Northern Trust Corporation reported consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported net interest income of $234.2 million against $271.8 million a year ago. Total revenue was $969.7 million against $955.6 million a year ago. Income before income taxes was $223.2 million against $171.4 million a year ago. Net earnings allocated to common and potential common shares were $165.2 million or $0.69 per basic and diluted share against $128.6 million or $0.53 per basic and diluted share a year ago. Return on average common equity was 8.83% against 7.18% a year ago. Return on average assets was 0.73% against 0.53% a year ago.

For the full year, the company reported net interest income of $990.3 million against $1,009.1 million a year ago. Total revenue was $3,896.1 million against $3,769.9 million a year ago. Income before income taxes was $992.3 million against $883.7 million a year ago. Net earnings allocated to common and potential common shares were $677.3 million or $2.81 per diluted share against $596.5 million or $2.47 per diluted share a year ago. Return on average common equity was 9.34% against 8.59% a year ago. Return on average assets was 0.74% against 0.66% a year ago.

For the quarter ended December 31, 2012, the company's net charge-offs totaled $5.4 million resulting from $16.1 million of charge-offs and $10.7 million of recoveries, compared to $18.2 million of net charge-offs in the prior year quarter resulting from $28.8 million of charge-offs and $10.6 million of recoveries.