# EDGAR Filing Document

**Accession Number:** 0000093751
**File Stem:** 0000093751-25-000560
**Filing Date:** 2025-10
**Character Count:** 524954
**Document Hash:** 408b716a7c7a80b6b1b803c2f3be028c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000093751-25-000560.hdr.sgml**: 20251017

**ACCESSION NUMBER**: 0000093751-25-000560

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 38

**CONFORMED PERIOD OF REPORT**: 20251017

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251017

**DATE AS OF CHANGE**: 20251017

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STATE STREET CORP
- **CENTRAL INDEX KEY:** 0000093751
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 042456637
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-07511
- **FILM NUMBER:** 251398909

**BUSINESS ADDRESS:**
- **STREET 1:** 1 CONGRESS STREET
- **STREET 2:** SUITE 1
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114
- **BUSINESS PHONE:** 617 786-3000

**MAIL ADDRESS:**
- **STREET 1:** 1 CONGRESS STREET
- **STREET 2:** SUITE 1
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STATE STREET Corp
- **DATE OF NAME CHANGE:** 20090218

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STATE STREET CORP
- **DATE OF NAME CHANGE:** 19970424

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STATE STREET BOSTON FINANCIAL CORP
- **DATE OF NAME CHANGE:** 19780525

?xml version='1.0' encoding='ASCII'? stt-20251017

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

______________________

**FORM 8-K** 

_________________

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): October 17, 2025** 

______________________

**State Street Corporation**

**(Exact name of Registrant as Specified in its Charter)**

____________________

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| | | |
|:---|:---|:---|
| **Massachusetts** | **001-07511** | **04-2456637** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

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| | | |
|:---|:---|:---|
| **One Congress Street** | **One Congress Street** | **One Congress Street** |
| **Boston** | **Massachusetts** | **02114** |
| (Address of principal executive offices, and Zip Code) | (Address of principal executive offices, and Zip Code) | (Address of principal executive offices, and Zip Code) |

---

---

| | | |
|:---|:---|:---|
| **Registrant's telephone number, including area code:** | **(617)** | **786-3000** |

---

________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common stock, $1 par value per share | STT | New York Stock Exchange |
| Depositary Shares, each representing a 1/4,000th ownership interest in a share of | STT.PRG | New York Stock Exchange |
| Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G, without par value per share | STT.PRG | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

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**Item 2.02.&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition.**

On October 17, 2025, State Street Corporation ("State Street") issued a news release announcing its results of operations for the third-quarter 2025. Copies of that news release and accompanying third-quarter 2025 financial information addendum are furnished herewith as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference.

**Item 7.01.&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD Disclosure.**

On October 17, 2025, State Street made available a slide presentation providing highlights of its third-quarter 2025 results of operations and related information as of September 30, 2025, which is being made available in connection with an October 17, 2025 investor conference call. A copy of that slide presentation is furnished herewith as Exhibit 99.3 and is incorporated herein by reference.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

(d) Exhibits.

State Street's news release dated October 17, 2025, announcing its third-quarter 2025 results of operations and accompanying third-quarter 2025 financial information addendum are furnished herewith as Exhibits 99.1 and 99.2, respectively, and are incorporated by reference in Item 2.02 hereof; and a slide presentation providing highlights of State Street's third-quarter 2025 results of operations and related information, which is being made available in connection with an October 17, 2025 investor conference call, is furnished herewith as Exhibit 99.3 and is incorporated by reference in Item 7.01 hereof.

---

| | | |
|:---|:---|:---|
| | <u>Exhibit No.</u> | <u>Description</u> |
| | <u>[99.1](a3q25earningspressrelease.htm)</u> | <u>[State Street's news release dated October 17, 2025, announcing its third-quarter 2025 results of operations (this Exhibit 99.1 is furnished, not filed)](a3q25earningspressrelease.htm)</u> |
| | <u>[99.2](exhibit992-3q25earningsrel.htm)</u> | <u>[State Street's third-quarter 2025 financial information addendum (this Exhibit 99.2 is furnished, not filed)](exhibit992-3q25earningsrel.htm)</u> |
| | <u>[99.3](stt3q25earningspresentat.htm)</u> | <u>[Slide presentation providing highlights of State Street's third-quarter 2025 results of operations and related information (this Exhibit 99.3 is furnished, not filed)](stt3q25earningspresentat.htm)</u> |
| \* | 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |

---

\* Submitted electronically herewith

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | By: | STATE STREET CORPORATION<br>/s/ Elizabeth M. Schaefer |
| | | Name: | Elizabeth M. Schaefer, |
| | | Title: | Senior Vice President, Chief Accounting Officer and Interim Controller |
| Date: | October 17, 2025 |  |  |

---

## Exhibit 99.1

---

| | |
|:---|:---|
| ![imagea.jpg](imagea.jpg) | Exhibit 99.1<br>State Street Corporation <br>One Congress Street<br>Boston, MA 02114<br>NYSE: STT <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; www.statestreet.com<br>October 17, 2025  |

---

---

| |
|:---|
| **STATE STREET REPORTS THIRD QUARTER 2025 EPS OF $2.78** |
| *See note (a) below for a description of the presentation in this news release* |

---

---

| | | |
|:---|:---|:---|
| | | **RON O'HANLEY** <br>**CHAIRMAN AND CHIEF EXECUTIVE OFFICER** |
| **$51.7T** | &nbsp;&nbsp;**RECORD AUC/A** | **RON O'HANLEY** <br>**CHAIRMAN AND CHIEF EXECUTIVE OFFICER** |
| **$5.4T** | &nbsp;&nbsp;**RECORD AUM** | &nbsp;&nbsp;*"Our third-quarter financial results reflect strong performance, driven by disciplined execution against our strategic priorities. We delivered 9% year-over-year total revenue growth, supported by broad-based fee revenue increases across the franchise. The consistency of our financial performance was further underscored by our seventh consecutive quarter of positive operating leverage, excluding notable items."*<br>***O'Hanley added:*** *"We remained focused on innovation and enhancing our client capabilities, as evidenced by the advancement of our Wealth Services strategy through our recently announced partnership with Apex Fintech Solutions. Amid a record quarter of Management fee revenue, our Investment Management business continued to innovate at pace, launching 39 new products as we continue to offer differentiated client solutions across our businesses."*<br>***O'Hanley concluded:*** *"Our robust financial performance and strong balance sheet position enabled us to return $637 million of capital to common shareholders in the third quarter in repurchases and dividends. As previously announced, we were pleased to increase State Street's quarterly per share common stock dividend by 11% to $0.84. Looking ahead, we believe our disciplined execution, strategic focus, and commitment to innovation position us well to sustain momentum and drive long-term growth for shareholders."* |
| | | &nbsp;&nbsp;*"Our third-quarter financial results reflect strong performance, driven by disciplined execution against our strategic priorities. We delivered 9% year-over-year total revenue growth, supported by broad-based fee revenue increases across the franchise. The consistency of our financial performance was further underscored by our seventh consecutive quarter of positive operating leverage, excluding notable items."*<br>***O'Hanley added:*** *"We remained focused on innovation and enhancing our client capabilities, as evidenced by the advancement of our Wealth Services strategy through our recently announced partnership with Apex Fintech Solutions. Amid a record quarter of Management fee revenue, our Investment Management business continued to innovate at pace, launching 39 new products as we continue to offer differentiated client solutions across our businesses."*<br>***O'Hanley concluded:*** *"Our robust financial performance and strong balance sheet position enabled us to return $637 million of capital to common shareholders in the third quarter in repurchases and dividends. As previously announced, we were pleased to increase State Street's quarterly per share common stock dividend by 11% to $0.84. Looking ahead, we believe our disciplined execution, strategic focus, and commitment to innovation position us well to sustain momentum and drive long-term growth for shareholders."* |
| **$3.5B** | &nbsp;&nbsp;**TOTAL REVENUE***, up* ***9%*** *YoY* | &nbsp;&nbsp;*"Our third-quarter financial results reflect strong performance, driven by disciplined execution against our strategic priorities. We delivered 9% year-over-year total revenue growth, supported by broad-based fee revenue increases across the franchise. The consistency of our financial performance was further underscored by our seventh consecutive quarter of positive operating leverage, excluding notable items."*<br>***O'Hanley added:*** *"We remained focused on innovation and enhancing our client capabilities, as evidenced by the advancement of our Wealth Services strategy through our recently announced partnership with Apex Fintech Solutions. Amid a record quarter of Management fee revenue, our Investment Management business continued to innovate at pace, launching 39 new products as we continue to offer differentiated client solutions across our businesses."*<br>***O'Hanley concluded:*** *"Our robust financial performance and strong balance sheet position enabled us to return $637 million of capital to common shareholders in the third quarter in repurchases and dividends. As previously announced, we were pleased to increase State Street's quarterly per share common stock dividend by 11% to $0.84. Looking ahead, we believe our disciplined execution, strategic focus, and commitment to innovation position us well to sustain momentum and drive long-term growth for shareholders."* |
| | | &nbsp;&nbsp;*"Our third-quarter financial results reflect strong performance, driven by disciplined execution against our strategic priorities. We delivered 9% year-over-year total revenue growth, supported by broad-based fee revenue increases across the franchise. The consistency of our financial performance was further underscored by our seventh consecutive quarter of positive operating leverage, excluding notable items."*<br>***O'Hanley added:*** *"We remained focused on innovation and enhancing our client capabilities, as evidenced by the advancement of our Wealth Services strategy through our recently announced partnership with Apex Fintech Solutions. Amid a record quarter of Management fee revenue, our Investment Management business continued to innovate at pace, launching 39 new products as we continue to offer differentiated client solutions across our businesses."*<br>***O'Hanley concluded:*** *"Our robust financial performance and strong balance sheet position enabled us to return $637 million of capital to common shareholders in the third quarter in repurchases and dividends. As previously announced, we were pleased to increase State Street's quarterly per share common stock dividend by 11% to $0.84. Looking ahead, we believe our disciplined execution, strategic focus, and commitment to innovation position us well to sustain momentum and drive long-term growth for shareholders."* |
| **332BPS** | &nbsp;&nbsp;**TOTAL OPERATING LEVERAGE** | &nbsp;&nbsp;*"Our third-quarter financial results reflect strong performance, driven by disciplined execution against our strategic priorities. We delivered 9% year-over-year total revenue growth, supported by broad-based fee revenue increases across the franchise. The consistency of our financial performance was further underscored by our seventh consecutive quarter of positive operating leverage, excluding notable items."*<br>***O'Hanley added:*** *"We remained focused on innovation and enhancing our client capabilities, as evidenced by the advancement of our Wealth Services strategy through our recently announced partnership with Apex Fintech Solutions. Amid a record quarter of Management fee revenue, our Investment Management business continued to innovate at pace, launching 39 new products as we continue to offer differentiated client solutions across our businesses."*<br>***O'Hanley concluded:*** *"Our robust financial performance and strong balance sheet position enabled us to return $637 million of capital to common shareholders in the third quarter in repurchases and dividends. As previously announced, we were pleased to increase State Street's quarterly per share common stock dividend by 11% to $0.84. Looking ahead, we believe our disciplined execution, strategic focus, and commitment to innovation position us well to sustain momentum and drive long-term growth for shareholders."* |
| | | &nbsp;&nbsp;*"Our third-quarter financial results reflect strong performance, driven by disciplined execution against our strategic priorities. We delivered 9% year-over-year total revenue growth, supported by broad-based fee revenue increases across the franchise. The consistency of our financial performance was further underscored by our seventh consecutive quarter of positive operating leverage, excluding notable items."*<br>***O'Hanley added:*** *"We remained focused on innovation and enhancing our client capabilities, as evidenced by the advancement of our Wealth Services strategy through our recently announced partnership with Apex Fintech Solutions. Amid a record quarter of Management fee revenue, our Investment Management business continued to innovate at pace, launching 39 new products as we continue to offer differentiated client solutions across our businesses."*<br>***O'Hanley concluded:*** *"Our robust financial performance and strong balance sheet position enabled us to return $637 million of capital to common shareholders in the third quarter in repurchases and dividends. As previously announced, we were pleased to increase State Street's quarterly per share common stock dividend by 11% to $0.84. Looking ahead, we believe our disciplined execution, strategic focus, and commitment to innovation position us well to sustain momentum and drive long-term growth for shareholders."* |
| **31.1%** | &nbsp;&nbsp;**PRE-TAX MARGIN** | &nbsp;&nbsp;*"Our third-quarter financial results reflect strong performance, driven by disciplined execution against our strategic priorities. We delivered 9% year-over-year total revenue growth, supported by broad-based fee revenue increases across the franchise. The consistency of our financial performance was further underscored by our seventh consecutive quarter of positive operating leverage, excluding notable items."*<br>***O'Hanley added:*** *"We remained focused on innovation and enhancing our client capabilities, as evidenced by the advancement of our Wealth Services strategy through our recently announced partnership with Apex Fintech Solutions. Amid a record quarter of Management fee revenue, our Investment Management business continued to innovate at pace, launching 39 new products as we continue to offer differentiated client solutions across our businesses."*<br>***O'Hanley concluded:*** *"Our robust financial performance and strong balance sheet position enabled us to return $637 million of capital to common shareholders in the third quarter in repurchases and dividends. As previously announced, we were pleased to increase State Street's quarterly per share common stock dividend by 11% to $0.84. Looking ahead, we believe our disciplined execution, strategic focus, and commitment to innovation position us well to sustain momentum and drive long-term growth for shareholders."* |
|  |  | &nbsp;&nbsp;*"Our third-quarter financial results reflect strong performance, driven by disciplined execution against our strategic priorities. We delivered 9% year-over-year total revenue growth, supported by broad-based fee revenue increases across the franchise. The consistency of our financial performance was further underscored by our seventh consecutive quarter of positive operating leverage, excluding notable items."*<br>***O'Hanley added:*** *"We remained focused on innovation and enhancing our client capabilities, as evidenced by the advancement of our Wealth Services strategy through our recently announced partnership with Apex Fintech Solutions. Amid a record quarter of Management fee revenue, our Investment Management business continued to innovate at pace, launching 39 new products as we continue to offer differentiated client solutions across our businesses."*<br>***O'Hanley concluded:*** *"Our robust financial performance and strong balance sheet position enabled us to return $637 million of capital to common shareholders in the third quarter in repurchases and dividends. As previously announced, we were pleased to increase State Street's quarterly per share common stock dividend by 11% to $0.84. Looking ahead, we believe our disciplined execution, strategic focus, and commitment to innovation position us well to sustain momentum and drive long-term growth for shareholders."* |
| **13.4%** | &nbsp;&nbsp;**ROE** | &nbsp;&nbsp;*"Our third-quarter financial results reflect strong performance, driven by disciplined execution against our strategic priorities. We delivered 9% year-over-year total revenue growth, supported by broad-based fee revenue increases across the franchise. The consistency of our financial performance was further underscored by our seventh consecutive quarter of positive operating leverage, excluding notable items."*<br>***O'Hanley added:*** *"We remained focused on innovation and enhancing our client capabilities, as evidenced by the advancement of our Wealth Services strategy through our recently announced partnership with Apex Fintech Solutions. Amid a record quarter of Management fee revenue, our Investment Management business continued to innovate at pace, launching 39 new products as we continue to offer differentiated client solutions across our businesses."*<br>***O'Hanley concluded:*** *"Our robust financial performance and strong balance sheet position enabled us to return $637 million of capital to common shareholders in the third quarter in repurchases and dividends. As previously announced, we were pleased to increase State Street's quarterly per share common stock dividend by 11% to $0.84. Looking ahead, we believe our disciplined execution, strategic focus, and commitment to innovation position us well to sustain momentum and drive long-term growth for shareholders."* |
|  |  | &nbsp;&nbsp;*"Our third-quarter financial results reflect strong performance, driven by disciplined execution against our strategic priorities. We delivered 9% year-over-year total revenue growth, supported by broad-based fee revenue increases across the franchise. The consistency of our financial performance was further underscored by our seventh consecutive quarter of positive operating leverage, excluding notable items."*<br>***O'Hanley added:*** *"We remained focused on innovation and enhancing our client capabilities, as evidenced by the advancement of our Wealth Services strategy through our recently announced partnership with Apex Fintech Solutions. Amid a record quarter of Management fee revenue, our Investment Management business continued to innovate at pace, launching 39 new products as we continue to offer differentiated client solutions across our businesses."*<br>***O'Hanley concluded:*** *"Our robust financial performance and strong balance sheet position enabled us to return $637 million of capital to common shareholders in the third quarter in repurchases and dividends. As previously announced, we were pleased to increase State Street's quarterly per share common stock dividend by 11% to $0.84. Looking ahead, we believe our disciplined execution, strategic focus, and commitment to innovation position us well to sustain momentum and drive long-term growth for shareholders."* |
| **20.9%** | &nbsp;&nbsp;**ROTCE**<sup>(a)</sup> | &nbsp;&nbsp;*"Our third-quarter financial results reflect strong performance, driven by disciplined execution against our strategic priorities. We delivered 9% year-over-year total revenue growth, supported by broad-based fee revenue increases across the franchise. The consistency of our financial performance was further underscored by our seventh consecutive quarter of positive operating leverage, excluding notable items."*<br>***O'Hanley added:*** *"We remained focused on innovation and enhancing our client capabilities, as evidenced by the advancement of our Wealth Services strategy through our recently announced partnership with Apex Fintech Solutions. Amid a record quarter of Management fee revenue, our Investment Management business continued to innovate at pace, launching 39 new products as we continue to offer differentiated client solutions across our businesses."*<br>***O'Hanley concluded:*** *"Our robust financial performance and strong balance sheet position enabled us to return $637 million of capital to common shareholders in the third quarter in repurchases and dividends. As previously announced, we were pleased to increase State Street's quarterly per share common stock dividend by 11% to $0.84. Looking ahead, we believe our disciplined execution, strategic focus, and commitment to innovation position us well to sustain momentum and drive long-term growth for shareholders."* |

---

**FINANCIAL HIGHLIGHTS**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *(Table presents summary results, dollars in millions, except per share amounts, or where otherwise noted)* | **3Q25** | **2Q25** | **3Q24** | **% QoQ** |  | **% YoY** |  |
| **Income statement:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total fee revenue | $2829 | $2719 | $2616 | 4% |  | 8% |  |
| &nbsp;&nbsp;&nbsp;Net interest income | 715 | 729 | 723 | (2) |  | (1) |  |
| &nbsp;&nbsp;&nbsp;Other income | 1 |  | (80) | nm |  | nm |  |
| Total revenue | 3545 | 3448 | 3259 | 3 |  | 9 |  |
| Provision for credit losses | 9 | 30 | 26 | (70) |  | (65) |  |
| Total expenses | 2434 | 2529 | 2308 | (4) |  | 5 |  |
| Net income | 861 | 693 | 730 | 24 |  | 18 |  |
| **Financial ratios and other metrics:** |  |  |  |  |  |  |  |
| Diluted earnings per share (EPS) | $2.78 | $2.17 | $2.26 | 28% |  | 23% |  |
| Return on average common equity (ROE) | 13.4% | 10.8% | 12.0% | 2.6% | pts | 1.4% | pts |
| Pre-tax margin | 31.1 | 25.8 | 28.4 | 5.3% | pts | 2.7% | pts |
| AUC/A ($ billions)<sup>(1)</sup> | $51664 | $49000 | $46759 | 5% |  | 10% |  |
| AUM ($ billions)<sup>(1)</sup> | 5446 | 5117 | 4732 | 6 |  | 15 |  |

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<sup>(1)</sup> As of quarter end.

<sup>(a)</sup> Percentage changes noted reflect year-over-year 3Q comparisons, unless otherwise noted. See the "3Q25 Highlights" and "In This News Release" sections for a listing of notable items and further explanations of our disclosures in this News Release. Ex-notables and some other metrics (e.g., ROTCE, or return on average tangible common equity) are non-GAAP presentations; refer to the Addendum included with this news release for a reconciliation, and further explanations, of non-GAAP measures.

Investor Contact: Elizabeth Lynn +1 617-664-3477&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; Media Contact: Mark LaVoie +1 508-314-2807

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**3Q25 HIGHLIGHTS**

*(All comparisons are to 3Q24, unless otherwise noted)*

**AUC/A and AUM**

&nbsp;&nbsp;&nbsp;&nbsp;• Investment Servicing AUC/A as of quarter-end increased 10% to $51.7 trillion, mainly due to higher quarter-end market levels and flows

&nbsp;&nbsp;&nbsp;&nbsp;• Investment Management AUM as of quarter-end increased 15% to $5.4 trillion, mainly driven by higher quarter-end market levels and net inflows

**New business and strategy execution**<sup>(a)</sup>

&nbsp;&nbsp;&nbsp;&nbsp;• **New wins in 3Q25**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ ***New servicing fee revenue wins*:** New servicing fee revenue wins of $47 million, primarily driven by back office, including a strong contribution from private markets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ ***AUC/A wins*:** New servicing AUC/A wins of $361 billion, with the majority from Asset Owners and Asset Managers

&nbsp;&nbsp;&nbsp;&nbsp;• **Future installations as of 3Q25**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ ***Servicing fee revenue*:** Quarter-end servicing fee revenue of $401 million to be installed in future periods

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ ***AUC/A*:** Quarter-end AUC/A of $3.6 trillion to be installed in future periods

&nbsp;&nbsp;&nbsp;&nbsp;• **State Street Alpha**<sup>®</sup>**:** 1 new mandate win and 1 go-live in 3Q25, with 4 mandate wins year-to-date

&nbsp;&nbsp;&nbsp;&nbsp;• **Wealth Services:** Advanced Wealth Services strategy with Apex Fintech Solutions partnership to deliver a differentiated, fully digital, globally scalable, custody and clearing solution for wealth advisors and self-directed wealth platforms

&nbsp;&nbsp;&nbsp;&nbsp;• **Front Office Software and Data:** Annual recurring revenue (ARR) increased approximately 13%, driven by continued SaaS client conversions and implementations

&nbsp;&nbsp;&nbsp;&nbsp;• **Investment Management:** Continued momentum and market share gains in U.S. Low Cost ETF suite; strong inflows across EMEA and U.S. Sectors, as well as Gold, supported by expanded global distribution

&nbsp;&nbsp;&nbsp;&nbsp;• **Markets:** Strong trading volumes and lending balances supporting Investment Services and Investment Management clients. Winner of 8 categories in the Euromoney 2025 FX Awards

**Revenue**<sup>(b)</sup>

&nbsp;&nbsp;&nbsp;&nbsp;• Total revenue *<u>increased</u>* 9%, driven by higher Fee revenue

&nbsp;&nbsp;&nbsp;&nbsp;• Fee revenue *<u>increased</u>* 8%, reflecting broad-based strength across the franchise. Excluding notable items, Fee revenue *<u>increased</u>* 12%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Servicing fees *<u>increased</u>* 7%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Management fees *<u>increased</u>* 16%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ FX trading services *<u>increased</u>* 11%, and excluding notable items, *<u>increased</u>* 16%<sup>(c)</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Securities finance *<u>increased</u>* 19%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Software and processing fees *<u>increased</u>* 9%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Other fee revenue *<u>decreased</u>* $46 million, and excluding notable items, *<u>increased</u>* $20 million<sup>(d)</sup>

&nbsp;&nbsp;&nbsp;&nbsp;• Net interest income (NII) *<u>decreased</u>* 1% primarily driven by lower average short-end rates and deposit mix shift, partially offset by securities portfolio repricing and continued loan growth

<sup>(a)</sup> See the "In This News Release" section for explanations of AUC/A, new servicing fee revenue wins and revenue to be installed, and Front office software and data ARR.

<sup>(b)</sup> See the "3Q25 Highlights" section for a listing of notable items. Ex-notables and some other metrics (e.g., ROTCE) are non-GAAP presentations; refer to the Addendum included with this news release for a reconciliation, and further explanations, of non-GAAP measures.

<sup>(c)</sup> GAAP FX trading services of $374 million in 3Q24 included a notable item related to a revenue-related recovery of $15 million associated with the proceeds from a 2018 FX benchmark litigation resolution. Excluding this notable item, 3Q25 GAAP FX trading services of $416 million increased 16% compared to 3Q24 adjusted FX trading services of $359 million.

<sup>(d)</sup> GAAP Other fee revenue of $125 million in 3Q24 included a notable item related to a gain on sale of an equity investment of $66 million. Excluding this notable item, 3Q25 GAAP Other fee revenue of $79 million increased $20 million compared to 3Q24 adjusted Other fee revenue of $59 million.

------

**Expenses**

&nbsp;&nbsp;&nbsp;&nbsp;• Total expenses *<u>increased</u>* 5%, mainly due to increases in investments to improve technology and business capabilities, revenue-related costs, and the impact of currency translation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Compensation and employee benefits *<u>increased</u>* 2%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Information systems and communications *<u>increased</u>* 12%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Transaction processing services *<u>increased</u>* 8%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Occupancy *<u>increased</u>* 1%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Other expenses *<u>increased</u>* 7%

**Notable items**

---

| | | | |
|:---|:---|:---|:---|
| *(Dollars in millions, except EPS amounts)* | **3Q25** | **2Q25** | **3Q24** |
| Repositioning charge<sup>(a)</sup> | $— | $(100) | $— |
| Client rescoping |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue impact<sup>(b)</sup> |  | (24) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Expense impact<sup>(c)</sup> |  | (18) |  |
| Other notable items (net)<sup>(d)</sup> |  | 4 |  |
| &nbsp;&nbsp;**Total notable items (pre-tax)** | $**—** | $**(138)** | $**—** |
| &nbsp;&nbsp;&nbsp;Income tax impact from notable items | **—** | **(35)** | **—** |
| &nbsp;&nbsp;**EPS impact** | $**—** | $**(0.36)** | $**—** |

---

**Capital and liquidity**

&nbsp;&nbsp;&nbsp;&nbsp;*•* Standardized common equity tier 1 (CET1) ratio at quarter-end of 11.3% decreased 0.3% points compared to 3Q24 primarily due to continued capital return and higher risk-weighted assets (RWA) from business deployment, partially offset by capital generated from earnings, and increased 0.6% points compared to 2Q25, primarily due to capital generated from earnings and lower RWA, partially offset by continued capital return

&nbsp;&nbsp;&nbsp;&nbsp;*•* Liquidity coverage ratio (LCR) for State Street Corporation was approximately 106%, and LCR for State Street Bank and Trust was approximately 142%

&nbsp;&nbsp;&nbsp;&nbsp;• In 3Q25, State Street returned a total of $637 million of capital to common shareholders, including $400 million of share repurchases and $237 million (or $0.84 per share) of declared dividends

<sup>(a)</sup> 2Q25 repositioning charge of $100 million related to Compensation and employee benefits primarily from workforce rationalization consistent with the strategic focus on operating model transformation to drive further operating efficiency and productivity gains over time.

<sup>(b)</sup> 2Q25 Alpha-related client rescoping of $24 million reflected in Front office software and data in Professional services.

<sup>(c)</sup> 2Q25 Alpha-related client rescoping of $18 million reflected in Information systems and communications.

<sup>(d)</sup> 2Q25 Other notable items (net) of $4 million represents a revenue-related recovery of $3 million associated with the proceeds from a 2018 FX benchmark litigation resolution reflected in FX trading services, and a $1 million release of a prior period notable item reflected in Other expenses. 3Q24 Other notable items (net) of $0 represents an $81 million loss on sale related to a repositioning of the investment portfolio reflected in Other income, offset by a $66 million gain on sale of an equity investment reflected in Other fee revenue, and a $15 million revenue-related recovery associated with the proceeds from a 2018 FX benchmark litigation resolution reflected in FX trading services.

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**INVESTMENT SERVICING AUC/A**

The following table presents AUC/A information by product and financial instrument.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *(As of period end, dollars in billions)* | **3Q25** | **2Q25** | **3Q24** | **% QoQ** | **% YoY** |
| **Assets Under Custody and/or Administration**<sup>(1)</sup> |  |  |  |  |  |
| By product classification: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Collective funds, including ETFs | $17795 | $16728 | $15253 | 6% | 17% |
| &nbsp;&nbsp;&nbsp;Mutual funds | 13209 | 12641 | 12223 | 4 | 8 |
| &nbsp;&nbsp;&nbsp;Pension products | 10321 | 9679 | 9339 | 7 | 11 |
| &nbsp;&nbsp;&nbsp;Insurance and other products | 10339 | 9952 | 9944 | 4 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Assets Under Custody and/or Administration** | $**51664** | $**49000** | $**46759** | **5%** | **10%** |
| By asset class: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Equities | $31124 | $29311 | $27715 | 6% | 12% |
| &nbsp;&nbsp;&nbsp;Fixed-income | 12874 | 12122 | 12027 | 6 | 7 |
| &nbsp;&nbsp;Short-term and other investments<sup>(2)</sup> | 7666 | 7567 | 7017 | 1 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Assets Under Custody and/or Administration** | $**51664** | $**49000** | $**46759** | **5%** | **10%** |

---

<sup>(1)</sup> AUC/A values for certain asset classes are based on a lag, typically one-month.

<sup>(2)</sup> Short-term and other investments includes derivatives, cash and cash equivalents and other instruments.

**INVESTMENT MANAGEMENT AUM**

The following tables present 3Q25 activity in AUM by product category.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *(Dollars in billions)* | **Equity** | **Fixed- Income** | **Cash** | **Multi-Asset Class Solutions** | **Alternative Investments**<sup>(1)</sup> | **Total** |
| **Beginning balance as of June 30, 2025** | $**3218** | $**700** | $**525** | $**449** | $**225** | $**5117** |
| Net asset flows: |  |  |  |  |  |  |
| &nbsp;&nbsp;Long-term institutional<sup>(2)</sup> | (21) | 12 |  | 6 | (18) | (21) |
| &nbsp;&nbsp;&nbsp;ETF | 26 | 1 |  |  | 10 | 37 |
| &nbsp;&nbsp;Cash |  |  | 10 |  |  | 10 |
| &nbsp;&nbsp;&nbsp;Total flows, net | $5 | $13 | $10 | $6 | $(8) | $26 |
| Market appreciation/(depreciation) | 244 | 10 | 5 | 24 | 27 | 310 |
| Foreign exchange impact | (2) | (3) |  | (2) |  | (7) |
| &nbsp;&nbsp;&nbsp;Total market and foreign exchange impact | $242 | $7 | $5 | $22 | $27 | $303 |
| **Ending balance as of September 30, 2025** | $**3465** | $**720** | $**540** | $**477** | $**244** | $**5446** |

---

<sup>(1)</sup> Includes real estate investment trusts, currency and commodities, including SPDR<sup>®</sup> Gold Shares and SPDR<sup>®</sup> Gold MiniShares<sup>SM</sup> Trust, for which we are not the investment manager but act as the marketing agent.

<sup>(2)</sup> Amounts represent long-term portfolios, excluding ETFs.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *(Dollars in billions)* | **3Q25** | **2Q25** | **1Q25** | **4Q24** | **3Q24** |
| **Beginning balance** | $**5117** | $**4665** | $**4715** | $**4732** | $**4369** |
| Net asset flows: |  |  |  |  |  |
| &nbsp;&nbsp;Long-term institutional<sup>(1)</sup> | (21) | 68 | (15) | 26 | 9 |
| &nbsp;&nbsp;&nbsp;ETF | 37 | 15 | 1 | 65 | 37 |
| &nbsp;&nbsp;Cash | 10 | (1) | 1 | (27) | 54 |
| &nbsp;&nbsp;&nbsp;Total flows, net | $26 | $82 | $(13) | $64 | $100 |
| Market appreciation/(depreciation) | 310 | 318 | (65) | 1 | 208 |
| Foreign exchange impact | (7) | 52 | 28 | (82) | 55 |
| &nbsp;&nbsp;&nbsp;Total market and foreign exchange impact | $303 | $370 | $(37) | $(81) | $263 |
| **Ending balance** | $**5446** | $**5117** | $**4665** | $**4715** | $**4732** |

---

<sup>(1)</sup> Amounts represent long-term portfolios, excluding ETFs.

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**REVENUE**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *(Dollars in millions)* | **3Q25** | **2Q25** | **3Q24** | **% QoQ** |  | **% YoY** |  |
| Servicing fees | $1357 | $1304 | $1266 | 4.1% |  | 7.2% |  |
| Management fees | 612 | 562 | 527 | 8.9 |  | 16.1 |  |
| Foreign exchange trading services | 416 | 431 | 374 | (3.5) |  | 11.2 |  |
| Securities finance | 138 | 126 | 116 | 9.5 |  | 19.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Front office software and data | 167 | 169 | 146 | (1.2) |  | 14.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Lending related and other fees | 60 | 61 | 62 | (1.6) |  | (3.2) |  |
| Software and processing fees | 227 | 230 | 208 | (1.3) |  | 9.1 |  |
| Other fee revenue | 79 | 66 | 125 | 19.7 |  | (36.8) |  |
| &nbsp;&nbsp;&nbsp;**Total fee revenue** | $**2829** | $**2719** | $**2616** | **4.0%** |  | **8.1%** |  |
| Net interest income | 715 | 729 | 723 | (1.9)% |  | (1.1)% |  |
| Other income | 1 |  | (80) | nm |  | nm |  |
| &nbsp;&nbsp;&nbsp;**Total Revenue** | $**3545** | $**3448** | $**3259** | **2.8%** |  | **8.8%** |  |
| *Total revenue, excluding notable items*<sup>(1)</sup> | $*3545* | $*3469* | $*3259* | *2.2 %* |  | *8.8 %* |  |
| *Net interest margin (FTE)*<sup>(2)</sup> | *0.96 %* | *0.96 %* | *1.07 %* | *—* | *bps* | *(11)* | *bps* |

---

<sup>(1)</sup> See "3Q25 Highlights" in this news release for a listing of notable items. Ex-notables and some other metrics (e.g., ROTCE) are non-GAAP presentations; refer to the Addendum included with this news release for a reconciliation, and further explanations, of non-GAAP measures.

<sup>(2)</sup> Net interest margin (NIM) is presented on a fully taxable-equivalent (FTE) basis. Refer to the Addendum for reconciliations of our FTE-basis presentation.

**Servicing fees** increased 7% compared to 3Q24, primarily driven by higher average market levels, net new business, and the impact of currency translation. Servicing fees increased 4% compared to 2Q25, mainly due to higher average market levels, client activity/adjustments, and the impact of currency translation.

**Management fees** increased 16% compared to 3Q24, driven by higher average market levels and net inflows. Management fees increased 9% compared to 2Q25, driven by higher average market levels, net inflows, and day count, partially offset by lower performance fees.

**Foreign exchange trading services**<sup>(a)</sup> increased 11% compared to 3Q24 supported by higher volumes with Investment Services clients, partially offset by the absence of a prior period notable item. Excluding notable items, Foreign exchange trading services increased 16% compared to 3Q24. Foreign exchange trading services decreased 3% compared to 2Q25 driven by lower client volumes and decreased volatility from elevated 2Q25 levels. Excluding notable items, Foreign exchange trading services decreased 3% compared to 2Q25.

**Securities finance** increased 19% compared to 3Q24 and increased 10% compared to 2Q25, largely driven by higher client lending balances and Agency spreads, partially offset by lower Prime Services spreads.

**Software and processing fees**<sup>(b)</sup> increased 9% compared to 3Q24. Software and processing fees decreased 1% compared to 2Q25, and, excluding notable items, Software and processing fees decreased 11% compared to 2Q25.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Front office software and data<sup>(c)</sup> increased 14% compared to 3Q24, due to higher On-premises, Professional Services, and software-enabled revenues. Front office software and data decreased 1% compared to 2Q25, primarily driven by lower On-premises revenues, partially offset by the absence of a notable item in the prior quarter. Excluding notable items, Front office software and data decreased 13% compared to 2Q25 largely due to lower On-premises revenues.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Lending related and other fees of $60 million were broadly stable compared to 3Q24 and 2Q25.

**Other fee revenue**<sup>(d)</sup> decreased $46 million compared to 3Q24, primarily reflecting the absence of a notable item related to a gain on sale of an equity investment in the prior year period. Excluding notable items, Other fee revenue increased $20 million compared to 3Q24 primarily due to fair value adjustments on equity investments, partially offset by lower equity income. Other fee revenue increased $13 million compared to 2Q25, primarily due to FX-related adjustments and fair value adjustments on equity investments.

