BNY 8-K
Bank of New York Mellon Corp (BNY)
8-K
2026-07-15
For: 2026-07-15
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Added on
July 15, 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, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(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:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||||||
| (fully and unconditionally guaranteed by The Bank of New York Mellon Corporation) | ||||||||
| 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, 2026, The Bank of New York Mellon Corporation (“BNY”) released information on its financial results for the second quarter ended June 30, 2026. 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, 2026, BNY will hold a conference call and webcast to discuss its financial results for the second quarter ended June 30, 2026 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 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 information included in Exhibit 99.2 shall be deemed “filed” for purposes of the Exchange Act. | ||||||||
| 99.3 | ||||||||
| 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. | |||||||
2
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 (Registrant) | |||||||||||
| Date: July 15, 2026 | By: | /s/ Jean Weng | |||||||||
| Name: Title: | Jean Weng Secretary | ||||||||||
3
 | 2Q26 | FINANCIALRESULTS | ||||||||||||
BNY Reports Second Quarter 2026
Earnings Per Common Share of $2.45
NEW YORK, July 15, 2026 – The Bank of New York Mellon Corporation (“BNY”) (NYSE: BNY) today has reported financial results for the second quarter of 2026.
| CEO COMMENTARY | ||||||||
 | In a dynamic market, BNY delivered another strong quarter with robust organic growth, once again demonstrating BNY’s position at the heart of the world’s capital markets. Enabled by our new commercial and platform operating models, our people are coming together to support our clients | |||||||
and deliver strong financial performance. We grew revenue by 13% year-over-year to a record $5.7 billion and generated 600 basis points of positive operating leverage, a pre-tax margin of 40% and an ROTCE of 31%. Growth was broad-based across Securities Services, Market and Wealth Services and Investment and Wealth Management, reflecting healthy client activity as well as the impact of our continuous investments and strategic actions to enable differentiated solutions for our clients. We also achieved another quarter of record sales. | ||||||||
| Halfway through the year, our performance underscores BNY’s strong momentum, and our teams around the world remain focused on delivering more for our clients and shareholders. |  | |||||||
– Robin Vince, Chief Executive Officer | ||||||||
| EPS | Pre-tax margin | ROE | ROTCE | |||||||||||||||||
$2.45 | 40% | 17% | 31% (a) | |||||||||||||||||
| KEY FINANCIAL INFORMATION | |||||||||||
| (dollars in millions, except per share amounts and unless otherwise noted) | 2Q26 vs. | ||||||||||
| 2Q26 | 1Q26 | 2Q25 | |||||||||
| Selected income statement data: | |||||||||||
| Total fee revenue | $ | 4,036 | 7 | % | 11 | % | |||||
| Investment and other revenue | 216 | N/M | N/M | ||||||||
| Net interest income | 1,446 | 6 | % | 20 | % | ||||||
| Total revenue | $ | 5,698 | 5 | % | 13 | % | |||||
| Provision for credit losses | (8) | N/M | N/M | ||||||||
| Noninterest expense | $ | 3,439 | 1 | % | 7 | % | |||||
| Net income applicable to common shareholders | $ | 1,696 | 9 | % | 22 | % | |||||
| Diluted EPS | $ | 2.45 | 9 | % | 27 | % | |||||
| Selected metrics: | |||||||||||
AUC/A (in trillions) | $ | 62.6 | 5 | % | 12 | % | |||||
AUM (in trillions) | $ | 2.2 | 5 | % | 6 | % | |||||
| Financial ratios: | 2Q26 | 1Q26 | 2Q25 | ||||||||
| Pre-tax operating margin | 39.8 | % | 37.3 | % | 36.6 | % | |||||
| ROE | 17.2 | % | 16.1 | % | 14.7 | % | |||||
ROTCE (a) | 31.3 | % | 29.3 | % | 27.8 | % | |||||
| Capital ratios: | |||||||||||
| Tier 1 leverage ratio | 5.9 | % | 6.0 | % | 6.1 | % | |||||
| CET1 ratio | 11.0 | % | 11.0 | % | 11.5 | % | |||||
| HIGHLIGHTS | ||
Results
•Total revenue of $5.7 billion, increased 13%
•Noninterest expense of $3.4 billion, increased 7%
•Diluted EPS of $2.45, increased 27%
Profitability
•Pre-tax operating margin of 39.8%
•ROTCE of 31.3% (a)
Balance sheet
•Average deposits of $314 billion, increased 5% year-over-year and decreased 1% sequentially
•Tier 1 leverage ratio of 5.9%, decreased 17 bps year-over-year and 7 bps sequentially
Capital distribution
•Returned $1.5 billion of capital to common shareholders
•$371 million of dividends
•$1.1 billion of share repurchases
•Total payout ratio of 87% 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 2Q26 vs. 2Q25, unless otherwise noted. | |||||
Media: Anneliese Diedrichs + 1 646 468 6026 | Investors: Marius Merz +1 212 298 1480 | ||||
BNY 2Q26 Financial Results | ||
CONSOLIDATED FINANCIAL HIGHLIGHTS
| (dollars in millions, except per share amounts and unless otherwise noted; not meaningful - N/M) | 2Q26 vs. | ||||||||||||||||
| 2Q26 | 1Q26 | 2Q25 | 1Q26 | 2Q25 | |||||||||||||
| Fee revenue | $ | 4,036 | $ | 3,768 | $ | 3,641 | 7 | % | 11 | % | |||||||
| Investment and other revenue | 216 | 271 | 184 | N/M | N/M | ||||||||||||
| Total fee and other revenue | 4,252 | 4,039 | 3,825 | 5 | 11 | ||||||||||||
| Net interest income | 1,446 | 1,370 | 1,203 | 6 | 20 | ||||||||||||
| Total revenue | 5,698 | 5,409 | 5,028 | 5 | 13 | ||||||||||||
| Provision for credit losses | (8) | (7) | (17) | N/M | N/M | ||||||||||||
| Noninterest expense | 3,439 | 3,400 | 3,206 | 1 | 7 | ||||||||||||
| Income before taxes | 2,267 | 2,016 | 1,839 | 12 | 23 | ||||||||||||
| Provision for income taxes | 475 | 386 | 404 | 23 | 18 | ||||||||||||
| Net income | $ | 1,792 | $ | 1,630 | $ | 1,435 | 10 | % | 25 | % | |||||||
| Net income applicable to common shareholders of The Bank of New York Mellon Corporation | $ | 1,696 | $ | 1,562 | $ | 1,391 | 9 | % | 22 | % | |||||||
Operating leverage (a) | 419 | bps | 606 | bps | |||||||||||||
| Diluted earnings per common share | $ | 2.45 | $ | 2.24 | $ | 1.93 | 9 | % | 27 | % | |||||||
Average common shares and equivalents outstanding - diluted (in thousands) | 692,223 | 698,164 | 720,007 | ||||||||||||||
| Pre-tax operating margin | 39.8 | % | 37.3 | % | 36.6 | % | |||||||||||
| Metrics: | |||||||||||||||||
| Average loans | $ | 85,587 | $ | 81,058 | $ | 71,265 | 6 | % | 20 | % | |||||||
| Average deposits | 314,036 | 318,446 | 300,298 | (1) | 5 | ||||||||||||
AUC/A at period end (in trillions) (current period is preliminary) | 62.6 | 59.4 | 55.8 | 5 | 12 | ||||||||||||
AUM at period end (in trillions) (current period is preliminary) | 2.2 | 2.1 | 2.1 | 5 | 6 | ||||||||||||
Non-GAAP measures, excluding notable items: (b) | |||||||||||||||||
| Adjusted total revenue | $ | 5,698 | $ | 5,409 | $ | 5,028 | 5 | % | 13 | % | |||||||
| Adjusted noninterest expense | 3,431 | 3,386 | 3,194 | 1 | 7 | ||||||||||||
Adjusted operating leverage (a) | 401 | bps | 591 | bps | |||||||||||||
| Adjusted diluted earnings per common share | $ | 2.46 | $ | 2.25 | $ | 1.94 | 9 | % | 27 | % | |||||||
| Adjusted pre-tax operating margin | 39.9 | % | 37.5 | % | 36.8 | % | |||||||||||
(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 2Q26 vs. 2Q25, unless otherwise noted)
•Total revenue increased 13%, primarily reflecting:
•Fee revenue increased 11%, primarily reflecting net new business, higher market values and higher client activity, partially offset by the mix of AUM flows.
•Investment and other revenue increased primarily reflecting improved seed capital results.
•Net interest income increased 20%, primarily reflecting the reinvestment of investment securities at higher yields and balance sheet growth, partially offset by deposit margin compression.
•Provision for credit losses was a benefit of $8 million, primarily reflecting improvements in commercial real estate exposure, partially offset by changes in macroeconomic and other factors.
•Noninterest expense increased 7%, primarily reflecting higher revenue-related expenses, investments and employee salary increases, partially offset by efficiency savings.
•Effective tax rate of 21.0%.
Assets under custody and/or administration (“AUC/A”) and Assets under management (“AUM”)
•AUC/A increased 12%, primarily reflecting higher market values and net client inflows, partially offset by the unfavorable impact of a stronger U.S. dollar.
•AUM increased 6%, primarily reflecting higher market values, partially offset by the unfavorable impact of the stronger U.S. dollar and cumulative net outflows.
Capital and liquidity
•$371 million of dividends to common shareholders (a); $1.1 billion of common share repurchases.
•Return on common equity (“ROE”) – 17.2%.
•Return on tangible common equity (“ROTCE”) – 31.3% (b).
•Common Equity Tier 1 (“CET1”) ratio – 11.0%; Tier 1 leverage ratio – 5.9%.
•Average liquidity coverage ratio (“LCR”) – 111%; Average net stable funding ratio (“NSFR”) – 130%.
•Total Loss Absorbing Capacity (“TLAC”) ratios exceed minimum requirements.
(a) Including dividend-equivalents on share-based awards.
(b) See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9 for additional information.
Note: Throughout this document, sequential growth rates are unannualized.
2 | ||
BNY 2Q26 Financial Results | ||
SECURITIES SERVICES BUSINESS SEGMENT HIGHLIGHTS
| (dollars in millions, unless otherwise noted; not meaningful - N/M) | 2Q26 vs. | ||||||||||||||||
| 2Q26 | 1Q26 | 2Q25 | 1Q26 | 2Q25 | |||||||||||||
| Investment services fees: | |||||||||||||||||
| Asset Servicing | $ | 1,209 | $ | 1,170 | $ | 1,082 | 3 | % | 12 | % | |||||||
| Issuer Services | 463 | 278 | 376 | 67 | 23 | ||||||||||||
| Total investment services fees | 1,672 | 1,448 | 1,458 | 15 | 15 | ||||||||||||
| Foreign exchange revenue | 203 | 196 | 175 | 4 | 16 | ||||||||||||
Other fees (a) | 77 | 74 | 60 | 4 | 28 | ||||||||||||
| Total fee revenue | 1,952 | 1,718 | 1,693 | 14 | 15 | ||||||||||||
| Investment and other revenue | 94 | 203 | 94 | N/M | N/M | ||||||||||||
| Total fee and other revenue | 2,046 | 1,921 | 1,787 | 7 | 14 | ||||||||||||
| Net interest income | 782 | 757 | 675 | 3 | 16 | ||||||||||||
| Total revenue | 2,828 | 2,678 | 2,462 | 6 | 15 | ||||||||||||
| Provision for credit losses | (5) | (11) | (13) | N/M | N/M | ||||||||||||
| Noninterest expense | 1,722 | 1,648 | 1,605 | 4 | 7 | ||||||||||||
| Income before taxes | $ | 1,111 | $ | 1,041 | $ | 870 | 7 | % | 28 | % | |||||||
| Total revenue by line of business: | |||||||||||||||||
| Asset Servicing | $ | 2,121 | $ | 2,170 | $ | 1,858 | (2) | % | 14 | % | |||||||
| Issuer Services | 707 | 508 | 604 | 39 | 17 | ||||||||||||
| Total revenue by line of business | $ | 2,828 | $ | 2,678 | $ | 2,462 | 6 | % | 15 | % | |||||||
| Pre-tax operating margin | 39.3 | % | 38.9 | % | 35.3 | % | |||||||||||
Securities lending revenue (b) | $ | 78 | $ | 72 | $ | 56 | 8 | % | 39 | % | |||||||
| Metrics: | |||||||||||||||||
| Average loans | $ | 13,180 | $ | 12,265 | $ | 11,327 | 7 | % | 16 | % | |||||||
| Average deposits | $ | 194,183 | $ | 197,789 | $ | 185,823 | (2) | % | 4 | % | |||||||
AUC/A at period end (in trillions) (current period is preliminary) (c) | $ | 45.3 | $ | 42.7 | $ | 39.9 | 6 | % | 14 | % | |||||||
Market value of securities on loan at period end (in billions) (d) | $ | 645 | $ | 629 | $ | 516 | 3 | % | 25 | % | |||||||
(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 $2.2 trillion at June 30, 2026, $2.1 trillion at March 31, 2026 and $2.0 trillion at June 30, 2025.
(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 $71 billion at June 30, 2026, $73 billion at March 31, 2026 and $68 billion at June 30, 2025.
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, client activity, market values and foreign exchange revenue. The sequential decrease primarily reflects the impact of 1Q26 investment gains, partially offset by higher client activity, net interest income and market values.
•Issuer Services – The year-over-year increase primarily reflects higher Corporate Trust revenue. The sequential increase reflects higher Depositary Receipts and Corporate Trust revenue.
•Noninterest expense increased year-over-year primarily reflecting higher revenue-related expenses, investments and employee salary increases, partially offset by efficiency savings. The sequential increase primarily reflects higher revenue-related expenses and employee salary increases, partially offset by efficiency savings.
3 | ||
BNY 2Q26 Financial Results | ||
MARKET AND WEALTH SERVICES BUSINESS SEGMENT HIGHLIGHTS
| (dollars in millions, unless otherwise noted; not meaningful - N/M) | 2Q26 vs. | ||||||||||||||||
| 2Q26 | 1Q26 | 2Q25 | 1Q26 | 2Q25 | |||||||||||||
| Investment services fees: | |||||||||||||||||
| Wealth Solutions | $ | 551 | $ | 544 | $ | 525 | 1 | % | 5 | % | |||||||
| Payments and Trade | 224 | 220 | 209 | 2 | 7 | ||||||||||||
| Clearance and Collateral Management | 453 | 430 | 385 | 5 | 18 | ||||||||||||
| Total investment services fees | 1,228 | 1,194 | 1,119 | 3 | 10 | ||||||||||||
| Foreign exchange revenue | 34 | 36 | 30 | (6) | 13 | ||||||||||||
Other fees (a) | 71 | 70 | 63 | 1 | 13 | ||||||||||||
| Total fee revenue | 1,333 | 1,300 | 1,212 | 3 | 10 | ||||||||||||
| Investment and other revenue | 26 | 21 | 36 | N/M | N/M | ||||||||||||
| Total fee and other revenue | 1,359 | 1,321 | 1,248 | 3 | 9 | ||||||||||||
| Net interest income | 611 | 571 | 506 | 7 | 21 | ||||||||||||
| Total revenue | 1,970 | 1,892 | 1,754 | 4 | 12 | ||||||||||||
| Provision for credit losses | (2) | (6) | (6) | N/M | N/M | ||||||||||||
| Noninterest expense | 948 | 937 | 912 | 1 | 4 | ||||||||||||
| Income before taxes | $ | 1,024 | $ | 961 | $ | 848 | 7 | % | 21 | % | |||||||
| Total revenue by line of business: | |||||||||||||||||
| Wealth Solutions | $ | 806 | $ | 783 | $ | 751 | 3 | % | 7 | % | |||||||
| Payments and Trade | 571 | 545 | 490 | 5 | 17 | ||||||||||||
| Clearance and Collateral Management | 593 | 564 | 513 | 5 | 16 | ||||||||||||
| Total revenue by line of business | $ | 1,970 | $ | 1,892 | $ | 1,754 | 4 | % | 12 | % | |||||||
| Pre-tax operating margin | 52.0 | % | 50.8 | % | 48.4 | % | |||||||||||
| Metrics: | |||||||||||||||||
| Average loans | $ | 56,258 | $ | 52,921 | $ | 44,262 | 6 | % | 27 | % | |||||||
| Average deposits | $ | 102,606 | $ | 103,043 | $ | 96,574 | — | % | 6 | % | |||||||
AUC/A at period end (in trillions) (current period is preliminary) (b) | $ | 16.9 | $ | 16.5 | $ | 15.6 | 2 | % | 8 | % | |||||||
(a) Other fees primarily include financing-related fees.
