State Street : 2Q 2024 Earnings 2Q24 Financial Tables

	Exhibit 99.2
STATE STREET CORPORATION
EARNINGS RELEASE ADDENDUM
June 30, 2024
Table of Contents
GAAP-Basis Financial Information:
4-Year Summary of Results	2
Consolidated Results of Operations	3
Consolidated Statement of Condition	5
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis	6
Average Statement of Condition - Rates Earned and Paid - Fully Taxable-Equivalent Basis - Year-to-Date	7
Selected Average Balances by Currency - Rates Earned and Paid	8
Investment Portfolio Holdings by Asset Class	9
Investment Portfolio Non-U.S. Investments	11
Assets Under Custody and/or Administration	12
Assets Under Management	13
Industry Flow Data by Asset Class	14
Line of Business Information	15
Allowance for Credit Losses	16
Non-GAAP Financial Information:
Reconciliations of Non-GAAP Financial Information	17
Reconciliation of Pre-tax Margin Excluding Notable Items	20
Reconciliations of Constant Currency FX Impacts	21
Capital:
Reconciliations of Tangible Book Value per Share and Return on Tangible Common Equity	22
Regulatory Capital	23

This financial information should be read in conjunction with State Street's news release dated July 16, 2024.

STATE STREET CORPORATION EARNINGS RELEASE ADDENDUM 4-YEAR SUMMARY OF RESULTS

(Dollars in millions, except per share amounts, or where otherwise noted)			2020			2021			2022
Year ended December 31:
Total fee revenue	$	9,499	$	10,012	$	9,606
Net interest income			2,200			1,905			2,544
Other income			4			110			(2)
Total revenue			11,703			12,027			12,148
Provision for credit losses			88			(33)			20
Total expenses			8,716			8,889			8,801
Income before income tax expense			2,899			3,171			3,327
Income tax expense			479			478			553
Net income			2,420			2,693			2,774
Net income available to common shareholders	$	2,257	$	2,572	$	2,660
Per common share:
Diluted earnings per common share	$	6.32	$	7.19	$	7.19
Average diluted common shares outstanding (in thousands)			357,106			357,962			370,109
Cash dividends declared per common share	$	2.08	$	2.18	$	2.40
Closing price per share of common stock (at year end)			72.78			93.00			77.57
Average balance sheet:
Investment securities	$	109,175	$	111,730	$	111,929
Total assets			269,334			299,743			286,430
Total deposits			193,225			235,404			222,874
Ratios and other metrics:
Return on average common equity			10.0 %			10.7 %			11.1 %
Pre-tax margin			24.8			26.4			27.4
Pre-tax margin, excluding notable items(1)			26.3			27.6			28.4
Net interest margin, fully taxable-equivalent basis			0.97			0.74			1.03
Common equity tier 1 ratio(2)(3)			12.3			14.3			13.6
Tier 1 capital ratio(2)(3)			14.4			16.1			15.4
Total capital ratio(2)(3)			15.3			17.5			16.8
Tier 1 leverage ratio(2)			6.4			6.1			6.0
Supplementary leverage ratio(2)			8.1			7.4			7.0
Assets under custody and/or administration (in trillions)	$	38.79	$	43.68	$	36.74
Assets under management (in trillions)			3.47			4.14			3.48

1. Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of pre-tax margin excluding notable items for details.
2. The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end.
3. The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches.

2023

• 9,480
  2,759
  (294)