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**Net interest income** decreased 1%, compared to 3Q24, primarily driven by lower average short-end rates and deposit mix shift, partially offset by securities portfolio repricing and continued loan growth. Net interest income decreased 2% compared to 2Q25, largely due to lower deposit balances and lower average short-end rates, partially offset by securities portfolio repricing and continued loan growth.

*Total revenues were positively impacted by currency translation of $30 million and $15 million compared to 3Q24 and 2Q25, respectively.*

**PROVISION FOR CREDIT LOSSES**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| *(Dollars in millions)* | **3Q25** | **2Q25** | **3Q24** | **% QoQ** | **% YoY** |
| **Allowance for credit losses:** |  |  |  |  |  |
| Beginning balance | $192 | $186 | $145 | 3.2% | 32.4% |
| Provision for credit losses | 9 | 30 | 26 | (70.0) | (65.4) |
| Charge-offs |  | (24) |  | nm |  |
| &nbsp;&nbsp;&nbsp;**Ending Balance** | $**201** | $**192** | $**171** | **4.7%** | **17.5%** |

---

**Total provision for credit losses** was $9 million in 3Q25, primarily reflecting the evolving macroeconomic environment and an increase in loan loss reserves associated with leveraged and commercial real estate loans.

<sup>(a)</sup> GAAP FX trading services of $374 million in 3Q24 included a notable item related to a revenue-related recovery of $15 million associated with the proceeds from a 2018 FX benchmark litigation resolution. Excluding this notable item, 3Q25 GAAP FX trading services of $416 million increased 16% compared to 3Q24 adjusted FX trading services of $359 million. GAAP FX trading services of $431 million in 2Q25 included a notable item related to a revenue-related recovery of $3 million associated with the proceeds from a 2018 FX benchmark litigation resolution. Excluding the notable item, 3Q25 GAAP FX trading services of $416 million decreased 3% compared to 2Q25 adjusted FX trading services of $428 million.

<sup>(b)</sup> GAAP Software and processing fees of $230 million in 2Q25 included a notable item related to an Alpha-related client rescoping of $24 million. Excluding the notable item, 3Q25 GAAP Software and processing fees of $227 million decreased 11% compared to adjusted 2Q25 Software and processing fees of $254 million.

<sup>(c)</sup> GAAP Front office software and data of $169 million in 2Q25 included a notable item related to an Alpha-related client rescoping of $24 million. Excluding the notable item, 3Q25 GAAP Front office software and data of $167 million decreased 13% compared to adjusted 2Q25 Front office software and data of $193 million.

<sup>(d)</sup> GAAP Other fee revenue of $125 million in 3Q24 included a notable item related to a gain on sale of an equity investment of $66 million. Excluding this notable item, 3Q25 GAAP Other fee revenue of $79 million increased $20 million compared to 3Q24 adjusted Other fee revenue of $59 million.

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**EXPENSES**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *(Dollars in millions)* | **3Q25** | **2Q25** | **3Q24** | **% QoQ** |  | **% YoY** |  |
| Compensation and employee benefits | $1162 | $1280 | $1134 | (9.2)% |  | 2.5% |  |
| Information systems and communications | 517 | 523 | 463 | (1.1) |  | 11.7 |  |
| Transaction processing services | 276 | 260 | 255 | 6.2 |  | 8.2 |  |
| Occupancy | 106 | 105 | 105 | 1.0 |  | 1.0 |  |
| Amortization of other intangible assets | 56 | 56 | 56 |  |  |  |  |
| Other | 317 | 305 | 295 | 3.9 |  | 7.5 |  |
| &nbsp;&nbsp;&nbsp;**Total Expenses** | $**2434** | $**2529** | $**2308** | **(3.8)%** |  | **5.5%** |  |
| *Total expenses, excluding notable items*<sup>(1)</sup> | $*2434* | $*2412* | $*2308* | *0.9 %* |  | *5.5 %* |  |
| *Effective tax rate* | *21.9 %* | *22.0 %* | *21.1 %* | *(0.1) %* | *pts* | *0.8 %* | *pts* |

---

<sup>(1)</sup> See "3Q25 Highlights" in this news release for a listing of notable items. Ex-notables and some other metrics (e.g., ROTCE) are non-GAAP presentations; refer to the Addendum included with this news release for a reconciliation, and further explanations, of non-GAAP measures.

**Compensation and employee benefits**<sup>(a)</sup> increased 2% compared to 3Q24, mainly due to merit increases, higher employee benefits costs, and the impact of currency translation. Compared to 2Q25, Compensation and employee benefits decreased 9%, primarily driven by the absence of a notable item in the prior period. Excluding notable items, Compensation and employee benefits decreased 2% compared to 2Q25, primarily driven by lower compensation, partially offset by higher employee benefits costs and the impact of currency translation.

**Information systems and communications**<sup>(b)</sup> increased 12% compared to 3Q24 largely from higher technology and infrastructure investments. Information systems and communications decreased 1% compared to 2Q25, partially due to the absence of a notable item in the prior period. Excluding notable items, Information systems and communications increased 2% compared to 2Q25 largely from higher technology and infrastructure investments.

**Transaction processing services** increased 8% compared to 3Q24 and increased 6% compared to 2Q25, mainly driven by higher sub-custody and market data costs.

**Occupancy** increased 1% compared to 3Q24 and increased 1% compared to 2Q25, mainly due to higher one-time events.

**Other expenses**<sup>(c)</sup> increased 7% compared to 3Q24, primarily due to the timing of foundation funding, marketing spend, and other revenue related expenses. Other expenses increased 4% compared to 2Q25, largely reflecting higher marketing spend.

*Total expenses were negatively impacted by currency translation of $21 million and $11 million compared to 3Q24 and 2Q25, respectively.* 

<sup>(a)</sup> GAAP Compensation and employee benefits expenses of $1,280 million in 2Q25 included a notable item related to a repositioning charge of $100 million. Excluding this notable item, 3Q25 GAAP Compensation and employee benefits of $1,162 million decreased 2% compared to 2Q25 adjusted Compensation and employee benefits of $1,180 million.

<sup>(b)</sup> GAAP Information systems and communications expenses of $523 million in 2Q25 included a notable item related to an Alpha-related client rescoping of $18 million. Excluding this notable item, 3Q25 GAAP Information systems and communications expenses of $517 million increased 2% compared to 2Q25 adjusted Information systems and communications expenses of $505 million.

<sup>(c)</sup> GAAP Other expenses of $305 million in 2Q25 included a notable item related to a $1 million release of a prior period notable item. Excluding this notable item, 3Q25 GAAP Other expenses of $317 million increased 4% compared to 2Q25 adjusted Other expenses of $306 million.

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**TAXES**

**The effective tax rate** of 21.9% in 3Q25 increased from 21.1% in 3Q24 due to lower discrete benefits and was roughly flat compared to 22.0% in 2Q25.

**CAPITAL AND LIQUIDITY**

The following table presents preliminary estimates of regulatory capital and liquidity ratios for State Street Corporation.

---

| | | | |
|:---|:---|:---|:---|
| *(As of period end)* | **3Q25** | **2Q25** | **3Q24** |
| **Basel III Standardized Approach:** |  |  |  |
| Common equity tier 1 ratio (CET1) | 11.3% | 10.7% | 11.6% |
| Tier 1 capital ratio | 13.9 | 13.3 | 13.9 |
| Total capital ratio | 15.5 | 14.8 | 15.6 |
| **Basel III Advanced Approaches:** |  |  |  |
| Common equity tier 1 ratio (CET1) | 13.1 | 12.5 | 12.5 |
| Tier 1 capital ratio | 16.2 | 15.5 | 15.0 |
| Total capital ratio | 17.8 | 17.0 | 16.6 |
| Tier 1 leverage ratio | 5.6 | 5.3 | 5.5 |
| Supplementary leverage ratio | 6.4 | 6.3 | 6.4 |
| Liquidity coverage ratio (LCR) <sup>(1)</sup> | 106% | 107% | 107% |
| *LCR - State Street Bank and Trust* <sup>(1)</sup> | *142 %* | *136 %* | *129 %* |

---

<sup>(1)</sup> See the "In This News Release" section for further details on LCR and differences in the calculation between State Street Corporation and State Street Bank and Trust.

**Standardized capital ratios** were binding for all periods included above.

**CET1 (Standardized) ratio** at quarter-end of 11.3% decreased 0.3% points compared to 3Q24 primarily due to continued capital return and higher RWA from business deployment, partially offset by capital generated from earnings, and increased 0.6% points compared to 2Q25, primarily due to capital generated from earnings and lower RWA, partially offset by continued capital return.

**Tier 1 leverage ratio** at quarter-end of 5.6% increased 0.1% point compared to 3Q24, largely due to capital generated from earnings and higher preferred equity, offset by continued capital return and higher average balance sheet levels. Tier 1 leverage increased 0.3% points compared to 2Q25, mainly driven by lower average balance sheet levels and capital generated by earnings, partially offset by continued capital return.

**LCR** for State Street Corporation was approximately 106%, down 1% point compared to 3Q24 and 2Q25. LCR for State Street Bank and Trust was approximately 142%, up 13% points compared to 3Q24 and up 6% points from 2Q25.

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**INVESTOR CONFERENCE CALL AND QUARTERLY WEBSITE DISCLOSURE**

State Street will webcast an investor conference call today, Friday, October 17, 2025, at 11:00 a.m. ET, available at http://investors.statestreet.com. The conference call will also be available via telephone, at (805) 309-0220. The Participant Passcode is 2389583#.

Recorded replay of the conference call will be available on the website beginning approximately two hours after the call's completion. The replay will be available for approximately one month following the conference call.

This News Release, presentation materials referred to on the conference call, and additional financial information are available on State Street's website, at http://investors.statestreet.com under "Investor News & Events" and under the title "Events & Presentations".

State Street intends to publish updates to its public disclosure regarding regulatory capital, as required by the Basel III final rule, and the liquidity coverage and net stable funding ratios, on a quarterly basis on its website at http://investors.statestreet.com, under "Filings & Reports". Those updates will be published each quarter, during the period beginning after State Street's public announcement of its quarterly results of operations and ending on or prior to the due date under applicable bank regulatory requirements (i.e., ordinarily, ending no later than 60 days following year-end or 40 to 45 days following each other quarter-end, as applicable). For 3Q25, State Street expects to publish its updates during the period beginning today and ending on or about November 9, 2025 and on or about November 14, 2025 for the liquidity coverage ratio.

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $51.7 trillion in assets under custody and/or administration and $5.4 trillion\* in assets under management as of September 30, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 52,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

\* Assets under management as of September 30, 2025 includes approximately $145 billion of assets with respect to SPDR<sup>®</sup> products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.

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**IN THIS NEWS RELEASE:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, may also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we may sometimes present ratios, such as return on tangible common equity, based on an adjusted common shareholder equity metric, "tangible common equity", which reflects a reduction (net of deferred taxes) for goodwill and other intangible assets, as we believe this presentation provides additional context about our use of equity. As an additional example, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. Refer to the Addendum included with this News Release for reconciliations of our non-GAAP financial information. To access the Addendum go to http://investors.statestreet.com and click on "Filings & Reports –Quarterly Results".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Stock purchases under our common stock repurchase programs may be made using various types of transactions, including open-market purchases, accelerated share repurchases or other transactions off the market, and may be made under Rule 10b5-1 trading programs. The timing and amount of any stock purchases and the type of transaction may not be consistent over the duration of the program, may vary from reporting period to reporting period and will depend on several factors, including our capital position and financial performance, investment opportunities, market conditions, regulatory considerations including the nature and timing of implementation of revisions to the Basel III framework, and the amount of common stock issued as part of employee compensation programs. The common share repurchase programs do not have specific price targets and may be suspended at any time. State Street's common stock and other stock dividends, including the declaration, timing and amount, remain subject to consideration and approval by State Street's Board of Directors at the relevant times.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Servicing fee revenue wins/backlog (i.e., "to be installed") represents estimates of future annual revenue associated with new servicing engagements State Street determines to be won during the current reporting period, which may include anticipated servicing-related revenues associated with acquisitions or structured transactions, based upon factors assessed at the time the engagement is determined by State Street to be won, including asset volumes, number of transactions, accounts and holdings, terms and expected strategy. These and other relevant factors influencing projected servicing fees upon asset implementation/onboarding will change from time to time prior to, upon and following asset implementation/onboarding, among other reasons, due to varying market levels and factors and client and investor activity and preferences. Servicing fee/backlog estimates are not updated to reflect those changes, regardless of the magnitude or direction of, or reason for, any change. Servicing fee revenue wins in any period include estimated fees attributable to both (1) services to be provided for new estimated AUC/A reflected in new asset servicing wins for the period (with AUC/A to be onboarded in the future) and (2) additional services to be provided for AUC/A already included in our end-of period AUC/A (i.e., for which other services are currently provided); and the magnitude of one source of servicing fee revenue wins relative to the other (i.e., (1) relative to (2)) will vary from period to period. Therefore, for these and other reasons, comparisons of estimated servicing fee revenue wins to estimated new asset servicing AUC/A wins for any period will not produce reliable fee per AUC/A estimates. No servicing fees are recognized until the point in the future when we begin performing the associated services with respect to the relevant AUC/A. Both AUC/A and servicing fee revenue, when presented on a "backlog" or "to be installed" basis, are presented as of period-end. See also the succeeding two bullets in this "In This News Release" section in reference to considerations applicable to pending servicing engagements, which similarly apply to engagements for which reported servicing fee revenue wins/backlog are attributable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New asset servicing mandates, including announced Alpha front-to-back investment servicing clients, may be subject to completion of definitive agreements, consents or assignments, approval of applicable boards and shareholders, customary regulatory approvals or other conditions, the failure to complete any of which will prevent the relevant mandate from being installed and serviced. New asset servicing mandates and servicing assets/fees remaining to be installed in future periods exclude new business which has been contracted, but for which the client has not yet provided permission to publicly disclose or anonymously disclose and is not yet installed. These excluded assets, which from time to time may be significant, will be included in new asset servicing mandates and reflected in servicing assets/fees remaining to be installed in the period in which the client provides its permission. Servicing mandates, servicing assets remaining to be installed in future periods and servicing fee revenues remaining to be installed in future periods are presented on a gross basis based on factors present on or about the time we determine the business to be won by us and are not updated based on subsequent developments, including changes in assets, market valuations, scope

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

and, potentially termination. Such assets therefore also do not include the impact of clients who have notified us during the period of their intent to terminate or reduce their relationship with State Street, which from time to time may be significant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New business in assets to be serviced is reflected in our AUC/A after we begin servicing the assets, and new business in assets to be managed is reflected in our AUM after we begin managing the assets. As such, only a portion of any new asset servicing and asset management mandates may be reflected in our AUC/A and AUM as of any particular date specified. AUC/A values for certain asset classes are based on a lag, typically one-month. Generally, our servicing fee revenues are affected by several factors, and we provide varied services from our full suite of offerings to different clients. The basis for fees will also differ across regions and clients and can reflect pricing pressures traditionally experienced in our industry. Consequently, no assumption should be drawn as to future revenue run rate from announced servicing wins or new servicing business yet to be installed, as the amount of revenue associated with AUC/A can vary materially. Management fees also are generally affected by various factors, including investment product type and strategy and relationship pricing for clients, and are more sensitive to market valuations than are servicing fees. Therefore, no assumption should be drawn from management fees associated with changes in AUM levels. Levels of AUC/A, AUC/A to be installed, Servicing fee wins to be installed and AUM are always presented as of the end of the relevant period, unless otherwise specifically noted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Front office software and data ARR, an operating metric, is calculated by annualizing current quarter revenue for CRD and CRD for Private Markets and includes the annualized amount of most software-enabled revenue, including revenue generated from SaaS, maintenance and support revenue, FIX, and value-added services, which are all expected to be recognized ratably over the term of client contracts. ARR does not include software-enabled brokerage revenue, revenue from affiliates and licensing fees (excluding the portion allocated to maintenance and support) from On-premises software. Front office software and data ARR was $356 million, $379 million, and $402 million in 3Q24, 2Q25, and 3Q25, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Revenue and pre-tax income reflects the application of ASC 606. Revenue recognition under ASC 606 results in the acceleration of a significant portion of revenues for On-premises software agreements when a client goes live or renews their contract with us. The amount of revenue recognized in any given quarter will be driven in large part by client activity, including agreements that renew or are installed in that quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Unless otherwise noted, all capital ratios referenced on this News Release and elsewhere in this presentation refer to State Street Corporation, or State Street, and not State Street Bank and Trust Company. The lower of capital ratios calculated under the Basel III advanced approaches and under the Basel III standardized approach are applied in the assessment of our capital adequacy for regulatory purposes. Standardized ratios were binding for 3Q25. Refer to the Addendum included with this News Release for additional information. All capital ratios are estimated. Liquidity Coverage Ratio (LCR) is a preliminary estimate based on a quarterly daily average.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• State Street Bank and Trust's (SSBT) LCR is significantly higher than State Street Corporation's (SSC) LCR, primarily due to application of the transferability restriction in the U.S. LCR Final Rule to the calculation of SSC's LCR. This restriction limits the amount of HQLA held at SSC's principal banking subsidiary, SSBT and available for the calculation of SSC's LCR to the amount of net cash outflows of SSBT. This transferability restriction does not apply in the calculation of SSBT's LCR, and therefore SSBT's LCR reflects the full benefit of all of its HQLA holdings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• All earnings per share amounts represent fully diluted earnings per common share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Return on average common equity is determined by dividing annualized net income available to common shareholders by average common shareholders' equity for the period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Year-over-year (YoY) is the current period compared to the same period a year ago. Quarter-over-quarter (QoQ) is a sequential quarter comparison.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operating leverage is the rate of growth of total revenue less the rate of growth of total expenses, relative to the corresponding prior year period, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fee operating leverage is the rate of growth of total fee revenue less the rate of growth of total expenses, relative to the corresponding prior year period, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "AUC/A" denotes Assets Under Custody and/or Administration; "AUC" denotes Assets Under Custody; "AUM" denotes Assets Under Management; "SPDR" denotes Standard and Poor's Depository Receipt; "ETF" denotes Exchange-traded fund; "nm" denotes not meaningful; "EOP" denotes end of period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "CRD" denotes Charles River Development; "SaaS" denotes Software as a service; "FIX" denotes The Charles River Network's FIX Network Service (CRN); "On-premises" denotes On-premises revenue as recognized in the CRD business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "RWA" denotes risk-weighted assets; "AOCI" denotes Accumulated other comprehensive income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "FTE" denotes fully taxable-equivalent basis; NIM is presented on an FTE-basis, and is calculated by dividing FTE NII by average total interest-earning assets. Refer to the Addendum for reconciliations of our FTE-basis presentation.

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**FORWARD LOOKING STATEMENTS**

This News Release contains forward-looking statements within the meaning of United States securities laws, including statements about our goals and expectations regarding our strategy, growth and sales prospects, capital management, business, financial and capital condition, results of operations, the financial and market outlook and the business environment. Forward-looking statements are often, but not always, identified by such forward-looking terminology as "outlook," "priority," "will," "expect," "intend," "aim," "outcome," "future," "strategy," "pipeline," "trajectory," "target," "guidance," "objective," "plan," "forecast," "believe," "anticipate," "estimate," "seek," "may," "trend," and "goal," or similar statements or variations of such terms. These statements are not guarantees of future performance, are inherently uncertain, are based on current assumptions that are difficult to predict and involve a number of risks and uncertainties. Therefore, actual outcomes and results may differ materially from what is expressed in those statements.

Important factors that may affect future results and outcomes include, but are not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We are subject to intense competition, which could negatively affect our profitability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We are subject to significant pricing pressure and variability in our financial results and our AUC/A and AUM;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We could be adversely affected by political, geopolitical, economic and market conditions, including, for example, as a result of liquidity or capital deficiencies (actual or perceived) by other financial institutions and related market and government actions, changes in U.S. trade or other policies or those policies of other nations, the ongoing conflicts in Ukraine and in the Middle East, major political shifts domestically or internationally (including the potential for retaliatory actions by governments, market participants or clients based on diverging perspectives or otherwise and, separately, the pending shutdown of the U.S. federal government), actions taken by central banks in an attempt to address prevailing economic conditions, changes in monetary policy or periods of significant volatility in the markets for equity, fixed income and other asset classes globally or within specific markets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our development and completion of new products and services, including State Street Alpha<sup>®</sup> and those related to wealth servicing, alternative investment management or digital assets or incorporating artificial intelligence, may impose costs on us, involve dependencies on third parties and may expose us to increased risks;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our business may be negatively affected by risks associated with strategic initiatives we are undertaking to enhance the effectiveness, including the adoption or integration of new technologies such as artificial intelligence, and efficiency of our operations and of our cybersecurity and technology infrastructure or by our failure to meet the related, resiliency or other expectations of our clients and regulators, or as a result of a cyber-attack or similar vulnerability in our or business partners' infrastructure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our risk management framework, models and processes may not be effective in identifying or mitigating risk and reducing the potential for related losses, and a failure or circumvention of our controls and procedures, or errors or delays in our operational and transaction processing, or those of third parties, could have an adverse effect on our business, financial condition, operating results and reputation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Acquisitions, strategic alliances, joint ventures and divestitures, and the integration, retention and development of the benefits of these transactions, pose risks for our business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Competition for qualified members of our workforce is intense, and we may not be able to attract and retain the highly skilled people we need to support our business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We have significant operations and clients in many markets and jurisdictions globally that can be adversely impacted, locally or more broadly, by disruptions in those or other markets or economies, including local, regional and geopolitical developments affecting those markets or economies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our investment securities portfolio, consolidated financial condition and consolidated results of operations could be adversely affected by changes in the financial markets, governmental action or monetary policy. For example, among other risks, changes in prevailing interest rates or market conditions have led, and were they to persist or occur in the future could further lead, to decreases in our NII or to portfolio management decisions resulting in reductions in our capital or liquidity ratios;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our business activities expose us to interest rate risk;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We assume significant credit risk of counterparties, who may also have substantial financial dependencies on other financial institutions, and these credit exposures and concentrations could expose us to financial loss;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our fee revenue represents a significant portion of our revenue and is subject to and may decline based on, among other factors, market and currency declines, investment activities and preferences of our clients and their business mix, as well as the timing of new business onboarding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If we are unable to effectively manage our capital and liquidity, our financial condition, capital ratios, results of operations and business prospects could be adversely affected;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We may need to raise additional capital or debt in the future, which may not be available to us or may only be available on unfavorable terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If we experience a downgrade in our credit ratings, or an actual or perceived reduction in our financial strength, our borrowing and capital costs, liquidity and reputation could be adversely affected;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our business and capital-related activities, including common share repurchases, may be adversely affected by regulatory requirements and considerations, including capital, credit and liquidity;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We face extensive and changing government regulation and supervision in the U.S. and non-U.S. jurisdictions in which we operate, which may increase our costs and compliance risks and may affect our business activities and strategies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Our businesses may be adversely affected by government enforcement and litigation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our businesses may be adversely affected by increased and conflicting political, regulatory and client scrutiny of asset management, stewardship and corporate sustainability or Environmental, Social and Governance (ESG) practices;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any misappropriation of the confidential information we possess could have an adverse impact on our business and could subject us to regulatory actions, litigation and other adverse effects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our calculations of risk exposures, total RWA and capital ratios depend on data inputs, formulae, models, correlations and assumptions that are subject to change, which could materially impact our risk exposures, our total RWA and our capital ratios from period to period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Changes in accounting standards may adversely affect our consolidated results of operations and financial condition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Changes in tax laws, rules or regulations, challenges to our tax positions and changes in the composition of our pre-tax earnings may increase our effective tax rate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We could face liabilities for withholding and other non-income taxes, including in connection with our services to clients, as a result of tax authority examinations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our businesses may be negatively affected by adverse publicity or other reputational harm;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Shifting and maintaining operational activities to non-U.S. jurisdictions, changing our operating model, and outsourcing to, or insourcing from, third parties expose us to increased operational risk, geopolitical risk and reputational harm and may not result in expected cost savings or operational improvements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Attacks or unauthorized access to our or our business partners' or clients' information technology systems or facilities, such as cyber-attacks or other disruptions to our or their operations, could result in significant costs, reputational damage and impacts on our business activities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Long-term contracts and customizing service delivery for clients expose us to increased operational risk, pricing and performance risk;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We may not be able to protect our intellectual property or may infringe upon the rights of third parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The quantitative models we use to manage our business may contain errors that could adversely impact our business, financial condition, operating results and regulatory compliance, and lapses in disclosure controls and procedures or internal control over financial reporting could occur, any of which could result in material harm;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Our reputation and business prospects may be damaged if investors in the collective investment pools we sponsor or manage incur substantial losses in these investment pools or are restricted in redeeming their interests in these investment pools;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The impacts of global regulatory requirements and expectations, shifting client preferences, and disclosure requirements related to climate risks and sustainability standards could adversely affect us; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We may incur losses or face negative impacts on our business as a result of unforeseen events, including terrorist attacks, geopolitical events, acute or chronic physical risk events, including natural disasters, pandemics, global conflicts, or a banking crisis, which may have a negative impact on our business and operations.

Other important factors that could cause actual results to differ materially from those indicated by any forward-looking statements are set forth in our 2024 Annual Report on Form 10-K and our subsequent SEC filings. We encourage investors to read these filings, particularly the sections on risk factors, for additional information with respect to any forward-looking statements and prior to making any investment decision. The forward-looking statements contained in this News Release should not be relied on as representing our expectations or beliefs as of any time subsequent to the time this News Release is first issued, and we do not undertake efforts to revise those forward-looking statements to reflect events after that time.

## Exhibit 99.2

**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exhibit 99.2**

---

| | |
|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **September 30, 2025** | **September 30, 2025** |
| **Table of Contents** | **Table of Contents** |
| **GAAP-Basis Financial Information:** | |
| &nbsp;&nbsp;&nbsp;4-Year Summary of Results | &nbsp;&nbsp;[2](#i32728d2651cf4fd18196e7fd224757af_4) |
| &nbsp;&nbsp;&nbsp;Consolidated Results of Operations | &nbsp;&nbsp;[3](#i32728d2651cf4fd18196e7fd224757af_7) |
| &nbsp;&nbsp;&nbsp;Consolidated Statement of Condition | &nbsp;&nbsp;[5](#i32728d2651cf4fd18196e7fd224757af_10) |
| &nbsp;&nbsp;&nbsp;Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis | &nbsp;&nbsp;[6](#i32728d2651cf4fd18196e7fd224757af_13) |
| &nbsp;&nbsp;&nbsp;Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis - Year-to-Date | &nbsp;&nbsp;[7](#i32728d2651cf4fd18196e7fd224757af_16) |
| &nbsp;&nbsp;&nbsp;Selected Average Balances by Currency - Rates Earned and Paid | [8](#i32728d2651cf4fd18196e7fd224757af_19) |
| &nbsp;&nbsp;&nbsp;Investment Portfolio Holdings by Asset Class | [9](#i32728d2651cf4fd18196e7fd224757af_22) |
| &nbsp;&nbsp;&nbsp;Allowance for Credit Losses | &nbsp;&nbsp;[1](#i32728d2651cf4fd18196e7fd224757af_28)1 |
| &nbsp;&nbsp;&nbsp;Assets Under Custody and/or Administration | &nbsp;&nbsp;[1](#i32728d2651cf4fd18196e7fd224757af_31)2 |
| &nbsp;&nbsp;&nbsp;Assets Under Management | &nbsp;&nbsp;[1](#i32728d2651cf4fd18196e7fd224757af_34)3 |
| &nbsp;&nbsp;&nbsp;Line of Business Information | &nbsp;&nbsp;[1](#i32728d2651cf4fd18196e7fd224757af_37)4 |
| **Capital:** |  |
| &nbsp;&nbsp;&nbsp;Regulatory Capital | &nbsp;&nbsp;[1](#i32728d2651cf4fd18196e7fd224757af_40)5 |
| &nbsp;&nbsp;&nbsp;Reconciliations of Tangible Book Value per Share and Return on Tangible Common Equity | &nbsp;&nbsp;[1](#i32728d2651cf4fd18196e7fd224757af_43)6 |
| **Non-GAAP Financial Information:** |  |
| &nbsp;&nbsp;&nbsp;Reconciliations of Non-GAAP Financial Information | [1](#i32728d2651cf4fd18196e7fd224757af_46)7 |
| &nbsp;&nbsp;&nbsp;Reconciliation of Pre-tax Margin Excluding Notable Items | [21](#i32728d2651cf4fd18196e7fd224757af_49) |
| &nbsp;&nbsp;&nbsp;Reconciliations of Constant Currency FX Impacts | [2](#i32728d2651cf4fd18196e7fd224757af_52)2 |
| This financial information should be read in conjunction with State Street's news release dated October 17, 2025. | This financial information should be read in conjunction with State Street's news release dated October 17, 2025. |

---

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---

| | | | | |
|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **4-YEAR SUMMARY OF RESULTS** | **4-YEAR SUMMARY OF RESULTS** | **4-YEAR SUMMARY OF RESULTS** | **4-YEAR SUMMARY OF RESULTS** | **4-YEAR SUMMARY OF RESULTS** |
| (Dollars in millions, except per share amounts, or where otherwise noted) | 2021 | 2022 | 2023 | 2024 |
| **Year ended December 31:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total fee revenue | $10012 | $9606 | $9480 | $10156 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 1905 | 2544 | 2759 | 2923 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other income | 110 | (2) | (294) | (79) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue | 12027 | 12148 | 11945 | 13000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for credit losses | (33) | 20 | 46 | 75 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 8889 | 8801 | 9583 | 9530 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income before income tax expense | 3171 | 3327 | 2316 | 3395 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax expense | 478 | 553 | 372 | 708 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income | 2693 | 2774 | 1944 | 2687 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income available to common shareholders | $2572 | $2660 | $1821 | $2483 |
| **Per common share:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted earnings per common share | $7.19 | $7.19 | $5.58 | $8.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;Average diluted common shares outstanding (in thousands) | 357962 | 370109 | 326568 | 302226 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash dividends declared per common share | $2.18 | $2.40 | $2.64 | $2.90 |
| &nbsp;&nbsp;&nbsp;&nbsp;Closing price per share of common stock (at year end) | 93.00 | 77.57 | 77.46 | 98.15 |
| **Average balance sheet:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities | $111730 | $111929 | $105765 | $104784 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | 299743 | 286430 | 274696 | 311723 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 235404 | 222874 | 205111 | 225611 |
| **Ratios and other metrics:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Return on average common equity | 10.7% | 11.1% | 8.2% | 11.1% |
| &nbsp;&nbsp;&nbsp;Return on average tangible common equity<sup>(1)</sup> | 17.2 | 17.4 | 13.3 | 17.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pre-tax margin | 26.4 | 27.4 | 19.4 | 26.1 |
| &nbsp;&nbsp;&nbsp;Pre-tax margin, excluding notable items<sup>(2)</sup> | 27.6 | 28.4 | 26.4 | 27.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest margin, fully taxable-equivalent basis | 0.74 | 1.03 | 1.20 | 1.10 |
| &nbsp;&nbsp;&nbsp;Common equity tier 1 ratio<sup>(3)(4)</sup> | 14.3 | 13.6 | 11.6 | 10.9 |
| &nbsp;&nbsp;&nbsp;Tier 1 capital ratio<sup>(3)(4)</sup> | 16.1 | 15.4 | 13.4 | 13.2 |
| &nbsp;&nbsp;&nbsp;Total capital ratio<sup>(3)(4)</sup> | 17.5 | 16.8 | 15.2 | 14.8 |
| &nbsp;&nbsp;&nbsp;Tier 1 leverage ratio<sup>(3)</sup> | 6.1 | 6.0 | 5.5 | 5.2 |
| &nbsp;&nbsp;&nbsp;Supplementary leverage ratio<sup>(3)</sup> | 7.4 | 7.0 | 6.2 | 6.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets under custody and/or administration (in trillions) | $43.68 | $36.74 | $41.81 | $46.56 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets under management (in trillions) | 4.14 | 3.48 | 4.13 | 4.72 |
| <sup>(1)</sup> Return on average tangible common equity is calculated by dividing the net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Return on average tangible common equity is calculated by dividing the net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Return on average tangible common equity is calculated by dividing the net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Return on average tangible common equity is calculated by dividing the net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Return on average tangible common equity is calculated by dividing the net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. |
| <sup>(2)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of pre-tax margin excluding notable items for details. | <sup>(2)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of pre-tax margin excluding notable items for details. | <sup>(2)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of pre-tax margin excluding notable items for details. | <sup>(2)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of pre-tax margin excluding notable items for details. | <sup>(2)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of pre-tax margin excluding notable items for details. |
| <sup>(3)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. | <sup>(3)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. | <sup>(3)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. | <sup>(3)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. | <sup>(3)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. |
| <sup>(4)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches.  | <sup>(4)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches.  | <sup>(4)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches.  | <sup>(4)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches.  | <sup>(4)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches.  |

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **CONSOLIDATED RESULTS OF OPERATIONS** | **CONSOLIDATED RESULTS OF OPERATIONS** | **CONSOLIDATED RESULTS OF OPERATIONS** | **CONSOLIDATED RESULTS OF OPERATIONS** | **CONSOLIDATED RESULTS OF OPERATIONS** | **CONSOLIDATED RESULTS OF OPERATIONS** | **CONSOLIDATED RESULTS OF OPERATIONS** | **CONSOLIDATED RESULTS OF OPERATIONS** | **CONSOLIDATED RESULTS OF OPERATIONS** | **CONSOLIDATED RESULTS OF OPERATIONS** | **CONSOLIDATED RESULTS OF OPERATIONS** | **CONSOLIDATED RESULTS OF OPERATIONS** | **CONSOLIDATED RESULTS OF OPERATIONS** |
|  | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | % Change | % Change | Year-to-Date | Year-to-Date | % Change |
| (Dollars in millions, except per share amounts, or where otherwise noted) | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 1Q25 | 2Q25 | **3Q25** | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 | 2024 | **2025** | YTD2025<br> vs. <br>YTD2024 |
| **Fee revenue:** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Servicing fees | $1228 | $1239 | $1266 | $1283 | $1275 | $1304 | $**1357** | 7.2% | 4.1% | $3733 | $**3936** | 5.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Management fees | 510 | 511 | 527 | 576 | 562 | 562 | **612** | 16.1 | 8.9 | 1548 | **1736** | 12.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange trading services | 331 | 336 | 374 | 360 | 362 | 431 | **416** | 11.2 | (3.5) | 1041 | **1209** | 16.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities finance | 96 | 108 | 116 | 118 | 114 | 126 | **138** | 19.0 | 9.5 | 320 | **378** | 18.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Front office software and data | 144 | 152 | 146 | 197 | 158 | 169 | **167** | 14.4 | (1.2) | 442 | **494** | 11.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lending related and other fees | 63 | 62 | 62 | 62 | 67 | 61 | **60** | (3.2) | (1.6) | 187 | **188** | 0.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Software and processing fees | 207 | 214 | 208 | 259 | 225 | 230 | **227** | 9.1 | (1.3) | 629 | **682** | 8.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other fee revenue | 50 | 48 | 125 | 66 | 32 | 66 | **79** | (36.8) | 19.7 | 223 | **177** | (20.6) |
| Total fee revenue | 2422 | 2456 | 2616 | 2662 | 2570 | 2719 | **2829** | 8.1 | 4.0 | 7494 | **8118** | 8.3 |
| **Net interest income:** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest income | 2889 | 2998 | 3081 | 3009 | 2922 | 3055 | **2918** | (5.3) | (4.5) | 8968 | **8895** | (0.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | 2173 | 2263 | 2358 | 2260 | 2208 | 2326 | **2203** | (6.6) | (5.3) | 6794 | **6737** | (0.8) |
| Net interest income | 716 | 735 | 723 | 749 | 714 | 729 | **715** | (1.1) | (1.9) | 2174 | **2158** | (0.7) |
| **Other income:** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gains (losses) related to investment securities, net |  |  | (80) | 1 |  |  | **1** | nm | nm | (80) | **1** | nm |
| Total other income |  |  | (80) | 1 |  |  | **1** | nm | nm | (80) | **1** | nm |
| **Total revenue** | 3138 | 3191 | 3259 | 3412 | 3284 | 3448 | **3545** | 8.8 | 2.8 | 9588 | **10277** | 7.2 |
| Provision for credit losses | 27 | 10 | 26 | 12 | 12 | 30 | **9** | (65.4) | (70.0) | 63 | **51** | (19.0) |
| **Expenses:** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Compensation and employee benefits | 1252 | 1099 | 1134 | 1212 | 1262 | 1280 | **1162** | 2.5 | (9.2) | 3485 | **3704** | 6.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Information systems and communications | 432 | 454 | 463 | 480 | 497 | 523 | **517** | 11.7 | (1.1) | 1349 | **1537** | 13.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transaction processing services | 248 | 250 | 255 | 245 | 258 | 260 | **276** | 8.2 | 6.2 | 753 | **794** | 5.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Occupancy | 103 | 106 | 105 | 123 | 103 | 105 | **106** | 1.0 | 1.0 | 314 | **314** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of other intangible assets | 60 | 60 | 56 | 54 | 54 | 56 | **56** |  |  | 176 | **166** | (5.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 418 | 300 | 295 | 326 | 276 | 305 | **317** | 7.5 | 3.9 | 1013 | **898** | (11.4) |
| **Total expenses** | 2513 | 2269 | 2308 | 2440 | 2450 | 2529 | **2434** | 5.5 | (3.8) | 7090 | **7413** | 4.6 |
| Income before income tax expense | 598 | 912 | 925 | 960 | 822 | 889 | **1102** | 19.1 | 24.0 | 2435 | **2813** | 15.5 |
| Income tax expense | 135 | 201 | 195 | 177 | 178 | 196 | **241** | 23.6 | 23.0 | 531 | **615** | 15.8 |
| **Net income** | $463 | $711 | $730 | $783 | $644 | $693 | $**861** | 17.9 | 24.2 | $1904 | $**2198** | 15.4 |

