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State Street (STT) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
STTState Street(STT) ZACKS·2025-04-17 14:35

Core Insights - State Street Corporation (STT) reported revenue of 3.28billionforthequarterendedMarch2025,reflectingayearoveryearincreaseof4.73.28 billion for the quarter ended March 2025, reflecting a year-over-year increase of 4.7% [1] - Earnings per share (EPS) for the quarter was 2.04, up from 1.69inthesamequarterlastyear,indicatingapositivetrendinprofitability[1]ThereportedrevenuewasslightlybelowtheZacksConsensusEstimateof1.69 in the same quarter last year, indicating a positive trend in profitability [1] - The reported revenue was slightly below the Zacks Consensus Estimate of 3.3 billion, resulting in a revenue surprise of -0.57%, while the EPS exceeded the consensus estimate of 1.98by3.031.98 by 3.03% [1] Financial Metrics - The Tier 1 Leverage Ratio under Basel III Advanced Approaches was reported at 5.5%, matching the average estimate from four analysts [4] - The Net Interest Margin (FTE) was 1%, slightly below the average estimate of 1.1% from four analysts [4] - Total interest-earning assets averaged 289.52 billion, surpassing the three-analyst average estimate of 274.35billion[4]TheTier1CapitalRatiounderBaselIIIStandardizedApproachwas13.8274.35 billion [4] - The Tier 1 Capital Ratio under Basel III Standardized Approach was 13.8%, exceeding the average estimate of 13.6% from three analysts [4] - Assets under Management (AUM) totaled 4,665 billion, falling short of the average estimate of 4,713.9billionfromthreeanalysts[4]TheTotalCapitalRatiounderBaselIIIStandardizedApproachwasreportedat15.34,713.9 billion from three analysts [4] - The Total Capital Ratio under Basel III Standardized Approach was reported at 15.3%, above the average estimate of 14.6% from two analysts [4] - Assets under Custody and/or Administration (AUC/A) reached 46,733 billion, significantly higher than the average estimate of 39,950.61billionfromtwoanalysts[4]NetInterestIncomewas39,950.61 billion from two analysts [4] - Net Interest Income was 714 million, slightly below the average estimate of 730.68millionfromfouranalysts[4]Totalfeerevenuewas730.68 million from four analysts [4] - Total fee revenue was 2.57 billion, marginally below the average estimate of 2.58billionfromfouranalysts[4]Softwareandprocessingfeeswerereportedat2.58 billion from four analysts [4] - Software and processing fees were reported at 225 million, slightly above the average estimate of 221.52millionfromthreeanalysts[4]Otherfeerevenuewas221.52 million from three analysts [4] - Other fee revenue was 32 million, significantly lower than the average estimate of $62.76 million from three analysts [4] Stock Performance - Over the past month, shares of State Street have returned -11.7%, compared to a -6.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]