(b) Consists of AUC/A from the Clearance and Collateral Management and Wealth Solutions lines of business.
KEY DRIVERS
•The drivers of the total revenue variances by line of business are indicated below.
•Wealth Solutions – The year-over-year and sequential increases primarily reflect higher net interest income, market values and client activity.
•Payments and Trade – The year-over-year and sequential increases primarily reflect higher net interest income and net new business.
•Clearance and Collateral Management – The year-over-year and sequential increases primarily reflect higher collateral balances, clearance volumes and net interest income.
•Noninterest expense increased year-over-year primarily reflecting higher investments, revenue-related expenses and employee salary increases, partially offset by efficiency savings and the absence of 2Q25 litigation reserves. The sequential increase primarily reflects higher revenue-related expenses, partially offset by efficiency savings.
4 | ||
BNY 2Q26 Financial Results | ||
INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT HIGHLIGHTS
| (dollars in millions, unless otherwise noted; not meaningful - N/M) | 2Q26 vs. | ||||||||||||||||
| 2Q26 | 1Q26 | 2Q25 | 1Q26 | 2Q25 | |||||||||||||
| Investment management fees | $ | 793 | $ | 785 | $ | 748 | 1 | % | 6 | % | |||||||
| Performance fees | 3 | 1 | 10 | N/M | N/M | ||||||||||||
| Investment management and performance fees | 796 | 786 | 758 | 1 | 5 | ||||||||||||
| Distribution and servicing fees | 71 | 70 | 69 | 1 | 3 | ||||||||||||
Other fees (a) | (87) | (83) | (76) | N/M | N/M | ||||||||||||
| Total fee revenue | 780 | 773 | 751 | 1 | 4 | ||||||||||||
Investment and other revenue (b) | 29 | (1) | 9 | N/M | N/M | ||||||||||||
Total fee and other revenue (b) | 809 | 772 | 760 | 5 | 6 | ||||||||||||
| Net interest income | 54 | 53 | 41 | 2 | 32 | ||||||||||||
| Total revenue | 863 | 825 | 801 | 5 | 8 | ||||||||||||
| Provision for credit losses | (5) | 9 | — | N/M | N/M | ||||||||||||
| Noninterest expense | 686 | 726 | 653 | (6) | 5 | ||||||||||||
| Income before taxes | $ | 182 | $ | 90 | $ | 148 | 102 | % | 23 | % | |||||||
| Total revenue by line of business: | |||||||||||||||||
| Investment Management | $ | 577 | $ | 550 | $ | 543 | 5 | % | 6 | % | |||||||
| Wealth Management | 286 | 275 | 258 | 4 | 11 | ||||||||||||
| Total revenue by line of business | $ | 863 | $ | 825 | $ | 801 | 5 | % | 8 | % | |||||||
| Pre-tax operating margin | 21.1 | % | 10.9 | % | 18.5 | % | |||||||||||
| Metrics: | |||||||||||||||||
| Average loans | $ | 14,410 | $ | 14,233 | $ | 13,991 | 1 | % | 3 | % | |||||||
| Average deposits | $ | 9,691 | $ | 9,592 | $ | 9,216 | 1 | % | 5 | % | |||||||
AUM (in billions) (current period is preliminary) (c) | $ | 2,226 | $ | 2,126 | $ | 2,106 | 5 | % | 6 | % | |||||||
Wealth Management client assets (in billions) (current period is preliminary) (d) | $ | 348 | $ | 339 | $ | 339 | 3 | % | 3 | % | |||||||
(a) Other fees primarily include investment services fees.
(b) 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.
(c) Represents assets managed in the Investment and Wealth Management business segment.
(d) 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 increase primarily reflects higher market values and improved seed capital results, partially offset by the mix of AUM flows. The sequential increase primarily reflects improved seed capital results.
•Wealth Management – The year-over-year increase primarily reflects higher market values and net interest income, partially offset by changes in product mix. The sequential increase primarily reflects higher market values.
•Noninterest expense increased year-over-year primarily reflecting higher revenue-related expenses, investments and employee salary increases, partially offset by efficiency savings. The sequential decrease primarily reflects lower revenue-related expenses.
5 | ||
BNY 2Q26 Financial Results | ||
OTHER SEGMENT
The Other segment primarily includes corporate treasury activities, including our investment 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) | 2Q26 | 1Q26 | 2Q25 | ||||||||
| Fee revenue | $ | (29) | $ | (23) | $ | (15) | |||||
| Investment and other revenue | 36 | 50 | 33 | ||||||||
| Total fee and other revenue | 7 | 27 | 18 | ||||||||
| Net interest income (expense) | (1) | (11) | (19) | ||||||||
| Total revenue | 6 | 16 | (1) | ||||||||
| Provision for credit losses | 4 | 1 | 2 | ||||||||
| Noninterest expense | 83 | 89 | 36 | ||||||||
| Loss before taxes | $ | (81) | $ | (74) | $ | (39) | |||||
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 1Q26 renewable energy investment gains, partially offset by lower net investment securities losses.
•Noninterest expense increased year-over-year primarily reflecting higher staff expenses and the absence of 2Q25 lower litigation reserves.
6 | ||
BNY 2Q26 Financial Results | ||
CAPITAL AND LIQUIDITY
| Capital and liquidity ratios | June 30, 2026 | March 31, 2026 | Dec. 31, 2025 | ||||||||
Consolidated regulatory capital ratios: (a) | |||||||||||
| CET1 ratio | 11.0 | % | 11.0 | % | 11.9 | % | |||||
| Tier 1 capital ratio | 13.4 | 13.8 | 14.6 | ||||||||
| Total capital ratio | 14.2 | 14.6 | 15.4 | ||||||||
Tier 1 leverage ratio (a) | 5.9 | 6.0 | 6.0 | ||||||||
Supplementary leverage ratio (a) | 6.3 | 6.6 | 6.7 | ||||||||
| BNY shareholders’ equity to total assets ratio | 8.5 | % | 8.0 | % | 9.4 | % | |||||
| BNY common shareholders’ equity to total assets ratio | 7.6 | % | 7.0 | % | 8.4 | % | |||||
Average LCR (a) | 111 | % | 111 | % | 112 | % | |||||
Average NSFR (a) | 130 | % | 131 | % | 130 | % | |||||
| Book value per common share | $ | 58.82 | $ | 57.48 | $ | 57.36 | |||||
Tangible book value per common share – Non-GAAP (b) | $ | 32.81 | $ | 31.75 | $ | 31.64 | |||||
Common shares outstanding (in thousands) | 678,504 | 686,379 | 688,236 | ||||||||
(a) Regulatory capital and liquidity ratios for June 30, 2026 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 the periods presented, 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 of $21.6 billion increased compared with March 31, 2026, primarily reflecting capital generated through earnings, partially offset by capital returned through common stock repurchases and dividends. The CET1 ratio was flat compared with March 31, 2026, reflecting the increase in capital, offset by higher risk-weighted assets.
•Tier 1 capital of $26.3 billion, decreased compared with March 31, 2026, primarily reflecting capital returned through common stock repurchases and dividends and a redemption of preferred stock, partially offset by capital generated through earnings. The Tier 1 leverage ratio decreased compared with March 31, 2026, primarily reflecting higher average assets.
NET INTEREST INCOME
| Net interest income | 2Q26 vs. | ||||||||||||||||
| (dollars in millions; not meaningful - N/M) | 2Q26 | 1Q26 | 2Q25 | 1Q26 | 2Q25 | ||||||||||||
| Net interest income | $ | 1,446 | $ | 1,370 | $ | 1,203 | 6% | 20% | |||||||||
| Add: Tax equivalent adjustment | — | — | 1 | N/M | N/M | ||||||||||||
Net interest income, on a fully taxable equivalent (“FTE”) basis – Non-GAAP (a) | $ | 1,446 | $ | 1,370 | $ | 1,204 | 6% | 20% | |||||||||
| Average interest-earning assets | $ | 397,635 | $ | 396,310 | $ | 375,542 | —% | 6% | |||||||||
| Net interest margin | 1.45 | % | 1.38 | % | 1.27 | % | 7 | bps | 18 | bps | |||||||
Net interest margin (FTE) – Non-GAAP (a) | 1.45 | % | 1.38 | % | 1.27 | % | 7 | bps | 18 | 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 primarily reflecting the reinvestment of investment securities at higher yields and balance sheet growth, partially offset by deposit margin compression.
•Sequentially, net interest income increased primarily reflecting the reinvestment of investment securities at higher yields and changes in balance sheet size and mix.
7 | ||
BNY 2Q26 Financial Results | ||
THE BANK OF NEW YORK MELLON CORPORATION
Condensed Consolidated Income Statement
| (dollars in millions) | Quarter ended | Year-to-date | ||||||||||||||||||
| June 30, 2026 | March 31, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | ||||||||||||||||
| Fee and other revenue | ||||||||||||||||||||
| Investment services fees | $ | 2,909 | $ | 2,652 | $ | 2,583 | $ | 5,561 | $ | 4,994 | ||||||||||
| Investment management and performance fees | 796 | 785 | 758 | 1,581 | 1,497 | |||||||||||||||
| Foreign exchange revenue | 229 | 232 | 213 | 461 | 369 | |||||||||||||||
| Financing-related fees | 64 | 62 | 51 | 126 | 111 | |||||||||||||||
| Distribution and servicing fees | 38 | 37 | 36 | 75 | 73 | |||||||||||||||
| Total fee revenue | 4,036 | 3,768 | 3,641 | 7,804 | 7,044 | |||||||||||||||
| Investment and other revenue | 216 | 271 | 184 | 487 | 414 | |||||||||||||||
| Total fee and other revenue | 4,252 | 4,039 | 3,825 | 8,291 | 7,458 | |||||||||||||||
| Net interest income | ||||||||||||||||||||
| Interest income | 5,940 | 5,824 | 6,602 | 11,764 | 12,725 | |||||||||||||||
| Interest expense | 4,494 | 4,454 | 5,399 | 8,948 | 10,363 | |||||||||||||||
| Net interest income | 1,446 | 1,370 | 1,203 | 2,816 | 2,362 | |||||||||||||||
| Total revenue | 5,698 | 5,409 | 5,028 | 11,107 | 9,820 | |||||||||||||||
| Provision for credit losses | (8) | (7) | (17) | (15) | 1 | |||||||||||||||
| Noninterest expense | ||||||||||||||||||||
| Staff | 1,785 | 1,888 | 1,768 | 3,673 | 3,602 | |||||||||||||||
| Software and equipment | 569 | 556 | 527 | 1,125 | 1,040 | |||||||||||||||
| Professional, legal and other purchased services | 441 | 388 | 388 | 829 | 754 | |||||||||||||||
| Sub-custodian and clearing | 162 | 151 | 150 | 313 | 281 | |||||||||||||||
| Net occupancy | 143 | 123 | 132 | 266 | 268 | |||||||||||||||
| Distribution and servicing | 76 | 73 | 63 | 149 | 128 | |||||||||||||||
| Business development | 68 | 50 | 53 | 118 | 101 | |||||||||||||||
| Bank assessment charges | 32 | 24 | 22 | 56 | 60 | |||||||||||||||
| Amortization of intangible assets | 10 | 9 | 11 | 19 | 22 | |||||||||||||||
| Other | 153 | 138 | 92 | 291 | 202 | |||||||||||||||
| Total noninterest expense | 3,439 | 3,400 | 3,206 | 6,839 | 6,458 | |||||||||||||||
| Income | ||||||||||||||||||||
| Income before taxes | 2,267 | 2,016 | 1,839 | 4,283 | 3,361 | |||||||||||||||
| Provision for income taxes | 475 | 386 | 404 | 861 | 704 | |||||||||||||||
| Net income | 1,792 | 1,630 | 1,435 | 3,422 | 2,657 | |||||||||||||||
| Net (income) loss attributable to noncontrolling interests related to consolidated investment management funds | (31) | 2 | (12) | (29) | (14) | |||||||||||||||
| Net income applicable to shareholders of The Bank of New York Mellon Corporation | 1,761 | 1,632 | 1,423 | 3,393 | 2,643 | |||||||||||||||
| Preferred stock dividends | (65) | (70) | (32) | (135) | (103) | |||||||||||||||
| Net income applicable to common shareholders of The Bank of New York Mellon Corporation | $ | 1,696 | $ | 1,562 | $ | 1,391 | $ | 3,258 | $ | 2,540 | ||||||||||
| Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation | Quarter ended | Year-to-date | ||||||||||||||||||
| June 30, 2026 | March 31, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | ||||||||||||||||
| (in dollars) | ||||||||||||||||||||
| Basic | $ | 2.47 | $ | 2.26 | $ | 1.95 | $ | 4.73 | $ | 3.54 | ||||||||||
| Diluted | $ | 2.45 | $ | 2.24 | $ | 1.93 | $ | 4.68 | $ | 3.51 | ||||||||||
8 | ||
BNY 2Q26 Financial Results | ||
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.
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 expense measures, excluding notable items, including severance expense, litigation reserves and the FDIC special assessment. Litigation reserves represent accruals for loss contingencies that are both probable and reasonably estimable, but exclude standard business-related legal fees. Income before taxes, 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 | 2Q26 vs. | |||||||||||||||||||||||||
| (dollars in millions, except per share amounts) | 2Q26 | 1Q26 | 2Q25 | 1Q26 | 2Q25 | |||||||||||||||||||||
| Total revenue – GAAP | $ | 5,698 | $ | 5,409 | $ | 5,028 | 5 | % | 13 | % | ||||||||||||||||
| Adjusted total revenue – Non-GAAP | $ | 5,698 | $ | 5,409 | $ | 5,028 | 5 | % | 13 | % | ||||||||||||||||
| Total noninterest expense – GAAP | $ | 3,439 | $ | 3,400 | $ | 3,206 | 1 | % | 7 | % | ||||||||||||||||
Less: Severance expense (a) | 6 | 18 | 34 | |||||||||||||||||||||||
Litigation reserves (a) | 2 | 3 | (16) | |||||||||||||||||||||||
FDIC special assessment (a) | — | (7) | (6) | |||||||||||||||||||||||
| Adjusted total noninterest expense – Non-GAAP | $ | 3,431 | $ | 3,386 | $ | 3,194 | 1 | % | 7 | % | ||||||||||||||||
| Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP | $ | 1,696 | $ | 1,562 | $ | 1,391 | 9 | % | 22 | % | ||||||||||||||||
Less: Severance expense (a) | (5) | (14) | (27) | |||||||||||||||||||||||
Litigation reserves (a) | (2) | (3) | 16 | |||||||||||||||||||||||
FDIC special assessment (a) | — | 6 | 5 | |||||||||||||||||||||||
| Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation – Non-GAAP | $ | 1,703 | $ | 1,573 | $ | 1,397 | 8 | % | 22 | % | ||||||||||||||||
| Diluted earnings per common share – GAAP | $ | 2.45 | $ | 2.24 | $ | 1.93 | 9 | % | 27 | % | ||||||||||||||||
Less: Severance expense (a) | (0.01) | (0.02) | (0.04) | |||||||||||||||||||||||
Litigation reserves (a) | — | — | 0.02 | |||||||||||||||||||||||
FDIC special assessment (a) | — | 0.01 | 0.01 | |||||||||||||||||||||||
| Total diluted earnings per common share impact of notable items | (0.01) | (0.02) | (b) | (0.01) | ||||||||||||||||||||||
| Adjusted diluted earnings per common share – Non-GAAP | $ | 2.46 | $ | 2.25 | (b) | $ | 1.94 | 9 | % | 27 | % | |||||||||||||||
Operating leverage – GAAP (c) | 419 | bps | 606 | bps | ||||||||||||||||||||||
Adjusted operating leverage – Non-GAAP (c) | 401 | bps | 591 | bps | ||||||||||||||||||||||
(a) Severance expense is reflected in Staff expense, Litigation reserves in Other expense, and FDIC special assessment in Bank assessment charges, respectively.