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **CONSOLIDATED RESULTS OF OPERATIONS (Continued)** | **CONSOLIDATED RESULTS OF OPERATIONS (Continued)** | **CONSOLIDATED RESULTS OF OPERATIONS (Continued)** | **CONSOLIDATED RESULTS OF OPERATIONS (Continued)** | **CONSOLIDATED RESULTS OF OPERATIONS (Continued)** | **CONSOLIDATED RESULTS OF OPERATIONS (Continued)** | **CONSOLIDATED RESULTS OF OPERATIONS (Continued)** | **CONSOLIDATED RESULTS OF OPERATIONS (Continued)** | **CONSOLIDATED RESULTS OF OPERATIONS (Continued)** | **CONSOLIDATED RESULTS OF OPERATIONS (Continued)** | **CONSOLIDATED RESULTS OF OPERATIONS (Continued)** | **CONSOLIDATED RESULTS OF OPERATIONS (Continued)** | **CONSOLIDATED RESULTS OF OPERATIONS (Continued)** | **CONSOLIDATED RESULTS OF OPERATIONS (Continued)** |
|  | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | % Change | % Change | Year-to-Date | Year-to-Date | % Change |  |
| (Dollars in millions, except per share amounts, or where otherwise noted) | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 1Q25 | 2Q25 | **3Q25** | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 | 2024 | **2025** | YTD2025<br> vs. <br>YTD2024 |  |
| Adjustments to net income: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Dividends on preferred stock | $(45) | $(55) | $(48) | $(54) | $(46) | $(63) | $**(58)** | (20.8)% | 7.9% | $(148) | $**(167)** | (12.8)% |  |
| Earnings allocated to participating securities |  | (1) |  | (1) | (1) |  | **(1)** | nm | nm | (1) | **(2)** | nm |  |
| Net income available to common shareholders | $418 | $655 | $682 | $728 | $597 | $630 | $**802** | 17.6 | 27.3 | $1755 | $**2029** | 15.6 |  |
| **Per common share:** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic earnings | $1.38 | $2.18 | $2.29 | 2.50 | $2.07 | $2.20 | $**2.83** | 23.6 | 28.6 | $5.85 | $**7.09** | 21.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted earnings | 1.37 | 2.15 | 2.26 | 2.46 | 2.04 | 2.17 | **2.78** | 23.0 | 28.1 | 5.77 | **6.98** | 21.0 |  |
| **Average common shares outstanding (in thousands):** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 301991 | 300564 | 297365 | 291686 | 288562 | 286281 | **283434** | (4.7) | (1.0) | 299964 | **286074** | (4.6) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 305943 | 304765 | 301847 | 296420 | 292716 | 290490 | **288163** | (4.5) | (0.8) | 304176 | **290439** | (4.5) |  |
| Cash dividends declared per common share | $0.69 | $0.69 | $0.76 | $0.76 | $0.76 | $0.76 | $**0.84** | 10.5 | 10.5 | $2.14 | $**2.36** | 10.3 |  |
| Closing price per share of common stock (as of quarter end) | 77.32 | 74.00 | 88.47 | 98.15 | 89.53 | 106.34 | **116.01** | 31.1 | 9.1 | 88.47 | **116.01** | 31.1 |  |
| Book value per common share | $72.85 | $74.50 | $78.22 | $77.95 | $80.13 | $83.16 | $**85.33** | 9.1 | 2.6 | $78.22 | $**85.33** | 9.1 |  |
| Tangible book value per common share<sup>(1)</sup> | 45.06 | 46.10 | 49.22 | 49.14 | 51.23 | 53.56 | **55.57** | 12.9 | 3.8 | 49.22 | **55.57** | 12.9 |  |
| **Balance sheet averages:** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment securities | $101318 | $105098 | $107364 | $105322 | $110070 | $112083 | $**111821** | 4.2 | (0.2) | $104603 | $**111332** | 6.4 |  |
| Total assets | 298570 | 306298 | 314640 | 327181 | 337291 | 353779 | **340480** | 8.2 | (3.8) | 306532 | **343862** | 12.2 |  |
| Total deposits | 218892 | 220881 | 225482 | 237066 | 243036 | 260745 | **254509** | 12.9 | (2.4) | 221765 | **252805** | 14.0 |  |
| **Ratios and other metrics:** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Effective tax rate | 22.5% | 22.1% | 21.1% | 18.4% | 21.7% | 22.0% | **21.9%** | 0.8% | (0.1)% | 21.8% | **21.9%** | 0.1% | pts |
| Return on average common equity | 7.7 | 11.9 | 12.0 | 12.7 | 10.6 | 10.8 | **13.4** | 1.4 | 2.6 | 10.6 | **11.6** | 1.0 |  |
| Return on average tangible common equity<sup>(2)</sup> | 12.4 | 19.3 | 19.3 | 20.3 | 16.4 | 16.7 | **20.9** | 1.6 | 4.2 | 17.1 | **18.0** | 0.9 |  |
| Pre-tax margin | 19.1 | 28.6 | 28.4 | 28.1 | 25.0 | 25.8 | **31.1** | 2.7 | 5.3 | 25.4 | **27.4** | 2.0 |  |
| Pre-tax margin, excluding notable items<sup>(3)</sup> | 23.2 | 28.6 | 28.4 | 29.8 | 25.0 | 29.6 | **31.1** | 2.7 | 1.5 | 26.8 | **28.7** | 1.9 |  |
| Net interest margin, fully taxable-equivalent basis | 1.13 | 1.13 | 1.07 | 1.07 | 1.00 | 0.96 | **0.96** | (0.1) |  | 1.11 | **0.97** | (0.1) |  |
| Common equity tier 1 ratio<sup>(4)(5)</sup> | 11.1 | 11.2 | 11.6 | 10.9 | 11.0 | 10.7 | **11.3** | (0.3) | 0.6 | 11.6 | **11.3** | (0.3) |  |
| Tier 1 capital ratio<sup>(4)(5)</sup> | 13.2 | 13.3 | 13.9 | 13.2 | 13.8 | 13.3 | **13.9** |  | 0.6 | 13.9 | **13.9** |  |  |
| Total capital ratio<sup>(4)(5)</sup> | 14.9 | 15.0 | 15.6 | 14.8 | 15.3 | 14.8 | **15.5** | (0.1) | 0.7 | 15.6 | **15.5** | (0.1) |  |
| Tier 1 leverage ratio<sup>(4)</sup> | 5.4 | 5.3 | 5.5 | 5.2 | 5.5 | 5.3 | **5.6** | 0.1 | 0.3 | 5.5 | **5.6** | 0.1 |  |
| Supplementary leverage ratio<sup>(4)</sup> | 6.5 | 6.3 | 6.4 | 6.2 | 6.5 | 6.3 | **6.4** |  | 0.1 | 6.4 | **6.4** |  |  |
| Assets under custody and/or administration (in billions) | $43912 | $44312 | $46759 | $46557 | $46733 | $49000 | $**51664** | 10.5% | 5.4% | $46759 | $**51664** | 10.5% |  |
| Assets under management (in billions) | 4299 | 4369 | 4732 | 4715 | 4665 | 5117 | **5446** | 15.1 | 6.4 | 4732 | **5446** | 15.1 |  |
| Average securities on loan<sup>(6)</sup> | 301247 | 334675 | 349113 | 354372 | 358869 | 386730 | **404378** | 15.8 | 4.6 | 328421 | **383493** | 16.8 |  |
| <sup>(1)</sup> Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(1)</sup> Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. |
| <sup>(2)</sup> Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly return on average tangible common equity calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(2)</sup> Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly return on average tangible common equity calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(2)</sup> Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly return on average tangible common equity calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(2)</sup> Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly return on average tangible common equity calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(2)</sup> Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly return on average tangible common equity calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(2)</sup> Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly return on average tangible common equity calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(2)</sup> Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly return on average tangible common equity calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(2)</sup> Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly return on average tangible common equity calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(2)</sup> Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly return on average tangible common equity calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(2)</sup> Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly return on average tangible common equity calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(2)</sup> Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly return on average tangible common equity calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(2)</sup> Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly return on average tangible common equity calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(2)</sup> Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly return on average tangible common equity calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. | <sup>(2)</sup> Return on average tangible common equity is calculated by dividing annualized net income available to common shareholders (GAAP-basis) for the relevant period by average tangible common equity (non-GAAP). Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly return on average tangible common equity calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details. |
| <sup>(3)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details. | <sup>(3)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details. | <sup>(3)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details. | <sup>(3)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details. | <sup>(3)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details. | <sup>(3)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details. | <sup>(3)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details. | <sup>(3)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details. | <sup>(3)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details. | <sup>(3)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details. | <sup>(3)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details. | <sup>(3)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details. | <sup>(3)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details. | <sup>(3)</sup> Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details. |
| <sup>(4)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2025 are estimates. | <sup>(4)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2025 are estimates. | <sup>(4)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2025 are estimates. | <sup>(4)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2025 are estimates. | <sup>(4)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2025 are estimates. | <sup>(4)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2025 are estimates. | <sup>(4)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2025 are estimates. | <sup>(4)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2025 are estimates. | <sup>(4)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2025 are estimates. | <sup>(4)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2025 are estimates. | <sup>(4)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2025 are estimates. | <sup>(4)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2025 are estimates. | <sup>(4)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2025 are estimates. | <sup>(4)</sup> The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of September 30, 2025 are estimates. |
| <sup>(5)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios. | <sup>(5)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios. | <sup>(5)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios. | <sup>(5)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios. | <sup>(5)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios. | <sup>(5)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios. | <sup>(5)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios. | <sup>(5)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios. | <sup>(5)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios. | <sup>(5)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios. | <sup>(5)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios. | <sup>(5)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios. | <sup>(5)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios. | <sup>(5)</sup> The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios. |
| <sup>(6)</sup> End-of-period securities on loan were $339,940 million, $339,111 million, $378,713 million and $327,389 million at March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively, and $376,269 million, $387,070 million and $397,730 million at March 31, 2025, June 30, 2025, and September 30, 2025, respectively. | <sup>(6)</sup> End-of-period securities on loan were $339,940 million, $339,111 million, $378,713 million and $327,389 million at March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively, and $376,269 million, $387,070 million and $397,730 million at March 31, 2025, June 30, 2025, and September 30, 2025, respectively. | <sup>(6)</sup> End-of-period securities on loan were $339,940 million, $339,111 million, $378,713 million and $327,389 million at March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively, and $376,269 million, $387,070 million and $397,730 million at March 31, 2025, June 30, 2025, and September 30, 2025, respectively. | <sup>(6)</sup> End-of-period securities on loan were $339,940 million, $339,111 million, $378,713 million and $327,389 million at March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively, and $376,269 million, $387,070 million and $397,730 million at March 31, 2025, June 30, 2025, and September 30, 2025, respectively. | <sup>(6)</sup> End-of-period securities on loan were $339,940 million, $339,111 million, $378,713 million and $327,389 million at March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively, and $376,269 million, $387,070 million and $397,730 million at March 31, 2025, June 30, 2025, and September 30, 2025, respectively. | <sup>(6)</sup> End-of-period securities on loan were $339,940 million, $339,111 million, $378,713 million and $327,389 million at March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively, and $376,269 million, $387,070 million and $397,730 million at March 31, 2025, June 30, 2025, and September 30, 2025, respectively. | <sup>(6)</sup> End-of-period securities on loan were $339,940 million, $339,111 million, $378,713 million and $327,389 million at March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively, and $376,269 million, $387,070 million and $397,730 million at March 31, 2025, June 30, 2025, and September 30, 2025, respectively. | <sup>(6)</sup> End-of-period securities on loan were $339,940 million, $339,111 million, $378,713 million and $327,389 million at March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively, and $376,269 million, $387,070 million and $397,730 million at March 31, 2025, June 30, 2025, and September 30, 2025, respectively. | <sup>(6)</sup> End-of-period securities on loan were $339,940 million, $339,111 million, $378,713 million and $327,389 million at March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively, and $376,269 million, $387,070 million and $397,730 million at March 31, 2025, June 30, 2025, and September 30, 2025, respectively. | <sup>(6)</sup> End-of-period securities on loan were $339,940 million, $339,111 million, $378,713 million and $327,389 million at March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively, and $376,269 million, $387,070 million and $397,730 million at March 31, 2025, June 30, 2025, and September 30, 2025, respectively. | <sup>(6)</sup> End-of-period securities on loan were $339,940 million, $339,111 million, $378,713 million and $327,389 million at March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively, and $376,269 million, $387,070 million and $397,730 million at March 31, 2025, June 30, 2025, and September 30, 2025, respectively. | <sup>(6)</sup> End-of-period securities on loan were $339,940 million, $339,111 million, $378,713 million and $327,389 million at March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively, and $376,269 million, $387,070 million and $397,730 million at March 31, 2025, June 30, 2025, and September 30, 2025, respectively. | <sup>(6)</sup> End-of-period securities on loan were $339,940 million, $339,111 million, $378,713 million and $327,389 million at March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively, and $376,269 million, $387,070 million and $397,730 million at March 31, 2025, June 30, 2025, and September 30, 2025, respectively. | <sup>(6)</sup> End-of-period securities on loan were $339,940 million, $339,111 million, $378,713 million and $327,389 million at March 31, 2024, June 30, 2024, September 30, 2024 and December 31, 2024, respectively, and $376,269 million, $387,070 million and $397,730 million at March 31, 2025, June 30, 2025, and September 30, 2025, respectively. |
| <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful |

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 **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

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| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **CONSOLIDATED STATEMENT OF CONDITION** | **CONSOLIDATED STATEMENT OF CONDITION** | **CONSOLIDATED STATEMENT OF CONDITION** | **CONSOLIDATED STATEMENT OF CONDITION** | **CONSOLIDATED STATEMENT OF CONDITION** | **CONSOLIDATED STATEMENT OF CONDITION** | **CONSOLIDATED STATEMENT OF CONDITION** | **CONSOLIDATED STATEMENT OF CONDITION** | **CONSOLIDATED STATEMENT OF CONDITION** | **CONSOLIDATED STATEMENT OF CONDITION** |
|  | As of | As of | As of | As of | As of | As of | As of | % Change | % Change |
| (Dollars in millions, except per share amounts) | March 31, 2024 | June 30, 2024 | September 30, 2024 | December 31, 2024 | March 31, 2025 | June 30, 2025 | **September 30, 2025** | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 |
| **Assets:** |  |  |  |  |  |  |  |  |  |
| Cash and due from banks | $3413 | $2898 | $4067 | $3145 | $4658 | $4020 | $**4756** | 16.9% | 18.3% |
| Interest-bearing deposits with banks, net | 125486 | 99876 | 105121 | 112957 | 119464 | 118835 | **122642** | 16.7 | 3.2 |
| Securities purchased under resale agreements | 7489 | 6340 | 8334 | 6679 | 7971 | 8275 | **7730** | (7.2) | (6.6) |
| Trading account assets | 760 | 780 | 802 | 768 | 743 | 791 | **884** | 10.2 | 11.8 |
| Investment securities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities available-for-sale, net | 48640 | 56755 | 56853 | 58895 | 67444 | 70603 | **69443** | 22.1 | (1.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities held-to-maturity, net<sup>(1)</sup> | 52914 | 51051 | 49477 | 47727 | 45505 | 43286 | **40934** | (17.3) | (5.4) |
| Total investment securities | 101554 | 107806 | 106330 | 106622 | 112949 | 113889 | **110377** | 3.8 | (3.1) |
| Loans | 38635 | 39376 | 41961 | 43200 | 44685 | 47279 | **46660** | 11.2 | (1.3) |
| Allowance for credit losses on loans<sup>(2)</sup> | 135 | 136 | 162 | 174 | 176 | 179 | **190** | 17.3 | 6.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans, net | 38500 | 39240 | 41799 | 43026 | 44509 | 47100 | **46470** | 11.2 | (1.3) |
| Premises and equipment, net<sup>(3)</sup> | 2479 | 2539 | 2621 | 2715 | 2784 | 2942 | **3080** | 17.5 | 4.7 |
| Accrued interest and fees receivable | 4014 | 4066 | 4160 | 4034 | 4280 | 4589 | **4476** | 7.6 | (2.5) |
| Goodwill | 7582 | 7751 | 7833 | 7691 | 7763 | 7918 | **7916** | 1.1 |  |
| Other intangible assets | 1258 | 1209 | 1166 | 1089 | 1046 | 1014 | **958** | (17.8) | (5.5) |
| Other assets | 45468 | 53098 | 56248 | 64514 | 66526 | 67344 | **61781** | 9.8 | (8.3) |
| Total assets | $338003 | $325603 | $338481 | $353240 | $372693 | $376717 | $**371070** | 9.6 | (1.5) |
| **Liabilities:** |  |  |  |  |  |  |  |  |  |
| Deposits: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-interest-bearing | $37367 | $34519 | $31448 | $33180 | $32265 | $34569 | $**34395** | 9.4 | (0.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing - U.S. | 148485 | 140983 | 145527 | 166483 | 168362 | 169444 | **169013** | 16.1 | (0.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing - Non-U.S. | 66032 | 63658 | 70454 | 62257 | 71429 | 79011 | **76591** | 8.7 | (3.1) |
| Total deposits<sup>(4)</sup> | 251884 | 239160 | 247429 | 261920 | 272056 | 283024 | **279999** | 13.2 | (1.1) |
| Securities sold under repurchase agreements | 3576 | 2716 | 2119 | 3681 | 3524 | 2377 | **206** | (90.3) | (91.3) |
| Other short-term borrowings | 11541 | 13571 | 10018 | 9840 | 11849 | 9844 | **9825** | (1.9) | (0.2) |
| Accrued expenses and other liabilities | 26823 | 25657 | 32185 | 29201 | 33726 | 28254 | **28710** | (10.8) | 1.6 |
| Long-term debt | 19746 | 19737 | 20902 | 23272 | 24846 | 25911 | **24688** | 18.1 | (4.7) |
| Total liabilities | 313570 | 300841 | 312653 | 327914 | 346001 | 349410 | **343428** | 9.8 | (1.7) |
| **Shareholders' equity:** |  |  |  |  |  |  |  |  |  |
| Preferred stock, no par, 3,500,000 shares authorized: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series G, 5,000 shares issued and outstanding | 493 | 493 | 493 | 493 | 493 | 493 | **493** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series H, 5,000 shares issued and outstanding | 494 | 494 |  |  |  |  | **—** | nm |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series I, 15,000 shares issued and outstanding | 1481 | 1481 | 1481 | 1481 | 1481 | 1481 | **1481** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series J, 8,500 shares issued and outstanding |  |  | 842 | 842 | 842 | 842 | **842** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series K, 7,500 shares issued and outstanding |  |  |  |  | 743 | 743 | **743** | nm |  |
| Common stock, $1 par, 750,000,000 shares authorized<sup>(5)(6)</sup> | 504 | 504 | 504 | 504 | 504 | 504 | **504** |  |  |
| Surplus | 10724 | 10721 | 10723 | 10722 | 10693 | 10698 | **10704** | (0.2) | 0.1 |
| Retained earnings | 28166 | 28615 | 29073 | 29582 | 29959 | 30373 | **30938** | 6.4 | 1.9 |
| Accumulated other comprehensive income (loss) | (2369) | (2314) | (1625) | (2100) | (1792) | (1321) | **(1172)** | 27.9 | 11.3 |
| Treasury stock, at cost<sup>(7)</sup> | (15060) | (15232) | (15663) | (16198) | (16231) | (16506) | **(16891)** | (7.8) | (2.3) |
| Total shareholders' equity | 24433 | 24762 | 25828 | 25326 | 26692 | 27307 | **27642** | 7.0 | 1.2 |
| Total liabilities and equity | $338003 | $325603 | $338481 | $353240 | $372693 | $376717 | $**371070** | 9.6 | (1.5) |
| <sup>(1)</sup> Fair value of investment securities held-to-maturity | $46823 | $44916 | $44925 | $41906 | $40424 | $38485 | $**36654** |  |  |
| <sup>(2)</sup> Total allowance for credit losses including off-balance sheet commitments | 146 | 145 | 171 | 183 | 186 | 192 | **201** |  |  |
| <sup>(3)</sup> Accumulated depreciation for premises and equipment  | 6193 | 6318 | 6400 | 6461 | 6635 | 6824 | **6979** |  |  |
| <sup>(4)</sup> Average total deposits | 218892 | 220881 | 225482 | 237066 | 243036 | 260745 | **254509** |  |  |
| <sup>(5)</sup> Common stock shares issued  | 503879642 | 503879642 | 503879642 | 503879642 | 503879642 | 503879642 | **503879642** |  |  |
| <sup>(6)</sup> Total common shares outstanding  | 301504470 | 299231005 | 294191001 | 288766452 | 288676229 | 285561974 | **282217819** |  |  |
| <sup>(7)</sup> Treasury stock shares  | 202375172 | 204648637 | 209688641 | 215113190 | 215203413 | 218317668 | **221661823** |  |  |
| <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful |

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| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS**<sup>(1)</sup> |
| The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit. |
|  | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | % Change | % Change |
|  | 1Q24 | 1Q24 | 2Q24 | 2Q24 | 3Q24 | 3Q24 | 4Q24 | 4Q24 | 1Q25 | 1Q25 | 2Q25 | 2Q25 | **3Q25** | **3Q25** | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 |
| (Dollars in millions; fully-taxable equivalent basis) | Average balance | Average rates | Average balance | Average rates | Average balance | Average rates | Average balance | Average rates | Average balance | Average rates | Average balance | Average rates | Average balance | Average rates | Average balance | Average balance |
| **Assets:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest-bearing deposits with banks, net | $90230 | 4.45% | $87894 | 4.25% | $86884 | 4.02% | $90018 | 3.67% | $92780 | 3.36% | $98321 | 3.23% | $**88130** | **3.03%** | 1.4% | (10.4)% |
| Securities purchased under resale agreements<sup>(2)</sup> | 6118 | 10.97 | 6558 | 10.17 | 6991 | 10.44 | 7480 | 9.04 | 7716 | 8.66 | 9169 | 7.83 | **8643** | **7.82** | 23.6 | (5.7) |
| Trading account assets | 767 |  | 779 |  | 788 |  | 795 |  | 756 | 0.15 | 791 | 0.06 | **806** | **0.90** | 2.3 | 1.9 |
| Investment securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities available-for-sale, net | 46497 | 4.93 | 53204 | 5.06 | 57302 | 5.13 | 57205 | 4.90 | 63428 | 4.57 | 67718 | 4.45 | **69898** | **4.43** | 22.0 | 3.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities held-to-maturity, net | 54821 | 2.14 | 51894 | 2.14 | 50062 | 2.12 | 48117 | 2.11 | 46642 | 2.07 | 44365 | 2.11 | **41923** | **2.15** | (16.3) | (5.5) |
| Total investment securities  | 101318 | 3.42 | 105098 | 3.62 | 107364 | 3.73 | 105322 | 3.63 | 110070 | 3.51 | 112083 | 3.52 | **111821** | **3.58** | 4.2 | (0.2) |
| Loans<sup>(3)</sup> | 37747 | 5.82 | 38703 | 5.85 | 39782 | 5.79 | 42377 | 5.48 | 43730 | 5.17 | 45277 | 5.08 | **46500** | **4.98** | 16.9 | 2.7 |
| Other interest-earning assets | 18153 | 6.92 | 22708 | 6.92 | 27697 | 6.35 | 32534 | 5.76 | 34464 | 5.49 | 39007 | 5.38 | **39557** | **4.92** | 42.8 | 1.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 254333 | 4.57 | 261740 | 4.61 | 269506 | 4.55 | 278526 | 4.30 | 289516 | 4.09 | 304648 | 4.02 | **295457** | **3.92** | 9.6 | (3.0) |
| Cash and due from banks | 4608 |  | 2861 |  | 3417 |  | 3811 |  | 4516 |  | 4058 |  | **4336** |  | 26.9 | 6.9 |
| Other non-interest-earning assets | 39629 |  | 41697 |  | 41717 |  | 44844 |  | 43259 |  | 45073 |  | **40687** |  | (2.5) | (9.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | $298570 |  | $306298 |  | $314640 |  | $327181 |  | $337291 |  | $353779 |  | $**340480** |  | 8.2 | (3.8) |
| **Liabilities:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. | $129846 | 4.22% | $132162 | 4.15% | $135440 | 4.16% | $146040 | 3.79% | $154462 | 3.54% | $159770 | 3.50% | $**157132** | **3.49%** | 16.0% | (1.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. | 62087 | 1.80 | 63767 | 1.72 | 65824 | 1.70 | 64871 | 1.62 | 63677 | 1.38 | 76807 | 1.55 | **73428** | **1.49** | 11.6 | (4.4) |
| Total interest-bearing deposits<sup>(4)</sup> | 191933 | 3.44 | 195929 | 3.36 | 201264 | 3.35 | 210911 | 3.12 | 218139 | 2.91 | 236577 | 2.87 | **230560** | **2.86** | 14.6 | (2.5) |
| Securities sold under repurchase agreements | 3122 | 5.06 | 3404 | 5.07 | 2193 | 4.98 | 3937 | 4.67 | 4530 | 4.54 | 3160 | 4.42 | **1002** | **3.44** | (54.3) | (68.3) |
| Other short-term borrowings | 8314 | 4.85 | 13073 | 5.15 | 13639 | 5.16 | 10656 | 4.96 | 11848 | 4.64 | 10179 | 4.51 | **10069** | **4.88** | (26.2) | (1.1) |
| Long-term debt | 18944 | 5.44 | 19694 | 5.44 | 20258 | 5.27 | 22658 | 5.18 | 23742 | 5.00 | 25864 | 4.98 | **25273** | **4.93** | 24.8 | (2.3) |
| Other interest-bearing liabilities | 4430 | 12.29 | 4753 | 12.57 | 5238 | 14.41 | 4873 | 10.93 | 5471 | 11.76 | 3543 | 18.35 | **3445** | **11.39** | (34.2) | (2.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 226743 | 3.85 | 236853 | 3.84 | 242592 | 3.87 | 253035 | 3.55 | 263730 | 3.40 | 279323 | 3.34 | **270349** | **3.23** | 11.4 | (3.2) |
| Non-interest-bearing deposits<sup>(5)</sup> | 26959 |  | 24952 |  | 24218 |  | 26155 |  | 24897 |  | 24168 |  | **23949** |  | (1.1) | (0.9) |
| Other non-interest-bearing liabilities | 20233 |  | 19964 |  | 22119 |  | 22431 |  | 22554 |  | 23232 |  | **18850** |  | (14.8) | (18.9) |
| Preferred shareholders' equity | 2785 |  | 2468 |  | 3020 |  | 2816 |  | 3263 |  | 3560 |  | **3560** |  | 17.9 |  |
| Common shareholders' equity | 21850 |  | 22061 |  | 22691 |  | 22744 |  | 22847 |  | 23496 |  | **23772** |  | 4.8 | 1.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $298570 |  | $306298 |  | $314640 |  | $327181 |  | $337291 |  | $353779 |  | $**340480** |  | 8.2 | (3.8) |
| Total deposits | $218892 |  | $220881 |  | $225482 |  | $237066 |  | $243036 |  | $260745 |  | $**254509** |  | 12.9 | (2.4) |
| Excess of rate earned over rate paid |  | 0.72% |  | 0.77% |  | 0.68% |  | 0.74% |  | 0.70% |  | 0.68% |  | **0.69%** |  |  |
| Net interest margin |  | 1.13% |  | 1.13% |  | 1.07% |  | 1.07% |  | 1.00% |  | 0.96% |  | **0.96%** |  |  |
| Net interest income, fully taxable-equivalent basis |  | $717 |  | $736 |  | $724 |  | $749 |  | $714 |  | $729 |  | $**716** |  |  |
| Tax-equivalent adjustment |  | (1) |  | (1) |  | (1) |  |  |  |  |  |  |  | **(1)** |  |  |
| Net interest income, GAAP-basis<sup>(4)</sup> |  | $716 |  | $735 |  | $723 |  | $749 |  | $714 |  | $729 |  | $**715** |  |  |
| <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. |
| <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $172 billion, $180 billion, $201 billion and $212 billion in the first, second, third and fourth quarters of 2024, respectively, and approximately $232 billion, $253 billion and $251 billion in the first, second and third quarters of 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.38%, 0.36%, 0.35% and 0.31% in the first, second, third and fourth quarters of 2024, respectively, and approximately 0.28%, 0.27% and 0.26% in the first, second and third quarters of 2025, respectively. |
| <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $37,626 million, $38,573 million, $39,645 million and $42,214 million in the first, second, third and fourth quarters of 2024, respectively and approximately $43,562 million, $45,113 million and $46,321 million in the first, second and third quarters of 2025, respectively. |
| <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. | <sup>(4)</sup> Average rates includes the impact of FX swap expense of approximately ($49) million, ($64) million, ($82) million and ($80) million in the first, second, third and fourth quarters of 2024, respectively, and approximately ($83) million, ($42) million and ($31) million in the first, second and third quarters of 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 3.54%, 3.49%, 3.52% and 3.27% in the first, second, third and fourth quarters of 2024, respectively, and approximately 3.07%, 2.94% and 2.91% in the first, second and third quarters of 2025, respectively. |
| <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. |

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 **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS - YEAR TO DATE**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS - YEAR TO DATE**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS - YEAR TO DATE**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS - YEAR TO DATE**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS - YEAR TO DATE**<sup>(1)</sup> | **AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS - YEAR TO DATE**<sup>(1)</sup> |
| The following table presents consolidated average interest-earning assets, average interest-bearing liabilities and related average rates earned and paid, respectively, for the years indicated, on a fully taxable-equivalent basis, which is a non-GAAP measure. Tax-equivalent adjustments were calculated using a federal income tax rate of 21% for periods ending in 2024 and 2025, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents consolidated average interest-earning assets, average interest-bearing liabilities and related average rates earned and paid, respectively, for the years indicated, on a fully taxable-equivalent basis, which is a non-GAAP measure. Tax-equivalent adjustments were calculated using a federal income tax rate of 21% for periods ending in 2024 and 2025, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents consolidated average interest-earning assets, average interest-bearing liabilities and related average rates earned and paid, respectively, for the years indicated, on a fully taxable-equivalent basis, which is a non-GAAP measure. Tax-equivalent adjustments were calculated using a federal income tax rate of 21% for periods ending in 2024 and 2025, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents consolidated average interest-earning assets, average interest-bearing liabilities and related average rates earned and paid, respectively, for the years indicated, on a fully taxable-equivalent basis, which is a non-GAAP measure. Tax-equivalent adjustments were calculated using a federal income tax rate of 21% for periods ending in 2024 and 2025, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents consolidated average interest-earning assets, average interest-bearing liabilities and related average rates earned and paid, respectively, for the years indicated, on a fully taxable-equivalent basis, which is a non-GAAP measure. Tax-equivalent adjustments were calculated using a federal income tax rate of 21% for periods ending in 2024 and 2025, adjusted for applicable state income taxes, net of related federal benefit. | The following table presents consolidated average interest-earning assets, average interest-bearing liabilities and related average rates earned and paid, respectively, for the years indicated, on a fully taxable-equivalent basis, which is a non-GAAP measure. Tax-equivalent adjustments were calculated using a federal income tax rate of 21% for periods ending in 2024 and 2025, adjusted for applicable state income taxes, net of related federal benefit. |
|  | Year-to-Date | Year-to-Date | Year-to-Date | Year-to-Date | % Change |
|  | 2024 | 2024 | **2025** | **2025** | YTD2025 vs YTD2024 |
| (Dollars in millions; fully-taxable equivalent basis) | Average balance | Average rates | **Average balance** | **Average rates** | Average balance |
| **Assets:** |  |  |  |  |  |
| Interest-bearing deposits with banks, net | $88330 | 4.24% | $**93060** | **3.21%** | 5.4% |
| Securities purchased under resale agreements<sup>(2)</sup> | 6557 | 10.52 | **8513** | **8.08** | 29.8 |
| Trading account assets | 778 |  | **784** | **0.38** | 0.8 |
| Investment securities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities available-for-sale, net | 52352 | 5.04 | **67039** | **4.48** | 28.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment securities held-to-maturity, net | 52251 | 2.13 | **44293** | **2.11** | (15.2) |
| Total investment securities  | 104603 | 3.59 | **111332** | **3.54** | 6.4 |
| Loans<sup>(3)</sup> | 38747 | 5.82 | **45179** | **5.07** | 16.6 |
| Other interest-earning assets | 22872 | 6.69 | **37694** | **5.25** | 64.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 261887 | 4.58 | **296562** | **4.01** | 13.2 |
| Cash and due from banks | 3628 |  | **4303** |  | 18.6 |
| Other non-interest-earning assets | 41017 |  | **42997** |  | 4.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | $306532 |  | $**343862** |  | 12.2 |
| **Liabilities:** |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. | $132493 | 4.18 | $**157131** | **3.51** | 18.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-U.S. | 63900 | 1.74 | **71340** | **1.48** | 11.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits<sup>(4)</sup> | 196393 | 3.39 | **228471** | **2.88** | 16.3 |
| Securities sold under repurchase agreements | 2904 | 5.05 | **2884** | **4.37** | (0.7) |
| Other short-term borrowings | 11683 | 5.09 | **10692** | **4.67** | (8.5) |
| Long-term debt | 19634 | 5.38 | **24965** | **4.97** | 27.2 |
| Other interest-bearing liabilities | 4808 | 13.16 | **4147** | **13.53** | (13.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 235422 | 3.85 | **271159** | **3.32** | 15.2 |
| Non-interest-bearing deposits<sup>(5)</sup> | 25372 |  | **24334** |  | (4.1) |
| Other non-interest-bearing liabilities | 20777 |  | **21532** |  | 3.6 |
| Preferred shareholders' equity | 2758 |  | **3461** |  | 25.5 |
| Common shareholders' equity | 22203 |  | **23376** |  | 5.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $306532 |  | $**343862** |  | 12.2 |
| Total deposits | $221765 |  | $**252805** |  | 14.0 |
| Excess of rate earned over rate paid |  | 0.72% |  | **0.69%** |  |
| Net interest margin |  | 1.11% |  | **0.97%** |  |
| Net interest income, fully taxable-equivalent basis |  | $2177 |  | $**2159** |  |
| Tax-equivalent adjustment |  | (3) |  | **(1)** |  |
| Net interest income, GAAP-basis<sup>(4)</sup> |  | $2174 |  | $**2158** |  |
| <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. |
| <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $184 billion and $246 billion as of September 30, 2024 and 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.36% and 0.27% for the nine months ended September 30, 2024 and 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $184 billion and $246 billion as of September 30, 2024 and 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.36% and 0.27% for the nine months ended September 30, 2024 and 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $184 billion and $246 billion as of September 30, 2024 and 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.36% and 0.27% for the nine months ended September 30, 2024 and 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $184 billion and $246 billion as of September 30, 2024 and 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.36% and 0.27% for the nine months ended September 30, 2024 and 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $184 billion and $246 billion as of September 30, 2024 and 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.36% and 0.27% for the nine months ended September 30, 2024 and 2025, respectively. | <sup>(2)</sup> Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $184 billion and $246 billion as of September 30, 2024 and 2025, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.36% and 0.27% for the nine months ended September 30, 2024 and 2025, respectively. |
| <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses as of September 30, 2024 and 2025 was approximately $38,618 million and $45,009 million, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses as of September 30, 2024 and 2025 was approximately $38,618 million and $45,009 million, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses as of September 30, 2024 and 2025 was approximately $38,618 million and $45,009 million, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses as of September 30, 2024 and 2025 was approximately $38,618 million and $45,009 million, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses as of September 30, 2024 and 2025 was approximately $38,618 million and $45,009 million, respectively. | <sup>(3)</sup> Average loans are presented on a gross basis. Average loans net of expected credit losses as of September 30, 2024 and 2025 was approximately $38,618 million and $45,009 million, respectively. |
| <sup>(4)</sup> Average rates include the impact of FX swap cost of approximately ($195) million and ($155) million for the nine months ended September 30, 2024 and 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap cost were 3.52% and 2.97% for the nine months ended September 30, 2024 and 2025, respectively. | <sup>(4)</sup> Average rates include the impact of FX swap cost of approximately ($195) million and ($155) million for the nine months ended September 30, 2024 and 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap cost were 3.52% and 2.97% for the nine months ended September 30, 2024 and 2025, respectively. | <sup>(4)</sup> Average rates include the impact of FX swap cost of approximately ($195) million and ($155) million for the nine months ended September 30, 2024 and 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap cost were 3.52% and 2.97% for the nine months ended September 30, 2024 and 2025, respectively. | <sup>(4)</sup> Average rates include the impact of FX swap cost of approximately ($195) million and ($155) million for the nine months ended September 30, 2024 and 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap cost were 3.52% and 2.97% for the nine months ended September 30, 2024 and 2025, respectively. | <sup>(4)</sup> Average rates include the impact of FX swap cost of approximately ($195) million and ($155) million for the nine months ended September 30, 2024 and 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap cost were 3.52% and 2.97% for the nine months ended September 30, 2024 and 2025, respectively. | <sup>(4)</sup> Average rates include the impact of FX swap cost of approximately ($195) million and ($155) million for the nine months ended September 30, 2024 and 2025, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap cost were 3.52% and 2.97% for the nine months ended September 30, 2024 and 2025, respectively. |
| <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. | <sup>(5)</sup> Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars. |