11,945

46

9,583

2,316

372

1,944

• 1,821

• 5.58
  326,568

• 2.64
  77.46

• 105,765
  274,696
  205,111

8.2 %

19.4

26.4

1.20

11.6

13.4

15.2

5.5

6.2

• 41.81
  4.13

2

STATE STREET CORPORATION

EARNINGS RELEASE ADDENDUM

CONSOLIDATED RESULTS OF OPERATIONS

									Quarters										% Change			Year-to-Date		% Change
(Dollars in millions, except per share amounts, or where otherwise																			2Q24			2Q24								YTD2024
	1Q23			2Q23			3Q23			4Q23			1Q24			2Q24		vs.			vs.			2023			2024		vs.
noted)														2Q23			1Q24						YTD2023
Fee revenue:
Back office servicing fees	$	1,131	$	1,164	$	1,138	$	1,128	$	1,136	$	1,146	(1.5)%	0.9 %	$	2,295	$	2,282	(0.6)%
Middle office services		86			95			96			84			92			93	(2.1)	1.1			181			185	2.2
Servicing fees		1,217			1,259			1,234			1,212			1,228			1,239	(1.6)	0.9			2,476			2,467	(0.4)
Management fees		457			461			479			479			510			511	10.8	0.2			918			1,021	11.2
Foreign exchange trading services		342			303			313			307			331			336	10.9	1.5			645			667	3.4
Securities finance		109			117			103			97			96			108	(7.7)	12.5			226			204	(9.7)
Front office software and data		109			162			130			179			144			152	(6.2)	5.6			271			296	9.2
Lending related and other fees		56			59			58			58			63			62	5.1	(1.6)			115			125	8.7
Software and processing fees		165			221			188			237			207			214	(3.2)	3.4			386			421	9.1
Other fee revenue		45			58			44			33			50			48	(17.2)	(4.0)			103			98	(4.9)
Total fee revenue		2,335			2,419			2,361			2,365			2,422			2,456	1.5	1.4			4,754			4,878	2.6
Net interest income:
Interest income		2,027			2,232			2,328			2,593			2,889			2,998	34.3	3.8			4,259			5,887	38.2
Interest expense		1,261			1,541			1,704			1,915			2,173			2,263	46.9	4.1			2,802			4,436	58.3
Net interest income		766			691			624			678			716			735	6.4	2.7			1,457			1,451	(0.4)
Other income:
Gains (losses) related to investment securities, net		-			-			(294)			-			-			-		-			-			-			-		-
Total other income		-			-			(294)			-			-			-		-			-			-			-		-
Total revenue		3,101			3,110			2,691			3,043			3,138			3,191	2.6	1.7			6,211			6,329	1.9
Provision for credit losses		44			(18)			-			20			27			10		nm	(63.0)			26			37	42.3
Expenses:
Compensation and employee benefits		1,292			1,123			1,082			1,247			1,252			1,099	(2.1)	(12.2)			2,415			2,351	(2.7)
Information systems and communications		414			405			411			473			432			454	12.1	5.1			819			886	8.2
Transaction processing services		239			235			241			242			248			250	6.4	0.8			474			498	5.1
Occupancy		94			103			101			128			103			106	2.9	2.9			197			209	6.1
Acquisition and restructuring costs		-			-			-			(15)			-			-		-			-			-			-		-
Amortization of other intangible assets		60			60			60			59			60			60		-			-			120			120		-
Other		270			286			285			688			418			300	4.9	(28.2)			556			718	29.1
Total expenses		2,369			2,212			2,180			2,822			2,513			2,269	2.6	(9.7)			4,581			4,782	4.4
Income before income tax expense		688			916			511			201			598			912	(0.4)	52.5			1,604			1,510	(5.9)
Income tax expense		139			153			89			(9)			135			201	31.4	48.9			292			336	15.1
Net income	$	549	$	763	$	422	$	210	$	463	$	711	(6.8)	53.6	$	1,312	$	1,174	(10.5)

3

STATE STREET CORPORATION

EARNINGS RELEASE ADDENDUM

CONSOLIDATED RESULTS OF OPERATIONS (Continued)

Quarters

% Change

(Dollars in millions, except per share amounts, or where otherwise

2Q24

2Q24

1Q23

2Q23

3Q23

4Q23

1Q24

2Q24

vs.

vs.

noted)

2Q23

1Q24

Adjustments to net income:

Year-to-Date		% Change
				YTD2024
2023		2024		vs.
	YTD2023

Dividends on preferred stock	$	(23)	$	(37)	$	(24)	$	(38)	$	(45)	$	(55)	(48.6)%	(22.2)%
Earnings allocated to participating securities		(1)			-			-			-			-			(1)	-	-
Net income available to common shareholders	$	525	$	726	$	398	$	172	$	418	$	655	(9.8)	56.7
Per common share:																		(0.9)	58.0
Basic earnings	$	1.54	$	2.20	$	1.27	$	0.56	$	1.38	$	2.18
Diluted earnings		1.52			2.17			1.25			0.55			1.37			2.15	(0.9)	56.9
Average common shares outstanding (in thousands):
Basic		341,106			329,383			313,147			306,198			301,991			300,564	(8.7)	(0.5)
Diluted		345,472			333,540			317,329			310,419			305,943			304,765	(8.6)	(0.4)
Cash dividends declared per common share	$	0.63	$	0.63	$	0.69	$	0.69	$	0.69	$	0.69	9.5	-
Closing price per share of common stock (as of quarter end)		75.69			73.18			66.96			77.46			77.32			74.00	1.1	(4.3)
Book value per common share	$	67.69	$	69.01	$	70.14	$	72.27	$	72.85	$	74.50	8.0	2.3
Tangible book value per common share(1)		42.34			42.68			43.07			44.22			45.06			46.10	8.0	2.3
Balance sheet averages:	$	107,089	$	107,550	$	104,995	$	103,474	$	101,318	$	105,098	(2.3)	3.7
Investment securities
Total assets		277,492			274,972			267,727			278,659			298,570			306,298	11.4	2.6
Total deposits		210,320			205,831			197,869			206,544			218,892			220,881	7.3	0.9
Ratios and other metrics:
Effective tax rate		20.2 %			16.7 %			17.4 %			(4.4)%			22.5 %			22.1 %	5.4 % pts	(0.4)% pts
Return on average common equity		9.3			13.0			7.3			3.1			7.7			11.9	(1.1)	4.2
Return on average tangible common equity(2)		14.6			18.0			16.5			13.6			12.4			15.8	(2.2)	3.4
Pre-tax margin		22.2			29.5			19.0			6.6			19.1			28.6	(0.9)	9.5
Pre-tax margin, excluding notable items(3)		22.2			29.5			27.0			27.0			23.2			28.6	(0.9)	5.4
Net interest margin, fully taxable-equivalent basis		1.31			1.19			1.12			1.16			1.13			1.13	(0.06)	-
Common equity tier 1 ratio(4)(5)		12.1			11.8			11.0			11.6			11.1			11.2	(0.6)	0.1
Tier 1 capital ratio(4)(5)		13.8			13.6			12.7			13.4			13.2			13.3	(0.3)	0.1
Total capital ratio(4)(5)		15.2			14.9			14.0			15.2			14.9			15.0	0.1	0.1
Tier 1 leverage ratio(4)		6.0			5.8			5.8			5.5			5.4			5.3	(0.5)	(0.1)
Supplementary leverage ratio(4)		6.8			6.4			6.3			6.2			6.5			6.3	(0.1)	(0.2)
End-of-period securities on loan(6)	$	362,438	$	290,515	$	280,408	$	293,331	$	339,940	$	339,111	16.7 %	(0.2)%
Assets under custody and/or administration (in billions)		37,635			39,589			40,017			41,810			43,912			44,312	11.9	0.9
Assets under management (in billions)		3,618			3,797			3,687			4,128			4,336			4,415	16.3	1.8

