bk-20221017


News Release

BNY MELLON REPORTS THIRD QUARTER 2022 EARNINGS OF

$319 MILLION OR $0.39 PER COMMON SHARE;

$983 MILLION OR $1.21 PER SHARE EXCLUDING NOTABLE ITEMS(a)

Revenue up 6%

EPS down 63%

ROE 4%

ROTCE 7%(a)

CET1 10.0%

Tier 1 leverage 5.4%

Adj. Revenue up 5%(a)

Adj. EPS up 11%(a)

Adj. ROE 11%(a)

Adj. ROTCE 22%(a)

CET1 10.0%

Tier 1 leverage 5.4%

NEW YORK, October 17, 2022 – The Bank of New York Mellon Corporation (“BNY Mellon”) (NYSE: BK) today reported:


							3Q22 vs.
(dollars in millions, except per share amounts)	3Q22		2Q22		3Q21		2Q22		3Q21
Net income applicable to common shareholders	$	319	$	835	$	881	(62)	%	(64)	%
Adjusted net income applicable to common shareholders – Non-GAAP (a)	$	983	$	935	$	926	5	%	6	%
Diluted earnings per common share	$	0.39	$	1.03	$	1.04	(62)	%	(63)	%
Adjusted diluted earnings per common share – Non-GAAP (a)	$	1.21	$	1.15	$	1.09	5	%	11	%


Notable items

3Q22 results include $(664) million, or $(0.81) per share, primarily related to impairment of goodwill associated with the Investment Management reporting unit, which was driven by lower market values and a higher discount rate. This goodwill impairment represents a non-cash charge and did not affect BNY Mellon’s liquidity position, tangible common equity or regulatory capital ratios.

3Q21 results include $(45) million, or $(0.05) per share, primarily related to litigation.


Third Quarter Results

Total revenue of $4.3 billion, increased 6%

•Net interest revenue increased 44%

•Fee revenue decreased 1%

Total noninterest expense of $3.7 billion, increased 26%; or 4% excluding notable items (a)

AUC/A of $42.2 trillion, decreased 7%, primarily market impact

AUM of $1.8 trillion, decreased 23%, primarily market impact

Securities Services

•Total revenue increased 13%

•Income before taxes increased 67%; or 32% excluding notable items (a) (primarily litigation reserves in 3Q21)

•Pre-tax operating margin of 25%

Market and Wealth Services

•Total revenue increased 17%

•Income before taxes increased 21%

•Pre-tax operating margin of 46%

Investment and Wealth Management

•Total revenue decreased 16%

•Income before taxes decreased 243%; or 48% excluding notable items (a)

•Pre-tax operating margin of (57)%; adjusted pre-tax operating margin, excluding notable items – Non-GAAP of 24% (a)


CEO Commentary

Robin Vince, President and Chief Executive Officer, commented, “While third quarter reported results were impacted by a goodwill impairment charge, return on tangible common equity excluding notable items was 22%. Revenue grew 6% year-over-year, a testament to the earnings power of our diversified and resilient business model.”

“Our performance benefitted from higher interest rates and continued strength in client volumes and balances across our Securities Services and Market and Wealth Services segments. While Investment and Wealth Management was naturally more affected by the continued decline in global market values, in particular in Investment Management, the business delivered positive net inflows in the quarter and continued to deliver solid investment performance for our clients,” Mr. Vince added.

“Having spent a significant portion of the past few months engaging with clients, regulators, employees and other business leaders, I am excited about our exceptional client franchise, our central role in global financial markets, and the opportunity that lies ahead,” Mr. Vince concluded.


Media Relations: Garrett Marquis (949) 683-1503			Investor Relations: Marius Merz (212) 298-1480
(a) Adjusted results exclude notable items. For information on the Non-GAAP measures, see “Explanation of GAAP and Non-GAAP financial measures” beginning on page 11.
Note: Above comparisons are 3Q22 vs. 3Q21, unless otherwise noted.


BNY Mellon 3Q22 Earnings Release

CONSOLIDATED FINANCIAL HIGHLIGHTS


(in millions, except per share amounts and unless otherwise noted; not meaningful - N/M)							3Q22 vs.
	3Q22		2Q22		3Q21		2Q22		3Q21
Fee revenue	$	3,236	$	3,339	$	3,265	(3)	%	(1)	%
Investment and other revenue	117		91		129		N/M		N/M
Total fee and other revenue	3,353		3,430		3,394		(2)		(1)
Net interest revenue	926		824		641		12		44
Total revenue	4,279		4,254		4,035		1		6
Provision for credit losses	(30)		47		(45)		N/M		N/M
Noninterest expense	3,679		3,112		2,918		18		26
Income before taxes	630		1,095		1,162		(42)		(46)
Provision for income taxes	242		231		219		5		11
Net income	$	388	$	864	$	943	(55)	%	(59)	%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	319	$	835	$	881	(62)	%	(64)	%


Operating leverage (a)												(1,763)		bps	(2,003)		bps


Diluted earnings per common share	$	0.39		$	1.03		$	1.04		(62)	%	(63)	%
Average common shares and equivalents outstanding - diluted (in thousands)	814,516			813,590			849,028
Pre-tax operating margin	15		%	26		%	29		%

Non-GAAP measures, excluding notable items: (b)

Adjusted operating leverage – Non-GAAP (a)

118

bps

115

bps


Adjusted diluted earnings per common share – Non-GAAP	$	1.21		$	1.15		$	1.09		5	%	11	%
Adjusted pre-tax operating margin – Non-GAAP	31		%	28		%	30		%

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

(b) Notable items in 3Q22 include goodwill impairment, a disposal gain, severance expense and litigation reserves. Notable items in 2Q22 include litigation reserves. Notable items in 3Q21 include litigation reserves, gains on disposals and severance expense. See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” beginning on page 11 for additional information.

bps – basis points.

