State Street Bank and Trust Company: how it compares with its peers
Against 17 U.S. banks with half to twice its assets, State Street Bank and Trust Company's strongest measure in Q2 2026 is efficiency ratio (66.12% vs. a 57.49% peer median). Its weakest relative measure is net interest margin (1.24% vs. 3.15%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.97% | 1.21% | Bottom third Ahead of 12% of peers |
| Net interest margin Annualized net interest income over earning assets. | 1.24% | 3.15% | Bottom third Ahead of 0% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 66.12% | 57.49% | Bottom third Ahead of 24% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.5M | $13.1M | Bottom third Ahead of 6% of peers |
| Loans to deposits Net loans and leases over total deposits. | 16.00% | 78.03% | Context |
What it means for lending operations
Its efficiency ratio of 66.12% is above the 57.49% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Morgan Stanley Bank, National Association Salt Lake City, UT · $419.32B
- The Bank of New York Mellon New York, NY · $425.12B
- TD Bank, National Association Wilmington, DE · $342.80B
- Fifth Third Bank, National Association Cincinnati, OH · $299.18B
- The Huntington National Bank Columbus, OH · $283.07B
- Truist Bank Charlotte, NC · $548.35B
Questions about State Street Bank and Trust Company
How big is State Street Bank and Trust Company?
State Street Bank and Trust Company, established in 1792, is headquartered in Boston, MA. It reported $412.62B in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is State Street Bank and Trust Company's return on assets?
0.97% annualized in Q2 2026, against a 1.21% median for 17 U.S. banks with half to twice its assets, ahead of 12% of them.
What is State Street Bank and Trust Company's efficiency ratio?
66.12% in Q2 2026: it spent about 66 cents in noninterest expense for each dollar of revenue. The peer median is 57.49%, and lower is better.
Is State Street Bank and Trust Company growing its loans?
Net loans grew 10.3% over the year to Q2 2026, while deposits grew 12.9%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Massachusetts bank ranked.