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AI English summary of an SEC filing — figures as filed

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State Street said that in Q1 2026 it recorded diluted earnings per share of $2.49, net income of $764 million, and total revenue of $3,796 million, with total revenue up 16% compared with the year-earlier quarter.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. State Street said that in Q1 2026 it recorded diluted earnings per share of $2.49, net income of $764 million, and total revenue of $3,796 million, with total revenue up 16% compared with the year-earlier quarter.

  2. The company said that in Q1 total fee revenue was $2,960 million, up 15.2% from the year-earlier quarter, and net interest income was $835 million, up 16.9%. Net interest margin on a fully taxable-equivalent basis was 1.16%, 16 basis points higher than 1.00% in the year-earlier quarter.

  3. State Street said that in Q1 total expenses were $2,811 million, up 14.7% from the year-earlier quarter, and excluding notable items were $2,681 million, up 9.4%. Notable items totaled $130 million on a pre-tax basis and included repositioning charges of $89 million and client rescoping of $41 million.

  4. The company said that at the end of Q1 its Standardized common equity tier 1 ratio under CET1 was 10.6%, down 1.0 percentage points from 11.6% in the prior quarter. In the same quarter, State Street returned a total of $633 million to common shareholders, including $400 million in share repurchases and $233 million in declared dividends.

Summary

AI-written

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.

Q1 Earnings Per Share and Total Revenue

State Street said that in Q1 2026 it recorded diluted earnings per share of $2.49, net income of $764 million, and total revenue of $3,796 million, with total revenue up 16% compared with the year-earlier quarter.

Source · Based on the filing body and exhibits

Fee Revenue and Net Interest Income Rise

The company said that in Q1 total fee revenue was $2,960 million, up 15.2% from the year-earlier quarter, and net interest income was $835 million, up 16.9%. Net interest margin on a fully taxable-equivalent basis was 1.16%, 16 basis points higher than 1.00% in the year-earlier quarter.

Source · Based on the filing body and exhibits

Expenses Increase and Notable Items

State Street said that in Q1 total expenses were $2,811 million, up 14.7% from the year-earlier quarter, and excluding notable items were $2,681 million, up 9.4%. Notable items totaled $130 million on a pre-tax basis and included repositioning charges of $89 million and client rescoping of $41 million.

Source · Based on the filing body and exhibits

Capital Ratio and Shareholder Returns

The company said that at the end of Q1 its Standardized common equity tier 1 ratio under CET1 was 10.6%, down 1.0 percentage points from 11.6% in the prior quarter. In the same quarter, State Street returned a total of $633 million to common shareholders, including $400 million in share repurchases and $233 million in declared dividends.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.