KEY DRIVERS (comparisons are 3Q22 vs. 3Q21, unless otherwise stated)

Total revenue increased 6%, primarily reflecting:

•Fee revenue decreased 1%, primarily reflecting lower market values, the unfavorable impact of a stronger U.S. dollar, the impact of lost business in the prior year in both Pershing and Corporate Trust and an unfavorable change in the mix of AUM, partially offset by lower money market fee waivers and higher client activity.

•Investment and other revenue decreased primarily reflecting strategic equity investment gains recorded in 3Q21, partially offset by higher other trading revenue and higher disposal gains.

•Net interest revenue increased 44%, primarily reflecting higher interest rates on interest-earning assets, partially offset by higher funding expense and lower interest-earning assets.

•Provision for credit losses was a benefit of $30 million, primarily reflecting reserve releases related to cash balances with exposure to Russia and a modest benefit from our commercial real estate portfolio.

•Noninterest expense increased 26%, primarily reflecting goodwill impairment in the Investment Management reporting unit. Excluding notable items, noninterest expense increased 4% (a), primarily reflecting higher investments in growth, infrastructure and efficiency initiatives and higher revenue-related expenses, as well as the impact of inflation, partially offset by the favorable impact of a stronger U.S. dollar.

•Effective tax rate of 38.4%, or 19.5% (a) excluding notable items, primarily goodwill impairment.

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

•AUC/A of $42.2 trillion, decreased 7%, primarily reflecting lower market values and the unfavorable impact of a stronger U.S. dollar, partially offset by client inflows and net new business.

•AUM of $1.8 trillion, decreased 23%, primarily reflecting lower market values and the unfavorable impact of a stronger U.S. dollar, partially offset by net inflows.

Capital and liquidity

•Dividends of $303 million to common shareholders (including dividend-equivalents on share-based awards).

•Return on common equity (“ROE”) – 4%; Adjusted ROE – 11% (a).

•Return on tangible common equity (“ROTCE”) – 7%; Adjusted ROTCE – 22% (a).

•Common Equity Tier 1 (“CET1”) ratio – 10.0%.

•Tier 1 leverage ratio – 5.4%.

•Average liquidity coverage ratio (“LCR”) – 116%.

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

(a) See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 11 for additional information.

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


Page - 2


BNY Mellon 3Q22 Earnings Release

SECURITIES SERVICES BUSINESS SEGMENT HIGHLIGHTS


(dollars in millions, unless otherwise noted; not meaningful - N/M)												3Q22 vs.
	3Q22			2Q22				3Q21				2Q22		3Q21
Investment services fees:
Asset Servicing	$	953		$	995			$	979			(4)	%	(3)	%
Issuer Services	288			309				281				(7)		2
Total investment services fees	1,241			1,304				1,260				(5)		(2)
Foreign exchange revenue	132			155				125				(15)		6
Other fees (a)	52			54				30				(4)		73
Total fee revenue	1,425			1,513				1,415				(6)		1
Investment and other revenue	111			36				73				N/M		N/M
Total fee and other revenue	1,536			1,549				1,488				(1)		3
Net interest revenue	538			457				349				18		54
Total revenue	2,074			2,006				1,837				3		13
Provision for credit losses	(6)			13				(19)				N/M		N/M
Noninterest expense	1,557			1,656				1,543				(6)		1
Income before taxes	$	523		$	337			$	313			55	%	67	%

Total revenue by line of business:
Asset Servicing	$	1,596		$	1,534			$	1,437			4	%	11	%
Issuer Services	478			472				400				1		20
Total revenue by line of business	$	2,074		$	2,006			$	1,837			3	%	13	%

Pre-tax operating margin	25		%	17		%	(b)	17		%	(b)

Securities lending revenue (c)	$	48		$	45			$	45			7	%	7	%

Metrics:
Average loans	$	11,573		$	11,386			$	8,389			2	%	38	%
Average deposits	$	176,328		$	191,191			$	198,680			(8)	%	(11)	%

AUC/A at period end (in trillions) (current period is preliminary) (d)	$	30.0		$	31.0			$	33.8			(3)	%	(11)	%
Market value of securities on loan at period end (in billions) (e)	$	435		$	441			$	443			(1)	%	(2)	%

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

(b) Excluding notable items, adjusted pre-tax operating margin was 21% (Non-GAAP) in 2Q22 and 3Q21. See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 11 for information on this Non-GAAP measure.

(d) 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 Global Securities Services Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $1.4 trillion at Sept. 30, 2022, $1.5 trillion at June 30, 2022 and $1.7 trillion at Sept. 30, 2021.

(e) Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $75 billion at Sept. 30, 2022, $70 billion at June 30, 2022 and $68 billion at Sept. 30, 2021.

KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below. Also see page 8 for information related to money market fee waivers.

•Asset Servicing – The year-over-year increase primarily reflects higher net interest revenue and lower money market fee waivers, partially offset by lower market values. The sequential increase primarily reflects higher net interest revenue and a disposal gain, partially offset by lower market values and the unfavorable impact of a stronger U.S. dollar.

•Issuer Services – The year-over-year increase primarily reflects higher net interest revenue and lower money market fee waivers, partially offset by the impact of lost business in the prior year in Corporate Trust and lower Depositary Receipts revenue. The sequential increase primarily reflects higher net interest revenue in Corporate Trust, partially offset by lower Depositary Receipts revenue.

•Noninterest expense increased year-over-year, primarily reflecting higher investments in growth, infrastructure and efficiency initiatives, as well as the impact of inflation, partially offset by lower litigation reserves and the favorable impact of a stronger U.S. dollar. The sequential decrease primarily reflects lower litigation reserves.


Page - 3


BNY Mellon 3Q22 Earnings Release

MARKET AND WEALTH SERVICES BUSINESS SEGMENT HIGHLIGHTS


(dollars in millions, unless otherwise noted; not meaningful - N/M)										3Q22 vs.
	3Q22			2Q22			3Q21			2Q22		3Q21
Investment services fees:
Pershing	$	494		$	479		$	427		3	%	16	%
Treasury Services	173			176			168			(2)		3
Clearance and Collateral Management	239			240			228			—		5
Total investment services fees	906			895			823			1		10
Foreign exchange revenue	20			22			23			(9)		(13)
Other fees (a)	49			46			31			7		58
Total fee revenue	975			963			877			1		11
Investment and other revenue	14			11			13			N/M		N/M
Total fee and other revenue	989			974			890			2		11
Net interest revenue	378			340			283			11		34
Total revenue	1,367			1,314			1,173			4		17
Provision for credit losses	(1)			4			(16)			N/M		N/M
Noninterest expense	737			702			668			5		10
Income before taxes	$	631		$	608		$	521		4	%	21	%

Total revenue by line of business:
Pershing	$	658		$	636		$	566		3	%	16	%
Treasury Services	390			373			326			5		20
Clearance and Collateral Management	319			305			281			5		14
Total revenue by line of business	$	1,367		$	1,314		$	1,173		4	%	17	%

Pre-tax operating margin	46		%	46		%	44		%

Metrics:
Average loans	$	40,882		$	42,391		$	39,041		(4)	%	5	%
Average deposits	$	90,612		$	94,716		$	101,253		(4)	%	(11)	%

AUC/A at period end (in trillions) (current period is preliminary) (b)	$	12.0		$	11.8		$	11.2		2	%	7	%

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

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

KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below. Also see page 8 for information related to money market fee waivers.

•Pershing – The year-over-year increase primarily reflects lower money market fee waivers and higher client activity, partially offset by the impact of prior year lost business. The sequential increase primarily reflects lower money market fee waivers.

•Treasury Services – The year-over-year increase primarily reflects higher net interest revenue and lower money market fee waivers. The sequential increase primarily reflects higher net interest revenue.

•Clearance and Collateral Management – The year-over-year increase primarily reflects higher net interest revenue and clearance volumes. The sequential increase primarily reflects higher net interest revenue.

•Noninterest expense increased year-over-year, primarily reflecting higher investments in growth, infrastructure and efficiency initiatives, as well as the impact of inflation, partially offset by the favorable impact of a stronger U.S. dollar. The sequential increase reflects higher staff expense.


Page - 4


BNY Mellon 3Q22 Earnings Release

INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT HIGHLIGHTS


(dollars in millions, unless otherwise noted; not meaningful - N/M)											3Q22 vs.
	3Q22				2Q22			3Q21			2Q22		3Q21
Investment management fees	$	788			$	825		$	893		(4)	%	(12)	%
Performance fees	10				5			21			N/M		(52)
Investment management and performance fees	798				830			914			(4)		(13)
Distribution and servicing fees	55				51			28			8		96
Other fees (a)	(45)				(31)			20			N/M		N/M
Total fee revenue	808				850			962			(5)		(16)
Investment and other revenue (b)	(3)				(13)			23			N/M		N/M
Total fee and other revenue (b)	805				837			985			(4)		(18)
Net interest revenue	57				62			47			(8)		21
Total revenue	862				899			1,032			(4)		(16)
Provision for credit losses	3				—			(7)			N/M		N/M
Noninterest expense	1,356				691			691			96		96
(Loss) income before taxes (c)	$	(497)			$	208		$	348		(339)	%	(243)	%

Total revenue by line of business:
Investment Management	$	579			$	603		$	727		(4)	%	(20)	%
Wealth Management	283				296			305			(4)		(7)
Total revenue by line of business	$	862			$	899		$	1,032		(4)	%	(16)	%

Pre-tax operating margin	(57)		%		23		%	34		%
Adjusted pre-tax operating margin – Non-GAAP (d)	(64)		%	(e)	26		%	36		%

Metrics:
Average loans	$	14,482			$	14,087		$	12,248		3	%	18	%
Average deposits	$	17,225			$	20,802		$	17,270		(17)	%	—	%

AUM (in billions) (current period is preliminary) (f)	$	1,776			$	1,937		$	2,310		(8)	%	(23)	%
Wealth Management client assets (in billions) (current period is preliminary) (g)	$	256			$	264		$	307		(3)	%	(17)	%

(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) Excluding notable items, income before taxes decreased 48% (Non-GAAP) compared with 3Q21 and 13% (Non-GAAP) compared with 2Q22. See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 11 for information on this Non-GAAP measure.

(d) Net of distribution and servicing expense. See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 11 for information on this Non-GAAP measure.

(e) Excluding notable items and net of distribution and servicing expense, the adjusted pre-tax operating margin was 24% (Non-GAAP). See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 11 for information on this Non-GAAP measure.

(f) Excludes assets managed outside of the Investment and Wealth Management business segment.

(g) 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. Also see page 8 for information related to money market fee waivers.

•Investment Management – The year-over-year decrease primarily reflects lower market values, the unfavorable impact of a stronger U.S. dollar, an unfavorable change in the mix of AUM, lower equity income and strategic equity investment gains recorded in 3Q21, partially offset by lower money market fee waivers. The sequential decrease primarily reflects lower market values, the unfavorable impact of a stronger U.S. dollar and lower equity income, partially offset by lower money market fee waivers.

•Wealth Management – The year-over-year decrease primarily reflects lower market values, partially offset by higher net interest revenue.

•Noninterest expense increased primarily reflecting goodwill impairment in the Investment Management reporting unit. Excluding notable items, noninterest expense decreased 2% (a) year-over-year and sequentially, reflecting the favorable impact of a stronger U.S. dollar. The year-over-year decrease was partially offset by investments in growth initiatives and higher distribution and servicing expense.

(a) See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 11 for additional information.


Page - 5


BNY Mellon 3Q22 Earnings Release

OTHER SEGMENT primarily includes the leasing portfolio, corporate treasury activities, including our securities portfolio, derivatives and other trading activity, renewable energy and other corporate investments, certain business exits and other corporate revenue and expense items.



