State Street Elects Alexander Vollert to Board and Announces Q3 2026 Results

Executive Summary

On October 14, 2026, State Street Corporation (NYSE: STT) filed a Current Report on Form 8-K disclosing three key items: the election of a new independent director under Item 5.02, third-quarter 2026 financial results under Item 2.02, and Regulation FD disclosures under Item 7.01 regarding an investor presentation and the redemption of senior notes.

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Item 5.02: Board of Directors Election

• Appointee: Dr. Alexander Vollert was elected as an independent director to State Street Corporation's Board of Directors, effective October 9, 2026.
• Committee Assignments: Appointed to the Board's Technology and Operations Committee and Risk Committee.
• Arrangements: No undisclosed arrangements or understandings exist between Dr. Vollert and any other person regarding his election.
• Director Compensation:
  • Dr. Vollert is entitled to a pro rata share of the 2026–2027 $110,000 annual cash retainer.
  • A pro rata share of the $235,000 common stock retainer, determined by the closing price of STT common stock on the New York Stock Exchange on the election date.
  • Standard non-employee director indemnification agreement.

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Item 2.02: Third-Quarter 2026 Financial Results Highlights

State Street reported strong financial results for 3Q26:

• Diluted EPS: $3.69, up 33% YoY from $2.78 in 3Q25 (and up 1% QoQ from $3.65 in 2Q26).
• Total Revenue: $4.004 billion, an increase of 13% YoY ($3.545 billion in 3Q25).
  • Fee Revenue: $3.140 billion (+11% YoY).
  • Net Interest Income: $864 million (+21% YoY).
• Net Income: $1.090 billion, up 27% YoY from $861 million.
• Return Metrics:
  • ROE: 16.4% (up 3.0 percentage points YoY).
  • ROTCE: 25.1% (up 4.2 percentage points YoY).
  • Pre-tax Margin: 34.6% (up 3.5 percentage points YoY).
• Asset Levels:
  • AUC/A (Assets Under Custody/Administration): $59.173 trillion (+15% YoY).
  • AUM (Assets Under Management): $6.306 trillion (+16% YoY).

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Item 7.01: Senior Notes Redemption

• State Street issued a notice of redemption for the full $500,000,000 aggregate principal amount of its 1.684% Fixed-to-Floating Rate Senior Notes due 2027.
• Redemption Date: November 18, 2026.
• Redemption Price: 100% of principal plus accrued and unpaid interest.
• Funding Source: State Street intends to fund the redemption entirely with cash on hand.