earnings
confidence high
sentiment positive
materiality 0.80
State Street Q1 EPS $2.04, revenue up 5% YoY; announces $1B note redemption
STATE STREET CORP
2025-Q1 EPS reported
$2.04
revenue$3,284,000,000
- Diluted EPS $2.04, up 49% YoY; adjusted EPS up ~21% excluding prior-year FDIC charge.
- Total revenue $3,284M (+5% YoY); fee revenue $2,570M (+6%) driven by management fees (+10%) and securities finance (+19%).
- Expenses down 3% GAAP; up 3% ex-notables; pre-tax margin 25.0% vs 19.1% a year ago.
- Standardized CET1 ratio 11.0%; returned $320M to common shareholders via dividends and buybacks.
- Redeeming $1B 5.104% Senior Notes due 2026 on May 18, 2025 at par plus accrued interest (cash on hand).