Other

Standby letters of credit

State Street Standby letters of credit decreased by 19.0% to $461.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 43.2%, from $811.00M to $461.00M. Over 5 years (FY 2020 to FY 2025), Standby letters of credit shows a downward trend with a -29.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryRisk
SignalLower is better
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026

How to read this metric

An increase indicates higher contingent liability exposure, requiring careful monitoring of client credit quality.

Detailed definition

These are financial instruments issued by the firm to guarantee the performance of a client to a third party. They repre...

Peer comparison

Common in commercial and investment banking as a standard credit product.

Metric ID: other_stand_by_letters_of_credit

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$3.47B$3.33B$3.24B$2.62B$2.54B$2.16B$2.13B$1.86B$1.59B$1.53B$1.51B$1.49B$1.27B$979.00M$908.00M$811.00M$780.00M$691.00M$569.00M$461.00M
QoQ Change-3.8%-2.9%-19.2%-2.8%-14.9%-1.7%-12.5%-14.4%-4.0%-1.1%-1.3%-14.9%-22.9%-7.3%-10.7%-3.8%-11.4%-17.7%-19.0%
YoY Change-26.7%-35.1%-34.4%-28.9%-37.4%-29.4%-28.9%-19.8%-20.2%-35.9%-39.9%-45.6%-38.5%-29.4%-37.3%-43.2%
Range$461.00M$3.47B
CAGR-34.6%
Avg YoY Growth-33.2%
Median YoY Growth-34.7%
Current Streak19+ quarters decline

Frequently Asked Questions

What is State Street's standby letters of credit?
State Street (STT) reported standby letters of credit of $461.00M in Q1 2026.
How has State Street's standby letters of credit changed year-over-year?
State Street's standby letters of credit decreased by 43.2% year-over-year, from $811.00M to $461.00M.
What is the long-term trend for State Street's standby letters of credit?
Over 5 years (2020 to 2025), State Street's standby letters of credit has grown at a -29.8% compound annual growth rate (CAGR), from $3.33B to $569.00M.
What does standby letters of credit mean?
Guarantees provided by the firm to cover a client's obligations if they fail to perform.