Northern Trust (BSP:N1TR34) Net Charge Offs to Average Loans % : 0.00% (As of . 20)

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What is Northern Trust Net Charge Offs to Average Loans %?

Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.

The historical rank and industry rank for Northern Trust's Net Charge Offs to Average Loans % or its related term are showing as below:

BSP:N1TR34's Net Charge Offs to Average Loans % is not ranked ^*
in the Asset Management industry.
Industry Median:
* Ranked among companies with meaningful Net Charge Offs to Average Loans % only.

Northern Trust Net Charge Offs to Average Loans % Historical Data

The historical data trend for Northern Trust's Net Charge Offs to Average Loans % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Northern Trust Net Charge Offs to Average Loans % Chart

Northern Trust (BSP:N1TR34) Net Charge Offs to Average Loans % Calculation

Net Charge Offs to Average Loans % is calculated as

Net Charge Offs to Average Loans %

Net Charge-offs

Average Total Loans

Northern Trust (BSP:N1TR34) Net Charge Offs to Average Loans % Explanation

A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.

Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.

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Northern Trust (BSP:N1TR34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Northern Trust Corp (BSP:N1TR34) » Definitions » Net Charge Offs to Average Loans %

Comparable Companies

Traded in Other Exchanges

NTRSO.PFD:USA NTRS:USA NT4:Germany

Address

50 South La Salle Street, Chicago, IL, USA, 60603

Website

https://www.northerntrust.com

Northern Trust is a leading provider of wealth management, asset servicing, asset management, and banking to corporations, institutions, affluent families, and individuals. Founded in Chicago in 1889, Northern Trust has offices in 20 states and Washington, D.C. as well as 23 locations in Canada, Europe, the Middle East, and Asia-Pacific. As of Dec. 31, 2022, Northern Trust had assets under custody or administration of $13.6 trillion and assets under management of $1.2 trillion.

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