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 **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **SELECTED AVERAGE BALANCES BY CURRENCY - RATES EARNED AND PAID**<sup>(1)</sup> | **SELECTED AVERAGE BALANCES BY CURRENCY - RATES EARNED AND PAID**<sup>(1)</sup> | **SELECTED AVERAGE BALANCES BY CURRENCY - RATES EARNED AND PAID**<sup>(1)</sup> | **SELECTED AVERAGE BALANCES BY CURRENCY - RATES EARNED AND PAID**<sup>(1)</sup> | **SELECTED AVERAGE BALANCES BY CURRENCY - RATES EARNED AND PAID**<sup>(1)</sup> | **SELECTED AVERAGE BALANCES BY CURRENCY - RATES EARNED AND PAID**<sup>(1)</sup> | **SELECTED AVERAGE BALANCES BY CURRENCY - RATES EARNED AND PAID**<sup>(1)</sup> | **SELECTED AVERAGE BALANCES BY CURRENCY - RATES EARNED AND PAID**<sup>(1)</sup> | **SELECTED AVERAGE BALANCES BY CURRENCY - RATES EARNED AND PAID**<sup>(1)</sup> | **SELECTED AVERAGE BALANCES BY CURRENCY - RATES EARNED AND PAID**<sup>(1)</sup> | **SELECTED AVERAGE BALANCES BY CURRENCY - RATES EARNED AND PAID**<sup>(1)</sup> |
| | **3Q25** | **3Q25** | **3Q25** | **3Q25** | **3Q25** | **3Q25** | **3Q25** | **3Q25** | **3Q25** | **3Q25** |
| | **USD** | **USD** | **EUR** | **EUR** | **GBP** | **GBP** | **Other** | **Other** | **Total** | **Total** |
| (Dollars in millions, except where otherwise noted) | **Average Balance** | **Average Rates** | **Average Balance** | **Average Rates** | **Average Balance** | **Average Rates** | **Average Balance** | **Average Rates** | **Average Balance** | **Average Rates** |
| Interest-bearing deposits with banks | $**37596** | **4.48%** | $**26982** | **1.95%** | $**6137** | **4.12%** | $**17415** | **1.17%** | $**88130** | **3.03%** |
| Total investment securities | **89709** | **3.60** | **9498** | **2.47** | **6516** | **4.45** | **6098** | **4.09** | **111821** | **3.58** |
| Loans | **37684** | **5.16** | **6980** | **3.97** | **1236** | **5.70** | **600** | **3.93** | **46500** | **4.98** |
| Total other interest-earning assets<sup>(2)</sup> | **45425** | **5.46** | **322** | **1.29** | **67** | **4.00** | **3192** | **4.39** | **49006** | **5.36** |
| &nbsp;&nbsp;&nbsp;Total interest-earning assets | $**210414** | **4.42** | $**43782** | **2.37** | $**13956** | **4.39** | $**27305** | **2.26** | $**295457** | **3.92** |
| &nbsp;&nbsp;&nbsp;Total interest-bearing deposits<sup>(3)(4)</sup> | $**156248** | **3.72** | $**37952** | **1.16** | $**11715** | **1.88** | $**24645** | **0.47** | $**230560** | **2.86** |
| Central Bank Rate<sup>(5)</sup> |  | **4.46** |  | **2.00** |  | **4.10** |  |  |  |  |
|  | 2Q25 | 2Q25 | 2Q25 | 2Q25 | 2Q25 | 2Q25 | 2Q25 | 2Q25 | 2Q25 | 2Q25 |
|  | USD | USD | EUR | EUR | GBP | GBP | Other | Other | Total | Total |
| (Dollars in millions, except where otherwise noted) | Average Balance | Average Rates | Average Balance | Average Rates | Average Balance | Average Rates | Average Balance | Average Rates | Average Balance | Average Rates |
| Interest-bearing deposits with banks | $43978 | 4.53% | $30178 | 2.19% | $6417 | 4.32% | $17748 | 1.39% | $98321 | 3.23% |
| Total investment securities | 91562 | 3.50 | 8427 | 2.54 | 6289 | 4.50 | 5805 | 4.24 | 112083 | 3.52 |
| Loans | 36459 | 5.19 | 6873 | 4.31 | 1309 | 6.22 | 636 | 5.02 | 45277 | 5.08 |
| Total other interest-earning assets<sup>(2)</sup> | 44091 | 5.99 | 999 | 1.55 | 329 | 3.42 | 3548 | 4.21 | 48967 | 5.76 |
| &nbsp;&nbsp;&nbsp;Total interest-earning assets | $216090 | 4.51 | $46477 | 2.55 | $14344 | 4.56 | $27737 | 2.43 | $304648 | 4.02 |
| &nbsp;&nbsp;&nbsp;Total interest-bearing deposits<sup>(3)(4)</sup> | $157056 | 3.75 | $41656 | 1.32 | $12465 | 1.95 | $25400 | 0.43 | $236577 | 2.87 |
| Central Bank Rate<sup>(5)</sup> |  | 4.50 |  | 2.22 |  | 4.35 |  |  |  |  |
|  | 3Q24 | 3Q24 | 3Q24 | 3Q24 | 3Q24 | 3Q24 | 3Q24 | 3Q24 | 3Q24 | 3Q24 |
|  | USD | USD | EUR | EUR | GBP | GBP | Other | Other | Total | Total |
| (Dollars in millions, except where otherwise noted) | Average Balance | Average Rates | Average Balance | Average Rates | Average Balance | Average Rates | Average Balance | Average Rates | Average Balance | Average Rates |
| Interest-bearing deposits with banks | $35838 | 5.57% | $25168 | 3.63% | $6469 | 5.06% | $19409 | 1.30% | $86884 | 4.02% |
| Total investment securities | 87088 | 3.73 | 8488 | 2.71 | 5035 | 4.33 | 6753 | 4.47 | 107364 | 3.73 |
| Loans | 31965 | 5.85 | 6028 | 5.40 | 1236 | 6.44 | 553 | 5.17 | 39782 | 5.79 |
| Total other interest-earning assets<sup>(2)</sup> | 32435 | 7.33 | 242 | 2.89 | 205 | 4.66 | 2594 | 3.63 | 35476 | 7.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | $187326 | 5.06 | $39926 | 3.70 | $12945 | 4.89 | $29309 | 2.31 | $269506 | 4.55 |
| &nbsp;&nbsp;&nbsp;Total interest-bearing deposits<sup>(3)(4)</sup> | $133961 | 4.41 | $34286 | 2.17 | $11605 | 1.84 | $21412 | (0.52) | $201264 | 3.35 |
| Central Bank Rate<sup>(5)</sup> |  | 5.43 |  | 3.70 |  | 5.08 |  |  |  |  |
| <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. | <sup>(1)</sup> Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable. |
| <sup>(2)</sup> Average total other interest-earning assets include securities purchased under resale agreements, trading account assets and other interest-earning assets. Refer to average statement of condition - rates earned and paid - full taxable-equivalent basis for details. | <sup>(2)</sup> Average total other interest-earning assets include securities purchased under resale agreements, trading account assets and other interest-earning assets. Refer to average statement of condition - rates earned and paid - full taxable-equivalent basis for details. | <sup>(2)</sup> Average total other interest-earning assets include securities purchased under resale agreements, trading account assets and other interest-earning assets. Refer to average statement of condition - rates earned and paid - full taxable-equivalent basis for details. | <sup>(2)</sup> Average total other interest-earning assets include securities purchased under resale agreements, trading account assets and other interest-earning assets. Refer to average statement of condition - rates earned and paid - full taxable-equivalent basis for details. | <sup>(2)</sup> Average total other interest-earning assets include securities purchased under resale agreements, trading account assets and other interest-earning assets. Refer to average statement of condition - rates earned and paid - full taxable-equivalent basis for details. | <sup>(2)</sup> Average total other interest-earning assets include securities purchased under resale agreements, trading account assets and other interest-earning assets. Refer to average statement of condition - rates earned and paid - full taxable-equivalent basis for details. | <sup>(2)</sup> Average total other interest-earning assets include securities purchased under resale agreements, trading account assets and other interest-earning assets. Refer to average statement of condition - rates earned and paid - full taxable-equivalent basis for details. | <sup>(2)</sup> Average total other interest-earning assets include securities purchased under resale agreements, trading account assets and other interest-earning assets. Refer to average statement of condition - rates earned and paid - full taxable-equivalent basis for details. | <sup>(2)</sup> Average total other interest-earning assets include securities purchased under resale agreements, trading account assets and other interest-earning assets. Refer to average statement of condition - rates earned and paid - full taxable-equivalent basis for details. | <sup>(2)</sup> Average total other interest-earning assets include securities purchased under resale agreements, trading account assets and other interest-earning assets. Refer to average statement of condition - rates earned and paid - full taxable-equivalent basis for details. | <sup>(2)</sup> Average total other interest-earning assets include securities purchased under resale agreements, trading account assets and other interest-earning assets. Refer to average statement of condition - rates earned and paid - full taxable-equivalent basis for details. |
| <sup>(3)</sup> Average rates for interest-bearing deposit balances denominated in U.S. dollars include both client and wholesale deposits. | <sup>(3)</sup> Average rates for interest-bearing deposit balances denominated in U.S. dollars include both client and wholesale deposits. | <sup>(3)</sup> Average rates for interest-bearing deposit balances denominated in U.S. dollars include both client and wholesale deposits. | <sup>(3)</sup> Average rates for interest-bearing deposit balances denominated in U.S. dollars include both client and wholesale deposits. | <sup>(3)</sup> Average rates for interest-bearing deposit balances denominated in U.S. dollars include both client and wholesale deposits. | <sup>(3)</sup> Average rates for interest-bearing deposit balances denominated in U.S. dollars include both client and wholesale deposits. | <sup>(3)</sup> Average rates for interest-bearing deposit balances denominated in U.S. dollars include both client and wholesale deposits. | <sup>(3)</sup> Average rates for interest-bearing deposit balances denominated in U.S. dollars include both client and wholesale deposits. | <sup>(3)</sup> Average rates for interest-bearing deposit balances denominated in U.S. dollars include both client and wholesale deposits. | <sup>(3)</sup> Average rates for interest-bearing deposit balances denominated in U.S. dollars include both client and wholesale deposits. | <sup>(3)</sup> Average rates for interest-bearing deposit balances denominated in U.S. dollars include both client and wholesale deposits. |
| <sup>(4)</sup> FX swap costs for interest-bearing deposits are included in other currencies. | <sup>(4)</sup> FX swap costs for interest-bearing deposits are included in other currencies. | <sup>(4)</sup> FX swap costs for interest-bearing deposits are included in other currencies. | <sup>(4)</sup> FX swap costs for interest-bearing deposits are included in other currencies. | <sup>(4)</sup> FX swap costs for interest-bearing deposits are included in other currencies. | <sup>(4)</sup> FX swap costs for interest-bearing deposits are included in other currencies. | <sup>(4)</sup> FX swap costs for interest-bearing deposits are included in other currencies. | <sup>(4)</sup> FX swap costs for interest-bearing deposits are included in other currencies. | <sup>(4)</sup> FX swap costs for interest-bearing deposits are included in other currencies. | <sup>(4)</sup> FX swap costs for interest-bearing deposits are included in other currencies. | <sup>(4)</sup> FX swap costs for interest-bearing deposits are included in other currencies. |
| <sup>(5)</sup> Central Bank Rate represents the quarterly average Federal Funds Target Rate for USD, European Central Bank Deposit Facility Rate for EUR, and the Bank of England's Bank Rate for GBP. | <sup>(5)</sup> Central Bank Rate represents the quarterly average Federal Funds Target Rate for USD, European Central Bank Deposit Facility Rate for EUR, and the Bank of England's Bank Rate for GBP. | <sup>(5)</sup> Central Bank Rate represents the quarterly average Federal Funds Target Rate for USD, European Central Bank Deposit Facility Rate for EUR, and the Bank of England's Bank Rate for GBP. | <sup>(5)</sup> Central Bank Rate represents the quarterly average Federal Funds Target Rate for USD, European Central Bank Deposit Facility Rate for EUR, and the Bank of England's Bank Rate for GBP. | <sup>(5)</sup> Central Bank Rate represents the quarterly average Federal Funds Target Rate for USD, European Central Bank Deposit Facility Rate for EUR, and the Bank of England's Bank Rate for GBP. | <sup>(5)</sup> Central Bank Rate represents the quarterly average Federal Funds Target Rate for USD, European Central Bank Deposit Facility Rate for EUR, and the Bank of England's Bank Rate for GBP. | <sup>(5)</sup> Central Bank Rate represents the quarterly average Federal Funds Target Rate for USD, European Central Bank Deposit Facility Rate for EUR, and the Bank of England's Bank Rate for GBP. | <sup>(5)</sup> Central Bank Rate represents the quarterly average Federal Funds Target Rate for USD, European Central Bank Deposit Facility Rate for EUR, and the Bank of England's Bank Rate for GBP. | <sup>(5)</sup> Central Bank Rate represents the quarterly average Federal Funds Target Rate for USD, European Central Bank Deposit Facility Rate for EUR, and the Bank of England's Bank Rate for GBP. | <sup>(5)</sup> Central Bank Rate represents the quarterly average Federal Funds Target Rate for USD, European Central Bank Deposit Facility Rate for EUR, and the Bank of England's Bank Rate for GBP. | <sup>(5)</sup> Central Bank Rate represents the quarterly average Federal Funds Target Rate for USD, European Central Bank Deposit Facility Rate for EUR, and the Bank of England's Bank Rate for GBP. |

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 **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS** |
|  | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters |
|  | 1Q24 | 1Q24 | 2Q24 | 2Q24 | 3Q24 | 3Q24 | 4Q24 | 4Q24 | 1Q25 | 1Q25 | 2Q25 | 2Q25 | **3Q25** | **3Q25** |
| (Dollars in billions, except where otherwise noted) | Average Balance | Average Rate | Average Balance | Average Rate | Average Balance | Average Rate | Average Balance | Average Rate | Average Balance | Average Rate | Average Balance | Average Rate | **Average Balance** | **Average Rate** |
| ***Available-for-sale investment securities:*** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Government & agency securities** | $25.1 | 4.44% | $31.4 | 4.73% | $35 | 4.89% | $35.3 | 4.59% | $41.3 | 4.29% | $42.6 | 4.15% | $**42.8** | **4.08%** |
| &nbsp;&nbsp;&nbsp;U.S. Treasury direct obligations | 9.6 | 5.11 | 15.6 | 5.27 | 18.7 | 5.12 | 20.4 | 4.95 | 26.5 | 4.48 | 26.4 | 4.43 | **25.5** | **4.37** |
| &nbsp;&nbsp;&nbsp;Non-U.S. sovereign, supranational and non-U.S. agency | 15.5 | 4.03 | 15.8 | 4.20 | 16.3 | 4.63 | 14.9 | 4.11 | 14.8 | 3.96 | 16.2 | 3.70 | **17.3** | **3.66** |
| **Asset-backed securities** | 6.9 | 5.61 | 7.2 | 5.68 | 7.6 | 5.53 | 8.1 | 5.41 | 7.8 | 5.09 | 8.5 | 4.75 | **8.7** | **4.58** |
| **Mortgage-backed securities** | 5.6 | 5.44 | 5.9 | 5.48 | 6.2 | 5.36 | 6.3 | 5.36 | 7.0 | 5.06 | 9.2 | 5.09 | **11.3** | **5.33** |
| **CMBS** | 5.6 | 5.81 | 5.4 | 5.75 | 5.1 | 5.81 | 4.5 | 5.55 | 4.3 | 4.86 | 4.2 | 4.74 | **3.9** | **4.80** |
| **Other** | 3.3 | 4.63 | 3.3 | 4.85 | 3.4 | 5.12 | 3.0 | 5.20 | 3.0 | 5.16 | 3.2 | 5.14 | **3.2** | **5.12** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total available-for-sale portfolio** | $46.5 | 4.93 | $53.2 | 5.06 | $57.3 | 5.13 | $57.2 | 4.90 | $63.4 | 4.57 | $67.7 | 4.45 | $**69.9** | **4.43** |
|  | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters |
|  | 1Q24 | 1Q24 | 2Q24 | 2Q24 | 3Q24 | 3Q24 | 4Q24 | 4Q24 | 1Q25 | 1Q25 | 2Q25 | 2Q25 | **3Q25** | **3Q25** |
| (Dollars in billions, except where otherwise noted) | Average Balance | Average Rate | Average Balance | Average Rate | Average Balance | Average Rate | Average Balance | Average Rate | Average Balance | Average Rate | Average Balance | Average Rate | **Average Balance** | **Average Rate** |
| ***Held-to-maturity investment securities:*** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Government & agency securities** | $12.7 | 0.96% | $10.8 | 0.88% | $10.1 | 0.82% | $9.3 | 0.76% | $8.6 | 0.75% | $7.2 | 0.78% | $**5.6** | **0.83%** |
| &nbsp;&nbsp;&nbsp;U.S. Treasury direct obligations | 7.4 | 1.07 | 6.1 | 0.90 | 5.7 | 0.76 | 5.4 | 0.68 | 5.0 | 0.66 | 3.9 | 0.67 | **2.4** | **0.67** |
| &nbsp;&nbsp;&nbsp;Non-U.S. sovereign, supranational and non-U.S. agency | 5.3 | 0.80 | 4.7 | 0.84 | 4.4 | 0.90 | 3.9 | 0.88 | 3.6 | 0.89 | 3.3 | 0.92 | **3.2** | **0.95** |
| **Asset-backed securities** | 3.1 | 6.15 | 3.0 | 6.15 | 2.7 | 6.21 | 2.5 | 5.92 | 2.4 | 5.32 | 2.4 | 5.17 | **2.4** | **5.21** |
| **Mortgage-backed securities** | 33.8 | 2.25 | 32.9 | 2.23 | 32.1 | 2.22 | 31.1 | 2.24 | 30.5 | 2.22 | 29.7 | 2.21 | **28.8** | **2.20** |
| **CMBS** | 5.2 | 1.93 | 5.2 | 1.91 | 5.2 | 1.91 | 5.2 | 1.90 | 5.2 | 1.88 | 5.1 | 1.89 | **5.1** | **1.89** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total held-for-maturity portfolio** | $54.8 | 2.14 | $51.9 | 2.14 | $50.1 | 2.12 | $48.1 | 2.11 | $46.7 | 2.07 | $44.4 | 2.11 | $**41.9** | **2.15** |
| **Total investment securities** | $101.3 | 3.42 | $105.1 | 3.62 | $107.4 | 3.73 | $105.3 | 3.63 | $110.1 | 3.51 | $112.1 | 3.52 | $**111.8** | **3.58** |

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 **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

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| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** | **INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)** |
|  | Ratings | Ratings | Ratings | Ratings | Ratings | Ratings | Ratings | Ratings | Ratings | Ratings | Ratings | Ratings |  |  |  |  |
| (Dollars in billions, or where otherwise noted) | UST/AGY | UST/AGY | AAA | AAA | AA | AA | A | A | BBB | BBB |  |  | Fair Value | % Total | Net Unrealized Pre-tax MTM Gain/(Loss)<br>(In millions)<sup>(1)</sup> | Fixed Rate/<br>Floating Rate<sup>(2)</sup> |
| ***Available-for-sale investment securities:*** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Government & agency securities** | **57** | **57%** | **25** | **25%** | **14** | **14%** | **3** | **3%** | **1** | **1%** | **—** | **— %** | **42.6** | **61.3%** | **85** | **94% / 6%** |
| &nbsp;&nbsp;&nbsp;U.S. Treasury direct obligations | 100 | 100 |  |  |  |  |  |  |  |  |  |  | 24.1 | 56.6 | 17 | 100% / 0% |
| &nbsp;&nbsp;&nbsp;Non-U.S. sovereign, supranational and non-U.S. agency |  |  | 58 | 58 | 33 | 33 | 7 | 7 | 1 | 1 | 1 | 1 | 18.5 | 43.4 | 68 | 86% / 14% |
| **Asset-backed securities** | **—** | **—** | **94** | **94** | **6** | **6** | **—** | **—** | **—** | **—** | **—** | **—** | **8.2** | **11.8** | **21** | **0% / 100%** |
| **Mortgage-backed securities** | **100** | **100** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **12.3** | **17.7** | **5** | **53% / 47%** |
| **CMBS** | **100** | **100** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **3.3** | **4.7** | **(16)** | **6% / 94%** |
| **Other** | **—** | **—** | **21** | **21** | **22** | **22** | **50** | **50** | **7** | **7** | **—** | **—** | **3.1** | **4.5** | **47** | **58% / 42%** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total available-for-sale portfolio** | **57** | **57%** | **27** | **27%** | **11** | **11%** | **4** | **4%** | **1** | **1%** | **—** | **— %** | **69.5** | **100.0%** | **142** | **70% / 30%** |
| **Fair Value** | **$** | **39.6** | **$** | **19.0** | **$** | **7.3** | **$** | **2.9** | **$** | **0.5** | **$** | **0.2** |  |  |  |  |
|  | Ratings | Ratings | Ratings | Ratings | Ratings | Ratings | Ratings | Ratings | Ratings | Ratings | Ratings | Ratings |  |  |  |  |
|  | UST/AGY | UST/AGY | AAA | AAA | AA | AA | A | A | BBB | BBB |  |  | Amortized Cost | % Total | Net Unrealized Pre-tax MTM Gain/(Loss)<br>(In millions)<sup>(1)</sup> | Fixed Rate/<br>Floating Rate<sup>(2)</sup> |
| ***Held-to-maturity investment securities:*** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **Government & agency securities** | **41** | **41%** | **35** | **35%** | **22** | **22%** | **2** | **2%** | **—** | **— %** | **—** | **— %** | **4.9** | **12.0%** | **(39)** | **100% / 0%** |
| &nbsp;&nbsp;&nbsp;U.S. Treasury direct obligations | 100 | 100 |  |  |  |  |  |  |  |  |  |  | 2.0 | 40.8 | (8) | 100% / 0% |
| &nbsp;&nbsp;&nbsp;Non-U.S. sovereign, supranational and non-U.S. agency |  |  | 60 | 60 | 37 | 37 | 3 | 3 |  |  |  |  | 2.9 | 59.2 | (31) | 100% / 0% |
| **Asset-backed securities** | **—** | **—** | **1** | **1** | **94** | **94** | **3** | **3** | **—** | **—** | **2** | **2** | **2.3** | **5.6** | **(20)** | **5% / 95%** |
| **Mortgage-backed securities** | **100** | **100** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **28.6** | **69.9** | **(3756)** | **100% / 0%** |
| **CMBS** | **100** | **100** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **—** | **5.1** | **12.5** | **(466)** | **97% / 3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total held-for-maturity portfolio** | **87** | **87%** | **5** | **5%** | **8** | **8%** | **—** | **— %** | **—** | **— %** | **—** | **— %** | **40.9** | **100.0%** | **(4281)** | **94% / 6%** |
| **Amortized Cost** | **$** | **35.6** | **$** | **1.8** | **$** | **3.3** | **$** | **0.2** | **$** | **—** | **$** | **—** |  |  |  |  |
| **Total Investment Securities**<sup>(3)</sup> |  |  |  |  |  |  |  |  |  |  |  |  | **110.4** |  |  | **79% / 21%** |
| <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. | <sup>(1)</sup> At September 30, 2025, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized gain on securities available-for-sale of $105 million, after-tax unrealized loss on securities held-to-maturity of $3,169 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $287 million. |
| <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. | <sup>(2)</sup> At September 30, 2025, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $19 million or 0.02% of the total portfolio. |
| <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. | <sup>(3)</sup> State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of September 30, 2025, approximately 86% of our investment portfolio was held in HQLA. |

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 **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **ALLOWANCE FOR CREDIT LOSSES** | **ALLOWANCE FOR CREDIT LOSSES** | **ALLOWANCE FOR CREDIT LOSSES** | **ALLOWANCE FOR CREDIT LOSSES** | **ALLOWANCE FOR CREDIT LOSSES** | **ALLOWANCE FOR CREDIT LOSSES** | **ALLOWANCE FOR CREDIT LOSSES** | **ALLOWANCE FOR CREDIT LOSSES** | **ALLOWANCE FOR CREDIT LOSSES** | **ALLOWANCE FOR CREDIT LOSSES** |
|  | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | % Change | % Change |
| (Dollars in millions) | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 1Q25 | 2Q25 | **3Q25** | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 |
| **Allowance for credit losses:** |  |  |  |  |  |  |  |  |  |
| Beginning balance | $150 | $146 | $145 | $171 | $183 | $186 | $**192** | 32.4% | 3.2% |
| Provision for credit losses (funded commitments) | 31 | 12 | 26 | 12 | 11 | 27 | **11** | (57.7) | (59.3) |
| Provision for credit losses (unfunded commitments) | (4) | (2) |  |  | 1 | 2 | **(1)** | nm | nm |
| Provision for credit losses (all other) |  |  |  |  |  | 1 | **(1)** | nm | nm |
| Total provision | 27 | 10 | 26 | 12 | 12 | 30 | **9** | (65.4) | (70.0) |
| Charge-offs | (31) | (11) |  |  | (9) | (24) | **—** |  | nm |
| Ending balance<sup>(1)</sup> | $146 | $145 | $171 | $183 | $186 | $192 | $**201** | 17.5 | 4.7 |
| **Allowance for credit losses:** |  |  |  |  |  |  |  |  |  |
| Loans | $135 | $136 | $162 | $174 | $176 | $179 | $**190** | 17.3 | 6.1 |
| Investment securities | 1 | 1 | 1 |  |  |  | **—** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;nm |  |
| Unfunded (off-balance sheet) commitments | 10 | 8 | 8 | 9 | 9 | 11 | **10** | 25.0 | (9.1) |
| All other |  |  |  |  | 1 | 2 | **1** |  | nm |
| Ending balance<sup>(1)</sup> | $146 | $145 | $171 | $183 | $186 | $192 | $**201** | 17.5 | 4.7 |
| <sup>(1)</sup> The allowance for credit losses on unfunded commitments is included within Other liabilities in the Consolidated Statement of Condition.  | <sup>(1)</sup> The allowance for credit losses on unfunded commitments is included within Other liabilities in the Consolidated Statement of Condition.  | <sup>(1)</sup> The allowance for credit losses on unfunded commitments is included within Other liabilities in the Consolidated Statement of Condition.  | <sup>(1)</sup> The allowance for credit losses on unfunded commitments is included within Other liabilities in the Consolidated Statement of Condition.  | <sup>(1)</sup> The allowance for credit losses on unfunded commitments is included within Other liabilities in the Consolidated Statement of Condition.  | <sup>(1)</sup> The allowance for credit losses on unfunded commitments is included within Other liabilities in the Consolidated Statement of Condition.  | <sup>(1)</sup> The allowance for credit losses on unfunded commitments is included within Other liabilities in the Consolidated Statement of Condition.  | <sup>(1)</sup> The allowance for credit losses on unfunded commitments is included within Other liabilities in the Consolidated Statement of Condition.  | <sup>(1)</sup> The allowance for credit losses on unfunded commitments is included within Other liabilities in the Consolidated Statement of Condition.  | <sup>(1)</sup> The allowance for credit losses on unfunded commitments is included within Other liabilities in the Consolidated Statement of Condition.  |
| <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful |

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11&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **ASSETS UNDER CUSTODY AND/OR ADMINISTRATION** | **ASSETS UNDER CUSTODY AND/OR ADMINISTRATION** | **ASSETS UNDER CUSTODY AND/OR ADMINISTRATION** | **ASSETS UNDER CUSTODY AND/OR ADMINISTRATION** | **ASSETS UNDER CUSTODY AND/OR ADMINISTRATION** | **ASSETS UNDER CUSTODY AND/OR ADMINISTRATION** | **ASSETS UNDER CUSTODY AND/OR ADMINISTRATION** | **ASSETS UNDER CUSTODY AND/OR ADMINISTRATION** | **ASSETS UNDER CUSTODY AND/OR ADMINISTRATION** | **ASSETS UNDER CUSTODY AND/OR ADMINISTRATION** |
|  | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | % Change | % Change |
| (Dollars in billions) | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 1Q25 | 2Q25 | **3Q25** | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 |
| **Assets Under Custody and/or Administration**<sup>(1)</sup> |  |  |  |  |  |  |  |  |  |
| By Product Classification: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Collective funds, including ETFs | $14694 | $14573 | $15253 | $15266 | $15430 | $16728 | $**17795** | 16.7% | 6.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mutual funds | 11552 | 11645 | 12223 | 12301 | 12143 | 12641 | **13209** | 8.1 | 4.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pension products | 8800 | 8916 | 9339 | 9386 | 9377 | 9679 | **10321** | 10.5 | 6.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Insurance and other products | 8866 | 9178 | 9944 | 9604 | 9783 | 9952 | **10339** | 4.0 | 3.9 |
| **Total Assets Under Custody and/or Administration** | $43912 | $44312 | $46759 | $46557 | $46733 | $49000 | $**51664** | 10.5 | 5.4 |
| By Asset Class: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Equities | $25909 | $26291 | $27715 | $27535 | $27508 | $29311 | $**31124** | 12.3 | 6.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed-Income | 11368 | 11303 | 12027 | 11933 | 11900 | 12122 | **12874** | 7.0 | 6.2 |
| &nbsp;&nbsp;&nbsp;Short-term and other investments<sup>(2)</sup> | 6635 | 6718 | 7017 | 7089 | 7325 | 7567 | **7666** | 9.2 | 1.3 |
| **Total Assets Under Custody and/or Administration** | $43912 | $44312 | $46759 | $46557 | $46733 | $49000 | $**51664** | 10.5 | 5.4 |
| By Geographic Location<sup>(3)</sup>: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Americas | $31610 | $31763 | $33460 | $33284 | $33340 | $35028 | $**36698** | 9.7 | 4.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Europe/Middle East/Africa | 9207 | 9406 | 10214 | 10179 | 10303 | 10803 | **11570** | 13.3 | 7.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asia/Pacific | 3095 | 3143 | 3085 | 3094 | 3090 | 3169 | **3396** | 10.1 | 7.2 |
| **Total Assets Under Custody and/or Administration** | $43912 | $44312 | $46759 | $46557 | $46733 | $49000 | $**51664** | 10.5 | 5.4 |
| **Assets Under Custody**<sup>(4)</sup> |  |  |  |  |  |  |  |  |  |
| By Product Classification: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Collective funds, including ETFs | $12717 | $12570 | $13122 | $13162 | $13335 | $14487 | $**15478** | 18.0 | 6.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mutual funds | 9309 | 9360 | 9806 | 9887 | 9725 | 10060 | **10506** | 7.1 | 4.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pension products | 7235 | 7333 | 7693 | 7737 | 7731 | 7975 | **8371** | 8.8 | 5.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Insurance and other products | 2898 | 2898 | 3046 | 3019 | 3046 | 3026 | **3144** | 3.2 | 3.9 |
| **Total Assets Under Custody** | $32159 | $32161 | $33667 | $33805 | $33837 | $35548 | $**37499** | 11.4 | 5.5 |
| By Geographic Location<sup>(3)</sup>: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Americas | $24241 | $24211 | $25386 | $25491 | $25407 | $26705 | $**28058** | 10.5 | 5.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Europe/Middle East/Africa | 5380 | 5361 | 5715 | 5740 | 5861 | 6215 | **6606** | 15.6 | 6.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asia-Pacific | 2538 | 2589 | 2566 | 2574 | 2569 | 2628 | **2835** | 10.5 | 7.9 |
| **Total Assets Under Custody** | $32159 | $32161 | $33667 | $33805 | $33837 | $35548 | $**37499** | 11.4 | 5.5 |
| <sup>(1)</sup> Consistent with past practice, AUC/A values for certain asset classes are based on a lag, typically one-month. | <sup>(1)</sup> Consistent with past practice, AUC/A values for certain asset classes are based on a lag, typically one-month. | <sup>(1)</sup> Consistent with past practice, AUC/A values for certain asset classes are based on a lag, typically one-month. | <sup>(1)</sup> Consistent with past practice, AUC/A values for certain asset classes are based on a lag, typically one-month. | <sup>(1)</sup> Consistent with past practice, AUC/A values for certain asset classes are based on a lag, typically one-month. | <sup>(1)</sup> Consistent with past practice, AUC/A values for certain asset classes are based on a lag, typically one-month. | <sup>(1)</sup> Consistent with past practice, AUC/A values for certain asset classes are based on a lag, typically one-month. | <sup>(1)</sup> Consistent with past practice, AUC/A values for certain asset classes are based on a lag, typically one-month. | <sup>(1)</sup> Consistent with past practice, AUC/A values for certain asset classes are based on a lag, typically one-month. | <sup>(1)</sup> Consistent with past practice, AUC/A values for certain asset classes are based on a lag, typically one-month. |
| <sup>(2)</sup> Short-term and other investments includes derivatives, cash and cash equivalents and other instruments. | <sup>(2)</sup> Short-term and other investments includes derivatives, cash and cash equivalents and other instruments. | <sup>(2)</sup> Short-term and other investments includes derivatives, cash and cash equivalents and other instruments. | <sup>(2)</sup> Short-term and other investments includes derivatives, cash and cash equivalents and other instruments. | <sup>(2)</sup> Short-term and other investments includes derivatives, cash and cash equivalents and other instruments. | <sup>(2)</sup> Short-term and other investments includes derivatives, cash and cash equivalents and other instruments. | <sup>(2)</sup> Short-term and other investments includes derivatives, cash and cash equivalents and other instruments. | <sup>(2)</sup> Short-term and other investments includes derivatives, cash and cash equivalents and other instruments. | <sup>(2)</sup> Short-term and other investments includes derivatives, cash and cash equivalents and other instruments. | <sup>(2)</sup> Short-term and other investments includes derivatives, cash and cash equivalents and other instruments. |
| <sup>(3)</sup> Geographic mix is generally based on the domicile of the entity servicing the funds and is not necessarily representative of the underlying asset mix. | <sup>(3)</sup> Geographic mix is generally based on the domicile of the entity servicing the funds and is not necessarily representative of the underlying asset mix. | <sup>(3)</sup> Geographic mix is generally based on the domicile of the entity servicing the funds and is not necessarily representative of the underlying asset mix. | <sup>(3)</sup> Geographic mix is generally based on the domicile of the entity servicing the funds and is not necessarily representative of the underlying asset mix. | <sup>(3)</sup> Geographic mix is generally based on the domicile of the entity servicing the funds and is not necessarily representative of the underlying asset mix. | <sup>(3)</sup> Geographic mix is generally based on the domicile of the entity servicing the funds and is not necessarily representative of the underlying asset mix. | <sup>(3)</sup> Geographic mix is generally based on the domicile of the entity servicing the funds and is not necessarily representative of the underlying asset mix. | <sup>(3)</sup> Geographic mix is generally based on the domicile of the entity servicing the funds and is not necessarily representative of the underlying asset mix. | <sup>(3)</sup> Geographic mix is generally based on the domicile of the entity servicing the funds and is not necessarily representative of the underlying asset mix. | <sup>(3)</sup> Geographic mix is generally based on the domicile of the entity servicing the funds and is not necessarily representative of the underlying asset mix. |
| <sup>(4)</sup> Assets under custody are a component of assets under custody and/or administration presented above. | <sup>(4)</sup> Assets under custody are a component of assets under custody and/or administration presented above. | <sup>(4)</sup> Assets under custody are a component of assets under custody and/or administration presented above. | <sup>(4)</sup> Assets under custody are a component of assets under custody and/or administration presented above. | <sup>(4)</sup> Assets under custody are a component of assets under custody and/or administration presented above. | <sup>(4)</sup> Assets under custody are a component of assets under custody and/or administration presented above. | <sup>(4)</sup> Assets under custody are a component of assets under custody and/or administration presented above. | <sup>(4)</sup> Assets under custody are a component of assets under custody and/or administration presented above. | <sup>(4)</sup> Assets under custody are a component of assets under custody and/or administration presented above. | <sup>(4)</sup> Assets under custody are a component of assets under custody and/or administration presented above. |

