State Street Q4 GAAP EPS $0.55, $2.04 ex-notables; FDIC charge hits; $5B buyback authorized

STATE STREET CORP

2023-FY EPS reported $5.58 revenue$11,945,000,000

Q4 GAAP EPS $0.55 (diluted) vs $1.91 YoY; adjusted EPS excluding notable items $2.04.
Total revenue $3.043B, down 4% YoY; net interest income $678M, down 14%.
Recorded $387M FDIC special assessment and $203M net repositioning charges in Q4.
New $5B common share repurchase authorization announced with no set expiration.
Record quarterly total net inflows of $103B in Global Advisors, driven by ETFs and Cash.

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 financial results for the fourth-quarter 2023 and full-year 2023.

Period: the fourth-quarter 2023 and full-year 2023
Result: reported results

Exact text from the filing

On January 19, 2024, State Street Corporation issued a news release announcing its results of operations for the fourth-quarter 2023 and full-year 2023.

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STATE STREET CORP filing history →

Source: SEC EDGAR

accession 0000093751-24-000022

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