State Street Corporation Website

State Street Corporation

NYSE-STT

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Interest Income On Loans

3,941

2,575

1,908

4,088

9,180

10,808

Interest Income, Total

3,941

2,575

1,908

4,088

9,180

10,808

Interest On Deposits

1,375

375

3

1,544

6,421

8,055

Interest Expense, Total

1,375

375

3

1,544

6,421

8,055

Net Interest Income

2,566

2,200

1,905

2,544

2,759

2,753

Trust Income

1,824

1,880

2,053

1,939

1,876

1,979

Gain (Loss) on Sale of Invest. & Securities

-1

4

57

-2

-294

-294

Total Other Non Interest Income

7,367

7,619

8,012

7,667

7,604

7,625

Non Interest Income, Total

9,190

9,503

10,122

9,604

9,186

9,310

Revenues Before Provison For Loan Losses

11,756

11,703

12,027

12,148

11,945

12,063

Provision For Loan Losses

10

88

-33

20

46

57

Total Revenues

11,746

11,615

12,060

12,128

11,899

12,006

Total Revenues % Chg.

-3.1%

-1.1%

3.8%

0.6%

-1.9%

-2.3%

Salaries And Other Employee Benefits

4,208

4,128

4,327

4,130

4,354

4,290

Amort. of Goodwill & Intang. Assets

236

234

245

238

239

239

Occupancy Expense

458

—

—

—

—

—

Selling General & Admin Expenses, Total

1,814

2,305

2,408

2,343

2,458

2,543

Total Other Non Interest Expense

2,131

1,866

1,847

1,947

2,344

2,524

Non Interest Expense, Total

8,847

8,533

8,827

8,658

9,395

9,596

EBT, Excl. Unusual Items

2,899

3,082

3,233

3,470

2,504

2,410

Restructuring Charges

—

—

-110

-133

3

-78

-203

-203

Total Merger & Related Restructuring Charges

—

—

-77

-50

-65

-65

15

15

Asset Writedown

—

—

—

—

—

—

—

—

—

—

Legal Settlements

—

—

—

—

—

—

—

—

EBT, Incl. Unusual Items

2,712

2,899

3,171

3,327

2,316

2,222

Income Tax Expense

470

479

478

553

372

416

Earnings From Continuing Operations

2,242

2,420

2,693

2,774

1,944

1,806

Minority Interest

—

—

—

—

—

—

—

—

—

—

Net Income

2,242

2,420

2,693

2,774

1,944

1,806

Preferred Dividend and Other Adjustments

233

163

121

114

123

163

Net Income to Common Incl Extra Items

2,009

2,257

2,572

2,660

1,821

1,643

Net Income to Common Excl. Extra Items

2,009

2,257

2,572

2,660

1,821

1,643

Total Shares Outstanding

357.4

353.2

366

349

301.9

299.2

Weighted Avg. Shares Outstanding

369.9

352.9

352.6

365.2

322.3

305.4

Weighted Avg. Shares Outstanding Dil

373.7

357.1

358

370.1

326.6

309.5

EPS

5.4

6.4

7.3

7.3

5.6

5.4

EPS Diluted

5.4

6.3

7.2

7.2

5.6

5.3

Effective Tax Rate

17.3%

16.5%

15.1%

16.6%

16.1%

18.7%