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1、2014ANNUAL REPORT TO SHAREHOLDERSNorthern Trust CorporationNORTHERNTRUST.COMNORTHERN TRUST CORPORATION 50 SOUTH LA SALLE STREET|CHICAGO,ILLINOIS 60603NORTHERN TRUST CORPORATION|2014 ANNUAL REPORT TO SHAREHOLDERS20142013PERCENT CHANGEFOR THE YEAR ENDED DECEMBER 31($IN MILLIONS)Revenues(Fully Taxable
2、Equivalent Basis)$4,360.6$4,121.8 6%Net Income 811.8 731.3 11Dividends Declared on Common Stock 311.7 299.2 4Dividends Declared on Preferred Stock 9.5 PER COMMON SHARENet Income Basic$3.34$3.01 11%Net Income Diluted 3.32 2.99 11 Cash Dividends Declared per Common Share 1.30 1.23 6 Book Value End of
3、Period 34.54 33.34 4 Market Price End of Period 67.40 61.89 9 AT YEAR-END($IN MILLIONS)Earning Assets$100,889.8$93,367.2 8%Total Assets 109,946.5 102,947.3 7 Deposits 90,757.0 84,098.1 8 Stockholders Equity 8,448.9 7,912.0 7 AVERAGE BALANCES($IN MILLIONS)Earning Assets$95,947.5$85,628.5 12%Total Ass
4、ets 104,083.5 94,857.7 10 Deposits 84,656.6 75,596.3 12 Stockholders Equity 8,166.5 7,667.7 7 CLIENT ASSETS AT YEAR-END($IN BILLIONS)Assets Under Custody$5,968.8$5,575.7 7%Global Custody Assets 3,458.1 3,248.9 6 Assets Under Management 934.1 884.5 6 FINANCIAL RATIOS AND METRICSReturn on Average Comm
5、on Equity 10.02%9.54%Return on Average Assets 0.78 0.77Dividend Payout Ratio 39.2 41.1Net Interest Margin(Fully Taxable Equivalent Basis)1.08 1.13CONSOLIDATED FINANCIAL HIGHLIGHTSDECEMBER 31,2014DECEMBER 31,2013(c)CAPITAL RATIOS Advanced Approach(a)Standardized Approach(b)Common Equity Tier 1 Capita
6、l to Risk-Weighted Assets End of Period 12.4%12.5%12.9%Tier 1 Capital to Risk-Weighted Assets End of Period 13.2 13.313.4Total Capital to Risk-Weighted Assets End of Period 15.0 15.515.8Tier 1 Leverage Ratio N/A 7.87.9(a)Effective with the second quarter of 2014,Northern Trust exited its parallel ru