State Street Corporation (STT)

State Street Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	11,561	9,180	4,088	1,908	2,575	3,941
Interest Paid on Deposits	8,709	6,421	1,544	3	375	1,375
Net Interest Income	2,852	2,759	2,544	1,905	2,200	2,566
Net Interest Income Growth (YoY)	-0.70%	8.45%	33.54%	-13.41%	-14.26%	-3.93%
Trust Income	2,027	1,876	1,939	2,053	1,880	1,824
Gain (Loss) on Sale of Investments	-80	-294	-2	57	4	-1
Other Non-Interest Income	7,832	7,604	7,667	8,012	7,619	7,367
Total Non-Interest Income	9,779	9,186	9,604	10,122	9,503	9,190
Non-Interest Income Growth (YoY)	6.47%	-4.35%	-5.12%	6.51%	3.41%	-2.85%
Revenues Before Loan Losses	12,631	11,945	12,148	12,027	11,703	11,756
Provision for Loan Losses	83	46	20	-33	88	10
Revenue	12,548	11,899	12,128	12,060	11,615	11,746
Revenue Growth (YoY)	4.38%	-1.89%	0.56%	3.83%	-1.12%	-3.05%
Salaries and Employee Benefits	4,342	4,354	4,130	4,327	4,128	4,208
Occupancy Expenses	-	-	-	-	-	458
Amortization of Goodwill & Intangibles	235	239	238	245	234	236
Selling, General & Administrative	2,606	2,458	2,343	2,408	2,305	1,814
Other Non-Interest Expense	2,541	2,344	1,947	1,847	1,866	2,131
Total Non-Interest Expense	9,724	9,395	8,658	8,827	8,533	8,847
EBT Excluding Unusual Items	2,824	2,504	3,470	3,233	3,082	2,899
Pretax Income	2,636	2,316	3,327	3,171	2,899	2,712
Income Tax Expense	522	372	553	478	479	470
Earnings From Continuing Operations	2,114	1,944	2,774	2,693	2,420	2,242
Net Income	2,114	1,944	2,774	2,693	2,420	2,242
Preferred Dividends & Other Adjustments	187	123	114	121	163	233
Net Income to Common	1,927	1,821	2,660	2,572	2,257	2,009
Net Income Growth	-14.31%	-29.92%	3.01%	11.28%	7.94%	-13.54%
Basic Shares Outstanding	301	322	365	353	353	370
Diluted Shares Outstanding	306	327	370	358	357	374
Shares Change (YoY)	-10.08%	-11.76%	3.39%	0.24%	-4.43%	-0.75%
EPS (Basic)	6.39	5.65	7.28	7.30	6.40	5.43
EPS (Diluted)	6.30	5.58	7.19	7.19	6.32	5.38
EPS Growth	-8.64%	-22.39%	0%	13.77%	17.47%	-15.81%
Dividend Per Share	2.830	2.640	2.400	2.180	2.080	1.980
Dividend Growth	9.69%	10.00%	10.09%	4.81%	5.05%	11.24%
Effective Tax Rate	19.80%	16.06%	16.62%	15.07%	16.52%	17.33%

Source: S&P Capital IQ. Banks template. Financial Sources.