Equibles

8-K

Bank of New York Mellon Corp (BK)

8-K 2025-07-15 For: 2025-07-15
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Added on April 09, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) – July 15, 2025

THE BANK OF NEW YORK MELLON CORPORATION

(Exact name of registrant as specified in its charter)

Delaware 001-35651 13-2614959
(State or other jurisdiction <br>of incorporation) (Commission <br>File Number) (I.R.S. Employer <br>Identification No.)

240 Greenwich Street

New York, New York 10286

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code – (212) 495-1784

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading <br>symbol(s) Name of each exchange<br>on which registered
Common Stock, $0.01 par value BK New York Stock Exchange
6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV BK/P New York Stock Exchange
(fully and unconditionally guaranteed by The Bank of New York Mellon Corporation)
Depositary Shares, each representing a 1/4,000th interest in a share of Series K Noncumulative BK PRK New York Stock Exchange
Perpetual Preferred Stock

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 under the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02.    RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On July 15, 2025, The Bank of New York Mellon Corporation (“BNY”) released information on its financial results for the second quarter ended June 30, 2025. Copies of the Earnings Release and the Financial Supplement are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference.

ITEM 7.01.    REGULATION FD DISCLOSURE.

On July 15, 2025, BNY will hold a conference call and webcast to discuss its financial results for the second quarter ended June 30, 2025 and outlook. A copy of the Quarterly Update presentation for the conference call and webcast is attached hereto as Exhibit 99.3.

ITEM 9.01.    FINANCIAL STATEMENTS AND EXHIBITS.

(d)    EXHIBITS.

Exhibit
Number Description
99.1 The Bank of New York Mellon Corporation Earnings Release dated July 15, 2025, announcing financial results for the second quarter of 2025.
The quotation in Exhibit 99.1 (the “Excluded Section”) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (“Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of BNY under the Securities Act of 1933 or the Exchange Act. The information included in Exhibit 99.1, other than in the Excluded Section, shall be deemed “filed” for purposes of the Exchange Act.
99.2 The Bank of New York Mellon Corporation Financial Supplement dated July 15, 2025, for the second quarter of 2025.
The information included in Exhibit 99.2 shall be deemed “filed” for purposes of the Exchange Act.
99.3 Second Quarter 2025 Quarterly Update Presentation dated July 15, 2025.
The information included in Exhibit 99.3 shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of BNY under the Securities Act of 1933 or the Exchange Act.
104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

The Bank of New York Mellon Corporation<br><br>(Registrant)
Date: July 15, 2025 By: /s/ Jean Weng
Name:<br>Title: Jean Weng<br>Secretary

3

Document

2Q25 FINANCIALRESULTS

BNY Reports Second Quarter 2025

Earnings Per Common Share of $1.93

NEW YORK, July 15, 2025 – The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK) today has reported financial results for the second quarter of 2025.

CEO COMMENTARY
quotation-markxleft_3q24a.jpg BNY delivered a strong performance in the second quarter. Total revenue was up 9% year-over-year and for the first time exceeded $5 billion in a quarter. We also generated another quarter of significant positive operating leverage which resulted in an improved pre-tax margin of 37% and an ROTCE of 28%.
BNY’s ongoing transformation has significant momentum. Only one year after the launch of our new commercial model last summer, we delivered two consecutive quarters of record sales in the first half of the year. It is also notable that the parts of the company that were the first to transition to our platforms operating model in the spring of last year have displayed faster delivery times, enhanced service quality, increased innovation along with greater efficiency.
Our role as a financial services platforms company at the heart of the world’s capital markets combined with our diversified business model positions us for a wide range of economic scenarios. Our results in the first half of the year underscore BNY’s potential to create value for clients and shareholders, and we are entering the second half of the year with the momentum that comes from consistent execution and delivery.
– Robin Vince, Chief Executive Officer EPS Pre-tax margin ROE ROTCE
--- --- --- ---
$1.93 37% 14.7% 27.8% (a)
KEY FINANCIAL INFORMATION
--- --- --- --- --- --- --- --- --- ---
(dollars in millions, except per share amounts and unless otherwise noted) 2Q25 vs.
2Q25 1Q25 2Q24
Selected income statement data:
Total fee revenue $ 3,641 7 % 7 %
Investment and other revenue 184 N/M N/M
Net interest income 1,203 4 % 17 %
Total revenue $ 5,028 5 % 9 %
Provision for credit losses (17) N/M N/M
Noninterest expense $ 3,206 (1) % 4 %
Net income applicable to common shareholders $ 1,391 21 % 22 %
Diluted EPS $ 1.93 22 % 27 %
Selected metrics:
AUC/A (in trillions) $ 55.8 5 % 13 %
AUM (in trillions) $ 2.1 5 % 3 %
Financial ratios: 2Q25 1Q25 2Q24
Pre-tax operating margin 37 % 32 % 33 %
ROE 14.7 % 12.6 % 12.7 %
ROTCE (a) 27.8 % 24.2 % 24.6 %
Capital ratios:
Tier 1 leverage ratio 6.1 % 6.2 % 5.8 %
CET1 ratio 11.5 % 11.5 % 11.4 %
HIGHLIGHTS
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Results

•Total revenue of $5.0 billion, increased 9%

•Noninterest expense of $3.2 billion, increased 4%; also 4% excluding notable items (a)

•Diluted EPS of $1.93, increased 27%; or 28% excluding notable items (a)

Profitability

•Pre-tax operating margin of 37%

•ROTCE of 27.8% (a)

Balance sheet

•Average deposits of $300 billion, increased 5% year-over-year and 6% sequentially

•Tier 1 leverage ratio of 6.1%, increased 23 bps year-over-year and decreased 17 bps sequentially

Capital distribution

•Returned $1.2 billion of capital to common shareholders

•$346 million of dividends

•$895 million of share repurchases

•Total payout ratio of 92% year-to-date

(a) For information on the Non-GAAP measures, see “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9.
Note: Above comparisons are 2Q25 vs. 2Q24, unless otherwise noted.
Media: Anneliese Diedrichs +44 7930 135 524 Investors: Marius Merz +1 212 298 1480
BNY 2Q25 Financial Results
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CONSOLIDATED FINANCIAL HIGHLIGHTS

(dollars in millions, except per share amounts and unless otherwise noted; not meaningful - N/M) 2Q25 vs.
2Q25 1Q25 2Q24 1Q25 2Q24
Fee revenue $ 3,641 $ 3,403 $ 3,398 7 % 7 %
Investment and other revenue 184 230 169 N/M N/M
Total fee and other revenue 3,825 3,633 3,567 5 7
Net interest income 1,203 1,159 1,030 4 17
Total revenue 5,028 4,792 4,597 5 9
Provision for credit losses (17) 18 — N/M N/M
Noninterest expense 3,206 3,252 3,070 (1) 4
Income before taxes 1,839 1,522 1,527 21 20
Provision for income taxes 404 300 357 35 13
Net income $ 1,435 $ 1,222 $ 1,170 17 % 23 %
Net income applicable to common shareholders of The Bank of New York Mellon Corporation $ 1,391 $ 1,149 $ 1,143 21 % 22 %
Operating leverage (a) 633 bps 495 bps
Diluted earnings per common share $ 1.93 $ 1.58 $ 1.52 22 % 27 %
Average common shares and equivalents outstanding - diluted (in thousands) 720,007 727,398 751,596
Pre-tax operating margin 37 % 32 % 33 %
Metrics:
Average loans $ 71,265 $ 69,670 $ 68,283 2 % 4 %
Average deposits 300,298 282,535 284,843 6 5
AUC/A at period end (in trillions) (current period is preliminary) 55.8 53.1 49.5 5 13
AUM at period end (in trillions) (current period is preliminary) 2.11 2.01 2.05 5 3
Non-GAAP measures, excluding notable items: (b)
Adjusted total revenue $ 5,028 $ 4,752 $ 4,597 6 % 9 %
Adjusted noninterest expense $ 3,194 $ 3,212 $ 3,077 (1)% 4 %
Adjusted operating leverage (a) 637 bps 558 bps
Adjusted diluted earnings per common share $ 1.94 $ 1.58 $ 1.51 23 % 28 %
Adjusted pre-tax operating margin 37 % 32 % 33 %

(a)    Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense.

(b)    See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9 for additional information.

bps – basis points.

KEY DRIVERS (comparisons are 2Q25 vs. 2Q24, unless otherwise noted)

•Total revenue increased 9%, primarily reflecting:

•Fee revenue increased 7%, primarily reflecting net new business, higher market values, client activity and foreign exchange revenue, and the favorable impact of the weaker U.S. dollar, partially offset by the mix of AUM flows.

•Investment and other revenue increased primarily reflecting favorable seed capital and other investments results, partially offset by higher net securities losses.

•Net interest income increased 17%, primarily reflecting the continued reinvestment of maturing investment securities at higher yields and balance sheet growth, partially offset by changes in deposit mix.

•Provision for credit losses was a benefit of $17 million, primarily driven by property-specific reserve releases related to our commercial real estate exposure.

•Noninterest expense increased 4%, primarily reflecting higher investments, employee merit increases, higher revenue-related expenses, adjustments to the FDIC special assessment and the unfavorable impact of the weaker U.S. dollar, partially offset by efficiency savings. Excluding notable items, noninterest expense also increased 4% (a).

•Effective tax rate of 22.0%.

Assets under custody and/or administration (“AUC/A”) and Assets under management (“AUM”)

•AUC/A increased 13%, primarily reflecting client inflows, higher market values and the favorable impact of the weaker U.S. dollar.

•AUM increased 3% primarily reflecting higher market values and the favorable impact of the weaker U.S. dollar, partially offset by cumulative net outflows.

Capital and liquidity

•$346 million of dividends to common shareholders (b); $895 million of common share repurchases.

•Return on common equity (“ROE”) – 14.7%; Return on tangible common equity (“ROTCE”) – 27.8% (a).

•Common Equity Tier 1 (“CET1”) ratio – 11.5%; Tier 1 leverage ratio – 6.1%.

•Average liquidity coverage ratio (“LCR”) – 112%; Average net stable funding ratio (“NSFR”) – 131%.

•Total Loss Absorbing Capacity (“TLAC”) ratios exceed minimum requirements.

(a)    See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9 for additional information.

(b)    Including dividend-equivalents on share-based awards.

Note: Throughout this document, sequential growth rates are unannualized.

BNY 2Q25 Financial Results

SECURITIES SERVICES BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M) 2Q25 vs.
2Q25 1Q25 2Q24 1Q25 2Q24
Investment services fees:
Asset Servicing $ 1,094 $ 1,062 $ 1,018 3 % 7 %
Issuer Services 376 267 322 41 17
Total investment services fees 1,470 1,329 1,340 11 10
Foreign exchange revenue 175 136 144 29 22
Other fees (a) 60 65 56 (8) 7
Total fee revenue 1,705 1,530 1,540 11 11
Investment and other revenue 94 140 104 N/M N/M
Total fee and other revenue 1,799 1,670 1,644 8 9
Net interest income 675 630 595 7 13
Total revenue 2,474 2,300 2,239 8 10
Provision for credit losses (13) 8 (3) N/M N/M
Noninterest expense 1,620 1,584 1,554 2 4
Income before taxes $ 867 $ 708 $ 688 22 % 26 %
Total revenue by line of business:
Asset Servicing $ 1,870 $ 1,786 $ 1,687 5 % 11 %
Issuer Services 604 514 552 18 9
Total revenue by line of business $ 2,474 $ 2,300 $ 2,239 8 % 10 %
Pre-tax operating margin 35 % 31 % 31 %
Securities lending revenue (b) $ 56 $ 52 $ 46 8 % 22 %
Metrics:
Average loans $ 11,327 $ 11,347 $ 11,103 — % 2 %
Average deposits $ 185,831 $ 175,854 $ 178,495 6 % 4 %
AUC/A at period end (in trillions) (current period is preliminary) (c) $ 40.1 $ 38.1 $ 35.7 5 % 12 %
Market value of securities on loan at period end (in billions) (d) $ 516 $ 504 $ 481 2 % 7 %

(a)    Other fees primarily include financing-related fees.

(b)    Included in investment services fees reported in the Asset Servicing line of business.

(c)    Consists of AUC/A primarily from the Asset Servicing line of business and, to a lesser extent, the Issuer Services line of business. Includes the AUC/A of CIBC Mellon Trust Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $2.0 trillion at June 30, 2025, $1.9 trillion at March 31, 2025 and $1.7 trillion at June 30, 2024.

(d)    Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY acts as agent on behalf of CIBC Mellon clients, which totaled $68 billion at June 30, 2025, $62 billion at March 31, 2025 and $66 billion at June 30, 2024.

KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below.

•Asset Servicing – The year-over-year increase primarily reflects higher net interest income, foreign exchange revenue, market values and higher client activity. The sequential increase primarily reflects higher foreign exchange revenue, net interest income and client activity.

•Issuer Services – The year-over-year increase primarily reflects higher Depositary Receipts revenue. The sequential increase primarily reflects higher Depositary Receipts revenue and net interest income, partially offset by a disposal gain in 1Q25.

•Noninterest expense increased year-over-year primarily reflecting higher investments, employee merit increases, higher revenue-related expenses and the unfavorable impact of the weaker U.S. dollar, partially offset by efficiency savings. The sequential increase primarily reflects higher revenue-related expenses and the unfavorable impact of the weaker U.S. dollar, partially offset by efficiency savings.

