STATE STREET CORP STT Income Statement

State street corp (STT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Fee revenue:
Servicing fees
5,110	5,074	5,061	5,122	5,251	5,421	5,514	5,532	5,490	5,365	5,275	5,227	5,127	5,073	5,061	5,047	5,127	5,153	5,156	5,169	5,138	5,108	5,040	4,949	4,862	4,799	4,737	4,626	4,511	4,414	4,321	4,327	4,365	4,382	4,389	4,289	4,138	3,938	3,814	3,641	3,463	3,334	3,360	3,504	0	0	0
Management fees
1,800	1,771	1,746	1,775	1,799	1,851	1,829	1,774	1,706	1,616	1,559	1,508	1,404	1,292	1,213	1,132	1,143	1,174	1,191	1,220	1,216	1,207	1,198	1,158	1,135	1,106	1,076	1,051	1,020	993	935	913	917	917	936	903	854	829	781	804	796	766	854	915	0	0	0
Foreign exchange trading services
1,290	1,111	1,131	1,135	1,177	1,201	1,155	1,126	1,100	1,071	1,116	1,124	1,102	1,099	1,053	1,080	1,094	1,146	1,192	1,176	1,155	1,084	1,035	1,022	1,066	1,094	1,119	1,086	1,037	1,036	1,040	1,142	1,198	1,220	1,257	1,151	1,166	1,106	1,066	1,107	1,091	1,094	1,187	1,238	0	0	0
Securities finance
445	471	480	492	520	543	570	589	614	606	595	584	561	562	553	530	529	496	475	461	453	437	407	382	366	359	357	374	386	405	421	415	409	378	357	340	312	318	332	369	461	570	733	980	0	0	0
Software and processing fees
641	720	687	640	552	438	386	357	308	343	144	83	150	90	266	381	300	309	255	152	179	174	154	194	208	212	228	216	206	240	232	277	299	297	323	304	321	349	338	312	242	171	174	206	0	0	0
Total fee revenue
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net interest income:
Interest income
3,782	3,941	4,017	3,932	3,832	3,662	3,477	3,322	3,115	2,908	2,727	2,613	2,533	2,512	2,499	2,466	2,475	2,488	2,561	2,618	2,639	2,652	2,660	2,632	2,682	2,714	2,763	2,850	2,936	3,014	3,046	3,044	2,977	2,946	3,015	3,191	3,318	3,462	3,505	3,499	3,426	3,286	3,436	3,675	0	0	0
Interest Expense
1,225	1,375	1,390	1,277	1,131	991	887	801	678	604	525	477	451	428	435	426	421	400	393	393	388	392	389	385	400	411	423	437	447	476	524	563	596	613	632	662	703	763	765	760	765	722	1,044	1,349	0	0	0
Net interest income
2,557	2,566	2,627	2,655	2,701	2,671	2,590	2,521	2,437	2,304	2,202	2,136	2,082	2,084	2,064	2,040	2,054	2,088	2,168	2,225	2,251	2,260	2,271	2,247	2,282	2,303	2,340	2,413	2,489	2,538	2,522	2,481	2,381	2,333	2,383	2,529	2,615	2,699	2,740	2,739	2,661	2,564	2,392	2,326	0	0	0
Other income:
Gains from sales of available-for-sale securities, net
1	-1	1	1	10	9	8	9	0	-39	-36	-31	-32	10	7	-1	-3	-5	-5	-3	0	15	18	24	24	14	37	55	41	55	88	79	155	140	-260	-184	-243	-55	394	444	531	368	286	154	0	0	0
Other income (loss)
45	44	-6	-5	-5	-3	2	1	1	0	2	0	0	-	0	-	-	1	1	1	1	1	3	16	22	21	22	13	28	53	69	90	113	123	143	250	446	651	759	1,455	1,382	1,155	1,037	209	0	0	0
Noninterest Income
9,150	9,147	6,844	6,903	7,038	9,454	9,454	9,378	9,218	9,001	8,689	8,526	8,344	8,116	8,146	8,170	8,193	8,278	8,269	8,178	8,141	8,010	7,834	7,705	7,637	7,570	7,517	7,353	7,160	7,088	6,949	7,074	7,188	7,194	7,262	6,987	6,791	6,540	6,331	6,233	6,053	5,935	6,308	6,843	0	0	0
Total other income
-	-	-1	-2	-	6	6	8	-1	-39	-37	-34	-35	7	5	-1	-3	-6	-6	-4	-3	4	4	0	-5	-9	12	34	14	23	44	31	85	67	-323	-311	-388	-286	119	144	220	141	81	48	0	0	0
