Machine learning predictions based on historical earnings data and price patterns
1-Day Prediction
-2.38%
$181.25
0% positive prob.
5-Day Prediction
-0.60%
$184.55
0% positive prob.
20-Day Prediction
-0.28%
$185.14
0% positive prob.
SEC 8-K filings with transcript text
Jul 16, 2026 · 100% conf.
1D
-2.38%
$181.25
Act: -1.70%
5D
-0.60%
$184.55
Act: -0.78%
20D
-0.28%
$185.14
Act: +2.26%
3 exhibit992-2q26earningsrel.htm
Document
Exhibit 99.2
June 30, 2026
Table of Contents
GAAP-Basis Financial Information:
4-Year Summary of Results 2
Consolidated Results of Operations 3
Consolidated Statement of Condition 5
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis
6
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis - Year-to-Date
7
Selected Average Balances by Currency - Rates Earned and Paid
8
Investment Portfolio Holdings by Asset Class 9
Allowance for Credit Losses 11
Assets Under Custody and/or Administration 12
Assets Under Management 13
Line of Business Information 15
Capital:
Regulatory Capital 16
Reconciliations of Tangible Book Value per Share and Return on Tangible Common Equity 17
Non-GAAP Financial Information:
Reconciliations of Non-GAAP Financial Information
18
Reconciliations of Pre-tax Margin and Return on Tangible Common Equity Excluding Notable Items
21
Reconciliations of Constant Currency FX Impacts 22
This financial information should be read in conjunction with State Street's news release dated July 16, 2026.
(Dollars in millions, except per share amounts, or where otherwise noted)2022202320242025
Year ended December 31:
Total fee revenue$9,606 $9,480 $10,156 $10,980
Net interest income2,544 2,759 2,923 2,960
Other income(2)(294)(79)4
Total revenue12,148 11,945 13,000 13,944
Provision for credit losses20 46 75 59
Total expenses8,801 9,583 9,530 10,154
Income before income tax expense3,327 2,316 3,395 3,731
Income tax expense553 372 708 786
Net income2,774 1,944 2,687 2,945
Net income available to common shareholders$2,660 $1,821 $2,483 $2,717
Per common share:
Diluted earnings per common share$7.19 $5.58 $8.21 $9.40
Average diluted common shares outstanding (in thousands)370,109 326,568 302,226 289,019
Cash dividends declared per common share$2.40 $2.64 $2.90 $3.20
Closing price per share of common stock (at year end)77.57 77.46 98.15 129.01
Average balance sheet:
Investment securities$111,929 $105,765 $104,784 $110,586
Total assets286,430 274,696 311,723 343,505
Total deposits222,874 205,111 225,611 253,002
Ratios and other metrics:
Return on average common equity11.1 %8.2 %11.1 %11.5 %
Return on average tangible common equity(1) 17.4 13.3 17.9 17.9
Pre-tax margin27.4 19.4 26.1 26.8
Pre-tax margin, excluding notable items(2)
28.4 26.4 27.6 29.2
Net interest margin, fully taxable-equivalent basis1.03 1.20 1.10 1.00
Common equity tier 1 ratio(3)(4) 13.6 11.6 10.9 11.6
Tier 1 capital ratio(3)(4) 15.4 13.4 13.2 14.4
Total capital ratio(3)(4) 16.8 15.2 14.8 16.1
Tier 1 leverage ratio(3) 6.0 5.5 5.2 5.5
Supplementary leverage ratio(3) 7.0 6.2 6.2 6.5
Assets under custody and/or administration (in trillions)$36.74 $41.81 $46.56 $53.80
Assets under management (in trillions)3.48 4.13 4.72 5.67
(1) Return on average tangible common equity is calculated by dividing the net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details.
(2) Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of pre-tax margin excluding notable items for details.
(3) The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end.
(4) The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches.
2
Quarters% ChangeYear-to-Date% Change
(Dollars in millions, except per share amounts, or where otherwise noted)1Q252Q253Q254Q251Q262Q262Q26 vs.
vs.
vs.
