Core Insights - State Street's (STT) fourth-quarter 2025 adjusted earnings per share (EPS) of $2.97 exceeded the Zacks Consensus Estimate of $2.82, marking a 14.2% increase from the prior-year quarter [1] - The company's total revenues reached a record $3.67 billion, up 7.5% year over year, surpassing the Zacks Consensus Estimate of $3.59 billion [3] - Total assets under custody and administration (AUC/A) hit a record $53.80 trillion, increasing 15.6% year over year, while assets under management (AUM) rose to $5.67 trillion, up 20.1% year over year [6] Financial Performance - Adjusted earnings per share for the full year 2025 were $10.30, exceeding the Zacks Consensus Estimate of $10.17, with a year-over-year increase of 18.8% [2] - Net income available to common shareholders on a GAAP basis was $688 million for the fourth quarter, down 5.5% from the previous year, while full-year net income was $2.72 billion, up 9.4% year over year [2] - Quarterly net interest income (NII) was $802 million, reflecting a 7.1% increase year over year, driven by higher average interest-earning assets [3] Revenue and Expenses - Total fee revenues for the quarter increased 7.5% year over year to $2.86 billion, with growth in most components except for certain fees [4] - Non-interest expenses rose to $2.74 billion, up 12.3% from the prior-year quarter, attributed to increases across all cost components [4] - The net interest margin (NIM) expanded by 33 basis points year over year to 1.10% [4] Asset Management - The company reported a significant increase in AUC/A and AUM, driven by higher equity market levels and client inflows [6] - The Common Equity Tier 1 ratio improved to 11.7% as of December 31, 2025, compared to 10.9% in the same period of 2024 [5] Strategic Moves - State Street engaged in strategic acquisitions, including PriceStats and a partnership with Albilad Capital to enhance its securities services in Saudi Arabia [9] - The company also repurchased shares worth $400 million during the reported quarter [7]