BNY 2Q25 Financial Results

MARKET AND WEALTH SERVICES BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M) 2Q25 vs.
2Q25 1Q25 2Q24 1Q25 2Q24
Investment services fees:
Pershing $ 513 $ 503 $ 474 2 % 8 %
Treasury Services 209 209 202 — 3
Clearance and Collateral Management 385 362 338 6 14
Total investment services fees 1,107 1,074 1,014 3 9
Foreign exchange revenue 30 29 23 3 30
Other fees (a) 63 65 58 (3) 9
Total fee revenue 1,200 1,168 1,095 3 10
Investment and other revenue 36 21 23 N/M N/M
Total fee and other revenue 1,236 1,189 1,118 4 11
Net interest income 506 497 417 2 21
Total revenue 1,742 1,686 1,535 3 13
Provision for credit losses (6) 4 (2) N/M N/M
Noninterest expense 897 866 833 4 8
Income before taxes $ 851 $ 816 $ 704 4 % 21 %
Total revenue by line of business:
Pershing $ 739 $ 719 $ 663 3 % 11 %
Treasury Services 490 477 426 3 15
Clearance and Collateral Management 513 490 446 5 15
Total revenue by line of business $ 1,742 $ 1,686 $ 1,535 3 % 13 %
Pre-tax operating margin 49 % 48 % 46 %
Metrics:
Average loans $ 44,262 $ 42,986 $ 41,893 3 % 6 %
Average deposits $ 96,566 $ 91,905 $ 91,371 5 % 6 %
AUC/A at period end (in trillions) (current period is preliminary) (b) $ 15.4 $ 14.7 $ 13.4 5 % 15 %

(a)    Other fees primarily include financing-related fees.

(b)    Consists of AUC/A from the Clearance and Collateral Management and Pershing lines of business.

KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below.

•Pershing – The year-over-year increase primarily reflects higher net interest income, client activity and market values. The sequential increase primarily reflects higher client activity.

•Treasury Services – The year-over-year increase primarily reflects higher net interest income and net new business. The sequential increase primarily reflects higher net interest income.

•Clearance and Collateral Management – The year-over-year increase primarily reflects higher collateral management balances, clearance volumes and net interest income. The sequential increase primarily reflects higher collateral management balances and clearance volumes.

•Noninterest expense increased year-over-year primarily reflecting higher investments and litigation reserves, employee merit increases and higher revenue-related expenses, partially offset by efficiency savings. The sequential increase primarily reflects higher litigation reserves and the unfavorable impact of the weaker U.S. dollar, partially offset by efficiency savings.

BNY 2Q25 Financial Results

INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M) 2Q25 vs.
2Q25 1Q25 2Q24 (a) 1Q25 2Q24 (a)
Investment management fees (a) $ 748 $ 735 $ 754 2 % (1) %
Performance fees 10 5 8 N/M N/M
Investment management and performance fees 758 740 762 2 (1)
Distribution and servicing fees 69 68 69 1 —
Other fees (b) (76) (75) (64) N/M N/M
Total fee revenue 751 733 767 2 (2)
Investment and other revenue (c) 9 5 11 N/M N/M
Total fee and other revenue (c) 760 738 778 3 (2)
Net interest income 41 41 43 — (5)
Total revenue 801 779 821 3 (2)
Provision for credit losses — 2 4 N/M N/M
Noninterest expense (a) 653 714 668 (9) (2)
Income before taxes $ 148 $ 63 $ 149 135 % (1) %
Total revenue by line of business:
Investment Management (a) $ 531 $ 505 $ 549 5 % (3) %
Wealth Management 270 274 272 (1) (1)
Total revenue by line of business $ 801 $ 779 $ 821 3 % (2) %
Pre-tax operating margin 19 % 8 % 18 %
Adjusted pre-tax operating margin – Non-GAAP (d) 20 % 9 % 20 %
Metrics:
Average loans $ 13,991 $ 13,537 $ 13,520 3 % 3 %
Average deposits $ 9,216 $ 9,917 $ 11,005 (7) % (16) %
AUM (in billions) (current period is preliminary) (e) $ 2,106 $ 2,008 $ 2,045 5 % 3 %
Wealth Management client assets (in billions) (current period<br><br>is preliminary) (f) $ 339 $ 327 $ 308 4 % 10 %

(a)    Effective 1Q25, an adjustment for certain rebates, which were previously recorded as distribution and servicing expense, began to be reflected as a reduction of investment management fees. These amounts totaled approximately $20 million for all periods presented and impacted the year-over-year variances for investment management fees and related revenue subtotals, noninterest expense and Investment Management total revenue in the table above.

(b)    Other fees primarily include investment services fees.

(c)    Investment and other revenue and total fee and other revenue are net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds.

(d)    Net of distribution and servicing expense. See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9 for information on this Non-GAAP measure.

(e)    Represents assets managed in the Investment and Wealth Management business segment.

(f)    Includes AUM and AUC/A in the Wealth Management line of business.

KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below.

•Investment Management – The year-over-year decrease primarily reflects the mix of AUM flows and the adjustment for certain rebates (offset in noninterest expense) (a), partially offset by higher market values, the favorable impact of the weaker U.S. dollar and higher equity investment income. The sequential increase primarily reflects higher seed capital gains, equity investment income and the favorable impact of the weaker U.S. dollar, partially offset by the mix of AUM flows.

•Wealth Management – The year-over-year decrease primarily reflects lower net interest income and changes in product mix, partially offset by higher market values.

•Noninterest expense decreased year-over-year primarily reflecting lower revenue-related expenses (including the adjustment for certain rebates (a)) and efficiency savings, partially offset by higher severance expense and the unfavorable impact of the weaker U.S. dollar. The sequential decrease primarily reflects lower revenue-related expenses and efficiency savings, partially offset by the unfavorable impact of the weaker U.S. dollar.

BNY 2Q25 Financial Results

OTHER SEGMENT

The Other segment primarily includes the leasing portfolio, corporate treasury activities, including our securities portfolio, derivatives and other trading activity, tax credit investments and other corporate investments, certain business exits and other corporate revenue and expense items.

(dollars in millions) 2Q25 1Q25 2Q24
Fee revenue $ (15) $ (28) $ (4)
Investment and other revenue 33 62 29
Total fee and other revenue 18 34 25
Net interest (expense) (19) (9) (25)
Total revenue (1) 25 —
Provision for credit losses 2 4 1
Noninterest expense 36 88 15
(Loss) before taxes $ (39) $ (67) $ (16)

KEY DRIVERS

•Total revenue includes corporate treasury and other investment activity, including hedging activity which has an offsetting impact between fee and other revenue and net interest expense. The sequential decrease primarily reflects net losses on sales of securities.

•Noninterest expense increased year-over-year primarily driven by higher staff expense and the net impact of the adjustments to the FDIC special assessment, partially offset by lower litigation reserves. The sequential decrease primarily reflects lower litigation reserves and severance expense.

BNY 2Q25 Financial Results

CAPITAL AND LIQUIDITY

Capital and liquidity ratios June 30, 2025 March 31, 2025 Dec. 31, 2024
Consolidated regulatory capital ratios: (a)
CET1 ratio 11.5 % 11.5 % 11.2 %
Tier 1 capital ratio 14.6 14.6 13.7
Total capital ratio 15.6 15.7 14.8
Tier 1 leverage ratio (a) 6.1 6.2 5.7
Supplementary leverage ratio (a) 6.9 6.9 6.5
BNY shareholders’ equity to total assets ratio 9.0 % 9.8 % 9.9 %
BNY common shareholders’ equity to total assets ratio 7.9 % 8.6 % 8.9 %
Average LCR (a) 112 % 116 % 115 %
Average NSFR (a) 131 % 132 % 132 %
Book value per common share $ 54.76 $ 52.82 $ 51.52
Tangible book value per common share – Non-GAAP (b) $ 29.57 $ 28.20 $ 27.05
Common shares outstanding (in thousands) 705,241 715,434 717,680

(a)    Regulatory capital and liquidity ratios for June 30, 2025 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for June 30, 2025, March 31, 2025 and for Dec. 31, 2024 was the Standardized Approach.

(b)    Tangible book value per common share – Non-GAAP excludes goodwill and intangible assets, net of deferred tax liabilities. See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9 for information on this Non-GAAP measure.

•CET1 capital totaled $20.1 billion and Tier 1 capital totaled $25.5 billion at June 30, 2025, both increasing compared with March 31, 2025, primarily reflecting capital generated through earnings and a net increase in accumulated other comprehensive income, partially offset by capital returned through common stock repurchases and dividends. The CET1 ratio was flat compared with March 31, 2025 reflecting the increase in capital, offset by higher risk-weighted assets. The Tier 1 leverage ratio decreased compared with March 31, 2025 reflecting higher average assets, partially offset by the increase in capital.

NET INTEREST INCOME

Net interest income 2Q25 vs.
(dollars in millions; not meaningful - N/M) 2Q25 1Q25 2Q24 1Q25 2Q24
Net interest income $ 1,203 $ 1,159 $ 1,030 4% 17%
Add: Tax equivalent adjustment 1 — 1 N/M N/M
Net interest income, on a fully taxable equivalent (“FTE”) basis – Non-GAAP (a) $ 1,204 $ 1,159 $ 1,031 4% 17%
Net interest margin 1.27 % 1.30 % 1.15 % (3) bps 12 bps
Net interest margin (FTE) – Non-GAAP (a) 1.27 % 1.30 % 1.15 % (3) bps 12 bps

(a)    Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP include the tax equivalent adjustments on tax-exempt income. See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9 for information on this Non-GAAP measure.

bps – basis points.

•Net interest income increased year-over-year and sequentially primarily reflecting the continued reinvestment of maturing investment securities at higher yields and balance sheet growth, partially offset by changes in deposit mix.

BNY 2Q25 Financial Results

THE BANK OF NEW YORK MELLON CORPORATION

Condensed Consolidated Income Statement

(dollars in millions) Quarter ended Year-to-date
June 30, 2025 March 31, 2025 June 30, 2024 June 30, 2025 June 30, 2024
Fee and other revenue
Investment services fees $ 2,583 $ 2,411 $ 2,359 $ 4,994 $ 4,637
Investment management and performance fees 758 739 761 1,497 1,537
Foreign exchange revenue 213 156 184 369 336
Financing-related fees 51 60 53 111 110
Distribution and servicing fees 36 37 41 73 83
Total fee revenue 3,641 3,403 3,398 7,044 6,703
Investment and other revenue 184 230 169 414 351
Total fee and other revenue 3,825 3,633 3,567 7,458 7,054
Net interest income
Interest income 6,602 6,123 6,392 12,725 12,488
Interest expense 5,399 4,964 5,362 10,363 10,418
Net interest income 1,203 1,159 1,030 2,362 2,070
Total revenue 5,028 4,792 4,597 9,820 9,124
Provision for credit losses (17) 18 — 1 27
Noninterest expense
Staff 1,768 1,834 1,720 3,602 3,577
Software and equipment 527 513 476 1,040 951
Professional, legal and other purchased services 388 366 374 754 723
Sub-custodian and clearing 150 131 134 281 253
Net occupancy 132 136 134 268 258
Distribution and servicing 63 65 88 128 184
Business development 53 48 50 101 86
Bank assessment charges 22 38 (7) 60 10
Amortization of intangible assets 11 11 13 22 25
Other 92 110 88 202 179
Total noninterest expense 3,206 3,252 3,070 6,458 6,246
Income
Income before taxes 1,839 1,522 1,527 3,361 2,851
Provision for income taxes 404 300 357 704 654
Net income 1,435 1,222 1,170 2,657 2,197
Net (income) attributable to noncontrolling interests related to consolidated investment management funds (12) (2) (2) (14) (4)
Net income applicable to shareholders of The Bank of New York Mellon Corporation 1,423 1,220 1,168 2,643 2,193
Preferred stock dividends (32) (71) (25) (103) (97)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation $ 1,391 $ 1,149 $ 1,143 $ 2,540 $ 2,096
Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation Quarter ended Year-to-date
--- --- --- --- --- --- --- --- --- --- --- --- ---
June 30, 2025 March 31, 2025 June 30, 2024 June 30, 2025 June 30, 2024
(in dollars)
Basic $ 1.95 $ 1.59 $ 1.53 $ 3.54 $ 2.79
Diluted $ 1.93 $ 1.58 $ 1.52 $ 3.51 $ 2.77
BNY 2Q25 Financial Results
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EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES

BNY has included in this Earnings Release certain Non-GAAP financial measures on a tangible basis as a supplement to GAAP information, which exclude goodwill and intangible assets, net of deferred tax liabilities. We believe that the return on tangible common equity – Non-GAAP is additional useful information for investors because it presents a measure of those assets that can generate income, and the tangible book value per common share – Non-GAAP is additional useful information because it presents the level of tangible assets in relation to shares of common stock outstanding.

Net interest income, on a fully taxable equivalent (“FTE”) basis – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income which allows for the comparison of amounts arising from both taxable and tax-exempt sources and is consistent with industry practice. The adjustment to an FTE basis has no impact on net income.

BNY has included the adjusted pre-tax operating margin – Non-GAAP, which is the pre-tax operating margin for the Investment and Wealth Management business segment, net of distribution and servicing expense that was passed to third parties who distribute or service our managed funds. We believe that this measure is useful when evaluating the performance of the Investment and Wealth Management business segment relative to industry competitors.

See “Explanation of GAAP and Non-GAAP Financial Measures” in the Financial Supplement available at www.bny.com for additional reconciliations of Non-GAAP measures.

BNY has also included revenue measures excluding notable items, including a disposal gain. Expense measures, excluding notable items, including severance expense, litigation reserves and the FDIC special assessment, are also presented. Litigation reserves represent accruals for loss contingencies that are both probable and reasonably estimable, but exclude standard business-related legal fees. Net income applicable to common shareholders of The Bank of New York Mellon Corporation, diluted earnings per share, operating leverage, return on common equity, return on tangible common equity and pre-tax operating margin, excluding the notable items mentioned above, are also provided. These measures are provided to permit investors to view the financial measures on a basis consistent with how management views the businesses.