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 **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **ASSETS UNDER MANAGEMENT** | **ASSETS UNDER MANAGEMENT** | **ASSETS UNDER MANAGEMENT** | **ASSETS UNDER MANAGEMENT** | **ASSETS UNDER MANAGEMENT** | **ASSETS UNDER MANAGEMENT** | **ASSETS UNDER MANAGEMENT** | **ASSETS UNDER MANAGEMENT** | **ASSETS UNDER MANAGEMENT** | **ASSETS UNDER MANAGEMENT** |
|  | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | % Change | % Change |
| (Dollars in billions) | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 1Q25 | 2Q25 | **3Q25** | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 |
| **Assets Under Management** |  |  |  |  |  |  |  |  |  |
| By Asset Class and Investment Approach: |  |  |  |  |  |  |  |  |  |
| Equity: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Active | $51 | $51 | $54 | $52 | $52 | $55 | $**60** | 11.1% | 9.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Passive | 2661 | 2708 | 2923 | 2955 | 2849 | 3163 | **3405** | 16.5 | 7.7 |
| Total Equity | 2712 | 2759 | 2977 | 3007 | 2901 | 3218 | **3465** | 16.4 | 7.7 |
| Fixed-Income: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Active | 27 | 28 | 30 | 31 | 30 | 30 | **30** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Passive | 551 | 555 | 593 | 585 | 603 | 670 | **690** | 16.4 | 3.0 |
| Total Fixed-Income | 578 | 583 | 623 | 616 | 633 | 700 | **720** | 15.6 | 2.9 |
| Cash<sup>(1)</sup> | 481 | 483 | 543 | 518 | 518 | 525 | **540** | (0.6) | 2.9 |
| Multi-Asset-Class Solutions: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Active | 23 | 22 | 23 | 23 | 24 | 26 | **29** | 26.1 | 11.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Passive | 312 | 327 | 352 | 351 | 366 | 423 | **448** | 27.3 | 5.9 |
| Total Multi-Asset-Class Solutions | 335 | 349 | 375 | 374 | 390 | 449 | **477** | 27.2 | 6.2 |
| Alternative Investments<sup>(2)</sup>: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Active | 11 | 10 | 10 | 10 | 10 | 10 | **10** |  |  |
| &nbsp;&nbsp;&nbsp;Passive<sup>(3)</sup> | 182 | 185 | 204 | 190 | 213 | 215 | **234** | 14.7 | 8.8 |
| Total Alternative Investments | 193 | 195 | 214 | 200 | 223 | 225 | **244** | 14.0 | 8.4 |
| **Total Assets Under Management** | $4299 | $4369 | $4732 | $4715 | $4665 | $5117 | $**5446** | 15.1 | 6.4 |
| By Geographic Location<sup>(4)</sup>: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Americas | $3154 | $3195 | $3448 | $3468 | $3431 | $3713 | $**3982** | 15.5 | 7.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Europe/Middle East/Africa | 635 | 665 | 728 | 713 | 690 | 771 | **806** | 10.7 | 4.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asia-Pacific | 510 | 509 | 556 | 534 | 544 | 633 | **658** | 18.3 | 3.9 |
| **Total Assets Under Management** | $4299 | $4369 | $4732 | $4715 | $4665 | $5117 | $**5446** | 15.1 | 6.4 |
| <sup>(1)</sup> Includes both floating- and constant-net-asset-value portfolios held in commingled structures or separate accounts. | <sup>(1)</sup> Includes both floating- and constant-net-asset-value portfolios held in commingled structures or separate accounts. | <sup>(1)</sup> Includes both floating- and constant-net-asset-value portfolios held in commingled structures or separate accounts. | <sup>(1)</sup> Includes both floating- and constant-net-asset-value portfolios held in commingled structures or separate accounts. | <sup>(1)</sup> Includes both floating- and constant-net-asset-value portfolios held in commingled structures or separate accounts. | <sup>(1)</sup> Includes both floating- and constant-net-asset-value portfolios held in commingled structures or separate accounts. | <sup>(1)</sup> Includes both floating- and constant-net-asset-value portfolios held in commingled structures or separate accounts. | <sup>(1)</sup> Includes both floating- and constant-net-asset-value portfolios held in commingled structures or separate accounts. | <sup>(1)</sup> Includes both floating- and constant-net-asset-value portfolios held in commingled structures or separate accounts. | <sup>(1)</sup> Includes both floating- and constant-net-asset-value portfolios held in commingled structures or separate accounts. |
| <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. |
| <sup>(3)</sup> AUM for passive alternative investments has been revised from prior presentations. | <sup>(3)</sup> AUM for passive alternative investments has been revised from prior presentations. | <sup>(3)</sup> AUM for passive alternative investments has been revised from prior presentations. | <sup>(3)</sup> AUM for passive alternative investments has been revised from prior presentations. | <sup>(3)</sup> AUM for passive alternative investments has been revised from prior presentations. | <sup>(3)</sup> AUM for passive alternative investments has been revised from prior presentations. | <sup>(3)</sup> AUM for passive alternative investments has been revised from prior presentations. | <sup>(3)</sup> AUM for passive alternative investments has been revised from prior presentations. | <sup>(3)</sup> AUM for passive alternative investments has been revised from prior presentations. | <sup>(3)</sup> AUM for passive alternative investments has been revised from prior presentations. |
| <sup>(4)</sup> Geographic mix is based on client location or fund management location. | <sup>(4)</sup> Geographic mix is based on client location or fund management location. | <sup>(4)</sup> Geographic mix is based on client location or fund management location. | <sup>(4)</sup> Geographic mix is based on client location or fund management location. | <sup>(4)</sup> Geographic mix is based on client location or fund management location. | <sup>(4)</sup> Geographic mix is based on client location or fund management location. | <sup>(4)</sup> Geographic mix is based on client location or fund management location. | <sup>(4)</sup> Geographic mix is based on client location or fund management location. | <sup>(4)</sup> Geographic mix is based on client location or fund management location. | <sup>(4)</sup> Geographic mix is based on client location or fund management location. |
| **Exchange-Traded Funds**<sup>(1)</sup> |  |  |  |  |  |  |  |  |  |
| By Asset Class: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Alternative Investments<sup>(2)</sup> | $74 | $77 | $91 | $90 | $114 | $124 | $**154** | 69.2% | 24.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity | 1131 | 1157 | 1253 | 1310 | 1252 | 1374 | **1500** | 19.7 | 9.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed-Income | 155 | 159 | 171 | 177 | 187 | 191 | **193** | 12.9 | 1.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Multi-Asset | 1 | 1 | 1 | 1 | 1 | 1 | **1** |  |  |
| Total Exchange-Traded Funds | $1361 | $1394 | $1516 | $1578 | $1554 | $1690 | $**1848** | 21.9 | 9.3 |
| <sup>(1)</sup> Exchange-traded funds are a component of assets under management presented above. | <sup>(1)</sup> Exchange-traded funds are a component of assets under management presented above. | <sup>(1)</sup> Exchange-traded funds are a component of assets under management presented above. | <sup>(1)</sup> Exchange-traded funds are a component of assets under management presented above. | <sup>(1)</sup> Exchange-traded funds are a component of assets under management presented above. | <sup>(1)</sup> Exchange-traded funds are a component of assets under management presented above. | <sup>(1)</sup> Exchange-traded funds are a component of assets under management presented above. | <sup>(1)</sup> Exchange-traded funds are a component of assets under management presented above. | <sup>(1)</sup> Exchange-traded funds are a component of assets under management presented above. | <sup>(1)</sup> Exchange-traded funds are a component of assets under management presented above. |
| <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. | <sup>(2)</sup> Includes real estate investment trusts, currency and commodities, including SPDR® Gold Shares and SPDR® Gold MiniSharesSM Trust. We are not the investment manager for the SPDR® Gold Shares and SPDR®Gold MiniSharesSM Trust, but act as the marketing agent. |

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| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** | **LINE OF BUSINESS INFORMATION** |
| | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | **Three Months Ended September 30,** | |
| | **Investment Servicing** | **Investment Servicing** | **Investment Servicing** | **Investment Servicing** | | **% Change** | **% Change** | | **Investment Management** | **Investment Management** | **Investment Management** | **Investment Management** | **Investment Management** | **% Change** | **% Change** | | **Other**<sup>(1)</sup> | **Other**<sup>(1)</sup> | **Other**<sup>(1)</sup> | **Other**<sup>(1)</sup> | **Other**<sup>(1)</sup> | **% Change** | **% Change** | **Total** | **Total** | **Total** | **% Change** | **% Change** | |
| **(Dollars in millions)** | 3Q24 | 2Q25 | **3Q25** | **3Q25** |  | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 |  | 3Q24 | 3Q24 |  | 2Q25 | **3Q25** | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 |  | 3Q24 | 2Q25 | 2Q25 |  | **3Q25** | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 | 3Q24 | 2Q25 | **3Q25** | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 |  |
| Servicing fees | $1266 | $1304 | **$** | **1357** |  | 7.2% | 4.1% |  | $|  |  | $— | $**—** | —% | —% |  | $— | $|  |  | $**—** | —% | —% | $1266 | $1304 | $**1357** | 7.2% | 4.1% |  |
| Management fees |  |  | **—** | **—** |  |  |  |  | 527 | 527 |  | 562 | **612** | 16.1 | 8.9 |  |  |  |  |  | **—** |  |  | 527 | 562 | **612** | 16.1 | 8.9 |  |
| Foreign exchange trading services | 312 | 390 | **364** | **364** |  | 16.7 | (6.7) |  | 47 | 47 |  | 38 | **52** | 10.6 | 36.8 |  | 15 | 3 | 3 |  | **—** | nm | nm | 374 | 431 | **416** | 11.2 | (3.5) |  |
| Securities finance | 111 | 119 | **133** | **133** |  | 19.8 | 11.8 |  | 5 | 5 |  | 7 | **5** |  | (28.6) |  |  |  |  |  | **—** |  |  | 116 | 126 | **138** | 19.0 | 9.5 |  |
| Software and processing fees | 208 | 254 | **227** | **227** |  | 9.1 | (10.6) |  |  |  |  |  | **—** |  |  |  |  | (24) | (24) |  | **—** |  | nm | 208 | 230 | **227** | 9.1 | (1.3) |  |
| Other fee revenue | 48 | 51 | **68** | **68** |  | 41.7 | 33.3 |  | 11 | 11 |  | 15 | **11** |  | nm |  | 66 |  |  |  | **—** | nm |  | 125 | 66 | **79** | (36.8) | nm |  |
| Total fee revenue | 1945 | 2118 | **2149** | **2149** |  | 10.5 | 1.5 |  | 590 | 590 |  | 622 | **680** | 15.3 | 9.3 |  | 81 | (21) | (21) |  | **—** | nm | nm | 2616 | 2719 | **2829** | 8.1 | 4.0 |  |
| Net interest income | 716 | 726 | **711** | **711** |  | (0.7) | (2.1) |  | 7 | 7 |  | 3 | **4** | (42.9) | 33.3 |  |  |  |  |  | **—** |  |  | 723 | 729 | **715** | (1.1) | (1.9) |  |
| Total other income | 1 |  | **1** | **1** |  |  |  |  |  |  |  |  | **—** |  |  |  | (81) |  |  |  | **—** | nm |  | (80) |  | **1** | nm | nm |  |
| **Total revenue** | 2662 | 2844 | **2861** | **2861** |  | 7.5 | 0.6 |  | 597 | 597 |  | 625 | **684** | 14.6 | 9.4 |  |  | (21) | (21) |  | **—** |  | nm | 3259 | 3448 | **3545** | 8.8 | 2.8 |  |
| Provision for credit losses | 26 | 30 | **9** | **9** |  | (65.4) | (70.0) |  |  |  |  |  | **—** |  |  |  |  |  |  |  | **—** |  |  | 26 | 30 | **9** | (65.4) | (70.0) |  |
| **Total expenses** | 1891 | 1995 | **1994** | **1994** |  | 5.4 | (0.1) |  | 417 | 417 |  | 417 | **440** | 5.5 | 5.5 |  |  | 117 | 117 |  | **—** |  | nm | 2308 | 2529 | **2434** | 5.5 | (3.8) |  |
| **Income before income tax expense** | $745 | $819 | **$** | **858** |  | 15.2 | 4.8 |  | $| 180 |  | $208 | $**244** | 35.6 | 17.3 |  | $— | $| (138) |  | $**—** |  | nm | $925 | $889 | $**1102** | 19.1 | 24.0 |  |
| **Pre-tax margin** | 28.0% | 28.8% | **30.0** | **30.0%** |  | 2.0% | 1.2% | pts | 30.2 | 30.2% |  | 33.3% | **35.7%** | 5.5% | 2.4% | pts |  |  |  |  |  |  |  | 28.4% | 25.8% | **31.1%** | 2.7% | 5.3% | pts |
|  | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** | **Nine Months Ended September 30,** |  |  |  |  |  |  |  |  |  |  |
|  | **Investment Servicing** | **Investment Servicing** | **% Change** | **% Change** |  | **Investment Management** | **Investment Management** |  | **% Change** | **% Change** |  | **Other**<sup>(1)</sup> | **Other**<sup>(1)</sup> | **% Change** | **Total** | **Total** | **Total** | **% Change** | **% Change** |  |  |  |  |  |  |  |  |  |  |
| **(Dollars in millions)** | 2024 | **2025** | YTD2025<br>vs.<br>YTD2024 | YTD2025<br>vs.<br>YTD2024 |  | 2024 | **2025** |  | YTD2025<br>vs.<br>YTD2024 | YTD2025<br>vs.<br>YTD2024 |  | 2024 | **2025** | YTD2025<br>vs.<br>YTD2024 | 2024 |  | **2025** | YTD2025<br>vs.<br>YTD2024 | YTD2025<br>vs.<br>YTD2024 |  |  |  |  |  |  |  |  |  |  |
| Servicing fees | $3733 | $**3936** | 5.4 | 5.4% |  | $— | $**—** |  |  | —% |  | $— | $**—** | —% | $3733 |  | $**3936** | 5.4 | 5.4% |  |  |  |  |  |  |  |  |  |  |
| Management fees |  | **—** |  |  |  | 1548 | **1736** |  | 12.1 | 12.1 |  |  | **—** |  | 1548 |  | **1736** | 12.1 | 12.1 |  |  |  |  |  |  |  |  |  |  |
| Foreign exchange trading services | 924 | **1091** | 18.1 | 18.1 |  | 102 | **115** |  | 12.7 | 12.7 |  | 15 | **3** | (80.0) | 1041 |  | **1209** | 16.1 | 16.1 |  |  |  |  |  |  |  |  |  |  |
| Securities finance | 302 | **360** | 19.2 | 19.2 |  | 18 | **18** |  |  |  |  |  | **—** |  | 320 |  | **378** | 18.1 | 18.1 |  |  |  |  |  |  |  |  |  |  |
| Software and processing fees | 629 | **706** | 12.2 | 12.2 |  |  | **—** |  |  |  |  |  | **(24)** | nm | 629 |  | **682** | 8.4 | 8.4 |  |  |  |  |  |  |  |  |  |  |
| Other fee revenue | 127 | **153** | 20.5 | 20.5 |  | 30 | **24** |  | (20.0) | (20.0) |  | 66 | **—** | nm | 223 |  | **177** | (20.6) | (20.6) |  |  |  |  |  |  |  |  |  |  |
| Total fee revenue | 5715 | **6246** | 9.3 | 9.3 |  | 1698 | **1893** |  | 11.5 | 11.5 |  | 81 | **(21)** | nm | 7494 |  | **8118** | 8.3 | 8.3 |  |  |  |  |  |  |  |  |  |  |
| Net interest income | 2157 | **2146** | (0.5) | (0.5) |  | 17 | **12** |  | (29.4) | (29.4) |  |  | **—** |  | 2174 |  | **2158** | (0.7) | (0.7) |  |  |  |  |  |  |  |  |  |  |
| Total other income | 1 | **1** |  |  |  |  | **—** |  |  |  |  | (81) | **—** | nm | (80) |  | **1** | nm | nm |  |  |  |  |  |  |  |  |  |  |
| **Total revenue** | 7873 | **8393** | 6.6 | 6.6 |  | 1715 | **1905** |  | 11.1 | 11.1 |  |  | **(21)** | nm | 9588 |  | **10277** | 7.2 | 7.2 |  |  |  |  |  |  |  |  |  |  |
| Provision for loan losses | 63 | **51** | (19.0) | (19.0) |  |  | **—** |  |  |  |  |  | **—** |  | 63 |  | **51** | (19.0) | (19.0) |  |  |  |  |  |  |  |  |  |  |
| **Total expenses** | 5734 | **6008** | 4.8 | 4.8 |  | 1225 | **1288** |  | 5.1 | 5.1 |  | 131 | **117** | (10.7) | 7090 |  | **7413** | 4.6 | 4.6 |  |  |  |  |  |  |  |  |  |  |
| **Income before income tax expense** | $2076 | $**2334** | 12.4 | 12.4 |  | $490 | $**617** |  | 25.9 | 25.9 |  | $(131) | $**(138)** | 5.3 | $2435 |  | $**2813** | 15.5 | 15.5 |  |  |  |  |  |  |  |  |  |  |
| **Pre-tax margin** | 26.4% | **27.8%** | 1.4 | 1.4% | pts | 28.6% | **32.4%** |  | 3.8 | 3.8% | pts |  |  |  | 25.4% |  | **27.4%** | 2.0 | 2.0% | pts |  |  |  |  |  |  |  |  |  |
| <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. | <sup>(1)</sup> Represents amounts that are not allocated to a specific line of business, including repositioning charges, employee costs, acquisition costs, revenue-related recoveries and certain legal accruals. |
| <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful |

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14&nbsp;&nbsp;&nbsp;&nbsp;

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 **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

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| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** | **REGULATORY CAPITAL** |
|  | Basel III Advanced Approaches<sup>(1)</sup>  | Basel III Advanced Approaches<sup>(1)</sup>  | Basel III Advanced Approaches<sup>(1)</sup>  | Basel III Advanced Approaches<sup>(1)</sup>  | Basel III Advanced Approaches<sup>(1)</sup>  | Basel III Advanced Approaches<sup>(1)</sup>  | Basel III Advanced Approaches<sup>(1)</sup>  | Basel III Advanced Approaches<sup>(1)</sup>  | Basel III Advanced Approaches<sup>(1)</sup>  | Basel III Advanced Approaches<sup>(1)</sup>  | Basel III Advanced Approaches<sup>(1)</sup>  | Basel III Advanced Approaches<sup>(1)</sup>  | Basel III Advanced Approaches<sup>(1)</sup>  | Basel III Advanced Approaches<sup>(1)</sup>  | Basel III Standardized Approach<sup>(2)</sup>  | Basel III Standardized Approach<sup>(2)</sup>  | Basel III Standardized Approach<sup>(2)</sup>  | Basel III Standardized Approach<sup>(2)</sup>  | Basel III Standardized Approach<sup>(2)</sup>  | Basel III Standardized Approach<sup>(2)</sup>  | Basel III Standardized Approach<sup>(2)</sup>  | Basel III Standardized Approach<sup>(2)</sup>  | Basel III Standardized Approach<sup>(2)</sup>  | Basel III Standardized Approach<sup>(2)</sup>  | Basel III Standardized Approach<sup>(2)</sup>  | Basel III Standardized Approach<sup>(2)</sup>  | Basel III Standardized Approach<sup>(2)</sup>  | Basel III Standardized Approach<sup>(2)</sup>  |
| (Dollars in millions) | 1Q24 | 1Q24 | 2Q24 | 2Q24 | 3Q24 | 3Q24 | 4Q24 | 4Q24 | 1Q25 | 1Q25 | 2Q25 | 2Q25 | **3Q25** | **3Q25** | 1Q24 | 1Q24 | 2Q24 | 2Q24 | 3Q24 | 3Q24 | 4Q24 | 4Q24 | 1Q25 | 1Q25 | 2Q25 | 2Q25 | **3Q25** | **3Q25** |
| **Ratios and Supporting Calculations:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Common equity tier 1 capital | $| 13167 | $| 13346 | $| 14071 | $| 13799 | $| 14362 | $| 14791 | **$** | **15156** | $| 13167 | $| 13346 | $| 14071 | $| 13799 | $| 14362 | $| 14791 | **$** | **15156** |
| Total risk-weighted assets | 112161 | 112161 | 111224 | 111224 | 112795 | 112795 | 114602 | 114602 | 114274 | 114274 | 118652 | 118652 | **115731** | **115731** | 118613 | 118613 | 119244 | 119244 | 121137 | 121137 | 126281 | 126281 | 130208 | 130208 | 137677 | 137677 | **134168** | **134168** |
| Common equity tier 1 risk-based capital ratio | 11.7 | 11.7% | 12.0 | 12.0% | 12.5 | 12.5% | 12.0 | 12.0% | 12.6 | 12.6% | 12.5 | 12.5% | **13.1** | **13.1%** | 11.1 | 11.1% | 11.2 | 11.2% | 11.6 | 11.6% | 10.9 | 10.9% | 11.0 | 11.0% | 10.7 | 10.7% | **11.3** | **11.3%** |
| Tier 1 capital | $| 15635 | $| 15814 | $| 16887 | $| 16615 | $| 17921 | $| 18350 | **$** | **18715** | $| 15635 | $| 15814 | $| 16887 | $| 16615 | $| 17921 | $| 18350 | **$** | **18715** |
| Tier 1 risk-based capital ratio | 13.9 | 13.9% | 14.2 | 14.2% | 15.0 | 15.0% | 14.5 | 14.5% | 15.7 | 15.7% | 15.5 | 15.5% | **16.2** | **16.2%** | 13.2 | 13.2% | 13.3 | 13.3% | 13.9 | 13.9% | 13.2 | 13.2% | 13.8 | 13.8% | 13.3 | 13.3% | **13.9** | **13.9%** |
| Total capital | $| 17504 | $| 17682 | $| 18754 | $| 18476 | $| 19799 | $| 20226 | **$** | **20608** | $| 17650 | $| 17827 | $| 18925 | $| 18659 | $| 19978 | $| 20418 | **$** | **20792** |
| Total risk-based capital ratio | 15.6 | 15.6% | 15.9 | 15.9% | 16.6 | 16.6% | 16.1 | 16.1% | 17.3 | 17.3% | 17.0 | 17.0% | **17.8** | **17.8%** | 14.9 | 14.9% | 15.0 | 15.0% | 15.6 | 15.6% | 14.8 | 14.8% | 15.3 | 15.3% | 14.8 | 14.8% | **15.5** | **15.5%** |
| Tier 1 capital | $| 15635 | $| 15814 | $| 16887 | $| 16615 | $| 17921 | $| 18350 | **$** | **18715** | $| 15635 | $| 15814 | $| 16887 | $| 16615 | $| 17921 | $| 18350 | **$** | **18715** |
| Adjusted average assets (Tier 1)<sup>(3)</sup> | 289772 | 289772 | 297350 | 297350 | 305699 | 305699 | 318470 | 318470 | 328520 | 328520 | 344822 | 344822 | **331553** | **331553** | 289772 | 289772 | 297350 | 297350 | 305699 | 305699 | 318470 | 318470 | 328520 | 328520 | 344822 | 344822 | **331553** | **331553** |
| Tier 1 leverage ratio | 5.4 | 5.4% | 5.3 | 5.3% | 5.5 | 5.5% | 5.2 | 5.2% | 5.5 | 5.5% | 5.3 | 5.3% | **5.6** | **5.6%** | 5.4 | 5.4% | 5.3 | 5.3% | 5.5 | 5.5% | 5.2 | 5.2% | 5.5 | 5.5% | 5.3 | 5.3% | **5.6** | **5.6%** |
| On-and off-balance sheet leverage exposure | $| 249668 | $| 261135 | $| 273809 | $| 278344 | $| 286035 | $| 300585 | **$** | **300388** | $| 249668 | $| 261135 | $| 273809 | $| 278344 | $| 286035 | $| 300585 | **$** | **300388** |
| Less: regulatory deductions | (8798) | (8798) | (8948) | (8948) | (8941) | (8941) | (8711) | (8711) | (8771) | (8771) | (8957) | (8957) | **(8927)** | **(8927)** | (8798) | (8798) | (8948) | (8948) | (8941) | (8941) | (8711) | (8711) | (8771) | (8771) | (8957) | (8957) | **(8927)** | **(8927)** |
| Leverage exposure (SLR) | 240870 | 240870 | 252187 | 252187 | 264868 | 264868 | 269633 | 269633 | 277264 | 277264 | 291628 | 291628 | **291461** | **291461** | 240870 | 240870 | 252187 | 252187 | 264868 | 264868 | 269633 | 269633 | 277264 | 277264 | 291628 | 291628 | **291461** | **291461** |
| Supplementary leverage ratio<sup>(4)</sup> | 6.5 | 6.5% | 6.3 | 6.3% | 6.4 | 6.4% | 6.2 | 6.2% | 6.5 | 6.5% | 6.3 | 6.3% | **6.4** | **6.4%** | 6.5 | 6.5% | 6.3 | 6.3% | 6.4 | 6.4% | 6.2 | 6.2% | 6.5 | 6.5% | 6.3 | 6.3% | **6.4** | **6.4%** |
| <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(1)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the advanced approaches provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. |
| <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. | <sup>(2)</sup> CET1, tier 1 capital, total capital and tier 1 leverage ratios for each period above were calculated in conformity with the standardized approach provisions of the Basel III final rule. Capital ratios as of September 30, 2025 are estimates. |
| <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. | <sup>(3)</sup> Adjusted average assets (Tier 1) is equal to average consolidated total assets less applicable Tier 1 capital deductions. |
| <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. | <sup>(4)</sup> We are subject to a minimum Supplementary Leverage Ratio or SLR of 3%, and as a U.S. G-SIB, we must maintain a 2% SLR buffer in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives. |

