STATE STREET CORP

State Street Corporation announced two executive leadership appointments effective immediately. Mostapha Tahiri, previously Enterprise Chief Operating Officer, is now President of State Street Alpha and will retain his role as Chairman of Asia Pacific. Ann Fogarty, formerly Investment Services Chief Operating Officer, succeeds Mr. Tahiri as Enterprise Chief Operating Officer. Ms. Fogarty's compensation package includes a target incentive award of $5,650,000.

State Street Corporation successfully completed a public offering, issuing and selling 500,000 depositary shares. These shares represent a 1/100th ownership interest in the company's Series L Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock. The offering generated approximately $495.7 million in net proceeds for State Street, after accounting for underwriting discounts and estimated expenses. The Series L Preferred Stock carries a liquidation preference of $100,000 per share, translating to $1,000 per depositary share.

State Street Bank and Trust Company, a wholly-owned subsidiary of State Street Corporation, issued $750 million in 4.701% Senior Notes due 2029 and $500 million in 5.217% Senior Notes due 2034. The total aggregate principal amount of the Bank Notes is $1.25 billion. The offering was exempt from registration under Section 3(a)(2) of the Securities Act of 1933. State Street Bank expects to receive net proceeds of approximately $1.244 billion after deducting discounts and estimated offering expenses.

State Street Corporation reported strong second-quarter 2026 results, with diluted EPS increasing 68% year-over-year to $3.65 and total revenue rising 17% to $4.0 billion. The company achieved record Assets Under Custody and/or Administration (AUC/A) of $57.9 trillion and Assets Under Management (AUM) of $6.3 trillion, driven by market levels and net new business. Reflecting its robust performance, State Street announced a 10% increase in its third-quarter common stock dividend and returned $631 million to shareholders through repurchases and dividends.

State Street Corp. held its Annual Meeting on May 20, 2026, with 86.98% of outstanding shares represented. Shareholders elected all thirteen director nominees, approved the advisory proposal on executive compensation, and ratified Ernst & Young LLP as the independent auditor for 2026. A shareholder proposal requesting an independent Board Chair in the next CEO transition was rejected.

State Street Corporation announced the issuance of $1.5 billion in Fixed-to-Floating Rate Senior Notes through a public offering. This includes $800 million in notes due 2032 and $700 million in notes due 2037. The issuance was made pursuant to a registration statement and related prospectus supplement.

State Street Corp reported strong first-quarter 2026 financial results, with diluted EPS increasing 39% to $2.84. Total revenue rose 16% to $3.8 billion, driven by broad-based strength in fee revenue, which grew 15% to $3.0 billion, and a 17% increase in Net Interest Income to $835 million. The company also achieved record Assets Under Management (AUM) of $5.6 trillion and Assets Under Custody/Administration (AUC/A) of $54.5 trillion, alongside significant net inflows and new mandate wins.