Reconciliation of Non-GAAP measures, excluding notable items 2Q25 vs.
(dollars in millions, except per share amounts) 2Q25 1Q25 2Q24 1Q25 2Q24
Total revenue – GAAP $ 5,028 $ 4,792 $ 4,597 5 % 9 %
Less: Disposal gain (a) — 40 —
Adjusted total revenue – Non-GAAP $ 5,028 $ 4,752 $ 4,597 6 % 9 %
Noninterest expense – GAAP $ 3,206 $ 3,252 $ 3,070 (1) % 4 %
Less: Severance expense (b) 34 32 29
Litigation reserves (b) (16) 2 2
FDIC special assessment (b) (6) 6 (38)
Adjusted noninterest expense – Non-GAAP $ 3,194 $ 3,212 $ 3,077 (1) % 4 %
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $ 1,391 $ 1,149 $ 1,143 21 % 22 %
Less: Disposal gain (a) — 32 —
Severance expense (b) (27) (25) (22)
Litigation reserves (b) 16 (1) —
FDIC special assessment (b) 5 (5) 29
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation – Non-GAAP $ 1,397 $ 1,148 $ 1,136 22 % 23 %
Diluted earnings per common share – GAAP $ 1.93 $ 1.58 $ 1.52 22 % 27 %
Less: Disposal gain (a) — 0.04 —
Severance expense (b) (0.04) (0.03) (0.03)
Litigation reserves (b) 0.02 — —
FDIC special assessment (b) 0.01 (0.01) 0.04
Total diluted earnings per common share impact of notable items (0.01) — 0.01
Adjusted diluted earnings per common share – Non-GAAP $ 1.94 $ 1.58 $ 1.51 23 % 28 %
Operating leverage – GAAP (c) 633 bps 495 bps
Adjusted operating leverage – Non-GAAP (c) 637 bps 558 bps

(a)    Reflected in Investment and other revenue.

(b)    Severance expense is reflected in Staff expense, Litigation reserves in Other expense, and FDIC special assessment in Bank assessment charges, respectively.

(c)    Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense.

bps - basis points.

| BNY 2Q25 Financial Results | | --- || Pre-tax operating margin reconciliation | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | (dollars in millions) | 2Q25 | | | 1Q25 | | | 2Q24 | | | | Income before taxes – GAAP | $ | 1,839 | | $ | 1,522 | | $ | 1,527 | | | Impact of notable items (a) | (12) | | | — | | | 7 | | | | Adjusted income before taxes, excluding notable items – Non-GAAP | $ | 1,851 | | $ | 1,522 | | $ | 1,520 | | | Total revenue – GAAP | $ | 5,028 | | $ | 4,792 | | $ | 4,597 | | | Impact of notable items (a) | — | | | 40 | | | — | | | | Adjusted total revenue, excluding notable items – Non-GAAP | $ | 5,028 | | $ | 4,752 | | $ | 4,597 | | | Pre-tax operating margin – GAAP (b) | 37 | | % | 32 | | % | 33 | | % | | Adjusted pre-tax operating margin – Non-GAAP (b) | 37 | | % | 32 | | % | 33 | | % |

(a)    See page 9 for details of notable items and line items impacted.

(b)    Income before taxes divided by total revenue.

Return on common equity and return on tangible common equity reconciliation
(dollars in millions) 2Q25 1Q25 2Q24
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $ 1,391 $ 1,149 $ 1,143
Add: Amortization of intangible assets 11 11 13
Less: Tax impact of amortization of intangible assets 2 3 3
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP $ 1,400 $ 1,157 $ 1,153
Impact of notable items (a) (6) 1 7
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets and notable items – Non-GAAP $ 1,406 $ 1,156 $ 1,146
Average common shareholders’ equity $ 37,892 $ 36,980 $ 36,044
Less: Average goodwill 16,748 16,615 16,229
Average intangible assets 2,850 2,849 2,834
Add: Deferred tax liability – tax deductible goodwill 1,236 1,226 1,213
Deferred tax liability – intangible assets 668 666 655
Average tangible common shareholders’ equity – Non-GAAP $ 20,198 $ 19,408 $ 18,849
Return on common equity – GAAP (b) 14.7 % 12.6 % 12.7 %
Adjusted return on common equity – Non-GAAP (b) 14.8 % 12.6 % 12.7 %
Return on tangible common equity – Non-GAAP (b) 27.8 % 24.2 % 24.6 %
Adjusted return on tangible common equity – Non-GAAP (b) 27.9 % 24.2 % 24.4 %

(a)    See page 9 for details of notable items and line items impacted.

(b)    Returns are annualized.

CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS

A number of statements in this Earnings Release and in our Financial Supplement may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about our strategic priorities, financial performance and financial targets. Preliminary business metrics and regulatory capital ratios are subject to change, possibly materially, as we complete our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. Forward-looking statements are not guarantees of future results or occurrences, are inherently uncertain and are based upon current beliefs and expectations of future events, many of which are, by their nature, difficult to predict, outside of our control and subject to change.

By identifying these statements for you in this manner, we are alerting you to the possibility that our actual results may differ, possibly materially, from the anticipated results expressed or implied in these forward-looking statements as a result of a number of important factors, including the risk factors and other uncertainties set forth in our Annual Report on Form 10-K for the year ended Dec. 31, 2024 and our other filings with the Securities and Exchange Commission.

You should not place undue reliance on any forward-looking statement. All forward-looking statements speak only as of the date on which they were made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.

BNY 2Q25 Financial Results

ABOUT BNY

BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of June 30, 2025, BNY oversees $55.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.

CONFERENCE CALL INFORMATION

Robin Vince, Chief Executive Officer, and Dermot McDonogh, Chief Financial Officer, will host a conference call and simultaneous live audio webcast at 9:30 a.m. ET on July 15, 2025. This conference call and audio webcast will include forward-looking statements and may include other material information.

Investors and analysts wishing to access the conference call and audio webcast may do so by dialing +1 (800) 390-5696 (U.S.) or +1 (720) 452-9082 (International), and using the passcode: 200200, or by logging onto www.bny.com/investorrelations. Earnings materials will be available at www.bny.com/investorrelations beginning at approximately 6:30 a.m. ET on July 15, 2025.

An archived version of the second quarter conference call and audio webcast will be available beginning on July 15, 2025 at approximately 2:00 p.m. ET through August 15, 2025 at www.bny.com/investorrelations.

11

Document

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The Bank of New York Mellon Corporation
Financial Supplement
Second Quarter 2025
Table of Contents
--- ---
Consolidated Results Page
Consolidated Financial Highlights 3
Condensed Consolidated Income Statement 4
Condensed Consolidated Balance Sheet 5
Fee and Other Revenue 6
Average Balances and Interest Rates 7
Capital and Liquidity 8
Business Segment Results
Securities Services Business Segment 9
Market and Wealth Services Business Segment 11
Investment and Wealth Management Business Segment 13
AUM by Product Type, Changes in AUM and Wealth Management Client Assets 14
Other Segment 15
Other
Securities Portfolio 16
Allowance for Credit Losses and Nonperforming Assets 17
Supplemental Information
Explanation of GAAP and Non-GAAP Financial Measures 18
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CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted) 2Q25 vs. YTD25 vs.
1Q25 4Q24 3Q24 2Q24 1Q25 2Q24 YTD25 YTD24 YTD24
Selected income statement data
Fee and other revenue $ 3,825 $ 3,633 $ 3,653 $ 3,600 $ 3,567 5 % 7 % $ 7,458 $ 7,054 6 %
Net interest income 1,203 1,159 1,194 1,048 1,030 4 17 2,362 2,070 14
Total revenue 5,028 4,792 4,847 4,648 4,597 5 9 9,820 9,124 8
Provision for credit losses (17) 18 20 23 — N/M N/M 1 27 N/M
Noninterest expense 3,206 3,252 3,355 3,100 3,070 (1) 4 6,458 6,246 3
Income before income taxes 1,839 1,522 1,472 1,525 1,527 21 20 3,361 2,851 18
Provision for income taxes 404 300 315 336 357 35 13 704 654 8
Net income $ 1,435 $ 1,222 $ 1,157 $ 1,189 $ 1,170 17 % 23 % $ 2,657 $ 2,197 21 %
Net income applicable to common shareholders of The Bank of New York Mellon Corporation $ 1,391 $ 1,149 $ 1,130 $ 1,110 $ 1,143 21 % 22 % $ 2,540 $ 2,096 21 %
Diluted earnings per common share $ 1.93 $ 1.58 $ 1.54 $ 1.50 $ 1.52 22 % 27 % $ 3.51 $ 2.77 27 %
Average common shares and equivalents outstanding – diluted (in thousands) 720,007 727,398 733,720 742,080 751,596 (1) % (4) % 723,826 756,870 (4) %
Financial ratios (Quarterly returns are annualized)
Pre-tax operating margin 37 % 32 % 30 % 33 % 33 % 34 % 31 %
Return on common equity 14.7 % 12.6 % 12.2 % 12.0 % 12.7 % 13.7 % 11.7 %
Return on tangible common equity – Non-GAAP (a) 27.8 % 24.2 % 23.3 % 22.8 % 24.6 % 26.0 % 22.7 %
Non-U.S. revenue as a percentage of total revenue 36 % 33 % 35 % 35 % 36 % 35 % 35 %
Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b) $ 55.8 $ 53.1 $ 52.1 $ 52.1 $ 49.5 5 % 13 %
Assets under management (“AUM”) (in trillions) $ 2.11 $ 2.01 $ 2.03 $ 2.14 $ 2.05 5 % 3 %
Full-time employees 49,900 51,000 51,800 52,600 52,000 (2) % (4) %
Book value per common share $ 54.76 $ 52.82 $ 51.52 $ 51.78 $ 49.46
Tangible book value per common share – Non-GAAP (a) $ 29.57 $ 28.20 $ 27.05 $ 28.01 $ 26.19
Cash dividends per common share $ 0.47 $ 0.47 $ 0.47 $ 0.47 $ 0.42
Common dividend payout ratio 25 % 30 % 31 % 32 % 28 %
Closing stock price per common share $ 91.11 $ 83.87 $ 76.83 $ 71.86 $ 59.89
Market capitalization $ 64,254 $ 60,003 $ 55,139 $ 52,248 $ 44,196
Common shares outstanding (in thousands) 705,241 715,434 717,680 727,078 737,957
Capital ratios at period end (c)
Common Equity Tier 1 (“CET1”) ratio 11.5 % 11.5 % 11.2 % 11.9 % 11.4 %
Tier 1 capital ratio 14.6 % 14.6 % 13.7 % 14.5 % 14.0 %
Total capital ratio 15.6 % 15.7 % 14.8 % 15.6 % 15.0 %
Tier 1 leverage ratio 6.1 % 6.2 % 5.7 % 6.0 % 5.8 %
Supplementary leverage ratio (“SLR”) 6.9 % 6.9 % 6.5 % 7.0 % 6.8 %
(a) Non-GAAP information, for all periods presented, excludes goodwill and intangible assets, net of deferred tax liabilities. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of Non-GAAP measures.
(b) Includes the AUC/A of CIBC Mellon Trust Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of 2.0 trillion at June 30, 2025, 1.9 trillion at March 31, 2025, 1.8 trillion at Dec. 31, 2024, 1.9 trillion at Sept. 30, 2024 and 1.7 trillion at June 30, 2024.
(c) Regulatory capital ratios for June 30, 2025 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for June 30, 2025, March 31, 2025 and Dec. 31, 2024 was the Standardized Approach, for Sept. 30, 2024 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, and for June 30, 2024 was the Standardized Approach.
N/M – Not meaningful.

All values are in US Dollars.