$	(60)	$	(100)
	(1)			(1)
$	1,251		$	1,073
$	3.73	$	3.56
	3.68			3.52
	335,212			301,278
	339,473			305,354
$	1.26	$	1.38

73.18 74.00

$ 69.01 $ 74.50

42.68 46.10

• 107,321 $ 103,208
  276,225 302,434
  208,063 219,886

18.2 %	22.3 %
11.1	9.8
17.7	15.9
25.8	23.9
25.8	25.9
1.25	1.13
11.8	11.2
13.6	13.3
14.9	15.0
5.8	5.3
6.4	6.3
$ 290,515	$ 339,111
39,589	44,312
3,797	4,415

(66.7)%

-

(14.2)

(4.6) (4.3)

(10.1)

(10.1)

9.5

1.1

8.0

8.0

(3.8)

9.5

5.7

4.1 % pts (1.3)

(1.8) (1.9) 0.1 (0.12) (0.6) (0.3) 0.1 (0.5) (0.1)

16.7 %

11.9

16.3

1. Tangible book value per common share is calculated by dividing the period end tangible common equity (non-GAAP) by the total common shares outstanding at period end. Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details.
2. Return on tangible common equity is calculated by dividing year-to-date annualized net income available to common shareholders (GAAP-basis) by average tangible common equity (non-GAAP). Refer to the Reconciliations of Tangible Book Value per Common Share and Return on Tangible Common Equity page for details.
3. Notable items include acquisition and restructuring costs, repositioning charges and legal and other notable items. Refer to Reconciliations of non-GAAP Financial Information pages for details.
4. The capital ratios presented are calculated in conformity with the applicable regulatory guidance in effect as of each period end. Capital ratios as of June 30, 2024 are estimates.
5. The reportable ratios represent the lower of each of the risk-based capital ratios under both the Standardized Approach and the Advanced Approaches. Refer to Regulatory Capital for details on Standardized and Advanced Approaches ratios.
6. Average securities on loan were $355,150 million, $298,145 million, $283,855 million and $283,048 million in the first, second, third and fourth quarters of 2023, respectively, and $301,247 million and $334,675 million in the first and second quarters of 2024, respectively.

