State Street Bank and Trust Company
State Street Bank and Trust Company reported total assets of $412.6 bn at Q2 2026, up 11.0% on a year earlier, the 12th largest of 497 banks in our US coverage. The CET1 capital ratio at State Street Bank and Trust Company was 14.72%. State Street Bank and Trust Company held deposits of $326.2 bn. Source: FDIC Call Reports.
Key takeaways
- State Street Bank and Trust Company reports one of the lowest tier 1 leverage ratio readings among banks of over $100 bn: 5.85% at , where the median of the 32 banks is 9.44% (FDIC Call Reports).
- The net interest margin of State Street Bank and Trust Company, 1.24% at , places State Street Bank and Trust Company in the bottom tenth of banks of over $100 bn (group median 3.14%; FDIC Call Reports).
- Few banks of over $100 bn report a higher uninsured share of domestic deposits than State Street Bank and Trust Company, at 102.28% in against a group median of 44.87% (FDIC Call Reports).
What sets State Street Bank and Trust Company apart
- On return on equity (ROE), State Street Bank and Trust Company climbed from 287th to 215th among 500 US banks between and (1 = highest).
- State Street Bank and Trust Company reports one of the lowest loan-to-deposit ratio readings among banks of over $100 bn: 16.00% at , where the median of the 32 banks is 72.53%.
- The return on assets (ROA) of State Street Bank and Trust Company, 0.97% at , places State Street Bank and Trust Company in the bottom tenth of banks of over $100 bn (group median 1.18%).
How large is State Street Bank and Trust Company?
The balance sheet of State Street Bank and Trust Company at : assets $412.6 bn, deposits $326.2 bn, net loans $52.2 bn (loans equal to 16.00% of deposits). Securities make up 26.0% of total assets at State Street Bank and Trust Company. Since , when State Street Bank and Trust Company held $239.3 bn, its assets grew 72.4%. In the year to , deposits at State Street Bank and Trust Company rose 12.9% while its total assets rose 11.0%. At , State Street Bank and Trust Company employed 48,653 full-time equivalent staff across 3 offices, about $8.5 mn of assets per employee and $108.7 bn of deposits per office.
How much funding at State Street Bank and Trust Company is uninsured?
At State Street Bank and Trust Company, uninsured deposits (above the FDIC limit) made up 102.28% of domestic deposits at (+0.76 pp on a year earlier); State Street Bank and Trust Company ranks 1st of 500 on this measure. In dollars, State Street Bank and Trust Company estimated $247.6 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $326.2 bn | +12.9% | 11th of 499 |
| Net loans and leases | $52.2 bn | +10.3% | 36th of 500 |
| Loan-to-deposit ratio | 16.00% | -0.36 pp | 491st of 500 |
| Tier 1 leverage ratio | 5.85% | -0.19 pp | 500th of 500 |
| Total risk-based capital ratio | 15.21% | -0.50 pp | 156th of 448 |
| Net interest margin | 1.24% | +0.16 pp | 494th of 500 |
| Return on assets (ROA) | 0.97% | +0.18 pp | 398th of 500 |
| Efficiency ratio | 66.12% | -3.33 pp | 402nd of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $4.2 bn | Narrowed by $616.0 mn | |
| Unrealized gain/loss on available-for-sale securities | Gain of $62.0 mn | Rose by $35.0 mn | |
| Noncurrent loans to total loans | 0.56% | +0.16 pp | 224th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.17% | +0.03 pp | 327th of 500 (1 = lowest) |
US rank of State Street Bank and Trust Company: 1 = highest unless marked 1 = lowest.
Balance sheet
State Street Bank and Trust Company: assets, deposits and loans
- Total assets $413bn
- Deposits $326bn
- Net loans $52.2bn
Capital and securities
The CET1 ratio of State Street Bank and Trust Company stood at 14.72% in , -0.46 pp year on year. Low and high at State Street Bank and Trust Company since : 13.47% () to 18.51% (). Equity capital of State Street Bank and Trust Company at : $29.2 bn, or 7.1% of total assets. State Street Bank and Trust Company also reported a total capital ratio of 15.21% for , and a tier 1 leverage ratio of 5.85%.
On held-to-maturity securities, State Street Bank and Trust Company carried an unrealized loss of $4.2 bn at , equal to 14.4% of equity capital. The loss narrowed by $616.0 mn over the year. Its deepest point: $7.8 bn in . The available-for-sale portfolio of State Street Bank and Trust Company showed an unrealized gain of $62.0 mn at ; the gain rose by $35.0 mn over the year.
