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% from a year earlier. That ranks 12th among 497 banks reporting this metric (1 = highest). Its common equity tier 1 ratio was 14.72%, and an estimated 102.28% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Return on equity (ROE): up 2.41 pp on Q1 2026, to 12.96%
- Total deposits: up 8.9% on Q1 2026, to $326.2 bn
- Uninsured share of domestic deposits: up 1.61 pp on Q1 2026, to 102.28%
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about State Street Bank and Trust Company?
Its largest one-quarter change in total assets since Q1 2016 was +48.3% between Q4 2019 and Q1 2020, a quarter with no merger or acquisition in the FDIC history. Against its six size peers, its uninsured share of domestic deposits stands out most: 102.28% at Q2 2026, above the peer median of 44.22%. By return on equity (ROE) it moved from 303rd to 215th among 500 banks between Q1 2026 and Q2 2026 (1 = highest). Its uninsured share of domestic deposits of 102.28% at Q2 2026 is in the highest 5% of the 500 banks reporting it (rank 1 of 500, 1 = highest). Its tier 1 leverage ratio of 5.85% at Q2 2026 is in the lowest 5% of the 500 banks reporting it (rank 500 of 500, 1 = highest).
How large is State Street Bank and Trust Company?
At Q2 2026 the bank held $412.6 bn of assets. Deposits were $326.2 bn and net loans and leases $52.2 bn, a loan-to-deposit ratio of 16.00%. Securities of $107.3 bn made up 26.0% of assets.
Total assets rose 72.4% between Q1 2016 and Q2 2026, from $239.3 bn.
How much of its funding is uninsured?
An estimated 102.28% of domestic deposits were above the FDIC insurance limit at Q2 2026, +1.61 pp from the previous quarter and +0.76 pp from a year earlier. That share ranks 1st among 500 banks reporting this metric (1 = highest).
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $412.6 bn | +11.0% | 12th of 497 |
| Total deposits | $326.2 bn | +12.9% | 11th of 499 |
| Net loans and leases | $52.2 bn | +10.3% | 36th of 500 |
| Bank equity capital | $29.2 bn | +0.1% | 16th of 498 |
| Common equity tier 1 (CET1) ratio | 14.72% | -0.46 pp | 126th of 448 |
| Tier 1 leverage ratio | 5.85% | -0.19 pp | 500th of 500 |
| Return on equity (ROE) | 12.96% | +2.83 pp | 215th of 500 |
| Net interest margin | 1.24% | +0.16 pp | 494th of 500 |
| Uninsured share of domestic deposits | 102.28% | +0.76 pp | 1st of 500 |
| Unrealized gain/loss on held-to-maturity securities | Loss of $4.2 bn | Narrowed by $616.0 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: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q2 2026.
- Total assets $413bn
- Deposits $326bn
- Net loans $52.2bn
Capital and securities
The common equity tier 1 (CET1) ratio was 14.72% at Q2 2026, -0.46 pp from a year earlier. Since Q1 2016 it has ranged from 13.47% (Q1 2021) to 18.51% (Q3 2018). At Q2 2026 the tier 1 leverage ratio was 5.85% and the total risk-based capital ratio 15.21%. The median CET1 ratio of the size peers listed below was 13.34% at Q2 2026.
Held-to-maturity securities had an unrealized loss of $4.2 bn at Q2 2026, measured as fair value minus amortized cost, equal to 14.4% of bank equity capital. The loss narrowed by $616.0 mn from a year earlier. The largest unrealized loss on these securities was $7.8 bn at Q3 2023. Available-for-sale securities showed an unrealized gain of $62.0 mn at Q2 2026; the gain rose by $35.0 mn from a year earlier.
Capital ratios
- Total capital 15%
- CET1 15%
- Tier 1 leverage 5.8%
Unrealized gains and losses on securities
- Available for sale $62mn
- Held to maturity -$4.2bn
Profitability and loan quality
Return on equity was 12.96% for the year to Q2 2026, annualized, with a return on assets of 0.97% and a net interest margin of 1.24%. The margin was +0.16 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 66.12%. Net income for the year to Q2 2026 was $1.9 bn, up 31.1% on the same period a year earlier. The median return on equity of its size peers was 9.73% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.56% of total loans at Q2 2026. Net charge-offs for the year to date were 0.17% of average loans, annualized.
Profitability
- Return on equity 13%
- Net interest margin 1.2%
- Return on assets 1.0%
Compared with banks of similar size
The six banks ranked closest to State Street Bank and Trust Company by total assets at Q2 2026, three above and three below where possible.
Among the seven banks in the table at Q2 2026, State Street Bank and Trust Company is 4th by total assets. Its CET1 ratio of 14.72% compares with a peer median of 13.34%, its tier 1 leverage ratio of 5.85% compares with a peer median of 9.90%, and its return on equity of 12.96% compares with a peer median of 9.73%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| Truist Bank | $548.3 bn | 12.11% | 10.00% | 44.91% | |
| The Bank of New York Mellon | $425.1 bn | 14.56% | 19.63% | 99.26% | |
| Morgan Stanley Bank | $419.3 bn | 18.25% | 15.33% | 43.96% | |
| State Street Bank and Trust Company | $412.6 bn | 14.72% | 12.96% | 102.28% | |
| TD Bank | $342.8 bn | 16.16% | 5.87% | 37.28% | |
| Fifth Third Bank | $299.2 bn | 11.70% | 7.89% | 44.48% | |
| The Huntington National Bank | $283.1 bn | 11.82% | 9.47% | 32.46% | |
Q2 2026. Peer median (the six banks, excluding this one): CET1 13.34%, return on equity 9.73%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
State Street Bank and Trust Company, as reported in its Call Reports.
From Q3 2024 to Q2 2026, total assets rose 23.4% to $412.6 bn, deposits rose 28.2% to $326.2 bn and bank equity capital rose 6.8% to $29.2 bn. Over the same period its full-time equivalent staff went from 50,596 to 48,653 and its offices went from 3 to 3.
| 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 |
| Common equity tier 1 (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 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
Large one-quarter moves
- Total assets changed by +48.3% in the quarter to 2020-03-31, with no FDIC structure event in that quarter.
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 14
- Federal Reserve RSSD ID
- 35301
- Head office
- Boston, Massachusetts
- Holding company
- STATE STREET CORP (as reported to the FDIC)
- Holding company RSSD ID
- 1111435
- Holding company SEC CIK
- 93751
- EconoMonitor ID
- EMB-US-000015
Frequently asked questions
What were State Street Bank and Trust Company's total assets?
$412.6 bn at Q2 2026, according to its Call Report as published by the FDIC. By total assets it ranks 12th among 497 banks reporting this metric (1 = highest).
Is State Street Bank and Trust Company the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 14). Its holding company, STATE STREET CORP (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after State Street Bank and Trust Company files its Call Report and the FDIC publishes it. This page shows Q2 2026, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 14, and in the Call Reports filed under RSSD ID 35301 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Uses community bank leverage ratio framework, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.