nm Denotes not meaningful

4

STATE STREET CORPORATION

EARNINGS RELEASE ADDENDUM

CONSOLIDATED STATEMENT OF CONDITION

									As of									% Change
																				2Q24	2Q24
(Dollars in millions, except per share amounts)		March 31, 2023			June 30, 2023		September 30, 2023		December 31, 2023			March 31, 2024			June 30, 2024		vs.	vs.
										2Q23	1Q24
Assets:
Cash and due from banks	$	3,698	$	3,930	$	4,009	$	4,047	$	3,413	$	2,898	(26.3)%			(15.1)%
Interest-bearing deposits with banks, net		87,935			86,048			76,756			87,665			125,486			99,876	16.1			(20.4)
Securities purchased under resale agreements		1,134			1,668			1,816			6,692			7,489			6,340		nm	(15.3)
Trading account assets		695			715			725			773			760			780	9.1			2.6
Investment securities:
Investment securities available-for-sale, net		42,841			43,046			41,546			44,526			48,640			56,755	31.8			16.7
Investment securities held-to-maturity, net(1)		65,027			63,510			61,956			57,117			52,914			51,051	(19.6)			(3.5)
Total investment securities		107,868			106,556			103,502			101,643			101,554			107,806	1.2			6.2
Loans		33,916			34,123			35,436			36,631			38,635			39,376	15.4			1.9
Allowance for credit losses on loans(2)		115			120			119			135			135			136	13.3			0.7
Loans, net		33,801			34,003			35,317			36,496			38,500			39,240	15.4			1.9
Premises and equipment, net(3)		2,337			2,349			2,334			2,399			2,479			2,539	8.1			2.4
Accrued interest and fees receivable		3,570			3,732			3,874			3,806			4,014			4,066	8.9			1.3
Goodwill		7,530			7,544			7,487			7,611			7,582			7,751	2.7			2.2
Other intangible assets		1,493			1,435			1,363			1,320			1,258			1,209	(15.7)			(3.9)
Other assets		40,755			46,581			47,232			44,806			45,468			53,098	14.0			16.8
Total assets	$	290,816		$	294,561		$	284,415		$	297,258		$	338,003		$	325,603	10.5			(3.7)
Liabilities:
Deposits:
Non-interest-bearing	$	45,856	$	36,455	$	35,824	$	32,569	$	37,367	$	34,519	(5.3)			(7.6)
Interest-bearing - U.S.		108,623			122,676			118,561			121,738			148,485			140,983	14.9			(5.1)
Interest-bearing - Non-U.S.		69,152			63,185			58,616			66,663			66,032			63,658	0.7			(3.6)
Total deposits(4)		223,631			222,316			213,001			220,970			251,884			239,160	7.6			(5.1)
Securities sold under repurchase agreements		3,695			4,294			3,097			1,867			3,576			2,716	(36.7)			(24.0)
Other short-term borrowings		8			53			8			3,660			11,541			13,571		nm	17.6
Accrued expenses and other liabilities		22,427			26,516			26,124			28,123			26,823			25,657	(3.2)			(4.3)
Long-term debt		16,305			17,178			18,564			18,839			19,746			19,737	14.9			-
Total liabilities		266,066			270,357			260,794			273,459			313,570			300,841	11.3			(4.1)
Shareholders' equity:
Preferred stock, no par, 3,500,000 shares authorized:
Series D, 7,500 shares issued and outstanding		742			742			742			742			-			-		nm	nm
Series F, 2,500 shares issued and outstanding		247			247			247			247			-			-		nm	nm
Series G, 5,000 shares issued and outstanding		493			493			493			493			493			493		-	-
Series H, 5,000 shares issued and outstanding		494			494			494			494			494			494		-	-
Series I, 15,000 shares issued and outstanding		-			-			-			-			1,481			1,481		nm	-
Common stock, $1 par, 750,000,000 shares authorized(5)(6)		504			504			504			504			504			504		-	-
Surplus		10,724			10,729			10,735			10,741			10,724			10,721	(0.1)			-
Retained earnings		27,342			27,808			27,993			27,957			28,166			28,615	2.9			1.6
Accumulated other comprehensive income (loss)		(3,272)			(3,258)			(3,045)			(2,354)			(2,369)			(2,314)	29.0			2.3
Treasury stock, at cost(7)		(12,524)			(13,555)			(14,542)			(15,025)			(15,060)			(15,232)	(12.4)			(1.1)
Total shareholders' equity		24,750			24,204			23,621			23,799			24,433			24,762	2.3			1.3
Total liabilities and equity	$	290,816		$	294,561		$	284,415		$	297,258		$	338,003		$	325,603	10.5			(3.7)
		$	59,139	$	56,863	$	54,121	$	51,503	$	46,823	$	44,916
(1) Fair value of investment securities held-to-maturity
(2) Total allowance for credit losses including off-balance sheet commitments		162			136			134			150			146			145
(3) Accumulated depreciation for premises and equipment		5,918			6,035			6,148			6,062			6,193			6,318
(4) Average total deposits		210,320			205,831			197,869			206,544			218,892			220,881
(5) Common stock shares issued		503,879,642			503,879,642			503,879,642			503,879,642			503,879,642			503,879,642
(6) Total common shares outstanding		336,461,072			322,101,110			308,583,511			301,944,043			301,504,470			299,231,005
(7) Treasury stock shares		167,418,570			181,778,532			195,296,131			201,935,599			202,375,172			204,648,637
nm Denotes not meaningful

5

STATE STREET CORPORATION

EARNINGS RELEASE ADDENDUM

AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS(1)

The following table presents average rates earned and paid, on a fully taxable-equivalent basis, on consolidated average interest-earning assets and average interest-bearing liabilities for the quarters indicated. Tax-equivalent adjustments were calculated using a federal income tax rate of 21%, adjusted for applicable state income taxes, net of related federal benefit.