(b) Does not foot due to rounding.
(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.
9 | ||
BNY 2Q26 Financial Results | ||
| Pre-tax operating margin reconciliation | |||||||||||
| (dollars in millions) | 2Q26 | 1Q26 | 2Q25 | ||||||||
| Income before taxes – GAAP | $ | 2,267 | $ | 2,016 | $ | 1,839 | |||||
Less: Impact of notable items (a) | (8) | (14) | (12) | ||||||||
| Adjusted income before taxes, excluding notable items – Non-GAAP | $ | 2,275 | $ | 2,030 | $ | 1,851 | |||||
| Total revenue – GAAP | $ | 5,698 | $ | 5,409 | $ | 5,028 | |||||
Pre-tax operating margin – GAAP (b) | 39.8 | % | 37.3 | % | 36.6 | % | |||||
Adjusted pre-tax operating margin – Non-GAAP (b) | 39.9 | % | 37.5 | % | 36.8 | % | |||||
(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) | 2Q26 | 1Q26 | 2Q25 | ||||||||
| Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP | $ | 1,696 | $ | 1,562 | $ | 1,391 | |||||
| Add: Amortization of intangible assets | 10 | 9 | 11 | ||||||||
| Less: Tax impact of amortization of intangible assets | 3 | 2 | 2 | ||||||||
| Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP | $ | 1,703 | $ | 1,569 | $ | 1,400 | |||||
Impact of notable items (a) | (7) | (11) | (6) | ||||||||
| 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 | $ | 1,710 | $ | 1,580 | $ | 1,406 | |||||
| Average common shareholders’ equity | $ | 39,535 | $ | 39,448 | $ | 37,892 | |||||
| Less: Average goodwill | 16,768 | 16,774 | 16,748 | ||||||||
| Average intangible assets | 2,809 | 2,819 | 2,850 | ||||||||
| Add: Deferred tax liability – tax deductible goodwill | 1,225 | 1,226 | 1,236 | ||||||||
| Deferred tax liability – intangible assets | 659 | 660 | 668 | ||||||||
| Average tangible common shareholders’ equity – Non-GAAP | $ | 21,842 | $ | 21,741 | $ | 20,198 | |||||
Return on common equity – GAAP (b) | 17.2 | % | 16.1 | % | 14.7 | % | |||||
Adjusted return on common equity – Non-GAAP (b) | 17.3 | % | 16.2 | % | 14.8 | % | |||||
Return on tangible common equity – Non-GAAP (b) | 31.3 | % | 29.3 | % | 27.8 | % | |||||
Adjusted return on tangible common equity – Non-GAAP (b) | 31.4 | % | 29.5 | % | 27.9 | % | |||||
(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, 2026. 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, 2025 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.
10 | ||
BNY 2Q26 Financial Results | ||
ABOUT BNY
BNY is a global financial services platforms company at the heart of the world’s capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally. 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. As of June 30, 2026, BNY oversees $62.6 trillion in assets under custody and/or administration and $2.2 trillion in assets under management.
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BNY). 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 11:00 a.m. ET on July 15, 2026. 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 +1 800 330-6730 (U.S.) or
+1 646 769-9500 (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, 2026.
An archived version of the second quarter conference call and audio webcast will be available beginning on July 15, 2026 at approximately 3:00 p.m. ET through August 14, 2026 at www.bny.com/investorrelations.
11 | ||
| The Bank of New York Mellon Corporation | ||
| Financial Supplement | ||
| Second Quarter 2026 | ||
| Table of Contents | | |||||||
| Consolidated Results | Page | |||||||
| Consolidated Financial Highlights | ||||||||
| Condensed Consolidated Income Statement | ||||||||
| Earnings Per Share and Related Information | ||||||||
| Condensed Consolidated Balance Sheet | ||||||||
| Fee and Other Revenue | ||||||||
| Average Balances and Interest Rates | ||||||||
| Capital and Liquidity | ||||||||
| Business Segment Results | ||||||||
| Securities Services Business Segment | ||||||||
| Market and Wealth Services Business Segment | ||||||||
| Investment and Wealth Management Business Segment | ||||||||
| AUM by Product Type, Changes in AUM and Wealth Management Client Assets | ||||||||
| Other Segment | ||||||||
| Other | ||||||||
| Investment Securities Portfolio | ||||||||
| Allowance for Credit Losses and Nonperforming Assets | ||||||||
| Supplemental Information | ||||||||
| Explanation of GAAP and Non-GAAP Financial Measures | ||||||||
| THE BANK OF NEW YORK MELLON CORPORATION | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CONSOLIDATED FINANCIAL HIGHLIGHTS | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollars in millions, except per common share amounts, or unless otherwise noted) | 2Q26 vs. | YTD26 vs. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | 1Q26 | 2Q25 | YTD26 | YTD25 | YTD25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Selected income statement data | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fee and other revenue | $ | 4,252 | $ | 4,039 | $ | 3,833 | $ | 3,845 | $ | 3,825 | 5 | % | 11 | % | $ | 8,291 | $ | 7,458 | 11 | % | ||||||||||||||||||||||||||||||||||||||||||
| Net interest income | 1,446 | 1,370 | 1,346 | 1,236 | 1,203 | 6 | 20 | 2,816 | 2,362 | 19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total revenue | 5,698 | 5,409 | 5,179 | 5,081 | 5,028 | 5 | 13 | 11,107 | 9,820 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for credit losses | (8) | (7) | (26) | (7) | (17) | N/M | N/M | (15) | 1 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Noninterest expense | 3,439 | 3,400 | 3,360 | 3,236 | 3,206 | 1 | 7 | 6,839 | 6,458 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income before income taxes | 2,267 | 2,016 | 1,845 | 1,852 | 1,839 | 12 | 23 | 4,283 | 3,361 | 27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | 475 | 386 | 376 | 395 | 404 | 23 | 18 | 861 | 704 | 22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income | $ | 1,792 | $ | 1,630 | $ | 1,469 | $ | 1,457 | $ | 1,435 | 10 | % | 25 | % | $ | 3,422 | $ | 2,657 | 29 | % | ||||||||||||||||||||||||||||||||||||||||||
| Net income applicable to common shareholders of The Bank of New York Mellon Corporation | $ | 1,696 | $ | 1,562 | $ | 1,427 | $ | 1,339 | $ | 1,391 | 9 | % | 22 | % | $ | 3,258 | $ | 2,540 | 28 | % | ||||||||||||||||||||||||||||||||||||||||||
| Diluted earnings per common share | $ | 2.45 | $ | 2.24 | $ | 2.02 | $ | 1.88 | $ | 1.93 | 9 | % | 27 | % | $ | 4.68 | $ | 3.51 | 33 | % | ||||||||||||||||||||||||||||||||||||||||||
Average common shares and equivalents outstanding – diluted (in thousands) | 692,223 | 698,164 | 705,140 | 712,854 | 720,007 | (1) | % | (4) | % | 695,514 | 723,826 | (4) | % | |||||||||||||||||||||||||||||||||||||||||||||||||
Financial ratios (Returns are annualized) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pre-tax operating margin | 39.8 | % | 37.3 | % | 35.6 | % | 36.4 | % | 36.6 | % | 38.6 | % | 34.2 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| Return on common equity | 17.2 | % | 16.1 | % | 14.5 | % | 13.7 | % | 14.7 | % | 16.6 | % | 13.7 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Return on tangible common equity – Non-GAAP (a) | 31.3 | % | 29.3 | % | 26.6 | % | 25.6 | % | 27.8 | % | 30.3 | % | 26.0 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| Non-U.S. revenue as a percentage of total revenue | 37 | % | 36 | % | 36 | % | 35 | % | 36 | % | 36 | % | 35 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| Period end | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)(c) | $ | 62.6 | $ | 59.4 | $ | 59.3 | $ | 57.8 | $ | 55.8 | 5 | % | 12 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Assets under management (“AUM”) (in trillions) (b) | $ | 2.2 | $ | 2.1 | $ | 2.2 | $ | 2.1 | $ | 2.1 | 5 | % | 6 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| Full-time employees | 46,500 | 47,200 | 48,100 | 49,200 | 49,900 | (1) | % | (7) | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Book value per common share | $ | 58.82 | $ | 57.48 | $ | 57.36 | $ | 55.99 | $ | 54.76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Tangible book value per common share – Non-GAAP (a) | $ | 32.81 | $ | 31.75 | $ | 31.64 | $ | 30.60 | $ | 29.57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash dividends per common share | $ | 0.53 | $ | 0.53 | $ | 0.53 | $ | 0.53 | $ | 0.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Common dividend payout ratio | 22 | % | 24 | % | 26 | % | 28 | % | 25 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Closing stock price per common share | $ | 144.61 | $ | 118.63 | $ | 116.09 | $ | 108.96 | $ | 91.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market capitalization | $ | 98,118 | $ | 81,425 | $ | 79,897 | $ | 75,983 | $ | 64,254 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Common shares outstanding (in thousands) | 678,504 | 686,379 | 688,236 | 697,349 | 705,241 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital ratios at period end (d) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Common Equity Tier 1 (“CET1”) ratio | 11.0 | % | 11.0 | % | 11.9 | % | 11.7 | % | 11.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tier 1 capital ratio | 13.4 | % | 13.8 | % | 14.6 | % | 14.4 | % | 14.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total capital ratio | 14.2 | % | 14.6 | % | 15.4 | % | 15.3 | % | 15.5 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tier 1 leverage ratio | 5.9 | % | 6.0 | % | 6.0 | % | 6.1 | % | 6.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Supplementary leverage ratio (“SLR”) | 6.3 | % | 6.6 | % | 6.7 | % | 6.7 | % | 6.9 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
(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 19 for the reconciliation of Non-GAAP measures. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) June 30, 2026 information is preliminary. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(c) Includes the AUC/A of CIBC Mellon Trust Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $2.2 trillion at June 30, 2026, $2.1 trillion at March 31, 2026, $2.2 trillion at Dec. 31, 2025, $2.1 trillion at Sept. 30, 2025 and $2.0 trillion at June 30, 2025. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(d) Regulatory capital ratios for June 30, 2026 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 the periods presented, was the Standardized Approach. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| N/M – Not meaningful. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3
| THE BANK OF NEW YORK MELLON CORPORATION | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CONDENSED CONSOLIDATED INCOME STATEMENT | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollars in millions) | 2Q26 vs. | YTD26 vs. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | 1Q26 | 2Q25 | YTD26 | YTD25 | YTD25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment services fees | $ | 2,909 | $ | 2,652 | $ | 2,632 | $ | 2,585 | $ | 2,583 | 10 | % | 13 | % | $ | 5,561 | $ | 4,994 | 11 | % | ||||||||||||||||||||||||||||||||||||||||||
| Investment management and performance fees | 796 | 785 | 806 | 782 | 758 | 1 | 5 | 1,581 | 1,497 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign exchange revenue | 229 | 232 | 171 | 166 | 213 | (1) | 8 | 461 | 369 | 25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financing-related fees | 64 | 62 | 53 | 67 | 51 | 3 | 25 | 126 | 111 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distribution and servicing fees | 38 | 37 | 36 | 37 | 36 | 3 | 6 | 75 | 73 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total fee revenue | 4,036 | 3,768 | 3,698 | 3,637 | 3,641 | 7 | 11 | 7,804 | 7,044 | 11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment and other revenue | 216 | 271 | 135 | 208 | 184 | N/M | N/M | 487 | 414 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total fee and other revenue | 4,252 | 4,039 | 3,833 | 3,845 | 3,825 | 5 | 11 | 8,291 | 7,458 | 11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net interest income | 1,446 | 1,370 | 1,346 | 1,236 | 1,203 | 6 | 20 | 2,816 | 2,362 | 19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total revenue | 5,698 | 5,409 | 5,179 | 5,081 | 5,028 | 5 | 13 | 11,107 | 9,820 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for credit losses | (8) | (7) | (26) | (7) | (17) | N/M | N/M | (15) | 1 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Noninterest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Staff | 1,785 | 1,888 | 1,812 | 1,745 | 1,768 | (5) | 1 | 3,673 | 3,602 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Software and equipment | 569 | 556 | 565 | 542 | 527 | 2 | 8 | 1,125 | 1,040 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Professional, legal and other purchased services | 441 | 388 | 429 | 404 | 388 | 14 | 14 | 829 | 754 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Sub-custodian and clearing | 162 | 151 | 139 | 141 | 150 | 7 | 8 | 313 | 281 | 11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net occupancy | 143 | 123 | 143 | 140 | 132 | 16 | 8 | 266 | 268 | (1) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distribution and servicing | 76 | 73 | 73 | 68 | 63 | 4 | 21 | 149 | 128 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business development | 68 | 50 | 71 | 45 | 53 | 36 | 28 | 118 | 101 | 17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bank assessment charges | 32 | 24 | (22) | 6 | 22 | N/M | N/M | 56 | 60 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Amortization of intangible assets | 10 | 9 | 11 | 12 | 11 | 11 | (9) | 19 | 22 | (14) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other | 153 | 138 | 139 | 133 | 92 | 11 | 66 | 291 | 202 | 44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total noninterest expense | 3,439 | 3,400 | 3,360 | 3,236 | 3,206 | 1 | 7 | 6,839 | 6,458 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income before income taxes | 2,267 | 2,016 | 1,845 | 1,852 | 1,839 | 12 | 23 | 4,283 | 3,361 | 27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for income taxes | 475 | 386 | 376 | 395 | 404 | 23 | 18 | 861 | 704 | 22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income | 1,792 | 1,630 | 1,469 | 1,457 | 1,435 | 10 | 25 | 3,422 | 2,657 | 29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net (income) loss attributable to noncontrolling interests | (31) | 2 | (8) | (12) | (12) | N/M | N/M | (29) | (14) | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Preferred stock dividends | (65) | (70) | (34) | (106) | (32) | N/M | N/M | (135) | (103) | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income applicable to common shareholders of The Bank of New York Mellon Corporation | $ | 1,696 | $ | 1,562 | $ | 1,427 | $ | 1,339 | $ | 1,391 | 9 | % | 22 | % | $ | 3,258 | $ | 2,540 | 28 | % | ||||||||||||||||||||||||||||||||||||||||||
| N/M – Not meaningful. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4
| THE BANK OF NEW YORK MELLON CORPORATION | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EARNINGS PER SHARE AND RELATED INFORMATION | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollars in millions, except common share amounts, or unless otherwise noted) | 2Q26 vs. | YTD26 vs. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | 1Q26 | 2Q25 | YTD26 | YTD25 | YTD25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Basic earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income applicable to common shareholders of The Bank of New York Mellon Corporation | $ | 1,696 | $ | 1,562 | $ | 1,427 | $ | 1,339 | $ | 1,391 | 9 | % | 22 | % | $ | 3,258 | $ | 2,540 | 28 | % | ||||||||||||||||||||||||||||||||||||||||||
