State Street said 2024 EPS was $8.21, up from $5.58 in 2023, and pre-tax margin was 26.1%, up from 19.4% in 2023. It cited higher total revenue and lower total expenses.

1. 01

   State Street said 2024 EPS was $8.21, up from $5.58 in 2023, and pre-tax margin was 26.1%, up from 19.4% in 2023. It cited higher total revenue and lower total expenses.

2. 02

   The company said total fee revenue in 2024 increased 7% compared to 2023 and net interest income increased 6%. Total revenue increased 9% compared to 2023 and total expenses decreased 1%.

3. 03

   State Street said it returned approximately $2.2 billion to shareholders in 2024 through common share repurchases and common stock dividends, compared to approximately $4.6 billion in 2023. Its standardized CET1 capital ratio was 10.9% as of December 31, 2024, down from 11.6% as of December 31, 2023.

4. 04

   The company said it raised approximately $1.5 billion in net proceeds from the issuance of Series I preferred stock depositary shares in 2024 and approximately $842 million from the Series J issuance. It also redeemed Series D, F and H preferred stock.

Key figures

Fiscal year ended December 31, 2024

Revenue

$13.0B

Net income

$2.7B

EPS

$8.21

Operating cash flow

−$13.2B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.