																		Quarters															% Change
																																						2Q24		2Q24
			1Q23				2Q23				3Q23				4Q23				1Q24				2Q24			vs.		vs.
																				2Q23		1Q24
(Dollars in millions; fully-taxable equivalent basis)		Average	Average			Average	Average			Average	Average			Average	Average			Average	Average			Average	Average		Average		Average
	balance	rates			balance	rates			balance	rates			balance	rates			balance	rates			balance	rates		balance		balance
Assets:
Interest-bearing deposits with banks, net	$	77,220			3.37 %	$	69,079			4.05 %	$	62,514			4.40 %	$	70,873			4.69 %	$	90,230			4.45 %	$	87,894			4.25 %	27.2 %	(2.6)%
Securities purchased under resale agreements(2)		1,643			18.94			1,634			19.82			1,639			15.75			2,138			16.56			6,118			10.97			6,558			10.17		nm	7.2
Trading account assets		667			-			704			-			728			-			745			-			767			-			779			-	10.7	1.6
Investment securities:
Investment securities available-for-sale, net		42,101			3.31			43,409			3.76			42,341			4.39			43,537			4.84			46,497			4.93			53,204			5.06	22.6	14.4
Investment securities held-to-maturity, net		64,988			1.97			64,141			1.99			62,654			2.00			59,937			2.05			54,821			2.14			51,894			2.14	(19.1)	(5.3)
Total investment securities		107,089			2.50			107,550			2.71			104,995			2.97			103,474			3.23			101,318			3.42			105,098			3.62	(2.3)	3.7
Loans(3)		33,517			4.80			34,235			5.18			34,525			5.65			36,887			5.72			37,747			5.82			38,703			5.85	13.1	2.5
Other interest-earning assets		17,393			5.71			18,783			6.09			18,089			6.60			18,117			6.59			18,153			6.92			22,708			6.92	20.9	25.1
Total interest-earning assets		237,529			3.46			231,985			3.86			222,490			4.16			232,234			4.43			254,333			4.57			261,740			4.61	12.8	2.9
Cash and due from banks		3,639						3,893						3,742						4,418						4,608						2,861				(26.5)	(37.9)
Other non-interest-earning assets		36,324						39,094						41,495						42,007						39,629						41,697				6.7	5.2
Total assets	$	277,492				$	274,972				$	267,727				$	278,659				$	298,570				$	306,298				11.4	2.6
Liabilities:
Interest-bearing deposits:
U.S.	$	105,261			3.00 %	$	109,015			3.48 %	$	110,343			3.83 %	$	116,077			4.06 %	$	129,846			4.22 %	$	132,162			4.15 %	21.2	1.8
Non-U.S.		66,356			1.07			64,838			1.54			58,808			1.80			60,856			2.11			62,087			1.80			63,767			1.72	(1.7)	2.7
Total interest-bearing deposits(4)		171,617			2.25			173,853			2.75			169,151			3.13			176,933			3.39			191,933			3.44			195,929			3.36	12.7	2.1
Securities sold under repurchase agreements		4,409			0.84			4,266			1.25			3,908			0.61			3,048			0.70			3,122			5.06			3,404			5.07	(20.2)	9.0
Federal funds purchased		-	-			-	-			-	-			1			5.48			-	-			-	-		nm		nm
Other short-term borrowings		1,278			3.78			1,965			4.11			324			2.68			1,183			3.11			8,314			4.85			13,073			5.15		nm	57.2
Long-term debt		15,865			4.64			16,735			5.00			18,117			5.33			18,663			5.43			18,944			5.44			19,694			5.44	17.7	4.0
Other interest-bearing liabilities		3,078			13.49			3,595			11.74			4,267			11.37			4,606			11.66			4,430			12.29			4,753			12.57	32.2	7.3
Total interest-bearing liabilities		196,247			2.61			200,414			3.09			195,767			3.45			204,434			3.72			226,743			3.85			236,853			3.84	18.2	4.5
Non-interest-bearing deposits(5)		38,703						31,978						28,718						29,611						26,959						24,952				(22.0)	(7.4)
Other non-interest-bearing liabilities		17,691						18,195						19,516						20,855						20,233						19,964				9.7	(1.3)
Preferred shareholders' equity		1,976						1,976						1,976						1,976						2,785						2,468				24.9	(11.4)
Common shareholders' equity		22,875						22,409						21,750						21,783						21,850						22,061				(1.6)	1.0
Total liabilities and shareholders' equity	$	277,492					$	274,972					$	267,727					$	278,659					$	298,570					$	306,298				11.4	2.6
Total deposits	$	210,320				$	205,831				$	197,869				$	206,544				$	218,892				$	220,881				7.3	0.9
Excess of rate earned over rate paid					0.86 %						0.77 %						0.70 %						0.71 %						0.72 %						0.77 %
Net interest margin
				1.31 %						1.19 %						1.12 %						1.16 %						1.13 %						1.13 %
Net interest income, fully taxable-equivalent basis
		$	768				$	691				$	626				$	679				$	717				$	736
Tax-equivalent adjustment					(2)						-						(2)						(1)						(1)						(1)
Net interest income, GAAP-basis(4)		$	766			$	691			$	624			$	678			$	716			$	735

1. Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable.
2. Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $117 billion, $140 billion, $138 billion and $167 billion in the first, second, third and fourth quarters of 2023, respectively, and approximately $172 billion and $180 billion in the first and second quarters of 2024, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.26%, 0.23%, 0.19% and 0.21% in the first, second, third and fourth quarters of 2023, respectively, and approximately 0.38% and 0.36% in the first and second quarters of 2024, respectively.
3. Average loans are presented on a gross basis. Average loans net of expected credit losses were approximately $33,422 million, $34,124 million, $34,407 million and $36,771 million in the first, second, third and fourth quarters of 2023 and approximately $37,626 million and $38,573 million in the first and second quarters of 2024, respectively.
4. Average rates includes the impact of FX swap expense of approximately ($5) million, $22 million, $24 million and $13 million in the first, second, third and fourth quarters of 2023, respectively, and approximately ($49) million and ($64) million in the first and second quarters of 2024, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap expense were approximately 2.26%, 2.70%, 3.07% and 3.36% in the first, second, third and fourth quarters of 2023, respectively, and approximately 3.54% and 3.49% in the first and second quarters of 2024, respectively.
5. Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars.

nm Denotes not meaningful

6

STATE STREET CORPORATION

EARNINGS RELEASE ADDENDUM

AVERAGE STATEMENT OF CONDITION - RATES EARNED AND PAID - FULLY TAXABLE-EQUIVALENT BASIS - YEAR TO DATE(1)

The following table presents consolidated average interest-earning assets, average interest-bearing liabilities and related average rates earned and paid, respectively, for the years indicated, on a fully taxable-equivalent basis, which is a non-GAAP measure. Tax- equivalent adjustments were calculated using a federal income tax rate of 21% for periods ending in 2023 and 2024, adjusted for applicable state income taxes, net of related federal benefit.