| Average basic common shares outstanding | 686,125 | 691,178 | 697,540 | 705,873 | 714,799 | (1) | % | (4) | % | 688,759 | 718,039 | (4) | % | |||||||||||||||||||||||||||||||||||||||||||||||||
| Basic earnings per share | $ | 2.47 | $ | 2.26 | $ | 2.04 | $ | 1.90 | $ | 1.95 | 9 | % | 27 | % | $ | 4.73 | $ | 3.54 | 34 | % | ||||||||||||||||||||||||||||||||||||||||||
| Diluted earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income applicable to common shareholders of The Bank of New York Mellon Corporation | $ | 1,696 | $ | 1,562 | $ | 1,427 | $ | 1,339 | $ | 1,391 | 9 | % | 22 | % | $ | 3,258 | $ | 2,540 | 28 | % | ||||||||||||||||||||||||||||||||||||||||||
| Average basic common shares outstanding | 686,125 | 691,178 | 697,540 | 705,873 | 714,799 | (1) | % | (4) | % | 688,759 | 718,039 | (4) | % | |||||||||||||||||||||||||||||||||||||||||||||||||
| Add: Dilutive impact of unvested performance share units and restricted stock units | 6,098 | 6,986 | 7,600 | 6,981 | 5,208 | (13) | % | 17 | % | 6,755 | 5,787 | 17 | % | |||||||||||||||||||||||||||||||||||||||||||||||||
| Average diluted common shares and equivalents outstanding | 692,223 | 698,164 | 705,140 | 712,854 | 720,007 | (1) | % | (4) | % | 695,514 | 723,826 | (4) | % | |||||||||||||||||||||||||||||||||||||||||||||||||
| Diluted earnings per share | $ | 2.45 | $ | 2.24 | $ | 2.02 | $ | 1.88 | $ | 1.93 | 9 | % | 27 | % | $ | 4.68 | $ | 3.51 | 33 | % | ||||||||||||||||||||||||||||||||||||||||||
| Common dividends | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash dividends per common share | $ | 0.53 | $ | 0.53 | $ | 0.53 | $ | 0.53 | $ | 0.47 | — | % | 13 | % | $ | 1.06 | $ | 0.94 | 13 | % | ||||||||||||||||||||||||||||||||||||||||||
Total common stock dividends (a) | $ | 371 | $ | 376 | $ | 377 | $ | 381 | $ | 346 | (1) | % | 7 | % | $ | 747 | $ | 689 | 8 | % | ||||||||||||||||||||||||||||||||||||||||||
Common dividend payout ratio (b) | 22 | % | 24 | % | 26 | % | 28 | % | 25 | % | 23 | % | 27 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Common share repurchases (c) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total common shares repurchased (in thousands) | 8,016 | 8,257 | 9,450 | 8,276 | 10,387 | (3) | % | (23) | % | 16,273 | 19,051 | (15) | % | |||||||||||||||||||||||||||||||||||||||||||||||||
| Average price paid per share of common stock | $ | 137.62 | $ | 119.06 | $ | 110.54 | $ | 102.53 | $ | 86.21 | 16 | % | 60 | % | $ | 128.20 | $ | 86.17 | 49 | % | ||||||||||||||||||||||||||||||||||||||||||
Total common share repurchases (in millions) | $ | 1,103 | $ | 983 | $ | 1,045 | $ | 849 | $ | 895 | 12 | % | 23 | % | 2,086 | 1,641 | 27 | % | ||||||||||||||||||||||||||||||||||||||||||||
Total capital returned to common shareholders (in millions) | $ | 1,474 | $ | 1,359 | $ | 1,422 | $ | 1,230 | $ | 1,241 | 8 | % | 19 | % | $ | 2,833 | $ | 2,330 | 22 | % | ||||||||||||||||||||||||||||||||||||||||||
Total payout ratio (b) | 87 | % | 87 | % | 100 | % | 92 | % | 89 | % | 87 | % | 92 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| Employee issuance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued related to employee stock-based compensation awards and employee benefit plans (in thousands) | 141 | 6,400 | 337 | 384 | 193 | N/M | N/M | 6,541 | 6,612 | (1) | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
| (a) Includes dividend equivalents on share-based awards. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (b) The common dividend payout ratio is based on total common stock dividends. The total payout ratio is based on the total capital returned to common shareholders, which includes total common stock dividends and common shares repurchased. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (c) Includes shares repurchased in the open market and shares repurchased in connection with employee benefit plans. In April 2024, we announced a share repurchase authorization providing for the repurchase of $6.0 billion of common shares. In April 2026, we announced a new share repurchase authorization providing for the repurchase of $10.0 billion of common shares in addition to any remaining capacity under the existing April 2024 authorization. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| N/M - Not meaningful. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5
| THE BANK OF NEW YORK MELLON CORPORATION | | |||||||||||||||||||||||||||||||
| CONDENSED CONSOLIDATED BALANCE SHEET | ||||||||||||||||||||||||||||||||
| 2026 | 2025 | |||||||||||||||||||||||||||||||
| (dollars in millions) | June 30 | March 31 (a) | Dec. 31 | Sept. 30 | June 30 | |||||||||||||||||||||||||||
| Assets | ||||||||||||||||||||||||||||||||
| Cash and due from banks | $ | 7,483 | $ | 6,390 | $ | 5,111 | $ | 5,055 | $ | 5,699 | ||||||||||||||||||||||
| Interest-bearing deposits with the Federal Reserve and other central banks | 139,400 | 170,202 | 116,009 | 106,368 | 135,602 | |||||||||||||||||||||||||||
| Interest-bearing deposits with banks | 12,276 | 13,544 | 10,397 | 11,027 | 12,069 | |||||||||||||||||||||||||||
| Federal funds sold and securities purchased under resale agreements | 48,937 | 43,660 | 44,892 | 41,863 | 45,547 | |||||||||||||||||||||||||||
| Investment securities | 155,656 | 155,615 | 150,200 | 149,528 | 147,068 | |||||||||||||||||||||||||||
| Trading assets | 16,836 | 16,488 | 14,276 | 13,625 | 12,610 | |||||||||||||||||||||||||||
| Loans | 88,741 | 101,261 | 80,615 | 75,195 | 73,096 | |||||||||||||||||||||||||||
| Allowance for loan losses | (222) | (237) | (245) | (272) | (275) | |||||||||||||||||||||||||||
Net loans | 88,519 | 101,024 | 80,370 | 74,923 | 72,821 | |||||||||||||||||||||||||||
| Premises and equipment | 3,910 | 3,796 | 3,581 | 3,549 | 3,289 | |||||||||||||||||||||||||||
| Accrued interest receivable | 1,473 | 1,402 | 1,435 | 1,426 | 1,348 | |||||||||||||||||||||||||||
| Goodwill | 16,731 | 16,734 | 16,767 | 16,773 | 16,823 | |||||||||||||||||||||||||||
| Intangible assets | 2,800 | 2,809 | 2,822 | 2,834 | 2,849 | |||||||||||||||||||||||||||
| Other assets | 30,998 | 29,853 | 26,440 | 28,341 | 30,056 | |||||||||||||||||||||||||||
Total assets | $ | 525,019 | $ | 561,517 | $ | 472,300 | $ | 455,312 | $ | 485,781 | ||||||||||||||||||||||
| Liabilities | ||||||||||||||||||||||||||||||||
| Deposits | $ | 370,541 | $ | 417,080 | $ | 331,894 | $ | 314,697 | $ | 346,393 | ||||||||||||||||||||||
| Federal funds purchased and securities sold under repurchase agreements | 26,114 | 19,506 | 18,992 | 16,585 | 15,492 | |||||||||||||||||||||||||||
| Trading liabilities | 5,299 | 4,747 | 6,135 | 3,499 | 6,134 | |||||||||||||||||||||||||||
| Payables to customers and broker-dealers | 25,734 | 24,754 | 21,872 | 23,638 | 21,273 | |||||||||||||||||||||||||||
| Commercial paper | 4,816 | 1,002 | 2,003 | 2,364 | 2,361 | |||||||||||||||||||||||||||
| Other borrowed funds | 401 | 175 | 422 | 283 | 293 | |||||||||||||||||||||||||||
| Accrued taxes and other expenses | 4,906 | 4,449 | 5,544 | 4,920 | 4,634 | |||||||||||||||||||||||||||
| Other liabilities | 11,492 | 11,903 | 8,757 | 12,678 | 11,233 | |||||||||||||||||||||||||||
| Long-term debt | 30,368 | 32,582 | 31,873 | 32,287 | 33,429 | |||||||||||||||||||||||||||
Total liabilities | 479,671 | 516,198 | 427,492 | 410,951 | 441,242 | |||||||||||||||||||||||||||
| Temporary equity | ||||||||||||||||||||||||||||||||
| Redeemable noncontrolling interests | 84 | 81 | 87 | 111 | 111 | |||||||||||||||||||||||||||
| Permanent equity | ||||||||||||||||||||||||||||||||
| Preferred stock | 4,754 | 5,331 | 4,836 | 4,836 | 5,331 | |||||||||||||||||||||||||||
| Common stock | 14 | 14 | 14 | 14 | 14 | |||||||||||||||||||||||||||
| Additional paid-in capital | 30,348 | 30,142 | 29,907 | 29,795 | 29,659 | |||||||||||||||||||||||||||
| Retained earnings | 48,907 | 47,582 | 46,396 | 45,346 | 44,388 | |||||||||||||||||||||||||||
| Accumulated other comprehensive loss, net of tax | (3,455) | (3,496) | (3,035) | (3,362) | (3,549) | |||||||||||||||||||||||||||
Less: Treasury stock, at cost | (35,904) | (34,790) | (33,805) | (32,750) | (31,893) | |||||||||||||||||||||||||||
| Total The Bank of New York Mellon Corporation shareholders’ equity | 44,664 | 44,783 | 44,313 | 43,879 | 43,950 | |||||||||||||||||||||||||||
Nonredeemable noncontrolling interests of consolidated investment management funds | 600 | 455 | 408 | 371 | 478 | |||||||||||||||||||||||||||
Total permanent equity | 45,264 | 45,238 | 44,721 | 44,250 | 44,428 | |||||||||||||||||||||||||||
Total liabilities, temporary equity and permanent equity | $ | 525,019 | $ | 561,517 | $ | 472,300 | $ | 455,312 | $ | 485,781 | ||||||||||||||||||||||
| (a) The spot balance sheet on March 31, 2026, was temporarily elevated reflecting a single-day increase in deposits, interest-bearing deposits with the Federal Reserve and other central banks and overnight loans as a result of delayed processing of certain payments. | ||||||||||||||||||||||||||||||||
6
| THE BANK OF NEW YORK MELLON CORPORATION | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FEE AND OTHER REVENUE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2Q26 vs. | YTD26 vs. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollars in millions) | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | 1Q26 | 2Q25 | YTD26 | YTD25 | YTD25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment services fees | $ | 2,909 | $ | 2,652 | $ | 2,632 | $ | 2,585 | $ | 2,583 | 10 | % | 13 | % | $ | 5,561 | $ | 4,994 | 11 | % | ||||||||||||||||||||||||||||||||||||||||||
| Investment management and performance fees: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment management fees (a) | 793 | 784 | 792 | 776 | 748 | 1 | 6 | 1,577 | 1,482 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Performance fees | 3 | 1 | 14 | 6 | 10 | N/M | N/M | 4 | 15 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total investment management and performance fees (b) | 796 | 785 | 806 | 782 | 758 | 1 | 5 | 1,581 | 1,497 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign exchange revenue | 229 | 232 | 171 | 166 | 213 | (1) | 8 | 461 | 369 | 25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financing-related fees | 64 | 62 | 53 | 67 | 51 | 3 | 25 | 126 | 111 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distribution and servicing fees | 38 | 37 | 36 | 37 | 36 | 3 | 6 | 75 | 73 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total fee revenue | 4,036 | 3,768 | 3,698 | 3,637 | 3,641 | 7 | 11 | 7,804 | 7,044 | 11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment and other revenue: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income (loss) from consolidated investment management funds | 60 | (6) | 19 | 23 | 35 | N/M | N/M | 54 | 41 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Seed capital gains (losses) (c) | 12 | (3) | 4 | 8 | 8 | N/M | N/M | 9 | 2 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other trading revenue | 59 | 94 | 76 | 73 | 59 | N/M | N/M | 153 | 130 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Renewable energy investment gains | 11 | 44 | 6 | 19 | 15 | N/M | N/M | 55 | 30 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Corporate/bank-owned life insurance | 43 | 48 | 51 | 41 | 35 | N/M | N/M | 91 | 73 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other investments gains (losses) (d) | 19 | 108 | (43) | 7 | 26 | N/M | N/M | 127 | 50 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disposal gains (losses) | — | — | — | 12 | — | N/M | N/M | — | 40 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Expense reimbursements from joint venture | 31 | 32 | 35 | 36 | 34 | N/M | N/M | 63 | 65 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other income | 6 | 4 | 2 | 19 | 7 | N/M | N/M | 10 | 18 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net investment securities gains (losses) | (25) | (50) | (15) | (30) | (35) | N/M | N/M | (75) | (35) | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total investment and other revenue | 216 | 271 | 135 | 208 | 184 | N/M | N/M | 487 | 414 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total fee and other revenue | $ | 4,252 | $ | 4,039 | $ | 3,833 | $ | 3,845 | $ | 3,825 | 5 | % | 11 | % | $ | 8,291 | $ | 7,458 | 11 | % | ||||||||||||||||||||||||||||||||||||||||||
(a) Excludes seed capital gains (losses) related to consolidated investment management funds. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) On a constant currency basis, investment management and performance fees increased 5% (Non-GAAP) compared with 2Q25. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 19 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7
| THE BANK OF NEW YORK MELLON CORPORATION | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AVERAGE BALANCES AND INTEREST RATES | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average balance | 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 | $ | 89,954 | 3.17 | % | $ | 97,886 | 3.19 | % | $ | 97,489 | 3.38 | % | $ | 94,533 | 3.69 | % | $ | 99,426 | 3.73 | % | ||||||||||||||||||||||||||||||||||||||||||
| Interest-bearing deposits with banks | 12,657 | 2.49 | 12,049 | 2.30 | 11,440 | 2.53 | 10,980 | 2.97 | 11,199 | 3.10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Federal funds sold and securities purchased under resale agreements | 45,056 | 23.13 | (a) | 42,848 | 24.29 | (a) | 43,363 | 26.99 | (a) | 40,885 | 30.66 | (a) | 39,522 | 32.23 | (a) | |||||||||||||||||||||||||||||||||||||||||||||||
| Investment securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| U.S. government obligations | 36,407 | 3.59 | 34,521 | 3.50 | 33,726 | 3.49 | 31,754 | 3.59 | 29,279 | 3.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| U.S. government agency obligations | 65,096 | 3.43 | 63,975 | 3.29 | 61,578 | 3.29 | 61,174 | 3.40 | 62,874 | 3.36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other securities | 54,853 | 3.50 | 55,405 | 3.45 | 55,119 | 3.54 | 54,986 | 3.61 | 54,610 | 3.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total investment securities | 156,356 | 3.49 | 153,901 | 3.39 | 150,423 | 3.43 | 147,914 | 3.52 | 146,763 | 3.49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Trading securities (b) | 8,025 | 4.51 | 8,568 | 4.26 | 7,896 | 4.82 | 7,489 | 5.02 | 7,367 | 4.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans | 85,587 | 5.10 | 81,058 | 5.09 | 76,678 | 5.46 | 72,692 | 5.80 | 71,265 | 5.81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total interest-earning assets (b) | $ | 397,635 | 5.98 | % | $ | 396,310 | 5.94 | % | $ | 387,289 | 6.46 | % | $ | 374,493 | 6.98 | % | $ | 375,542 | 7.03 | % | ||||||||||||||||||||||||||||||||||||||||||
| Noninterest-earning assets | 67,135 | 65,618 | 63,924 | 62,998 | 63,066 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total assets | $ | 464,770 | $ | 461,928 | $ | 451,213 | $ | 437,491 | $ | 438,608 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest-bearing liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest-bearing deposits | $ | 259,221 | 2.33 | % | $ | 263,497 | 2.39 | % | $ | 258,640 | 2.58 | % | $ | 248,016 | 2.90 | % | $ | 250,688 | 2.95 | % | ||||||||||||||||||||||||||||||||||||||||||
| Federal funds purchased and securities sold under repurchase agreements | 28,629 | 33.52 | (a) | 19,457 | 47.90 | (a) | 18,105 | 57.66 | (a) | 16,242 | 69.11 | (a) | 17,485 | 65.95 | (a) | |||||||||||||||||||||||||||||||||||||||||||||||
| Trading liabilities | 2,271 | 4.47 | 2,565 | 4.17 | 2,839 | 4.03 | 3,333 | 4.40 | 2,821 | 4.94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Payables to customers and broker-dealers | 17,957 | 3.72 | 17,636 | 3.47 | 16,764 | 4.02 | 16,434 | 4.34 | 15,494 | 4.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commercial paper | 1,772 | 4.13 | 1,945 | 3.97 | 2,310 | 4.32 | 3,268 | 4.63 | 2,511 | 4.56 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other borrowed funds | 415 | 4.24 | 325 | 5.01 | 339 | 4.57 | 243 | 4.63 | 432 | 5.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Long-term debt | 31,029 | 4.88 | 32,542 | 4.93 | 32,135 | 5.09 | 32,503 | 5.53 | 31,805 | 5.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total interest-bearing liabilities | $ | 341,294 | 5.28 | % | $ | 337,967 | 5.34 | % | $ | 331,132 | 5.94 | % | $ | 320,039 | 6.64 | % | $ | 321,236 | 6.74 | % | ||||||||||||||||||||||||||||||||||||||||||
| Total noninterest-bearing deposits | 54,815 | 54,949 | 51,842 | 51,310 | 49,610 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other noninterest-bearing liabilities | 23,330 | 24,116 | 23,858 | 21,674 | 24,073 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total The Bank of New York Mellon Corporation shareholders’ equity | 44,809 | 44,432 | 43,978 | 43,974 | 43,223 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Noncontrolling interests | 522 | 464 | 403 | 494 | 466 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total liabilities and equity | $ | 464,770 | $ | 461,928 | $ | 451,213 | $ | 437,491 | $ | 438,608 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net interest margin | 1.45 | % | 1.38 | % | 1.38 | % | 1.31 | % | 1.27 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net interest margin (FTE) – Non-GAAP (c) | 1.45 | % | 1.38 | % | 1.38 | % | 1.31 | % | 1.27 | % | ||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $234 billion for 2Q26, $233 billion for 1Q26, $242 billion for 4Q25, $241 billion for 3Q25 and $247 billion for 2Q25. 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 3.74% for 2Q26, 3.78% for 1Q26, 4.11% for 4Q25, 4.45% for 3Q25 and 4.45% for 2Q25. 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 3.66% for 2Q26, 3.70% for 1Q26, 4.02% for 4Q25, 4.36% for 3Q25 and 4.36% for 2Q25. 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 19 for the reconciliation of this Non-GAAP measure. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8
| THE BANK OF NEW YORK MELLON CORPORATION | | |||||||||||||||||||||||||||||||
| CAPITAL AND LIQUIDITY | ||||||||||||||||||||||||||||||||
| 2026 | 2025 | |||||||||||||||||||||||||||||||
| (dollars in millions) | June 30 | March 31 | Dec. 31 | Sept. 30 | June 30 | |||||||||||||||||||||||||||
Consolidated regulatory capital ratios: (a) | ||||||||||||||||||||||||||||||||
| Standardized Approach: | ||||||||||||||||||||||||||||||||
| CET1 capital | $ | 21,555 | $ | 21,108 | $ | 21,086 | $ | 20,645 | $ | 20,149 | ||||||||||||||||||||||
| Tier 1 capital | 26,302 | 26,435 | 25,909 | 25,471 | 25,472 | |||||||||||||||||||||||||||
| Total capital | 27,783 | 27,927 | 27,390 | 27,079 | 27,243 | |||||||||||||||||||||||||||
| Risk-weighted assets | 196,332 | 191,849 | 177,677 | 176,432 | 175,668 | |||||||||||||||||||||||||||
| CET1 ratio | 11.0 | % | 11.0 | % | 11.9 | % | 11.7 | % | 11.5 | % | ||||||||||||||||||||||
| Tier 1 capital ratio | 13.4 | 13.8 | 14.6 | 14.4 | 14.5 | |||||||||||||||||||||||||||
| Total capital ratio | 14.2 | 14.6 | 15.4 | 15.3 | 15.5 | |||||||||||||||||||||||||||
| Advanced Approaches: | ||||||||||||||||||||||||||||||||
| CET1 capital | $ | 21,555 | $ | 21,108 | $ | 21,086 | $ | 20,645 | $ | 20,149 | ||||||||||||||||||||||
| Tier 1 capital | 26,302 | 26,435 | 25,909 | 25,471 | 25,472 | |||||||||||||||||||||||||||
| Total capital | 27,444 | 27,580 | 27,046 | 26,734 | 26,897 | |||||||||||||||||||||||||||
| Risk-weighted assets | 174,825 | 166,468 | 162,418 | 168,841 | 168,748 | |||||||||||||||||||||||||||
| CET1 ratio | 12.3 | % | 12.7 | % | 13.0 | % | 12.2 | % | 11.9 | % | ||||||||||||||||||||||
| Tier 1 capital ratio | 15.0 | 15.9 | 16.0 | 15.1 | 15.1 | |||||||||||||||||||||||||||
| Total capital ratio | 15.7 | 16.6 | 16.7 | 15.8 | 15.9 | |||||||||||||||||||||||||||
Tier 1 leverage ratio: (a) | ||||||||||||||||||||||||||||||||
| Average assets for Tier 1 leverage ratio | $ | 446,389 | $ | 443,556 | $ | 432,803 | $ | 419,077 | $ | 420,131 | ||||||||||||||||||||||
| Tier 1 leverage ratio | 5.9 | % | 6.0 | % | 6.0 | % | 6.1 | % | 6.1 | % | ||||||||||||||||||||||
SLR: (a) | ||||||||||||||||||||||||||||||||
| Leverage exposure | $ | 416,566 | $ | 402,251 | $ | 388,529 | $ | 377,728 | $ | 369,838 | ||||||||||||||||||||||
| SLR | 6.3 | % | 6.6 | % | 6.7 | % | 6.7 | % | 6.9 | % | ||||||||||||||||||||||
Average liquidity coverage ratio (a) | 111 | % | 111 | % | 112 | % | 112 | % | 112 | % | ||||||||||||||||||||||
Average net stable funding ratio (a) | 130 | % | 131 | % | 130 | % | 130 | % | 131 | % | ||||||||||||||||||||||
(a) Regulatory capital and liquidity ratios for June 30, 2026 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 the periods presented, was the Standardized Approach. | ||||||||||||||||||||||||||||||||
9
| THE BANK OF NEW YORK MELLON CORPORATION | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SECURITIES SERVICES BUSINESS SEGMENT | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2Q26 vs. | YTD26 vs. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollars in millions) | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | 1Q26 | 2Q25 | YTD26 | YTD25 | YTD25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment services fees: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Asset Servicing | $ | 1,209 | $ | 1,170 | $ | 1,146 | $ | 1,129 | $ | 1,082 | 3 | % | 12 | % | $ | 2,379 | $ | 2,132 | 12 | % | ||||||||||||||||||||||||||||||||||||||||||
| Issuer Services | 463 | 278 | 331 | 313 | 376 | 67 | 23 | 741 | 643 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total investment services fees | 1,672 | 1,448 | 1,477 | 1,442 | 1,458 | 15 | 15 | 3,120 | 2,775 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign exchange revenue | 203 | 196 | 142 | 143 | 175 | 4 | 16 | 399 | 311 | 28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other fees (a) | 77 | 74 | 68 | 73 | 60 | 4 | 28 | 151 | 125 | 21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total fee revenue | 1,952 | 1,718 | 1,687 | 1,658 | 1,693 | 14 | 15 | 3,670 | 3,211 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment and other revenue | 94 | 203 | 62 | 119 | 94 | N/M | N/M | 297 | 234 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total fee and other revenue | 2,046 | 1,921 | 1,749 | 1,777 | 1,787 | 7 | 14 | 3,967 | 3,445 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net interest income | 782 | 757 | 735 | 670 | 675 | 3 | 16 | 1,539 | 1,305 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total revenue | 2,828 | 2,678 | 2,484 | 2,447 | 2,462 | 6 | 15 | 5,506 | 4,750 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for credit losses | (5) | (11) | (13) | (3) | (13) | N/M | N/M | (16) | (5) | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total noninterest expense | 1,722 | 1,648 | 1,651 | 1,639 | 1,605 | 4 | 7 | 3,370 | 3,174 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income before income taxes | $ | 1,111 | $ | 1,041 | $ | 846 | $ | 811 | $ | 870 | 7 | % | 28 | % | $ | 2,152 | $ | 1,581 | 36 | % | ||||||||||||||||||||||||||||||||||||||||||
| Total revenue by line of business: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Asset Servicing | $ | 2,121 | $ | 2,170 | $ | 1,932 | $ | 1,903 | $ | 1,858 | (2) | % | 14 | % | $ | 4,291 | $ | 3,632 | 18 | % | ||||||||||||||||||||||||||||||||||||||||||
| Issuer Services | 707 | 508 | 552 | 544 | 604 | 39 | 17 | 1,215 | 1,118 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total revenue by line of business | $ | 2,828 | $ | 2,678 | $ | 2,484 | $ | 2,447 | $ | 2,462 | 6 | % | 15 | % | $ | 5,506 | $ | 4,750 | 16 | % | ||||||||||||||||||||||||||||||||||||||||||
| Financial ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pre-tax operating margin | 39.3 | % | 38.9 | % | 34.1 | % | 33.1 | % | 35.3 | % | 39.1 | % | 33.3 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Memo: Securities lending revenue (b) | $ | 78 | $ | 72 | $ | 69 | $ | 62 | $ | 56 | 8 | % | 39 | % | $ | 150 | $ | 108 | 39 | % | ||||||||||||||||||||||||||||||||||||||||||
| (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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10
| THE BANK OF NEW YORK MELLON CORPORATION | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SECURITIES SERVICES BUSINESS SEGMENT | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2Q26 vs. | YTD26 vs. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollars in millions, unless otherwise noted) | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | 1Q26 | 2Q25 | YTD26 | YTD25 | YTD25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Selected balance sheet data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average loans | $ | 13,180 | $ | 12,265 | $ | 11,439 | $ | 10,706 | $ | 11,327 | 7 | % | 16 | % | $ | 12,725 | $ | 11,337 | 12 | % | ||||||||||||||||||||||||||||||||||||||||||
Average assets (a) | $ | 214,794 | $ | 218,500 | $ | 211,728 | $ | 201,965 | $ | 206,064 | (2) | % | 4 | % | $ | 216,637 | $ | 200,273 | 8 | % | ||||||||||||||||||||||||||||||||||||||||||
| Average deposits | $ | 194,183 | $ | 197,789 | $ | 192,771 | $ | 183,070 | $ | 185,823 | (2) | % | 4 | % | $ | 195,976 | $ | 180,865 | 8 | % | ||||||||||||||||||||||||||||||||||||||||||
| Selected metrics: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AUC/A at period end (in trillions) (b)(c) | $ | 45.3 | $ | 42.7 | $ | 42.7 | $ | 41.5 | $ | 39.9 | 6 | % | 14 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Market value of securities on loan at period end (in billions) (d) | $ | 645 | $ | 629 | $ | 604 | $ | 554 | $ | 516 | 3 | % | 25 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| Issuer Services | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total debt serviced at period end (in trillions) | $ | 15.2 | $ | 15.0 | $ | 14.8 | $ | 14.5 | $ | 14.3 | 1 | % | 6 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| Number of Depositary Receipts programs at period end | 1,655 | 1,632 | 1,614 | 1,601 | 1,568 | 1 | % | 6 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(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, 2026 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 $2.2 trillion at June 30, 2026, $2.1 trillion at March 31, 2026, $2.2 trillion at Dec. 31, 2025, $2.1 trillion at Sept. 30, 2025 and $2.0 trillion at June 30, 2025. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(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 $71 billion at June 30, 2026, $73 billion at March 31, 2026, $74 billion at Dec. 31, 2025, $81 billion at Sept. 30, 2025 and $68 billion at June 30, 2025. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11
| THE BANK OF NEW YORK MELLON CORPORATION | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MARKET AND WEALTH SERVICES BUSINESS SEGMENT | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2Q26 vs. | YTD26 vs. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollars in millions) | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | 1Q26 | 2Q25 | YTD26 | YTD25 | YTD25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment services fees: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wealth Solutions | $ | 551 | $ | 544 | $ | 518 | $ | 520 | $ | 525 | 1 | % | 5 | % | $ | 1,095 | $ | 1,040 | 5 | % | ||||||||||||||||||||||||||||||||||||||||||
| Payments and Trade | 224 | 220 | 212 | 214 | 209 | 2 | 7 | 444 | 418 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Clearance and Collateral Management | 453 | 430 | 417 | 398 | 385 | 5 | 18 | 883 | 747 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total investment services fees | 1,228 | 1,194 | 1,147 | 1,132 | 1,119 | 3 | 10 | 2,422 | 2,205 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign exchange revenue | 34 | 36 | 28 | 31 | 30 | (6) | 13 | 70 | 59 | 19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other fees (a) | 71 | 70 | 65 | 70 | 63 | 1 | 13 | 141 | 128 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total fee revenue | 1,333 | 1,300 | 1,240 | 1,233 | 1,212 | 3 | 10 | 2,633 | 2,392 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment and other revenue | 26 | 21 | 9 | 22 | 36 | N/M | N/M | 47 | 57 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total fee and other revenue | 1,359 | 1,321 | 1,249 | 1,255 | 1,248 | 3 | 9 | 2,680 | 2,449 | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net interest income | 611 | 571 | 569 | 524 | 506 | 7 | 21 | 1,182 | 1,003 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total revenue | 1,970 | 1,892 | 1,818 | 1,779 | 1,754 | 4 | 12 | 3,862 | 3,452 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for credit losses | (2) | (6) | (7) | (3) | (6) | N/M | N/M | (8) | (2) | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total noninterest expense | 948 | 937 | 951 | 912 | 912 | 1 | 4 | 1,885 | 1,793 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income before income taxes | $ | 1,024 | $ | 961 | $ | 874 | $ | 870 | $ | 848 | 7 | % | 21 | % | $ | 1,985 | $ | 1,661 | 20 | % | ||||||||||||||||||||||||||||||||||||||||||
| Total revenue by line of business: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wealth Solutions | $ | 806 | $ | 783 | $ | 754 | $ | 741 | $ | 751 | 3 | % | 7 | % | $ | 1,589 | $ | 1,482 | 7 | % | ||||||||||||||||||||||||||||||||||||||||||
| Payments and Trade | 571 | 545 | 524 | 510 | 490 | 5 | 17 | 1,116 | 967 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Clearance and Collateral Management | 593 | 564 | 540 | 528 | 513 | 5 | 16 | 1,157 | 1,003 | 15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total revenue by line of business | $ | 1,970 | $ | 1,892 | $ | 1,818 | $ | 1,779 | $ | 1,754 | 4 | % | 12 | % | $ | 3,862 | $ | 3,452 | 12 | % | ||||||||||||||||||||||||||||||||||||||||||
| Financial ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pre-tax operating margin | 52.0 | % | 50.8 | % | 48.1 | % | 48.9 | % | 48.4 | % | 51.4 | % | 48.1 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| (a) Other fees primarily include financing-related fees. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| N/M – Not meaningful. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12
| THE BANK OF NEW YORK MELLON CORPORATION | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| MARKET AND WEALTH SERVICES BUSINESS SEGMENT | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2Q26 vs. | YTD26 vs. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollars in millions, unless otherwise noted) | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | 1Q26 | 2Q25 | YTD26 | YTD25 | YTD25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Selected balance sheet data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average loans | $ | 56,258 | $ | 52,921 | $ | 49,613 | $ | 46,278 | $ | 44,262 | 6 | % | 27 | % | $ | 54,599 | $ | 43,627 | 25 | % | ||||||||||||||||||||||||||||||||||||||||||
Average assets (a) | $ | 148,791 | $ | 147,689 | $ | 145,105 | $ | 137,592 | $ | 135,607 | 1 | % | 10 | % | $ | 148,243 | $ | 132,684 | 12 | % | ||||||||||||||||||||||||||||||||||||||||||
