State Street Bank & Trust Co.
Boston, Massachusetts · $412.62B in assets · beside the 5 other New England banks over $10B (the state alone holds too few in the band to rank)
The filing
State Street Bank & Trust Co. is the largest of the 6 New England banks over $10B, with $412.62B in assets at 30 June 2026. Loans are 16.1% of deposits, the lowest in the cohort against a median of 85.6%, and equity is 7.1% of assets, the lowest in the cohort. Loans grew +10.3% in the year, 4th of 6, and deposits grew 12.9%; the cohort's median loan growth is +18.4%.
Noncurrent loans are 0.56% of the book, 2nd of 6 against a median of 0.66%; 0.00% is 30 to 89 days past due, and the allowance covers them 0.5 times. Net charge-offs are 0.16% of loans, 2nd of 6. Commercial real estate is 4.4% of loans, the lowest in the cohort against a median of 35.2%, and 11% of capital, below the 300% screen, with construction at 0% against the 100% screen.
Return on assets is 1.04%, 5th of 6 against a median of 1.09%, on an efficiency ratio of 67.6%, the highest in the cohort. Five years ago it was 0.85%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.
Commercial real estate against capital
| State Street | Rank | Cohort median | |
|---|---|---|---|
| Total CRE against capital, the 300% screen | 11% | 1st of 6 | 254% |
| Construction against capital, the 100% screen | 0% | 1st of 6 | 18% |
| Construction and land development, share of loans | 0.0% | 1st of 6 | 2.6% |
| Non-owner-occupied nonfarm nonresidential, share of loans | 2.5% | 1st of 6 | 18.4% |
| Total CRE, the guidance definition, share of loans | 4.4% | 1st of 6 | 35.2% |
| CRE growth over 36 months, the third prong | -23.2% | 1st of 6 | +14.0% |
Among its peers
| Institution | Assets | ROA | Efficiency | NPA / loans | Net charge-offs | Allowance / loans | Loans / deposits | Equity / assets |
|---|---|---|---|---|---|---|---|---|
| $412.62B | 1.0% | 67.6% | 0.56% | 0.16% | 0.3% | 16.1% | 7.1% | |
| $232.52B | 1.0% | 60.6% | 1.36% | 0.37% | 1.3% | 79.1% | 11.4% | |
| $85.90B | 1.2% | 49.9% | 0.76% | 0.29% | 1.3% | 81.9% | 11.4% | |
| $31.13B | 1.1% | 60.7% | 0.47% | 0.17% | 1.4% | 89.2% | 13.0% | |
| $24.97B | 1.4% | 54.0% | 0.56% | 0.06% | 1.1% | 89.7% | 15.6% | |
| $22.20B | 1.1% | 59.9% | 0.90% | 0.31% | 1.3% | 95.6% | 11.4% |
| State Street | Cohort median | |||||
|---|---|---|---|---|---|---|
| 2021 | 2026 | Change | 2021 | 2026 | Change | |
| Loans | $30.82B | $52.37B | +70% | $15.54B | $37.85B | +144% |
| Deposits | $268.14B | $326.25B | +22% | $21.60B | $48.41B | +124% |
| NPA / loans | 0.00% | 0.56% | +0.56 pts | 0.55% | 0.66% | +0.12 pts |
| Efficiency | 72.3% | 67.6% | -4.7 pts | 60.3% | 60.2% | -0.1 pts |
| ROA | 0.85% | 1.04% | +0.19 pts | 1.27% | 1.09% | -0.17 pts |
This read was prepared for State Street Bank & Trust Co.'s board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.
The full pack on State Street Bank & Trust Co. is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.
Ask for the packPrepared 7 September 2026
Filing 30 June 2026
Cohort New England banks over $10B
Institution www.statestreet.com
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