State Street Q1 EPS $1.52, net income down 9% YoY, NII up 50%

STATE STREET CORP

2023-Q1 EPS reported $1.52 revenue$3,101,000,000

EPS $1.52 vs $1.57 YoY; net income $549M down 9% YoY; total revenue $3.1B up 1%.
Fee revenue $2.335B down 9% YoY; NII $766M up 50% on higher rates.
CET1 ratio 12.1%; returned $1.5B capital via buybacks and dividends.
Provision for credit losses $44M including $29M from $1B liquidity support to a bank.
AUC/A $37.6T down 10%; AUM $3.6T down 10%; announced acquisition of CF Global Trading.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STATE STREET CORP reported first-quarter of 2023 results: revenue $3,101, net income $549, EPS $1.52.

Period: first-quarter of 2023
Revenue: $3,101
Net income: $549
EPS: $1.52
Result: reported results

Exact text from the filing

1Q23 4Q22 1Q22 % QoQ % YoY Income statement: Total fee revenue $ 2,335 $ 2,364 $ 2,573 (1) % (9) % Net interest income 766 791 509 (3) 50 Other Income — — (1) nm nm Total revenue 3,101 3,155 3,081 (2) 1 Provision for credit losses 44 10 — nm nm Total expenses 2,369 2,256 2,327 5 2 Net income 549 733 604 (25) (9) Financial ratios and other metrics: Diluted

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Source: SEC EDGAR

accession 0000093751-23-000550

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