| Average deposits | $ | 102,606 | $ | 103,043 | $ | 101,776 | $ | 97,508 | $ | 96,574 | — | % | 6 | % | $ | 102,823 | $ | 94,253 | 9 | % | ||||||||||||||||||||||||||||||||||||||||||
| Selected metrics: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AUC/A at period end (in trillions) (b)(c) | $ | 16.9 | $ | 16.5 | $ | 16.2 | $ | 16.0 | $ | 15.6 | 2 | % | 8 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| Wealth Solutions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AUC/A at period end (in trillions) (b) | $ | 3.6 | $ | 3.3 | $ | 3.3 | $ | 3.2 | $ | 3.0 | 9 | % | 20 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
Net new assets (U.S. platform) (in billions) (d) | $ | 25 | $ | 22 | $ | 51 | $ | 3 | $ | (10) | N/M | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||
Daily average revenue trades (“DARTs”) (U.S. platform) (in thousands) | 391 | 352 | 285 | 269 | 334 | 11 | % | 17 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Average active clearing accounts (in thousands) | 8,730 | 8,601 | 8,487 | 8,387 | 8,405 | 1 | % | 4 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Payments and Trade | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average daily U.S. dollar payment volumes | 260,275 | 257,960 | 258,080 | 246,286 | 246,250 | 1 | % | 6 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Clearance and Collateral Management | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average collateral balances (in billions) | $ | 8,199 | $ | 7,783 | $ | 7,453 | $ | 7,275 | $ | 7,061 | 5 | % | 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, 2026 information is preliminary. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(c) Consists of AUC/A from the Clearance and Collateral Management and Wealth Solutions 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
13
| THE BANK OF NEW YORK MELLON CORPORATION | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2Q26 vs. | YTD26 vs. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollars in millions) | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | 1Q26 | 2Q25 | YTD26 | YTD25 | YTD25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment management fees | $ | 793 | $ | 785 | $ | 793 | $ | 776 | $ | 748 | 1 | % | 6 | % | $ | 1,578 | $ | 1,483 | 6 | % | ||||||||||||||||||||||||||||||||||||||||||
| Performance fees | 3 | 1 | 14 | 6 | 10 | N/M | N/M | 4 | 15 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment management and performance fees (a) | 796 | 786 | 807 | 782 | 758 | 1 | 5 | 1,582 | 1,498 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distribution and servicing fees | 71 | 70 | 69 | 69 | 69 | 1 | 3 | 141 | 137 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other fees (b) | (87) | (83) | (84) | (78) | (76) | N/M | N/M | (170) | (151) | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total fee revenue | 780 | 773 | 792 | 773 | 751 | 1 | 4 | 1,553 | 1,484 | 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment and other revenue (c) | 29 | (1) | 11 | 10 | 9 | N/M | N/M | 28 | 14 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Total fee and other revenue (c) | 809 | 772 | 803 | 783 | 760 | 5 | 6 | 1,581 | 1,498 | 6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net interest income | 54 | 53 | 51 | 41 | 41 | 2 | 32 | 107 | 82 | 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total revenue | 863 | 825 | 854 | 824 | 801 | 5 | 8 | 1,688 | 1,580 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Provision for credit losses | (5) | 9 | 3 | — | — | N/M | N/M | 4 | 2 | N/M | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total noninterest expense | 686 | 726 | 703 | 640 | 653 | (6) | 5 | 1,412 | 1,367 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income before income taxes | $ | 182 | $ | 90 | $ | 148 | $ | 184 | $ | 148 | 102 | % | 23 | % | $ | 272 | $ | 211 | 29 | % | ||||||||||||||||||||||||||||||||||||||||||
| Total revenue by line of business: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Management | $ | 577 | $ | 550 | $ | 577 | $ | 559 | $ | 543 | 5 | % | 6 | % | $ | 1,127 | $ | 1,061 | 6 | % | ||||||||||||||||||||||||||||||||||||||||||
| Wealth Management | 286 | 275 | 277 | 265 | 258 | 4 | 11 | 561 | 519 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total revenue by line of business | $ | 863 | $ | 825 | $ | 854 | $ | 824 | $ | 801 | 5 | % | 8 | % | $ | 1,688 | $ | 1,580 | 7 | % | ||||||||||||||||||||||||||||||||||||||||||
| Financial ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pre-tax operating margin | 21.1 | % | 10.9 | % | 17.3 | % | 22.3 | % | 18.5 | % | 16.1 | % | 13.4 | % | ||||||||||||||||||||||||||||||||||||||||||||||||
| Selected balance sheet data: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average loans | $ | 14,410 | $ | 14,233 | $ | 13,931 | $ | 14,143 | $ | 13,991 | 1 | % | 3 | % | $ | 14,322 | $ | 13,765 | 4 | % | ||||||||||||||||||||||||||||||||||||||||||
Average assets (d) | $ | 27,508 | $ | 27,261 | $ | 26,948 | $ | 27,247 | $ | 27,114 | 1 | % | 1 | % | $ | 27,384 | $ | 26,760 | 2 | % | ||||||||||||||||||||||||||||||||||||||||||
| Average deposits | $ | 9,691 | $ | 9,592 | $ | 9,453 | $ | 9,201 | $ | 9,216 | 1 | % | 5 | % | $ | 9,642 | $ | 9,565 | 1 | % | ||||||||||||||||||||||||||||||||||||||||||
(a) On a constant currency basis, investment management and performance fees increased 5% (Non-GAAP) compared with 2Q25. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 19 for the reconciliation of this Non-GAAP measure. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (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) 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
14
| THE BANK OF NEW YORK MELLON CORPORATION | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AUM BY PRODUCT TYPE, CHANGES IN AUM AND WEALTH MANAGEMENT CLIENT ASSETS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2Q26 vs. | YTD26 vs. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (dollars in billions) | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | 1Q26 | 2Q25 | YTD26 | YTD25 | YTD25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
AUM by product type: (a)(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity | $ | 184 | $ | 172 | $ | 179 | $ | 180 | $ | 168 | 7 | % | 10 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Fixed income | 267 | 261 | 262 | 257 | 248 | 2 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Index | 549 | 497 | 517 | 512 | 488 | 10 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Liability-driven investments | 523 | 530 | 539 | 537 | 588 | (1) | (11) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Multi-asset and alternative investments | 193 | 181 | 186 | 181 | 173 | 7 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash | 510 | 485 | 495 | 475 | 441 | 5 | 16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total AUM | $ | 2,226 | $ | 2,126 | $ | 2,178 | $ | 2,142 | $ | 2,106 | 5 | % | 6 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
Changes in AUM: (a)(b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Beginning balance of AUM | $ | 2,126 | $ | 2,178 | $ | 2,142 | $ | 2,106 | $ | 2,008 | $ | 2,178 | $ | 2,029 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Net inflows (outflows): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Long-term strategies: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity | (6) | (4) | (4) | (8) | (3) | (10) | (6) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fixed income | 9 | 3 | 5 | 7 | 5 | 12 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Liability-driven investments | (14) | 1 | (15) | (23) | — | (13) | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Multi-asset and alternative investments | (1) | — | (1) | (1) | (4) | (1) | (6) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total long-term active strategies inflows (outflows) | (12) | — | (15) | (25) | (2) | (12) | (4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Index | (9) | (7) | (8) | (8) | (22) | (16) | (33) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total long-term strategies inflows (outflows) | (21) | (7) | (23) | (33) | (24) | (28) | (37) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Short-term strategies: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash | 24 | (10) | 20 | 34 | 7 | 14 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total net inflows (outflows) | 3 | (17) | (3) | 1 | (17) | (14) | (35) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net market impact | 94 | (23) | 40 | 30 | 70 | 71 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net currency impact | 3 | (12) | (1) | (10) | 45 | (9) | 67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other | — | — | — | 15 | (c) | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Ending balance of AUM | $ | 2,226 | $ | 2,126 | $ | 2,178 | $ | 2,142 | $ | 2,106 | 5 | % | 6 | % | $ | 2,226 | $ | 2,106 | 6 | % | |||||||||||||||||||||||||||||||||||||||||||||
Wealth Management client assets (a)(d) | $ | 348 | $ | 339 | $ | 350 | $ | 348 | $ | 339 | 3 | % | 3 | % | |||||||||||||||||||||||||||||||||||||||||||||||||||
(a) June 30, 2026 information is preliminary. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(b) Represents assets managed in the Investment and Wealth Management business segment. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(c) Reflects a change in methodology beginning in the third quarter of 2025 to include assets under advisement. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(d) Includes AUM and AUC/A in the Wealth Management line of business. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
15
| THE BANK OF NEW YORK MELLON CORPORATION | | |||||||||||||||||||||||||||||||||||||||||||
| OTHER SEGMENT | ||||||||||||||||||||||||||||||||||||||||||||
| (dollars in millions) | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | YTD26 | YTD25 | |||||||||||||||||||||||||||||||||||||
| Revenue: | ||||||||||||||||||||||||||||||||||||||||||||
| Fee revenue | $ | (29) | $ | (23) | $ | (21) | $ | (27) | $ | (15) | $ | (52) | $ | (43) | ||||||||||||||||||||||||||||||
| Investment and other revenue | 36 | 50 | 45 | 45 | 33 | 86 | 95 | |||||||||||||||||||||||||||||||||||||
| Total fee and other revenue | 7 | 27 | 24 | 18 | 18 | 34 | 52 | |||||||||||||||||||||||||||||||||||||
| Net interest income (expense) | (1) | (11) | (9) | 1 | (19) | (12) | (28) | |||||||||||||||||||||||||||||||||||||
| Total revenue | 6 | 16 | 15 | 19 | (1) | 22 | 24 | |||||||||||||||||||||||||||||||||||||
| Provision for credit losses | 4 | 1 | (9) | (1) | 2 | 5 | 6 | |||||||||||||||||||||||||||||||||||||
| Noninterest expense | 83 | 89 | 55 | 45 | 36 | 172 | 124 | |||||||||||||||||||||||||||||||||||||
| Loss before income taxes | $ | (81) | $ | (74) | $ | (31) | $ | (25) | $ | (39) | $ | (155) | $ | (106) | ||||||||||||||||||||||||||||||
| Selected balance sheet data: | ||||||||||||||||||||||||||||||||||||||||||||
| Average loans and leases | $ | 1,739 | $ | 1,639 | $ | 1,695 | $ | 1,565 | $ | 1,685 | $ | 1,689 | $ | 1,743 | ||||||||||||||||||||||||||||||
| Average assets | $ | 73,677 | $ | 68,478 | $ | 67,432 | $ | 70,687 | $ | 69,823 | $ | 71,093 | $ | 67,572 | ||||||||||||||||||||||||||||||
16
| THE BANK OF NEW YORK MELLON CORPORATION | | ||||||||||||||||||||||||||||||||||||||||||||||
| INVESTMENT SECURITIES PORTFOLIO | |||||||||||||||||||||||||||||||||||||||||||||||
| (dollars in millions) | March 31, 2026 | 2Q26 change in unrealized gain (loss) | June 30, 2026 | Fair value as a % of amortized cost (a) | Unrealized gain (loss) | % Floating rate (b) | Ratings (c) | ||||||||||||||||||||||||||||||||||||||||
Amortized cost (a) | Fair value | AAA/ AA- | A+/ A- | BBB+/ BBB- | BB+ and lower | Not rated | |||||||||||||||||||||||||||||||||||||||||
| Fair value | |||||||||||||||||||||||||||||||||||||||||||||||
| Agency RMBS | $ | 49,103 | $ | (60) | $ | 52,200 | $ | 49,595 | 95 | % | $ | (2,605) | 24 | % | 100 | % | — | % | — | % | — | % | — | % | |||||||||||||||||||||||
| U.S. Treasury | 35,783 | (59) | 36,117 | 35,851 | 99 | (266) | 42 | 100 | — | — | — | — | |||||||||||||||||||||||||||||||||||
Non-U.S. government (d) | 33,435 | 120 | 33,051 | 32,911 | 100 | (140) | 24 | 82 | 18 | — | — | — | |||||||||||||||||||||||||||||||||||
| Agency commercial MBS | 9,380 | (1) | 9,477 | 9,253 | 98 | (224) | 44 | 100 | — | — | — | — | |||||||||||||||||||||||||||||||||||
| CLOs | 8,337 | 16 | 8,842 | 8,846 | 100 | 4 | 100 | 100 | — | — | — | — | |||||||||||||||||||||||||||||||||||
Foreign covered bonds | 8,707 | 31 | 8,594 | 8,571 | 100 | (23) | 38 | 100 | — | — | — | — | |||||||||||||||||||||||||||||||||||
U.S. government agencies | 4,003 | 1 | 4,047 | 3,875 | 96 | (172) | 28 | 100 | — | — | — | — | |||||||||||||||||||||||||||||||||||
Non-agency commercial MBS | 2,094 | 4 | 2,049 | 1,967 | 96 | (82) | 45 | 100 | — | — | — | — | |||||||||||||||||||||||||||||||||||
| Non-agency RMBS | 1,529 | 3 | 1,637 | 1,524 | 93 | (113) | 49 | 100 | — | — | — | — | |||||||||||||||||||||||||||||||||||
Other asset-backed securities | 347 | (1) | 334 | 313 | 94 | (21) | 20 | 100 | — | — | — | — | |||||||||||||||||||||||||||||||||||
| Other debt securities | 11 | — | 11 | 11 | 100 | — | — | — | — | — | — | 100 | |||||||||||||||||||||||||||||||||||
| Total investment securities | $ | 152,729 | $ | 54 | $ | 156,359 | $ | 152,717 | (e) | 98 | % | $ | (3,642) | (f) | 35 | % | 96 | % | 4 | % | — | % | — | % | — | % | |||||||||||||||||||||
| (a) Amortized cost includes the impact of hedged item basis adjustments, which was a net decrease of $1,280 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 $107,400 million at June 30, 2026, or 70% of the investment securities portfolio. The fair value of the held-to-maturity securities totaled $45,317 million at June 30, 2026, or 30% of the investment securities portfolio. | |||||||||||||||||||||||||||||||||||||||||||||||
| (f) At June 30, 2026, includes a pre-tax net unrealized loss of $703 million related to available-for-sale securities, net of hedges, and $2,939 million related to held-to-maturity securities. The after-tax unrealized loss, net of hedges, related to available-for-sale securities was $532 million, and the after-tax unrealized loss related to held-to-maturity securities was $2,242 million. | |||||||||||||||||||||||||||||||||||||||||||||||
| Note: At June 30, 2026, the accretable purchase discount relating to investment securities was $2,937 million. Including the discontinued hedges, net accretion was $154 million in 2Q26. | |||||||||||||||||||||||||||||||||||||||||||||||
17
| THE BANK OF NEW YORK MELLON CORPORATION | | |||||||||||||||||||||||||||||||
| ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS | ||||||||||||||||||||||||||||||||
| 2026 | 2025 | |||||||||||||||||||||||||||||||
| (dollars in millions) | June 30 | March 31 | Dec. 31 | Sept. 30 | June 30 | |||||||||||||||||||||||||||
| Allowance for credit losses – beginning of period: | ||||||||||||||||||||||||||||||||
| Allowance for loan losses | $ | 237 | $ | 245 | $ | 272 | $ | 275 | $ | 295 | ||||||||||||||||||||||
| Allowance for lending-related commitments | 85 | 74 | 63 | 70 | 75 | |||||||||||||||||||||||||||
Allowance for other financial instruments (a) | 25 | 25 | 33 | 34 | 31 | |||||||||||||||||||||||||||
| Allowance for credit losses – beginning of period | $ | 347 | $ | 344 | $ | 368 | $ | 379 | $ | 401 | ||||||||||||||||||||||
| Net (charge-offs) recoveries: | ||||||||||||||||||||||||||||||||
| Charge-offs | (1) | (1) | — | (5) | (10) | |||||||||||||||||||||||||||