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| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **RECONCILIATIONS OF TANGIBLE BOOK VALUE PER SHARE AND RETURN ON TANGIBLE COMMON EQUITY** | **RECONCILIATIONS OF TANGIBLE BOOK VALUE PER SHARE AND RETURN ON TANGIBLE COMMON EQUITY** | **RECONCILIATIONS OF TANGIBLE BOOK VALUE PER SHARE AND RETURN ON TANGIBLE COMMON EQUITY** | **RECONCILIATIONS OF TANGIBLE BOOK VALUE PER SHARE AND RETURN ON TANGIBLE COMMON EQUITY** | **RECONCILIATIONS OF TANGIBLE BOOK VALUE PER SHARE AND RETURN ON TANGIBLE COMMON EQUITY** | **RECONCILIATIONS OF TANGIBLE BOOK VALUE PER SHARE AND RETURN ON TANGIBLE COMMON EQUITY** | **RECONCILIATIONS OF TANGIBLE BOOK VALUE PER SHARE AND RETURN ON TANGIBLE COMMON EQUITY** | **RECONCILIATIONS OF TANGIBLE BOOK VALUE PER SHARE AND RETURN ON TANGIBLE COMMON EQUITY** | **RECONCILIATIONS OF TANGIBLE BOOK VALUE PER SHARE AND RETURN ON TANGIBLE COMMON EQUITY** | **RECONCILIATIONS OF TANGIBLE BOOK VALUE PER SHARE AND RETURN ON TANGIBLE COMMON EQUITY** |
| The tangible book value per common share (TBVPS) and return on average tangible common equity (ROTCE) are ratios that management believes provides context about State Street's use of equity. The TBVPS ratio is calculated by dividing the period end tangible common equity by total common shares outstanding. The ROTCE ratio is calculated by dividing annualized net income available to common shareholders for the relevant period by average tangible common equity. Period end and average tangible common equity reflected in the TBVPS and ROTCE ratios, are both non-GAAP measures which reduce period end and average common shareholders' equity, by period end and average goodwill and other intangible assets, net of related deferred taxes. Since there is no authoritative requirement to calculate the TBVPS and ROTCE ratios, our TBVPS and ROTCE ratios are not necessarily comparable to similar measures disclosed or used by other companies in the financial services industry. TBVPS and ROTCE are non-GAAP financial measures and should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP or other applicable requirements. Reconciliations with respect to the calculation of these ratios are presented below.  | The tangible book value per common share (TBVPS) and return on average tangible common equity (ROTCE) are ratios that management believes provides context about State Street's use of equity. The TBVPS ratio is calculated by dividing the period end tangible common equity by total common shares outstanding. The ROTCE ratio is calculated by dividing annualized net income available to common shareholders for the relevant period by average tangible common equity. Period end and average tangible common equity reflected in the TBVPS and ROTCE ratios, are both non-GAAP measures which reduce period end and average common shareholders' equity, by period end and average goodwill and other intangible assets, net of related deferred taxes. Since there is no authoritative requirement to calculate the TBVPS and ROTCE ratios, our TBVPS and ROTCE ratios are not necessarily comparable to similar measures disclosed or used by other companies in the financial services industry. TBVPS and ROTCE are non-GAAP financial measures and should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP or other applicable requirements. Reconciliations with respect to the calculation of these ratios are presented below.  | The tangible book value per common share (TBVPS) and return on average tangible common equity (ROTCE) are ratios that management believes provides context about State Street's use of equity. The TBVPS ratio is calculated by dividing the period end tangible common equity by total common shares outstanding. The ROTCE ratio is calculated by dividing annualized net income available to common shareholders for the relevant period by average tangible common equity. Period end and average tangible common equity reflected in the TBVPS and ROTCE ratios, are both non-GAAP measures which reduce period end and average common shareholders' equity, by period end and average goodwill and other intangible assets, net of related deferred taxes. Since there is no authoritative requirement to calculate the TBVPS and ROTCE ratios, our TBVPS and ROTCE ratios are not necessarily comparable to similar measures disclosed or used by other companies in the financial services industry. TBVPS and ROTCE are non-GAAP financial measures and should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP or other applicable requirements. Reconciliations with respect to the calculation of these ratios are presented below.  | The tangible book value per common share (TBVPS) and return on average tangible common equity (ROTCE) are ratios that management believes provides context about State Street's use of equity. The TBVPS ratio is calculated by dividing the period end tangible common equity by total common shares outstanding. The ROTCE ratio is calculated by dividing annualized net income available to common shareholders for the relevant period by average tangible common equity. Period end and average tangible common equity reflected in the TBVPS and ROTCE ratios, are both non-GAAP measures which reduce period end and average common shareholders' equity, by period end and average goodwill and other intangible assets, net of related deferred taxes. Since there is no authoritative requirement to calculate the TBVPS and ROTCE ratios, our TBVPS and ROTCE ratios are not necessarily comparable to similar measures disclosed or used by other companies in the financial services industry. TBVPS and ROTCE are non-GAAP financial measures and should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP or other applicable requirements. Reconciliations with respect to the calculation of these ratios are presented below.  | The tangible book value per common share (TBVPS) and return on average tangible common equity (ROTCE) are ratios that management believes provides context about State Street's use of equity. The TBVPS ratio is calculated by dividing the period end tangible common equity by total common shares outstanding. The ROTCE ratio is calculated by dividing annualized net income available to common shareholders for the relevant period by average tangible common equity. Period end and average tangible common equity reflected in the TBVPS and ROTCE ratios, are both non-GAAP measures which reduce period end and average common shareholders' equity, by period end and average goodwill and other intangible assets, net of related deferred taxes. Since there is no authoritative requirement to calculate the TBVPS and ROTCE ratios, our TBVPS and ROTCE ratios are not necessarily comparable to similar measures disclosed or used by other companies in the financial services industry. TBVPS and ROTCE are non-GAAP financial measures and should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP or other applicable requirements. Reconciliations with respect to the calculation of these ratios are presented below.  | The tangible book value per common share (TBVPS) and return on average tangible common equity (ROTCE) are ratios that management believes provides context about State Street's use of equity. The TBVPS ratio is calculated by dividing the period end tangible common equity by total common shares outstanding. The ROTCE ratio is calculated by dividing annualized net income available to common shareholders for the relevant period by average tangible common equity. Period end and average tangible common equity reflected in the TBVPS and ROTCE ratios, are both non-GAAP measures which reduce period end and average common shareholders' equity, by period end and average goodwill and other intangible assets, net of related deferred taxes. Since there is no authoritative requirement to calculate the TBVPS and ROTCE ratios, our TBVPS and ROTCE ratios are not necessarily comparable to similar measures disclosed or used by other companies in the financial services industry. TBVPS and ROTCE are non-GAAP financial measures and should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP or other applicable requirements. Reconciliations with respect to the calculation of these ratios are presented below.  | The tangible book value per common share (TBVPS) and return on average tangible common equity (ROTCE) are ratios that management believes provides context about State Street's use of equity. The TBVPS ratio is calculated by dividing the period end tangible common equity by total common shares outstanding. The ROTCE ratio is calculated by dividing annualized net income available to common shareholders for the relevant period by average tangible common equity. Period end and average tangible common equity reflected in the TBVPS and ROTCE ratios, are both non-GAAP measures which reduce period end and average common shareholders' equity, by period end and average goodwill and other intangible assets, net of related deferred taxes. Since there is no authoritative requirement to calculate the TBVPS and ROTCE ratios, our TBVPS and ROTCE ratios are not necessarily comparable to similar measures disclosed or used by other companies in the financial services industry. TBVPS and ROTCE are non-GAAP financial measures and should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP or other applicable requirements. Reconciliations with respect to the calculation of these ratios are presented below.  | The tangible book value per common share (TBVPS) and return on average tangible common equity (ROTCE) are ratios that management believes provides context about State Street's use of equity. The TBVPS ratio is calculated by dividing the period end tangible common equity by total common shares outstanding. The ROTCE ratio is calculated by dividing annualized net income available to common shareholders for the relevant period by average tangible common equity. Period end and average tangible common equity reflected in the TBVPS and ROTCE ratios, are both non-GAAP measures which reduce period end and average common shareholders' equity, by period end and average goodwill and other intangible assets, net of related deferred taxes. Since there is no authoritative requirement to calculate the TBVPS and ROTCE ratios, our TBVPS and ROTCE ratios are not necessarily comparable to similar measures disclosed or used by other companies in the financial services industry. TBVPS and ROTCE are non-GAAP financial measures and should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP or other applicable requirements. Reconciliations with respect to the calculation of these ratios are presented below.  | The tangible book value per common share (TBVPS) and return on average tangible common equity (ROTCE) are ratios that management believes provides context about State Street's use of equity. The TBVPS ratio is calculated by dividing the period end tangible common equity by total common shares outstanding. The ROTCE ratio is calculated by dividing annualized net income available to common shareholders for the relevant period by average tangible common equity. Period end and average tangible common equity reflected in the TBVPS and ROTCE ratios, are both non-GAAP measures which reduce period end and average common shareholders' equity, by period end and average goodwill and other intangible assets, net of related deferred taxes. Since there is no authoritative requirement to calculate the TBVPS and ROTCE ratios, our TBVPS and ROTCE ratios are not necessarily comparable to similar measures disclosed or used by other companies in the financial services industry. TBVPS and ROTCE are non-GAAP financial measures and should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP or other applicable requirements. Reconciliations with respect to the calculation of these ratios are presented below.  | The tangible book value per common share (TBVPS) and return on average tangible common equity (ROTCE) are ratios that management believes provides context about State Street's use of equity. The TBVPS ratio is calculated by dividing the period end tangible common equity by total common shares outstanding. The ROTCE ratio is calculated by dividing annualized net income available to common shareholders for the relevant period by average tangible common equity. Period end and average tangible common equity reflected in the TBVPS and ROTCE ratios, are both non-GAAP measures which reduce period end and average common shareholders' equity, by period end and average goodwill and other intangible assets, net of related deferred taxes. Since there is no authoritative requirement to calculate the TBVPS and ROTCE ratios, our TBVPS and ROTCE ratios are not necessarily comparable to similar measures disclosed or used by other companies in the financial services industry. TBVPS and ROTCE are non-GAAP financial measures and should be considered in addition to, not as a substitute for or superior to, financial measures determined in accordance with GAAP or other applicable requirements. Reconciliations with respect to the calculation of these ratios are presented below.  |
|  | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters |  |  |
| (Dollars in millions, except per share amounts, or where otherwise noted) | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 1Q25 | 2Q25 | **3Q25** |  |  |
| **Tangible common equity - period end:** |  |  |  |  |  |  |  |  |  |
| Total shareholders' equity | $24433 | $24762 | $25828 | $25326 | $26692 | $27307 | $**27642** |  |  |
| Less: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred stock | 2468 | 2468 | 2816 | 2816 | 3559 | 3559 | **3559** |  |  |
| Common shareholders' equity | 21965 | 22294 | 23012 | 22510 | 23133 | 23748 | **24083** |  |  |
| Less: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 7582 | 7751 | 7833 | 7691 | 7763 | 7918 | **7916** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other intangible assets | 1258 | 1209 | 1166 | 1089 | 1046 | 1014 | **958** |  |  |
| Plus related deferred tax liabilities | 460 | 461 | 467 | 459 | 465 | 479 | **473** |  |  |
| **Tangible common shareholders' equity - Non-GAAP** | $13585 | $13795 | $14480 | $14189 | $14789 | $15295 | $**15682** |  |  |
| Total common shares outstanding - period end (in thousands) | 301504 | 299231 | 294191 | 288766 | 288676 | 285562 | **282218** |  |  |
| Book value per common share | $72.85 | $74.50 | $78.22 | $77.95 | $80.13 | $83.16 | $**85.33** |  |  |
| Tangible book value per common share - Non-GAAP | 45.06 | 46.10 | 49.22 | 49.14 | 51.23 | 53.56 | **55.57** |  |  |
|  | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Year-to-Date | Year-to-Date |
| (Dollars in millions, except where otherwise noted) | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 1Q25 | 2Q25 | **3Q25** | 2024 | **2025** |
| **Tangible common equity - average:** |  |  |  |  |  |  |  |  |  |
| Average common shareholders' equity | $21850 | $22061 | $22691 | $22744 | $22847 | $23496 | $**23772** | $22203 | $**23376** |
| Less: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average goodwill | 7589 | 7750 | 7798 | 7745 | 7717 | 7854 | **7906** | 7712 | **7827** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average other intangible assets | 1287 | 1230 | 1187 | 1121 | 1065 | 1029 | **982** | 1235 | **1025** |
| Plus related deferred tax liabilities | 460 | 460 | 464 | 463 | 462 | 472 | **476** | 462 | **470** |
| **Average tangible common shareholders' equity - Non-GAAP** | $13434 | $13541 | $14170 | $14341 | $14527 | $15085 | $**15360** | $13718 | $**14994** |
| Net income available to common shareholders | $418 | $655 | $682 | $728 | $597 | $630 | $**802** | $1755 | $**2029** |
| Net income available to common shareholders, excluding notable items<sup>(1)</sup> | 517 | 655 | 682 | 769 | 597 | 733 | **802** | 1854 | **2132** |
| Return on average tangible common equity - Non-GAAP<sup>(2)</sup> | 12.4% | 19.3% | 19.3% | 20.3% | 16.4% | 16.7% | **20.9%** | 17.1% | **18.0%** |
| Return on average tangible common equity, excluding notable items - Non-GAAP<sup>(2)(3)</sup> | 15.4 | 19.3 | 19.3 | 21.4 | 16.4 | 19.4 | **20.9** | 18.0 | **19.0** |
| <sup>(1)</sup> Refer to Reconciliations of non-GAAP Financial Information pages for a reconciliation of net income available to common shareholders, excluding notable items. | <sup>(1)</sup> Refer to Reconciliations of non-GAAP Financial Information pages for a reconciliation of net income available to common shareholders, excluding notable items. | <sup>(1)</sup> Refer to Reconciliations of non-GAAP Financial Information pages for a reconciliation of net income available to common shareholders, excluding notable items. | <sup>(1)</sup> Refer to Reconciliations of non-GAAP Financial Information pages for a reconciliation of net income available to common shareholders, excluding notable items. | <sup>(1)</sup> Refer to Reconciliations of non-GAAP Financial Information pages for a reconciliation of net income available to common shareholders, excluding notable items. | <sup>(1)</sup> Refer to Reconciliations of non-GAAP Financial Information pages for a reconciliation of net income available to common shareholders, excluding notable items. | <sup>(1)</sup> Refer to Reconciliations of non-GAAP Financial Information pages for a reconciliation of net income available to common shareholders, excluding notable items. | <sup>(1)</sup> Refer to Reconciliations of non-GAAP Financial Information pages for a reconciliation of net income available to common shareholders, excluding notable items. | <sup>(1)</sup> Refer to Reconciliations of non-GAAP Financial Information pages for a reconciliation of net income available to common shareholders, excluding notable items. | <sup>(1)</sup> Refer to Reconciliations of non-GAAP Financial Information pages for a reconciliation of net income available to common shareholders, excluding notable items. |
| <sup>(2)</sup> Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly ROTCE calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. | <sup>(2)</sup> Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly ROTCE calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. | <sup>(2)</sup> Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly ROTCE calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. | <sup>(2)</sup> Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly ROTCE calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. | <sup>(2)</sup> Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly ROTCE calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. | <sup>(2)</sup> Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly ROTCE calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. | <sup>(2)</sup> Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly ROTCE calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. | <sup>(2)</sup> Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly ROTCE calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. | <sup>(2)</sup> Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly ROTCE calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. | <sup>(2)</sup> Beginning in the third quarter of 2024, quarterly annualized net income available to common shareholders is utilized in the quarterly ROTCE calculation as compared to year-to-date annualized net income available to common shareholders utilized in prior quarters. Prior quarterly periods have been revised to conform to the current presentation. |
| <sup>(3)</sup> Return on average tangible common equity, excluding notable items - non-GAAP is calculated by dividing annualized net income available to common shareholders, excluding notable items for the relevant period by average tangible common equity. | <sup>(3)</sup> Return on average tangible common equity, excluding notable items - non-GAAP is calculated by dividing annualized net income available to common shareholders, excluding notable items for the relevant period by average tangible common equity. | <sup>(3)</sup> Return on average tangible common equity, excluding notable items - non-GAAP is calculated by dividing annualized net income available to common shareholders, excluding notable items for the relevant period by average tangible common equity. | <sup>(3)</sup> Return on average tangible common equity, excluding notable items - non-GAAP is calculated by dividing annualized net income available to common shareholders, excluding notable items for the relevant period by average tangible common equity. | <sup>(3)</sup> Return on average tangible common equity, excluding notable items - non-GAAP is calculated by dividing annualized net income available to common shareholders, excluding notable items for the relevant period by average tangible common equity. | <sup>(3)</sup> Return on average tangible common equity, excluding notable items - non-GAAP is calculated by dividing annualized net income available to common shareholders, excluding notable items for the relevant period by average tangible common equity. | <sup>(3)</sup> Return on average tangible common equity, excluding notable items - non-GAAP is calculated by dividing annualized net income available to common shareholders, excluding notable items for the relevant period by average tangible common equity. | <sup>(3)</sup> Return on average tangible common equity, excluding notable items - non-GAAP is calculated by dividing annualized net income available to common shareholders, excluding notable items for the relevant period by average tangible common equity. | <sup>(3)</sup> Return on average tangible common equity, excluding notable items - non-GAAP is calculated by dividing annualized net income available to common shareholders, excluding notable items for the relevant period by average tangible common equity. | <sup>(3)</sup> Return on average tangible common equity, excluding notable items - non-GAAP is calculated by dividing annualized net income available to common shareholders, excluding notable items for the relevant period by average tangible common equity. |

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| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |  |  |  |  |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |  |  |  |  |
| **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION** |  |  |  |  |
| In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. | In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we present capital ratios, calculated under regulatory standards scheduled to be effective in the future or other standards, that management uses in evaluating State Street's business and activities and believes may similarly be useful to investors. Additionally, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. |  |  |  |  |
| Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. |  |  |  |  |
| Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. | Quarters | % Change | Year-to-Date | % Change |
| (Dollars in millions) | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 1Q25 | 2Q25 | **3Q25** | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 | 3Q25<br> vs. <br>2Q25 | 2024 | **2025** | YTD2025<br> vs. <br>YTD2024 | YTD2025<br> vs. <br>YTD2024 |  |  |  |  |
| **Fee Revenue:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Total fee revenue, GAAP-basis | $2422 | $2456 | $2616 | $2662 | $2570 | $2719 | $**2829** | 8.1% |  | 4.0% |  | $7494 | $**8118** | 8.3% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Notable items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange trading services<sup>(1)</sup> |  |  | (15) |  |  | (3) | **—** | nm |  | nm |  | (15) | **(3)** | nm |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (revenue impact)<sup>(2)</sup> |  |  |  |  |  | 24 | **—** | nm |  | nm |  |  | **24** | nm |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other fee revenue<sup>(3)</sup> |  |  | (66) |  |  |  | **—** | nm |  |  |  | (66) | **—** | nm |  |  |  |  |  |
| Total fee revenue, excluding notable items | $2422 | $2456 | $2535 | $2662 | $2570 | $2740 | $**2829** | 11.6 |  | 3.2 |  | $7413 | $**8139** | 9.8 |  |  |  |  |  |
| **Total Revenue:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Total revenue, GAAP-basis | $3138 | $3191 | $3259 | $3412 | $3284 | $3448 | $**3545** | 8.8% |  | 2.8% |  | $9588 | $**10277** | 7.2% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Notable items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange trading services<sup>(1)</sup> |  |  | (15) |  |  | (3) | **—** | nm |  | nm |  | (15) | **(3)** | nm |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (revenue impact)<sup>(2)</sup> |  |  |  |  |  | 24 | **—** | nm |  | nm |  |  | **24** | nm |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other fee revenue<sup>(3)</sup> |  |  | (66) |  |  |  | **—** | nm |  |  |  | (66) | **—** | nm |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Gains) losses related to investment securities, net<sup>(4)</sup> |  |  | 81 |  |  |  | **—** | nm |  |  |  | 81 | **—** | nm |  |  |  |  |  |
| Total revenue, excluding notable items | $3138 | $3191 | $3259 | $3412 | $3284 | $3469 | $**3545** | 8.8 |  | 2.2 |  | $9588 | $**10298** | 7.4 |  |  |  |  |  |
| **Expenses:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Total expenses, GAAP-basis | $2513 | $2269 | $2308 | $2440 | $2450 | $2529 | $**2434** | 5.5% |  | (3.8)% |  | $7090 | $**7413** | 4.6% |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Notable items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred compensation expense acceleration<sup>(5)</sup> |  |  |  | (79) |  |  | **—** |  |  |  |  |  | **—** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repositioning charges<sup>(6)</sup> |  |  |  | 2 |  | (100) | **—** |  |  | nm |  |  | **(100)** | nm |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (expense impact)<sup>(2)</sup> |  |  |  |  |  | (18) | **—** |  |  | nm |  |  | **(18)** | nm |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FDIC special assessment<sup>(7)</sup> | (130) |  |  | 31 |  |  | **—** |  |  | nm |  | (130) | **—** | nm |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other notable items<sup>(8)</sup> |  |  |  | (12) |  | 1 | **—** |  |  | nm |  |  | **1** | nm |  |  |  |  |  |
| Total expenses, excluding notable items | 2383 | 2269 | 2308 | 2382 | 2450 | 2412 | **2434** | 5.5 |  | 0.9 |  | 6960 | **7296** | 4.8 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seasonal expenses | (162) |  |  |  | (155) |  | **—** |  |  |  |  | (162) | **(155)** | (4.3) |  |  |  |  |  |
| Total expenses, excluding notable items and seasonal expenses | $2221 | $2269 | $2308 | $2382 | $2295 | $2412 | $**2434** | 5.5 |  | 0.9 |  | $6798 | $**7141** | 5.0 |  |  |  |  |  |
| **Fee Operating Leverage, GAAP-Basis:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Total fee revenue, GAAP-basis | $2422 | $2456 | $2616 | $2662 | $2570 | $2719 | $**2829** | 8.14% |  | 4.05% |  | $7494 | $**8118** | 8.33% |  |  |  |  |  |
| Total expenses, GAAP-basis | 2513 | 2269 | 2308 | 2440 | 2450 | 2529 | **2434** | 5.46 |  | (3.76) |  | 7090 | **7413** | 4.56 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fee operating leverage, GAAP-basis<sup>(9)</sup> |  |  |  |  |  |  |  | 268 | bps | 781 | bps |  |  | 377 | bps |  |  |  |  |
| **Fee Operating Leverage, excluding notable items:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Total fee revenue, excluding notable items (as reconciled above) | $2422 | $2456 | $2535 | $2662 | $2570 | $2740 | $**2829** | 11.60% |  | 3.25% |  | $7413 | $**8139** | 9.79% |  |  |  |  |  |
| Total expenses, excluding notable items (as reconciled above) | 2383 | 2269 | 2308 | 2382 | 2450 | 2412 | **2434** | 5.46 |  | 0.91 |  | 6960 | **7296** | 4.83 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fee operating leverage, excluding notable items<sup>(10)</sup> |  |  |  |  |  |  |  | 614 | bps | 234 | bps |  |  | 496 | bps |  |  |  |  |
| **Operating Leverage, GAAP-Basis:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Total revenue, GAAP-basis | $3138 | $3191 | $3259 | $3412 | $3284 | $3448 | $**3545** | 8.78% |  | 2.81% |  | $9588 | $**10277** | 7.19% |  |  |  |  |  |
| Total expenses, GAAP-basis | 2513 | 2269 | 2308 | 2440 | 2450 | 2529 | **2434** | 5.46 |  | (3.76) |  | 7090 | **7413** | 4.56 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating leverage, GAAP-basis<sup>(11)</sup> |  |  |  |  |  |  |  | 332 | bps | 657 | bps |  |  | 263 | bps |  |  |  |  |

---

17&nbsp;&nbsp;&nbsp;&nbsp;

------

 **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** |
|  | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | % Change | % Change | % Change | % Change | Year-to-Date | Year-to-Date | % Change | % Change |
| (Dollars in millions, except earnings per share, or where otherwise noted) | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 1Q25 | 2Q25 | **3Q25** | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 | 3Q25<br> vs. <br>2Q25 | 2024 | **2025** | YTD2025<br> vs. <br>YTD2024 | YTD2025<br> vs. <br>YTD2024 |
| **Operating Leverage, excluding notable items:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Total revenue, excluding notable items (as reconciled above) | $3138 | $3191 | $3259 | $3412 | $3284 | $3469 | $**3545** | 8.78% |  | 2.19% |  | $9588 | $**10298** | 7.41% |  |
| Total expenses, excluding notable items (as reconciled above) | 2383 | 2269 | 2308 | 2382 | 2450 | 2412 | **2434** | 5.46 |  | 0.91 |  | 6960 | **7296** | 4.83 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating leverage, excluding notable items<sup>(12)</sup> |  |  |  |  |  |  |  | 332 | bps | 128 | bps |  |  | 258 | bps |
| **Income before income tax expense:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Income before income tax expense GAAP-basis | $598 | $912 | $925 | $960 | $822 | $889 | $**1102** | 19.1% |  | 24.0% |  | $2435 | $**2813** | 15.5% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Notable items |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange trading services<sup>(1)</sup> |  |  | (15) |  |  | (3) | **—** |  |  |  |  | (15) | **(3)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (revenue impact)<sup>(2)</sup> |  |  |  |  |  | 24 | **—** |  |  |  |  |  | **24** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other fee revenue<sup>(3)</sup> |  |  | (66) |  |  |  | **—** |  |  |  |  | (66) | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Gains) losses related to investment securities, net<sup>(4)</sup> |  |  | 81 |  |  |  | **—** |  |  |  |  | 81 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred compensation expense acceleration<sup>(5)</sup> |  |  |  | 79 |  |  | **—** |  |  |  |  |  | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repositioning charges<sup>(6)</sup> |  |  |  | (2) |  | 100 | **—** |  |  |  |  |  | **100** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (expense impact)<sup>(2)</sup> |  |  |  |  |  | 18 | **—** |  |  |  |  |  | **18** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FDIC special assessment<sup>(7)</sup> | 130 |  |  | (31) |  |  | **—** |  |  |  |  | 130 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other notable items<sup>(8)</sup> |  |  |  | 12 |  | (1) | **—** |  |  |  |  |  | **(1)** |  |  |
| Income before income tax expense, excluding notable items | $728 | $912 | $925 | $1018 | $822 | $1027 | $**1102** | 19.1 |  | 7.3 |  | $2565 | $**2951** | 15.0 |  |
| **Net Income:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income GAAP-basis | $463 | $711 | $730 | $783 | $644 | $693 | $**861** | 17.9% |  | 24.2% |  | $1904 | $**2198** | 15.4% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Notable items |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange trading services<sup>(1)</sup> |  |  | (15) |  |  | (3) | **—** |  |  |  |  | (15) | **(3)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (revenue impact)<sup>(2)</sup> |  |  |  |  |  | 24 | **—** |  |  |  |  |  | **24** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other fee revenue<sup>(3)</sup> |  |  | (66) |  |  |  | **—** |  |  |  |  | (66) | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Gains) losses related to investment securities, net<sup>(4)</sup> |  |  | 81 |  |  |  | **—** |  |  |  |  | 81 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred compensation expense acceleration<sup>(5)</sup> |  |  |  | 79 |  |  | **—** |  |  |  |  |  | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repositioning charges<sup>(6)</sup> |  |  |  | (2) |  | 100 | **—** |  |  |  |  |  | **100** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (expense impact)<sup>(2)</sup> |  |  |  |  |  | 18 | **—** |  |  |  |  |  | **18** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FDIC special assessment<sup>(7)</sup> | 130 |  |  | (31) |  |  | **—** |  |  |  |  | 130 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other notable items<sup>(8)</sup> |  |  |  | 12 |  | (1) | **—** |  |  |  |  |  | **(1)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax impact of notable items | (31) |  |  | (17) |  | (35) | **—** |  |  |  |  | (31) | **(35)** |  |  |
| Net Income, excluding notable items | $562 | $711 | $730 | $824 | $644 | $796 | $**861** | 17.9 |  | 8.2 |  | $2003 | $**2301** | 14.9 |  |
| **Net Income Available to Common Shareholders:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income Available to Common Shareholders, GAAP-basis | $418 | $655 | $682 | $728 | $597 | $630 | $**802** | 17.6% |  | 27.3% |  | $1755 | $**2029** | 15.6% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Notable items |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange trading services<sup>(1)</sup> |  |  | (15) |  |  | (3) | **—** |  |  |  |  | (15) | **(3)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (revenue impact)<sup>(2)</sup> |  |  |  |  |  | 24 | **—** |  |  |  |  |  | **24** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other fee revenue<sup>(3)</sup> |  |  | (66) |  |  |  | **—** |  |  |  |  | (66) | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Gains) losses related to investment securities, net<sup>(4)</sup> |  |  | 81 |  |  |  | **—** |  |  |  |  | 81 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred compensation expense acceleration<sup>(5)</sup> |  |  |  | 79 |  |  | **—** |  |  |  |  |  | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repositioning charges<sup>(6)</sup> |  |  |  | (2) |  | 100 | **—** |  |  |  |  |  | **100** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (expense impact)<sup>(2)</sup> |  |  |  |  |  | 18 | **—** |  |  |  |  |  | **18** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FDIC special assessment<sup>(7)</sup> | 130 |  |  | (31) |  |  | **—** |  |  |  |  | 130 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other notable items<sup>(8)</sup> |  |  |  | 12 |  | (1) | **—** |  |  |  |  |  | **(1)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax impact of notable items | (31) |  |  | (17) |  | (35) | **—** |  |  |  |  | (31) | **(35)** |  |  |
| Net Income Available to Common Shareholders, excluding notable items | $517 | $655 | $682 | $769 | $597 | $733 | $**802** | 17.6 |  | 9.4 |  | $1854 | $**2132** | 15.0 |  |

---

18&nbsp;&nbsp;&nbsp;&nbsp;

------

 **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** |
|  | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | % Change | % Change | % Change | % Change | Year-to-Date | Year-to-Date | % Change | % Change |
| (Dollars in millions, except earnings per share, or where otherwise noted) | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 1Q25 | 2Q25 | **3Q25** | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 | 3Q25<br> vs. <br>2Q25 | 2024 | **2025** | YTD2025<br> vs. <br>YTD2024 | YTD2025<br> vs. <br>YTD2024 |
| **Diluted Earnings per Share:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Diluted earnings per share, GAAP-basis | $1.37 | $2.15 | $2.26 | $2.46 | $2.04 | $2.17 | $**2.78** | 23.0% |  | 28.1% |  | $5.77 | $**6.98** | 21.0% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Notable items |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange trading services<sup>(1)</sup> |  |  | (0.04) |  |  | (0.01) | **—** |  |  |  |  | (0.04) | **(0.01)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (revenue impact)<sup>(2)</sup> |  |  |  |  |  | 0.06 | **—** |  |  |  |  |  | **0.06** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other fee revenue<sup>(3)</sup> |  |  | (0.16) |  |  |  | **—** |  |  |  |  | (0.16) | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Gains) losses related to investment securities, net<sup>(4)</sup> |  |  | 0.20 |  |  |  | **—** |  |  |  |  | 0.20 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred compensation expense acceleration<sup>(5)</sup> |  |  |  | 0.20 |  |  | **—** |  |  |  |  |  | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repositioning charges<sup>(6)</sup> |  |  |  | (0.01) |  | 0.26 | **—** |  |  |  |  |  | **0.26** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (expense impact)<sup>(2)</sup> |  |  |  |  |  | 0.05 | **—** |  |  |  |  |  | **0.05** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FDIC special assessment<sup>(7)</sup> | 0.32 |  |  | (0.08) |  |  | **—** |  |  |  |  | 0.32 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other notable items<sup>(8)</sup> |  |  |  | 0.03 |  |  | **—** |  |  |  |  |  | **—** |  |  |
| Diluted earnings per share, excluding notable items | $1.69 | $2.15 | $2.26 | $2.60 | $2.04 | $2.53 | $**2.78** | 23.0 |  | 9.9 |  | $6.09 | $**7.34** | 20.5 |  |
| **Pre-tax Margin:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Pre-tax margin, GAAP-basis<sup>(13)</sup> | 19.1% | 28.6% | 28.4% | 28.1% | 25.0% | 25.8% | **31.1%** | 2.7% | pts | 5.3% | pts | 25.4% | **27.4%** | 2.0% | pts |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Notable items |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange trading services<sup>(1)</sup> |  |  | (0.3) |  |  | (0.1) | **—** |  |  |  |  | (0.2) | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (revenue impact)<sup>(2)</sup> |  |  |  |  |  | 0.7 | **—** |  |  |  |  |  | **0.2** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other fee revenue<sup>(3)</sup> |  |  | (1.1) |  |  |  | **—** |  |  |  |  | (0.7) | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Gains) losses related to investment securities, net<sup>(4)</sup> |  |  | 1.4 |  |  |  | **—** |  |  |  |  | 0.9 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred compensation expense acceleration<sup>(5)</sup> |  |  |  | 2.3 |  |  | **—** |  |  |  |  |  | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repositioning charges<sup>(6)</sup> |  |  |  | (0.1) |  | 2.7 | **—** |  |  |  |  |  | **0.9** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (expense impact)<sup>(2)</sup> |  |  |  |  |  | 0.5 | **—** |  |  |  |  |  | **0.2** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FDIC special assessment<sup>(7)</sup> | 4.1 |  |  | (0.9) |  |  | **—** |  |  |  |  | 1.4 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other notable items<sup>(8)</sup> |  |  |  | 0.4 |  |  | **—** |  |  |  |  |  | **—** |  |  |
| Pre-tax margin, excluding notable items | 23.2% | 28.6% | 28.4% | 29.8% | 25.0% | 29.6% | **31.1%** | 2.7 |  | 1.5 |  | 26.8% | **28.7%** | 1.9 |  |
| **Return on Average Common Equity:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Return on average common equity, GAAP-basis | 7.7% | 11.9% | 12.0% | 12.7% | 10.6% | 10.8% | **13.4%** | 1.4% | pts | 2.6% | pts | 10.6% | **11.6%** | 1.0% | pts |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Notable items |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange trading services<sup>(1)</sup> |  |  | (0.3) |  |  | (0.1) | **—** |  |  |  |  | (0.1) | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (revenue impact)<sup>(2)</sup> |  |  |  |  |  | 0.4 | **—** |  |  |  |  |  | **0.1** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other fee revenue<sup>(3)</sup> |  |  | (1.1) |  |  |  | **—** |  |  |  |  | (0.4) | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Gains) losses related to investment securities, net<sup>(4)</sup> |  |  | 1.4 |  |  |  | **—** |  |  |  |  | 0.5 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred compensation expense acceleration<sup>(5)</sup> |  |  |  | 1.5 |  |  | **—** |  |  |  |  |  | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repositioning charges<sup>(6)</sup> |  |  |  |  |  | 1.7 | **—** |  |  |  |  |  | **0.6** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (expense impact)<sup>(2)</sup> |  |  |  |  |  | 0.3 | **—** |  |  |  |  |  | **0.1** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FDIC special assessment<sup>(7)</sup> | 2.4 |  |  | (0.6) |  |  | **—** |  |  |  |  | 0.8 | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other notable items<sup>(8)</sup> |  |  |  | 0.2 |  |  | **—** |  |  |  |  |  | **—** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax impact of notable items | (0.6) |  |  | (0.3) |  | (0.6) | **—** |  |  |  |  | (0.2) | **(0.2)** |  |  |
| Return on average common equity, excluding notable items | 9.5% | 11.9% | 12.0% | 13.5% | 10.6% | 12.5% | **13.4%** | 1.4 |  | 0.9 |  | 11.2% | **12.2%** | 1.0 |  |

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19&nbsp;&nbsp;&nbsp;&nbsp;