Losses reclassified (from) to other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-10	-11	-8	-7	-2	-3	-8	1	21	25	42	43	50	80	123	301	420	1,117	956	0	-	0	0	-	-	-
Gain on sale of CitiStreet interest, net of exit and other associated costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Total revenue
11,889	11,756	11,731	11,817	12,007	12,131	12,050	11,907	11,654	11,266	10,854	10,628	10,391	10,207	10,215	10,209	10,244	10,360	10,431	10,399	10,389	10,274	10,109	9,952	9,914	9,864	9,869	9,800	9,663	9,649	9,515	9,586	9,654	9,594	9,322	9,205	9,018	8,953	9,190	9,116	8,934	8,640	9,131	9,567	0	0	0
Provision for credit losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	15	18	-	15	5	3	4	2	6	3	4	10	9	14	12	12	15	12	12	10	12	10	8	6	-2	-2	-3	-3	-2	-2	1	0	0	1	9	25	61	76	80	149	0	0	0	0	0
Expenses:
Labor and Related Expense
4,520	4,541	4,699	4,719	4,760	4,780	4,544	4,531	4,477	4,394	4,571	4,494	4,412	4,353	4,048	4,086	4,081	4,061	4,094	3,996	3,990	4,060	4,033	3,983	3,922	3,800	3,770	3,783	3,808	3,837	3,794	3,843	3,910	3,820	3,876	3,768	3,608	3,517	3,380	3,342	3,189	3,037	3,268	3,509	0	0	0
Information systems and communications
1,488	1,465	1,459	1,415	1,371	1,324	1,269	1,233	1,195	1,167	1,144	1,133	1,120	1,105	1,088	1,068	1,047	1,022	1,007	984	979	976	958	951	942	935	941	917	890	844	805	785	776	776	772	762	737	713	685	669	662	656	644	643	0	0	0
Transaction processing services
995	983	967	961	973	985	978	945	895	838	818	803	797	800	795	796	796	793	800	798	790	784	765	751	744	733	730	715	701	702	702	712	733	732	724	709	680	653	640	623	605	583	590	614	0	0	0
Occupancy
463	470	490	487	496	500	471	479	471	461	453	442	437	440	443	446	444	444	445	454	460	461	472	466	465	467	464	466	467	470	465	469	467	455	456	449	452	463	461	467	472	475	476	473	0	0	0
Claims resolution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Securities lending charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-
Provisions for litigation exposure
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Provision for fixed-income litigation exposure
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-
Acquisition and restructuring costs
79	77	72	45	33	24	133	166	237	266	176	185	134	209	172	140	123	25	71	81	106	133	111	121	123	104	213	211	218	225	234	291	271	269	296	234	258	252	86	74	45	49	70	91	0	0	0
Professional services
-	-	-	-	-	-	-	-	-	-	371	395	380	-	392	433	487	490	490	451	431	440	430	431	418	392	395	386	379	381	364	358	346	347	302	277	278	277	304	322	310	264	269	299	0	0	0
Amortization of other intangible assets
234	236	259	247	236	226	199	206	212	214	214	215	210	207	203	196	196	197	207	213	218	222	216	215	215	214	213	206	200	198	196	200	202	200	196	198	194	179	164	148	136	136	138	135	0	0	0
Other
1,217	1,262	1,167	1,150	1,171	1,176	1,328	1,221	1,058	929	953	996	1,002	963	610	564	829	1,018	1,136	1,203	922	751	631	528	565	547	484	581	576	591	608	531	486	459	444	398	344	374	481	512	572	516	621	670	0	0	0
Noninterest Expense