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CONDENSED CONSOLIDATED INCOME STATEMENT
(dollars in millions, except per share amounts; common shares in thousands) 2Q25 vs. YTD25 vs.
2Q25 1Q25 4Q24 3Q24 2Q24 1Q25 2Q24 YTD25 YTD24 YTD24
Revenue
Investment services fees $ 2,583 $ 2,411 $ 2,438 $ 2,344 $ 2,359 7 % 9 % $ 4,994 $ 4,637 8 %
Investment management and performance fees 758 739 808 794 761 3 — 1,497 1,537 (3)
Foreign exchange revenue 213 156 177 175 184 37 16 369 336 10
Financing-related fees 51 60 53 53 53 (15) (4) 111 110 1
Distribution and servicing fees 36 37 37 38 41 (3) (12) 73 83 (12)
Total fee revenue 3,641 3,403 3,513 3,404 3,398 7 7 7,044 6,703 5
Investment and other revenue 184 230 140 196 169 N/M N/M 414 351 N/M
Total fee and other revenue 3,825 3,633 3,653 3,600 3,567 5 7 7,458 7,054 6
Net interest income 1,203 1,159 1,194 1,048 1,030 4 17 2,362 2,070 14
Total revenue 5,028 4,792 4,847 4,648 4,597 5 9 9,820 9,124 8
Provision for credit losses (17) 18 20 23 — N/M N/M 1 27 N/M
Noninterest expense
Staff 1,768 1,834 1,817 1,736 1,720 (4) 3 3,602 3,577 1
Software and equipment 527 513 520 491 476 3 11 1,040 951 9
Professional, legal and other purchased services 388 366 410 370 374 6 4 754 723 4
Sub-custodian and clearing 150 131 128 117 134 15 12 281 253 11
Net occupancy 132 136 149 130 134 (3) (1) 268 258 4
Distribution and servicing 63 65 87 90 88 (3) (28) 128 184 (30)
Business development 53 48 54 48 50 10 6 101 86 17
Bank assessment charges 22 38 16 10 (7) N/M N/M 60 10 N/M
Amortization of intangible assets 11 11 13 12 13 — (15) 22 25 (12)
Other 92 110 161 96 88 (16) 5 202 179 13
Total noninterest expense 3,206 3,252 3,355 3,100 3,070 (1) 4 6,458 6,246 3
Income before income taxes 1,839 1,522 1,472 1,525 1,527 21 20 3,361 2,851 18
Provision for income taxes 404 300 315 336 357 35 13 704 654 8
Net income 1,435 1,222 1,157 1,189 1,170 17 23 2,657 2,197 21
Net (income) attributable to noncontrolling interests (12) (2) (2) (7) (2) N/M N/M (14) (4) N/M
Preferred stock dividends (32) (71) (25) (72) (25) N/M N/M (103) (97) N/M
Net income applicable to common shareholders of The Bank of New York Mellon Corporation $ 1,391 $ 1,149 $ 1,130 $ 1,110 $ 1,143 21 % 22 % $ 2,540 $ 2,096 21 %
Average common shares and equivalents outstanding: Basic 714,799 720,951 726,568 736,547 746,904 (1) % (4) % 718,039 751,961 (5) %
Diluted 720,007 727,398 733,720 742,080 751,596 (1) % (4) % 723,826 756,870 (4) %
Earnings per common share: Basic $ 1.95 $ 1.59 $ 1.56 $ 1.51 $ 1.53 23 % 27 % $ 3.54 $ 2.79 27 %
Diluted $ 1.93 $ 1.58 $ 1.54 $ 1.50 $ 1.52 22 % 27 % $ 3.51 $ 2.77 27 %
N/M – Not meaningful.
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CONDENSED CONSOLIDATED BALANCE SHEET
2025 2024
(dollars in millions) June 30 March 31 Dec. 31 Sept. 30 June 30
Assets
Cash and due from banks $ 5,699 $ 5,354 $ 4,178 $ 6,234 $ 5,311
Interest-bearing deposits with the Federal Reserve and other central banks 135,602 102,303 89,546 102,231 116,139
Interest-bearing deposits with banks 12,069 11,945 9,612 9,354 11,488
Federal funds sold and securities purchased under resale agreements 45,547 41,316 41,146 36,164 29,723
Securities 147,068 145,385 136,627 141,876 136,850
Trading assets 12,610 11,978 13,981 12,459 9,609
Loans 73,096 71,404 71,570 69,451 70,642
Allowance for loan losses (275) (295) (294) (296) (286)
Net loans 72,821 71,109 71,276 69,155 70,356
Premises and equipment 3,289 3,257 3,266 3,380 3,267
Accrued interest receivable 1,348 1,302 1,293 1,319 1,253
Goodwill 16,823 16,661 16,598 16,338 16,217
Intangible assets 2,849 2,846 2,851 2,824 2,826
Other assets 30,056 27,235 25,690 26,127 25,500
Total assets $ 485,781 $ 440,691 $ 416,064 $ 427,461 $ 428,539
Liabilities
Deposits $ 346,393 $ 308,644 $ 289,524 $ 296,438 $ 304,311
Federal funds purchased and securities sold under repurchase agreements 15,492 15,663 14,064 14,574 15,701
Trading liabilities 6,134 4,580 4,865 4,553 3,372
Payables to customers and broker-dealers 21,273 22,244 20,073 19,741 17,569
Commercial paper 2,361 1,662 301 301 301
Other borrowed funds 293 212 225 401 280
Accrued taxes and other expenses 4,634 4,438 5,270 5,138 4,729
Other liabilities 11,233 8,756 9,124 10,726 10,208
Long-term debt 33,429 30,869 30,854 33,199 30,947
Total liabilities 441,242 397,068 374,300 385,071 387,418
Temporary equity
Redeemable noncontrolling interests 111 94 87 107 92
Permanent equity
Preferred stock 5,331 5,331 4,343 4,343 4,343
Common stock 14 14 14 14 14
Additional paid-in capital 29,659 29,535 29,321 29,230 29,139
Retained earnings 44,388 43,343 42,537 41,756 40,999
Accumulated other comprehensive loss, net of tax (3,549) (4,115) (4,656) (3,867) (4,900)
Less: Treasury stock, at cost (31,893) (30,989) (30,241) (29,484) (28,752)
Total The Bank of New York Mellon Corporation shareholders’ equity 43,950 43,119 41,318 41,992 40,843
Nonredeemable noncontrolling interests of consolidated investment management funds 478 410 359 291 186
Total permanent equity 44,428 43,529 41,677 42,283 41,029
Total liabilities, temporary equity and permanent equity $ 485,781 $ 440,691 $ 416,064 $ 427,461 $ 428,539
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FEE AND OTHER REVENUE
2Q25 vs. YTD25 vs.
(dollars in millions) 2Q25 1Q25 4Q24 3Q24 2Q24 1Q25 2Q24 YTD25 YTD24 YTD24
Investment services fees $ 2,583 $ 2,411 $ 2,438 $ 2,344 $ 2,359 7 % 9 % $ 4,994 $ 4,637 8 %
Investment management and performance fees:
Investment management fees (a) 748 734 788 781 753 2 (1) 1,482 1,519 (2)
Performance fees 10 5 20 13 8 N/M N/M 15 18 N/M
Total investment management and performance fees (b) 758 739 808 794 761 3 — 1,497 1,537 (3)
Foreign exchange revenue 213 156 177 175 184 37 16 369 336 10
Financing-related fees 51 60 53 53 53 (15) (4) 111 110 1
Distribution and servicing fees 36 37 37 38 41 (3) (12) 73 83 (12)
Total fee revenue 3,641 3,403 3,513 3,404 3,398 7 7 7,044 6,703 5
Investment and other revenue:
Income (loss) from consolidated investment management funds 35 6 (5) 28 8 N/M N/M 41 23 N/M
Seed capital gains (losses) (c) 8 (6) 3 3 — N/M N/M 2 14 N/M
Other trading revenue 59 71 89 79 77 N/M N/M 130 146 N/M
Renewable energy investment gains 15 15 5 6 8 N/M N/M 30 14 N/M
Corporate/bank-owned life insurance 35 38 47 36 26 N/M N/M 73 54 N/M
Other investments gains (d) 26 24 8 12 30 N/M N/M 50 47 N/M
Disposal gains — 40 — — — N/M N/M 40 — N/M
Expense reimbursements from joint venture 34 31 29 32 30 N/M N/M 65 57 N/M
Other income 7 11 14 17 7 N/M N/M 18 14 N/M
Net securities (losses) (35) — (50) (17) (17) N/M N/M (35) (18) N/M
Total investment and other revenue 184 230 140 196 169 N/M N/M 414 351 N/M
Total fee and other revenue $ 3,825 $ 3,633 $ 3,653 $ 3,600 $ 3,567 5 % 7 % $ 7,458 $ 7,054 6 %
(a) Excludes seed capital gains (losses) related to consolidated investment management funds.
(b) On a constant currency basis, investment management and performance fees decreased 2% (Non-GAAP) compared with 2Q24. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.
(c) Includes gains (losses) on investments in BNY funds which hedge deferred incentive awards.
(d) Includes strategic equity, private equity and other investments.
N/M – Not meaningful.
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AVERAGE BALANCES AND INTEREST RATES
1Q25 4Q24 3Q24 2Q24
Average rate Average balance Average rate Average balance Average rate Average balance Average rate Average balance Average rate
(dollars in millions; average rates are annualized)
Assets
Interest-earning assets:
Interest-bearing deposits with the Federal Reserve and other central banks 99,426 3.73 % $ 86,038 3.84 % $ 94,337 4.18 % $ 100,611 4.62 % $ 102,257 4.65 %
Interest-bearing deposits with banks 3.10 10,083 3.39 10,479 3.54 10,559 4.15 11,210 3.91
Federal funds sold and securities purchased under resale agreements 32.23 (a) 41,166 28.79 (a) 37,939 31.22 (a) 31,183 36.65 (a) 29,013 36.48 (a)
Loans 5.81 69,670 5.80 69,211 6.17 69,205 6.57 68,283 6.58
Securities:
U.S. government obligations 3.63 26,614 3.49 27,223 3.47 28,490 3.71 28,347 3.82
U.S. government agency obligations 3.36 63,514 3.27 63,166 3.31 62,572 3.26 62,549 3.29
Other securities 3.58 51,403 3.62 49,675 3.76 48,647 4.00 46,828 4.04
Total investment securities 3.49 141,531 3.44 140,064 3.50 139,709 3.61 137,724 3.66
Trading securities (b) 4.84 6,199 5.29 5,738 6.13 5,667 5.33 5,146 5.89
Total securities (b) 3.56 147,730 3.52 145,802 3.61 145,376 3.68 142,870 3.74
Total interest-earning assets (b) 375,542 7.03 % $ 354,687 6.97 % $ 357,768 7.18 % $ 356,934 7.40 % $ 353,633 7.24 %
Noninterest-earning assets 61,157 62,576 59,463 58,866
Total assets 438,608 $ 415,844 $ 420,344 $ 416,397 $ 412,499
Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits 250,688 2.95 % $ 234,394 2.98 % $ 235,281 3.27 % $ 236,724 3.82 % $ 235,878 3.85 %
Federal funds purchased and securities sold under repurchase agreements 65.95 (a) 17,566 60.25 (a) 17,599 60.52 (a) 16,584 62.85 (a) 17,711 55.26 (a)
Trading liabilities 4.94 2,063 4.56 1,887 4.61 1,844 4.83 1,689 5.43
Other borrowed funds 5.06 288 5.93 484 2.32 418 3.15 351 8.61
Commercial paper 4.56 1,279 4.51 2,336 4.83 1,474 5.50 954 5.54
Payables to customers and broker-dealers 4.19 15,142 4.21 13,672 4.77 12,737 5.29 12,066 5.35
Long-term debt 5.64 31,216 5.57 31,506 5.58 33,154 5.93 31,506 5.92
Total interest-bearing liabilities 321,236 6.74 % $ 301,948 6.66 % $ 302,765 6.92 % $ 302,935 7.36 % $ 300,155 7.18 %
Total noninterest-bearing deposits 48,141 51,207 47,962 48,965
Other noninterest-bearing liabilities 23,808 24,790 24,122 22,839
Total The Bank of New York Mellon Corporation shareholders’ equity 41,542 41,266 41,115 40,387
Noncontrolling interests 405 316 263 153
Total liabilities and equity 438,608 $ 415,844 $ 420,344 $ 416,397 $ 412,499
Net interest margin 1.27 % 1.30 % 1.32 % 1.16 % 1.15 %
Net interest margin (FTE) – Non-GAAP (c) 1.27 % 1.30 % 1.32 % 1.16 % 1.15 %
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately 247 billion for 2Q25, 224 billion for 1Q25, 208 billion for 4Q24, 179 billion for 3Q24 and 163 billion for 2Q24. On a Non-GAAP basis, excluding the impact of offsetting, the yield on federal funds sold and securities purchased under resale agreements would have been 4.45% for 2Q25, 4.46% for 1Q25, 4.82% for 4Q24, 5.43% for 3Q24 and 5.51% for 2Q24. On a Non-GAAP basis, excluding the impact of offsetting, the rate on federal funds purchased and securities sold under repurchase agreements would have been 4.36% for 2Q25, 4.37% for 1Q25, 4.73% for 4Q24, 5.32% for 3Q24 and 5.41% for 2Q24. We believe providing the rates excluding the impact of netting is useful to investors as it is more reflective of the actual rates earned and paid.
(b) Average rates were calculated on an FTE basis, at tax rates of approximately 21%.
(c) See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.

All values are in US Dollars.

THE BANK OF NEW YORK MELLON CORPORATION bny_logoxposxrgba.jpg
CAPITAL AND LIQUIDITY
2025 2024
(dollars in millions) June 30 March 31 Dec. 31 Sept. 30 June 30
Consolidated regulatory capital ratios (a)
Standardized Approach:
CET1 capital $ 20,149 $ 19,505 $ 18,759 $ 19,687 $ 18,671
Tier 1 capital 25,472 24,783 23,039 23,972 23,006
Total capital 27,244 26,581 24,818 25,865 24,538
Risk-weighted assets 175,058 169,262 167,786 165,652 164,094
CET1 ratio 11.5 % 11.5 % 11.2 % 11.9 % 11.4 %
Tier 1 capital ratio 14.6 14.6 13.7 14.5 14.0
Total capital ratio 15.6 15.7 14.8 15.6 15.0
Advanced Approaches:
CET1 capital $ 20,149 $ 19,505 $ 18,759 $ 19,687 $ 18,671
Tier 1 capital 25,472 24,783 23,039 23,972 23,006
Total capital 26,898 26,246 24,535 25,534 24,201
Risk-weighted assets 168,222 162,234 160,472 163,858 161,778
CET1 ratio 12.0 % 12.0 % 11.7 % 12.0 % 11.5 %
Tier 1 capital ratio 15.1 15.3 14.4 14.6 14.2
Total capital ratio 16.0 16.2 15.3 15.6 15.0
Tier 1 leverage ratio (a):
Average assets for Tier 1 leverage ratio $ 420,131 $ 397,513 $ 402,069 $ 398,381 $ 394,672
Tier 1 leverage ratio 6.1 % 6.2 % 5.7 % 6.0 % 5.8 %
SLR (a):
Leverage exposure $ 369,289 $ 359,666 $ 353,523 $ 342,942 $ 336,971
SLR 6.9 % 6.9 % 6.5 % 7.0 % 6.8 %
Average liquidity coverage ratio (a) 112 % 116 % 115 % 116 % 115 %
Average net stable funding ratio (a) 131 % 132 % 132 % 132 % 132 %
(a) Regulatory capital and liquidity ratios for June 30, 2025 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for June 30, 2025, March 31, 2025 and Dec. 31, 2024 was the Standardized Approach, for Sept. 30, 2024 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, and for June 30, 2024 was the Standardized Approach.
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SECURITIES SERVICES BUSINESS SEGMENT
2Q25 vs. YTD25 vs.
(dollars in millions) 2Q25 1Q25 4Q24 3Q24 2Q24 1Q25 2Q24 YTD25 YTD24 YTD24
Revenue:
Investment services fees:
Asset Servicing $ 1,094 $ 1,062 $ 1,042 $ 1,021 $ 1,018 3 % 7 % $ 2,156 $ 2,031 6 %
Issuer Services 376 267 295 285 322 41 17 643 583 10
Total investment services fees 1,470 1,329 1,337 1,306 1,340 11 10 2,799 2,614 7
Foreign exchange revenue 175 136 147 137 144 29 22 311 268 16
Other fees (a) 60 65 62 57 56 (8) 7 125 115 9
Total fee revenue 1,705 1,530 1,546 1,500 1,540 11 11 3,235 2,997 8
Investment and other revenue 94 140 97 105 104 N/M N/M 234 203 N/M
Total fee and other revenue 1,799 1,670 1,643 1,605 1,644 8 9 3,469 3,200 8
Net interest income 675 630 681 609 595 7 13 1,305 1,178 11
Total revenue 2,474 2,300 2,324 2,214 2,239 8 10 4,774 4,378 9
Provision for credit losses (13) 8 15 15 (3) N/M N/M (5) 8 N/M
Noninterest expense (ex. amortization of intangible assets) 1,613 1,578 1,659 1,550 1,547 2 4 3,191 3,077 4
Amortization of intangible assets 7 6 7 7 7 17 — 13 14 (7)
Total noninterest expense 1,620 1,584 1,666 1,557 1,554 2 4 3,204 3,091 4
Income before income taxes $ 867 $ 708 $ 643 $ 642 $ 688 22 % 26 % $ 1,575 $ 1,279 23 %
Total revenue by line of business:
Asset Servicing $ 1,870 $ 1,786 $ 1,797 $ 1,720 $ 1,687 5 % 11 % $ 3,656 $ 3,355 9 %
Issuer Services 604 514 527 494 552 18 9 1,118 1,023 9
Total revenue by line of business $ 2,474 $ 2,300 $ 2,324 $ 2,214 $ 2,239 8 % 10 % $ 4,774 $ 4,378 9 %
Financial ratios:
Pre-tax operating margin 35 % 31 % 28 % 29 % 31 % 33 % 29 %
Memo: Securities lending revenue (b) $ 56 $ 52 $ 52 $ 47 $ 46 8 % 22 % $ 108 $ 92 17 %
(a) Other fees primarily include financing-related fees.
(b) Included in investment services fees reported in the Asset Servicing line of business.
N/M – Not meaningful.
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SECURITIES SERVICES BUSINESS SEGMENT
2Q25 vs. YTD25 vs.
(dollars in millions, unless otherwise noted) 1Q25 4Q24 3Q24 2Q24 1Q25 2Q24 YTD25 YTD24 YTD24
Selected balance sheet data:
Average loans 11,327 $ 11,347 $ 11,553 $ 11,077 $ 11,103 — % 2 % $ 11,337 $ 11,154 2 %
Average assets (a) 206,552 $ 194,901 $ 200,277 $ 199,057 $ 196,015 6 % 5 % $ 200,759 $ 193,780 4 %
Average deposits 185,831 $ 175,854 $ 180,843 $ 180,500 $ 178,495 6 % 4 % $ 180,870 $ 176,591 2 %
Selected metrics:
AUC/A at period end (in trillions) (b)(c) 40.1 $ 38.1 $ 37.7 $ 37.5 $ 35.7 5 % 12 %
Market value of securities on loan at period end (in billions) (d) 516 $ 504 $ 488 $ 484 $ 481 2 % 7 %
Issuer Services
Total debt serviced at period end (in trillions) 14.3 $ 13.9 $ 14.1 $ 14.3 $ 14.1 3 % 1 %
Number of sponsored Depositary Receipts programs at period end 488 499 507 516 (1) % (7) %
(a) In business segments where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.
(b) June 30, 2025 information is preliminary.
(c) Consists of AUC/A primarily from the Asset Servicing line of business and, to a lesser extent, the Issuer Services line of business. Includes the AUC/A of CIBC Mellon of 2.0 trillion at June 30, 2025, 1.9 trillion at March 31, 2025, 1.8 trillion at Dec. 31, 2024, 1.9 trillion at Sept. 30, 2024 and 1.7 trillion at June 30, 2024.
(d) Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY acts as agent on behalf of CIBC Mellon clients, which totaled 68 billion at June 30, 2025, 62 billion at March 31, 2025, 60 billion at Dec. 31, 2024, 67 billion at Sept. 30, 2024 and 66 billion at June 30, 2024.

All values are in US Dollars.

THE BANK OF NEW YORK MELLON CORPORATION bny_logoxposxrgba.jpg
MARKET AND WEALTH SERVICES BUSINESS SEGMENT
2Q25 vs. YTD25 vs.
(dollars in millions) 2Q25 1Q25 4Q24 3Q24 2Q24 1Q25 2Q24 YTD25 YTD24 YTD24
Revenue:
Investment services fees:
Pershing $ 513 $ 503 $ 516 $ 475 $ 474 2 % 8 % $ 1,016 $ 956 6 %
Treasury Services 209 209 206 200 202 — 3 418 386 8
Clearance and Collateral Management 385 362 364 354 338 6 14 747 667 12
Total investment services fees 1,107 1,074 1,086 1,029 1,014 3 9 2,181 2,009 9
Foreign exchange revenue 30 29 27 23 23 3 30 59 47 26
Other fees (a) 63 65 61 58 58 (3) 9 128 116 10
Total fee revenue 1,200 1,168 1,174 1,110 1,095 3 10 2,368 2,172 9
Investment and other revenue 36 21 19 20 23 N/M N/M 57 40 N/M
Total fee and other revenue 1,236 1,189 1,193 1,130 1,118 4 11 2,425 2,212 10
Net interest income 506 497 474 415 417 2 21 1,003 840 19
Total revenue 1,742 1,686 1,667 1,545 1,535 3 13 3,428 3,052 12
Provision for credit losses (6) 4 9 7 (2) N/M N/M (2) 3 N/M
Noninterest expense (ex. amortization of intangible assets) 897 865 851 833 832 4 8 1,762 1,665 6
Amortization of intangible assets — 1 1 1 1 (100) (100) 1 2 (50)
Total noninterest expense 897 866 852 834 833 4 8 1,763 1,667 6
Income before income taxes $ 851 $ 816 $ 806 $ 704 $ 704 4 % 21 % $ 1,667 $ 1,382 21 %
Total revenue by line of business:
Pershing $ 739 $ 719 $ 705 $ 649 $ 663 3 % 11 % $ 1,458 $ 1,333 9 %
Treasury Services 490 477 471 424 426 3 15 967 842 15
Clearance and Collateral Management 513 490 491 472 446 5 15 1,003 877 14
Total revenue by line of business $ 1,742 $ 1,686 $ 1,667 $ 1,545 $ 1,535 3 % 13 % $ 3,428 $ 3,052 12 %
Financial ratios:
Pre-tax operating margin 49 % 48 % 48 % 46 % 46 % 49 % 45 %
(a) Other fees primarily include financing-related fees.
N/M – Not meaningful.
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MARKET AND WEALTH SERVICES BUSINESS SEGMENT
2Q25 vs. YTD25 vs.
(dollars in millions, unless otherwise noted) 2Q25 1Q25 4Q24 3Q24 2Q24 1Q25 2Q24 YTD25 YTD24 YTD24
Selected balance sheet data:
Average loans $ 44,262 $ 42,986 $ 42,217 $ 42,730 $ 41,893 3 % 6 % $ 43,627 $ 40,582 8 %
Average assets (a) $ 135,119 $ 129,244 $ 126,919 $ 122,526 $ 124,790 5 % 8 % $ 132,198 $ 124,171 6 %
Average deposits $ 96,566 $ 91,905 $ 90,980 $ 88,856 $ 91,371 5 % 6 % $ 94,248 $ 90,455 4 %
Selected metrics:
AUC/A at period end (in trillions) (b)(c) $ 15.4 $ 14.7 $ 14.1 $ 14.3 $ 13.4 5 % 15 %
Pershing
AUC/A at period end (in trillions) (b) $ 2.8 $ 2.7 $ 2.7 $ 2.7 $ 2.6 4 % 8 %
Net new assets (U.S. platform) (in billions) (d) $ (10) $ 11 $ 41 $ (22) $ (23) N/M N/M
Daily average revenue trades (“DARTs”) (U.S. platform) (in thousands) 334 298 254 251 280 12 % 19 %
Average active clearing accounts (in thousands) 8,405 8,406 8,260 8,085 8,057 — % 4 %
Treasury Services
Average daily U.S. dollar payment volumes 246,250 244,673 250,714 242,243 241,253 1 % 2 %
Clearance and Collateral Management
Average collateral balances (in billions) $ 7,061 $ 6,576 $ 6,463 $ 6,380 $ 6,085 7 % 16 %
(a) In business segments where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.
(b) June 30, 2025 information is preliminary.
(c) Consists of AUC/A from the Clearance and Collateral Management and Pershing lines of business.
(d) Net new assets represent net flows of assets (e.g., net cash deposits and net securities transfers, including dividends and interest) in customer accounts in Pershing LLC, a U.S. broker-dealer.
N/M – Not meaningful.
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INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT
2Q25 vs. YTD25 vs.
(dollars in millions) 1Q25 4Q24 3Q24 2Q24 1Q25 2Q24 YTD25 YTD24 YTD24
Revenue:
Investment management fees (a) 748 $ 735 $ 789 $ 782 $ 754 2 % (1) % $ 1,483 $ 1,522 (3) %
Performance fees 5 20 13 8 N/M N/M 15 18 N/M
Investment management and performance fees (b) 740 809 795 762 2 (1) 1,498 1,540 (3)
Distribution and servicing fees 68 68 68 69 1 — 137 139 (1)
Other fees (c) (75) (64) (68) (64) N/M N/M (151) (124) N/M
Total fee revenue 733 813 795 767 2 (2) 1,484 1,555 (5)
Investment and other revenue (d) 5 13 9 11 N/M N/M 14 28 N/M
Total fee and other revenue (d) 738 826 804 778 3 (2) 1,498 1,583 (5)
Net interest income 41 47 45 43 — (5) 82 84 (2)
Total revenue 779 873 849 821 3 (2) 1,580 1,667 (5)
Provision for credit losses 2 — 1 4 N/M N/M 2 3 N/M
Noninterest expense (ex. amortization of intangible assets) (a) 710 695 668 663 (9) (2) 1,359 1,399 (3)
Amortization of intangible assets 4 5 4 5 — (20) 8 9 (11)
Total noninterest expense 714 700 672 668 (9) (2) 1,367 1,408 (3)
Income before income taxes 148 $ 63 $ 173 $ 176 $ 149 135 % (1) % $ 211 $ 256 (18) %
Total revenue by line of business:
Investment Management (a) 531 $ 505 $ 585 $ 569 $ 549 5 % (3) % $ 1,036 $ 1,125 (8) %
Wealth Management 274 288 280 272 (1) (1) 544 542 —
Total revenue by line of business 801 $ 779 $ 873 $ 849 $ 821 3 % (2) % $ 1,580 $ 1,667 (5) %
Financial ratios:
Pre-tax operating margin % 8 % 20 % 21 % 18 % 13 % 15 %
Adjusted pre-tax operating margin – Non-GAAP (e) % 9 % 22 % 23 % 20 % 15 % 17 %
Selected balance sheet data:
Average loans 13,991 $ 13,537 $ 13,718 $ 13,648 $ 13,520 3 % 3 % $ 13,765 $ 13,536 2 %
Average assets (f) 27,114 $ 26,402 $ 26,706 $ 26,525 $ 26,031 3 % 4 % $ 26,760 $ 26,151 2 %
Average deposits 9,216 $ 9,917 $ 9,967 $ 10,032 $ 11,005 (7) % (16) % $ 9,565 $ 11,185 (14) %
(a) Effective 1Q25, an adjustment for certain rebates, which were previously recorded as distribution and servicing expense, began to be reflected as a reduction of investment management fees. These amounts totaled approximately 20 million for all quarterly periods presented and impacted the year-over-year variances for investment management fees and related revenue subtotals, noninterest expense and Investment Management total revenue in the table above.
(b) On a constant currency basis, investment management and performance fees decreased 2% (Non-GAAP) compared with 2Q24. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.
(c) Other fees primarily include investment services fees.
(d) Investment and other revenue and total fee and other revenue are net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds.
(e) Net of distribution and servicing expense. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.
(f) In business segments where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.
N/M – Not meaningful.

All values are in US Dollars.

THE BANK OF NEW YORK MELLON CORPORATION bny_logoxposxrgba.jpg
AUM BY PRODUCT TYPE, CHANGES IN AUM AND WEALTH MANAGEMENT CLIENT ASSETS
2Q25 vs. YTD25 vs.
(dollars in billions) 2Q25 1Q25 4Q24 3Q24 2Q24 1Q25 2Q24 YTD25 YTD24 YTD24
AUM by product type (a)(b):
Equity $ 168 $ 156 $ 162 $ 173 $ 167 8 % 1 %
Fixed income 248 234 221 235 221 6 12
Index 488 470 491 498 485 4 1
Liability-driven investments 588 549 548 637 598 7 (2)
Multi-asset and alternative investments 173 167 171 175 173 4 —
Cash 441 432 436 426 401 2 10
Total AUM $ 2,106 $ 2,008 $ 2,029 $ 2,144 $ 2,045 5 % 3 %
Changes in AUM (a)(b):
Beginning balance of AUM $ 2,008 $ 2,029 $ 2,144 $ 2,045 $ 2,015 $ 2,029 $ 1,974
Net inflows (outflows):
Long-term strategies:
Equity (3) (3) (5) (2) (4) (6) (8)
Fixed income 5 2 (2) 4 4 7 16
Liability-driven investments — 1 (11) (4) 4 1 17
Multi-asset and alternative investments (4) (2) (2) (6) (2) (6) (7)
Total long-term active strategies (outflows) inflows (2) (2) (20) (8) 2 (4) 18
Index (22) (11) (7) (16) (4) (33) (19)
Total long-term strategies (outflows) inflows (24) (13) (27) (24) (2) (37) (1)
Short-term strategies:
Cash 7 (5) 12 24 (7) 2 9
Total net (outflows) inflows (17) (18) (15) — (9) (35) 8
Net market impact 70 (25) (45) 58 40 45 56
Net currency impact 45 22 (55) 41 (1) 67 (11)
Other — — — — — — 18 (c)
Ending balance of AUM $ 2,106 $ 2,008 $ 2,029 $ 2,144 $ 2,045 5 % 3 % $ 2,106 $ 2,045 3 %
Wealth Management client assets (a)(d) $ 339 $ 327 $ 327 $ 333 $ 308 4 % 10 %
(a) June 30, 2025 information is preliminary.
(b) Represents assets managed in the Investment and Wealth Management business segment.
(c) Reflects the realignment of similar products and services within our lines of business. Refer to Form 8-K dated March 26, 2024 for further information.
(d) Includes AUM and AUC/A in the Wealth Management line of business.
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OTHER SEGMENT
(dollars in millions) 2Q25 1Q25 4Q24 3Q24 2Q24 YTD25 YTD24
Revenue:
Fee revenue $ (15) $ (28) $ (20) $ (1) $ (4) $ (43) $ (21)
Investment and other revenue 33 62 9 55 29 95 76
Total fee and other revenue 18 34 (11) 54 25 52 55
Net interest (expense) (19) (9) (8) (21) (25) (28) (32)
Total revenue (1) 25 (19) 33 — 24 23
Provision for credit losses 2 4 (4) — 1 6 13
Noninterest expense 36 88 137 37 15 124 80
(Loss) before income taxes $ (39) $ (67) $ (152) $ (4) $ (16) $ (106) $ (70)
Selected balance sheet data:
Average loans and leases $ 1,685 $ 1,800 $ 1,723 $ 1,750 $ 1,767 $ 1,743 $ 1,791
Average assets $ 69,823 $ 65,297 $ 66,442 $ 68,289 $ 65,663 $ 67,572 $ 64,140
THE BANK OF NEW YORK MELLON CORPORATION
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SECURITIES PORTFOLIO
(dollars in millions) March 31, 2025 2Q25<br>change in<br>unrealized<br>gain (loss) June 30, 2025 Fair value<br>as a % of amortized<br>cost (a) Unrealized<br>gain (loss) % Floating<br><br>rate (b) Ratings (c)
Fair value AAA/<br>AA- A+/<br>A- BBB+/<br>BBB- BB+ and<br>lower Not<br>rated
Fair value
Agency RMBS $ 44,912 $ 204 $ 47,440 $ 44,277 93 % $ (3,163) 20 % 100 % — % — % — % — %
Non-U.S. government (d) 33,025 191 34,090 34,047 100 (43) 24 94 4 2 — —
U.S. Treasury 27,898 62 30,068 29,732 99 (336) 41 100 — — — —
Agency commercial MBS 10,197 51 10,272 9,935 97 (337) 44 100 — — — —
Foreign covered bonds 7,856 27 8,460 8,443 100 (17) 36 100 — — — —
CLOs 7,844 10 8,062 8,061 100 (1) 100 100 — — — —
U.S. government agencies 5,391 32 5,139 4,906 95 (233) 24 100 — — — —
Non-agency commercial MBS 2,458 19 2,486 2,369 95 (117) 48 100 — — — —
Non-agency RMBS 1,445 3 1,567 1,427 91 (140) 39 100 — — — —
Other asset-backed securities 499 5 454 426 94 (28) 20 100 — — — —
Other debt securities 10 — 11 10 91 (1) — — — — — 100
Total securities $ 141,535 $ 604 $ 148,049 $ 143,633 (e) 97 % $ (4,416) (f) 33 % 99 % 1 % — % — % — %
(a) Amortized cost includes the impact of hedged item basis adjustments, which was a net decrease of 901 million, and is net of allowance for credit losses.
(b) Includes the impact of hedges.
(c) Represents ratings by S&P, or the equivalent.
(d) Includes supranational securities.
(e) The fair value of available-for-sale securities totaled 98,671 million at June 30, 2025, or 69% of the securities portfolio. The fair value of the held-to-maturity securities totaled 44,962 million at June 30, 2025, or 31% of the securities portfolio.
(f) At June 30, 2025, includes pre-tax net unrealized losses of 981 million related to available-for-sale securities, net of hedges, and 3,435 million related to held-to-maturity securities. The after-tax unrealized losses, net of hedges, related to available-for-sale securities was 746 million and the after-tax equivalent related to held-to-maturity securities was 2,621 million.
Note: At June 30, 2025, the accretable discount relating to securities was 1,289 million. Including the discontinued hedges, net accretion was 105 million in 2Q25.

All values are in US Dollars.

THE BANK OF NEW YORK MELLON CORPORATION bny_logoxposxrgba.jpg
ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS
2025 2024
(dollars in millions) June 30 March 31 Dec. 31 Sept. 30 June 30
Allowance for credit losses – beginning of period:
Allowance for loan losses $ 295 $ 294 $ 296 $ 286 $ 322
Allowance for lending-related commitments 75 72 75 73 81
Allowance for other financial instruments (a) 31 26 30 37 37
Allowance for credit losses – beginning of period $ 401 $ 392 $ 401 $ 396 $ 440
Net (charge-offs) recoveries:
Charge-offs (10) (10) (30) (18) (44)
Recoveries 5 1 1 — —
Total net (charge-offs) (5) (9) (29) (18) (44)
Provision for credit losses (b) (17) 18 20 23 —
Allowance for credit losses – end of period $ 379 $ 401 $ 392 $ 401 $ 396
Allowance for credit losses – end of period:
Allowance for loan losses $ 275 $ 295 $ 294 $ 296 $ 286
Allowance for lending-related commitments 70 75 72 75 73
Allowance for other financial instruments (a) 34 31 26 30 37
Allowance for credit losses – end of period $ 379 $ 401 $ 392 $ 401 $ 396
Allowance for loan losses as a percentage of total loans 0.38 % 0.41 % 0.41 % 0.43 % 0.40 %
Nonperforming assets $ 161 $ 213 $ 179 $ 211 $ 227
(a) Includes allowance for credit losses on federal funds sold and securities purchased under resale agreements, available-for-sale securities, held-to-maturity securities, accounts receivable, cash and due from banks and interest-bearing deposits with banks.
(b) Includes all instruments within the scope of ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments.
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EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
BNY has included in this Financial Supplement certain Non-GAAP financial measures on a tangible basis as a supplement to GAAP information, which exclude goodwill and intangible assets, net of deferred tax liabilities. We believe that the return on tangible common equity – Non-GAAP is additional useful information for investors because it presents a measure of those assets that can generate income, and the tangible book value per common share – Non-GAAP is additional useful information because it presents the level of tangible assets in relation to shares of common stock outstanding.
Net interest income, on a fully taxable equivalent (“FTE”) basis – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income which allows for the comparison of amounts arising from both taxable and tax-exempt sources and is consistent with industry practice. The adjustment to an FTE basis has no impact on net income.
BNY has also included the adjusted pre-tax operating margin – Non-GAAP, which is the pre-tax operating margin for the Investment and Wealth Management business segment, net of distribution and servicing expense that was passed to third parties who distribute or service our managed funds. We believe that this measure is useful when evaluating the performance of the Investment and Wealth Management business segment relative to industry competitors.
The presentation of the growth rates of investment management and performance fees on a constant currency basis permits investors to assess the significance of changes in foreign currency exchange rates. Growth rates on a constant currency basis were determined by applying the current period foreign currency exchange rates to the prior period revenue. We believe that this presentation, as a supplement to GAAP information, gives investors a clearer picture of the related revenue results without the variability caused by fluctuations in foreign currency exchange rates.
Notes:
Quarterly returns on common and tangible common equity ratios are annualized.
Return on common equity and tangible common equity reconciliation
(dollars in millions) 2Q25 1Q25 4Q24 3Q24 2Q24 YTD25 YTD24
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $ 1,391 $ 1,149 $ 1,130 $ 1,110 $ 1,143 $ 2,540 $ 2,096
Add: Amortization of intangible assets 11 11 13 12 13 22 25
Less: Tax impact of amortization of intangible assets 2 3 3 3 3 5 6
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP $ 1,400 $ 1,157 $ 1,140 $ 1,119 $ 1,153 $ 2,557 $ 2,115
Average common shareholders’ equity $ 37,892 $ 36,980 $ 36,923 $ 36,772 $ 36,044 $ 37,438 $ 35,975
Less: Average goodwill 16,748 16,615 16,515 16,281 16,229 16,682 16,234
Average intangible assets 2,850 2,849 2,846 2,827 2,834 2,849 2,841
Add: Deferred tax liability – tax deductible goodwill 1,236 1,226 1,221 1,220 1,213 1,236 1,213
Deferred tax liability – intangible assets 668 666 665 656 655 668 655
Average tangible common shareholders’ equity – Non-GAAP $ 20,198 $ 19,408 $ 19,448 $ 19,540 $ 18,849 $ 19,811 $ 18,768
Return on common equity – GAAP 14.7 % 12.6 % 12.2 % 12.0 % 12.7 % 13.7 % 11.7 %
Return on tangible common equity – Non-GAAP 27.8 % 24.2 % 23.3 % 22.8 % 24.6 % 26.0 % 22.7 %
THE BANK OF NEW YORK MELLON CORPORATION bny_logoxposxrgba.jpg
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EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Book value and tangible book value per common share reconciliation 2025 2024
(dollars in millions, except common shares and unless otherwise noted) June 30 March 31 Dec. 31 Sept. 30 June 30
The Bank of New York Mellon Corporation shareholders’ equity at period end – GAAP $ 43,950 $ 43,119 $ 41,318 $ 41,992 $ 40,843
Less: Preferred stock 5,331 5,331 4,343 4,343 4,343
The Bank of New York Mellon Corporation common shareholders’ equity at period end – GAAP 38,619 37,788 36,975 37,649 36,500
Less: Goodwill 16,823 16,661 16,598 16,338 16,217
Intangible assets 2,849 2,846 2,851 2,824 2,826
Add: Deferred tax liability – tax deductible goodwill 1,236 1,226 1,221 1,220 1,213
Deferred tax liability – intangible assets 668 666 665 656 655
The Bank of New York Mellon Corporation tangible common shareholders’ equity at period end – Non-GAAP $ 20,851 $ 20,173 $ 19,412 $ 20,363 $ 19,325
Period-end common shares outstanding (in thousands) 705,241 715,434 717,680 727,078 737,957
Book value per common share – GAAP $ 54.76 $ 52.82 $ 51.52 $ 51.78 $ 49.46
Tangible book value per common share – Non-GAAP $ 29.57 $ 28.20 $ 27.05 $ 28.01 $ 26.19
Net interest margin reconciliation
(dollars in millions) 2Q25 1Q25 4Q24 3Q24 2Q24
Net interest income – GAAP $ 1,203 $ 1,159 $ 1,194 $ 1,048 $ 1,030
Add: Tax equivalent adjustment 1 — 1 — 1
Net interest income (FTE) – Non-GAAP $ 1,204 $ 1,159 $ 1,195 $ 1,048 $ 1,031
Average interest-earning assets $ 375,542 $ 354,687 $ 357,768 $ 356,934 $ 353,633
Net interest margin – GAAP (a) 1.27 % 1.30 % 1.32 % 1.16 % 1.15 %
Net interest margin (FTE) – Non-GAAP (a) 1.27 % 1.30 % 1.32 % 1.16 % 1.15 %
(a) Net interest margin is annualized.
THE BANK OF NEW YORK MELLON CORPORATION bny_logoxposxrgba.jpg
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EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Pre-tax operating margin reconciliation - Investment and Wealth Management business segment
(dollars in millions) 2Q25 1Q25 4Q24 3Q24 2Q24 YTD25 YTD24
Income before income taxes – GAAP $ 148 $ 63 $ 173 $ 176 $ 149 $ 211 $ 256
Total revenue – GAAP $ 801 $ 779 $ 873 $ 849 $ 821 $ 1,580 $ 1,667
Less: Distribution and servicing expense 64 65 88 91 88 129 184
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP $ 737 $ 714 $ 785 $ 758 $ 733 $ 1,451 $ 1,483
Pre-tax operating margin – GAAP (a) 19 % 8 % 20 % 21 % 18 % 13 % 15 %
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a) 20 % 9 % 22 % 23 % 20 % 15 % 17 %
(a) Income before income taxes divided by total revenue.
Constant currency reconciliations 2Q25 vs.
(dollars in millions) 2Q25 2Q24 2Q24
Consolidated:
Investment management and performance fees – GAAP $ 758 $ 761 — %
Impact of changes in foreign currency exchange rates — 11
Adjusted investment management and performance fees – Non-GAAP $ 758 $ 772 (2) %
Investment and Wealth Management business segment:
Investment management and performance fees – GAAP $ 758 $ 762 (1) %
Impact of changes in foreign currency exchange rates — 11
Adjusted investment management and performance fees – Non-GAAP $ 758 $ 773 (2) %

20

ex993_quarterlyupdatepre

2Q25 QUARTERLY UPDATE July 15, 2025

2 • Revenue Growth: Revenue of $5.0bn up 9% YoY • Expense Discipline: Expense of $3.2bn up 4% YoY • Margin Expansion: – 495 bps of operating leverage(b) – Pre-tax margin of 37% up 3%-pts YoY • Improved Profitability: – ROE of 14.7% up 2.0%-pts YoY – ROTCE(a) of 27.8% up 3.2%-pts YoY • Attractive Capital Returns: Returned $1.2bn to common shareholders, including $346mm of dividends and $895mm of share repurchases – 92% payout ratio year-to-date – Declared 13% increase of quarterly common stock dividend in 3Q25 2Q25 Financial Highlights + 27% Revenue: Pre-tax Margin: EPS: + 9% 37% ROTCE(a): 28% Tier 1 Leverage: 6.1% Expenses: + 4% (a) Represents a non-GAAP measure. See page 13 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE. (b) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. Note: Above comparisons are 2Q25 vs. 2Q24, unless otherwise noted.