(in millions)	3Q22		2Q22		3Q21
Fee revenue	$	28	$	13	$	12
Investment and other revenue	(5)		62		23
Total fee and other revenue	23		75		35
Net interest (expense)	(47)		(35)		(38)
Total revenue	(24)		40		(3)
Provision for credit losses	(26)		30		(3)
Noninterest expense	29		63		16
(Loss) before taxes	$	(27)	$	(53)	$	(16)

KEY DRIVERS

•Total revenue includes corporate treasury and other investment activity, including hedging activity which has an offsetting impact between fee and other revenue and net interest expense. The sequential decrease in total revenue primarily reflects a strategic equity investment gain recorded in 2Q22.

•Provision for credit losses was a benefit of $26 million in 3Q22, including reserve releases related to cash balances with exposure to Russia.

•Noninterest expense increased year-over-year and decreased sequentially, primarily driven by staff expense.


Page - 6


BNY Mellon 3Q22 Earnings Release

NOTABLE ITEMS BY BUSINESS SEGMENT


Notable items by business segment (a)	3Q22										3Q21
(in millions)	Securities Services		Market and Wealth Services		Investment and Wealth Management		Other		Total			Securities Services		Market and Wealth Services		Investment and Wealth Management		Other		Total
Fee and other revenue	$	37	$	—	$	—	$	—	$	37		$	—	$	—	$	—	$	9	$	9
Net interest revenue	—		—		—		—		—			—		—		—		—		—
Total revenue	37		—		—		—		37			—		—		—		9		9
Total noninterest expense	18		6		679		11		714			70		1		1		1		73
(Loss) income before taxes	$	19	$	(6)	$	(679)	$	(11)	$	(677)		$	(70)	$	(1)	$	(1)	$	8	$	(64)

(a) Notable items in 3Q22 include goodwill impairment, a disposal gain (reflected in investment and other revenue), severance expense and litigation reserves. Notable items in 3Q21 include litigation reserves, gains on disposals (reflected in investment and other revenue) and severance expense.


Notable items by business segment (a)	2Q22
(in millions)		Securities Services		Market and Wealth Services		Investment and Wealth Management		Other		Total
Fee and other revenue		$	—	$	—	$	—	$	—	$	—
Net interest revenue		—		—		—		—		—
Total revenue		—		—		—		—		—
Total noninterest expense		92		1		—		10		103
(Loss) income before taxes		$	(92)	$	(1)	$	—	$	(10)	$	(103)

(a) Notable items in 2Q22 include litigation reserves.


Page - 7


BNY Mellon 3Q22 Earnings Release

MONEY MARKET FEE WAIVERS

The following table presents the impact of money market fee waivers on our consolidated fee revenue, net of distribution and servicing expense. In 3Q22, the net impact of money market fee waivers was $22 million, down from $66 million in 2Q22, driven by higher interest rates.


Money market fee waivers
(in millions)	3Q22		2Q22		1Q22		4Q21		3Q21		YTD22		YTD21
Investment services fees (see table below)	$	(1)	$	(26)	$	(126)	$	(148)	$	(142)	$	(153)	$	(399)
Investment management and performance fees	(21)		(40)		(85)		(116)		(109)		(146)		(313)
Distribution and servicing fees	—		(2)		(11)		(14)		(11)		(13)		(37)
Total fee revenue	(22)		(68)		(222)		(278)		(262)		(312)		(749)
Less: Distribution and servicing expense	—		2		23		35		29		25		76
Net impact of money market fee waivers	$	(22)	$	(66)	$	(199)	$	(243)	$	(233)	$	(287)	$	(673)

Impact to investment services fees by line of business (a):
Asset Servicing	$	—	$	—	$	(19)	$	(31)	$	(29)	$	(19)	$	(74)
Issuer Services	—		(1)		(11)		(18)		(17)		(12)		(44)
Pershing	(1)		(25)		(90)		(89)		(86)		(116)		(254)
Treasury Services	—		—		(6)		(10)		(10)		(6)		(27)
Total impact to investment services fees by line of business	$	(1)	$	(26)	$	(126)	$	(148)	$	(142)	$	(153)	$	(399)

Impact to fee revenue by line of business (a):
Asset Servicing	$	—	$	(1)	$	(28)	$	(50)	$	(47)	$	(29)	$	(126)
Issuer Services	(1)		(1)		(14)		(24)		(22)		(16)		(59)
Pershing	(1)		(29)		(107)		(106)		(102)		(137)		(295)
Treasury Services	—		—		(8)		(14)		(13)		(8)		(38)
Investment Management	(20)		(37)		(63)		(81)		(76)		(120)		(222)
Wealth Management	—		—		(2)		(3)		(2)		(2)		(9)
Total impact to fee revenue by line of business	$	(22)	$	(68)	$	(222)	$	(278)	$	(262)	$	(312)	$	(749)

(a) The line of business revenue for management reporting purposes reflects the impact of revenue transferred between the businesses.


Page - 8


BNY Mellon 3Q22 Earnings Release

CAPITAL AND LIQUIDITY


Capital and liquidity ratios	Sept. 30, 2022			June 30, 2022			Dec. 31, 2021
Consolidated regulatory capital ratios: (a)
CET1 ratio	10.0		%	10.0		%	11.2		%
Tier 1 capital ratio	12.8			12.8			14.0
Total capital ratio	13.7			13.6			14.9
Tier 1 leverage ratio	5.4			5.2			5.5
Supplementary leverage ratio	6.3			6.2			6.6
BNY Mellon shareholders’ equity to total assets ratio	9.3		%	9.1		%	9.7		%
BNY Mellon common shareholders’ equity to total assets ratio	8.2		%	8.0		%	8.6		%

Average LCR	116		%	111		%	109		%

Book value per common share	$	43.18		$	44.73		$	47.50
Tangible book value per common share – Non-GAAP (b)	$	21.55		$	22.02		$	24.31




Common shares outstanding (in thousands)	808,280			808,103			804,145

(a) Regulatory capital ratios for Sept. 30, 2022 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for Sept. 30, 2022 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, for June 30, 2022 was the Advanced Approaches, and for Dec. 31, 2021 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 11 for information on this Non-GAAP measure.