| Recoveries | 1 | 11 | 2 | 1 | 5 | |||||||||||||||||||||||||||
| Total net (charge-offs) recoveries | — | 10 | 2 | (4) | (5) | |||||||||||||||||||||||||||
Provision for credit losses (b) | (8) | (7) | (26) | (7) | (17) | |||||||||||||||||||||||||||
| Allowance for credit losses – end of period | $ | 339 | $ | 347 | $ | 344 | $ | 368 | $ | 379 | ||||||||||||||||||||||
| Allowance for credit losses – end of period: | ||||||||||||||||||||||||||||||||
| Allowance for loan losses | $ | 222 | $ | 237 | $ | 245 | $ | 272 | $ | 275 | ||||||||||||||||||||||
| Allowance for lending-related commitments | 90 | 85 | 74 | 63 | 70 | |||||||||||||||||||||||||||
Allowance for other financial instruments (a) | 27 | 25 | 25 | 33 | 34 | |||||||||||||||||||||||||||
| Allowance for credit losses – end of period | $ | 339 | $ | 347 | $ | 344 | $ | 368 | $ | 379 | ||||||||||||||||||||||
| Allowance for loan losses as a percentage of total loans | 0.25 | % | 0.23 | % | 0.30 | % | 0.36 | % | 0.38 | % | ||||||||||||||||||||||
| Nonperforming assets | $ | 33 | $ | 69 | $ | 143 | $ | 160 | $ | 161 | ||||||||||||||||||||||
(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. | ||||||||||||||||||||||||||||||||
18
| 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. | ||||||||||||||||||||||||||||||||||||||||||||
| 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. | ||||||||||||||||||||||||||||||||||||||||||||
| Note: | ||||||||||||||||||||||||||||||||||||||||||||
| Returns on common and tangible common equity ratios are annualized. | ||||||||||||||||||||||||||||||||||||||||||||
| Return on common equity and tangible common equity reconciliation | ||||||||||||||||||||||||||||||||||||||||||||
| (dollars in millions) | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | YTD26 | YTD25 | |||||||||||||||||||||||||||||||||||||
| Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP | $ | 1,696 | $ | 1,562 | $ | 1,427 | $ | 1,339 | $ | 1,391 | $ | 3,258 | $ | 2,540 | ||||||||||||||||||||||||||||||
| Add: Amortization of intangible assets | 10 | 9 | 11 | 12 | 11 | 19 | 22 | |||||||||||||||||||||||||||||||||||||
| Less: Tax impact of amortization of intangible assets | 3 | 2 | 3 | 3 | 2 | 5 | 5 | |||||||||||||||||||||||||||||||||||||
| Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP | $ | 1,703 | $ | 1,569 | $ | 1,435 | $ | 1,348 | $ | 1,400 | $ | 3,272 | $ | 2,557 | ||||||||||||||||||||||||||||||
| Average common shareholders’ equity | $ | 39,535 | $ | 39,448 | $ | 39,142 | $ | 38,626 | $ | 37,892 | $ | 39,492 | $ | 37,438 | ||||||||||||||||||||||||||||||
| Less: Average goodwill | 16,768 | 16,774 | 16,777 | 16,787 | 16,748 | 16,771 | 16,682 | |||||||||||||||||||||||||||||||||||||
| Average intangible assets | 2,809 | 2,819 | 2,827 | 2,842 | 2,850 | 2,814 | 2,849 | |||||||||||||||||||||||||||||||||||||
| Add: Deferred tax liability – tax deductible goodwill | 1,225 | 1,226 | 1,227 | 1,236 | 1,236 | 1,225 | 1,236 | |||||||||||||||||||||||||||||||||||||
| Deferred tax liability – intangible assets | 659 | 660 | 662 | 665 | 668 | 659 | 668 | |||||||||||||||||||||||||||||||||||||
| Average tangible common shareholders’ equity – Non-GAAP | $ | 21,842 | $ | 21,741 | $ | 21,427 | $ | 20,898 | $ | 20,198 | $ | 21,791 | $ | 19,811 | ||||||||||||||||||||||||||||||
| Return on common equity – GAAP | 17.2 | % | 16.1 | % | 14.5 | % | 13.7 | % | 14.7 | % | 16.6 | % | 13.7 | % | ||||||||||||||||||||||||||||||
| Return on tangible common equity – Non-GAAP | 31.3 | % | 29.3 | % | 26.6 | % | 25.6 | % | 27.8 | % | 30.3 | % | 26.0 | % | ||||||||||||||||||||||||||||||
19
| 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 | 2026 | 2025 | ||||||||||||||||||||||||||||||
| (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 | $ | 44,664 | $ | 44,783 | $ | 44,313 | $ | 43,879 | $ | 43,950 | ||||||||||||||||||||||
| Less: Preferred stock | 4,754 | 5,331 | 4,836 | 4,836 | 5,331 | |||||||||||||||||||||||||||
| The Bank of New York Mellon Corporation common shareholders’ equity at period end – GAAP | 39,910 | 39,452 | 39,477 | 39,043 | 38,619 | |||||||||||||||||||||||||||
| Less: Goodwill | 16,731 | 16,734 | 16,767 | 16,773 | 16,823 | |||||||||||||||||||||||||||
| Intangible assets | 2,800 | 2,809 | 2,822 | 2,834 | 2,849 | |||||||||||||||||||||||||||
| Add: Deferred tax liability – tax deductible goodwill | 1,225 | 1,226 | 1,227 | 1,236 | 1,236 | |||||||||||||||||||||||||||
| Deferred tax liability – intangible assets | 659 | 660 | 662 | 665 | 668 | |||||||||||||||||||||||||||
| The Bank of New York Mellon Corporation tangible common shareholders’ equity at period end – Non-GAAP | $ | 22,263 | $ | 21,795 | $ | 21,777 | $ | 21,337 | $ | 20,851 | ||||||||||||||||||||||
Period-end common shares outstanding (in thousands) | 678,504 | 686,379 | 688,236 | 697,349 | 705,241 | |||||||||||||||||||||||||||
| Book value per common share – GAAP | $ | 58.82 | $ | 57.48 | $ | 57.36 | $ | 55.99 | $ | 54.76 | ||||||||||||||||||||||
| Tangible book value per common share – Non-GAAP | $ | 32.81 | $ | 31.75 | $ | 31.64 | $ | 30.60 | $ | 29.57 | ||||||||||||||||||||||
| Net interest margin reconciliation | ||||||||||||||||||||||||||||||||
| (dollars in millions) | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | |||||||||||||||||||||||||||
| Net interest income – GAAP | $ | 1,446 | $ | 1,370 | $ | 1,346 | $ | 1,236 | $ | 1,203 | ||||||||||||||||||||||
| Add: Tax equivalent adjustment | — | — | — | — | 1 | |||||||||||||||||||||||||||
| Net interest income (FTE) – Non-GAAP | $ | 1,446 | $ | 1,370 | $ | 1,346 | $ | 1,236 | $ | 1,204 | ||||||||||||||||||||||
| Average interest-earning assets | $ | 397,635 | $ | 396,310 | $ | 387,289 | $ | 374,493 | $ | 375,542 | ||||||||||||||||||||||
Net interest margin – GAAP (a) | 1.45 | % | 1.38 | % | 1.38 | % | 1.31 | % | 1.27 | % | ||||||||||||||||||||||
Net interest margin (FTE) – Non-GAAP (a) | 1.45 | % | 1.38 | % | 1.38 | % | 1.31 | % | 1.27 | % | ||||||||||||||||||||||
| (a) Net interest margin is annualized. | ||||||||||||||||||||||||||||||||
| Constant currency reconciliations | 2Q26 vs. | |||||||||||||||||||||||||||||||
| (dollars in millions) | 2Q26 | 2Q25 | 2Q25 | |||||||||||||||||||||||||||||
| Consolidated: | ||||||||||||||||||||||||||||||||
| Investment management and performance fees – GAAP | $ | 796 | $ | 758 | 5 | % | ||||||||||||||||||||||||||
| Impact of changes in foreign currency exchange rates | — | 1 | ||||||||||||||||||||||||||||||
| Adjusted investment management and performance fees – Non-GAAP | $ | 796 | $ | 759 | 5 | % | ||||||||||||||||||||||||||
| Investment and Wealth Management business segment: | ||||||||||||||||||||||||||||||||
| Investment management and performance fees – GAAP | $ | 796 | $ | 758 | 5 | % | ||||||||||||||||||||||||||
| Impact of changes in foreign currency exchange rates | — | 1 | ||||||||||||||||||||||||||||||
| Adjusted investment management and performance fees – Non-GAAP | $ | 796 | $ | 759 | 5 | % | ||||||||||||||||||||||||||
20
2Q26 July 15, 2026 QUARTERLY UPDATE
2 • Revenue Growth: Record revenue of $5.7bn up 13% YoY • Expense Discipline: Expense of $3.4bn up 7% YoY – Three quarters of YoY increase reflects revenue-related expenses – One quarter of YoY increase reflects higher investments and employee salary increases, partially offset by efficiency savings • Margin Expansion: – 606 bps of operating leverage(b) – Pre-tax margin of 39.8% up 3.2%-pts YoY • Improved Profitability: – ROE of 17.2% up 2.5%-pts YoY – ROTCE(a) of 31.3% up 3.5%-pts YoY • EPS Growth: EPS of $2.45 up 27% YoY • Attractive Capital Returns: Returned $1.5bn to common shareholders, including $371mm of dividends and $1.1bn of share repurchases – 87% payout ratio year-to-date – Declared 19% increase of quarterly common stock dividend in 3Q26 2Q26 Financial Highlights + 27% Revenue: + 13% 40% ROTCE(a): 31% Tier 1 Leverage: 5.9% + 7% Pre-tax Margin: EPS: Expenses: (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 2Q26 vs. 2Q25, unless otherwise noted.
3 Innovating new products and solutions • Continuous product innovation and track record of growth (e.g., Buyside Trading Solutions, Collateral One, Borrow Plus) • Connecting traditional and digital financial ecosystems with continued progress on 24/7 payments, digital cash and tokenized infrastructure, combining capabilities from across BNY's platforms Accelerating AI • Investments in our people, infrastructure, platform and broader ecosystem have created a strong foundation on which we are building applied AI solutions into our workflows and across the entire company • AI-integration has started to show tangible benefits across the entire client lifecycle: innovating, prospecting, onboarding, transacting 2026 Mid-year Business Update Serving our clients as One BNY • 14 consecutive quarters of YoY sales growth • Record sales performance in 1Q26 and 2Q26 • Larger, more comprehensive client solutions, with average deal size in 1H26 up >20% YoY • ~10% of clients generating sales in 1H26 are new to BNY Unlocking scale and growth across our platforms • 10 consecutive quarters of positive operating leverage • Completed activation phase of the platform operating model in 2Q26, shifting focus to realizing the full benefits of operating as one company • Tracking toward ~$500mm of incremental investments and ~$450mm of efficiency savings in 2026 Strong execution continues to accelerate growth and strengthen our competitive position ROTCE (excluding notable items) 21% 22% 24% 26% 30% FY22 FY23 FY24 FY25 1H26 29% 30% 33% 36% 39% FY22 FY23 FY24 FY25 1H26 Pre-tax Margin (excluding notable items) 0% 0% 2% 3% FY22 FY23 FY24 FY25 1H26 Organic Fee Growth (YoY) 4% 7% 5% 8% 13% FY22 FY23 FY24 FY25 1H26 Total Revenue (YoY) (b) Represents a non-GAAP measure. See pages 13 through 15 in the Appendix for the corresponding reconciliation of these non-GAAP measures excluding notable items. Note: See page 12 in the Appendix for corresponding footnotes. (a) (b)(c) (b)(d) ~4.5%
4 2Q26 vs. $mm, except per share data or unless otherwise noted 2Q26 1Q26 2Q25 1Q26 2Q25 Income Statement Investment services fees $2,909 $2,652 $2,583 10% 13% Investment management and performance fees 796 785 758 1 5 Foreign exchange revenue 229 232 213 (1) 8 Other fee revenue 102 99 87 3 17 Total fee revenue $4,036 $3,768 $3,641 7% 11% Investment and other revenue 216 271 184 N/M N/M Net interest income 1,446 1,370 1,203 6 20 Total revenue $5,698 $5,409 $5,028 5% 13% Provision for credit losses (8) (7) (17) N/M N/M Noninterest expense 3,439 3,400 3,206 1 7 Income before income taxes $2,267 $2,016 $1,839 12% 23% Net income applicable to common shareholders $1,696 $1,562 $1,391 9% 22% Avg. common shares and equivalents outstanding (mm) - diluted 692 698 720 (1)% (4)% EPS $2.45 $2.24 $1.93 9% 27% Key Performance Indicators Operating leverage(a) 419 bps 606 bps Pre-tax margin 39.8% 37.3% 36.6% ROE 17.2% 16.1% 14.7% ROTCE(b) 31.3% 29.3% 27.8% Non-GAAP measures, excluding notable items(c) Adjusted total revenue $5,698 $5,409 $5,028 5% 13% Adjusted noninterest expense 3,431 3,386 3,194 1 7 Adjusted EPS 2.46 2.25 1.94 9 27 Adjusted operating leverage 401 bps 591 bps Adjusted pre-tax margin 39.9% 37.5% 36.8% Adjusted ROTCE 31.4% 29.5% 27.9% 2Q26 Financial Results (a) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. (b) Represents a non-GAAP measure. See page 13 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE. (c) Each of the below line items represents a non-GAAP measure. See pages 13 and 14 in the Appendix for the corresponding reconciliations of these non-GAAP measures excluding notable items. N/M – not meaningful.
5 2Q26 1Q26 2Q25 Consolidated regulatory capital ratios(a) Tier 1 capital ($mm) $26,302 $26,435 $25,472 Average assets for Tier 1 leverage ratio ($mm) 446,389 443,556 420,131 Tier 1 leverage ratio 5.9% 6.0% 6.1% Common Equity Tier 1 ("CET1") capital ($mm) $21,555 $21,108 $20,149 Risk-weighted assets ($mm) 196,332 191,849 175,668 CET1 ratio 11.0% 11.0% 11.5% Supplementary leverage ratio ("SLR") 6.3% 6.6% 6.9% Consolidated regulatory liquidity ratios(a) Liquidity coverage ratio ("LCR") 111% 111% 112% Net stable funding ratio ("NSFR") 130% 131% 131% Capital returns Cash dividends per common share $0.53 $0.53 $0.47 Common stock dividends ($mm) $371 $376 $346 Common stock repurchases ($mm) 1,103 983 895 Total capital return ($mm) $1,474 $1,359 $1,241 Total payout ratio 87% 87% 89% Profitability ROE 17.2% 16.1% 14.7% ROTCE(b) 31.3% 29.3% 27.8% Adjusted ROTCE(c) 31.4% 29.5% 27.9% Capital and Liquidity CAPITAL • Tier 1 leverage ratio of 5.9% down 7 bps QoQ – Tier 1 capital of $26.3bn down $133mm QoQ, primarily reflecting capital returned through common stock repurchases and dividends and a redemption of preferred stock, partially offset by capital generated through earnings – Average assets for Tier 1 leverage ratio of $446.4bn up $2.8bn QoQ • CET1 ratio of 11.0% down 2 bps QoQ – CET1 capital of $21.6bn up $447mm QoQ, primarily reflecting capital generated through earnings, partially offset by capital returned through common stock repurchases and dividends – RWA of $196.3bn up $4.5bn QoQ LIQUIDITY • LCR of 111% flat QoQ • NSFR of 130% 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 1,203 1,236 1,346 1,370 1,446 2Q25 3Q25 4Q25 1Q26 2Q26 2Q26 vs. 2Q26 1Q26 2Q25 Total assets $465 1% 6% Total interest-earning assets $398 —% 6% Cash and reverse repo 148 (3) (2) Loans 86 6 20 Investment securities 156 2 7 Noninterest-bearing $55 —% 10% Interest-bearing 259 (2) 3 Total deposits $314 (1)% 5% Net Interest Income and Balance Sheet Trends Net Interest Income ($mm) 1.27% 1.31% 1.38% 1.38% 1.45% 2Q25 3Q25 4Q25 1Q26 2Q26 Net Interest Margin Balance Sheet Trends ($bn, average) • Net interest income of $1,446mm up 20% YoY and up 6% QoQ – YoY increase primarily reflecting the reinvestment of investment securities at higher yields and balance sheet growth, partially offset by deposit margin compression • Net interest margin of 1.45% up 18 bps YoY and up 7 bps QoQ • Avg. total deposits of $314bn up 5% YoY and down 1% QoQ
7 2Q26 vs. $mm, unless otherwise noted 2Q26 1Q26 2Q25 Asset Servicing $1,209 3% 12% Issuer Services 463 67 23 Total investment services fees $1,672 15% 15% Foreign exchange revenue 203 4 16 Other fees(a) 77 4 28 Investment and other revenue 94 N/M N/M Net interest income 782 3 16 Total revenue $2,828 6% 15% Provision for credit losses (5) N/M N/M Noninterest expense 1,722 4 7 Income before income taxes $1,111 7% 28% $bn, unless otherwise noted 2Q26 1Q26 2Q25 Pre-tax margin 39.3% 38.9% 35.3% Assets under custody and/or administration ("AUC/A")(trn) $45.3 $42.7 $39.9 Deposits (average) $194 $198 $186 Issuer Services Total debt serviced (trn) $15.2 $15.0 $14.3 Number of Depositary Receipts programs 1,655 1,632 1,568 Securities Services Select Income Statement Data Select Income Statement Data Key Performance Indicators (b)(c) • Total revenue of $2,828mm up 15% YoY – Investment services fees up 15% YoY > Asset Servicing up 12% YoY, primarily reflecting higher client activity and market values > Issuer Services up 23% YoY, primarily reflecting higher Corporate Trust fees – Foreign exchange revenue up 16% YoY – Net interest income up 16% YoY • Noninterest expense of $1,722mm up 7% YoY, primarily reflecting higher revenue-related expenses, investments and employee salary increases, partially offset by efficiency savings • Income before income taxes of $1,111mm up 28% YoY Note: See page 12 in the Appendix for corresponding footnotes. N/M – not meaningful.
