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STATE ST CORP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Loans and Leases624.00769.00687.00504.00378.00311.00266.00253.00254.00278.00
Commercial and financial loans--------------------
Investment securities:U.S. Treasury and federal agencies1,174.001,443.001,178.00854.00821.00735.00672.00707.00799.00775.00
Investment securities:State and political subdivisions (exempt from federal income tax)37.0049.00143.00226.00224.00227.00231.00249.00214.00221.00
Investment securities:Other investments366.00505.00560.00658.00756.00934.001,241.001,331.001,552.001,493.00
Deposits with banks76.00416.00387.00180.00126.00208.00196.00125.00141.00149.00
Securities purchased under resale agreements and federal funds sold126.00364.00335.00264.00146.0062.0038.0045.0051.0028.00
Trading account assets--------------------
Other interest-earning assets55.00395.00372.00222.0061.0011.008.004.003.002.00
Interest revenue associated with AMLF117.00------------------
Total interest revenue2,575.003,941.003,662.002,908.002,512.002,488.002,652.002,714.003,014.002,946.00
Deposits(117.00)663.00363.00163.0085.0097.0099.0093.00166.00220.00
Long-Term Debt312.00414.00389.00308.00260.00250.00245.00232.00222.00289.00
Other short-term borrowings17.0021.0017.0010.007.007.005.0060.0073.0096.00
Securities sold under repurchase agreements4.0031.0013.002.001.00----------
Other Borrowings58.00246.00209.00121.0075.0046.0043.0026.0015.008.00
Interest expense associated with AMLF101.00------------------
Total Interest Expense375.001,375.00991.00604.00428.00400.00392.00411.00476.00613.00
Net interest revenue2,200.002,566.002,671.002,304.002,084.002,088.002,260.002,303.002,538.002,333.00
Provision for loan losses88.0010.0015.002.0010.0012.0010.006.00(3.00)0.00
Net interest revenue after provision for loan losses2,112.002,556.002,656.002,302.002,074.002,076.002,250.002,297.002,541.002,333.00
Brokerage fees--------------------
Servicing fees5,167.005,074.005,421.005,365.005,073.005,153.005,108.004,799.004,414.004,382.00
Management fees1,880.001,824.001,899.001,616.001,292.001,174.001,207.001,106.00993.00917.00
Processing fees and other733.00720.00438.00343.0090.00309.00174.00212.00240.00297.00
Gains on sales of available-for-sale investment securities, net4.00(1.00)9.00(39.00)7.00(6.00)4.00(9.00)23.0067.00
Foreign exchange trading1,363.001,058.001,153.001,071.00------------
Trading services--------1,099.001,146.001,084.001,094.001,036.001,220.00
Other income--44.00(3.00)--------------
Gain on sale of Corporate Trust business--------------------
Gain on sale of commercial banking business, net of exit and other associated costs--------------------
Global securities lending356.00471.00543.00606.00562.00496.00437.00359.00405.00378.00
Gain on sale of Private Asset Management business--------------------
Gain on sale of CitiStreet interest, net of exit and other associated costs--------------------
Total Non Interest Income------8,962.008,123.008,272.008,014.007,561.007,111.007,261.00
Salaries and employee benefits4,450.004,541.004,780.004,394.004,353.004,061.004,060.003,800.003,837.003,820.00
Occupancy489.00470.00500.00461.00440.00444.00461.00467.00470.00455.00
Amortization of intangible assets234.00236.00226.00214.00207.00197.00222.00214.00198.00200.00
Restructuring costs50.0077.0024.00266.00209.0025.00133.00104.00225.00269.00
Merger, integration and divestiture costs--------------------
Provision for legal exposure--------------------
Other965.001,262.001,176.00929.00963.001,018.00751.00547.00591.00459.00
Professional services----------490.00440.00392.00381.00347.00
Transaction processing services978.00983.00985.00838.00800.00793.00784.00733.00702.00732.00
Information systems and communications1,550.001,465.001,324.001,167.001,105.001,022.00976.00935.00844.00776.00
Provision for investment account infusion--------------------
Securities lending charge--------------------
Claims resolution----------------(362.00)0.00
Total Non-Interest expense8,716.009,034.009,015.008,269.008,077.008,050.007,827.007,192.006,886.007,058.00
Income from continuing operations before income tax expense2,899.002,712.003,101.002,995.002,120.002,298.002,437.002,666.002,766.002,536.00
Current:Federal241.00157.00122.00343.00(14.00)52.0059.00193.00148.0049.00
Current:State122.0086.00148.0024.0030.0092.0039.0047.0064.0054.00
Deferred:Federal(168.00)(6.00)(128.00)45.00(311.00)(39.00)38.0095.00267.00134.00
Deferred:State5.0033.00(22.00)66.0038.0040.0010.0031.0027.008.00
Income tax expense from continuing operations479.00470.00508.00839.00(22.00)318.00415.00616.00705.00616.00
Current:Non-U.S310.00357.00374.00380.00320.00342.00257.00248.00262.00295.00
Deferred:Non-U.S(31.00)(157.00)14.00(19.00)(85.00)(169.00)12.002.00(63.00)76.00
Net income from minority interest--------(1.00)----------
Income from Continuing Operations--------------------
Income from discontinued operations--------------------
Loss from discontinued operations--------------------
Income tax expense from discontinued operations--------------------
Income before extraordinary loss--------------------
Extraordinary loss, net of taxes--------------------
Consolidated Net Income (Loss)2,420.002,242.002,593.002,156.002,143.001,980.002,022.002,050.002,061.001,920.00
Preferred stock dividends162.00232.00188.00182.00173.00130.0061.0026.0029.0020.00
Accretion of preferred stock discount--------------------
Dividends and undistributed earnings allocated to participating securities1.001.001.002.002.002.003.008.0013.0018.00
Prepayment of preferred stock discount--------------------
Net Income2,257.002,009.002,404.001,972.001,968.001,848.001,958.002,016.002,019.001,882.00
Earnings Per Share From Continuing Operations:Basic--------------------
Income Per Share From Discontinued Operations:Basic--------------------
EARNINGS PER SHARE:Basic6.405.436.465.265.034.534.624.524.253.82
Earnings Per Share From Continuing Operations:Diluted--------------------
Income Per Share From Discontinued Operations:Diluted--------------------
EARNINGS PER SHARE:Diluted6.325.386.395.194.974.474.534.434.203.79
AVERAGE SHARES OUTSTANDING: Basic352.87369.91371.98374.79391.49407.86424.22446.25474.46492.60
AVERAGE SHARES OUTSTANDING: Diluted357.11373.67376.48380.21396.09413.64432.01455.16481.13496.07