# State Street Corp: Form 10-Q for the period ended Mar 31, 2024

- Company: [State Street Corp](/companies/stt.md) (CIK 93751)
- Form: 10-Q
- Filed: 2024-05-02
- Accepted by EDGAR: May 2, 2024, 11:45 ET
- Period: 2024-03-31
- Accession: 0000093751-24-000587
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/93751/000009375124000587/stt-20240331.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/93751/000009375124000587/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2024-03-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 3 months, 2024-01-01 to 2024-03-31 | $3.14bn | us-gaap:Revenues |
| Interest expense | 3 months, 2024-01-01 to 2024-03-31 | $2.17bn | us-gaap:InterestExpense |
| Income tax | 3 months, 2024-01-01 to 2024-03-31 | $135.0m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 3 months, 2024-01-01 to 2024-03-31 | $463.0m | us-gaap:NetIncomeLoss |
| Diluted EPS | 3 months, 2024-01-01 to 2024-03-31 | $1.37 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 3 months, 2024-01-01 to 2024-03-31 | $1.38 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 3 months, 2024-01-01 to 2024-03-31 | 305,943,000 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 3 months, 2024-01-01 to 2024-03-31 | −$844.0m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 3 months, 2024-01-01 to 2024-03-31 | $230.0m | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Dividends paid | 3 months, 2024-01-01 to 2024-03-31 | $243.0m | us-gaap:PaymentsOfDividends |
| Share repurchases | 3 months, 2024-01-01 to 2024-03-31 | $119.0m | us-gaap:PaymentsForRepurchaseOfCommonStock |
| Total assets | at 2024-03-31 | $338.00bn | us-gaap:Assets |
| Total liabilities | at 2024-03-31 | $313.57bn | us-gaap:Liabilities |
| Shareholders' equity | at 2024-03-31 | $24.43bn | us-gaap:StockholdersEquity |

## Management's discussion and analysis

As filed, 2,029 characters.

On January 19, 2024, we announced a new common share repurchase program, approved by our Board and superseding all prior programs, authorizing the purchase of up to $5.0 billion of our common stock beginning in the first quarter of 2024. This new program has no set expiration date and is not expected to be executed in full during 2024. We repurchased $100 million of our common stock in the first quarter of 2024 under our 2024 share repurchase authorization.

The following table presents the activity under our common share repurchase program for each of the months in the quarter ended March 31, 2024.

*(Dollars in millions except per share amounts; shares in thousands)*

| Period: | Total number of shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced program | Approximate dollar value of shares that may yet be purchased under publicly announced program |
| --- | ---: | ---: | ---: | ---: |
| January 1 - January 31, 2024 | — | $— | — | $5,000 |
| February 1 - February 29, 2024 | 438 | 72.96 | 438 | 4,968 |
| March 1 - March 31, 2024 | 927 | 73.38 | 927 | 4,900 |
| Total | 1,365 | $73.24 | 1,365 | $4,900 |

Stock purchases under our common share repurchase program 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 ratable 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 our financial performance, investment opportunities, market conditions, 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 program does not have specific price targets and may be suspended at any time.

Filed May 2, 2024.
Source: SEC EDGAR, the filing index for accession 0000093751-24-000587. Last ingested by Listed: Oct 26, 2026, 10:02 ET. No prices; not investment advice.