secwatch.observer — SEC 8-K summary
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Issuer:     STATE STREET CORP (STT)
CIK:        0000093751
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0000093751-24-000584
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

State Street Q1 GAAP EPS $1.37, $1.69 ex-items; fee revenue up 4% YoY
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- Diluted GAAP EPS of $1.37; adjusted EPS of $1.69 after excluding $0.32 per share from FDIC special assessment.
- Total revenue $3.14B (+1% YoY) with fee revenue up 4% to $2.42B; management fees +12%, front office software and data +32%.
- Record AUC/A of $43.9T (+17% YoY) and record AUM of $4.3T (+20% YoY); new servicing AUC/A wins of $474B.
- Net interest income $716M (-7% YoY) on deposit mix shift; provision for credit losses $27M (-39% YoY).
- Returned $308M to common shareholders ($100M buybacks + $0.69/sh dividend); CET1 ratio 11.1% vs 12.1% a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93751/000009375124000584/0000093751-24-000584-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93751/000009375124000584/stt-20240412.htm
  HTML page:      https://secwatch.observer/filing/0000093751-24-000584

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer