Bank of New York Mellon Corp 8-K, filed Oct 16, 2025

Bank of New York Mellon Corp (BNY)

8-K 2025-10-16 For: 2025-10-16

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Added on April 09, 2026

About this 8-K

Bank of New York Mellon Corp filed this 8-K on October 16, 2025.

Items reported

Item 2.02: Financial results
Item 7.01: Regulation FD disclosure
Item 9.01: Financial statements and exhibits

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


Title of each class	Trading symbol(s)	Name of each exchange 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


Exhibit
Number						Description

99.1						The Bank of New York Mellon Corporation Earnings Release dated October 16, 2025, announcing financial results for the third 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 October 16, 2025, for the third quarter of 2025.
						The information included in Exhibit 99.2 shall be deemed “filed” for purposes of the Exchange Act.

99.3						Third Quarter 2025 Quarterly Update Presentation dated October 16, 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.


	The Bank of New York Mellon Corporation (Registrant)
Date: October 16, 2025	By:	/s/ Jean Weng
	Name: Title:	Jean Weng Secretary


CEO COMMENTARY


			BNY delivered another quarter of strong results. Record revenue of $5.1 billion was up 9% year-over-year on the back of broad-based growth across the platforms that make up our Securities Services and Market and Wealth Services segments, and we continued to drive significant positive operating leverage. Taken together, we reported a pre-tax margin of 36%, generated an ROTCE of 26%, and earnings per share of $1.88 were up 25% year-over-year.
Our two core transformation programs are showing results. The new commercial model is enabling greater sales momentum and multi-product solutioning, and as we continue to transition additional parts of the company into our platforms operating model, we see the benefits of this new way of working starting to materialize. In addition, we are embracing the power of AI, which, we believe, is for everyone, everywhere and for everything. Last month we launched for all our people the next version of BNY’s AI platform, Eliza – smarter, faster and easier to use.
It is our people and culture that propel us forward on our mission to unlock BNY’s full potential for our clients and shareholders. The clear signs of progress across the company give us confidence that the strategy is working.
– Robin Vince, Chief Executive Officer


KEY FINANCIAL INFORMATION


(dollars in millions, except per share amounts and unless otherwise noted)				3Q25 vs.
	3Q25			2Q25		3Q24
Selected income statement data:

Total fee revenue	$	3,637		—	%	7	%
Investment and other revenue	208			N/M		N/M
Net interest income	1,236			3	%	18	%
Total revenue	$	5,081		1	%	9	%
Provision for credit losses	(7)			N/M		N/M
Noninterest expense	$	3,236		1	%	4	%
Net income applicable to common shareholders	$	1,339		(4)	%	21	%
Diluted EPS	$	1.88		(3)	%	25	%

Selected metrics:

AUC/A (in trillions)	$	57.8		4	%	11	%
AUM (in trillions)	$	2.1		2	%	—	%

Financial ratios:	3Q25			2Q25		3Q24

Pre-tax operating margin	36		%	37	%	33	%
ROE	13.7		%	14.7	%	12.0	%
ROTCE (a)	25.6		%	27.8	%	22.8	%

Capital ratios:

Tier 1 leverage ratio	6.1		%	6.1	%	6.0	%
CET1 ratio	11.7		%	11.5	%	11.9	%



(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 3Q25 vs. 3Q24, unless otherwise noted.
Media: Anneliese Diedrichs + 1 646 468 6026			Investors: Marius Merz +1 212 298 1480


(dollars in millions, unless otherwise noted; not meaningful - N/M)										3Q25 vs.
	3Q25			2Q25			3Q24			2Q25		3Q24
Investment services fees:
Asset Servicing	$	1,141		$	1,094		$	1,021		4	%	12	%
Issuer Services	313			376			285			(17)		10
Total investment services fees	1,454			1,470			1,306			(1)		11
Foreign exchange revenue	143			175			137			(18)		4
Other fees (a)	73			60			57			22		28
Total fee revenue	1,670			1,705			1,500			(2)		11
Investment and other revenue	119			94			105			N/M		N/M
Total fee and other revenue	1,789			1,799			1,605			(1)		11
Net interest income	670			675			609			(1)		10
Total revenue	2,459			2,474			2,214			(1)		11
Provision for credit losses	(3)			(13)			15			N/M		N/M
Noninterest expense	1,656			1,620			1,557			2		6
Income before taxes	$	806		$	867		$	642		(7)	%	26	%