Fee revenue:
Servicing fees$1,275 $1,304 $1,357 $1,388 $1,409 $1,468 12.6 %4.2 %$2,579 $2,877 11.6 %
Management fees(1) 587 600 664 717 724 772 28.7 6.6 1,187 1,496 26.0
Foreign exchange trading services(1) 337 393 364 350 435 494 25.7 13.6 730 929 27.3
Securities finance114 126 138 127 116 150 19.0 29.3 240 266 10.8
Software services(1) 158 169 167 163 169 166 (1.8)(1.8)327 335 2.4
Other fee revenue(1) 99 127 139 117 107 138 8.7 29.0 226 245 8.4
Total fee revenue2,570 2,719 2,829 2,862 2,960 3,188 17.2 7.7 5,289 6,148 16.2
Net interest income:
Interest income2,922 3,055 2,918 2,749 2,651 2,843 (6.9)7.2 5,977 5,494 (8.1)
Interest expense2,208 2,326 2,203 1,947 1,816 1,983 (14.7)9.2 4,534 3,799 (16.2)
Net interest income714 729 715 802 835 860 18.0 3.0 1,443 1,695 17.5
Other income:
Gains from sales of available-for-sale secur
Apr 17, 2026
3 exhibit992-1q26earningsrel.htm
Document
Exhibit 99.2
March 31, 2026
Table of Contents
GAAP-Basis Financial Information:
4-Year Summary of Results 2
Consolidated Results of Operations 3
Consolidated Statement of Condition 5
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis
6
Selected Average Balances by Currency - Rates Earned and Paid
7
Investment Portfolio Holdings by Asset Class 8
Allowance for Credit Losses 10
Assets Under Custody and/or Administration 11
Assets Under Management 12
Line of Business Information 14
Capital:
Regulatory Capital 15
Reconciliations of Tangible Book Value per Share and Return on Tangible Common Equity 16
Non-GAAP Financial Information:
Reconciliations of Non-GAAP Financial Information
17
Reconciliation of Pre-tax Margin Excluding Notable Items
20
Reconciliations of Constant Currency FX Impacts 21
This financial information should be read in conjunction with State Street's news release dated April 17, 2026.
(Dollars in millions, except per share amounts, or where otherwise noted)2022202320242025
Year ended December 31:
Total fee revenue$9,606 $9,480 $10,156 $10,980
Net interest income2,544 2,759 2,923 2,960
Other income(2)(294)(79)4
Total revenue12,148 11,945 13,000 13,944
Provision for credit losses20 46 75 59
Total expenses8,801 9,583 9,530 10,154
Income before income tax expense3,327 2,316 3,395 3,731
Income tax expense553 372 708 786
Net income2,774 1,944 2,687 2,945
Net income available to common shareholders$2,660 $1,821 $2,483 $2,717
Per common share:
Diluted earnings per common share$7.19 $5.58 $8.21 $9.40
Average diluted common shares outstanding (in thousands)370,109 326,568 302,226 289,019
Cash dividends declared per common share$2.40 $2.64 $2.90 $3.20
Closing price per share of common stock (at year end)77.57 77.46 98.15 129.01
Average balance sheet:
Investment securities$111,929 $105,765 $104,784 $110,586
Total assets286,430 274,696 311,723 343,505
Total deposits222,874 205,111 225,611 253,002
Ratios and other metrics:
Return on average common equity11.1 %8.2 %11.1 %11.5 %
Return on average tangible common equity(1) 17.4 13.3 17.9 17.9
Pre-tax margin27.4 19.4 26.1 26.8
Pre-tax margin, excluding notable items(2)
28.4 26.4 27.6 29.2
Net interest margin, fully taxable-equivalent basis1.03 1.20 1.10 1.00
Common equity tier 1 ratio(3)(4) 13.6 11.6 10.9 11.6
Tier 1 capital ratio(3)(4) 15.4 13.4 13.2 14.4
Total capital ratio(3)(4) 16.8 15.2 14.8 16.1
Tier 1 leverage ratio(3) 6.0 5.5 5.2 5.5
Supplementary leverage ratio(3) 7.0 6.2 6.2 6.5
Assets under custody and/or administration (in trillions)$36.74 $41.81 $46.56 $53.80
Assets under management (in trillions)3.48 4.13 4.72 5.67
(1) Return on average tangible common equity is calculated by dividing the net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details.
(2) Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of pre-tax margin excluding notable items for details.
(3) The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end.
