What is State Street's provision for credit losses?

State Street (STT) reported provision for credit losses of $0 in Q1 2022.

What does provision for credit losses mean?

Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

State Street STT Provision for Credit Losses

Discontinued — last reported Q1 '22

Provision for Credit Losses at other companies

JPMorgan ChaseJPM

$2.51B-24.1%

UMB FinancialUMBF

$27M-68.6%

SS&C TechnologiesSSNC

$5.7M+7.5%

SouthStateSSB

$11.2M+206%

Axos FinancialAX

$2.23M+198%

Northern TrustNTRS

——

Segments

By segment

See full

Investment Servicing$16M+33.3%

Investment Management$0—

Other financials

Income statement

See full

Revenue$3.8B+15.6%

Net income$764.0M+18.6%

EPS (diluted)$2.49+22.1%

Balance sheet

See full

Cash & equivalents$6.5B+39.9%

Total debt$25.2B+1.6%

Total equity$27.7B+3.9%

Total assets$392.17B+5.2%

Cash flow

See full

Operating cash flow-$12.1B-607%

CapEx$270.0M+19.5%

Free cash flow-$12.4B-672%

Valuation

See full

Market cap$46.53B+58.6%

Enterprise value$65.24B+27.3%

P/E15.2×+4.9×

P/S3.2×+1.0×

Profitability

See full

Net margin21.2%-0.6pp

FCF margin-25.9%—

Returns & leverage

See full

Return on equity11.3%0.0pp

Debt / equity0.9×0.0×

Where this comes from

Reported directly by State Street in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForLoanLeaseAndOtherLosses.

The official record: State Street’s 10-Q, filed April 27, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is State Street's provision for credit losses?: State Street (STT) reported provision for credit losses of $0 in Q1 2022.
What does provision for credit losses mean?: Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.