道富银行State Street（STT）22025年第一季度财务业绩演示报告「NYSE」（英文版）（22页）.pdf

1、1NYSE:STTApril 17,20252A These are non-GAAP presentations;refer to the Appendix for a reconciliation of ex-notable items and further explanations of non-GAAP measures.Refer to the Appendix included with this presentation for endnotes 1 to 22.All comparisons are to corresponding prior year period unl

2、ess otherwise notedFinancialperformanceTotal revenue of$3.3B,up 5%Fee revenue up 6%,reflecting broad-based strength across the franchise NII flat,as higher investment security yields and continued loan growth were offset by lower average short-end rates and a deposit mix shiftTotal expenses of$2.5B,

3、down(3)%,primarily reflecting the absence of a 1Q24 notable item Up 3%ex-notables reflecting higher business investments,partially offset by savingsA Disciplined execution with ability to manage expenses during periods of uncertainty,while continuing to focus on long-term strategic prioritiesPositiv

4、e operating leverage of 7.2%pts;1.8%pts ex-notables;Positive fee operating leverage of 8.6%pts;3.3%pts ex-notablesAPre-tax margin of 25%;ROE of 11%;ROTCE of 16%AEPS of$2.04,up 49%;up 21%ex-notablesABusinessmomentumInvestment ServicingAUC/A of$46.7T at quarter-end;AUC/A wins of$182B and AUC/A yet to

5、be installed of$3.1T1New servicing fee revenue wins of$55M primarily related to back office wins2Reported 1 new State Street Alpha mandate1Prior investments provide ability to proactively address client needs with innovative solutions and seamless executionInvestment ManagementAUM of$4.7T at quarter

6、-endContinued ETF momentum and market share gains in U.S.Low Cost,as well as inflows across Fixed Income,Gold and EMEA products1Expanded global capabilities and investor access to innovative products,including alternatives,through key partnerships and product launches Balance sheetand capitalStrong