8 2Q26 vs. $mm, unless otherwise noted 2Q26 1Q26 2Q25 Wealth Solutions $551 1% 5% Clearance and Collateral Management 453 5 18 Payments and Trade 224 2 7 Total investment services fees $1,228 3% 10% Foreign exchange revenue 34 (6) 13 Other fees(a) 71 1 13 Investment and other revenue 26 N/M N/M Net interest income 611 7 21 Total revenue $1,970 4% 12% Provision for credit losses (2) N/M N/M Noninterest expense 948 1 4 Income before income taxes $1,024 7% 21% $bn, unless otherwise noted 2Q26 1Q26 2Q25 Pre-tax margin 52.0% 50.8% 48.4% AUC/A (trn)(b)(c) $16.9 $16.5 $15.6 Deposits (average) $103 $103 $97 Wealth Solutions AUC/A (trn)(b) $3.6 $3.3 $3.0 Net new assets (U.S. platform)(d) 25 22 (10) Daily average revenue trades ("DARTs") (U.S. platform) ('000) 391 352 334 Average active clearing accounts ('000) 8,730 8,601 8,405 Payments and Trade U.S. dollar payment volumes (daily average) 260,275 257,960 246,250 Clearance and Collateral Management Average collateral balances $8,199 $7,783 $7,061 Market and Wealth Services Select Income Statement Data Key Performance Indicators Select Income Statement Data • Total revenue of $1,970mm up 12% YoY – Investment services fees up 10% YoY > Wealth Solutions up 5% YoY, primarily reflecting higher market values and client activity > Clearance and Collateral Management up 18% YoY, primarily reflecting higher collateral balances and clearance volumes > Payments and Trade up 7% YoY, primarily reflecting net new business – Foreign exchange revenue up 13% YoY – Net interest income up 21% YoY • Noninterest expense of $948mm up 4% YoY, primarily reflecting higher investments, revenue- related expenses and employee salary increases, partially offset by efficiency savings and the absence of 2Q25 litigation reserves • Income before income taxes of $1,024mm up 21% YoY Note: See page 12 in the Appendix for corresponding footnotes. N/M – not meaningful.
9 2Q26 vs. $mm, unless otherwise noted 2Q26 1Q26 2Q25 Investment management fees $793 1% 6% Performance fees 3 N/M N/M Distribution and servicing fees 71 1 3 Other fees(a) (87) N/M N/M Investment and other revenue(b) 29 N/M N/M Net interest income 54 2 32 Total revenue $863 5% 8% Provision for credit losses (5) N/M N/M Noninterest expense 686 (6) 5 Income before income taxes $182 102% 23% Total revenue by line of business: Investment Management $577 5% 6% Wealth Management 286 4 11 Total revenue $863 5% 8% $bn, unless otherwise noted 2Q26 1Q26 2Q25 Pre-tax margin 21.1% 10.9% 18.5% Deposits (average) $10 $10 $9 Assets under management ("AUM")(c) $2,226 $2,126 $2,106 Long-term active strategies net flows $(12) $— $(2) Index net flows (9) (7) (22) Short-term strategies net flows 24 (10) 7 Total net flows $3 $(17) $(17) Wealth Management Client assets(d) $348 $339 $339 Investment and Wealth Management Select Income Statement Data Key Performance Indicators Select Income Statement Data • Total revenue of $863mm up 8% YoY – Investment Management up 6% YoY, primarily reflecting higher market values and improved seed capital results, partially offset by the mix of AUM flows – Wealth Management up 11% YoY, primarily reflecting higher market values and net interest income, partially offset by changes in product mix • Noninterest expense of $686mm up 5% YoY, primarily reflecting higher revenue-related expenses, investments and employee salary increases, partially offset by efficiency savings • Income before income taxes of $182mm up 23% YoY • AUM of $2.2trn up 6% YoY, primarily reflecting higher market values, partially offset by the unfavorable impact of the stronger U.S. dollar and cumulative net outflows • Wealth Management client assets of $348bn up 3% YoY, primarily reflecting higher market values, partially offset by cumulative net outflows Note: See page 12 in the Appendix for corresponding footnotes. N/M – not meaningful.
10 $mm, unless otherwise noted 2Q26 1Q26 2Q25 Fee revenue $(29) $(23) $(15) Investment and other revenue 36 50 33 Net interest income (expense) (1) (11) (19) Total revenue $6 $16 $(1) Provision for credit losses 4 1 2 Noninterest expense 83 89 36 Loss before income taxes $(81) $(74) $(39) 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 1Q26 renewable energy investment gains, partially offset by lower net investment securities losses • Noninterest expense increased YoY, primarily reflecting higher staff expenses and the absence of 2Q25 lower litigation reserves Select Income Statement Data
11 >100 bpsOperating Leverage Up 3–4% YoY $20,028mm $12,912mm Up 5% +/- YoYTotal Revenue (excluding notable items) Expenses (excluding notable items) 2026 Financial Outlook Update 2025 BASIS ORIGINAL 2026 OUTLOOK (a) Note: "Original 2026 Outlook" based on market-implied forward interest rates as of year-end 2025. Assumed equity and fixed income market values over the course of 2026 unchanged from values as of December 31, 2025. "Updated 2026 Outlook" based on market- implied forward interest rates as of quarter ended June 30, 2026. Assumes equity and fixed income market values over the course of 2H26 unchanged from values as of June 30, 2026. (b) Represents a non-GAAP measure. See page 15 in the Appendix for the corresponding reconciliation of these non-GAAP measures excluding notable items. (c) Represents a forward-looking non-GAAP financial measure. See "Cautionary Statement" on page 16 for information regarding forward-looking non-GAAP financial measures. (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) UPDATED 2026 OUTLOOK Up 10-11% YoY Up 6-7% YoY ~400 bps (a)(c) (c) (a)(c) (c) (b) (b)
12 Footnotes Page 3 – 2026 Mid-year Business Update (a) Organic fee growth is the amount of fee revenue growth attributable to net new business and the net impact of changes in activity within existing products by existing clients. We believe this measure permits investors to gain an understanding of internal versus external drivers of fee revenue growth. (b) Represents a non-GAAP measure. See pages [#] in the Appendix for the corresponding reconciliation of these non-GAAP measures excluding notable items. (c) Income before taxes divided by total revenue. Pre-tax margin, excluding notable items is a non-GAAP measure. The GAAP measure of pre-tax margin was 38.6% for the six months ended June 30, 2026, 35.1% for the year ended December 31, 2025, 31.4% for the year ended December 31, 2024, 24.2% for the year ended December 31, 2023 and 21.1% for the year ended December 31, 2022. (d) Return on tangible common equity, excluding notable items is a non-GAAP measure. Return on common equity was 16.6% for the six months ended June 30, 2026, 13.9% for the year ended December 31, 2025, 11.9% for the year ended December 31, 2024, 8.6% for the year ended December 31, 2023 and 6.5% for the year ended December 31, 2022. Page 5 – Capital and Liquidity (a) Regulatory capital and liquidity ratios for June 30, 2026 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 the periods presented was the Standardized Approach. Page 7 – Securities Services (a) Other fees primarily include financing-related fees. (b) June 30, 2026 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 $2.2 trillion at June 30, 2026, $2.1 trillion at March 31, 2026 and $2.0 trillion at June 30, 2025. Page 8 – Market and Wealth Services (a) Other fees primarily include financing-related fees. (b) June 30, 2026 information is preliminary. (c) Consists of AUC/A from the Clearance and Collateral Management and Wealth Solutions 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) (a) Other fees primarily include investment services fees. (b) Investment and other revenue is net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds. (c) June 30, 2026 information is preliminary. Represents assets managed in the Investment and Wealth Management business segment. (d) June 30, 2026 information is preliminary. Includes AUM and AUC/A in the Wealth Management line of business.
13 $mm 2Q26 1Q26 2Q25 1H26 2025 2024 2023 2022 Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $1,696 $1,562 $1,391 $3,258 $5,306 $4,336 $3,067 $2,345 Add: Amortization of intangible assets 10 9 11 19 45 50 57 67 Less: Tax impact of amortization of intangible assets 3 2 2 5 11 12 14 16 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets — Non-GAAP $1,703 $1,569 $1,400 $3,272 $5,340 $4,374 $3,110 $2,396 Less: Reduction in the fair value of a contingent consideration receivable(a) — — — — — — (144) — Disposal gains (losses)(a) — — — — 41 — (5) (12) Revenue reduction related to Russia, primarily accelerated amortization of deferred costs for depositary receipt services(b) — — — — — — — (67) Net loss from repositioning the securities portfolio(a) — — — — — — — (343) Less: Severance expense(c) (5) (14) (27) (19) (165) (183) (205) (166) Less: Litigation reserves(c) (2) (3) 16 (5) 7 (41) (91) (125) Less: FDIC special assessment(c) — 6 5 6 48 48 (482) — Goodwill impairment — — — — — — — (665) 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 $1,710 $1,580 $1,406 $3,290 $5,409 $4,550 $4,037 $3,774 Average common shareholders’ equity $39,535 $39,448 $37,892 $39,492 $38,167 $36,413 $35,767 $36,067 Less: Average goodwill 16,768 16,774 16,748 16,771 16,733 16,316 16,204 17,060 Less: Average intangible assets 2,809 2,819 2,850 2,814 2,842 2,839 2,880 2,939 Add: Deferred tax liability – tax deductible goodwill 1,225 1,226 1,236 1,225 1,227 1,221 1,205 1,181 Add: Deferred tax liability – intangible assets 659 660 668 659 662 665 657 660 Average tangible common shareholders’ equity – Non-GAAP $21,842 $21,741 $20,198 $21,791 $20,481 $19,144 $18,545 $17,909 Return on common equity(d) – GAAP 17.2% 16.1% 14.7% 16.6% 13.9% 11.9% 8.6% 6.5% Adjusted return on common equity(d) – Non-GAAP 17.3% 16.2% 14.8% 16.7% 14.1% 12.4% 11.2% 10.3% Return on tangible common equity(d) – Non-GAAP 31.3% 29.3% 27.8% 30.3% 26.1% 22.8% 16.8% 13.4% Adjusted return on tangible common equity(d) – Non-GAAP 31.4% 29.5% 27.9% 30.4% 26.4% 23.8% 21.8% 21.1% Return on Common Equity and Tangible Common Equity Reconciliation (a) Reflected in Investment and other revenue. (b) Primarily reflected in Investment services fees. (c) Severance expense is reflected in Staff expense, Litigation reserves in Other expense, and FDIC special assessment in Bank assessment charges, respectively. (d) Returns are annualized.
14 Select Income Statement Data Reconciliation of Non-GAAP Measures – Impact of Notable Items 2Q26 vs. $mm, except per share amounts 2Q26 1Q26 2Q25 1Q26 2Q25 Total revenue – GAAP $5,698 $5,409 $5,028 5% 13% Adjusted total revenue, excluding notable items — Non-GAAP $5,698 $5,409 $5,028 5% 13% Total noninterest expense – GAAP $3,439 $3,400 $3,206 1% 7% Less: Severance expense(a) 6 18 34 Less: Litigation reserves(a) 2 3 (16) Less: FDIC special assessment(a) — (7) (6) Adjusted total noninterest expense, excluding notable items — Non-GAAP $3,431 $3,386 $3,194 1% 7% Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $1,696 $1,562 $1,391 9% 22% Less: Severance expense(a) (5) (14) (27) Less: Litigation reserves(a) (2) (3) 16 Less: FDIC special assessment(a) — 6 5 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding notable items — Non-GAAP $1,703 $1,573 $1,397 8% 22% Diluted earnings per share – GAAP $2.45 $2.24 $1.93 9% 27% Less: Severance expense(a) (0.01) (0.02) (0.04) Less: Litigation reserves(a) — — 0.02 Less: FDIC special assessment(a) — 0.01 0.01 Adjusted diluted earnings per share, excluding notable items — Non-GAAP $2.46 $2.25 $1.94 9% 27% Operating leverage – GAAP(b) 419 bps 606 bps Adjusted operating leverage, excluding notable items — Non-GAAP(b) 401 bps 591 bps Pre-tax operating margin – GAAP(c) 39.8% 37.3% 36.6% Adjusted pre-tax operating margin, excluding notable items — Non-GAAP(c) 39.9% 37.5% 36.8% (a) Severance expense is reflected in Staff expense, Litigation reserves in Other expense, and FDIC special assessment in Bank assessment charges, respectively. (b) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. (c) Income before taxes divided by total revenue. See the 2Q26 Earnings Release for additional information.
15 Select Income Statement Data Reconciliation of Non-GAAP Measures – 2022-1H26 2025 vs. 2024 vs. 2023 vs. $mm 1H26 2025 2024 2023 2022 2024 2023 2022 Total revenue – GAAP $11,107 $20,080 $18,619 $17,697 $16,529 8% 5% 7% Less: Reduction in the fair value of a contingent consideration receivable(a) — — — (144) — Less: Disposal gains (losses)(a) — 52 — (6) 26 Revenue reduction related to Russia, primarily accelerated amortization of deferred costs for xxxxxxdepositary receipt services(b) — — — — (88) Net loss from repositioning the securities portfolio(a) — — — — (449) Adjusted total revenue, excluding notable items — Non-GAAP $11,107 $20,028 $18,619 $17,847 $17,040 8% 4% 5% Total noninterest expense – GAAP $6,839 $13,054 $12,701 $13,295 $13,010 3% (4)% 2% Less: Severance expense(c) 24 214 240 267 215 Less: Litigation reserves(c) 5 (8) 44 94 134 Less: FDIC special assessment(c) (7) (64) (63) 632 — Less: Goodwill impairment — — — — 680 Adjusted total noninterest expense, excluding notable items — Non-GAAP $6,817 $12,912 $12,480 $12,302 $11,981 3% 1% 3% Income before taxes – GAAP $4,283 $7,058 $5,848 $4,283 $3,480 21% 37% 23% Less: Impact of notable items(d) (22) (90) (221) (1,143) (1,540) Adjusted income before taxes, excluding notable items — Non-GAAP $4,305 $7,148 $6,069 $5,426 $5,020 18% 12% 8% Pre-tax operating margin – GAAP(e) 38.6% 35.1% 31.4% 24.2% 21.1% Adjusted pre-tax operating margin, excluding notable items — Non-GAAP(e) 38.8% 35.7% 32.6% 30.4% 29.5% (a) Reflected in Investment and other revenue. (b) Primarily reflected in Investment services fees. (c) Severance expense is reflected in Staff expense, Litigation reserves in Other expense, and FDIC special assessment in Bank assessment charges, respectively. (d) See above for details of notable items and lines impacted. (e) Income before taxes divided by total revenue.
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 platform 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, NII sensitivity, 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, 2026. 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: a resumption of hostilities and other developments in the Middle East and the resulting impacts on commodity supply chains and global inflationary impacts and the risk factors and other uncertainties set forth in our Annual Report on Form 10-K for the year ended Dec. 31, 2025 (the “2025 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, our medium-term financial targets and our long-term strategy, 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 total revenue are subject to various factors, including market levels, client activity, our ability to win and onboard new business, lost business, pricing pressure, our ability to launch new products to, and expand relationships with, existing clients, interest rates, 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 artificial intelligence initiatives, including the timing, implementation, efficacy and expected benefits, are subject to various factors, including third-party and vendor dependencies, the availability, usability and quality of data, evolving legal, regulatory and supervisory expectations, employee and client adoption, and our ability to deploy, monitor and scale such capabilities with appropriate governance and in an effective control environment. 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 expenses are subject to various factors, including investments, revenue-related expenses, efficiency savings, salary increases, inflation and currency fluctuations. 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 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 2025 Annual Report, the second quarter 2026 earnings release and the second quarter 2026 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 total revenue and expenses excluding notable items. 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
