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Northern Trust Corp's credit losses provision for the three months ended in Dec. 2014 was $3 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2014 was $6 Mil.
Northern Trust Corp's quarterly credit losses provision stayed the same from Jun. 2014 ($0 Mil) to Sep. 2014 ($0 Mil) but then increased from Sep. 2014 ($0 Mil) to Dec. 2014 ($3 Mil).
Northern Trust Corp's annual credit losses provision declined from Dec. 2012 ($25 Mil) to Dec. 2013 ($20 Mil) and declined from Dec. 2013 ($20 Mil) to Dec. 2014 ($6 Mil).
For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.
Northern Trust Corp Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2014 was 3 (Mar. 2014 ) + 0 (Jun. 2014 ) + 0 (Sep. 2014 ) + 3 (Dec. 2014 ) = $6 Mil.
Northern Trust Corp Annual Data
Northern Trust Corp Quarterly Data