Call reports 2023
NORTHWESTERN MUTUAL WEALTH MANAGEMENT COMPANY — 2023
What NORTHWESTERN MUTUAL WEALTH MANAGEMENT COMPANY reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 409,882,000 | 447,176,000 | 482,156,000 | 400,070,000 |
| Total loans | 0 | 0 | 0 | 0 |
| Allowance for loan losses | 0 | 0 | 0 | 0 |
| Securities available for sale | 353,768,000 | 384,526,000 | 417,542,000 | 337,161,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,500,000 | 50,500,000 | 50,500,000 | 50,500,000 |
| Interest-bearing deposits | 50,500,000 | 50,500,000 | 50,500,000 | 50,500,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 283,587,000 | 312,493,000 | 341,726,000 | 255,898,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 3,464,000 | 7,440,000 | 12,181,000 | 17,363,000 |
| Interest expense | 272,000 | 579,000 | 889,000 | 1,199,000 |
| Net interest income | 3,192,000 | 6,861,000 | 11,292,000 | 16,164,000 |
| Noninterest income | 392,950,000 | 815,813,000 | 1,266,865,000 | 1,716,296,000 |
| Noninterest expense | 356,748,000 | 740,757,000 | 1,147,954,000 | 1,555,550,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 39,380,000 | 81,903,000 | 130,189,000 | 176,950,000 |
| Income tax | 9,955,000 | 20,688,000 | 32,911,000 | 45,142,000 |
| Net income | 29,425,000 | 61,215,000 | 97,278,000 | 131,808,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 301,161,000 | 332,951,000 | 369,014,000 | 273,544,000 |
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