State Street on the Right Path: Fool by Numbers

On July 17, State Street (NYSE: STT) released second-quarter earnings for the period ended June 30.

• Excluding a non-cash tax adjustment of $0.25 a share, EPS for the quarter rose to $0.93.
• Servicing fees rose 12%, thanks to increased business from new and existing customers.
• The company expects revenue growth between 20% and 22% for fiscal 2007.
• State Street sports a Motley Fool CAPS rating of four stars. Fellow bankers Northern Trust (Nasdaq: NTRS) and The Bank of New York Mellon Corp. (NYSE: BK) carry two- and three-star ratings, respectively.

(Figures in millions, except per-share data)

Income Statement Highlights

	Q2 2007	Q2 2006	Change
Total Revenue	$1,922	$1,651	16.4%
Net Interest Income	$385	$262	46.9%
Net Profit	$366	$227	61.2%
EPS	$1.07	$0.68	57.4%

Get back to basics with a look at the income statement.

Ratio Checkup

	Q2 2007	Q2 2006	Change*
Net Interest Margin	1.6%	1.20%	0.44
Return on Average Equity	19.2%	14.0%	5.20

*Expressed in percentage points.

Find out more about bank performance ratios.

Balance Sheet Highlights

Assets	Q2 2007	Q2 2006	Change
Investments	$83,293	$79,017	5.4%
Loans	$12,050	$8,690	38.7%

Liabilities	Q2 2007	Q2 2006	Change
Deposits	$73,036	$63,555	14.9%
Total Liabilities	$104,520	$96,067	8.8%

Learn about bank assets and bank liabilities.

Related Foolishness:

• Fool on the Street: Time to Cross State Street?
• Bank of New York Never Sleeps
• Fifth Third Hopes to Turn the Corner

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.