						Year-to-Date						% Change
			2023				2024			YTD2024 vs YTD2023
(Dollars in millions; fully-taxable equivalent basis)			Average balance			Average rates			Average balance			Average rates		Average balance
Assets:
Interest-bearing deposits with banks, net	$	73,127			3.69 %	$	89,062			4.36 %	21.8 %
Securities purchased under resale agreements(2)		1,638			19.38			6,338			10.58		nm
Trading account assets		685			-			773			-	12.8
Investment securities:
Investment securities available-for-sale, net		42,759			3.54			49,850			5.00	16.6
Investment securities held-to-maturity, net		64,562			1.98			53,358			2.14	(17.4)
Total investment securities		107,321			2.60			103,208			3.52	(3.8)
Loans(3)		33,878			5.00			38,225			5.84	12.8
Other interest-earning assets		18,092			5.91			20,430			6.92	12.9
Total interest-earning assets		234,741			3.66			258,036			4.59	9.9
Cash and due from banks		3,767						3,734				(0.9)
Other non-interest-earning assets		37,717						40,664				7.8
Total assets	$	276,225				$	302,434				9.5
Liabilities:
Interest-bearing deposits:
U.S.	$	107,148			3.24	$	131,004			4.19	22.3
Non-U.S.		65,593			1.30			62,927			1.76	(4.1)
Total interest-bearing deposits(4)		172,741			2.51			193,931			3.41	12.3
Securities sold under repurchase agreements		4,337			1.04			3,263			5.07	(24.8)
Other short-term borrowings		1,623			3.99			10,694			5.05		nm
Long-term debt		16,302			4.83			19,319			5.44	18.5
Other interest-bearing liabilities		3,339			12.54			4,591			12.43	37.5
Total interest-bearing liabilities		198,342			2.85			231,798			3.85	16.9
Non-interest-bearing deposits(5)		35,322						25,955				(26.5)
Other non-interest-bearing liabilities		17,943						20,098				12.0
Preferred shareholders' equity		1,976						2,626				32.9
Common shareholders' equity		22,642						21,957				(3.0)
Total liabilities and shareholders' equity	$	276,225					$	302,434				9.5
Total deposits	$	208,063				$	219,886				5.7
Excess of rate earned over rate paid					0.81 %						0.74 %
Net interest margin
				1.25 %						1.13 %
Net interest income, fully taxable-equivalent basis
		$	1,460				$	1,453
Tax-equivalent adjustment					(3)						(2)
Net interest income, GAAP-basis(4)		$	1,457			$	1,451

1. Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable.
2. Reflects the impact of balance sheet netting under enforceable netting agreements of approximately $128 billion and $176 billion as of June 30, 2023 and 2024, respectively. Excluding the impact of netting, the average interest rates would be approximately 0.24% and 0.37% for the six months ended June 30, 2023 and 2024, respectively.
3. Average loans are presented on a gross basis. Average loans net of expected credit losses as of June 30, 2023 and 2024 was approximately $33,775 million and $38,100 million, respectively.
4. Average rates include the impact of FX swap cost of approximately $16 million and ($112) million for the six months ended June 30, 2023 and 2024, respectively. Average rates for total interest-bearing deposits excluding the impact of FX swap cost were 2.49% and 3.51% for the six months ended June 30, 2023 and 2024, respectively.
5. Average non-interest-bearing deposits are primarily composed of deposit balances denominated in U.S. dollars.

nm Denotes not meaningful

7

STATE STREET CORPORATION

EARNINGS RELEASE ADDENDUM

SELECTED AVERAGE BALANCES BY CURRENCY - RATES EARNED AND PAID(1)

															2Q24
			USD				EUR				GBP				Other				Total
(Dollars in millions, except where otherwise noted)			Average	Average			Average	Average			Average	Average			Average	Average			Average	Average
	Balance			Rates			Balance			Rates			Balance			Rates			Balance			Rates			Balance			Rates
Interest-bearing deposits with banks	$	38,412			5.56 %	$	26,820			3.85 %	$	6,609			5.15 %	$	16,053			1.41 %	$	87,894			4.25 %
Total investment securities		85,209			3.63			8,891			2.68			4,701			4.35			6,297			4.25			105,098			3.62
Loans		31,156			5.82			5,614			5.88			1,239			6.85			694			5.34			38,703			5.85
Total other interest-earning assets(2)		27,570			7.77			135			3.25			51			6.59			2,289			3.87			30,045			7.45
Total interest-earning assets	$	182,347			5.05		$	41,460			3.87		$	12,600			5.04		$	25,333			2.45		$	261,740			4.61
Total interest-bearing deposits(3)(4)
$	128,122			4.45	$	35,166			2.16	$	11,313			1.70	$	21,328			(0.32)	$	195,929			3.36
Central Bank Rate(5)					5.50						3.93						5.25
															1Q24
			USD				EUR				GBP				Other				Total
(Dollars in millions, except where otherwise noted)			Average	Average			Average	Average			Average	Average			Average	Average			Average	Average
	Balance			Rates			Balance			Rates			Balance			Rates			Balance			Rates			Balance			Rates
Interest-bearing deposits with banks	$	44,424			5.54 %	$	25,275			3.83 %	$	6,941			5.11 %	$	13,590			1.70 %	$	90,230			4.45 %
Total investment securities		81,305			3.45			8,901			2.55			4,161			3.87			6,951			3.94			101,318			3.42
Loans		30,599			5.86			5,450			5.45			1,105			7.02			593			4.52			37,747			5.82
Total other interest-earning assets(2)		22,662			8.14			111			3.99			63			5.90			2,202			3.41			25,038			7.70
Total interest-earning assets	$	178,990			4.98		$	39,737			3.77		$	12,270			4.87		$	23,336			2.61		$	254,333			4.57
Total interest-bearing deposits(3)(4)
$	127,920			4.45	$	33,145			2.20	$	11,411			1.78	$	19,457			(0.15)	$	191,933			3.44
Central Bank Rate(5)					5.50						4.00						5.25
															2Q23
			USD				EUR				GBP				Other				Total
(Dollars in millions, except where otherwise noted)			Average	Average			Average	Average			Average	Average			Average	Average			Average	Average
	Balance			Rates			Balance			Rates			Balance			Rates			Balance			Rates			Balance			Rates
Interest-bearing deposits with banks	$	29,415			5.20 %	$	22,458			3.16 %	$	6,757			4.27 %	$	10,449			2.56 %	$	69,079			4.05 %
Total investment securities		86,066			2.88			9,476			1.49			4,553			2.23			7,455			2.54			107,550			2.71
Loans		27,472			5.27			5,084			4.79			1,016			5.04			663			4.66			34,235			5.18
Total other interest-earning assets(2)		18,962			7.35			312			3.46			172			4.46			1,675			3.28			21,121			6.95
Total interest-earning assets	$	161,915			4.24		$	37,330			2.96		$	12,498			3.60		$	20,242			2.68		$	231,985			3.86
Total interest-bearing deposits(3)(4)
$	106,393			3.74	$	32,670			1.32	$	12,422			1.06	$	22,368			1.11	$	173,853			2.75
Central Bank Rate(5)					5.16						3.20						4.44