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 **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** | **RECONCILIATIONS OF NON-GAAP FINANCIAL INFORMATION (Continued)** |
|  | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | Quarters | % Change | % Change | Year-to-Date | Year-to-Date | % Change |
| (Dollars in millions, except earnings per share, or where otherwise noted) | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 1Q25 | 2Q25 | **3Q25** | 3Q25<br> vs. <br>3Q24 | 3Q25<br> vs. <br>2Q25 | 2024 | **2025** | YTD2025<br> vs. <br>YTD2024 |
| **Effective Tax Rate:** |  |  |  |  |  |  |  |  |  |  |  |  |
| Effective tax rate, GAAP-basis | 22.5% | 22.1% | 21.1% | 18.4% | 21.7% | 22.0% | **21.9%** | 0.8% | (0.1)% | 21.8% | **21.9%** | 0.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Notable items |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange trading services<sup>(1)</sup> |  |  |  |  |  |  | **—** |  |  |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (revenue impact)<sup>(2)</sup> |  |  |  |  |  | 0.1 | **—** |  |  |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other fee revenue<sup>(3)</sup> |  |  | (0.1) |  |  |  | **—** |  |  | (0.1) | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Gains) losses related to investment securities, net<sup>(4)</sup> |  |  | 0.1 |  |  |  | **—** |  |  | 0.1 | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred compensation expense acceleration<sup>(5)</sup> |  |  |  | 0.7 |  |  | **—** |  |  |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repositioning charges<sup>(6)</sup> |  |  |  |  |  | 0.4 | **—** |  |  |  | **0.1** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client rescoping (expense impact)<sup>(2)</sup> |  |  |  |  |  |  | **—** |  |  |  | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FDIC special assessment<sup>(7)</sup> | 0.3 |  |  | (0.3) |  |  | **—** |  |  | 0.1 | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other notable items<sup>(8)</sup> |  |  |  | 0.1 |  |  | **—** |  |  |  | **—** |  |
| Effective tax rate, excluding notable items | 22.8% | 22.1% | 21.1% | 18.9% | 21.7% | 22.5% | **21.9%** | 0.8 | (0.6) | 21.9% | **22.0%** | 0.1 |
| <sup>(1)</sup> Amounts in both 2024 and 2025 consist of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. | <sup>(1)</sup> Amounts in both 2024 and 2025 consist of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. | <sup>(1)</sup> Amounts in both 2024 and 2025 consist of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. | <sup>(1)</sup> Amounts in both 2024 and 2025 consist of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. | <sup>(1)</sup> Amounts in both 2024 and 2025 consist of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. | <sup>(1)</sup> Amounts in both 2024 and 2025 consist of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. | <sup>(1)</sup> Amounts in both 2024 and 2025 consist of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. | <sup>(1)</sup> Amounts in both 2024 and 2025 consist of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. | <sup>(1)</sup> Amounts in both 2024 and 2025 consist of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. | <sup>(1)</sup> Amounts in both 2024 and 2025 consist of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. | <sup>(1)</sup> Amounts in both 2024 and 2025 consist of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. | <sup>(1)</sup> Amounts in both 2024 and 2025 consist of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. | <sup>(1)</sup> Amounts in both 2024 and 2025 consist of a revenue-related recovery associated with the proceeds from a 2018 foreign exchange benchmark litigation resolution, which is reflected in foreign exchange trading services revenue. |
| <sup>(2)</sup> Amount related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in front office software and data revenue and $18 million is reflected in information systems and communications expenses. | <sup>(2)</sup> Amount related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in front office software and data revenue and $18 million is reflected in information systems and communications expenses. | <sup>(2)</sup> Amount related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in front office software and data revenue and $18 million is reflected in information systems and communications expenses. | <sup>(2)</sup> Amount related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in front office software and data revenue and $18 million is reflected in information systems and communications expenses. | <sup>(2)</sup> Amount related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in front office software and data revenue and $18 million is reflected in information systems and communications expenses. | <sup>(2)</sup> Amount related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in front office software and data revenue and $18 million is reflected in information systems and communications expenses. | <sup>(2)</sup> Amount related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in front office software and data revenue and $18 million is reflected in information systems and communications expenses. | <sup>(2)</sup> Amount related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in front office software and data revenue and $18 million is reflected in information systems and communications expenses. | <sup>(2)</sup> Amount related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in front office software and data revenue and $18 million is reflected in information systems and communications expenses. | <sup>(2)</sup> Amount related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in front office software and data revenue and $18 million is reflected in information systems and communications expenses. | <sup>(2)</sup> Amount related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in front office software and data revenue and $18 million is reflected in information systems and communications expenses. | <sup>(2)</sup> Amount related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in front office software and data revenue and $18 million is reflected in information systems and communications expenses. | <sup>(2)</sup> Amount related to a client rescoping which decreased income before income taxes by $42 million, of which $24 million is reflected in front office software and data revenue and $18 million is reflected in information systems and communications expenses. |
| <sup>(3)</sup> Amount consists of a $66 million gain on sale of equity investment, which is reflected in other fee revenue. | <sup>(3)</sup> Amount consists of a $66 million gain on sale of equity investment, which is reflected in other fee revenue. | <sup>(3)</sup> Amount consists of a $66 million gain on sale of equity investment, which is reflected in other fee revenue. | <sup>(3)</sup> Amount consists of a $66 million gain on sale of equity investment, which is reflected in other fee revenue. | <sup>(3)</sup> Amount consists of a $66 million gain on sale of equity investment, which is reflected in other fee revenue. | <sup>(3)</sup> Amount consists of a $66 million gain on sale of equity investment, which is reflected in other fee revenue. | <sup>(3)</sup> Amount consists of a $66 million gain on sale of equity investment, which is reflected in other fee revenue. | <sup>(3)</sup> Amount consists of a $66 million gain on sale of equity investment, which is reflected in other fee revenue. | <sup>(3)</sup> Amount consists of a $66 million gain on sale of equity investment, which is reflected in other fee revenue. | <sup>(3)</sup> Amount consists of a $66 million gain on sale of equity investment, which is reflected in other fee revenue. | <sup>(3)</sup> Amount consists of a $66 million gain on sale of equity investment, which is reflected in other fee revenue. | <sup>(3)</sup> Amount consists of a $66 million gain on sale of equity investment, which is reflected in other fee revenue. | <sup>(3)</sup> Amount consists of a $66 million gain on sale of equity investment, which is reflected in other fee revenue. |
| <sup>(4)</sup> Amount consists of a $81 million loss on the sale of investment securities, which is related to the repositioning of the investment portfolio reflected in other income.  | <sup>(4)</sup> Amount consists of a $81 million loss on the sale of investment securities, which is related to the repositioning of the investment portfolio reflected in other income.  | <sup>(4)</sup> Amount consists of a $81 million loss on the sale of investment securities, which is related to the repositioning of the investment portfolio reflected in other income.  | <sup>(4)</sup> Amount consists of a $81 million loss on the sale of investment securities, which is related to the repositioning of the investment portfolio reflected in other income.  | <sup>(4)</sup> Amount consists of a $81 million loss on the sale of investment securities, which is related to the repositioning of the investment portfolio reflected in other income.  | <sup>(4)</sup> Amount consists of a $81 million loss on the sale of investment securities, which is related to the repositioning of the investment portfolio reflected in other income.  | <sup>(4)</sup> Amount consists of a $81 million loss on the sale of investment securities, which is related to the repositioning of the investment portfolio reflected in other income.  | <sup>(4)</sup> Amount consists of a $81 million loss on the sale of investment securities, which is related to the repositioning of the investment portfolio reflected in other income.  | <sup>(4)</sup> Amount consists of a $81 million loss on the sale of investment securities, which is related to the repositioning of the investment portfolio reflected in other income.  | <sup>(4)</sup> Amount consists of a $81 million loss on the sale of investment securities, which is related to the repositioning of the investment portfolio reflected in other income.  | <sup>(4)</sup> Amount consists of a $81 million loss on the sale of investment securities, which is related to the repositioning of the investment portfolio reflected in other income.  | <sup>(4)</sup> Amount consists of a $81 million loss on the sale of investment securities, which is related to the repositioning of the investment portfolio reflected in other income.  | <sup>(4)</sup> Amount consists of a $81 million loss on the sale of investment securities, which is related to the repositioning of the investment portfolio reflected in other income.  |
| <sup>(5)</sup> Deferred compensation expense acceleration of $79 million in 2024 related to prior period incentive compensation awards to align State Street's deferred pay mix with peers. | <sup>(5)</sup> Deferred compensation expense acceleration of $79 million in 2024 related to prior period incentive compensation awards to align State Street's deferred pay mix with peers. | <sup>(5)</sup> Deferred compensation expense acceleration of $79 million in 2024 related to prior period incentive compensation awards to align State Street's deferred pay mix with peers. | <sup>(5)</sup> Deferred compensation expense acceleration of $79 million in 2024 related to prior period incentive compensation awards to align State Street's deferred pay mix with peers. | <sup>(5)</sup> Deferred compensation expense acceleration of $79 million in 2024 related to prior period incentive compensation awards to align State Street's deferred pay mix with peers. | <sup>(5)</sup> Deferred compensation expense acceleration of $79 million in 2024 related to prior period incentive compensation awards to align State Street's deferred pay mix with peers. | <sup>(5)</sup> Deferred compensation expense acceleration of $79 million in 2024 related to prior period incentive compensation awards to align State Street's deferred pay mix with peers. | <sup>(5)</sup> Deferred compensation expense acceleration of $79 million in 2024 related to prior period incentive compensation awards to align State Street's deferred pay mix with peers. | <sup>(5)</sup> Deferred compensation expense acceleration of $79 million in 2024 related to prior period incentive compensation awards to align State Street's deferred pay mix with peers. | <sup>(5)</sup> Deferred compensation expense acceleration of $79 million in 2024 related to prior period incentive compensation awards to align State Street's deferred pay mix with peers. | <sup>(5)</sup> Deferred compensation expense acceleration of $79 million in 2024 related to prior period incentive compensation awards to align State Street's deferred pay mix with peers. | <sup>(5)</sup> Deferred compensation expense acceleration of $79 million in 2024 related to prior period incentive compensation awards to align State Street's deferred pay mix with peers. | <sup>(5)</sup> Deferred compensation expense acceleration of $79 million in 2024 related to prior period incentive compensation awards to align State Street's deferred pay mix with peers. |
| <sup>(6)</sup> Amount in 2025 includes $100 million of compensation and benefits expenses related to workforce rationalization consistent with the strategic focus on operating model transformation to drive further operating efficiency and productivity gains over time and the amount in 2024 includes a $15 million release related to compensation and employee benefits, partially offset by $13 million related to occupancy costs associated with real estate footprint. | <sup>(6)</sup> Amount in 2025 includes $100 million of compensation and benefits expenses related to workforce rationalization consistent with the strategic focus on operating model transformation to drive further operating efficiency and productivity gains over time and the amount in 2024 includes a $15 million release related to compensation and employee benefits, partially offset by $13 million related to occupancy costs associated with real estate footprint. | <sup>(6)</sup> Amount in 2025 includes $100 million of compensation and benefits expenses related to workforce rationalization consistent with the strategic focus on operating model transformation to drive further operating efficiency and productivity gains over time and the amount in 2024 includes a $15 million release related to compensation and employee benefits, partially offset by $13 million related to occupancy costs associated with real estate footprint. | <sup>(6)</sup> Amount in 2025 includes $100 million of compensation and benefits expenses related to workforce rationalization consistent with the strategic focus on operating model transformation to drive further operating efficiency and productivity gains over time and the amount in 2024 includes a $15 million release related to compensation and employee benefits, partially offset by $13 million related to occupancy costs associated with real estate footprint. | <sup>(6)</sup> Amount in 2025 includes $100 million of compensation and benefits expenses related to workforce rationalization consistent with the strategic focus on operating model transformation to drive further operating efficiency and productivity gains over time and the amount in 2024 includes a $15 million release related to compensation and employee benefits, partially offset by $13 million related to occupancy costs associated with real estate footprint. | <sup>(6)</sup> Amount in 2025 includes $100 million of compensation and benefits expenses related to workforce rationalization consistent with the strategic focus on operating model transformation to drive further operating efficiency and productivity gains over time and the amount in 2024 includes a $15 million release related to compensation and employee benefits, partially offset by $13 million related to occupancy costs associated with real estate footprint. | <sup>(6)</sup> Amount in 2025 includes $100 million of compensation and benefits expenses related to workforce rationalization consistent with the strategic focus on operating model transformation to drive further operating efficiency and productivity gains over time and the amount in 2024 includes a $15 million release related to compensation and employee benefits, partially offset by $13 million related to occupancy costs associated with real estate footprint. | <sup>(6)</sup> Amount in 2025 includes $100 million of compensation and benefits expenses related to workforce rationalization consistent with the strategic focus on operating model transformation to drive further operating efficiency and productivity gains over time and the amount in 2024 includes a $15 million release related to compensation and employee benefits, partially offset by $13 million related to occupancy costs associated with real estate footprint. | <sup>(6)</sup> Amount in 2025 includes $100 million of compensation and benefits expenses related to workforce rationalization consistent with the strategic focus on operating model transformation to drive further operating efficiency and productivity gains over time and the amount in 2024 includes a $15 million release related to compensation and employee benefits, partially offset by $13 million related to occupancy costs associated with real estate footprint. | <sup>(6)</sup> Amount in 2025 includes $100 million of compensation and benefits expenses related to workforce rationalization consistent with the strategic focus on operating model transformation to drive further operating efficiency and productivity gains over time and the amount in 2024 includes a $15 million release related to compensation and employee benefits, partially offset by $13 million related to occupancy costs associated with real estate footprint. | <sup>(6)</sup> Amount in 2025 includes $100 million of compensation and benefits expenses related to workforce rationalization consistent with the strategic focus on operating model transformation to drive further operating efficiency and productivity gains over time and the amount in 2024 includes a $15 million release related to compensation and employee benefits, partially offset by $13 million related to occupancy costs associated with real estate footprint. | <sup>(6)</sup> Amount in 2025 includes $100 million of compensation and benefits expenses related to workforce rationalization consistent with the strategic focus on operating model transformation to drive further operating efficiency and productivity gains over time and the amount in 2024 includes a $15 million release related to compensation and employee benefits, partially offset by $13 million related to occupancy costs associated with real estate footprint. | <sup>(6)</sup> Amount in 2025 includes $100 million of compensation and benefits expenses related to workforce rationalization consistent with the strategic focus on operating model transformation to drive further operating efficiency and productivity gains over time and the amount in 2024 includes a $15 million release related to compensation and employee benefits, partially offset by $13 million related to occupancy costs associated with real estate footprint. |
| <sup>(7)</sup> Amounts related to the FDIC special assessment and subsequent true-up reflected in other expenses. | <sup>(7)</sup> Amounts related to the FDIC special assessment and subsequent true-up reflected in other expenses. | <sup>(7)</sup> Amounts related to the FDIC special assessment and subsequent true-up reflected in other expenses. | <sup>(7)</sup> Amounts related to the FDIC special assessment and subsequent true-up reflected in other expenses. | <sup>(7)</sup> Amounts related to the FDIC special assessment and subsequent true-up reflected in other expenses. | <sup>(7)</sup> Amounts related to the FDIC special assessment and subsequent true-up reflected in other expenses. | <sup>(7)</sup> Amounts related to the FDIC special assessment and subsequent true-up reflected in other expenses. | <sup>(7)</sup> Amounts related to the FDIC special assessment and subsequent true-up reflected in other expenses. | <sup>(7)</sup> Amounts related to the FDIC special assessment and subsequent true-up reflected in other expenses. | <sup>(7)</sup> Amounts related to the FDIC special assessment and subsequent true-up reflected in other expenses. | <sup>(7)</sup> Amounts related to the FDIC special assessment and subsequent true-up reflected in other expenses. | <sup>(7)</sup> Amounts related to the FDIC special assessment and subsequent true-up reflected in other expenses. | <sup>(7)</sup> Amounts related to the FDIC special assessment and subsequent true-up reflected in other expenses. |
| <sup>(8)</sup> Amounts include a $12 million charge in 2024 and subsequent true-up in 2025 associated with operating model changes which are reflected in other expenses. | <sup>(8)</sup> Amounts include a $12 million charge in 2024 and subsequent true-up in 2025 associated with operating model changes which are reflected in other expenses. | <sup>(8)</sup> Amounts include a $12 million charge in 2024 and subsequent true-up in 2025 associated with operating model changes which are reflected in other expenses. | <sup>(8)</sup> Amounts include a $12 million charge in 2024 and subsequent true-up in 2025 associated with operating model changes which are reflected in other expenses. | <sup>(8)</sup> Amounts include a $12 million charge in 2024 and subsequent true-up in 2025 associated with operating model changes which are reflected in other expenses. | <sup>(8)</sup> Amounts include a $12 million charge in 2024 and subsequent true-up in 2025 associated with operating model changes which are reflected in other expenses. | <sup>(8)</sup> Amounts include a $12 million charge in 2024 and subsequent true-up in 2025 associated with operating model changes which are reflected in other expenses. | <sup>(8)</sup> Amounts include a $12 million charge in 2024 and subsequent true-up in 2025 associated with operating model changes which are reflected in other expenses. | <sup>(8)</sup> Amounts include a $12 million charge in 2024 and subsequent true-up in 2025 associated with operating model changes which are reflected in other expenses. | <sup>(8)</sup> Amounts include a $12 million charge in 2024 and subsequent true-up in 2025 associated with operating model changes which are reflected in other expenses. | <sup>(8)</sup> Amounts include a $12 million charge in 2024 and subsequent true-up in 2025 associated with operating model changes which are reflected in other expenses. | <sup>(8)</sup> Amounts include a $12 million charge in 2024 and subsequent true-up in 2025 associated with operating model changes which are reflected in other expenses. | <sup>(8)</sup> Amounts include a $12 million charge in 2024 and subsequent true-up in 2025 associated with operating model changes which are reflected in other expenses. |
| <sup>(9)</sup> Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses. | <sup>(9)</sup> Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses. | <sup>(9)</sup> Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses. | <sup>(9)</sup> Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses. | <sup>(9)</sup> Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses. | <sup>(9)</sup> Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses. | <sup>(9)</sup> Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses. | <sup>(9)</sup> Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses. | <sup>(9)</sup> Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses. | <sup>(9)</sup> Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses. | <sup>(9)</sup> Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses. | <sup>(9)</sup> Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses. | <sup>(9)</sup> Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses. |
| <sup>(10)</sup> Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(10)</sup> Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(10)</sup> Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(10)</sup> Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(10)</sup> Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(10)</sup> Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(10)</sup> Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(10)</sup> Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(10)</sup> Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(10)</sup> Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(10)</sup> Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(10)</sup> Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(10)</sup> Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. |
| <sup>(11)</sup> Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses. | <sup>(11)</sup> Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses. | <sup>(11)</sup> Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses. | <sup>(11)</sup> Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses. | <sup>(11)</sup> Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses. | <sup>(11)</sup> Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses. | <sup>(11)</sup> Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses. | <sup>(11)</sup> Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses. | <sup>(11)</sup> Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses. | <sup>(11)</sup> Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses. | <sup>(11)</sup> Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses. | <sup>(11)</sup> Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses. | <sup>(11)</sup> Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses. |
| <sup>(12)</sup> Calculated as the period-over-period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(12)</sup> Calculated as the period-over-period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(12)</sup> Calculated as the period-over-period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(12)</sup> Calculated as the period-over-period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(12)</sup> Calculated as the period-over-period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(12)</sup> Calculated as the period-over-period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(12)</sup> Calculated as the period-over-period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(12)</sup> Calculated as the period-over-period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(12)</sup> Calculated as the period-over-period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(12)</sup> Calculated as the period-over-period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(12)</sup> Calculated as the period-over-period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(12)</sup> Calculated as the period-over-period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. | <sup>(12)</sup> Calculated as the period-over-period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. |
| <sup>(13)</sup> GAAP- basis pre-tax margin for the first quarter of 2025 of 25.0% included seasonal expenses of $155 million as shown on page 17. Excluding seasonable expenses, pre-tax margin for the first quarter of 2025 was 29.8%. | <sup>(13)</sup> GAAP- basis pre-tax margin for the first quarter of 2025 of 25.0% included seasonal expenses of $155 million as shown on page 17. Excluding seasonable expenses, pre-tax margin for the first quarter of 2025 was 29.8%. | <sup>(13)</sup> GAAP- basis pre-tax margin for the first quarter of 2025 of 25.0% included seasonal expenses of $155 million as shown on page 17. Excluding seasonable expenses, pre-tax margin for the first quarter of 2025 was 29.8%. | <sup>(13)</sup> GAAP- basis pre-tax margin for the first quarter of 2025 of 25.0% included seasonal expenses of $155 million as shown on page 17. Excluding seasonable expenses, pre-tax margin for the first quarter of 2025 was 29.8%. | <sup>(13)</sup> GAAP- basis pre-tax margin for the first quarter of 2025 of 25.0% included seasonal expenses of $155 million as shown on page 17. Excluding seasonable expenses, pre-tax margin for the first quarter of 2025 was 29.8%. | <sup>(13)</sup> GAAP- basis pre-tax margin for the first quarter of 2025 of 25.0% included seasonal expenses of $155 million as shown on page 17. Excluding seasonable expenses, pre-tax margin for the first quarter of 2025 was 29.8%. | <sup>(13)</sup> GAAP- basis pre-tax margin for the first quarter of 2025 of 25.0% included seasonal expenses of $155 million as shown on page 17. Excluding seasonable expenses, pre-tax margin for the first quarter of 2025 was 29.8%. | <sup>(13)</sup> GAAP- basis pre-tax margin for the first quarter of 2025 of 25.0% included seasonal expenses of $155 million as shown on page 17. Excluding seasonable expenses, pre-tax margin for the first quarter of 2025 was 29.8%. | <sup>(13)</sup> GAAP- basis pre-tax margin for the first quarter of 2025 of 25.0% included seasonal expenses of $155 million as shown on page 17. Excluding seasonable expenses, pre-tax margin for the first quarter of 2025 was 29.8%. | <sup>(13)</sup> GAAP- basis pre-tax margin for the first quarter of 2025 of 25.0% included seasonal expenses of $155 million as shown on page 17. Excluding seasonable expenses, pre-tax margin for the first quarter of 2025 was 29.8%. | <sup>(13)</sup> GAAP- basis pre-tax margin for the first quarter of 2025 of 25.0% included seasonal expenses of $155 million as shown on page 17. Excluding seasonable expenses, pre-tax margin for the first quarter of 2025 was 29.8%. | <sup>(13)</sup> GAAP- basis pre-tax margin for the first quarter of 2025 of 25.0% included seasonal expenses of $155 million as shown on page 17. Excluding seasonable expenses, pre-tax margin for the first quarter of 2025 was 29.8%. | <sup>(13)</sup> GAAP- basis pre-tax margin for the first quarter of 2025 of 25.0% included seasonal expenses of $155 million as shown on page 17. Excluding seasonable expenses, pre-tax margin for the first quarter of 2025 was 29.8%. |

---

20&nbsp;&nbsp;&nbsp;&nbsp;

------

 **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **RECONCILIATION OF PRE-TAX MARGIN EXCLUDING NOTABLE ITEMS** | **RECONCILIATION OF PRE-TAX MARGIN EXCLUDING NOTABLE ITEMS** | **RECONCILIATION OF PRE-TAX MARGIN EXCLUDING NOTABLE ITEMS** | **RECONCILIATION OF PRE-TAX MARGIN EXCLUDING NOTABLE ITEMS** | **RECONCILIATION OF PRE-TAX MARGIN EXCLUDING NOTABLE ITEMS** |
| (Dollars in millions) | 2021 | 2022 | 2023 | 2024 |
| **Total revenue:** |  |  |  |  |
| Total revenue, GAAP-basis | $12027 | $12148 | $11945 | $13000 |
| Less: Fees revenue |  | (23) |  | (15) |
| Less: Total other income | (111) |  |  | (66) |
| Add: (Gains) losses related to investment securities, net |  |  | 294 | 81 |
| Total revenue, excluding notable items | 11916 | 12125 | 12239 | 13000 |
| Provision for credit losses | (33) | 20 | 46 | 75 |
| **Total expenses:** |  |  |  |  |
| Total expenses, GAAP-basis | 8889 | 8801 | 9583 | 9530 |
| Less: Notable expense items: |  |  |  |  |
| Acquisition and restructuring costs | (65) | (65) | 15 |  |
| Deferred compensation expense acceleration | (147) |  |  | (79) |
| Legal and other | (18) |  |  |  |
| Repositioning (charges) / release | 3 | (70) | (203) | 2 |
| FDIC special assessment |  |  | (387) | (99) |
| Other notable items |  |  | (45) | (12) |
| Total expenses, excluding notable items | 8662 | 8666 | 8963 | 9342 |
| Income before income tax expense, excluding notable items | $3287 | $3439 | $3230 | $3583 |
| Income before income tax expense, GAAP-basis | $3171 | $3327 | $2316 | $3395 |
| Pre-tax margin, excluding notable items | 27.6% | 28.4% | 26.4% | 27.6% |
| Pre-tax margin, GAAP-basis | 26.4 | 27.4 | 19.4 | 26.1 |

---

21&nbsp;&nbsp;&nbsp;&nbsp;

------

 **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** | **STATE STREET CORPORATION** |
| **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** | **EARNINGS RELEASE ADDENDUM** |
| **RECONCILIATIONS OF CONSTANT CURRENCY FX IMPACTS** | **RECONCILIATIONS OF CONSTANT CURRENCY FX IMPACTS** | **RECONCILIATIONS OF CONSTANT CURRENCY FX IMPACTS** | **RECONCILIATIONS OF CONSTANT CURRENCY FX IMPACTS** | **RECONCILIATIONS OF CONSTANT CURRENCY FX IMPACTS** | **RECONCILIATIONS OF CONSTANT CURRENCY FX IMPACTS** | **RECONCILIATIONS OF CONSTANT CURRENCY FX IMPACTS** | **RECONCILIATIONS OF CONSTANT CURRENCY FX IMPACTS** | **RECONCILIATIONS OF CONSTANT CURRENCY FX IMPACTS** | **RECONCILIATIONS OF CONSTANT CURRENCY FX IMPACTS** |
| **GAAP-Basis QTD Comparison** | Reported | Reported | Reported | Currency Translation Impact | Currency Translation Impact | Excluding Currency Impact | Excluding Currency Impact | % Change Constant Currency | % Change Constant Currency |
| (Dollars in millions) | 3Q24 | 2Q25 | **3Q25** | 3Q25 vs. 3Q24 | 3Q25 vs. 2Q25 | 3Q25 vs. 3Q24 | 3Q25 vs. 2Q25 | 3Q25 vs. 3Q24 | 3Q25 vs. 2Q25 |
| GAAP-Basis Results: |  |  |  |  |  |  |  |  |  |
| Fee revenue: |  |  |  |  |  |  |  |  |  |
| Servicing fees | $1266 | $1304 | $**1357** | $15 | 8 | $1342 | $1349 | 6.0% | 3.5% |
| Management fees | 527 | 562 | **612** | 2 | 1 | 610 | 611 | 15.7 | 8.7 |
| Foreign exchange trading services | 374 | 431 | **416** |  |  | 416 | 416 | 11.2 | (3.5) |
| Securities finance | 116 | 126 | **138** |  |  | 138 | 138 | 19.0 | 9.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Front office software and data | 146 | 169 | **167** | 1 |  | 166 | 167 | 13.7 | (1.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lending related and other fees | 62 | 61 | **60** |  |  | 60 | 60 | (3.2) | (1.6) |
| Software and processing fees | 208 | 230 | **227** | 1 |  | 226 | 227 | 8.7 | (1.3) |
| Other fee revenue | 125 | 66 | **79** |  |  | 79 | 79 | (36.8) | 19.7 |
| Total fee revenue | 2616 | 2719 | **2829** | 18 | 9 | 2811 | 2820 | 7.5 | 3.7 |
| Net interest income | 723 | 729 | **715** | 12 | 6 | 703 | 709 | (2.8) | (2.7) |
| Total other income | (80) |  | **1** |  |  | 1 | 1 | nm | nm |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue | $3259 | $3448 | $**3545** | $30 | 15 | $3515 | $3530 | 7.9 | 2.4 |
| Expenses: |  |  |  |  |  |  |  |  |  |
| Compensation and employee benefits | $1134 | $1280 | $**1162** | $12 | 7 | $1150 | $1155 | 1.4 | (9.8) |
| Information systems and communications | 463 | 523 | **517** | 2 | 1 | 515 | 516 | 11.2 | (1.3) |
| Transaction processing services | 255 | 260 | **276** | 3 | 1 | 273 | 275 | 7.1 | 5.8 |
| Occupancy | 105 | 105 | **106** | 1 |  | 105 | 106 |  | 1.0 |
| Amortization of other intangible assets | 56 | 56 | **56** | 1 | 1 | 55 | 55 | (1.8) | (1.8) |
| Other | 295 | 305 | **317** | 2 | 1 | 315 | 316 | 6.8 | 3.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total expenses | $2308 | $2529 | $**2434** | $21 | 11 | $2413 | $2423 | 4.5 | (4.2) |
| Total expenses, excluding notable items - Non-GAAP | $2308 | $2412 | $**2434** | $21 | 11 | $2413 | $2423 | 4.5 | 0.5 |
| Total non-compensation expenses, excluding notable items - Non-GAAP<sup>(1)</sup> | 1174 | 1232 | **1272** | 9 | 4 | 1263 | 1268 | 7.6 | 2.9 |
| **GAAP-Basis YTD Comparison** | Reported | Reported | Currency Translation Impact | Excluding Currency Impact | % Change Constant Currency |  |  |  |  |
| (Dollars in millions) | 2024 | **2025** | YTD2025 vs. YTD2024 | **2025** | YTD2025 vs. YTD2024 |  |  |  |  |
| GAAP-Basis Results: |  |  |  |  |  |  |  |  |  |
| Fee revenue: |  |  |  |  |  |  |  |  |  |
| Servicing fees | $3733 | $**3936** | $20 | $3916 | 4.9% |  |  |  |  |
| Management fees | 1548 | **1736** | 2 | 1734 | 12.0 |  |  |  |  |
| Foreign exchange trading services | 1041 | **1209** |  | 1209 | 16.1 |  |  |  |  |
| Securities finance | 320 | **378** |  | 378 | 18.1 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Front office software and data | 442 | **494** | 1 | 493 | 11.5 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lending related and other fees | 187 | **188** | 1 | 187 |  |  |  |  |  |
| Software and processing fees | 629 | **682** | 2 | 680 | 8.1 |  |  |  |  |
| Other fee revenue | 223 | **177** |  | 177 | (20.6) |  |  |  |  |
| Total fee revenue | 7494 | **8118** | 24 | 8094 | 8.0 |  |  |  |  |
| Net interest income | 2174 | **2158** | 13 | 2145 | (1.3) |  |  |  |  |
| Total other income | (80) | **1** |  | 1 | nm |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total revenue | $9588 | $**10277** | $37 | $10240 | 6.8 |  |  |  |  |
| Expenses: |  |  |  |  |  |  |  |  |  |
| Compensation and employee benefits | $3485 | $**3704** | $15 | $3689 | 5.9 |  |  |  |  |
| Information systems and communications | 1349 | **1537** | 2 | 1535 | 13.8 |  |  |  |  |
| Transaction processing services | 753 | **794** | 4 | 790 | 4.9 |  |  |  |  |
| Occupancy | 314 | **314** | 2 | 312 | (0.6) |  |  |  |  |
| Amortization of other intangible assets | 176 | **166** | 1 | 165 | (6.3) |  |  |  |  |
| Other | 1013 | **898** | 4 | 894 | (11.7) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total expenses | $7090 | $**7413** | $28 | $7385 | 4.2 |  |  |  |  |
| Total expenses, excluding notable items - Non-GAAP | $6960 | $**7296** | $28 | $7268 | 4.4 |  |  |  |  |
| Total non-compensation expenses, excluding notable items - Non-GAAP<sup>(1)</sup> | 3475 | **3692** | 13 | 3679 | 5.9 |  |  |  |  |
| <sup>(1)</sup> Total non-compensation expenses, excluding notable items is comprised of total expenses, excluding notable items - Non-GAAP, less compensation and employee benefits, excluding notable items. Compensation and benefits, excluding notable items were $1,162 million in the third quarter of 2025, $1,180 million in the second quarter of 2025 and $1,134 million in the third quarter of 2024. | <sup>(1)</sup> Total non-compensation expenses, excluding notable items is comprised of total expenses, excluding notable items - Non-GAAP, less compensation and employee benefits, excluding notable items. Compensation and benefits, excluding notable items were $1,162 million in the third quarter of 2025, $1,180 million in the second quarter of 2025 and $1,134 million in the third quarter of 2024. | <sup>(1)</sup> Total non-compensation expenses, excluding notable items is comprised of total expenses, excluding notable items - Non-GAAP, less compensation and employee benefits, excluding notable items. Compensation and benefits, excluding notable items were $1,162 million in the third quarter of 2025, $1,180 million in the second quarter of 2025 and $1,134 million in the third quarter of 2024. | <sup>(1)</sup> Total non-compensation expenses, excluding notable items is comprised of total expenses, excluding notable items - Non-GAAP, less compensation and employee benefits, excluding notable items. Compensation and benefits, excluding notable items were $1,162 million in the third quarter of 2025, $1,180 million in the second quarter of 2025 and $1,134 million in the third quarter of 2024. | <sup>(1)</sup> Total non-compensation expenses, excluding notable items is comprised of total expenses, excluding notable items - Non-GAAP, less compensation and employee benefits, excluding notable items. Compensation and benefits, excluding notable items were $1,162 million in the third quarter of 2025, $1,180 million in the second quarter of 2025 and $1,134 million in the third quarter of 2024. | <sup>(1)</sup> Total non-compensation expenses, excluding notable items is comprised of total expenses, excluding notable items - Non-GAAP, less compensation and employee benefits, excluding notable items. Compensation and benefits, excluding notable items were $1,162 million in the third quarter of 2025, $1,180 million in the second quarter of 2025 and $1,134 million in the third quarter of 2024. | <sup>(1)</sup> Total non-compensation expenses, excluding notable items is comprised of total expenses, excluding notable items - Non-GAAP, less compensation and employee benefits, excluding notable items. Compensation and benefits, excluding notable items were $1,162 million in the third quarter of 2025, $1,180 million in the second quarter of 2025 and $1,134 million in the third quarter of 2024. | <sup>(1)</sup> Total non-compensation expenses, excluding notable items is comprised of total expenses, excluding notable items - Non-GAAP, less compensation and employee benefits, excluding notable items. Compensation and benefits, excluding notable items were $1,162 million in the third quarter of 2025, $1,180 million in the second quarter of 2025 and $1,134 million in the third quarter of 2024. | <sup>(1)</sup> Total non-compensation expenses, excluding notable items is comprised of total expenses, excluding notable items - Non-GAAP, less compensation and employee benefits, excluding notable items. Compensation and benefits, excluding notable items were $1,162 million in the third quarter of 2025, $1,180 million in the second quarter of 2025 and $1,134 million in the third quarter of 2024. | <sup>(1)</sup> Total non-compensation expenses, excluding notable items is comprised of total expenses, excluding notable items - Non-GAAP, less compensation and employee benefits, excluding notable items. Compensation and benefits, excluding notable items were $1,162 million in the third quarter of 2025, $1,180 million in the second quarter of 2025 and $1,134 million in the third quarter of 2024. |
| <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful | <sup>nm</sup> Denotes not meaningful |

---

22&nbsp;&nbsp;&nbsp;&nbsp;

## Exhibit 99.3

![](stt3q25earningspresentat001.jpg)

1 NYSE: STT October 17, 2025 Exhibit 99.3

------

![](stt3q25earningspresentat002.jpg)

2 A Ex-notables and some other metrics (e.g., ROTCE) are non-GAAP presentations; refer to the Appendix for a reconciliation, and further explanations, of non-GAAP measures. See page 3 for a summary of our 3Q25 financial results, and the Addendum to these materials for a summary of our 3Q25 and 2025 YTD financial results, presented on a GAAP-basis. B Represents average interest-earning assets. Refer to the Appendix included with this presentation for endnotes 1 to 25. All comparisons are to corresponding prior year period unless otherwise noted. See note A below for a description of ex-notables presentation. • Record AUM of $5.4T at quarter-end with total net inflows of $26B1 • Continued ETF market share gains in U.S. Low Cost ETF suite1 • Expanded capabilities with 39 new products launched in 3Q25, 96 YTD Investment Management $637M Total capital return Capital return6 79% Payout ratio Capital ratios7 5.6% Tier 1 leverage 11.3% CET1 $295B Interest-earning assetsB 0.96% Net interest margin5 Balance sheet Investment Services • Record AUC/A of $51.7T at quarter-end; AUC/A wins of $361B1 • New servicing fee revenue wins of $47M2 • 1 new State Street Alpha® mandate win1 • Strategic partnership with Apex Fintech Solutions to address growing global opportunity in Wealth Services3 State Street Markets • Strong trading volumes & lending balances supporting IS and IM clients • Winner of 8 categories in the Euromoney 2025 FX Awards4 Investment Servicing3Q25 2025 YTD Total revenue $3.5B ▲9% $10.3B ▲7% Fee revenue $2.8B ▲12% $8.1B ▲10% Total expenses $2.4B ▲5% $7.3B ▲5% Operating leverage Fee operating leverage 332bps 614bps 258bps 496bps Pre-tax margin 31.1% 28.7% ROTCE 20.9% 19.0% EPS $2.78 ▲23% $7.34 ▲21% Ex-notablesA

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![](stt3q25earningspresentat003.jpg)

3 • Total revenue of $3.5B, up 9% – Fee revenue of $2.8B, up 8%; up 12% ex-notables reflecting broad-based strength across the franchise – NII of $715M, down (1)% primarily driven by lower average short-end rates and deposit mix shift, partially offset by securities portfolio repricing and continued loan growth • Total expenses of $2.4B, up 5% mainly due to increases in investments to improve technology and business capabilities, revenue-related costs, and the impact of currency translation • Pre-tax margin of 31.1% and ROTCE of 20.9%A All comparisons are to corresponding prior year period unless otherwise noted. See note A below for a description of ex-notables presentation. Financial results Performance highlights A Ex-notables and some other metrics (e.g., ROTCE) are non-GAAP presentations; refer to the Appendix for a reconciliation, and further explanations, of non-GAAP measures. B Other fee revenue primarily consists of income from certain tax-advantaged investments, equity investments, and market-related adjustments. Other fee revenue decreased $(46)M YoY primarily due to the absence of a notable item related to a gain on sale of an equity investment in the prior year period. Other fee revenue increased $13M QoQ, primarily due to FX-related adjustments and fair value adjustments on equity investments. (GAAP; $M, except EPS data, or where otherwise noted) 3Q24 2Q25 3Q25 2Q25 3Q24 Revenue: Servicing fees $1,266 $1,304 $1,357 4% 7% Management fees 527 562 612 9 16 Foreign exchange trading services 374 431 416 (3) 11 Securities finance 116 126 138 10 19 Software and processing fees 208 230 227 (1) 9 Other fee revenueB 125 66 79 20 (37) Total fee revenue 2,616 2,719 2,829 4 8 Net interest income 723 729 715 (2) (1) Other income (80) - 1 nm nm Total revenue $3,259 $3,448 $3,545 3% 9% Provision for credit losses 26 30 9 (70)% (65)% Total expenses $2,308 $2,529 $2,434 (4)% 5% Net income before income taxes $925 $889 $1,102 24% 19% Net income $730 $693 $861 24% 18% Diluted earnings per share $2.26 $2.17 $2.78 28% 23% Return on average common equity 12.0% 10.8% 13.4% 2.6%pts 1.4%pts Return on average tangible common equityA 19.3% 16.7% 20.9% 4.2%pts 1.6%pts Pre-tax margin 28.4% 25.8% 31.1% 5.3%pts 2.7%pts Tax rate 21.1% 22.0% 21.9% (0.1)%pts 0.8%pts Ex-notable items, non-GAAP A: Total fee revenue $2,535 $2,740 $2,829 3% 12% Total revenue $3,259 $3,469 $3,545 2% 9% Total expenses $2,308 $2,412 $2,434 1% 5% Diluted earnings per share $2.26 $2.53 $2.78 10% 23% Return on average common equity 12.0% 12.5% 13.4% 0.9%pts 1.4%pts Return on average tangible common equity 19.3% 19.4% 20.9% 1.5%pts 1.6%pts Pre-tax margin 28.4% 29.6% 31.1% 1.5%pts 2.7%pts Quarters %∆

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4Refer to the Appendix included with this presentation for endnotes 1 to 25. 3Q24 4Q24 1Q25 2Q25 3Q25 $1,266 $1,283 $1,275 $1,304 $1,357 +7% +4% 3Q24 4Q24 1Q25 2Q25 3Q25 AUC/A 1 AUC/A ($T) $46.8 $46.6 $46.7 $49.0 $51.7 AUC/A wins ($B) 466 1,098 182 1,093 361 AUC/A to be installed ($B) 2,354 2,988 3,056 3,975 3,634 Servicing fees ($M) 2 Servicing fee rev. wins $84 $154 $55 $145 $47 Servicing fee rev. to be installed 288 346 356 444 401 Servicing fees of $1,357M up 7% YoY and up 4% QoQ • Up 7% YoY primarily driven by higher average market levels, net new business, and the impact of currency translation • Up 4% QoQ mainly due to higher average market levels, client activity/adjustments, and the impact of currency translation • Record AUC/A of $51.7T at quarter-end • New 3Q25 servicing fee revenue wins of $47M, primarily driven by back office, including a strong contribution from private markets2 – Trailing 12-month servicing fee revenue wins of $401M • $361B in new servicing AUC/A wins in 3Q25, with the majority from Asset Owners and Asset Managers1 • 1 new Alpha mandate win in 3Q25; 1 Alpha mandate go-live in 3Q25 • 1st third-party custodian leveraging blockchain technology to connect to a Distributed Ledger to provide custody services for digitally native fixed income instruments Performance indicators Business momentum 3Q25 performanceServicing fees ($M)

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5 Management fees of $612M up 16% YoY and 9% QoQ • Up 16% YoY driven by higher average market levels and net inflows • Up 9% QoQ driven by higher average market levels, net inflows, and day count, partially offset by lower performance fees • Investment Management 3Q25 pre-tax margin of 36%, up 6%pts YoY and 2%pts QoQ 3Q24 4Q24 1Q25 2Q25 3Q25 $527 $576 $562 $562 $612 Refer to the Appendix included with this presentation for endnotes 1 to 25. +9% +16% 3Q24 4Q24 1Q25 2Q25 3Q25 AUM $4,732 $4,715 $4,665 $5,117 $5,446 Net flows (QoQ) 100 64 (13) 82 26 • Product innovation: 39 products launched in 3Q25, including 23 ETFs – Expanded sub-advisory model to Europe and launched AAA CLO ETF – In the U.S., launched a short duration private credit ETF; reinforced sector leadership with 11 sector premium income funds • ETF: Continued momentum and market share gains in U.S. Low Cost ETF suite; strong inflows across EMEA and U.S. Sectors, as well as Gold, supported by expanded global distribution • Institutional: Strong inflows across Index Fixed Income and Multi-Asset Solutions • Cash: Net inflows of $17B into Money Market funds, which drove increased Institutional Money Market Funds market share8 Management fees ($M) 3Q25 performance Performance indicators ($B) 1 Business momentum1

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6 3Q24 4Q24 1Q25 2Q25 3Q25 $359 $360 $362 $428 $416 FX trading services of $416M up 16% YoY and down (3)% QoQ9 • Up 16% YoY supported by higher volumes with Investment Services clients • Down (3)% QoQ driven by lower client volumes and decreased volatility from elevated 2Q levels A Ex-notables and some other metrics (e.g., ROTCE) are non-GAAP presentations; refer to the Appendix for a reconciliation, and further explanations, of non-GAAP measures. Refer to the Appendix included with this presentation for endnotes 1 to 25. +16% -3% 3Q24 4Q24 1Q25 2Q25 3Q25 $116 $118 $114 $126 $138 Securities finance of $138M up 19% YoY and 10% QoQ • Up 19% YoY and 10% QoQ largely driven by higher client lending balances and Agency spreads, partially offset by lower Prime Services spreads FX trading services9 (Ex-notable items, non-GAAP, $M)A Securities finance ($M) 3Q25 performance (Ex-notable items, non-GAAP)A +19% +10% 3Q25 performance

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7 3Q24 4Q24 1Q25 2Q25 3Q25 Front office software and data revenue12,13 $146 $197 $158 $193 $167 New bookings14 10 48 9 6 9 ARR15 356 375 373 379 402 Uninstalled revenue backlog16 100 134 137 143 145 • 3Q25 ARR increased ~13% YoY driven by continued SaaS client conversions and implementations15 • Strong uninstalled revenue backlog, up 45% YoY16 Professional services Software- enabled (incl. SaaS)11 On-premises11 -11% +9% Lending related and other fees 62 62 67 61 60 106 109 110 107 110 29 44 36 37 42 48 3Q24 4Q24 24 1Q25 2Q25 3Q25 $208 $259 $225 $254 $227 nm 28% YoY % 4% (3)% Software and processing fees of $227M up 9% YoY and down (11)% QoQ10 • Front office software and data of $167M up 14% YoY and down (13)% QoQ12,13 – Software-enabled revenue of $110M increased 4% YoY primarily driven by 20+ go-lives and conversions – Professional services of $37M increased 28% YoY driven by increased demand from SaaS client implementations and conversions • Lending related and other fees of $60M, broadly stable YoY and QoQ 8 20 16 Software and processing fees10 (Ex-notable items, non-GAAP, $M)A 3Q25 performance (Ex-notable items, non-GAAP)A Performance indicators ($M) Business momentum A Ex-notables and some other metrics (e.g., ROTCE) are non-GAAP presentations; refer to the Appendix for a reconciliation, and further explanations, of non-GAAP measures. Refer to the Appendix included with this presentation for endnotes 1 to 25.