(4) The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches.
2
Quarters% Change
(Dollars in millions, except per share amounts, or where otherwise noted)1Q252Q253Q254Q251Q261Q26 vs.
vs.
Fee revenue:
Servicing fees$1,275 $1,304 $1,357 $1,388 $1,409 10.5 %1.5 %
Management fees(1) 587 600 664 717 724 23.3 1.0
Foreign exchange trading services(1) 337 393 364 350 435 29.1 24.3
Securities finance114 126 138 127 116 1.8 (8.7)
Software services(1) 158 169 167 163 169 7.0 3.7
Other fee revenue(1) 99 127 139 117 107 8.1 (8.5)
Total fee revenue2,570 2,719 2,829 2,862 2,960 15.2 3.4
Net interest income:
Interest income2,922 3,055 2,918 2,749 2,651 (9.3)(3.6)
Interest expense2,208 2,326 2,203 1,947 1,816 (17.8)(6.7)
Net interest income714 729 715 802 835 16.9 4.1
Other income:
Gains from sales of available-for-sale securities, net— — 1 3 1 nm(66.7)
Total other income— — 1 3 1 nm(66.7)
Total revenue3,284 3,448 3,545 3,667 3,796 15.6 3.5
Provision for credit losses12 30 9 8 16 33.3 nm
Expenses:
Compensation and employee benefits1,262 1,280 1,162 1,331 1,441 14.2 8.3
Information systems and communications497 523 517 557 637 28.2 14.4
Transaction processing services258 260 276 256 283 9.7 10.5
Occupancy103
Jan 16, 2026
3 exhibit992-4q25earningsrel.htm
Document
Exhibit 99.2
December 31, 2025
Table of Contents
GAAP-Basis Financial Information:
5-Year Summary of Results 2
Consolidated Results of Operations 3
Consolidated Statement of Condition 5
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis
6
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis - Year-to-Date
7
Selected Average Balances by Currency - Rates Earned and Paid
8
Investment Portfolio Holdings by Asset Class 9
Allowance for Credit Losses 11
Assets Under Custody and/or Administration 12
Assets Under Management 13
Line of Business Information 14
Capital:
Regulatory Capital 15
Reconciliations of Tangible Book Value per Share and Return on Tangible Common Equity 16
Non-GAAP Financial Information:
Reconciliations of Non-GAAP Financial Information
17
Reconciliation of Pre-tax Margin Excluding Notable Items
21
Reconciliations of Constant Currency FX Impacts 22
This financial information should be read in conjunction with State Street's news release dated January 16, 2026.
(Dollars in millions, except per share amounts, or where otherwise noted)20212022202320242025
Year ended December 31:
Total fee revenue$10,012 $9,606 $9,480 $10,156 $10,980
Net interest income1,905 2,544 2,759 2,923 2,960
Other income110 (2)(294)(79)4
Total revenue12,027 12,148 11,945 13,000 13,944
Provision for credit losses(33)20 46 75 59
Total expenses8,889 8,801 9,583 9,530 10,154
Income before income tax expense3,171 3,327 2,316 3,395 3,731
Income tax expense478 553 372 708 786
Net income2,693 2,774 1,944 2,687 2,945
Net income available to common shareholders$2,572 $2,660 $1,821 $2,483 $2,717
Per common share:
Diluted earnings per common share$7.19 $7.19 $5.58 $8.21 $9.40
Average diluted common shares outstanding (in thousands)357,962 370,109 326,568 302,226 289,019
Cash dividends declared per common share$2.18 $2.40 $2.64 $2.90 $3.20
Closing price per share of common stock (at year end)93.00 77.57 77.46 98.15 129.01
Average balance sheet:
Investment securities$111,730 $111,929 $105,765 $104,784 $110,586
Total assets299,743 286,430 274,696 311,723 343,505
Total deposits235,404 222,874 205,111 225,611 253,002
Ratios and other metrics:
Return on average common equity10.7 %%11.1 %%8.2 %%11.1 %%11.5 %%
Return on average tangible common equity(1) 17.2 17.4 13.3 17.9 17.9
Pre-tax margin26.4 27.4 19.4 26.1 26.8
Pre-tax margin, excluding notable items(2)
27.6 28.4 26.4 27.6 29.2
Net interest margin, fully taxable-equivalent basis0.74 1.03 1.20 1.10 1.00
Common equity tier 1 ratio(3)(4) 14.3 13.6 11.6 10.9 11.7
Tier 1 capital ratio(3)(4) 16.1 15.4 13.4 13.2 14.4
Total capital ratio(3)(4) 17.5 16.8 15.2 14.8 16.1
Tier 1 leverage ratio(3) 6.1 6.0 5.5 5.2 5.5
Supplementary leverage ratio(3) 7.4 7.0 6.2 6.2 6.5
Assets under custody and/or administration (in trillions)$43.68 $36.74 $41.81 $46.56 $53.80
Assets under management (in trillions)4.14 3.48 4.13 4.72 5.67
(1) Return on average tangible common equity is calculated by dividing the net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details.
