Key Highlights

  • State Street's $0.92 quarterly dividend, up 10%, goes ex-dividend October 1, 2026 and is payable October 13 to shareholders.
  • Second-quarter diluted EPS was $3.65 versus $2.17, with net income available to common shareholders of $1.026 billion versus $630 million.
  • Assets under custody and administration were $57.86 trillion and assets under management were $6.28 trillion at June 30.
  • The standardized CET1 ratio was 10.8%, and the company returned $631 million to shareholders in the quarter.

Overview

State Street Corporation's (NYSE:STT) $0.92 quarterly dividend yields 2.07% and is a 10% increase from the $0.84 declared for the prior quarter, according to the company. Second-quarter diluted EPS was $3.65, and the company returned $631 million to shareholders in the quarter, comprising $400 million of repurchases and $231 million of common dividends. It is payable October 13 to shareholders of record October 1.

Dividend Program and Shareholder Returns

State Street's board declared a third-quarter 2026 common dividend of $0.92 per share in July 2026, payable October 13 to shareholders of record on October 1. The company describes the amount as a 10% increase, and the 10-Q shows $0.84 per share declared for the prior quarter.

Second-quarter capital returned totaled $631 million, comprising $400 million of share repurchases and $231 million of common dividends. The company pays preferred stock dividends separately, and capital returns remain subject to regulatory capital requirements.

About the Company

State Street is a global financial services company serving institutional investors through two principal businesses, Investment Servicing and Investment Management. It provides custody, fund administration, asset management, securities finance, foreign exchange and data services. Earnings depend on assets under custody and administration, assets under management, market levels, client activity, net interest income and operating efficiency.

Financial Performance Behind the Payout

State Street reported second-quarter total revenue up 17%. Net income available to common shareholders was $1.026 billion, compared with $630 million, and diluted EPS was $3.65, compared with $2.17. For six months, total revenue was $7.844 billion, up 17%, net income was $1.848 billion, and net income available to common shareholders was $1.731 billion.

Six-month fee revenue was $6.148 billion, up 16%, and net interest income was $1.695 billion, up 17%.

At June 30, assets under custody and administration were $57.86 trillion, assets under management were $6.28 trillion, total assets were $418.38 billion and deposits were $319.55 billion. The standardized CET1 ratio was 10.8%.

Client Assets, Fee Revenue and Capital Returns

State Street reported record revenue and record assets under custody and administration and under management. Management cited positive operating leverage and continued technology and AI efficiency initiatives.

Fee revenue and net interest income are its two main earnings sources, and fee revenue is linked to client assets and market levels. The July board decision followed the Federal Reserve's stress test results.

Outlook

State Street reports fee revenue, net interest income, assets under custody and administration and the CET1 ratio each quarter, and CET1 was 10.8% at June 30. Capital returns remain subject to regulatory capital requirements and board decisions.