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Letter portraitLegal landscapeQuarterYTD

State Street Bank and Trust Company, National Association

New York, NY · Cert 24938

NC

Q2 2026

$65.2MAssets
$0KLoans
$0KDeposits
$63.9MEquity

Executive Summary

  • Earnings: ROA of 10.84%, down 133 bps year over year; NIM at 1.60%.
  • Capital: tier 1 leverage ratio of 101.58%, up 144 bps from a year ago.

Return on Assets (quarter, annualized)

10.84%-133 bps YoY

Net Interest Margin (quarter, annualized)

1.60%-61 bps YoY

Efficiency Ratio (quarter, annualized)

65.39%+205 bps YoY

Tier 1 Leverage Ratio

101.58%+144 bps YoY

NIM

2.04%Q2 ’242.21%Q2 ’251.60%Q2 ’26+8%-28%

Non-interest income vs. expense

31.61%Q2 ’2425.42%Q2 ’2527.26%Q2 ’26+43%-3%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets17.83%18.76%11.72%12.16%11.38%10.03%12.73%10.84%-133 bps
Return on Equity18.11%19.06%11.86%12.31%11.51%10.10%12.85%11.00%-131 bps
Net Interest Margin1.91%1.99%1.84%2.21%1.95%1.85%1.65%1.60%-61 bps
Efficiency Ratio54.36%51.64%68.46%63.34%59.23%64.07%52.59%65.39%+205 bps
Non-Interest Burden-22.54%-23.34%-13.52%-12.50%-13.12%-10.93%-15.11%-12.82%-32 bps
Growth
Asset Growth (YoY)-12.30%18.16%17.99%38.70%35.44%32.39%34.20%12.57%-2,614 bps
Loan Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Deposit Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio101.52%101.94%100.20%100.14%100.92%100.88%100.87%101.58%+144 bps
Total Risk-Based Capital207%277%310%286%366%359%349%344%+5,797 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Depositsn/an/an/an/an/an/an/an/an/an/a
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a