$STT

STATE STREET CORP

CIK:0000093751|SEC Filings
v3.26.1
CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Fee revenue:    
Servicing fees $ 1,409 $ 1,275
Management fees 724 587
Foreign exchange trading services 435 337
Securities finance 116 114
Software services 169 158
Other fee revenue 107 99
Total fee revenue 2,960 2,570
Net interest income:    
Interest income 2,651 2,922
Interest expense 1,816 2,208
Net interest income 835 714
Other income:    
Gains from sales of available-for-sale securities, net 1 0
Total other income 1 0
Total revenue 3,796 3,284
Provision for credit losses 16 12
Expenses:    
Compensation and employee benefits 1,441 1,262
Information systems and communications 637 497
Transaction processing services 283 258
Occupancy 101 103
Other 349 330
Total expenses 2,811 2,450
Income before income tax expense 969 822
Income tax expense 205 178
Net income 764 644
Net income available to common shareholders, basic 705 597
Net income available to common shareholders, diluted $ 705 $ 597
Earnings per common share:    
Basic (in USD per share) $ 2.53 $ 2.07
Diluted (in USD per share) $ 2.49 $ 2.04
Average common shares outstanding (in thousands):    
Basic (in shares) 278,434 288,562
Diluted (in shares) 282,874 292,716
Cash dividends declared (in USD per share) $ 0.84 $ 0.76