(2) Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of pre-tax margin excluding notable items for details.
(3) The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end.
(4) The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches.
2
Quarters% ChangeYear-to-Date% Change
(Dollars in millions, except per share amounts, or where otherwise noted)1Q242Q243Q244Q241Q252Q253Q254Q254Q25 vs.
vs.
vs.
Fee revenue:
Servicing fees$1,228 $1,239 $1,266 $1,283 $1,275 $1,304 $1,357 $1,388 8.2 %%2.3 %%$5,016 $5,324 6.1 %%
Management fees510 511 527 576 562 562 612 662 14.9 8.2 2,124 2,398 12.9
Foreign exchange trading services331 336 374 360 362 431 416 405 12.5 (2.6)1,401 1,614 15.2
Securities finance96 108 116 118 114 126 138 127 7.6 (8.0)438 505 15.3
Front office software and data144 152 146 197 158 169 167 163 (17.3)(2.4)639 657 2.8
Lending related and other fees63 62 62 62 67 61 60 58 (6.5)(3.3)249 246 (1.2)
Software and processing fees207 214 208 259 225 230 227 221 (14.7)(2.6)888 903 1.7
Other fee revenue50 48 125 66 32 66 79 59 (10.6)(25.3)289 236 (18.3)
Total fee revenue2
Oct 17, 2025
3 exhibit992-3q25earningsrel.htm
Document
Exhibit 99.2
September 30, 2025
Table of Contents
GAAP-Basis Financial Information:
4-Year Summary of Results 2
Consolidated Results of Operations 3
Consolidated Statement of Condition 5
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis
6
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis - Year-to-Date
7
Selected Average Balances by Currency - Rates Earned and Paid
8
Investment Portfolio Holdings by Asset Class 9
Allowance for Credit Losses 11
Assets Under Custody and/or Administration 12
Assets Under Management 13
Line of Business Information 14
Capital:
Regulatory Capital 15
Reconciliations of Tangible Book Value per Share and Return on Tangible Common Equity 16
Non-GAAP Financial Information:
Reconciliations of Non-GAAP Financial Information
17
Reconciliation of Pre-tax Margin Excluding Notable Items
21
Reconciliations of Constant Currency FX Impacts 22
This financial information should be read in conjunction with State Street's news release dated October 17, 2025.
(Dollars in millions, except per share amounts, or where otherwise noted)2021202220232024
Year ended December 31:
Total fee revenue$10,012 $9,606 $9,480 $10,156
Net interest income1,905 2,544 2,759 2,923
Other income110 (2)(294)(79)
Total revenue12,027 12,148 11,945 13,000
Provision for credit losses(33)20 46 75
Total expenses8,889 8,801 9,583 9,530
Income before income tax expense3,171 3,327 2,316 3,395
Income tax expense478 553 372 708
Net income2,693 2,774 1,944 2,687
Net income available to common shareholders$2,572 $2,660 $1,821 $2,483
Per common share:
Diluted earnings per common share$7.19 $7.19 $5.58 $8.21
Average diluted common shares outstanding (in thousands)357,962 370,109 326,568 302,226
Cash dividends declared per common share$2.18 $2.40 $2.64 $2.90
Closing price per share of common stock (at year end)93.00 77.57 77.46 98.15
Average balance sheet:
Investment securities$111,730 $111,929 $105,765 $104,784
Total assets299,743 286,430 274,696 311,723
Total deposits235,404 222,874 205,111 225,611
Ratios and other metrics:
Return on average common equity10.7 %11.1 %8.2 %11.1 %
Return on average tangible common equity(1) 17.2 17.4 13.3 17.9
Pre-tax margin26.4 27.4 19.4 26.1
Pre-tax margin, excluding notable items(2)
27.6 28.4 26.4 27.6
Net interest margin, fully taxable-equivalent basis0.74 1.03 1.20 1.10
Common equity tier 1 ratio(3)(4) 14.3 13.6 11.6 10.9
Tier 1 capital ratio(3)(4) 16.1 15.4 13.4 13.2
Total capital ratio(3)(4) 17.5 16.8 15.2 14.8
Tier 1 leverage ratio(3) 6.1 6.0 5.5 5.2
Supplementary leverage ratio(3) 7.4 7.0 6.2 6.2
Assets under custody and/or administration (in trillions)$43.68 $36.74 $41.81 $46.56
Assets under management (in trillions)4.14 3.48 4.13 4.72
(1) Return on average tangible common equity is calculated by dividing the net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details.