•CET1 capital totaled $16.7 billion and Tier 1 capital totaled $21.5 billion at Sept. 30, 2022, both decreasing approximately $340 million, compared with June 30, 2022. The decreases primarily reflect unrealized losses on available-for-sale securities, foreign currency translation and capital deployed through dividends, partially offset by capital generated through earnings. The Tier 1 leverage ratio increased compared with June 30, 2022, driven by the benefit of lower average assets, partially offset by the decrease in capital.

NET INTEREST REVENUE


Net interest revenue										3Q22 vs.
(dollars in millions; not meaningful - N/M)	3Q22			2Q22			3Q21			2Q22		3Q21
Net interest revenue	$	926		$	824		$	641		12%		44%
Add: Tax equivalent adjustment	3			3			3			N/M		N/M
Net interest revenue, on a fully taxable equivalent (“FTE”) basis – Non-GAAP (a)	$	929		$	827		$	644		12%		44%

Net interest margin	1.05		%	0.89		%	0.67		%	16	bps	38	bps
Net interest margin (FTE) – Non-GAAP (a)	1.05		%	0.89		%	0.68		%	16	bps	37	bps

(a) Net interest revenue (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 11 for information on this Non-GAAP measure.

bps – basis points.

•Net interest revenue increased year-over-year, primarily reflecting higher interest rates on interest-earning assets, partially offset by higher funding expense and lower interest-earning assets.

•Sequentially, the increase primarily reflects higher interest rates on interest-earning assets. This was partially offset by higher funding expense.


Page - 9


BNY Mellon 3Q22 Earnings Release

THE BANK OF NEW YORK MELLON CORPORATION

Condensed Consolidated Income Statement


(in millions)	Quarter ended						Year-to-date
	Sept. 30, 2022		June 30, 2022		Sept. 30, 2021		Sept. 30, 2022		Sept. 30, 2021

Fee and other revenue
Investment services fees	$	2,157	$	2,206	$	2,091	$	6,356	$	6,223
Investment management and performance fees	800		833		913		2,516		2,692
Foreign exchange revenue	203		222		185		632		600
Financing-related fees	43		44		48		132		147
Distribution and servicing fees	33		34		28		97		84
Total fee revenue	3,236		3,339		3,265		9,733		9,746
Investment and other revenue	117		91		129		278		229
Total fee and other revenue	3,353		3,430		3,394		10,011		9,975
Net interest revenue
Interest revenue	1,984		1,159		693		3,921		2,116
Interest expense	1,058		335		52		1,473		175
Net interest revenue	926		824		641		2,448		1,941
Total revenue	4,279		4,254		4,035		12,459		11,916
Provision for credit losses	(30)		47		(45)		19		(214)
Noninterest expense
Staff	1,673		1,623		1,584		4,998		4,704
Software and equipment	421		405		372		1,225		1,099
Professional, legal and other purchased services	363		379		363		1,112		1,069
Sub-custodian and clearing	124		131		129		373		385
Net occupancy	124		125		120		371		365
Distribution and servicing	88		90		76		257		223
Bank assessment charges	35		37		34		107		103
Business development	34		43		22		107		63
Goodwill impairment	680		—		—		680		—
Amortization of intangible assets	17		17		19		51		63
Other	120		262		199		516		473
Total noninterest expense	3,679		3,112		2,918		9,797		8,547
Income
Income before taxes	630		1,095		1,162		2,643		3,583
Provision for income taxes	242		231		219		626		681
Net income	388		864		943		2,017		2,902
Net loss (income) attributable to noncontrolling interests related to consolidated investment management funds	—		5		4		13		(6)
Net income applicable to shareholders of The Bank of New York Mellon Corporation	388		869		947		2,030		2,896
Preferred stock dividends	(69)		(34)		(66)		(177)		(166)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	319	$	835	$	881	$	1,853	$	2,730


Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation	Quarter ended						Year-to-date
	Sept. 30, 2022		June 30, 2022		Sept. 30, 2021		Sept. 30, 2022		Sept. 30, 2021
(in dollars)	Sept. 30, 2022		June 30, 2022		Sept. 30, 2021		Sept. 30, 2022		Sept. 30, 2021
Basic	$	0.39	$	1.03	$	1.04	$	2.29	$	3.15
Diluted	$	0.39	$	1.03	$	1.04	$	2.28	$	3.14


Page - 10


BNY Mellon 3Q22 Earnings Release

EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES

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

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

BNY Mellon has presented revenue measures excluding notable items, including disposal gains. Expense measures, excluding notable items, including goodwill impairment, severance expense and litigation reserves, are also presented. 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, pre-tax operating margin and the effective tax rate, excluding the notable items mentioned above, are also provided. These measures have been 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								3Q22 vs.
(dollars in millions)	3Q22			2Q22		3Q21		2Q22		3Q21
Total revenue – GAAP	$	4,279		$	4,254	$	4,035	0.59	%	6.05	%
Impact of notable items (a)	37			—		9
Adjusted total revenue – Non-GAAP	$	4,242		$	4,254	$	4,026	(0.28)	%	5.37	%

Total noninterest expense – GAAP	$	3,679		$	3,112	$	2,918	18.22	%	26.08	%
Impact of notable items (a)	714			103		73
Adjusted total noninterest expense – Non-GAAP	$	2,965		$	3,009	$	2,845	(1.46)	%	4.22	%

Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	319		$	835	$	881	(62)	%	(64)	%
Impact of notable items (a)	(664)			(100)		(45)
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation – Non-GAAP	$	983		$	935	$	926	5	%	6	%

Diluted earnings per share – GAAP	$	0.39		$	1.03	$	1.04	(62)	%	(63)	%
Impact of notable items (a)	(0.81)			(0.12)		(0.05)
Adjusted diluted earnings per share – Non-GAAP	$	1.21	(b)	$	1.15	$	1.09	5	%	11	%


Operating leverage – GAAP (c)	(1,763)	bps	(2,003)	bps
Adjusted operating leverage – Non-GAAP (a)(c)	118	bps	115	bps

(a) Notable items in 3Q22 include goodwill impairment, a disposal gain, severance expense and litigation reserves. Notable items in 2Q22 include litigation reserves. Notable items in 3Q21 include litigation reserves, gains on disposals and severance expense.

