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State Street Corporation One Lincoln Street Boston , MA 02111 NYSE : STT www.statestreet.com STATE STREET . Boston , MA ... April 16 , 2021 News Release STATE STREET REPORTS FIRST QUARTER 2021 EPS OF $ 1.37 ; $ 1.47 EXCLUDING NOTABLE ITEMS ( a ) % changes noted below reflect year - over - year 1Q comparisons TOTAL FEE REVENUE UP 4 % ; UP 2 % EX - CURRENCY TRANSLATION ( a ) SERVICING FEE REVENUE UP 7 % ; UP 4 % EX - CURRENCY TRANSLATION ( a ) NEW SERVICING WINS OF $ 343 BILLION NET NEW INFLOWS IN ASSET MANAGEMENT OF $ 39 BILLION EXPENSES UP 3 % ; FLAT EX - NOTABLES AND CURRENCY TRANSLATION ( a ) Ron O'Hanley , Chairman and Chief Executive Officer : " Our first - quarter results reflect continued total fee revenue growth , enabling us to partially offset NII headwinds . Our product innovation and enhancements of our operating model continue to make contributions across our businesses , as reflected in our strong new business results including demand for Charles River Development and State Street Alpha SM . Our distinctive value proposition continues to resonate with our clients . " O'Hanley added : " Core operating expenses continue to be controlled and we remain committed to expense discipline by driving productivity gains through automation and process reengineering , while investing back into our businesses . During the first quarter , we completed the repurchase of approximately $ 475 million of our common stock and have just announced a common share repurchase program for 2Q21 of up to $ 425 million , consistent with the limit set by the Federal Reserve . " FINANCIAL HIGHLIGHTS ( Table presents summary results , dollars in millions , except per share amounts , or where otherwise noted ) 1Q21 4Q20 1Q20 % QoQ % YOY Income statement : Total fee revenue Net interest income Other income Total revenue $ 2,483 467 $ 2,416 499 $ 2,399 3 % 664 ( 6 ) 4 % ( 30 ) 2 2 nm nm 2,950 2,917 3,065 1 ( 4 ) Provision for credit losses ( 9 ) 36 nm nm Total expenses Net income 2,332 2,276 2,255 2 3 519 537 634 Financial ratios and other metrics : Diluted earnings per share ( EPS ) $ 1.37 $ 1.39 $ 1.62 ( 1 ) % Return on average common equity ( ROE ) 8.4 % Pre - tax margin AUC / A ( $ billions ) ( 1 ) AUM ( $ billions ) ( 1 ) 21.3 40,263 3,591 8.4 % 22.0 38,791 3,467 10.9 % 25.3 31,864 bps ( 18 ) ( 15 ) % ( 250 ) bps ( 70 ) ( 400 ) 4 % 26 % 2,689 4 34 ( 1 ) As of period - end . ( a ) See " 1Q21 Highlights " in this news release for a listing of notable items . Results excluding notable items and / or currency translation impact are non - GAAP measures . Please refer to the Addendum included with this news release for an explanation and reconciliation of non - GAAP measures . Investor Contact : llene Fiszel Bieler +1 617-664-3477 1 Media Contact : Carolyn Cichon +1 617-664-8672