(2) Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of pre-tax margin excluding notable items for details.
(3) The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end.
(4) The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches.
2
Quarters% ChangeYear-to-Date% Change
(Dollars in millions, except per share amounts, or where otherwise noted)1Q242Q243Q244Q241Q252Q253Q253Q25 vs.
vs.
vs.
Fee revenue:
Servicing fees$1,228 $1,239 $1,266 $1,283 $1,275 $1,304 $1,357 7.2 %4.1 %$3,733 $3,936 5.4 %
Management fees510 511 527 576 562 562 612 16.1 8.9 1,548 1,736 12.1
Foreign exchange trading services331 336 374 360 362 431 416 11.2 (3.5)1,041 1,209 16.1
Securities finance96 108 116 118 114 126 138 19.0 9.5 320 378 18.1
Front office software and data144 152 146 197 158 169 167 14.4 (1.2)442 494 11.8
Lending related and other fees63 62 62 62 67 61 60 (3.2)(1.6)187 188 0.5
Software and processing fees207 214 208 259 225 230 227 9.1 (1.3)629 682 8.4
Other fee revenue50 48 125 66 32 66 79 (36.8)19.7223 177 (20.6)
Total fee revenue2,422 2,456 2,616 2,662 2,570 2,719 2,829 8.1 4.0 7,494 8,118 8.3
Net interest income:
Interest income2,889 2,998 3,081 3,009 2,922 3,055 2,918 (5.3)(4.5)8,968 8,895 (0.8)
Interest expense2,173 2,263 2,358 2,260 2,208 2,
Jul 15, 2025
3 exhibit992-2q25earningsrel.htm
Document
Exhibit 99.2
June 30, 2025
Table of Contents
GAAP-Basis Financial Information:
4-Year Summary of Results 2
Consolidated Results of Operations 3
Consolidated Statement of Condition 5
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis
6
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis - Year-to-Date
7
Selected Average Balances by Currency - Rates Earned and Paid
8
Investment Portfolio Holdings by Asset Class 9
Allowance for Credit Losses 11
Assets Under Custody and/or Administration 12
Assets Under Management 13
Line of Business Information 14
Capital:
Regulatory Capital 15
Reconciliations of Tangible Book Value per Share and Return on Tangible Common Equity 16
Non-GAAP Financial Information:
Reconciliations of Non-GAAP Financial Information
17
Reconciliation of Pre-tax Margin Excluding Notable Items
21
Reconciliations of Constant Currency FX Impacts 22
This financial information should be read in conjunction with State Street's news release dated July 15, 2025.
