State Street Q2 EPS $2.17, revenue up 5% YoY; returns $1.3B to shareholders; plans 10% dividend increase

STATE STREET CORP

2023-Q2 EPS reported $3.68 revenue$6,211,000,000

Diluted EPS of $2.17 vs $1.91 YoY; net income $763M up 2% YoY.
Total revenue $3,110M (+5% YoY) driven by NII growth of 18% to $691M.
Pre-tax margin 29.5%, ROE 13.0%; returned $1.3B via buybacks ($1.05B) and dividends.
AUC/A $39.6T (+4%), AUM $3.8T (+9%); CET1 ratio 11.8%, down 1.1ppt YoY.
Plans to increase common dividend by 10% (third year); up to $4.5B buyback authorization.

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 0.9

STATE STREET CORP reported the second quarter of 2023 results: revenue 3,110, net income 763, EPS $2.17.

Period: the second quarter of 2023
Revenue: 3,110
Net income: 763
EPS: $2.17
Result: reported results

Exact text from the filing

2Q23 1Q23 2Q22 % QoQ % YoY Income statement: Total fee revenue $ 2,419 $ 2,335 $ 2,370 4 % 2 % Net interest income 691 766 584 (10) 18 Other income — — (1) nm nm Total revenue 3,110 3,101 2,953 — 5 Provision for credit losses (18) 44 10 nm nm Total expenses 2,212 2,369 2,108 (7) 5 Net income 763 549 747 39 2 Financial ratios and other metrics: Diluted

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Source: SEC EDGAR

accession 0000093751-23-000639

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