1. Average rates earned and paid on interest-earning assets and interest-bearing liabilities include the impact of hedge activities associated with our asset and liability management activities where applicable.
2. Average total other interest-earning assets include securities purchased under resale agreements, trading account assets and other interest-earning assets. Refer to average statement of condition - rates earned and paid - full taxable-equivalent basis for details.
3. Average rates for interest-bearing deposit balances denominated in U.S. dollars include both client and wholesale deposits.
4. FX swap costs for interest-bearing deposits are included in other currencies.
5. Central Bank Rate represents the quarterly average Federal Funds Target Rate for USD, European Central Bank Deposit Facility Rate for EUR, and the Bank of England's Bank Rate for GBP.

8

STATE STREET CORPORATION

EARNINGS RELEASE ADDENDUM

INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS

															Quarters
			1Q23			2Q23			3Q23			4Q23			1Q24			2Q24
(Dollars in billions, except where otherwise noted)		Average		Average		Average		Average		Average		Average		Average		Average		Average		Average		Average		Average
	Balance		Rate			Balance		Rate			Balance		Rate			Balance		Rate			Balance		Rate		Balance		Rate
Available-for-sale investment securities:
Government & agency securities	$	23.1	2.74 %	$	24.0	3.20 %	$	23.2	3.82 %	$	23.1	4.25 %	$	25.1	4.44 %	$	31.4	4.73 %
Asset-backed securities		5.9	4.43			5.8	5.06			5.9	5.63			6.6	5.67			6.9	5.61			7.2	5.68
Student loans		0.1	7.04			0.1	6.46			0.1	6.82			0.1	6.87			0.1	7.42			0.1	7.02
Credit cards		0.1	5.40			0.1	5.78			0.1	6.26			0.1	6.35			0.1	6.24			0.1	6.21
Auto & equipment		0.6	2.74			0.4	3.41			0.6	4.06			0.8	4.22			0.9	4.51			1.0	4.63
Non-U.S. residential mortgage backed securities		1.6	4.00			1.6	4.45			1.5	5.10			1.7	5.07			2.0	5.24			2.2	5.61
Collateralized loan obligation		3.2	4.91			3.3	5.60			3.4	6.18			3.6	6.30			3.6	6.08			3.6	6.04
Other		0.3	3.36			0.4	4.12			0.2	3.91			0.3	4.78			0.2	4.72			0.2	4.63
Mortgage-backed securities		2.2	3.72			2.9	4.53			3.7	4.88			4.7	5.52			5.6	5.44			5.9	5.48
Agency MBS		2.2	3.72			2.9	4.53			3.7	4.88			4.7	5.52			5.6	5.44			5.9	5.48
CMBS		6.9	4.60			6.6	5.26			6.1	5.73			5.9	5.88			5.6	5.81			5.4	5.75
Corporate bonds		2.3	2.39			2.4	2.65			2.2	3.05			2.5	4.18			2.7	4.34			2.6	4.53
Covered bonds		-	0.65			-	0.69			-	0.66			-	0.65			-	3.63			0.1	4.84
Municipal bonds		0.5	2.91			0.6	0.89			0.5	3.29			0.4	3.41			0.2	2.78			0.2	2.80
Clipper tax-exempt bonds		0.3	4.40			0.2	4.67			0.2	4.45			0.1	4.45			0.1	4.41			0.1	4.52
Other		0.9		2.83			0.9		1.79			0.5		3.93			0.2		10.19			0.3		8.51			0.3		9.44
Total available-for-sale portfolio	$	42.1		3.31		$	43.4		3.76		$	42.3		4.39		$	43.5		4.84		$	46.5		4.93		$	53.2		5.06
			1Q23			2Q23			3Q23			4Q23			1Q24			2Q24
(Dollars in billions, except where otherwise noted)		Average		Average		Average		Average		Average		Average		Average		Average		Average		Average		Average		Average
	Balance		Rate			Balance		Rate			Balance		Rate			Balance		Rate			Balance		Rate		Balance		Rate
Held-to-maturity investment securities:
Government & agency securities	$	18.8	0.88 %	$	18.9	0.88 %	$	18.5	0.87 %	$	16.9	0.92 %	$	12.7	0.96 %	$	10.8	0.88 %
Asset-backed securities		3.8	5.37			3.7	5.73			3.5	6.02			3.4	6.19			3.1	6.15			3.0	6.15
Student loans		3.8	5.37			3.7	5.73			3.5	6.02			3.4	6.19			3.1	6.15			3.0	6.15
Mortgage-backed securities		37.1	2.23			36.3	2.22			35.4	2.21			34.4	2.22			33.8	2.25			32.9	2.23
Agency MBS		37.1	2.23			36.3	2.21			35.4	2.20			34.4	2.22			33.8	2.24			32.9	2.22
Non-agency MBS		-	16.04			-	18.87			-	20.90			-	(12.34)			-	47.98			-	50.62
CMBS		5.3	1.93			5.2	1.94			5.3	1.94			5.2	1.93			5.2	1.93			5.2	1.91
Total held-for-maturity portfolio	$	65.0		1.97		$	64.1		1.99		$	62.7		2.00		$	59.9		2.05		$	54.8		2.14		$	51.9		2.14
Total investment securities
$	107.1		2.50		$	107.5		2.71		$	105.0		2.97		$	103.4		3.23		$	101.3		3.42		$	105.1		3.62