3 0% (1)% 6% 5% Enterprise AI Solutions and Digital Employees Eliza AI Platform Adoption 0% 0% 36% 96% FY22 FY23 FY24 1H25 5% 3% 1% 3% FY22 FY23 FY24 1H25 Expense Growth (excluding notable items) Fee Revenue Growth 3% 7% 5% 8% Total Revenue Growth Pre-tax Margin 21% 24% 31% 34% FY22 FY23 FY24 1H25 • New commercial model starting to show increasing effectiveness – Two consecutive quarters of record sales performance – Increasing number of multi-product relationships – Higher organic growth • Pace of continuous product innovation accelerating Mid-year Business Update Multi-year transformation is gaining momentum with tangible results starting to demonstrate BNY’s medium- to long-term potential BE MORE FOR OUR CLIENTS RUN OUR COMPANY BETTER POWER OUR CULTURE • Transition into platforms operating model progressing, with >50% of employees transitioned into the model as of the end of 1H25 – First platforms activated in early 2024 starting to show maturity in the model, including faster delivery times, enhanced service quality, increased innovation, along with greater efficiency • On track for ~$0.5bn of incremental investments and ~$0.5bn of efficiency savings in 2025 • Rounded out the executive leadership team • Welcoming ~3,000 interns and analysts to BNY this summer • Further expanded learning pathways • Enabling culture by embracing development and adoption of AI = Organic (a) FY23 FY24 1H25FY22 FY23 FY24 1H25FY22 24 30 40 67 0 0 0 66 FY22 FY23 FY24 1H25 = All other = AI Solutions = Digital Employees N/A N/A (a) Represents a non-GAAP measure. See pages 14 and 15 in the Appendix for the corresponding reconciliation of the non-GAAP measure of noninterest expense growth excluding notable items. Noninterest expense – GAAP year-over-year growth was 3% for the six months ended June 30, 2025, (4)% for the year ended December 31, 2024, 2% for the year ended December 31, 2023 and 13% for the year ended December 31, 2022. N/A – not applicable.

4 2Q25 vs. $mm, except per share data or unless otherwise noted 2Q25 1Q25 2Q24 1Q25 2Q24 Income Statement Investment services fees $2,583 $2,411 $2,359 7% 9% Investment management and performance fees 758 739 761 3 — Foreign exchange revenue 213 156 184 37 16 Other fee revenue 87 97 94 (10) (7) Total fee revenue $3,641 $3,403 $3,398 7% 7% Investment and other revenue 184 230 169 N/M N/M Net interest income 1,203 1,159 1,030 4 17 Total revenue $5,028 $4,792 $4,597 5% 9% Provision for credit losses (17) 18 — N/M N/M Noninterest expense 3,206 3,252 3,070 (1) 4 Income before income taxes $1,839 $1,522 $1,527 21% 20%   Net income applicable to common shareholders $1,391 $1,149 $1,143 21% 22% Avg. common shares and equivalents outstanding (mm) - diluted 720 727 752 (1)% (4)% EPS $1.93 $1.58 $1.52 22% 27%   Key Performance Indicators Operating leverage(a) 633 bps 495 bps Pre-tax margin 37% 32% 33% ROE 14.7% 12.6% 12.7% ROTCE(b) 27.8% 24.2% 24.6% Non-GAAP measures, excluding notable items(c) Adjusted total revenue $5,028 $4,752 $4,597 6% 9% Adjusted noninterest expense 3,194 3,212 3,077 (1) 4 Adjusted EPS 1.94 1.58 1.51 23 28 Adjusted operating leverage 637 bps 558 bps Adjusted pre-tax margin 37% 32% 33% Adjusted ROTCE 27.9% 24.2% 24.4%   2Q25 Financial Results (a) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. (b) Represents a non-GAAP measure. See page 13 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE. (c) Each of the below line items represents a non-GAAP measure. See pages 13 and 14 in the Appendix for the corresponding reconciliations of these non-GAAP measures excluding notable items. N/M – not meaningful.

5     2Q25 1Q25 2Q24   Consolidated regulatory capital ratios(a)   Tier 1 capital ($mm) $25,472 $24,783 $23,006 Average assets for Tier 1 leverage ratio ($mm) 420,131 397,513 394,672 Tier 1 leverage ratio 6.1% 6.2% 5.8% Common Equity Tier 1 ("CET1") capital ($mm) $20,149 $19,505 $18,671 Risk-weighted assets ($mm) 175,058 169,262 164,094 CET1 ratio 11.5% 11.5% 11.4% Supplementary leverage ratio ("SLR") 6.9% 6.9% 6.8%                 Consolidated regulatory liquidity ratios(a)   Liquidity coverage ratio ("LCR") 112% 116% 115% Net stable funding ratio ("NSFR") 131% 132% 132%                 Capital returns Cash dividends per common share $0.47 $0.47 $0.42 Common stock dividends ($mm) $346 $343 $322 Common stock repurchases ($mm) 895 746 601 Total capital return ($mm) $1,241 $1,089 $923 Total payout ratio 89% 95% 81% Profitability ROE 14.7% 12.6% 12.7% ROTCE(b) 27.8% 24.2% 24.6% Adjusted ROTCE(c) 27.9% 24.2% 24.4%   Capital and Liquidity CAPITAL • Tier 1 leverage ratio of 6.1% down 17bps QoQ – Tier 1 capital of $25.5bn increased $689mm QoQ, primarily reflecting capital generated through earnings and a net increase in accumulated other comprehensive income, partially offset by capital returned through common stock repurchases and dividends – Average assets for Tier 1 leverage ratio of $420.1bn increased $22.6bn QoQ • CET1 ratio of 11.5% flat QoQ – CET1 capital of $20.1bn increased $644mm QoQ, primarily reflecting capital generated through earnings and a net increase in accumulated other comprehensive income, partially offset by capital returned through common stock repurchases and dividends – RWA of $175.1bn increased by $5.8bn QoQ LIQUIDITY • LCR of 112% down 4%-pts QoQ • NSFR of 131% down 1%-pt QoQ (a) Note: See page 12 in the Appendix for corresponding footnote. (b) Represents a non-GAAP measure. See page 13 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE. (c) Represents a non-GAAP measure. See page 13 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE excluding notable items.

6 1,030 1,048 1,194 1,159 1,203 2Q24 3Q24 4Q24 1Q25 2Q25 2Q25 vs.   2Q25   1Q25   2Q24   Total assets $439 5% 6% Total interest-earning assets $376 6% 6% Cash and reverse repo 150 9 5 Loans 71 2 4 Investment securities 147 4 7 Noninterest-bearing $50 3% 1% Interest-bearing 251 7 6 Total deposits $300 6% 5%                Net Interest Income and Balance Sheet Trends Net Interest Income ($mm) 1.15% 1.16% 1.32% 1.30% 1.27% 2Q24 3Q24 4Q24 1Q25 2Q25 Net Interest Margin Balance Sheet Trends ($bn, average) • Net interest income of $1,203mm up 17% YoY and up 4% QoQ – QoQ increase primarily reflecting the continued reinvestment of maturing investment securities at higher yields and balance sheet growth, partially offset by changes in deposit mix • Net interest margin of 1.27% up 12 bps YoY and down 3 bps QoQ • Avg. total deposits of $300bn up 5% YoY and up 6% QoQ

7 2Q25 vs. $mm, unless otherwise noted 2Q25 1Q25 2Q24 Asset Servicing $1,094 3% 7% Issuer Services 376 41 17 Total investment services fees $1,470 11% 10% Foreign exchange revenue 175 29 22 Other fees(a) 60 (8) 7 Investment and other revenue 94 N/M N/M Net interest income 675 7 13 Total revenue $2,474 8% 10% Provision for credit losses (13) N/M N/M Noninterest expense 1,620 2 4 Income before income taxes $867 22% 26%                 $bn, unless otherwise noted 2Q25 1Q25 2Q24 Pre-tax margin 35% 31% 31% Assets under custody and/or administration ("AUC/A")(trn) $40.1 $38.1 $35.7 Deposits (average) $186 $176 $178 Issuer Services Total debt serviced (trn) $14.3 $13.9 $14.1 Number of sponsored Depositary Receipts programs 482 488 516                 Securities Services Select Income Statement Data • Total revenue of $2,474mm up 10% YoY – Investment services fees up 10% YoY > Asset Servicing up 7% YoY, primarily reflecting higher market values and client activity > Issuer Services up 17% YoY, primarily reflecting higher Depositary Receipts fees – Foreign exchange revenue up 22% YoY – Net interest income up 13% YoY • Noninterest expense of $1,620mm up 4% YoY, primarily reflecting higher investments, employee merit increases, higher revenue-related expenses and the unfavorable impact of the weaker U.S. dollar, partially offset by efficiency savings • Income before income taxes of $867mm up 26% YoY Note: See page 12 in the Appendix for corresponding footnotes. N/M – not meaningful. Select Income Statement Data Key Performance Indicators (b)(c)

8 2Q25 vs. $mm, unless otherwise noted 2Q25 1Q25 2Q24 Pershing $513 2% 8% Clearance and Collateral Management 385 6 14 Treasury Services 209 — 3 Total investment services fees $1,107 3% 9% Foreign exchange revenue 30 3 30 Other fees(a) 63 (3) 9 Investment and other revenue 36 N/M N/M Net interest income 506 2 21 Total revenue $1,742 3% 13% Provision for credit losses (6) N/M N/M Noninterest expense 897 4 8 Income before income taxes $851 4% 21%                 $bn, unless otherwise noted 2Q25 1Q25 2Q24 Pre-tax margin 49% 48% 46% AUC/A (trn)(b)(c) $15.4 $14.7 $13.4 Deposits (average) $97 $92 $91 Pershing AUC/A (trn)(b) $2.8 $2.7 $2.6 Net new assets (U.S. platform)(d) (10) 11 (23) Daily average revenue trades ("DARTs") (U.S. platform) ('000) 334 298 280 Average active clearing accounts ('000) 8,405 8,406 8,057 Treasury Services U.S. dollar payment volumes (daily average) 246,250 244,673 241,253 Clearance and Collateral Management Average collateral balances $7,061 $6,576 $6,085                 Market and Wealth Services Select Income Statement Data Key Performance Indicators Select Income Statement Data • Total revenue of $1,742mm up 13% YoY – Investment services fees up 9% YoY > Pershing up 8% YoY, primarily reflecting higher client activity and market values > Clearance and Collateral Management up 14% YoY, primarily reflecting higher collateral management balances and clearance volumes > Treasury Services up 3% YoY, primarily reflecting net new business – Foreign exchange revenue up 30% YoY – Net interest income up 21% YoY • Noninterest expense of $897mm up 8% YoY, primarily reflecting higher investments and litigation reserves, employee merit increases and higher revenue-related expenses, partially offset by efficiency savings • Income before income taxes of $851mm up 21% YoY Note: See page 12 in the Appendix for corresponding footnotes. N/M – not meaningful.

9 2Q25 vs. $mm, unless otherwise noted 2Q25 1Q25 2Q24 Investment management fees(a) $748 2% (1)% Performance fees 10 N/M N/M Distribution and servicing fees 69 1 — Other fees(b) (76) N/M N/M Investment and other revenue(c) 9 N/M N/M Net interest income 41 — (5) Total revenue $801 3% (2)% Provision for credit losses — N/M N/M Noninterest expense(a) 653 (9) (2) Income before income taxes $148 135% (1)% Total revenue by line of business: Investment Management(a) $531 5% (3)% Wealth Management 270 (1) (1) Total revenue $801 3% (2)%                 $bn, unless otherwise noted 2Q25 1Q25 2Q24 Pre-tax margin 19% 8% 18% Deposits (average) $9 $10 $11 Assets under management ("AUM")(d) $2,106 $2,008 $2,045 Long-term active strategies net flows $(2) $(2) $2 Index net flows (22) (11) (4) Short-term strategies net flows 7 (5) (7) Total net flows $(17) (18) (9) Wealth Management Client assets(e) $339 $327 $308                 Investment and Wealth Management Select Income Statement Data Key Performance Indicators Select Income Statement Data • Total revenue of $801mm down 2% YoY – Investment Management down 3% YoY, primarily reflecting the mix of AUM flows and the adjustment for certain rebates (offset in noninterest expense)(a), partially offset by higher market values, the favorable impact of the weaker U.S. dollar and higher equity investment income – Wealth Management down 1% YoY, primarily reflecting lower net interest income and changes in product mix, partially offset by higher market values • Noninterest expense of $653mm down 2% YoY, primarily reflecting lower revenue-related expenses (including the adjustment for certain rebates(a) ) and efficiency savings, partially offset by higher severance expense and the unfavorable impact of the weaker U.S. dollar • Income before income taxes of $148mm down 1% YoY • AUM of $2.1trn up 3% YoY, primarily reflecting higher market values and the favorable impact of the weaker U.S. dollar, partially offset by cumulative net outflows • Wealth Management client assets of $339bn up 10% YoY, primarily reflecting higher market values (a) Effective 1Q25, an adjustment for certain rebates, which were previously recorded as distribution and servicing expense, began to be reflected as a reduction of investment management fees. These amounts totaled approximately $20 million llllllfor all periods presented and impacted the year-over-year variances for investment management fees and related revenue subtotals, noninterest expense and Investment Management total revenue in the table above. Note: See page 12 in the Appendix for corresponding footnotes. N/M – not meaningful. (a)

