Northern Trust AUM rises 3.5% in quarter, 13% for year

Northern Trust Corp. reported assets under management of $915.4 billion as of March 31, up 3.5% from three months earlier and up 13% from a year ago, according to the company's first-quarter earnings release Tuesday.

Northern Trust's corporate and institutional assets under management increased 5.1% for the first quarter to $698.2 billion as of March 31. Corporate and institutional AUM also increased 15.6% for the year, up from $604.2 billion as of March 31, 2013.

The bank's corporate and institutional assets under custody totaled $5.25 trillion as of March 31, up 3.2% from three months earlier and up 14.9% from a year earlier.

The bank's total revenue for the quarter ended March 31 was $1.04 billion, down 0.9% from the previous quarter, but up 6.2% from the year-earlier quarter, while net income for the first quarter totaled $181.4 million, up 6.9% from the previous quarter and up 10.6% from the first quarter of 2013.