Financial Analysis

Employee Benefits Defined Benefit Pension and Other Post-Retirement Benefit Plans State Street Bank and certain of its U.S. subsidiaries participate in a non-contributory, tax-qualified defined benefit pension plan. The U.S. defined benefit pension plan was frozen as of December 31, 2007 and no new employees were eligible to participate after that date. We have agreed to contribute sufficient amounts as necessary to meet the benefits paid to plan participants and to fund the plans service cost, plus interest. U.S. employee account balances earn annual interest credits until the employee begins receiving benefits. Non-U.S. employees participate in local defined benefit plans which are funded as required in each local jurisdiction. In addition to the defined benefit pension plans, we have non-qualified unfunded SERPs that provide certain officers with defined pension benefits in excess of allowable qualified plan limits. State Street Bank and certain of its U.S. subsidiaries also participate in a post-retirement plan that provides health care benefits for certain retired employees. The total expense for these tax-qualified and non-qualified plans was $16 million, $17 million and $16 million in 2025, 2024 and 2023, respectively. We recognize the funded status of our defined benefit pension plans and other post-retirement benefit plans, measured as the difference between the fair value of the plan assets and the projected benefit obligation, in the consolidated statement of posit …

CompensationAndEmployeeBenefitPlansTextBlock · excerpt; the full note is in the filing

In the following table, revenue is disaggregated by our two lines of business and by revenue stream for which the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The amounts in the Other columns were not allocated to our business lines. Year Ended December 31, 2025 Investment Servicing Investment Management Other Total (Dollars in millions) Topic 606 revenue All other revenue Total Topic 606 revenue All other revenue Total Topic 606 revenue All other revenue Total 2025 Servicing fees $ 5,324 $ $ 5,324 $ $ $ $ $ $ $ 5,324 Management fees 2,398 2,398 2,398 Foreign exchange trading services 414 1,027 1,441 170 170 3 3 1,614 Securities finance 212 269 481 24 24 505 Software and processing fees 731 196 927 (24) (24) 903 Other fee revenue 209 209 27 27 236 Total fee revenue 6,681 1,701 8,382 2,568 51 2,619 (24) 3 (21) 10,980 Net interest income 2,945 2,945 15 15 2,960 Total other income 4 4 4 Total revenue $ 6,681 $ 4,650 $ 11,331 $ 2,568 $ 66 $ 2,634 $ (24) $ 3 $ (21) $ 13,944 Year Ended December 31, 2024 Investment Servicing Investment Management Other Total (Dollars in millions) Topic 606 revenue All other revenue Total Topic 606 revenue All other revenue Total Topic 606 revenue All other revenue Total 2024 Servicing fees $ 5,016 $ $ 5,016 $ $ $ $ $ $ $ 5,016 Management fees 2,124 2,124 2,124 Foreign exchange trading services 386 862 1,248 138 138 15 15 1,401 Securities finance 185 230 415 23 23 438 Software and processing fees …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Equity-Based Compensation We record compensation expense for equity-based awards, such as deferred stock and performance awards, based on the closing price of our common stock on the date of grant, adjusted if appropriate, based on the eligibility of the award to receive dividends. Compensation expense related to equity-based and cash-settled stock awards with service-only conditions and terms that provide for a graded vesting schedule is recognized on a straight-line basis over the required service period for the entire award. Compensation expense related to equity-based awards with performance conditions and terms that provide for a graded vesting schedule is recognized over the requisite service period for each separately vesting tranche of the award, and is based on the probable outcome of the performance conditions at each reporting date. Compensation expense is adjusted for assumptions with respect to the estimated amount of awards that will be forfeited prior to vesting, and for employees who have met certain retirement eligibility criteria. Compensation expense for common stock awards granted to employees meeting early retirement eligibility criteria is fully expensed on the grant date. Dividend equivalents for certain equity-based awards are paid on stock units on a current basis prior to vesting and distribution. The 2017 Stock Incentive Plan, (the 2017 Plan), was amended and restated and approved by shareholders in May 2023 for issuance of stock and stock based awa …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair Value Fair Value Measurements We carry trading account assets and liabilities, AFS debt securities, certain equity securities and various types of derivative financial instruments, at fair value in our consolidated statement of condition on a recurring basis. Changes in the fair values of these financial assets and liabilities are recorded either as components of our consolidated statement of income or as components of AOCI within shareholders equity in our consolidated statement of condition. We measure fair value for the above-described financial assets and liabilities in conformity with U.S. GAAP that governs the measurement of the fair value of financial instruments. Management believes that its valuation techniques and underlying assumptions used to measure fair value conform to the provisions of U.S. GAAP. We categorize the financial assets and liabilities that we carry at fair value based on a prescribed three-level valuation hierarchy. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (level 1) and the lowest priority to valuation methods using significant unobservable inputs (level 3). If the inputs used to measure a financial asset or liability cross different levels of the hierarchy, categorization is based on the lowest-level input that is significant to the fair-value measurement. Managements assessment of the significance of a particular input to the overall fair-value measurement of a financial …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and Other Intangible Assets Goodwill represents the excess of the cost of an acquisition over the fair value of the net tangible and other intangible assets acquired. Goodwill is not amortized, but is reviewed for impairment annually or more frequently if circumstances arise or events occur that indicate an impairment of the carrying amount may exist. Impairment of goodwill is deemed to exist if the carrying value of a reporting unit, including its allocation of goodwill and other intangible assets, exceeds its estimated fair value. Management reviews goodwill for impairment annually or more frequently if circumstances arise or events occur that indicate an impairment of the carrying amount may exist. We begin our review by first assessing qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. Events that may indicate impairment include significant or adverse changes in the business, economic or political climate, an adverse action or assessment by a regulator, unanticipated competition, and a more-likely-than-not expectation that we will sell or otherwise dispose of a business to which the goodwill or other intangible assets relate. If we conclude from the qualitative assessment of goodwill impairment that it is more likely than not that a reporting units fair value is greater than its carrying amount, quantitative tests are not required. However, if we determine it is more likely …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes We use an asset-and-liability approach to account for income taxes. Our objective is to recognize the amount of taxes payable or refundable for the current year through charges or credits to the current tax provision, and to recognize deferred tax assets and liabilities for future tax consequences of temporary differences between amounts reported in our consolidated financial statements and their respective tax bases. The measurement of tax assets and liabilities is based on enacted tax laws and applicable tax rates. The effects of a tax position on our consolidated financial statements are recognized when we believe it is more likely than not that the position will be sustained. A valuation allowance is established if it is considered more likely than not that all or a portion of the deferred tax assets will not be realized. Deferred tax assets and liabilities recorded in our consolidated statement of condition are netted within the same tax jurisdiction. The following table presents the components of income tax expense (benefit) for the periods indicated: Years Ended December 31, (In millions) 2025 2024 2023 Current: Federal $ 375 $ 108 $ 160 State 96 68 79 Non-U.S. 404 387 317 Total current expense 875 563 556 Deferred: Federal (133) 77 (77) State (1) 2 (63) Non-U.S. 45 66 (44) Total deferred expense (benefit) (89) 145 (184) Total income tax expense (benefit) $ 786 $ 708 $ 372 The Company adopted ASU 2023-09, Improvements to Income Tax Disclosures, prospective …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Occupancy Expense and Information Systems and Communications Expense Occupancy expense and information systems and communications expense include depreciation of buildings, leasehold improvements, computer hardware and software, equipment, furniture and fixtures, and amortization of lease right-of-use assets. Total depreciation and amortization expense in 2025, 2024 and 2023 was $892 million, $824 million and $829 million, respectively. We use our incremental borrowing rate to determine the present value of the lease payments for finance and operating leases described below. Additionally, we do not separate nonlease components