(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


Page - 11


BNY Mellon 3Q22 Earnings Release


Return on common equity and return on tangible common equity reconciliation
(dollars in millions)	3Q22
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	319
Add: Amortization of intangible assets	17
Less: Tax impact of amortization of intangible assets	4
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	332
Impact of notable items (a)	(664)
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	$	996

Average common shareholders’ equity	$	35,942
Less: Average goodwill	17,189
Average intangible assets	2,922
Add: Deferred tax liability – tax deductible goodwill	1,175
Deferred tax liability – intangible assets	660
Average tangible common shareholders’ equity – Non-GAAP	$	17,666

Return on common equity – GAAP (b)	3.5		%
Adjusted return on common equity – Non-GAAP (b)	10.9		%

Return on tangible common equity – Non-GAAP (b)	7.5		%
Adjusted return on tangible common equity – Non-GAAP (b)	22.4		%

(a) Notable items in 3Q22 include goodwill impairment, a disposal gain, severance expense and litigation reserves.

(b) Annualized.


Pre-tax operating margin reconciliation
(dollars in millions)	3Q22			2Q22			3Q21
Income before taxes – GAAP	$	630		$	1,095		$	1,162
Impact of notable items (a)	(677)			(103)			(64)
Adjusted income before taxes, excluding notable items – Non-GAAP	$	1,307		$	1,198		$	1,226

Total revenue – GAAP	$	4,279		$	4,254		$	4,035

Pre-tax operating margin – GAAP (b)	15		%	26		%	29		%
Adjusted pre-tax operating margin – Non-GAAP (b)	31		%	28		%	30		%

(b) Income before taxes divided by total revenue.


Effective tax rate reconciliation
(dollars in millions)	3Q22
Provision for income taxes	$	242
Impact of notable items (a)	(13)
Adjusted provision for income taxes, excluding notable items – Non-GAAP	$	255

Income before taxes – GAAP	$	630
Impact of notable items (a)	(677)
Adjusted income before taxes, excluding notable items – Non-GAAP	$	1,307

Effective tax rate – GAAP	38.4		%
Adjusted effective tax rate – Non-GAAP	19.5		%

(a) Notable items in 3Q22 include goodwill impairment, a disposal gain, severance expense and litigation reserves.


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BNY Mellon 3Q22 Earnings Release

BNY Mellon has presented pre-tax operating margin, excluding notable items for certain business segments. These measures are provided to permit investors to view the financial measures on a basis consistent with how management views the businesses.


Pre-tax operating margin reconciliation - Securities Services business segment									3Q22 vs.
(dollars in millions)	3Q22		2Q22			3Q21			2Q22		3Q21
Income (loss) before taxes – GAAP	$	523	$	337		$	313		55	%	67	%
Impact of notable items (a)	(19)		92			70
Adjusted income before taxes – Non-GAAP	$	504	$	429		$	383		17	%	32	%

Total revenue – GAAP			$	2,006		$	1,837
Impact of notable items (a)			—			—
Adjusted total revenue – Non-GAAP			$	2,006		$	1,837

Pre-tax operating margin – GAAP (b)			17		%	17		%
Adjusted pre-tax operating margin – Non-GAAP (b)			21		%	21		%

(a) Notable items in 3Q22 include a disposal gain and severance expense. Notable items in 2Q22 include litigation reserves. Notable items in 3Q21 include litigation reserves and severance expense.

(b) Income before taxes divided by total revenue.


Reconciliation of Non-GAAP measures, excluding notable items - Investment and Wealth Management								3Q22 vs.
(dollars in millions)	3Q22			2Q22		3Q21		2Q22		3Q21
Noninterest expense – GAAP	$	1,356		$	691	$	691	96	%	96	%
Impact of notable items (a)	679			—		1
Adjusted noninterest expense – Non-GAAP	$	677		$	691	$	690	(2)	%	(2)	%

(Loss) income before taxes – GAAP	$	(497)		$	208	$	348	(339)	%	(243)	%
Impact of notable items (a)	679			—		1
Adjusted income before taxes – Non-GAAP	$	182		$	208	$	349	(13)	%	(48)	%

Total revenue – GAAP	$	862
Less: Distribution and servicing expense	88
Adjusted total revenue – Non-GAAP	$	774

Pre-tax operating margin – GAAP (b)	(57)		%
Adjusted pre-tax operating margin, net of distribution and servicing expense (b)	(64)		%
Adjusted pre-tax operating margin, net of distribution and servicing expense and excluding notable items – Non-GAAP (b)	24		%

(a) Notable items in 3Q22 include goodwill impairment and severance expense. Notable items in 3Q21 include severance expense.

(b) Income before taxes divided by total revenue.

