code (312) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( of this chapter) or Rule 12b- 2 of the Securities Exchange Act of 1934 ( b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

2 Item Regulation FD Disclosure On April 17, 2018 at approximately 10:30 a.m. (CT), Frederick H. Waddell, Chairman of Northern Trust Corporation (the Corporation ), and Michael G. O Grady, President and Chief Executive Officer of the Corporation, spoke at the Corporation s Annual Meeting of Stockholders (the Annual Meeting ) in Chicago. The webcast of the presentation will be available for replay for 30 days from the presentation date and can be accessed from the Investor Relations section of the Corporation s website at Attached as Exhibit 99.1 are the slides that Mr. O Grady presented at the Annual Meeting. The information in this Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act ), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in such filing. Item Financial Statements and Exhibits (d) Exhibits: Exhibit 99.1 Annual Meeting Slides

3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. NORTHERN TRUST CORPORATION (Registrant) Dated: April 17, 2018 By: /s/ Mark M. Bette Mark M. Bette Senior Vice President and Director of Investor Relations

4 EXHIBIT INDEX Number Description 99.1 Annual Meeting Slides

5 1 northerntrust.com 2018 Northern Trust 2018 Annual Meeting of Stockholders NORTHERN TRUST CORPORATION April 17, 2018 Frederick H. Waddell Chairman Reminder: Use of cameras, recording devices, cell phones and other electronic equipment is strictly prohibited. Thank you. Michael G. O Grady President & Chief Executive Officer

6 2 northerntrust.com 2018 Northern Trust 2018 Annual Meeting of Stockholders NORTHERN TRUST CORPORATION April 17, 2018 Frederick H. Waddell Chairman Michael G. O Grady President & Chief Executive Officer

7 3 northerntrust.com 2018 Northern Trust FORWARD-LOOKING STATEMENTS This presentation may include statements which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of Forward- looking statements are identified typically by words or phrases such as believe, expect, anticipate, intend, estimate, project, likely, plan, goal, target, strategy, and similar expressions or future or conditional verbs such as may, will, should, would, and could. Forward-looking statements include statements, other than those related to historical facts, that relate to Northern Trust s financial results and outlook, capital adequacy, dividend policy and share repurchase program, accounting estimates and assumptions, credit quality including allowance levels, future pension plan contributions, effective tax rate, anticipated expense levels, contingent liabilities, acquisitions, strategies, industry trends, and expectations regarding the impact of recent accounting pronouncements and legislation. These statements are based on Northern Trust s current beliefs and expectations of future events or future results, and involve risks and uncertainties that are difficult to predict and subject to change. These statements are also based on assumptions about many important factors, including the factors discussed in Northern Trust s most recent annual report on Form 10-K and other filings with the U.S. Securities and Exchange Commission, all of which are available on Northern Trust s website. We caution you not to place undue reliance on any forward-looking statement as actual results may differ materially from those expressed or implied by forward-looking statements. Northern Trust assumes no obligation to update its forward-looking statements.

8 4 northerntrust.com 2018 Northern Trust Service Relentless drive to provide exceptional service. Expertise Resolving complex challenges with world class capabilities. Integrity Consistently acting with the highest ethics, utmost honesty and unfailing reliability. FOR INSTITUTIONAL & PERSONAL CLIENTS ASSET MANAGEMENT WEALTH MANAGEMENT ASSET SERVICING NORTHERN TRUST CORPORATION

9 5 northerntrust.com 2018 Northern Trust Holistic Solutions WEALTH MANAGEMENT A full array of goals driven holistic wealth management solutions for individuals and families. Goals Assets Family $287 billion TOTAL AUM1 Best Private Bank - Financial Times Group, 2017 IN THE UNITED STATES EIGHT OF THE LAST NINE YEARS Banking Trust & Estate Services Wealth Planning Fiduciary Family Office Investment Management 1 Represents total Wealth Management business AUM as of March 31, 2018.

10 6 northerntrust.com 2018 Northern Trust ASSET SERVICING Delivering best in class asset servicing solutions to institutional clients globally. Custody Fund Services Data Capital Markets Liquidity & Banking Regulatory NORTHERN TRUST SOLUTIONS INDUSTRY- LEADING TECHNOLOGY REGIONAL EXPERTISE $10.1 trillion TOTAL ASSETS UNDER CUSTODY/ADMINISTRATION1 Best Global Custodian - Global Finance, 2017 Investment Managers Sovereign Entities Endowments & Foundations Pensions Fiduciary Managers Alternative Managers CLIENT SEGMENTS 1 Represents total Corporate & Institutional Services business AUC/A as of March 31, 2018.

11 7 northerntrust.com 2018 Northern Trust CORE CAPABILITIES TOTAL AUM As of March 31, 2018 Northern Trust Corporate rankings are based on total worldwide assets under management of $942 bil lion as of December 31, 2016 by Pensions & Investments magazine s 2017 Special Report on the Largest Money Managers. $1.2 trillion TOTAL AUM World s 14th largest ASSET MANAGER ASSET MANAGEMENT A highly respected investment manager, entrusted by sophisticated professional investors and affluent clients worldwide. Other $22B Equity Fixed Income Asset Class $560B Active Passive Style $645B $521B Institutional Wealth & Retail Client Type 75% 25% Cash Management Index Management Quantitative Research Portfolio Construction Manager Selection $584B

12 8 northerntrust.com 2018 Northern Trust INTEGRATED BUSINESS MODEL Leading businesses focused on investments ASSET MANAGEMENT WEALTH MANAGEMENT ASSET SERVICING OUR CLIENTS

13 9 northerntrust.com 2018 Northern Trust 2017 FINANCIAL PERFORMANCE Trust Fees Revenue Net Income EPS +10% +8% +16% +14% Full Year 2017 vs Full Year 2016

14 10 northerntrust.com 2018 Northern Trust RETURN ON EQUITY 8.6% 9.3% 9.5% 10.0% 11.5% 11.9% 12.6%

15 11 northerntrust.com 2018 Northern Trust $353 $450 $609 $792 $830 $755 CAPITAL RETURNED TO SHAREHOLDERS ($ IN MILLIONS, EXCEPT PER SHARE AMOUNTS) $896 $1.60 $1.48 $1.41 $1.30 $1.23 $1.18 $1.12 Dividends Share repurchases Cash Dividends Declared Per Common Share

16 12 northerntrust.com 2018 Northern Trust 1ST QUARTER 2018 FINANCIAL PERFORMANCE ($ IN MILLIONS, EXCEPT EPS) 1Q18 1Q18 vs. 1Q17 Trust, Inv. & Other Servicing Fees $ % Total Revenue 1, % Net Income % Earnings Per Share % Return on Common Equity 16.0% +4.4pts

17 13 northerntrust.com 2018 Northern Trust +8% +12% +9% FOCUSED ON CREATING VALUE FOR OUR STAKEHOLDERS Relationship-focused strategy Service excellence Improving productivity Investing for long-term growth and profitability ACHIEVE GREATER Clients Partners Shareholders Community

18 14 northerntrust.com 2018 Northern Trust

19