(Dollars in millions, except per share amounts, or where otherwise noted)2021202220232024
Year ended December 31:
Total fee revenue$10,012 $9,606 $9,480 $10,156
Net interest income1,905 2,544 2,759 2,923
Other income110 (2)(294)(79)
Total revenue12,027 12,148 11,945 13,000
Provision for credit losses(33)20 46 75
Total expenses8,889 8,801 9,583 9,530
Income before income tax expense3,171 3,327 2,316 3,395
Income tax expense478 553 372 708
Net income2,693 2,774 1,944 2,687
Net income available to common shareholders$2,572 $2,660 $1,821 $2,483
Per common share:
Diluted earnings per common share$7.19 $7.19 $5.58 $8.21
Average diluted common shares outstanding (in thousands)357,962 370,109 326,568 302,226
Cash dividends declared per common share$2.18 $2.40 $2.64 $2.90
Closing price per share of common stock (at year end)93.00 77.57 77.46 98.15
Average balance sheet:
Investment securities$111,730 $111,929 $105,765 $104,784
Total assets299,743 286,430 274,696 311,723
Total deposits235,404 222,874 205,111 225,611
Ratios and other metrics:
Return on average common equity10.7 %11.1 %8.2 %11.1 %
Return on average tangible common equity(1) 17.2 17.4 13.3 17.9
Pre-tax margin26.4 27.4 19.4 26.1
Pre-tax margin, excluding notable items(2)
27.6 28.4 26.4 27.6
Net interest margin, fully taxable-equivalent basis0.74 1.03 1.20 1.10
Common equity tier 1 ratio(3)(4) 14.3 13.6 11.6 10.9
Tier 1 capital ratio(3)(4) 16.1 15.4 13.4 13.2
Total capital ratio(3)(4) 17.5 16.8 15.2 14.8
Tier 1 leverage ratio(3) 6.1 6.0 5.5 5.2
Supplementary leverage ratio(3) 7.4 7.0 6.2 6.2
Assets under custody and/or administration (in trillions)$43.68 $36.74 $41.81 $46.56
Assets under management (in trillions)4.14 3.48 4.13 4.72
(1) Return on average tangible common equity is calculated by dividing the net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details.
(2) Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of pre-tax margin excluding notable items for details.
(3) The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end.
(4) The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches.
2
Quarters% ChangeYear-to-Date% Change
(Dollars in millions, except per share amounts, or where otherwise noted)1Q242Q243Q244Q241Q252Q252Q25 vs.
vs.
vs.
Fee revenue:
Servicing fees$1,228 $1,239 $1,266 $1,283 $1,275 $1,304 5.2 %2.3 %$2,467 $2,579 4.5 %
Management fees510 511 527 576 562 562 10.0 — 1,021 1,124 10.1
Foreign exchange trading services331 336 374 360 362 431 28.3 19.1 667 793 18.9
Securities finance96 108 116 118 114 126 16.7 10.5 204 240 17.6
Front office software and data144 152 146 197 158 169 11.2 7.0 296 327 10.5
Lending related and other fees63 62 62 62 67 61 (1.6)(9.0)125 128 2.4
Software and processing fees207 214 208 259 225 230 7.5 2.2 421 455 8.1
Other fee revenue50 48 125 66 32 66 37.5 nm98 98 —
Total fee revenue2,422 2,456 2,616 2,662 2,570 2,719 10.7 5.8 4,878 5,289 8.4
Net interest income:
Interest income2,889 2,998 3,081 3,009 2,922 3,055 1.9 4.6 5,887 5,977 1.5
Interest expense2,173 2,263 2,358 2,260 2,208 2,326 2.8 5.3 4,436 4,534 2.2
Net interest income716 735 723 749 714 729 (0.8)
Apr 17, 2025
3 exhibit992-1q25earningsrel.htm
Document
Exhibit 99.2
March 31, 2025
Table of Contents
GAAP-Basis Financial Information:
4-Year Summary of Results 2
Consolidated Results of Operations 3
Consolidated Statement of Condition 5
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis
6
Selected Average Balances by Currency - Rates Earned and Paid
7
Investment Portfolio Holdings by Asset Class8
Allowance for Credit Losses 10
Assets Under Custody and/or Administration 11
Assets Under Management 12
Line of Business Information 13
Capital:
Regulatory Capital 14
Reconciliations of Tangible Book Value per Share and Return on Tangible Common Equity 15
Non-GAAP Financial Information:
Reconciliations of Non-GAAP Financial Information
16
Reconciliation of Pre-tax Margin Excluding Notable Items
19
Reconciliations of Constant Currency FX Impacts 20
This financial information should be read in conjunction with State Street's news release dated April 17, 2025.