8,996	9,034	9,113	9,024	9,040	9,015	8,660	8,590	8,451	8,269	8,321	8,284	8,113	8,077	7,751	7,729	8,003	8,050	8,250	8,180	7,896	7,827	7,616	7,446	7,394	7,192	7,210	6,903	6,877	6,886	6,806	7,189	7,191	7,058	7,066	6,795	6,965	6,842	6,615	6,821	6,241	5,966	6,326	6,434	0	0	0
Income before income tax expense
2,851	2,712	2,603	2,775	2,948	3,101	3,385	3,314	3,199	2,995	2,527	2,341	2,274	2,120	2,455	2,466	2,229	2,298	2,166	2,207	2,481	2,437	2,481	2,496	2,512	2,666	2,661	2,899	2,789	2,766	2,711	2,399	2,462	2,536	2,256	2,409	2,044	2,086	2,514	2,219	2,613	2,525	2,691	3,035	0	0	0
Income tax expense
483	470	488	479	506	508	880	888	886	839	127	62	-2	-22	329	324	286	318	286	347	417	415	469	504	563	616	608	712	691	705	739	546	586	616	634	796	512	530	543	467	791	722	909	1,032	0	0	0
Net income from non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before extraordinary loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Extraordinary loss, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0
Net income
2,368	2,242	2,115	2,296	2,442	2,593	2,505	2,426	2,313	2,156	2,400	2,278	2,277	2,143	2,126	2,144	1,943	1,980	1,881	1,860	2,064	2,022	2,012	1,992	1,949	2,050	2,053	2,187	2,098	2,061	1,972	1,853	1,876	1,920	1,622	1,613	1,532	1,556	1,971	1,752	-1,862	-1,881	-1,902	-1,681	0	0	0
Net income before extraordinary loss available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Net income available to common shareholders
2,137	2,009	1,913	2,093	2,253	2,404	2,321	2,242	2,129	1,972	2,216	2,094	2,095	1,968	1,958	1,990	1,794	1,848	1,759	1,762	1,975	1,958	1,959	1,948	1,917	2,016	2,025	2,148	2,057	2,019	1,922	1,811	1,833	1,882	1,592	1,589	1,514	1,540	1,957	1,744	-1,997	-2,044	-2,065	-1,844	0	0	0
Earnings Per Share [Abstract]
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.66	0.80	-	1.10	1.36
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.66	0.79	-	1.09	1.35
Basic (in USD per share)
1.64	1.35	1.44	1.44	1.20	1.02	1.89	1.91	1.64	0.84	1.69	1.56	1.17	1.44	1.31	1.48	0.80	1.35	1.33	0.95	0.90	1.10	1.28	1.41	0.83	1.06	1.20	1.26	1.00	1.00	1.39	1.00	0.86	0.76	1.11	1.01	0.94	0.16	1.09	0.87	0.99	1.15	0.66	-7.16	1.03	1.10	1.36
Diluted (in USD per share)
1.62	1.36	1.42	1.42	1.18	1.02	1.87	1.88	1.62	0.85	1.66	1.53	1.15	1.42	1.29	1.47	0.79	1.34	1.31	0.93	0.89	1.08	1.26	1.38	0.81	1.04	1.17	1.24	0.98	1.01	1.36	0.98	0.85	0.76	1.10	1.00	0.93	0.15	1.08	0.87	0.99	1.13	0.66	-7.12	1.02	1.09	1.35
Average common shares outstanding (in thousands):
Basic (in shares)
353	361	366	373	377	379	374	365	367	369	372	375	381	384	388	394	399	401	406	410	412	416	421	427	430	435	442	452	454	459	472	481	484	485	490	496	497	495	495	495	494	493	493	463	432	430	402
Diluted (in shares)
357	364	370	377	381	383	379	370	372	375	378	380	386	388	393	398	403	406	412	416	418	424	429	435	438	444	452	461	462	465	480	488	490	487	494	501	500	496	498	498	498	496	498	465	435	435	406
Cash dividends declared (in USD per share)
0.52	0.52	0.52	0.47	0.47	0.47	0.47	0.42	0.42	0.42	0.42	0.38	0.38	0.38	0.38	0.34	0.34	0.34	0.34	0.34	0.30	0.30	0.30	0.30	0.26	0.26	0.26	0.26	0.26	0.24	0.24	0.24	0.24	0.18	0.18	0.18	0.18	-	0.01	0.01	0.01	-	0.01	0.01	0.01	0.24	0.24