10 $mm, unless otherwise noted 2Q25 1Q25 2Q24 Fee revenue $(15) $(28) $(4) Investment and other revenue 33 62 29 Net interest (expense) (19) (9) (25) Total revenue $(1) $25 $— Provision for credit losses 2 4 1 Noninterest expense 36 88 15 (Loss) before income taxes $(39) $(67) $(16)                 Other Segment Select Income Statement Data • Total revenue includes corporate treasury and other investment activity, including hedging activity which has an offsetting impact between fee and other revenue and net interest expense – QoQ decrease primarily reflecting net losses on sales of securities • Noninterest expense increased YoY, primarily reflecting higher staff expense and the net impact of the adjustments to the FDIC special assessment, partially offset by lower litigation reserves; QoQ decrease primarily reflecting lower litigation reserves and severance expense Select Income Statement Data

11 Operating Leverage Net Interest Income Fee Revenue Expenses (excluding notable items) Total Payout Ratio Up 14% YoY Up YoY Up 1 – 2% YoY Up Mid-Single-Digits % YoYUp Mid-Single-Digits % YoY ORIGINAL 2025 OUTLOOK 2025 Financial Outlook Update 1H25 PERFORMANCE UPDATED 2025 OUTLOOK (a) Note: Original 2025 financial outlook based on market-implied forward interest rates as of year-end 2024. Updated 2025 financial outlook based on market-implied forward interest rates as of June 30, 2025. (b) Represents a forward-looking non-GAAP financial measure. See "Cautionary Statement" on page 16 for information regarding forward-looking non-GAAP financial measures. (c) Represents a non-GAAP measure. See page 14 in the Appendix for the corresponding reconciliations of these non-GAAP measures excluding notable items. (d) Operating leverage is the rate of increase (decrease) in total revenue growth less the rate of increase (decrease) in total noninterest expense growth. (d) Up High-Single-Digits % YoY Up 5% YoYUp YoY Up YoY p 1 – 2 o Up 3% YoY 100% +/– 100% +/–92% Positive Positive Reported: 424 bps Adjusted: 412 bps (a) (b) (c) (a) Up ~3% YoY (b) (c)

12 Footnotes Page 5 – Capital and Liquidity (a) Regulatory capital and liquidity ratios for June 30, 2025 are preliminary. For our CET1 ratio, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for June 30, 2025, March 31, 2025 and June 30, 2024 was the Standardized Approach. Page 7 – Securities Services (a) Other fees primarily include financing-related fees. (b) June 30, 2025 information is preliminary. (c) Consists of AUC/A primarily from the Asset Servicing line of business and, to a lesser extent, the Issuer Services line of business. Includes the AUC/A of CIBC Mellon Trust Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $2.0 trillion at June 30, 2025, $1.9 trillion at March 31, 2025 and $1.7 trillion at June 30, 2024. Page 8 – Market and Wealth Services (a) Other fees primarily include financing-related fees. (b) June 30, 2025 information is preliminary. (c) Consists of AUC/A from the Clearance and Collateral Management and Pershing lines of business. (d) Net new assets represent net flows of assets (e.g., net cash deposits and net securities transfers, including dividends and interest) in customer accounts in Pershing LLC, a U.S. broker-dealer. Page 9 – Investment and Wealth Management (a) (b) Other fees primarily include investment services fees. (c) Investment and other revenue is net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds. (d) June 30, 2025 information is preliminary. Represents assets managed in the Investment and Wealth Management business segment. (e) June 30, 2025 information is preliminary. Includes AUM and AUC/A in the Wealth Management line of business.

13  $mm 2Q25 1Q25 2Q24 Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $1,391 $1,149 $1,143 Add: Amortization of intangible assets 11 11 13 Less: Tax impact of amortization of intangible assets 2 3 3 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets — Non-GAAP $1,400 $1,157 $1,153 Less: Disposal gain(a) — 32 — Less: Severance expense(b) (27) (25) (22) Less: Litigation reserves(b) 16 (1) — Less: FDIC special assessment(b) 5 (5) 29 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets and notable items — Non-GAAP $1,406 $1,156 $1,146 Average common shareholders’ equity $37,892 $36,980 $36,044 Less: Average goodwill 16,748 16,615 16,229 Less: Average intangible assets 2,850 2,849 2,834 Add: Deferred tax liability – tax deductible goodwill 1,236 1,226 1,213 Add: Deferred tax liability – intangible assets 668 666 655 Average tangible common shareholders’ equity – Non-GAAP $20,198 $19,408 $18,849 Return on common equity(c) – GAAP 14.7% 12.6% 12.7% Adjusted return on common equity(c) – Non-GAAP 14.8% 12.6% 12.7% Return on tangible common equity(c) – Non-GAAP 27.8% 24.2% 24.6% Adjusted return on tangible common equity(c) – Non-GAAP 27.9% 24.2% 24.4%            Return on Common Equity and Tangible Common Equity Reconciliation (a) Reflected in Investment and other revenue. (b) Severance expense is reflected in Staff expense, Litigation reserves in Other expense, and FDIC special assessment in Bank assessment charges, respectively. (c) Returns are annualized.

14 Select Income Statement Data Reconciliation of Non-GAAP Measures – Impact of Notable Items 2Q25 vs. YTD25 vs.  $mm, except per share amounts 2Q25 1Q25 2Q24 1Q25 2Q24 YTD25 YTD24 YTD24 Total revenue – GAAP $5,028 $4,792 $4,597 5% 9% $9,820 $9,124 8% Less: Disposal gain(a) — 40 — 40 — Adjusted total revenue, ex-notables — Non-GAAP $5,028 $4,752 $4,597 6% 9% $9,780 $9,124 7% Noninterest expense – GAAP $3,206 $3,252 $3,070 (1)% 4% $6,458 $6,246 3% Less: Severance expense(b) 34 32 29 66 65 Less: Litigation reserves(b) (16) 2 2 (14) 4 Less: FDIC special assessment(b) (6) 6 (38) — (38) Adjusted noninterest expense, ex-notables — Non-GAAP $3,194 $3,212 $3,077 (1)% 4% $6,406 $6,215 3% Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $1,391 $1,149 $1,143 21% 22% $2,540 $2,096 21% Less: Disposal gain(a) — 32 — 32 — Less: Severance expense(b) (27) (25) (22) (52) (49) Less: Litigation reserves(b) 16 (1) — 15 (2) Less: FDIC special assessment(b) 5 (5) 29 — 29 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation — Non-GAAP $1,397 $1,148 $1,136 22% 23% $2,545 $2,118 20% Diluted earnings per share – GAAP $1.93 $1.58 $1.52 22% 27% $3.51 $2.77 27% Less: Disposal gain(a) — 0.04 — 0.04 — Less: Severance expense(b) (0.04) (0.03) (0.03) (0.07) (0.06) Less: Litigation reserves(b) 0.02 — — 0.02 — Less: FDIC special assessment(b) 0.01 (0.01) 0.04 — 0.04 Adjusted diluted earnings per share — Non-GAAP $1.94 $1.58 $1.51 23% 28% $3.52 $2.80 26% Operating leverage – GAAP(c) 633 bps 495 bps 424 bps Adjusted operating leverage — Non-GAAP(c) 637 bps 558 bps 412 bps Pre-tax operating margin – GAAP(d) 37% 32% 33% Adjusted pre-tax operating margin — Non-GAAP(d) 37% 32% 33% (e) (a) Reflected in Investment and other revenue. (b) Severance expense is reflected in Staff expense, Litigation reserves in Other expense, and FDIC special assessment in Bank assessment charges, respectively. (c) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. (d) Income before taxes divided by total revenue. See the 2Q25 Earnings Release for additional information. (e) Does not foot due to rounding.

15 2024 vs. 2023 vs. 2022 vs.  $mm 2024 2023 2022 2021 2023 2022 2021 Noninterest expense – GAAP $12,701 $13,295 $13,010 $11,514 (4)% 2% 13% Less: Severance expense(a) 240 267 215 31 Less: Litigation reserves(a) 44 94 134 98 Less: Goodwill impairment — — 680 — Less: FDIC special assessment(a) (63) 632 — — Adjusted noninterest expense, ex-notables — Non-GAAP $12,480 $12,302 $11,981 $11,385 1% 3% 5% Select Income Statement Data Reconciliation of Non-GAAP Measures – Impact of Notable Items (a) Severance expense is reflected in Staff expense, Litigation reserves in Other expense, and FDIC special assessment in Bank assessment charges, respectively.

16 A number of statements in our presentations, the accompanying slides and the responses to questions on our conference call discussing our quarterly results may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about The Bank of New York Mellon Corporation’s (the “Corporation,” “we,” “us,” or “our”) capital plans including dividends and repurchases, total payout ratio, financial performance, fee revenue, net interest income, expenses, cost discipline, efficiency savings, operating leverage, pre-tax margin, capital ratios, organic growth, pipeline, deposits, interest rates and yield curves, securities portfolio, taxes, investments, including in technology and product development, innovation in products and services, artificial intelligence, digital assets, client experience, strategic priorities and initiatives, acquisitions, related integration and divestiture activity, transition to a platforms operating model, capabilities, resiliency, risk profile, human capital management and the effects of the current and near-term market and macroeconomic outlook on us, including on our business, operations, financial performance and prospects. Preliminary business metrics and regulatory capital ratios are subject to change, possibly materially as we complete our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025. Forward-looking statements may be expressed in a variety of ways, including the use of future or present tense language. Words such as “estimate,” “forecast,” “project,” “anticipate,” “likely,” “target,” “expect,” “intend,” “continue,” “seek,” “believe,” “plan,” “goal,” “could,” “should,” “would,” “may,” “might,” “will,” “strategy,” “synergies,” “opportunities,” “trends,” “momentum,” “ambition,” “aspiration,” “objective,” “aim,” “future,” “potentially,” “outlook” and words of similar meaning may signify forward-looking statements. These statements are not guarantees of future results or occurrences, are inherently uncertain and are based upon current beliefs and expectations of future events, many of which are, by their nature, difficult to predict, outside of our control and subject to change. By identifying these statements for you in this manner, we are alerting you to the possibility that our actual results may differ, possibly materially, from the anticipated results expressed or implied in these forward-looking statements as a result of a number of important factors. These factors include: escalating tariff and other trade policies and the resulting impacts on market volatility and global trade, changing levels of inflation and the corresponding impacts on macroeconomic conditions, client behavior and our funding costs; liquidity and interest rate volatility; potential recessions or slowing of growth in the U.S., Europe and other regions; the impacts of continued or escalating hostilities in the Middle East; political uncertainty regarding operational and policy changes at U.S. government agencies; our ability to execute against our strategic initiatives; potential increased regulatory requirements and costs; and the risk factors and other uncertainties set forth in our Annual Report on Form 10-K for the year ended Dec. 31, 2024 (the “2024 Annual Report”) and our other filings with the Securities and Exchange Commission (the “SEC”). Forward-looking statements about the timing, profitability, benefits and other prospective aspects of business and expense initiatives, our financial outlook and our medium-term financial targets, and how they can be achieved, are based on our current expectations regarding our ability to execute against our strategic initiatives, as well as our balance sheet size and composition, and may change, possibly materially, from what is currently expected. Statements about our outlook on net interest income are subject to various factors, including interest rates, continued quantitative tightening, re-investment yields and the size, mix and duration of our balance sheet, including with respect to deposits, loan balances and the securities portfolio. Statements about our outlook on fee revenue are subject to various factors, including market levels, client activity, our ability to win and onboard new business, lost business, pricing pressure and our ability to launch new products to, and expand relationships with, existing clients. Statements about our outlook on expenses are subject to various factors, including investments, revenue- related expenses, efficiency savings, merit increases, inflation and currency fluctuations. Statements about our medium-term financial targets at our business segments are similarly subject to the factors described above, but may be more significantly impacted by positive or negative events or trends that have a disproportionate impact on a particular business segment. Statements about our target Tier 1 leverage ratio and CET1 ratio are subject to various factors, including capital requirements, interest rates, capital levels, risk-weighted assets and the size of our balance sheet, including deposit levels. Statements about the timing, manner and amount of any future common stock dividends or repurchases, as well as our outlook on total payout ratio, are subject to various factors, including our capital position, capital deployment opportunities, prevailing market conditions, legal and regulatory considerations and our outlook for the economic environment. Statements about our future effective tax rate are subject to various factors including, changes in the tax rates applicable to us, changes in our earnings mix, our profitability, the assumptions we have made in forecasting our expected tax rate, the interpretation or application of existing tax statutes and regulations, as well as any corporate tax legislation that may be enacted or any guidance that may be issued by the U.S. Internal Revenue Service. You should not place undue reliance on any forward-looking statement. All forward-looking statements speak only as of the date on which they were made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events. Non-GAAP Measures. In this presentation, the accompanying slides and our responses to questions, we may discuss certain non-GAAP measures in detailing our performance, which exclude certain items or otherwise include components that differ from GAAP. We believe these measures are useful to the investment community in analyzing the financial results and trends of ongoing operations. We believe they facilitate comparisons with prior periods and reflect the principal basis on which our management monitors financial performance. Additional disclosures relating to non-GAAP measures are contained in our reports filed with the SEC, including the 2024 Annual Report, the second quarter 2025 earnings release and the second quarter 2025 financial supplement, which are available at www.bny.com/investorrelations. Forward-Looking Non-GAAP Financial Measures. From time to time we may discuss forward-looking non-GAAP financial measures, such as forward-looking estimates or targets for expenses excluding notable items and for return on tangible common equity. We are unable to provide a reconciliation of forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures because we are unable to provide, without unreasonable effort, a meaningful or accurate calculation or estimation of amounts that would be necessary for the reconciliation due to the complexity and inherent difficulty in forecasting and quantifying future amounts or when they may occur. Such unavailable information could be significant to future results. Cautionary Statement

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