(Dollars in millions, except per share amounts, or where otherwise noted)2021202220232024
Year ended December 31:
Total fee revenue$10,012 $9,606 $9,480 $10,156
Net interest income1,905 2,544 2,759 2,923
Other income110 (2)(294)(79)
Total revenue12,027 12,148 11,945 13,000
Provision for credit losses(33)20 46 75
Total expenses8,889 8,801 9,583 9,530
Income before income tax expense3,171 3,327 2,316 3,395
Income tax expense478 553 372 708
Net income2,693 2,774 1,944 2,687
Net income available to common shareholders$2,572 $2,660 $1,821 $2,483
Per common share:
Diluted earnings per common share$7.19 $7.19 $5.58 $8.21
Average diluted common shares outstanding (in thousands)357,962 370,109 326,568 302,226
Cash dividends declared per common share$2.18 $2.40 $2.64 $2.90
Closing price per share of common stock (at year end)93.00 77.57 77.46 98.15
Average balance sheet:
Investment securities$111,730 $111,929 $105,765 $104,784
Total assets299,743 286,430 274,696 311,723
Total deposits235,404 222,874 205,111 225,611
Ratios and other metrics:
Return on average common equity10.7 %11.1 %8.2 %11.1 %
Return on average tangible common equity(1) 17.2 17.4 13.3 17.9
Pre-tax margin26.4 27.4 19.4 26.1
Pre-tax margin, excluding notable items(2)
27.6 28.4 26.4 27.6
Net interest margin, fully taxable-equivalent basis0.74 1.03 1.20 1.10
Common equity tier 1 ratio(3)(4) 14.3 13.6 11.6 10.9
Tier 1 capital ratio(3)(4) 16.1 15.4 13.4 13.2
Total capital ratio(3)(4) 17.5 16.8 15.2 14.8
Tier 1 leverage ratio(3) 6.1 6.0 5.5 5.2
Supplementary leverage ratio(3) 7.4 7.0 6.2 6.2
Assets under custody and/or administration (in trillions)$43.68 $36.74 $41.81 $46.56
Assets under management (in trillions)4.14 3.48 4.13 4.72
(1) Return on average tangible common equity is calculated by dividing the net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details.
(2) Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of pre-tax margin excluding notable items for details.
(3) The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end.
(4) The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches.
2
Quarters% Change
(Dollars in millions, except per share amounts, or where otherwise noted)1Q242Q243Q244Q241Q251Q25 vs.
vs.
Fee revenue:
Servicing fees$1,228 $1,239 $1,266 $1,283 $1,275 3.8 %(0.6)%
Management fees510 511 527 576 562 10.2 (2.4)
Foreign exchange trading services331 336 374 360 362 9.4 0.6
Securities finance96 108 116 118 114 18.8 (3.4)
Front office software and data144 152 146 197 158 9.7 (19.8)
Lending related and other fees63 62 62 62 67 6.3 8.1
Software and processing fees207 214 208 259 225 8.7 (13.1)
Other fee revenue50 48 125 66 32 (36.0)(51.5)
Total fee revenue2,422 2,456 2,616 2,662 2,570 6.1 (3.5)
Net interest income:
Interest income2,889 2,998 3,081 3,009 2,922 1.1 (2.9)
Interest expense2,173 2,263 2,358 2,260 2,208 1.6 (2.3)
Net interest income716 735 723 749 714 (0.3)(4.7)
Other income:
Gains (losses) related to investment securities, net— — (80)1 — — nm
Total other income— — (80)1 — — nm
Total revenue3,138 3,191 3,259 3,412 3,284 4.7 (3.8)
Provision for credit losses27 10 26 12 12 (55.6)—
Expenses:
Compensation and employee benefits1,252 1,099 1,134 1,212 1,
Jan 17, 2025
3 exhibit992-4q24earningsrel.htm
Document
Exhibit 99.2
December 31, 2024
Table of Contents
GAAP-Basis Financial Information:
5-Year Summary of Results 2
Consolidated Results of Operations 3
Consolidated Statement of Condition 5
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis
6
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis - Year-to-Date
7
Selected Average Balances by Currency - Rates Earned and Paid
8
Investment Portfolio Holdings by Asset Class 9
Allowance for Credit Losses 11
Assets Under Custody and/or Administration 12
Assets Under Management 13
Line of Business Information 14
Capital:
Regulatory Capital 15
Reconciliations of Tangible Book Value per Share and Return on Tangible Common Equity 16
Non-GAAP Financial Information:
Reconciliations of Non-GAAP Financial Information
17
Reconciliation of Pre-tax Margin Excluding Notable Items
20
Reconciliations of Constant Currency FX Impacts 21
This financial information should be read in conjunction with State Street's news release dated January 17, 2025.
