State Street Corp. (STT) reported that its first-quarter net income available to common shareholders increased to $455 million increased from $417 million in the first quarter of 2012. Earnings per share for the quarter was $0.98 up from $0.85 in the prior year quarter.
Earnings per share included the effects of $118 million and $105 million in the first quarter of 2013 and first quarter of 2012, respectively, of equity incentive compensation expense for retirement-eligible employees and payroll taxes.
On a non-GAAP basis, net income available to common shareholders for the quarter was $443 million higher than $410 million in the prior year quarter. Non-GAAP earnings per share grew to $0.96 from $0.84 in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.93 per share for the quarter. Analysts' estimates typically exclude special items.
GAAP revenue of $2.44 billion increased 1% from the first quarter of 2012. Non-GAAP Revenue of $2.47 billion increased from $2.42 billion in the first quarter of 2012. Fourteen analysts had consensus revenue estimate of $2.48 billion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.