The company said its diluted earnings per share (EPS) for Q4 2023 was $0.55, or $2.04 excluding notable items. Net income for Q4 was $210 million, down 71% from $733 million a year earlier.

1. 01

   The company said its diluted earnings per share (EPS) for Q4 2023 was $0.55, or $2.04 excluding notable items. Net income for Q4 was $210 million, down 71% from $733 million a year earlier.

2. 02

   State Street said notable items for Q4 totaled $620 million pre-tax, including the FDIC special assessment of $387 million and net repositioning charges of $203 million. Total expenses rose 25% from a year earlier, and 2% excluding notable items.

3. 03

   The company said total fee revenue for Q4 was $2,365 million, flat from a year earlier, while net interest income was $678 million, down 14% from a year earlier. It said net interest income rose 9% from the prior quarter.

4. 04

   State Street said it returned a total of $709 million to common shareholders in Q4, consisting of $500 million in common share repurchases and $209 million in declared common stock dividends ($0.69 per share). It also announced a new common share repurchase authorization of up to $5 billion, with no set expiration date.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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