such as real estate taxes and common area maintenance from base lease payments. As of December 31, 2025 and 2024, we had finance leases for information technology equipment of $89 million and $67 million, respectively, recorded in premises and equipment, with the related liability of $106 million and $79 million, respectively, recorded in long-term debt, in our consolidated statement of condition. Finance lease right-of-use asset amortization is recorded in information systems and communications expense on a straight-line basis in our consolidated statement of income over the respective lease term. Lease payments are recorded as a reduction of the liability, with a portion recorded as imputed interest expense. Accumulated amortization of the finance lease right-of-use assets was $182 million as of December 31, 2025. Interest expense related to the finan …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Long-Term Debt (Dollars in millions) As of December 31, Issuance Date Maturity Date Coupon Rate Seniority Interest Due Dates 2025 2024 Parent Company and Non-Banking Subsidiary Issuances February 28, 2025 February 28, 2028 4.536 % Senior notes 2/28; 8/28 $ 1,346 $ October 22, 2024 October 22, 2027 4.330 % Senior notes 4/22, 10/22 (2) 1,208 1,189 August 3, 2023 August 3, 2026 5.272 % Senior notes 2/3; 8/3 (2) 1,204 1,203 November 21, 2023 November 21, 2029 5.684 % Fixed-to-floating rate senior notes 5/21; 11/21 (2) 1,009 986 August 20, 2024 February 20, 2029 4.530 % Fixed-to-floating rate senior notes 2/20; 8/20 (2) 1,007 989 March 18, 2024 March 18, 2027 4.993 % Senior notes 3/18, 9/18 (2) 1,004 993 April 24, 2025 April 24, 2030 4.834 % Senior notes 4/24; 10/24 (2) 1,002 May 18, 2023 May 18, 2034 5.159 % Fixed-to-floating rate senior notes 5/18; 11/18 996 995 October 23, 2025 October 23, 2036 4.784 % Fixed-to-floating rate senior notes 4/23; 10/23 (2) 973 March 3, 2021 March 3, 2031 (1)(3) 2.200 % Senior subordinated notes 3/3; 9/3 846 845 October 22, 2024 October 22, 2032 4.675 % Fixed-to-floating rate senior notes 4/22; 10/22 (2) 813 789 January 24, 2020 January 24, 2030 (1) 2.400 % Senior notes 1/24, 7/24 (2) 777 784 February 28, 2025 February 28, 2036 5.146 % Fixed-to-floating rate senior notes 2/28; 8/28 746 May 19, 2016 May 19, 2026 (1) 2.650 % Senior notes 5/19; 11/19 (2) 745 728 January 26, 2023 January 26, 2034 4.821 % Fixed-to-floating rate senior notes 1/26, 7/26 ( …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Recent Accounting Developments Relevant standards that were adopted during the year ended December 31, 2025: We adopted ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, prospectively for the annual reporting period ending December 31, 2025. The standard aims to improve transparency and comparability of income tax disclosures primarily by requiring consistent and expanded disclosures related to the reconciliation of the statutory and effective tax rate and disaggregated disclosure of income taxes paid by jurisdiction. Refer to Note 22 for additional information. Relevant standards that were recently issued, but not yet adopted as of December 31, 2025 Standard Description Effective Date Effects on the financial statements or other significant matters ASU2025-09, Derivatives and Hedging (Topic815): Hedge Accounting Improvements The amendments introduce targeted improvements to closely align hedge accounting with an entitys risk management activities. The ASU expands the hedged risks permitted to be aggregated in a group of individual forecasted transactions in a cash flow hedge, introduces a new model for hedging forecasted interest payments on choose your rate debt instruments, and expands eligibility for certain hedged risks (nonfinancial forecasted transactions, net written options as hedging instruments and foreign currency dual hedge strategy). Annual reporting for the period ending December 31, 2027 and for interim reporting in 2027. Early ado …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Revenue from Contracts with Customers We account for revenue from contracts with customers in accordance with ASC 606. The amount of revenue that we recognize is measured based on the consideration specified in contracts with our customers, and excludes taxes collected from customers subsequently remitted to governmental authorities. We recognize revenue when a performance obligation is satisfied over time as the services are performed or at a point in time depending on the nature of the services provided as further discussed below. Revenue recognition guidance related to contracts with customers excludes our NII, revenue earned on security lending transactions entered into as principal, realized gains/losses on securities, revenue earned on foreign exchange activity, loans and related fees, and gains/losses on hedging and derivatives, to which we apply other applicable U.S. GAAP