Q3 2025 State Street Corp Earnings Call Transcript
Key Points
- State Street Corp (STT) reported a 23% year-over-year increase in earnings per share, reaching $2.78.
- The company achieved its seventh consecutive quarter of positive total operating leverage, with total revenue growth of 9% and a pretax margin of 31%.
- State Street Corp (STT) ended the quarter with a record $51.7 trillion in assets under custody and administration (AUC/A).
- The company launched strategic initiatives and new product capabilities, including a digital asset platform for tokenization of assets.
- State Street Corp (STT) increased its quarterly dividend by 11% to $0.84 per share, reflecting strong capital return to shareholders.
- Net interest income declined 1% year-over-year, with a reduction in interest-earning assets due to lower deposit balances.
- Expenses increased by approximately 5% year-over-year, driven by investments in technology and strategic initiatives.
- The company faced challenges with deposit levels, which were down in the third quarter, although the mix improved.
- There were outflows in the institutional segment, impacting net inflows despite overall positive flows.
- The competitive landscape remains challenging, particularly in the investment management and technology sectors.
Good morning, and welcome to State Street Corporation's third-quarter 2025 earnings conference call and webcast. Today's call will be hosted by Elizabeth Lynn, Head of Investor Relations at State Street. (Operator Instructions)
Today's discussion is being broadcast live on State Street's website at investors.statestreet.com. This conference call is also being recorded for replay. State Street's conference call is copyrighted and all rights are reserved. This call may not be recorded for broadcast or distribution in whole or in part without the expressed written authorization from State Street Corporation. The only authorized broadcast of this call will be housed on the State Street website.
Now I would like to hand the call over to Elizabeth Lynn.
Thank you, operator. Good morning, and thank you all for joining us. On our call today, our CEO, Ron O'Hanley, will speak first; then John Woods, our CFO, will take you through our third quarter 2025
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