Total revenue by line of business:
Asset Servicing	$	1,915		$	1,870		$	1,720		2	%	11	%
Issuer Services	544			604			494			(10)		10
Total revenue by line of business	$	2,459		$	2,474		$	2,214		(1)	%	11	%

Pre-tax operating margin	33		%	35		%	29		%

Securities lending revenue (b)	$	62		$	56		$	47		11	%	32	%

Metrics:
Average loans	$	10,706		$	11,327		$	11,077		(5)	%	(3)	%
Average deposits	$	183,081		$	185,831		$	180,500		(1)	%	1	%

AUC/A at period end (in trillions) (current period is preliminary) (c)	$	41.7		$	40.1		$	37.5		4	%	11	%
Market value of securities on loan at period end (in billions) (d)	$	554		$	516		$	484		7	%	14	%



(dollars in millions)	3Q25		2Q25		3Q24
Fee revenue	$	(27)	$	(15)	$	(1)
Investment and other revenue	45		33		55
Total fee and other revenue	18		18		54
Net interest income (expense)	1		(19)		(21)
Total revenue	19		(1)		33
Provision for credit losses	(1)		2		—
Noninterest expense	45		36		37
(Loss) before taxes	$	(25)	$	(39)	$	(4)


Capital and liquidity ratios	Sept. 30, 2025			June 30, 2025			Dec. 31, 2024
Consolidated regulatory capital ratios: (a)
CET1 ratio	11.7		%	11.5		%	11.2		%
Tier 1 capital ratio	14.4			14.5			13.7
Total capital ratio	15.3			15.5			14.8
Tier 1 leverage ratio (a)	6.1			6.1			5.7
Supplementary leverage ratio (a)	6.7			6.9			6.5
BNY shareholders’ equity to total assets ratio	9.6		%	9.0		%	9.9		%
BNY common shareholders’ equity to total assets ratio	8.6		%	7.9		%	8.9		%

Average LCR (a)	112		%	112		%	115		%
Average NSFR (a)	130		%	131		%	132		%

Book value per common share	$	55.99		$	54.76		$	51.52
Tangible book value per common share – Non-GAAP (b)	$	30.60		$	29.57		$	27.05
Common shares outstanding (in thousands)	697,349			705,241			717,680


Net interest income										3Q25 vs.
(dollars in millions; not meaningful - N/M)	3Q25			2Q25			3Q24			2Q25		3Q24
Net interest income	$	1,236		$	1,203		$	1,048		3%		18%
Add: Tax equivalent adjustment	—			1			—			N/M		N/M
Net interest income, on a fully taxable equivalent (“FTE”) basis – Non-GAAP (a)	$	1,236		$	1,204		$	1,048		3%		18%

Average interest-earning assets	$	374,493		$	375,542		$	356,934		—%		5%

Net interest margin	1.31		%	1.27		%	1.16		%	4	bps	15	bps
Net interest margin (FTE) – Non-GAAP (a)	1.31		%	1.27		%	1.16		%	4	bps	15	bps


(dollars in millions)	Quarter ended						Year-to-date
	Sept. 30, 2025		June 30, 2025		Sept. 30, 2024		Sept. 30, 2025		Sept. 30, 2024

Fee and other revenue
Investment services fees	$	2,585	$	2,583	$	2,344	$	7,579	$	6,981
Investment management and performance fees	782		758		794		2,279		2,331
Foreign exchange revenue	166		213		175		535		511
Financing-related fees	67		51		53		178		163
Distribution and servicing fees	37		36		38		110		121
Total fee revenue	3,637		3,641		3,404		10,681		10,107
Investment and other revenue	208		184		196		622		547
Total fee and other revenue	3,845		3,825		3,600		11,303		10,654
Net interest income
Interest income	6,594		6,602		6,652		19,319		19,140
Interest expense	5,358		5,399		5,604		15,721		16,022
Net interest income	1,236		1,203		1,048		3,598		3,118
Total revenue	5,081		5,028		4,648		14,901		13,772
Provision for credit losses	(7)		(17)		23		(6)		50
Noninterest expense
Staff	1,745		1,768		1,736		5,347		5,313
Software and equipment	542		527		491		1,582		1,442
Professional, legal and other purchased services	404		388		370		1,158		1,093
Sub-custodian and clearing	141		150		117		422		370
Net occupancy	140		132		130		408		388
Distribution and servicing	68		63		90		196		274
Business development	45		53		48		146		134
Bank assessment charges	6		22		10		66		20