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8A Line items are rounded. Refer to the Appendix included with this presentation for endnotes 1 to 25. • Interest-earning assets increased 10% YoY, which includes an increase in other interest-earnings assets and higher loan balances – Loan growth of 17% YoY driven by strong client demand • Total deposits increased 13% YoY mainly driven by an increase in U.S. and non-U.S. interest-bearing deposit balances • Interest-earning assets decreased (3)% QoQ, which includes a decline in interest-bearing deposits with banks (net) – Loan growth of 3% QoQ driven by strong client demand • Total deposits decreased (2)% QoQ mainly due to a decrease in U.S. and non-U.S. interest-bearing deposit balances NII of $715M down (1)% YoY and (2)% QoQ • Down (1)% YoY primarily driven by lower average short-end rates and deposit mix shift, partially offset by securities portfolio repricing and continued loan growth • Down (2)% QoQ largely due to lower deposit balances and lower average short-end rates, partially offset by securities portfolio repricing and continued loan growth 3Q24 4Q24 1Q25 2Q25 3Q25 Interest-earning assets $270 $279 $290 $305 $295 Interest-bearing deposits with banks (net)17 87 90 93 98 88 Investment portfolio 107 105 110 112 112 Loans18 40 42 44 45 47 Other interest-earning assets 28 33 34 39 40 Total deposits $225 $237 $243 $261 $255 Interest-bearing deposits 201 211 218 237 231 Non-interest-bearing deposits 24 26 25 24 24 NIM5 (FTE, %) 1.07% 1.07% 1.00% 0.96% 0.96% 3Q24 4Q24 1Q25 2Q25 3Q25 $723 $749 $714 $729 $715 -2% -1% NII ($M) 5 3Q25 performance Average assets and liabilitiesAverage balance sheet highlights ($B)A

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9 Expenses of $2,434M up 5% YoY and 1% QoQ • Compensation and employee benefits of $1,162M19 – Up 2% YoY mainly due to merit increases, higher employee benefits costs, and the impact of currency translation – Down (2)% QoQ primarily driven by lower compensation, partially offset by higher employee benefits costs and the impact of currency translation • Information systems and communications of $517M19 – Up 12% YoY and 2% QoQ largely from higher technology and infrastructure investments • Transaction processing services of $276M – Up 8% YoY and 6% QoQ mainly driven by higher sub-custody and market data costs 351 362 373 255 260 276 463 505 517 1,134 1,180 1,162 105 3Q24 105 2Q25 106 3Q25 $2,308 $2,412 $2,434 Comp. & benefits19 Info. sys.19 Tran. processing Other20 Occupancy +5% +1% 2% 12% 8% YoY % 1% 6% $2,308 $2,529 $2,434 52,566 52,014 51,564 GAAP Expenses Headcount YoY +5% QoQ -4% YoY -2% QoQ -1% A Ex-notables and some other metrics (e.g., ROTCE) are non-GAAP presentations; refer to the Appendix for a reconciliation, and further explanations, of non-GAAP measures. Refer to the Appendix included with this presentation for endnotes 1 to 25. Expenses (Ex-notable items, non-GAAP, $M)A 3Q25 performance (Ex-notable items, non-GAAP)A

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10 eSLR buffer25 • Capital return of $637M to common shareholders; total payout ratio of 79%6 • 3Q25 standardized CET1 ratio at quarter-end of 11.3% increased 0.6%pts QoQ primarily due to capital generated from earnings and lower RWA, partially offset by continued capital return • 3Q25 Tier 1 leverage ratio of 5.6% increased 0.3%pts QoQ mainly driven by lower average balance sheet levels and capital generated from earnings, partially offset by continued capital return • 3Q25 SLR of 6.4% increased by 0.1%pts QoQ largely due to capital generated from earnings, partially offset by continued capital return 3Q24 2Q25 3Q25 Capital Return ($M) Declared common dividends $224 $217 $237 Common share repurchases 450 300 400 Total capital return 674 517 637 Capital ($B) CET1 capital $14.1 $14.8 $15.2 Tier 1 capital 16.9 18.4 18.7 RWA / Leverage ($B) Risk weighted assets (Standardized) $121 $138 $134 Adjusted average assets (Tier 1) 22 306 345 332 Leverage exposure (SLR) 23 265 292 291 Liquidity (%) State Street Bank and Trust LCR 24 129% 136% 142% Tier 1 leverage ratio 5.5% 5.2% 5.5% 5.3% 5.6% 3Q24 4Q24 1Q25 2Q25 3Q25 Minimum ratio4.0% STT Target Range5.25-5.75% Refer to the Appendix included with this presentation for endnotes 1 to 25. CET1 ratio (Standardized) 11.6% 10.9% 11.0% 10.7% 11.3% 4.5% 2.5% 3Q24 4Q24 1Q25 2Q25 3Q25 SCB21 Minimum ratio8 .0 % 10-11% G-SIB surcharge1.0% Supplementary leverage ratio Requirement Requirement Requirement 6.4% 6.2% 6.5% 6.3% 6.4% 3.0% 2.0% 3Q24 4Q24 1Q25 2Q25 3Q25 STT Target Range Minimum ratio 5.0% Capital (%, as of period-end) 7 Capital and liquidity metrics 3Q25 performance

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12 Notable items 13 Reconciliation of notable items 14 Reconciliation of constant currency impacts 15 Endnotes & other information 16 Forward-looking statements 18 Non-GAAP measures 19 Definitions 20

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13 A Repositioning charge of $100M related to Compensation and employee benefits primarily from workforce rationalization. B Client rescoping revenue impact: $(24)M Alpha-related client rescoping reflected in Front office software and data in Professional services. Client rescoping expense impact: $18M Alpha-related client rescoping reflected in Information systems and communications. C 2Q25 Other notable items (net) of $4M represents a revenue-related recovery of $3M associated with the proceeds from a 2018 FX benchmark litigation resolution reflected in FX trading services revenue, and a $1M release of a prior period notable item reflected in Other expenses. 3Q24 Other notable items (net) of $0 represents an $81M loss on sale related to a repositioning of the investment portfolio reflected in Other income, offset by a $66M gain on sale of equity investment reflected in Other fee revenue, and a $15M Revenue-related recovery associated with the proceeds from a 2018 FX benchmark litigation resolution reflected in FX trading services revenue. A These are non-GAAP presentations; refer to the Appendix for a reconciliation, and further explanations, of non-GAAP measures. ($M, except EPS data) 3Q24 2Q25 3Q25 Repositioning chargeA - $(100) - Client rescopingB Revenue impact - (24) - Expense impact - (18) - Other notable items (net)C - 4 - Total notable items (pre-tax) - $(138) - Income tax impact from notable items - (35) - EPS impact - $(0.36) - QuartersA

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14 Quarterly reconciliation % Change (Dollars in millions, unless noted otherwise) 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 3Q25 vs. 3Q24 3Q25 vs. 2Q25 2024 2025 YTD 2025 vs. YTD 2024 Total fee revenue, GAAP-basis 2,422$2,456$2,616$2,662$2,570$2,719$2,829$8.1% 4.0% 7,494$8,118$8.3% Less: Notable items: Foreign exchange trading services (15) (3) (15) (3) Client rescoping (revenue impact) 24 24 Other fee revenue (66) (66) Total fee revenue, excluding notable items 2,422$2,456$2,535$2,662$2,570$2,740$2,829$11.6% 3.2% 7,413$8,139$9.8% Total revenue, GAAP-basis 3,138 3,191 3,259 3,412 3,284 3,448 3,545 8.8% 2.8% 9,588$10,277$7.2% Less: Notable items: Foreign exchange trading services (15) (3) (15) (3) Client rescoping (revenue impact) 24 24 Other fee revenue (66) (66) (Gains) losses related to investment securities, net 81 81 Total revenue, excluding notable items 3,138$3,191$3,259$3,412$3,284$3,469$3,545$8.8% 2.2% 9,588$10,298$7.4% Total expenses, GAAP basis 2,513$2,269$2,308$2,440$2,450$2,529$2,434$5.5% (3.8)% 7,090$7,413$4.6% Less: Notable items: Deferred compensation expense acceleration (79) Repositioning charges 2 (100) (100) Client rescoping (expense impact) (18) (18) FDIC special assessment (130) 31 (130) Other notable items (12) 1 1 Total expenses, excluding notable items 2,383$2,269$2,308$2,382$2,450$2,412$2,434$5.5% 0.9% 6,960$7,296$4.8% Seasonal expenses (162) (155) (162) (155) Total expenses, excluding notable items and seasonal expense items 2,221$2,269$2,308$2,382$2,295$2,412$2,434$5.5% 0.9% 6,798$7,141$5.0% Fee operating leverage, GAAP-basis (bps)A 268 bps 781 bps 377 bps Fee operating leverage, excluding notable items (bps)B 614 bps 234 bps 496 bps Operating leverage, GAAP-basis (bps)C 332 bps 657 bps 263 bps Operating leverage, excluding notable items (bps)D 332 bps 128 bps 258 bps Pre-tax margin, GAAP-basis (%) 19.1% 28.6% 28.4% 28.1% 25.0% 25.8% 31.1% 2.7% pts 5.3% pts 25.4% 27.4% 2.0% pts Notable items as reconciled above (%) 4.1% 1.7% 3.8% 1.4% 1.3% Pre-tax margin, excluding notable items (%) 23.2% 28.6% 28.4% 29.8% 25.0% 29.6% 31.1% 2.7% pts 1.5% pts 26.8% 28.7% 1.9% pts Net income available to common shareholders, GAAP-basis 418$655$682$728$597$630$802$17.6% 27.3% 1,755$2,029$15.6% Notable items as reconciled above: pre-tax 130 58 138 130 138 Tax impact on notable items as reconciled above (31) (17) (35) (31) (35) Net income available to common shareholders, excluding notable items 517$655$682$769$597$733$802$17.6% 9.4% 1,854$2,132$15.0% Diluted EPS, GAAP-basis 1.37$2.15$2.26$2.46$2.04$2.17$2.78$23.0% 28.1% 5.77$6.98$21.0% Notable items as reconciled above 0.32 0.14 0.36 0.32 0.36 Diluted EPS, excluding notable items 1.69$2.15$2.26$2.60$2.04$2.53$2.78$23.0% 9.9% 6.09$7.34$20.5% % Change Year-to-Date A Calculated as the period-over-period change in total fee revenue less the period-over-period change in total expenses. B Calculated as the period-over-period change in total fee revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items. C Calculated as the period-over-period change in total revenue less the period-over-period change in total expenses. D Calculated as the period-over- period change in total revenue, excluding notable items less the period-over-period change in total expenses, excluding notable items.

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15 Reconciliation of Constant Currency FX Impacts (Dollars in millions) 3Q24 2Q25 3Q25 3Q25 vs. 3Q24 3Q25 vs. 2Q25 3Q25 vs. 3Q24 3Q25 vs. 2Q25 3Q25 vs. 3Q24 3Q25 vs. 2Q25 Non-GAAP basis Servicing fees, excluding notable items $1,266 $1,304 $1,357 $15 $8 $1,342 $1,349 6.0% 3.5% Management fees, excluding notable items 527 562 612 2 1 610 611 15.7% 8.7% Foreign exchange trading services, excluding notable items 359 428 416 - - 416 416 15.9% (2.8)% Securities finance, excluding notable items 116 126 138 - - 138 138 19.0% 9.5% Software and processing fees, excluding notable items 208 254 227 1 - 226 227 8.7% (10.6)% Other fee revenue, excluding notable items 59 66 79 - - 79 79 33.9% 19.7% Total fee revenue, excluding notable items 2,535 2,740 2,829 18 9 2,811 2,820 10.9% 2.9% Net interest income, excluding notable items 723 729 715 12 6 703 709 (2.8)% (2.7)% Total other income, excluding notable items 1 - 1 - - 1 1 - nm Total revenue, excluding notable items $3,259 $3,469 $3,545 $30 $15 $3,515 $3,530 7.9% 1.8% Compensation and employee benefits, excluding notable items $1,134 $1,180 $1,162 $12 $7 $1,150 $1,155 1.4% (2.1)% Information systems and communications, excluding notable items 463 505 517 2 1 515 516 11.2% 2.2% Transaction processing services, excluding notable items 255 260 276 3 1 273 275 7.1% 5.8% Occupancy, excluding notable items 105 105 106 1 - 105 106 - 1.0% Other expenses, excluding notable itemsA 351 362 373 3 2 370 371 5.4% 2.5% Total expenses, excluding notable items $2,308 $2,412 $2,434 $21 $11 $2,413 $2,423 4.5% 0.5% Reported Currency Translation Impact Excluding Currency Impact % Change Constant Currency A Other expenses, excluding notable items, includes Other expenses and Amortization of intangible assets.

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16 This presentation (and the conference call accompanying it) includes certain highlights of, and also material supplemental to, State Street Corporation's news release announcing its third quarter 2025 financial results. That news release contains a more detailed discussion of many of the matters described in this presentation and is accompanied by an Addendum with detailed financial tables. This presentation (and the conference call accompanying it) is designed to be reviewed together with that news release and that Addendum, which are available on State Street's website, at http://investors.statestreet.com, and are incorporated herein by reference. No other information on our website is incorporated herein by reference. 1. New asset servicing mandates, including announced Alpha front-to-back investment servicing clients, may be subject to completion of definitive agreements, consents or assignments, approval of applicable boards and shareholders, customary regulatory approvals or other conditions, the failure to complete any of which will prevent the relevant mandate from being installed and serviced. New asset servicing mandates and servicing assets/fees remaining to be installed in future periods exclude new business which has been contracted, but for which the client has not yet provided permission to publicly disclose or anonymously disclose and is not yet installed. These excluded assets, which from time to time may be significant, will be included in new asset servicing mandates and reflected in servicing assets/fees remaining to be installed in the period in which the client provides its permission. Servicing mandates, servicing assets remaining to be installed in future periods and servicing fee revenues remaining to be installed in future periods are presented on a gross basis based on factors present on or about the time we determine the business to be won by us and are not updated based on subsequent developments, including changes in assets, market valuations, scope and, potentially termination. Such assets therefore also do not include the impact of clients who have notified us during the period of their intent to terminate or reduce their relationship with State Street, which from time to time may be significant. New business in assets to be serviced is reflected in our AUC/A after we begin servicing the assets, and new business in assets to be managed is reflected in our AUM after we begin managing the assets. As such, only a portion of any new asset servicing and asset management mandates may be reflected in our AUC/A and AUM as of any particular date specified. AUC/A values for certain asset classes are based on a lag, typically one-month. Generally, our servicing fee revenues are affected by several factors, and we provide varied services from our full suite of offerings to different clients. The basis for fees will also differ across regions and clients and can reflect pricing pressures traditionally experienced in our industry. Consequently, no assumption should be drawn as to future revenue run rate from announced servicing wins or new servicing business yet to be installed, as the amount of revenue associated with AUC/A can vary materially. Management fees also are generally affected by various factors, including investment product type and strategy and relationship pricing for clients, and are more sensitive to market valuations than are servicing fees. Therefore, no assumption should be drawn from management fees associated with changes in AUM levels. Levels of AUC/A, AUC/A to be installed, Servicing fee wins to be installed and AUM are always presented as of the end of the relevant period, unless otherwise specifically noted. 2. Servicing fee revenue wins/backlog (i.e., "to be installed") represents estimates of future annual revenue associated with new servicing engagements State Street determines to be won during the current reporting period, which may include anticipated servicing-related revenues associated with acquisitions or structured transactions, based upon factors assessed at the time the engagement is determined by State Street to be won, including asset volumes, number of transactions, accounts and holdings, terms and expected strategy. These and other relevant factors influencing projected servicing fees upon asset implementation/onboarding will change from time to time prior to, upon and following asset implementation/onboarding, among other reasons, due to varying market levels and factors and client and investor activity and preferences. Servicing fee/backlog estimates are not updated to reflect those changes, regardless of the magnitude or direction of, or reason for, any change. Servicing fee revenue wins in any period are highly variable and include estimated fees attributable to both (1) services to be provided for new estimated AUC/A reflected in new asset servicing wins for the period (with AUC/A to be onboarded in the future) and (2) additional services to be provided for AUC/A already included in our end-of period AUC/A (i.e., for which other services are currently provided); and the magnitude of one source of servicing fee revenue wins relative to the other (i.e., (1) relative to (2)) will vary from period to period. Therefore, for these and other reasons, comparisons of estimated servicing fee revenue wins to estimated new asset servicing AUC/A wins for any period will not produce reliable fee per AUC/A estimates. No servicing fees are recognized until the point in the future when we begin performing the associated services with respect to the relevant AUC/A. See also endnote 1 above in reference to considerations applicable to pending servicing engagements, which similarly apply to engagements for which reported servicing fee revenue wins/backlog are attributable. Both AUC/A and servicing fee revenue, when presented on a "backlog" or "to be installed" basis, are presented as of period-end. 3. Strategic partnership with Apex Fintech Solutions, including a minority investment by State Street, announced on September 3, 2025. 4. State Street was recognized in Euromoney Magazine's 2025 FX Awards across eight categories: World's Best Bank for Client Service, World's Best Bank for Real Money Clients, World's Best Bank for FX Research, World's Best FX Venue for Real Money Clients, World's Best FX Solution for Real Money Clients, World's Best Solution for Data Management, World's Best Provider of TCA Solutions, and World's Best New FX Platform. 5. NII is presented on a GAAP-basis. NIM is presented on a fully taxable-equivalent (FTE) basis, and is calculated by dividing FTE NII by average total interest-earning assets. Refer to the Addendum for reconciliations of NII FTE- basis to NII GAAP-basis on the Average Statement of Condition. 6. Capital returned represents $237M of common stock dividends declared during 3Q25 and $400M of common share repurchases made in 3Q25. Total payout represents capital returned divided by net income available to common shareholders over the period of 3Q25. The total payout ratio was 79% in 3Q25. 7. Unless otherwise noted, all capital ratios referenced on this slide and elsewhere in this presentation refer to State Street Corporation, or State Street, and not State Street Bank and Trust Company. All capital ratios are as of quarter-end. The lower of capital ratios calculated under the Basel III advanced approaches and under the Basel III standardized approach are applied in the assessment of our capital adequacy for regulatory purposes. Standardized approach ratios were binding for 3Q24 to 3Q25. Refer to the Addendum for descriptions of these ratios. September 30, 2025 capital ratios are presented as of quarter-end and are preliminary estimates. 8. Quartile performance data provided by iMoneyNet. Market share based on Global Institutional Money Market Funds and sourced from Money Fund Analyzer, a service provided by iMoneyNet as of the end of September 2025. 9. FX trading services of $374M in 3Q24 included a notable item related to a revenue-related recovery of $15M. FX trading services of $431M in 2Q25 included a notable item related to a revenue-related recovery of $3M associated with the proceeds from a 2018 FX benchmark litigation resolution. Excluding notable items, 3Q25 FX trading services of $416M was up 16% compared to 3Q24 adjusted FX trading services of $359M, and down (3)% compared to 2Q25 adjusted FX trading services of $428M.

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17 10. Software and processing fees of $227M in 3Q25 was up 9% compared to 3Q24 Software and processing fees of $208M. Software and processing fees of $230M in 2Q25 included a notable item related to an Alpha- related client rescoping of $24M. Excluding the notable item, 3Q25 Software and processing fees of $227M was down (11)% compared to 2Q25 adjusted Software and processing fees of $254M. 11. On-premises revenue is revenue derived from locally installed software. Software-enabled revenue includes SaaS, maintenance and support revenue, FIX, brokerage, and value-add services. The revenue recognition pattern for On-premises installations differs from software-enabled revenue. 12. Front office software and data revenue primarily includes revenue from CRD, Alpha Data Platform and Alpha Data Services. Includes Other revenue of $3-4M in each of 3Q24 through 3Q25. Revenue line items may not sum to total due to rounding. 13. Front office software and data of $167M in 3Q25 was up 14% compared to 3Q24 Front office software and data of $146M. Front office software and data of $169M in 2Q25 included a notable item related to an Alpha- related client rescoping of $24M. Excluding the notable item, 3Q25 Front office software and data of $167M was down (13)% compared to 2Q25 adjusted Front office software and data of $193M. 14. Front office bookings represent signed ARR contract values for CRD, CRD for Private Markets, Alpha Data Platform, and Alpha Data Services excluding bookings with affiliates, including State Street Investment Management. Front office revenue derived from affiliate agreements is eliminated in consolidation for financial reporting purposes. 15. Front office software and data annual recurring revenue (ARR), an operating metric, is calculated by annualizing current quarter revenue for CRD and CRD for Private Markets and includes the annualized amount of most software-enabled revenue, including revenue generated from SaaS, maintenance and support revenue, FIX, and value-added services, which are all expected to be recognized ratably over the term of client contracts. Front office software and data ARR does not include software-enabled brokerage revenue, revenue from affiliates and licensing fees (excluding the portion allocated to maintenance and support) from On-premises software. 16. Represents expected ARR from signed client contracts that are scheduled to be largely installed over the next 24 months for CRD, CRD for Private Markets and Alpha Data Services. It includes SaaS revenue, as well as maintenance and support revenue, and excludes the one-time impact of On-premises license revenue, revenue generated from FIX, brokerage, value-add services, and professional services as well as revenue from affiliates. 17. These deposits primarily reflect our maintenance of cash balances at the Federal Reserve, the ECB and other non-U.S. central banks. 18. Average loans are presented on a gross basis. Refer to the Addendum for average loans net of expected credit losses. 19. Compensation and employee benefits expenses of $1,280M in 2Q25 included a notable item related to a repositioning charge of $100M. Excluding this notable item, 3Q25 Compensation and employee benefits of $1,162M was down (2)% compared to 2Q25 adjusted Compensation and employee benefits of $1,180M. Information systems and communications expenses of $523M in 2Q25 included a notable item reflecting an Alpha- related client rescoping of $18M. Excluding this notable item, 3Q25 Information systems and communications expenses of $517M was up 2% compared to 2Q25 adjusted Information systems and communications expenses of $505M. 20. Other, excluding notable items, includes Other expenses and Amortization of intangible assets. 21. The SCB of 2.5% effective on October 1, 2025 is calculated based upon the results of the 2025 Federal Reserve supervisory stress test. 22. Adjusted average assets (Tier 1) is equal to average consolidated assets less applicable Tier 1 leverage capital reductions under regulatory standards. 23. The Tier 1 leverage ratio differs from the SLR primarily in that the denominator of the Tier 1 leverage ratio is a quarterly average of on-balance sheet assets, while the SLR additionally includes off-balance sheet exposures. In addition, STT's SLR includes regulatory deductions. Refer to the Addendum for additional information on regulatory capital. 24. State Street Corporation LCR in 3Q25 decreased 1% QoQ to ~106%; State Street Bank and Trust's (SSBT) LCR is significantly higher than State Street Corporation's (SSC) LCR, primarily due to application of the transferability restriction in the U.S. LCR Final Rule to the calculation of SSC's LCR. This restriction limits the amount of HQLA held at SSC's principal banking subsidiary, SSBT, and available for the calculation of SSC's LCR to the amount of net cash outflows of SSBT. This transferability restriction does not apply in the calculation of SSBT's LCR, and therefore SSBT's LCR reflects the full benefit of all of its HQLA holdings. 25. As a U.S. G-SIB, State Street must maintain a 2% SLR buffer at the holding company and a 3% buffer at State Street Bank in order to avoid any limitations on distributions to shareholders and discretionary bonus payments to certain executives.

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18 This Presentation contains forward-looking statements within the meaning of United States securities laws, including statements about our goals and expectations regarding our strategy, growth and sales prospects, capital management, business, financial and capital condition, results of operations, the financial and market outlook and the business environment. Forward-looking statements are often, but not always, identified by such forward-looking terminology as "estimate," "will," "opportunity," "strategy," "future," "driver," "outlook," "priority," "expect," "intend," "aim," "outcome," "future," "pipeline," "trajectory," "target," "guidance," "objective," "plan," "forecast," "believe," "anticipate," "seek," "may," "trend," and "goal," or similar statements or variations of such terms. These statements are not guarantees of future performance, are inherently uncertain, are based on current assumptions that are difficult to predict and involve a number of risks and uncertainties. Therefore, actual outcomes and results may differ materially from what is expressed in those statements, and those statements should not be relied upon as representing our expectations or beliefs as of any time subsequent to the time this Presentation is first issued. We are subject to intense competition, which could negatively affect our profitability; We are subject to significant pricing pressure and variability in our financial results and our AUC/A and AUM; We could be adversely affected by political, geopolitical, economic and market conditions, including, for example, as a result of liquidity or capital deficiencies (actual or perceived) by other financial institutions and related market and government actions, changes in U.S. trade or other policies or those policies of other nations, the ongoing conflicts in Ukraine and in the Middle East, major political shifts domestically or internationally (including the potential for retaliatory actions by governments, market participants or clients based on diverging perspectives or otherwise, and separately, the pending shutdown of the U.S. federal government), actions taken by central banks in an attempt to address prevailing economic conditions, changes in monetary policy or periods of significant volatility in the markets for equity, fixed income and other asset classes globally or within specific markets; Our development and completion of new products and services, including State Street Alpha® and those related to wealth servicing, alternative investment management or digital assets or incorporating artificial intelligence, may impose costs on us, involve dependencies on third parties and may expose us to increased risks; Our business may be negatively affected by risks associated with strategic initiatives we are undertaking to enhance the effectiveness and efficiency of our operations and of our cybersecurity and technology infrastructure or by our failure to meet the related, resiliency or other expectations of our clients and regulators, or as a result of a cyber-attack or similar vulnerability in our or business partners' infrastructure; Our risk management framework, models and processes may not be effective in identifying or mitigating risk and reducing the potential for related losses, and a failure or circumvention of our controls and procedures, or errors or delays in our operational and transaction processing, or those of third parties, could have an adverse effect on our business, financial condition, operating results and reputation; Acquisitions, strategic alliances, joint ventures and divestitures, and the integration, retention and development of the benefits of these transactions, pose risks for our business; Competition for qualified members of our workforce is intense, and we may not be able to attract and retain the highly skilled people we need to support our business; We have significant operations, and clients, in many markets and jurisdictions globally that can be adversely impacted, locally or more broadly, by disruptions in those or other markets or economies, including local, regional and geopolitical developments affecting those markets or economies; Our investment securities portfolio, consolidated financial condition and consolidated results of operations could be adversely affected by changes in the financial markets, governmental action or monetary policy. For example, among other risks, changes in prevailing interest rates or market conditions have led, and were they to persist or occur in the future could further lead, to decreases in our NII or to portfolio management decisions resulting in reductions in our capital or liquidity ratios; Our business activities expose us to interest rate risk; We assume significant credit risk of counterparties, who may also have substantial financial dependencies on other financial institutions, and these credit exposures and concentrations could expose us to financial loss; Our fee revenue represents a significant portion of our revenue and is subject to and may decline based on, among other factors, market and currency declines, investment activities and preferences of our clients and their business mix, as well as the timing of new business onboarding; If we are unable to effectively manage our capital and liquidity, our financial condition, capital ratios, results of operations and business prospects could be adversely affected; We may need to raise additional capital or debt in the future, which may not be available to us or may only be available on unfavorable terms; If we experience a downgrade in our credit ratings, or an actual or perceived reduction in our financial strength, our borrowing and capital costs, liquidity and reputation could be adversely affected; Our business and capital-related activities, including common share repurchases, may be adversely affected by regulatory requirements and considerations, including capital, credit and liquidity; We face extensive and changing government regulation and supervision in the U.S. and non-U.S. jurisdictions in which we operate, which may increase our costs and compliance risks and may affect our business activities and strategies; Our businesses may be adversely affected by government enforcement and litigation; Our businesses may be adversely affected by increased and conflicting political, regulatory and client scrutiny of asset management, stewardship and corporate sustainability or Environmental, Social and Governance (ESG) practices; Any misappropriation of the confidential information we possess could have an adverse impact on our business and could subject us to regulatory actions, litigation and other adverse effects; Our calculations of risk exposures, total RWA and capital ratios depend on data inputs, formulae, models, correlations and assumptions that are subject to change, which could materially impact our risk exposures, our total RWA and our capital ratios from period to period; Changes in accounting standards may adversely affect our consolidated results of operations and financial condition; Changes in tax laws, rules or regulations, challenges to our tax positions and changes in the composition of our pre-tax earnings may increase our effective tax rate; We could face liabilities for withholding and other non-income taxes, including in connection with our services to clients, as a result of tax authority examinations; Our businesses may be negatively affected by adverse publicity or other reputational harm; Shifting and maintaining operational activities to non-U.S. jurisdictions, changing our operating model, and outsourcing to, or insourcing from, third parties expose us to increased operational risk, geopolitical risk and reputational harm and may not result in expected cost savings or operational improvements; Attacks or unauthorized access to our or our business partners' or clients' information technology systems or facilities, such as cyber-attacks or other disruptions to our or their operations, could result in significant costs, reputational damage and impacts on our business activities; Long-term contracts and customizing service delivery for clients expose us to increased operational risk, pricing and performance risk; We may not be able to protect our intellectual property or may infringe upon the rights of third parties; The quantitative models we use to manage our business may contain errors that could adversely impact our business, financial condition, operating results and regulatory compliance, and lapses in disclosure controls and procedures or internal control over financial reporting could occur, any of which could result in material harm; Our reputation and business prospects may be damaged if investors in the collective investment pools we sponsor or manage incur substantial losses in these investment pools or are restricted in redeeming their interests in these investment pools; The impacts of global regulatory requirements and expectations, shifting client preferences, and disclosure requirements related to climate risks and sustainability standards could adversely affect us; and We may incur losses or face negative impacts on our business as a result of unforeseen events, including terrorist attacks, geopolitical events, acute or chronic physical risk events, including natural disasters, pandemics, global conflicts, or a banking crisis, which may have a negative impact on our business and operations. Other important factors that could cause actual results to differ materially from those indicated by any forward-looking statements are set forth in our 2024 Annual Report on Form 10-K and our subsequent SEC filings. We encourage investors to read these filings, particularly the sections on risk factors, for additional information with respect to any forward-looking statements and prior to making any investment decision. The forward-looking statements contained in this Presentation should not be relied on as representing our expectations or beliefs as of any time subsequent to the time this Presentation is first issued, and we do not undertake efforts to revise those forward-looking statements to reflect events after that time.

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19 In addition to presenting State Street's financial results in conformity with U.S. generally accepted accounting principles, or GAAP, management also presents certain financial information on a basis that excludes or adjusts one or more items from GAAP. This latter basis is a non-GAAP presentation. In general, our non-GAAP financial results adjust selected GAAP-basis financial results to exclude the impact of revenue and expenses outside of State Street's normal course of business or other notable items, such as acquisition and restructuring charges, repositioning charges, gains/losses on sales, as well as, for selected comparisons, seasonal items. For example, we sometimes present expenses on a basis we may refer to as "expenses ex-notable items", which exclude notable items and, to provide additional perspective on both prior year quarter and sequential quarter comparisons, may also exclude seasonal items. Management believes that this presentation of financial information facilitates an investor's further understanding and analysis of State Street's financial performance and trends with respect to State Street's business operations from period-to-period, including providing additional insight into our underlying margin and profitability. In addition, Management may also provide additional non-GAAP measures. For example, we may sometimes present ratios, such as return on tangible common equity, based on an adjusted common shareholder equity metric, "tangible common equity", which reflects a reduction (net of deferred taxes) for goodwill and other intangible assets, as we believe this presentation provides additional context about our use of equity. As an additional example, we may present revenue and expense measures on a constant currency basis to identify the significance of changes in foreign currency exchange rates (which often are variable) in period-to-period comparisons. This presentation represents the effects of applying prior period weighted average foreign currency exchange rates to current period results. Non-GAAP financial measures should be considered in addition to, not as a substitute for or superior to, financial measures determined in conformity with GAAP. Refer to the "Reconciliation of notable items" in this Appendix and to the Addendum for reconciliations of our non-GAAP financial information. To access the Addendum go to http://investors.statestreet.com and click on "Filings & Reports – Quarterly Results".

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20 ARR Annual recurring revenue AUC/A Assets under custody and/or administration AUM Assets under management CET1 ratio Common equity tier 1 ratio CRD Charles River Development Diluted earnings per share (EPS) Net income available to common shareholders divided by diluted average common shares outstanding for the noted period EMEA Europe, Middle East and Africa EPS Earnings per share ESG Environmental, Social, and Governance ETF Exchange-traded fund Fee operating leverage Rate of growth of total fee revenue less the rate of growth of total expenses, relative to the successive prior year period, as applicable FIX The Charles River Network's FIX Network Service (CRN) is an end-to-end trade execution and support service facilitating electronic trading between Charles River's asset management and broker clients Front office uninstalled revenue backlog Represents the annualized recurring revenue from signed client contracts that are scheduled to be fully installed over the next 24 months for CRD, Charles River for Private Markets and Alpha Data Services. It includes SaaS revenue as well as maintenance and support revenue and excludes the one-time impact of on-premises license revenue, revenue generated from FIX, brokerage, value-add services, and professional services as well as revenue from affiliates FTE Fully taxable-equivalent FX Foreign exchange FY Full-year GAAP Generally accepted accounting principles in the United States G-SIB Global systemically important bank HQLA High Quality Liquid Assets IM Investment Management IS Investment Services LCR Liquidity Coverage Ratio Lending related and other Lending related and other fees primarily consist of fee revenue associated with State Street's fund finance, leveraged loans, municipal finance, insurance and stable value wrap businesses Net interest income (NII) Income earned on interest bearing assets less interest paid on interest bearing liabilities Net interest margin (NIM) (FTE) Fully taxable-equivalent (FTE) Net interest income divided by average total interest-earning assets nm Not meaningful NYSE New York Stock Exchange On-premises On-premises revenue as recognized in Front office software and data Operating leverage Rate of growth of total revenue less the rate of growth of total expenses, relative to the corresponding prior year period, as applicable %Pts Percentage points is the difference from one percentage value subtracted from another Payout ratio Total payout ratio is equal to common stock dividends and common stock purchases as a percentage of net income available to common shareholders Pre-tax margin Income before income tax expense divided by total revenue Quarter-over-Quarter (QoQ) Sequential quarter comparison Return on average equity (ROE) Net income available to common shareholders divided by average common equity Return on average tangible common equity (ROTCE) Net income available to common shareholders divided by average tangible common equity RWA Risk weighted assets SaaS Software as a service SCB Stress capital buffer Seasonal expenses Seasonal deferred incentive compensation expenses for retirement-eligible employees and payroll taxes SEC Securities Exchange Commission SSC State Street Corporation Year-over-Year (YoY) Current period compared to the same period a year ago YTD Year-to-date

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