State Street Bank and Trust Company: capital ratios
- Total capital 15%
- CET1 15%
- Tier 1 leverage 5.8%
State Street Bank and Trust Company: unrealized securities gains and losses
- Available for sale $62mn
- Held to maturity -$4.2bn
Profitability and loan quality
For the year to , State Street Bank and Trust Company earned a return on equity of 12.96%; return on assets: 0.97%. Net interest margin at State Street Bank and Trust Company: 1.24%, +0.16 pp in a year. State Street Bank and Trust Company net income: $1.9 bn, up 31.1% year on year. The efficiency ratio of State Street Bank and Trust Company was 66.12%: about 66 cents cost per revenue dollar, against 59 cents at the median peer.
At , noncurrent loans were 0.56% of total loans at State Street Bank and Trust Company; net charge-offs: 0.17% of average loans. Gross loans and leases at State Street Bank and Trust Company: $52.4 bn, up 10.3% in a year.
State Street Bank and Trust Company: profitability
- Return on equity 13%
- Net interest margin 1.2%
- Return on assets 1.0%
Peer group of State Street Bank and Trust Company
The peer group of State Street Bank and Trust Company is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of State Street Bank and Trust Company (state member bank), 6 sit in the same size group (over $100 bn) and 0 have head offices in Massachusetts. Against them, State Street Bank and Trust Company shows CET1 ratio 14.72% against a peer median of 13.34%, return on equity 12.96% against a peer median of 9.73% and uninsured deposit share 102.28% against a peer median of 44.22%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Truist Bank | State nonmember bank | NC | $548.3 bn | 12.11% | 10.00% | 44.91% | |
| The Bank of New York Mellon | State member bank | NY | $425.1 bn | 14.56% | 19.63% | 99.26% | |
| Morgan Stanley Bank | National bank | UT | $419.3 bn | 18.25% | 15.33% | 43.96% | |
| State Street Bank and Trust Company | State member bank | MA | $412.6 bn | 14.72% | 12.96% | 102.28% | |
| TD Bank | National bank | DE | $342.8 bn | 16.16% | 5.87% | 37.28% | |
| Fifth Third Bank | National bank | OH | $299.2 bn | 11.70% | 7.89% | 44.48% | |
| The Huntington National Bank | National bank | OH | $283.1 bn | 11.82% | 9.47% | 32.46% | |
. FDIC Call Reports.
Last eight quarters
Two years at State Street Bank and Trust Company, to : assets +23.4%, deposits +28.2%, equity +6.8%. Staff 50,596 to 48,653.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $334.3 bn | $349.0 bn | $368.2 bn | $371.8 bn | $366.1 bn | $360.7 bn | $386.5 bn | $412.6 bn |
| Total deposits | $254.4 bn | $266.9 bn | $277.9 bn | $289.1 bn | $286.0 bn | $280.6 bn | $299.6 bn | $326.2 bn |
| Bank equity capital | $27.3 bn | $27.5 bn | $28.0 bn | $29.1 bn | $28.9 bn | $28.9 bn | $28.7 bn | $29.2 bn |
| CET1 ratio | 15.76% | 15.49% | 15.32% | 15.18% | 15.52% | 16.27% | 14.70% | 14.72% |
| Return on equity (ROE) | 9.96% | 10.42% | 10.55% | 10.13% | 10.72% | 10.62% | 10.55% | 12.96% |
| Uninsured share of domestic deposits | 103.15% | 99.72% | 99.64% | 101.52% | 98.09% | 99.32% | 100.67% | 102.28% |
| Full-time equivalent employees | 50,596 | 50,555 | 50,646 | 50,017 | 49,587 | 49,519 | 49,446 | 48,653 |
| Number of offices | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
FDIC Call Reports.
Mergers and acquisitions
Large one-quarter moves at State Street Bank and Trust Company
- Total assets at State Street Bank and Trust Company changed by +48.3% in the quarter to 2020-03-31, with no FDIC structure event in that quarter.
Questions and identifiers
What were the total assets of State Street Bank and Trust Company?
State Street Bank and Trust Company reported $412.6 bn at in its Call Report. That makes State Street Bank and Trust Company the 12th largest of 497 banks in our US coverage.
Is State Street Bank and Trust Company the same as its holding company?
No. This page covers State Street Bank and Trust Company, FDIC certificate 14; STATE STREET CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is State Street Bank and Trust Company profitable?
State Street Bank and Trust Company reported net income of $1.9 bn for the year to ; annualized return on equity: 12.96%. So yes: State Street Bank and Trust Company made a profit over these months.
When is data for State Street Bank and Trust Company next updated?
Figures from State Street Bank and Trust Company for are due after .
Where can I check the figures for State Street Bank and Trust Company?
In the FDIC BankFind Suite record for certificate 14, and in the Call Reports of State Street Bank and Trust Company (RSSD ID 35301) at the FFIEC Central Data Repository.