guidance. For contracts with multiple performance obligations, or contracts that have been combined, we allocate the contracts transaction price to each performance obligation using our best estimate of the standalone selling price. Our contractual fees are negotiated on a customer by customer basis and are representative of standalone selling price utilized for allocating revenue when there are multiple performance obligations. Substantially all of our services are provided as a distinct series of daily performance obligations that the customer simultaneously benefits from as they are performed. Pay …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Line of Business Information Our operations are organized into two lines of business, which represent our reportable segments: Investment Servicing and Investment Management, which are defined based on products and services provided. The results of operations for these lines of business are not necessarily comparable with those of other companies, including companies in the financial services industry. Investment Servicing provides a broad range of investment servicing and market and financing solutions to institutional clients, including mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, wealth managers, investment managers, foundations and endowments worldwide. Through State Street Investment Services and State Street Markets, we offer a full range of back-, middle- and front-office solutions, including custody, accounting and fund administration services for traditional and alternative assets, as well as multi-asset class investments; recordkeeping, client reporting and investment book of record, transaction management, loans, cash, derivatives and collateral services; investor services operations outsourcing; performance, risk and compliance analytics; financial data management to support institutional investors; foreign exchange, brokerage and other trading services; securities finance, including prime services products; and deposit and short-term investment facilities. Together with our back- …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Shareholders Equity Preferred Stock The following table summarizes selected terms of each of the series of the preferred stock issued and outstanding as of December 31, 2025: Preferred Stock (1) : Issuance Date Depositary Shares Issued Amount outstanding (In millions) Ownership Interest Per Depositary Share Liquidation Preference Per Share Liquidation Preference Per Depositary Share Per Annum Dividend Rate Dividend Payment Frequency Carrying Value as of December 31, 2025 (In millions) Redemption Date (2) Series G April 2016 20,000,000 $ 500 1/4,000th 100,000 25 5.35% (3) Quarterly $ 493 March 15, 2026 Series I January 2024 1,500,000 1,500 1/100th 100,000 1,000 6.700% through March 14, 2029; resets March 15, 2029 and every subsequent five year anniversary at the five- year U.S. Treasury rate plus 2.613% Quarterly 1,481 March 15, 2029 Series J July 2024 850,000 850 1/100th 100,000 1,000 6.700% through September 14, 2029; resets September 15, 2029 and every subsequent five year anniversary at the five-year U.S. Treasury rate plus 2.628% Quarterly 842 September 15, 2029 Series K February 2025 750,000 750 1/100th 100,000 1,000 6.450% through September 14, 2030; resets September 15, 2030 and every subsequent five year anniversary at the five- year U.S. Treasury rate plus 2.135% Quarterly 743 September 15, 2030 (1) The preferred stock and corresponding depositary shares may be redeemed at our option in whole, but not in part, prior to the redemption date upon the occurrence of a reg …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

In the following table, revenue is disaggregated by our two lines of business and by revenue stream for which the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The amounts in the Other columns were not allocated to our business lines. Three Months Ended June 30, 2026 Investment Servicing Investment Management Other Total (Dollars in millions) Topic 606 revenue All other revenue Total Topic 606 revenue All other revenue Total Topic 606 revenue All other revenue Total 2026 Servicing fees $ 1,468 $ $ 1,468 $ $ $ $ $ $ $ 1,468 Management fees (1) 772 772 772 Foreign exchange trading services (1) 113 378 491 3 3 494 Securities finance 56 84 140 10 10 150 Software services (1) 166 166 166 Other fee revenue (1) 12 105 117 21 21 138 Total fee revenue 1,815 567 2,382 785 21 806 3,188 Net interest income 860 860 860 Total revenue $ 1,815 $ 1,427 $ 3,242 $ 785 $ 21 $ 806 $ $ $ $ 4,048 Six Months Ended June 30, 2026 Investment Servicing Investment Management Other Total (Dollars in millions) Topic 606 revenue All other revenue Total Topic 606 revenue All other revenue Total Topic 606 revenue All other revenue Total 2026 Servicing fees $ 2,877 $ $ 2,877 $ $ $ $ $ $ $ 2,877 Management fees (1) 