Amortization of intangible assets	12		11		12		34		37
Other	133		92		96		335		275
Total noninterest expense	3,236		3,206		3,100		9,694		9,346
Income
Income before taxes	1,852		1,839		1,525		5,213		4,376
Provision for income taxes	395		404		336		1,099		990
Net income	1,457		1,435		1,189		4,114		3,386
Net (income) attributable to noncontrolling interests related to consolidated investment management funds	(12)		(12)		(7)		(26)		(11)
Net income applicable to shareholders of The Bank of New York Mellon Corporation	1,445		1,423		1,182		4,088		3,375
Preferred stock dividends	(106)		(32)		(72)		(209)		(169)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,339	$	1,391	$	1,110	$	3,879	$	3,206


Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation	Quarter ended						Year-to-date
	Sept. 30, 2025		June 30, 2025		Sept. 30, 2024		Sept. 30, 2025		Sept. 30, 2024
(in dollars)	Sept. 30, 2025		June 30, 2025		Sept. 30, 2024		Sept. 30, 2025		Sept. 30, 2024
Basic	$	1.90	$	1.95	$	1.51	$	5.43	$	4.29
Diluted	$	1.88	$	1.93	$	1.50	$	5.39	$	4.26


Reconciliation of Non-GAAP measures, excluding notable items								3Q25 vs.
(dollars in millions, except per share amounts)	3Q25		2Q25		3Q24			2Q25		3Q24




Total revenue – GAAP	$	5,081	$	5,028	$	4,648		1	%	9	%

Less: Disposal gain (a)	12		—		—

Adjusted total revenue – Non-GAAP	$	5,069	$	5,028	$	4,648		1	%	9	%

Noninterest expense – GAAP	$	3,236	$	3,206	$	3,100		1	%	4	%
Less: Severance expense (b)	50		34		40
Litigation reserves (b)	3		(16)		2
FDIC special assessment (b)	(14)		(6)		(17)

Adjusted noninterest expense – Non-GAAP	$	3,197	$	3,194	$	3,075		—	%	4	%






Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	1,339	$	1,391	$	1,110		(4)	%	21	%

Less: Disposal gain (a)	9		—		—

Severance expense (b)	(39)		(27)		(31)
Litigation reserves (b)	(2)		16		(2)
FDIC special assessment (b)	11		5		13

Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation – Non-GAAP	$	1,360	$	1,397	$	1,130		(3)	%	20	%

Diluted earnings per common share – GAAP	$	1.88	$	1.93	$	1.50		(3)	%	25	%

Less: Disposal gain (a)	0.01		—		—

Severance expense (b)	(0.05)		(0.04)		(0.04)
Litigation reserves (b)	—		0.02		—
FDIC special assessment (b)	0.01		0.01		0.02
Total diluted earnings per common share impact of notable items	(0.03)		(0.01)		(0.03)		(c)
Adjusted diluted earnings per common share – Non-GAAP	$	1.91	$	1.94	$	1.52	(c)	(2)	%	26	%
Operating leverage – GAAP (d)								11	bps	493	bps
Adjusted operating leverage – Non-GAAP (d)								73	bps	509	bps


Pre-tax operating margin reconciliation
(dollars in millions)	3Q25			2Q25			3Q24
Income before taxes – GAAP	$	1,852		$	1,839		$	1,525
Impact of notable items (a)	(27)			(12)			(25)
Adjusted income before taxes, excluding notable items – Non-GAAP	$	1,879		$	1,851		$	1,550

Total revenue – GAAP	$	5,081		$	5,028		$	4,648
Impact of notable items (a)	12			—			—
Adjusted total revenue, excluding notable items – Non-GAAP	$	5,069		$	5,028		$	4,648

Pre-tax operating margin – GAAP (b)	36		%	37		%	33		%
Adjusted pre-tax operating margin – Non-GAAP (b)	37		%	37		%	33		%


HIGHLIGHTS


Return on common equity and return on tangible common equity reconciliation
(dollars in millions)	3Q25			2Q25			3Q24
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	1,339		$	1,391		$	1,110
Add: Amortization of intangible assets	12			11			12
Less: Tax impact of amortization of intangible assets	3			2			3
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	1,348		$	1,400		$	1,119
Impact of notable items (a)	(21)			(6)			(20)
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	$	1,369		$	1,406		$	1,139

Average common shareholders’ equity	$	38,626		$	37,892		$	36,772
Less: Average goodwill	16,787			16,748			16,281
Average intangible assets	2,842			2,850			2,827
Add: Deferred tax liability – tax deductible goodwill	1,236			1,236			1,220
Deferred tax liability – intangible assets	665			668			656
Average tangible common shareholders’ equity – Non-GAAP	$	20,898		$	20,198		$	19,540

Return on common equity – GAAP (b)	13.7		%	14.7		%	12.0		%
Adjusted return on common equity – Non-GAAP (b)	14.0		%	14.8		%	12.2		%

Return on tangible common equity – Non-GAAP (b)	25.6		%	27.8		%	22.8		%
Adjusted return on tangible common equity – Non-GAAP (b)	26.0		%	27.9		%	23.2		%


The Bank of New York Mellon Corporation

Financial Supplement

Third 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


THE BANK OF NEW YORK MELLON CORPORATION
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)																3Q25 vs.										YTD25 vs.
	3Q25			2Q25			1Q25			4Q24			3Q24			2Q25		3Q24		YTD25			YTD24			YTD24
Selected income statement data


Fee and other revenue	$	3,845		$	3,825		$	3,633		$	3,653		$	3,600		1	%	7	%	$	11,303		$	10,654		6	%
Net interest income	1,236			1,203			1,159			1,194			1,048			3		18		3,598			3,118			15
Total revenue	5,081			5,028			4,792			4,847			4,648			1		9		14,901			13,772			8
Provision for credit losses	(7)			(17)			18			20			23			N/M		N/M		(6)			50			N/M
Noninterest expense	3,236			3,206			3,252			3,355			3,100			1		4		9,694			9,346			4
Income before income taxes	1,852			1,839			1,522			1,472			1,525			1		21		5,213			4,376			19
Provision for income taxes	395			404			300			315			336			(2)		18		1,099			990			11
Net income	$	1,457		$	1,435		$	1,222		$	1,157		$	1,189		2	%	23	%	$	4,114		$	3,386		22	%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,339		$	1,391		$	1,149		$	1,130		$	1,110		(4)	%	21	%	$	3,879		$	3,206		21	%
Diluted earnings per common share	$	1.88		$	1.93		$	1.58		$	1.54		$	1.50		(3)	%	25	%	$	5.39		$	4.26		27	%
Average common shares and equivalents outstanding – diluted (in thousands)	712,854			720,007			727,398			733,720			742,080			(1)	%	(4)	%	720,344			752,555			(4)	%

Financial ratios (Returns are annualized)
Pre-tax operating margin	36		%	37		%	32		%	30		%	33		%					35		%	32		%
Return on common equity	13.7		%	14.7		%	12.6		%	12.2		%	12.0		%					13.7		%	11.8		%
Return on tangible common equity – Non-GAAP (a)	25.6		%	27.8		%	24.2		%	23.3		%	22.8		%					25.9		%	22.7		%
Non-U.S. revenue as a percentage of total revenue	35		%	36		%	33		%	35		%	35		%					35		%	35		%

Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)	$	57.8		$	55.8		$	53.1		$	52.1		$	52.1		4	%	11	%
Assets under management (“AUM”) (in trillions)	$	2.1		$	2.1		$	2.0		$	2.0		$	2.1		2	%	—	%
Full-time employees	49,200			49,900			51,000			51,800			52,600			(1)	%	(6)	%
Book value per common share	$	55.99		$	54.76		$	52.82		$	51.52		$	51.78
Tangible book value per common share – Non-GAAP (a)	$	30.60		$	29.57		$	28.20		$	27.05		$	28.01
Cash dividends per common share	$	0.53		$	0.47		$	0.47		$	0.47		$	0.47
Common dividend payout ratio	28		%	25		%	30		%	31		%	32		%
Closing stock price per common share	$	108.96		$	91.11		$	83.87		$	76.83		$	71.86
Market capitalization	$	75,983		$	64,254		$	60,003		$	55,139		$	52,248
Common shares outstanding (in thousands)	697,349			705,241			715,434			717,680			727,078

