State Street beats Q1 revenue, net interest income estimates

State Street

17/04/2026 12:41

Overview

U.S. custody bank's Q1 revenue rose 16% yr/yr, beating analyst expectations

Net interest income for Q1 climbed 17%, beating analyst expectations

Company cites record fee revenue and net interest income among main drivers for revenue growth

Outlook

Company says macro and geopolitical environment outlook remains uncertain

State Street highlights $315 mln in servicing fee revenue to be installed in future periods

Company notes $2.7 trillion in AUC/A to be installed in future periods

Result Drivers

FEE REVENUE GROWTH - Record fee revenue driven by increases in servicing, management, FX trading, and software services fees

NET INTEREST INCOME - Net interest income rose 17%, mainly due to a higher net interest margin and increased average interest-earning assets

MARKET ACTIVITY & NEW BUSINESS - Higher market levels, net inflows, and new servicing wins boosted assets under custody/administration and management

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$3.80 bln
$3.66 bln (11 Analysts)
Q1 EPS
$2.49
Q1 Net Income
$764 mln
Q1 Net Interest Income
Beat
$835 mln
$781.71 mln (7 Analysts)
Q1 Credit Loss Provision
$16 mln
Q1 ROE
11.60%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for State Street Corp is $148.00, about 4.3% above its April 16 closing price of $141.90

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)