1,496 1,496 1,496 Foreign exchange trading services (1) 224 699 923 6 6 929 Securities finance 111 139 250 10 6 16 266 Software services (1) 335 335 335 Other fee revenue (1) 12 207 219 26 26 245 Total fee revenue 3,559 1,045 4,604 1,512 32 1,544 6 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Fair Value Fair Value Measurements We carry trading account assets and liabilities, AFS debt securities, certain equity securities and various types of derivative financial instruments, at fair value in our consolidated statement of condition on a recurring basis. Changes in the fair values of these financial assets and liabilities are recorded either as components of our consolidated statement of income or as components of AOCI within shareholders' equity in our consolidated statement of condition. We measure fair value for the above-described financial assets and liabilities in conformity with U.S. GAAP that governs the measurement of the fair value of financial instruments. Management believes that its valuation techniques and underlying assumptions used to measure fair value conform to the provisions of U.S. GAAP. We categorize the financial assets and liabilities that we carry at fair value based on a prescribed three-level valuation hierarchy. For information about our valuation techniques for financial assets and financial liabilities measured at fair value and the fair value hierarchy, refer to Note 2 of the notes to consolidated financial statements in our 2025 Form 10-K. The following tables present information with respect to our financial assets and liabilities carried at fair value in our consolidated statement of condition on a recurring basis as of the dates indicated: Fair Value Measurements on a Recurring Basis As of June 30, 2026 (In millions) Quoted Market …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and Other Intangible Assets The following table presents changes in the carrying amount of goodwill during the periods indicated: (In millions) Investment Servicing Investment Management Total Goodwill: Ending balance as of December 31, 2024 $ 7,428 $ 263 $ 7,691 Acquisitions 243 243 Foreign currency translation and other, net 220 5 225 Ending balance as of December 31, 2025 7,891 268 8,159 Acquisitions 2 2 Foreign currency translation and other, net (54) (1) (55) Ending balance as of June 30, 2026 $ 7,839 $ 267 $ 8,106 The following table presents changes in the net carrying amount of other intangible assets during the periods indicated: (In millions) Investment Servicing Investment Management Total Other intangible assets: Ending balance as of December 31, 2024 $ 1,063 $ 26 $ 1,089 Acquisitions 34 34 Amortization (216) (7) (223) Foreign currency translation 35 35 Ending balance as of December 31, 2025 916 19 935 Amortization (109) (3) (112) Foreign currency translation (7) (7) Ending balance as of June 30, 2026 $ 800 $ 16 $ 816 The following tables present the gross carrying amount, accumulated amortization and net carrying amount of other intangible assets by type as of the dates indicated: June 30, 2026 Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In millions) Other intangible assets: Client relationships $ 2,805 $ (2,196) $ 609 Technology 404 (311) 93 Core deposits 697 (609) 88 Other 117 (91) 26 Total $ 4,023 $ (3,207) $ 816 December 31, 2 …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Recent Accounting Developments Relevant standards that were recently issued but not yet adopted as of June 30, 2026: Standard Description Effective Date Effects on the financial statements or other significant matters ASU2025-09, Derivatives and Hedging (Topic815): Hedge Accounting Improvements The amendments introduce targeted improvements to closely align hedge accounting with an entitys risk management activities. The ASU expands the hedged risks permitted to be aggregated in a group of individual forecasted transactions in a cash flow hedge, introduces a new model for hedging forecasted interest payments on choose your rate debt instruments, and expands eligibility for certain hedged risks (nonfinancial forecasted transactions, net written options as hedging instruments and foreign currency dual hedge strategy). Annual reporting for the period ending December 31, 2027 and for interim reporting in 2027. Early adoption is permitted. We are currently evaluating the impact of this guidance. ASU 2025-06, IntangiblesGoodwill and OtherInternal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software The update removes all references to prescriptive and sequential software development stages, and amends related disclosures. Capitalization of software costs will commence when both i) management has authorized and committed to funding the software project, and ii) it is probable that the project will be completed and the software will be use …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Revenue