Capital ratios at period end (c)
Common Equity Tier 1 (“CET1”) ratio	11.7		%	11.5		%	11.5		%	11.2		%	11.9		%
Tier 1 capital ratio	14.4		%	14.5		%	14.6		%	13.7		%	14.5		%
Total capital ratio	15.3		%	15.5		%	15.7		%	14.8		%	15.6		%
Tier 1 leverage ratio	6.1		%	6.1		%	6.2		%	5.7		%	6.0		%
Supplementary leverage ratio (“SLR”)	6.7		%	6.9		%	6.9		%	6.5		%	7.0		%
(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 $2.1 trillion at Sept, 30, 2025, $2.0 trillion at June 30, 2025, $1.9 trillion at March 31, 2025, $1.8 trillion at Dec. 31, 2024 and $1.9 trillion at Sept. 30, 2024.
(c) Regulatory capital ratios for Sept. 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 Sept. 30, 2025, June 30, 2025, March 31, 2025 and Dec. 31, 2024 was the Standardized Approach, and 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.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET

	2025						2024
(dollars in millions)	Sept. 30		June 30		March 31		Dec. 31		Sept. 30
Assets
Cash and due from banks	$	5,055	$	5,699	$	5,354	$	4,178	$	6,234
Interest-bearing deposits with the Federal Reserve and other central banks	106,368		135,602		102,303		89,546		102,231
Interest-bearing deposits with banks	11,027		12,069		11,945		9,612		9,354
Federal funds sold and securities purchased under resale agreements	41,863		45,547		41,316		41,146		36,164
Securities	149,528		147,068		145,385		136,627		141,876
Trading assets	13,625		12,610		11,978		13,981		12,459
Loans	75,195		73,096		71,404		71,570		69,451
Allowance for loan losses	(272)		(275)		(295)		(294)		(296)
Net loans	74,923		72,821		71,109		71,276		69,155
Premises and equipment	3,549		3,289		3,257		3,266		3,380
Accrued interest receivable	1,426		1,348		1,302		1,293		1,319
Goodwill	16,773		16,823		16,661		16,598		16,338
Intangible assets	2,834		2,849		2,846		2,851		2,824
Other assets	28,341		30,056		27,235		25,690		26,127
Total assets	$	455,312	$	485,781	$	440,691	$	416,064	$	427,461
Liabilities
Deposits	$	314,697	$	346,393	$	308,644	$	289,524	$	296,438
Federal funds purchased and securities sold under repurchase agreements	16,585		15,492		15,663		14,064		14,574
Trading liabilities	3,499		6,134		4,580		4,865		4,553
Payables to customers and broker-dealers	23,638		21,273		22,244		20,073		19,741
Commercial paper	2,364		2,361		1,662		301		301
Other borrowed funds	283		293		212		225		401
Accrued taxes and other expenses	4,920		4,634		4,438		5,270		5,138
Other liabilities	12,678		11,233		8,756		9,124		10,726
Long-term debt	32,287		33,429		30,869		30,854		33,199
Total liabilities	410,951		441,242		397,068		374,300		385,071
Temporary equity
Redeemable noncontrolling interests	111		111		94		87		107
Permanent equity
Preferred stock	4,836		5,331		5,331		4,343		4,343
Common stock	14		14		14		14		14
Additional paid-in capital	29,795		29,659		29,535		29,321		29,230
Retained earnings	45,346		44,388		43,343		42,537		41,756
Accumulated other comprehensive loss, net of tax	(3,362)		(3,549)		(4,115)		(4,656)		(3,867)
Less: Treasury stock, at cost	(32,750)		(31,893)		(30,989)		(30,241)		(29,484)
Total The Bank of New York Mellon Corporation shareholders’ equity	43,879		43,950		43,119		41,318		41,992
Nonredeemable noncontrolling interests of consolidated investment management funds	371		478		410		359		291
Total permanent equity	44,250		44,428		43,529		41,677		42,283
Total liabilities, temporary equity and permanent equity	$	455,312	$	485,781	$	440,691	$	416,064	$	427,461


THE BANK OF NEW YORK MELLON CORPORATION
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:


Returns on common and tangible common equity ratios are annualized.