(Dollars in millions, except per share amounts, or where otherwise noted)20202021202220232024
Year ended December 31:
Total fee revenue$9,499 $10,012 $9,606 $9,480 $10,156
Net interest income2,200 1,905 2,544 2,759 2,923
Other income4 110 (2)(294)(79)
Total revenue11,703 12,027 12,148 11,945 13,000
Provision for credit losses88 (33)20 46 75
Total expenses8,716 8,889 8,801 9,583 9,530
Income before income tax expense2,899 3,171 3,327 2,316 3,395
Income tax expense479 478 553 372 708
Net income2,420 2,693 2,774 1,944 2,687
Net income available to common shareholders$2,257 $2,572 $2,660 $1,821 $2,483
Per common share:
Diluted earnings per common share$6.32 $7.19 $7.19 $5.58 $8.21
Average diluted common shares outstanding (in thousands)357,106 357,962 370,109 326,568 302,226
Cash dividends declared per common share$2.08 $2.18 $2.40 $2.64 $2.90
Closing price per share of common stock (at year end)72.78 93.00 77.57 77.46 98.15
Average balance sheet:
Investment securities$109,175 $111,730 $111,929 $105,765 $104,784
Total assets269,334 299,743 286,430 274,696 311,723
Total deposits193,225 235,404 222,874 205,111 225,611
Ratios and other metrics:
Return on average common equity10.0 %10.7 %11.1 %8.2 %11.1 %
Return on average tangible common equity(1) 16.7 17.2 17.4 13.3 17.9
Pre-tax margin24.8 26.4 27.4 19.4 26.1
Pre-tax margin, excluding notable items(2)
26.3 27.6 28.4 26.4 27.6
Net interest margin, fully taxable-equivalent basis0.97 0.74 1.03 1.20 1.10
Common equity tier 1 ratio(3)(4) 12.3 14.3 13.6 11.6 10.9
Tier 1 capital ratio(3)(4) 14.4 16.1 15.4 13.4 13.2
Total capital ratio(3)(4) 15.3 17.5 16.8 15.2 14.8
Tier 1 leverage ratio(3) 6.4 6.1 6.0 5.5 5.2
Supplementary leverage ratio(3) 8.1 7.4 7.0 6.2 6.2
Assets under custody and/or administration (in trillions)$38.79 $43.68 $36.74 $41.81 $46.56
Assets under management (in trillions)3.47 4.14 3.48 4.13 4.72
(1) Return on average tangible common equity is calculated by dividing the net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details.
(2) Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of pre-tax margin excluding notable items for details.
(3) The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end.
(4) The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches.
2
Quarters% ChangeYear-to-Date% Change
(Dollars in millions, except per share amounts, or where otherwise noted)1Q232Q233Q234Q231Q242Q243Q244Q244Q24 vs.
vs.
vs.
Fee revenue:
Back office services$1,131 $1,164 $1,138 $1,128 $1,136 $1,146 $1,167 $1,184 5.0 %1.5 %$4,561 $4,633 1.6 %
Middle office services86 95 96 84 92 93 99 99 17.9 — 361 383 6.1
Servicing fees1,217 1,259 1,234 1,212 1,228 1,239 1,266 1,283 5.9 1.3 4,922 5,016 1.9
Management fees457 461 479 479 510 511 527 576 20.3 9.3 1,876 2,124 13.2
Foreign exchange trading services342 303 313 307 331 336 374 360 17.3 (3.7)1,265 1,401 10.8
Securities finance109 117 103 97 96 108 116 118 21.6 1.7 426 438 2.8
Front office software and data109 162 130 179 144 152 146 197 10.1 34.9 580 639 10.2
Lending related and other fees56 59 58 58 63 62 62 62 6.9 — 231 249 7.8
Software and processing fees165
This page provides State Street Corporation (STT) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.
Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on STT's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.