AI English summary of an SEC filing — figures as filed
State Street STTState Street said earnings per share for Q1 2025 were 2.04, up 49% from the same period a year earlier. The company cited higher total revenue and lower total expenses, and said the absence of a prior-year FDIC special assessment accounted for 28 percentage points of the increase.
Key points
AI summaryState Street said earnings per share for Q1 2025 were 2.04, up 49% from the same period a year earlier. The company cited higher total revenue and lower total expenses, and said the absence of a prior-year FDIC special assessment accounted for 28 percentage points of the increase.
State Street said total revenue for Q1 2025 increased 5% compared with the same period a year earlier, primarily reflecting higher fee revenue. Total expenses decreased 3%, and the company said the absence of a prior-year notable item accounted for 5 percentage points of the decrease.
State Street said it recorded a provision for credit losses of $12 million for Q1 2025, compared with $27 million in the same period a year earlier. The company said the increase reflected higher allowances related to certain commercial real estate loans.
State Street said that as of March 31, 2025, it had AUC/A of $46.73 trillion, AUM of $4.67 trillion, consolidated total assets of $372.69 billion, consolidated total deposits of $272.06 billion and consolidated total shareholders' equity of $26.69 billion.
Key figures
Quarter ended March 31, 2025
- Revenue
- $3.3B
- Net income
- $644M
- EPS
- $2.04
- Operating cash flow
- $2.4B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis 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.
Q1 Earnings Per Share 2.04
State Street said earnings per share for Q1 2025 were 2.04, up 49% from the same period a year earlier. The company cited higher total revenue and lower total expenses, and said the absence of a prior-year FDIC special assessment accounted for 28 percentage points of the increase.
Source · Based on the MD&A text of the filing
Q1 Total Revenue Up 5%, Total Expenses Down 3%
State Street said total revenue for Q1 2025 increased 5% compared with the same period a year earlier, primarily reflecting higher fee revenue. Total expenses decreased 3%, and the company said the absence of a prior-year notable item accounted for 5 percentage points of the decrease.
Source · Based on the MD&A text of the filing
Q1 2025 Provision for Credit Losses $12 million
State Street said it recorded a provision for credit losses of $12 million for Q1 2025, compared with $27 million in the same period a year earlier. The company said the increase reflected higher allowances related to certain commercial real estate loans.
Source · Based on the MD&A text of the filing
March 31, 2025 AUC/A, AUM and Asset Size
State Street said that as of March 31, 2025, it had AUC/A of $46.73 trillion, AUM of $4.67 trillion, consolidated total assets of $372.69 billion, consolidated total deposits of $272.06 billion and consolidated total shareholders' equity of $26.69 billion.
Source · Based on the MD&A text of the filing
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.
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