Northern Trust Corporation (NASDAQ:NTRS) Q1 2018 Earnings Conference Call Transcript
Apr 17, 2018 • 10:00 am ET
down to 93%. Our C&IS business similarly drove strong year-over-year performance, with pretax income growing 42% versus the prior year, and the pretax margin improving from 29% to 34%, and driving the expense-to-fee ratio down to 108. We are confident in our competitive positioning within growth markets and our ability to continue profitably growing our business.
Before I conclude, as is customary for our first quarter earnings call, we will need to end today's call a bit earlier than in other quarters to allow sufficient time for all of us to get to our annual meeting, which begins at 10:30 A.M. Central Time this morning. Please accept our apologies in the event we have to close off the question-and-answer period earlier than our normal practice. Thank you again for participating in Northern Trust's first quarter earnings conference call today. Mark and I would be happy to answer your questions.
Paula, please open the line.