State Street Bank and Trust Company (Boston, MA)
Also written as SSB&T
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Data as of · sourced from FFIEC call reports. How we update
State Street Bank and Trust Company is an FDIC-insured commercial bank headquartered in Boston, MA, established in 1792 (FDIC certificate 14), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $412.62B, up 11.0% from Q2 2025, the largest of 89 banks headquartered in Massachusetts. Its CET1 capital ratio was 14.72% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 14
- Headquarters
- Boston, MA
- Established
- 1792
- Total assets, Q2 2026
- $412.62B
- Assets vs Q2 2025
- +11.0%
- CET1 ratio, Q2 2026
- 14.72%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 011000028
- Latest call report
- Q2 2026, FFIEC 031 · State Street Bank and Trust Company call report
- Holding company
- STATE STREET CORPORATION
- Asset rank in state
- 1st of 89 in Massachusetts
State Street Bank and Trust Company is the 12th-largest bank in the United States, with $412.6 billion in assets at June 30, 2026, up 11.0% from a year earlier. It is headquartered in Boston, Massachusetts. It keeps 1.35 cents of net interest income on every dollar of earning assets, about half the median of 2.88 cents for the 18 US banks with $250 billion or more in assets. It also funds 5.85% of its assets with Tier 1 capital, lower than about 9 in 10 banks its size (median 9.14%).
Earnings jumped: net income for the quarter was $1.1 billion, 60% above the same quarter a year earlier. Unrealized losses on its securities total $4.1 billion, equal to 20% of Tier 1 capital, against 23% a year earlier. Funding is the softer spot: it holds about three-quarters of its deposits (76%) above the FDIC insurance limit, higher than about 9 in 10 banks its size (median 44.6%).
As of June 30, 2026, State Street Bank and Trust Company reported a CET1 capital ratio of 14.72%, a return on assets of 1.23%, a nonperforming-loan ratio of 0.56% and a Texas ratio of 1.42%. The figures come from its call report filed with the FFIEC.
Of the 89 banks headquartered in Massachusetts, State Street Bank and Trust Company is the largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 6.7% to $412.62B, loans rose 6.1% and deposits rose 8.9%. Loans to nondepository financial institutions made up 65.8% of its total loans on June 30, 2026, its largest category; next came loans for purchasing or carrying securities at 16.6%. The FDIC Summary of Deposits lists 3 offices for it, in Boston, MA, Kansas City, MO and Jersey City, NJ; its Boston office books 100% of its branch deposits. By the capital ratios in its Q2 2026 call report, State Street Bank and Trust Company meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- One Congress Street, Boston, MA 02114
- County
- Suffolk
- Metro Area
- Boston-Cambridge-Newton, MA-NH
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 031
- Established
- January 1, 1792
- Former names
- Second Bank-State Street Trust Company (1955-1960)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 48,653
- Domestic deposits
- $242.09B
- Allowance for credit losses
- $161.0M
- Net charge-offs (YTD)
- $43.0M
- Average total assets
- $361.19B
- Average total loans
- $50.26B
- Average interest-bearing deposits
- $247.31B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 14
- Fed RSSD
- 35301
- SEC CIK
- 93751 → filed by STATE STREET CORPORATION
- Website
- www.statestreet.com →
- Parent Holding Company
- STATE STREET CORPORATION (RSSD 1111435) · STT
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| O Hanley Ronald P | CEO | Chairman, CEO and President |
| John F Woods | CFO | EVP and CFO |
| Ann Fogarty | COO | EVP and COO |
| Hu W. Bradford | CRO | EVP and Chief Risk Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, State Street Bank and Trust Company's total assets ranged from $280.47B (Q3 2023) to $412.62B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$412.62B total assets against $371.78B; $383.45B total liabilities against $342.64B.
$52.21B net loans and leases against $47.31B; $326.25B total deposits against $289.08B.
$107.25B securities against $113.45B; $148.95B cash and balances due against $122.16B.
$2.83B total interest income against $3.04B; $1.89B total interest expense against $2.26B.
$938.0M net interest income against $785.0M.
$2.92B total noninterest income against $2.49B; $2.43B total noninterest expense against $2.34B.
$0 provision for credit losses against $30.0M.
$1.11B net income against $698.0M.
1.23% return on assets against 0.80%; 1.35% net interest margin against 1.14%.
14.72% CET1 capital ratio against 15.18%; 5.85% tier 1 leverage ratio against 6.04%.
Inside the full State Street Bank and Trust Company terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Over 70% of deposits sit above the $250K FDIC insurance threshold. This is the depositor-concentration profile that triggered Silicon Valley Bank's March 2023 deposit run. BankRegReports band; the $250K limit is statutory but this risk threshold is ours (post-SVB).
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
State Street Bank and Trust Company rankings
Its closest position to the top of a national ranking is 12 of 4,196, for total assets; its furthest is 2,501 of 3,640, for Texas Ratio.
Metric pages for State Street Bank and Trust Company: Uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.80% (Q2 2025) to 1.23% (Q2 2026) and its net interest margin ran from 1.09% (Q1 2025) to 1.35% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.72% | 1.23% | 0.56% | 1.42% | 1.35% |
| Q1 2026 | 14.70% | 0.88% | 0.44% | 1.07% | 1.31% |
| Q4 2025 | 16.27% | 0.88% | 0.55% | 1.27% | 1.29% |
| Q3 2025 | 15.52% | 1.02% | 0.50% | 1.13% | 1.18% |
| Q2 2025 | 15.18% | 0.80% | 0.40% | 0.93% | 1.14% |
| Q1 2025 | 15.32% | 0.88% | 0.51% | 1.15% | 1.09% |
| Q4 2024 | 15.49% | 0.99% | 0.44% | 1.00% | 1.21% |
| Q3 2024 | 15.76% | 0.90% | 0.46% | 1.02% | 1.18% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| State Street Bank and Trust Company (main office) | Boston , MA | 02114 | $242.09B |
| State Street Bank and Trust Company - Kansas City, Missouri Branch | Kansas City , MO | 64108 | $0 |
| State Street Bank and Trust Company - New Jersey Branch | Jersey City , NJ | 07310 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 2, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 2, 2007 | Structure Change | Acquired Investors Bank & Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 1, 2000 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 1, 2000 | Structure Change | Acquired Investors Fiduciary Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 23, 1999 | Structure Change | Acquired State Street Brokerage Services, Inc. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 17, 1961 | Structure Change | Acquired Rockland-Atlas National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 37.5% of deposits in MA, rank 1 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 3 loans, $302K approved, $101K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1998 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 9 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2025-Q2 to 2026-Q2. Source: CFPB consumer complaint database.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about State Street Bank and Trust Company
What are State Street Bank and Trust Company's total assets?
As of the Q2 2026 filing, State Street Bank and Trust Company reported total assets of $412.62 billion in its FFIEC call report.
Where is State Street Bank and Trust Company headquartered?
It is headquartered in Boston, MA, United States.
When was State Street Bank and Trust Company founded?
It was established in 1792, per the FDIC institution directory.
Is State Street Bank and Trust Company FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates State Street Bank and Trust Company?
State Street Bank and Trust Company's primary federal regulator is the Federal Reserve.
What is State Street Bank and Trust Company's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 14.72% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does State Street Bank and Trust Company operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is State Street Bank and Trust Company's Texas Ratio?
Its Texas Ratio is 1.42% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was State Street Bank and Trust Company previously called?
The charter now named State Street Bank and Trust Company has also operated as Second Bank-State Street Trust Company (1955-1960), per FDIC structure-change records.
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