| Business Summary | | Northern
Trust
Corporation
is
a
multibank
holding
company
that
owns
all
of
the
outstanding
capital
stock
of
The
Northern
Trust
Company.
The
Company
also
owns
national
or
state
bank
subsidiaries
in
Arizona,
California,
Colorado,
Florida
and
Texas,
a
federal
savings
bank
with
offices
in
Michigan,
Missouri,
Nevada,
Ohio,
Washington
and
Wisconsin,
a
trust
company
in
New
York
and
various
other
nonbank
subsidiaries,
including
an
investment
management
company,
a
securities
brokerage
firm,
an
international
investment
consulting
firm
and
a
retirement
services
company.
The
Company
organizes
client
services
around
two
principal
business
units,
Corporate
and
Institutional
Services
and
Personal
Financial
Services.
Two
other
business
units
provide
services
to
the
two
principal
business
units.
They
are
Northern
Trust
Global
Investments
and
Worldwide
Operations
and
Technology. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NTRS
is
a
Chicago-based
multibank
holding
company.
NTRS
also
owns
various
nonbank
subsidiaries.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
1%
to
$943.1
million.
Net
interest
income
after
loan
loss
prov.
rose
4%
to
$278
million.
Net
income
applicable
to
Com.
rose
10%
to
$256
million.
Net
interest
income
reflects
loan
growth
and
lower
costs
of
deposit
sources.
Earnings
also
benefitted
from
increased
trust
fees
and
treasury
management
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| William Osborn, 53 Chairman,
CEO, Director | $4.8M | $2.1M | Barry Hastings, 53 Pres,
COO, Director | 4.1M | 1.8M | Perry Pero, 61 Vice
Chairman, CFO | 2.5M | 2.6M | Orie Dudley, 56 Exec.
VP, CIO | -- | -- | Harry Short, 53 Exec.
VP, Controller | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|