9

STATE STREET CORPORATION

EARNINGS RELEASE ADDENDUM

INVESTMENT PORTFOLIO HOLDINGS BY ASSET CLASS (continued)

												Ratings
																												Net Unrealized Pre-		Fixed Rate/
(Dollars in billions, or where otherwise noted)		UST/AGY			AAA			AA			A			BBB			<>			NR		Fair Value		% Total		tax MTM Gain/(Loss)
																(In millions)(1)		Floating Rate(2)
Available-for-sale investment securities:
Government & agency securities		53 %			28 %			17 %			- %			1 %			1 %			- %	$	34.8	61.3 %	$	(230)	92% /8%
Asset-backed securities		-			93			7			-			-			-			-			7.4	13.0			12	0% / 100%
Student loans		-			13			87			-			-			-			-			0.1	1.4			2
Credit cards		-			100			-			-			-			-			-			0.1	1.4			1
Auto & equipment		-			77			23			-			-			-			-			0.9	12.2			1
Non-U.S. residential mortgage backed securities		-			97			3			-			-			-			-			2.4	32.4			1
Collateralized loan obligation		-			100			-			-			-			-			-			3.6	48.6			6
Other		-			57			43			-			-			-			-			0.3	4.1			1
Mortgage-backed securities		100			-			-			-			-			-			-			5.9	10.4			(72)	100% / 0%
Agency MBS		100			-			-			-			-			-			-			5.9	100.0			(72)
CMBS		97			3			-			-			-			-			-			5.2	9.1			(37)	4% / 96%
Corporate bonds		-			-			20			64			16			-			-			2.6	4.6			8	83% / 17%
Covered bonds		-			100			-			-			-			-			-			0.3	0.5			(1)	10% / 90%
Municipal bonds		-			48			52			-			-			-			-			0.2	0.4			(3)	100% / 0%
Clipper tax-exempt bonds		-			2			84			14			-			-			-			0.1	0.2			-	0% / 100%
Other		-			-			66			34			-			-			-			0.3		0.5			(12)		95% / 5%
Total available-for-sale portfolio		52 %			30 %			13 %			3 %			1 %			1 %			- %		$	56.8		100.0 %		$	(335)		72% / 28%
Fair Value	$	29.5	$	17.2	$	7.4	$	1.9	$	0.6	$	0.2	$	-
																							Amortized				Net Unrealized Pre-		Fixed Rate/
		UST/AGY			AAA			AA			A			BBB			<>			NR			% Total		tax MTM Gain/(Loss)
																Cost				(In millions)(1)		Floating Rate(2)
Held-to-maturity investment securities:
Government & agency securities		59 %			21 %			16 %			- %			4 %			- %			- %	$	10.4	20.4 %	$	(283)	100% / 0%
Asset-backed securities		-			23			72			3			-			2			-			2.8	5.5			(25)	5% / 95%
Student loans		-			23			72			3			-			2			-			2.8	100.0			(25)
Mortgage-backed securities		100			-			-			-			-			-			-			32.6	63.9			(5,098)	100% / 0%
Agency MBS		100			-			-			-			-			-			-			32.6	100.0			(5,115)
Non-agency MBS		-			8			2			16			25			3			46			-		-			17
CMBS		100			-			-			-			-			-			-			5.2	10.2			(730)	97% / 3%
Total held-for-maturity portfolio		86 %			6 %			7 %			- %			1 %			- %			- %		$	51.0		100.0 %		$	(6,136)		94% / 6%
Amortized Cost	$	43.9	$	2.8	$	3.7	$	0.1	$	0.4	$	0.1	$	-
Total Investment Securities(3)
																				$	107.8						82% / 18%

1. At June 30, 2024, the after-tax unrealized MTM gain/(loss) includes after-tax unrealized loss on securities available-for-sale of $249 million, after-tax unrealized loss on securities held-to-maturity of $4,563 million and after-tax unrealized loss primarily related to securities previously transferred from available-for-sale to held-to-maturity of $456 million.
2. At June 30, 2024, fixed-to-floating rate securities, which excludes the impact of hedges, had a book value of approximately $27 million or 0.03% of the total portfolio.
3. State Street has a highly liquid balance sheet, with more than half of total assets deemed HQLA. Based upon fair value as of June 30, 2024, approximately 86% of our investment portfolio was held in HQLA.

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