Return on common equity and tangible common equity reconciliation
(dollars in millions)	3Q25			2Q25			1Q25			4Q24			3Q24			YTD25			YTD24
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	1,339		$	1,391		$	1,149		$	1,130		$	1,110		$	3,879		$	3,206
Add: Amortization of intangible assets	12			11			11			13			12			34			37
Less: Tax impact of amortization of intangible assets	3			2			3			3			3			8			9
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	1,348		$	1,400		$	1,157		$	1,140		$	1,119		$	3,905		$	3,234

Average common shareholders’ equity	$	38,626		$	37,892		$	36,980		$	36,923		$	36,772		$	37,839		$	36,242
Less: Average goodwill	16,787			16,748			16,615			16,515			16,281			16,718			16,250
Average intangible assets	2,842			2,850			2,849			2,846			2,827			2,847			2,836
Add: Deferred tax liability – tax deductible goodwill	1,236			1,236			1,226			1,221			1,220			1,236			1,220
Deferred tax liability – intangible assets	665			668			666			665			656			665			656
Average tangible common shareholders’ equity – Non-GAAP	$	20,898		$	20,198		$	19,408		$	19,448		$	19,540		$	20,175		$	19,032

Return on common equity – GAAP	13.7		%	14.7		%	12.6		%	12.2		%	12.0		%	13.7		%	11.8		%
Return on tangible common equity – Non-GAAP	25.6		%	27.8		%	24.2		%	23.3		%	22.8		%	25.9		%	22.7		%


THE BANK OF NEW YORK MELLON CORPORATION
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)	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
The Bank of New York Mellon Corporation shareholders’ equity at period end – GAAP	$	43,879		$	43,950		$	43,119		$	41,318		$	41,992
Less: Preferred stock	4,836			5,331			5,331			4,343			4,343
The Bank of New York Mellon Corporation common shareholders’ equity at period end – GAAP	39,043			38,619			37,788			36,975			37,649
Less: Goodwill	16,773			16,823			16,661			16,598			16,338
Intangible assets	2,834			2,849			2,846			2,851			2,824
Add: Deferred tax liability – tax deductible goodwill	1,236			1,236			1,226			1,221			1,220
Deferred tax liability – intangible assets	665			668			666			665			656
The Bank of New York Mellon Corporation tangible common shareholders’ equity at period end – Non-GAAP	$	21,337		$	20,851		$	20,173		$	19,412		$	20,363

Period-end common shares outstanding (in thousands)	697,349			705,241			715,434			717,680			727,078

Book value per common share – GAAP	$	55.99		$	54.76		$	52.82		$	51.52		$	51.78
Tangible book value per common share – Non-GAAP	$	30.60		$	29.57		$	28.20		$	27.05		$	28.01



Net interest margin reconciliation
(dollars in millions)	3Q25			2Q25			1Q25			4Q24			3Q24
Net interest income – GAAP	$	1,236		$	1,203		$	1,159		$	1,194		$	1,048
Add: Tax equivalent adjustment	—			1			—			1			—
Net interest income (FTE) – Non-GAAP	$	1,236		$	1,204		$	1,159		$	1,195		$	1,048

Average interest-earning assets	$	374,493		$	375,542		$	354,687		$	357,768		$	356,934

Net interest margin – GAAP (a)	1.31		%	1.27		%	1.30		%	1.32		%	1.16		%
Net interest margin (FTE) – Non-GAAP (a)	1.31		%	1.27		%	1.30		%	1.32		%	1.16		%
(a) Net interest margin is annualized.


THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Pre-tax operating margin reconciliation - Investment and Wealth Management business segment
(dollars in millions)	3Q25			2Q25			1Q25			4Q24			3Q24			YTD25			YTD24
Income before income taxes – GAAP	$	184		$	148		$	63		$	173		$	176		$	395		$	432

Total revenue – GAAP	$	824		$	801		$	779		$	873		$	849		$	2,404		$	2,516
Less: Distribution and servicing expense	68			64			65			88			91			197			275
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP	$	756		$	737		$	714		$	785		$	758		$	2,207		$	2,241

Pre-tax operating margin – GAAP (a)	22		%	19		%	8		%	20		%	21		%	16		%	17		%
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a)	24		%	20		%	9		%	22		%	23		%	18		%	19		%
(a) Income before income taxes divided by total revenue.



Constant currency reconciliations							3Q25 vs.
(dollars in millions)	3Q25			3Q24			3Q24
Consolidated:
Investment management and performance fees – GAAP	$	782		$	794		(2)		%
Impact of changes in foreign currency exchange rates	—			7
Adjusted investment management and performance fees – Non-GAAP	$	782		$	801		(2)		%


Investment and Wealth Management business segment:
Investment management and performance fees – GAAP	$	782		$	795		(2)		%
Impact of changes in foreign currency exchange rates	—			7
Adjusted investment management and performance fees – Non-GAAP	$	782		$	802		(2)		%