STTState Street Corporation

Financials · Banks · NYSE

State Street Corporation is one of the world’s leading providers of financial services to institutional investors, including investment servicing, markets and financing solutions and investment management. 10-K, Item 1

Headquarters: Boston, MA
CEO: Hanley Ronald P. O
Next results: around Jan 15, 2027

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What the 10-K filed 2026-02-19 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-02-13.

Big customers

Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).

No specific sentence about this in the 10-K.

Key suppliers

Parts or manufacturing that depend on one or a few suppliers.

No specific sentence about this in the 10-K.

Lawsuits and legal claims

1 new

Pending cases, settlements and what the company has set aside for them.

“We evaluate our needs for accruals of loss contingencies related to legal and regulatory proceedings on a case-by-case basis.”
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New “As of December 31, 2025, our aggregate accruals for loss contingencies for legal, regulatory and related matters totaled approximately $43 million, including potential fines by government agencies and civil litigation with respect to the matters specifically discussed below.”
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“To the extent that we have established accruals in our consolidated statement of condition for probable loss contingencies, such accruals may not be sufficient to cover our ultimate financial exposure associated with any settlements or judgments.”
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“As of December 31, 2025, for those matters for which we have accrued probable loss contingencies and for other matters for which loss is reasonably possible (but not probable) in future periods, and for which we are able to estimate a range of reasonably possible loss, our estimate of the aggregate reasonably possible loss (in excess of any accrued amounts) ranges up to approximately $60 million.”
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“In August 2021, two former Currenex clients filed a putative civil class action lawsuit in the Southern District of New York alleging antitrust violations, fraud and a civil Racketeer Influenced and Corrupt Organization Act violation against Currenex, State Street and others.”
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Guarantees and indemnities

2 new

Promises to pay someone else's debts or losses if they cannot.

New “We had unfunded commitments to extend credit with gross contractual amounts totaling $35.70 billion and $34.19 billion and standby letters of credit totaling $0.57 billion and $0.91 billion as of December 31, 2025 and 2024, respectively.”
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“Indemnified securities financing $ 371,968 $ — $ — $ — $ 371,968”
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“The aggregate amount of indemnified securities on loan totaled $371.97 billion and $310.81 billion as of December 31, 2025 and 2024, respectively.”
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“We held, as agent, cash and securities totaling $393.58 billion and $325.61 billion as collateral for indemnified securities on loan as of December 31, 2025 and 2024, respectively.”
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New “Of the collateral of $393.58 billion and $325.61 billion, referenced above, $51.76 billion and $63.66 billion was invested in indemnified repurchase agreements as of December 31, 2025 and 2024, respectively.”
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Debt covenants

Conditions in loan agreements that, if broken, can make debt due early.

No specific sentence about this in the 10-K.

Commitments off the balance sheet

Contracts the company must pay for later: purchase obligations, take-or-pay deals.

“The remaining $14 million and $13 million as of December 31, 2025 and 2024, respectively, was related to other loans, off-balance sheet commitments and other financial assets held at amortized cost, including investment securities.”
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Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗

Work on STT in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/STT/export.csv") into a cell.