from Contracts with Customers For additional information on the nature of services and our revenue from contracts with customers, including revenues associated with both our Investment Servicing and Investment Management lines of business, refer to Note 25 of the notes to consolidated financial statements in our 2025 Form 10-K. Revenue by category In the following table, revenue is disaggregated by our two lines of business and by revenue stream for which the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The amounts in the Other columns were not allocated to our business lines. Three Months Ended June 30, 2026 Investment Servicing Investment Management Other Total (Dollars in millions) Topic 606 revenue All other revenue Total Topic 606 revenue All other revenue Total Topic 606 revenue All other revenue Total 2026 Servicing fees $ 1,468 $ $ 1,468 $ $ $ $ $ $ $ 1,468 Management fees (1) 772 772 772 Foreign exchange trading services (1) 113 378 491 3 3 494 Securities finance 56 84 140 10 10 150 Software services (1) 166 166 166 Other fee revenue (1) 12 105 117 21 21 138 Total fee revenue 1,815 567 2,382 785 21 806 3,188 Net interest income 860 860 860 Total revenue $ 1,815 $ 1,427 $ 3,242 $ 785 $ 21 $ 806 $ $ $ $ 4,048 Six Months Ended June 30, 2026 Investment Servicing Investment Management Other Total (Dollars in millions) Topic 606 revenue All other revenue Total Topic 606 revenue All other revenue Total Topic 606 …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Line of Business Information Our operations are organized into two lines of business, which represent our reportable segments: Investment Servicing and Investment Management, which are defined based on products and services provided. The results of operations for these lines of business are not necessarily comparable with those of other companies, including companies in the financial services industry. For information about our two lines of business, as well as revenues, expenses and capital allocation methodologies associated with them, refer to Note 24 of the notes to consolidated financial statements in our 2025 Form 10-K. Revenue and expenses are directly charged or allocated to our lines of business through management information systems. Our Chief Operating Decision Maker (CODM) is the Chief Executive Officer. The line of business results are regularly provided to the CODM to evaluate the performance of each line of business and to inform how resources are allocated between those lines of business to best achieve managements strategic and tactical goals. Capital is allocated based on the relative risks and capital requirements inherent in each business line, along with management judgment. Capital allocations may not be representative of the capital that might be required if these lines of business were separate business entities. The following table summarizes our line of business results for the periods indicated. The Other columns presented in the below tables, repre …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Shareholders' Equity Preferred Stock The following table summarizes selected terms of each of the series of the preferred stock issued and outstanding as of June 30, 2026: Preferred Stock (1) : Issuance Date Depositary Shares Issued Amount outstanding (In millions) Ownership Interest Per Depositary Share Liquidation Preference Per Share Liquidation Preference Per Depositary Share Per Annum Dividend Rate Dividend Payment Frequency Carrying Value as of June 30, 2026 (In millions) Redemption Date (2) Series G April 2016 20,000,000 $ 500 1/4,000th 100,000 25 5.35% (3) Quarterly $ 493 March 15, 2026 Series I January 2024 1,500,000 1,500 1/100th 100,000 1,000 6.700% through March 14, 2029; resets March 15, 2029 and every subsequent five -year anniversary at the five- year U.S. Treasury rate plus 2.613% Quarterly 1,481 March 15, 2029 Series J July 2024 850,000 850 1/100th 100,000 1,000 6.700% through September 14, 2029; resets September 15, 2029 and every subsequent five -year anniversary at the five-year U.S. Treasury rate plus 2.628% Quarterly 842 September 15, 2029 Series K February 2025 750,000 750 1/100th 100,000 1,000 6.450% through September 14, 2030; resets September 15, 2030 and every subsequent five -year anniversary at the five- year U.S. Treasury rate plus 2.135% Quarterly 743 September 15, 2030 (1) The preferred stock and corresponding depositary shares may be redeemed at our option in whole, but not in part, prior to the redemption date upon the occurrence of a regulat …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Subsequent Events On July 23, 2026, State Street Bank issued $750 million aggregate principal amount of 4.701% fixed-rate senior notes due 2029, and $500 million aggregate principal amount of 5.217% fixed-rate senior notes due 2034.

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