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

CAUTIONARY STATEMENT

A number of statements (i) in this Earnings Release, (ii) in our Financial Supplement, (iii) in our presentations and (iv) in the responses to questions on our conference call discussing our quarterly results and other public events may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about our capital plans, strategic priorities, financial goals, organic growth, performance, organizational quality and efficiency, investments, including in technology and product development, resiliency, capabilities, revenue, net interest revenue, money market fee waivers, fees, expenses, cost discipline, sustainable growth, innovation in products and services, company management, human capital management (including related ambitions, objectives, aims and goals), deposits, interest rates and yield curves, securities portfolio, taxes, business opportunities, divestments, volatility,


Page - 13


BNY Mellon 3Q22 Earnings Release

preliminary business metrics and regulatory capital ratios and statements regarding our aspirations, as well as our overall plans, strategies, goals, objectives, expectations, outlooks, estimates, intentions, targets, opportunities, focus and initiatives, including the potential effects of the coronavirus pandemic on any of the foregoing. These 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,” “ambition,” “objective,” “aim,” “future,” “potentially,” “outlook” and words of similar meaning may signify forward-looking statements. These statements and other forward-looking statements contained in other public disclosures of BNY Mellon which make reference to the cautionary factors described in this Earnings Release are based upon current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond BNY Mellon’s control). Actual results may differ materially from those expressed or implied as a result of a number of factors, including, but not limited to, the risk factors and other uncertainties set forth in BNY Mellon’s Annual Report on Form 10-K for the year ended Dec. 31, 2021 and BNY Mellon’s other filings with the Securities and Exchange Commission. Statements about the effects of the current and near-term market and macroeconomic outlook on BNY Mellon, including on its business, operations, financial performance and prospects, may constitute forward-looking statements, and are based on assumptions that involve risks and uncertainties and that are subject to change based on various important factors (some of which are beyond BNY Mellon’s control), including geopolitical risks (including those related to Russia’s invasion of Ukraine), as well as the scope and duration of the pandemic, actions taken by governmental authorities and other third parties in response to the pandemic, the availability, use and effectiveness of vaccines and the direct and indirect impact of the pandemic on us, our clients, customers and third parties. Preliminary business metrics and regulatory capital ratios are subject to change, possibly materially, as BNY Mellon completes its Quarterly Report on Form 10-Q for the quarter ended Sept. 30, 2022. All forward-looking statements in this Earnings Release speak only as of Oct. 17, 2022, and BNY Mellon undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events.

ABOUT BNY MELLON

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Sept. 30, 2022, BNY Mellon had $42.2 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

CONFERENCE CALL INFORMATION

Robin Vince, President and Chief Executive Officer and Emily Portney, Chief Financial Officer, will host a conference call and simultaneous live audio webcast at 8:00 a.m. ET on Oct. 17, 2022. 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 (800) 390-5696 (U.S.) or (720) 452-9082 (International), and using the passcode: 200200, or by logging onto www.bnymellon.com/investorrelations. Earnings materials will be available at www.bnymellon.com/investorrelations beginning at approximately 6:30 a.m. ET on Oct. 17, 2022. Replays of the conference call and audio webcast will be available beginning Oct. 17, 2022 at approximately 2:00 p.m. ET through Nov. 17, 2022 by dialing (888) 203-1112 (U.S.) or (719) 457-0820 (International), and using the passcode: 5049084. The archived version of the conference call and audio webcast will also be available at www.bnymellon.com/investorrelations for the same time period.


Page - 14


The Bank of New York Mellon Corporation

Financial Supplement

Third Quarter 2022


Table of Contents




Consolidated Results						Page
Consolidated Financial Highlights						3
Condensed Consolidated Income Statement						4
Condensed Consolidated Balance Sheet						5
Fee and Other Revenue						6
Average Balances and Interest Rates						7
Capital and Liquidity						8

Business Segment Results
Securities Services Business Segment						9
Market and Wealth Services Business Segment						11
Investment and Wealth Management Business Segment						13
AUM by Product Type, Changes in AUM and Wealth Management Client Assets						14
Other Segment						15

Other
Securities Portfolio						16
Allowance for Credit Losses and Nonperforming Assets						17

Supplemental Information
Explanation of GAAP and Non-GAAP Financial Measures						18


THE BANK OF NEW YORK MELLON CORPORATION
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)																3Q22 vs.										YTD22 vs.
	3Q22			2Q22			1Q22			4Q21			3Q21			2Q22		3Q21		YTD22			YTD21			YTD21
Selected income statement data


Fee and other revenue	$	3,353		$	3,430		$	3,228		$	3,338		$	3,394		(2)	%	(1)	%	$	10,011		$	9,975		—	%
Net interest revenue	926			824			698			677			641			12		44		2,448			1,941			26
Total revenue	4,279			4,254			3,926			4,015			4,035			1		6		12,459			11,916			5
Provision for credit losses	(30)			47			2			(17)			(45)			N/M		N/M		19			(214)			N/M
Noninterest expense	3,679			3,112			3,006			2,967			2,918			18		26		9,797			8,547			15
Income before income taxes	630			1,095			918			1,065			1,162			(42)		(46)		2,643			3,583			(26)
Provision for income taxes	242			231			153			196			219			5		11		626			681			(8)
Net income	$	388		$	864		$	765		$	869		$	943		(55)	%	(59)	%	$	2,017		$	2,902		(30)	%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	319		$	835		$	699		$	822		$	881		(62)	%	(64)	%	$	1,853		$	2,730		(32)	%
Diluted earnings per common share	$	0.39		$	1.03		$	0.86		$	1.01		$	1.04		(62)	%	(63)	%	$	2.28		$	3.14		(27)	%
Average common shares and equivalents outstanding – diluted (in thousands)	814,516			813,590			813,986			817,345			849,028			—	%	(4)	%	814,214			869,324			(6)	%

Financial ratios (Returns are annualized)
Pre-tax operating margin	15		%	26		%	23		%	27		%	29		%					21		%	30		%
Return on common equity	3.5		%	9.3		%	7.6		%	8.6		%	8.8		%					6.8		%	9.1		%
Return on tangible common equity – Non-GAAP (a)	7.5		%	19.2		%	15.4		%	17.2		%	16.8		%					14.0		%	17.1		%
Non-U.S. revenue as a percentage of total revenue	35		%	36		%	35		%	38		%	38		%					35		%	38		%

Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)	$	42.2		$	43.0		$	45.5		$	46.7		$	45.3		(2)	%	(7)	%
Assets under management (“AUM”) (in trillions)	$	1.78		$	1.94		$	2.27		$	2.43		$	2.31		(8)	%	(23)	%
Full-time employees	51,100			50,800			49,600			49,100			48,900			1	%	4	%
Book value per common share	$	43.18		$	44.73		$	45.76		$	47.50		$	47.30
Tangible book value per common share – Non-GAAP (a)	$	21.55		$	22.02		$	22.76		$	24.31		$	24.88
Cash dividends per common share	$	0.37		$	0.34		$	0.34		$	0.34		$	0.34
Common dividend payout ratio	95		%	33		%	40		%	34		%	34		%
Closing stock price per common share	$	38.52		$	41.71		$	49.63		$	58.08		$	51.84
Market capitalization	$	31,135		$	33,706		$	40,091		$	46,705		$	42,811
Common shares outstanding (in thousands)	808,280			808,103			807,798			804,145			825,821

Capital ratios at period end (c)
Common Equity Tier 1 ("CET1") ratio	10.0		%	10.0		%	10.1		%	11.2		%	11.7		%
Tier 1 capital ratio	12.8		%	12.8		%	12.9		%	14.0		%	14.4		%
Total capital ratio	13.7		%	13.6		%	13.7		%	14.9		%	15.2		%
Tier 1 leverage ratio	5.4		%	5.2		%	5.3		%	5.5		%	5.7		%
Supplementary leverage ratio ("SLR")	6.3		%	6.2		%	6.2		%	6.6		%	7.0		%
(a) Non-GAAP information, for all periods presented, excludes goodwill and intangible assets, net of deferred tax liabilities. See "Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of Non-GAAP measures.
(b) Includes the AUC/A of CIBC Mellon Global Securities Services Company ("CIBC Mellon"), a joint venture with the Canadian Imperial Bank of Commerce, of $1.4 trillion at Sep. 30, 2022, $1.5 trillion at June 30, 2022 and $1.7 trillion at March 31, 2022, Dec. 31, 2021, and Sept. 30, 2021.
(c) Regulatory capital ratios for Sept. 30, 2022 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for Sept. 30, 2022 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, for June 30, 2022 was the Advanced Approaches, for March 31, 2022 and Dec. 31, 2021 was the Standardized Approach, and for Sept. 30, 2021 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENT

(dollars in millions, except per share amounts; common shares in thousands)											3Q22 vs.								YTD22 vs.
	3Q22		2Q22		1Q22		4Q21		3Q21		2Q22		3Q21		YTD22		YTD21		YTD21
Revenue
Investment services fees	$	2,157	$	2,206	$	1,993	$	2,061	$	2,091	(2)	%	3	%	$	6,356	$	6,223	2	%
Investment management and performance fees	800		833		883		896		913		(4)		(12)		2,516		2,692		(7)
Foreign exchange revenue	203		222		207		199		185		(9)		10		632		600		5
Financing-related fees	43		44		45		47		48		(2)		(10)		132		147		(10)
Distribution and servicing fees	33		34		30		28		28		(3)		18		97		84		15
Total fee revenue	3,236		3,339		3,158		3,231		3,265		(3)		(1)		9,733		9,746		—
Investment and other revenue	117		91		70		107		129		N/M		N/M		278		229		N/M
Total fee and other revenue	3,353		3,430		3,228		3,338		3,394		(2)		(1)		10,011		9,975		—
Net interest revenue	926		824		698		677		641		12		44		2,448		1,941		26
Total revenue	4,279		4,254		3,926		4,015		4,035		1		6		12,459		11,916		5
Provision for credit losses	(30)		47		2		(17)		(45)		N/M		N/M		19		(214)		N/M
Noninterest expense
Staff	1,673		1,623		1,702		1,633		1,584		3		6		4,998		4,704		6
Software and equipment	421		405		399		379		372		4		13		1,225		1,099		11
Professional, legal and other purchased services	363		379		370		390		363		(4)		—		1,112		1,069		4
Sub-custodian and clearing	124		131		118		120		129		(5)		(4)		373		385		(3)
Net occupancy	124		125		122		133		120		(1)		3		371		365		2
Distribution and servicing	88		90		79		75		76		(2)		16		257		223		15
Bank assessment charges	35		37		35		30		34		(5)		3		107		103		4
Business development	34		43		30		44		22		(21)		55		107		63		70
Goodwill impairment	680		—		—		—		—		N/M		N/M		680		—		N/M
Amortization of intangible assets	17		17		17		19		19		—		(11)		51		63		(19)
Other	120		262		134		144		199		(54)		(40)		516		473		9
Total noninterest expense	3,679		3,112		3,006		2,967		2,918		18		26		9,797		8,547		15
Income before income taxes	630		1,095		918		1,065		1,162		(42)		(46)		2,643		3,583		(26)
Provision for income taxes	242		231		153		196		219		5		11		626		681		(8)
Net income	388		864		765		869		943		(55)		(59)		2,017		2,902		(30)
Net loss (income) attributable to noncontrolling interests	—		5		8		(6)		4		N/M		N/M		13		(6)		N/M
Preferred stock dividends	(69)		(34)		(74)		(41)		(66)		N/M		N/M		(177)		(166)		N/M
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	319	$	835	$	699	$	822	$	881	(62)	%	(64)	%	$	1,853	$	2,730	(32)	%

Average common shares and equivalents outstanding: Basic	811,304		810,903		809,469		811,463		844,088		—	%	(4)	%	810,703		865,374		(6)	%
Diluted	814,516		813,590		813,986		817,345		849,028		—	%	(4)	%	814,214		869,324		(6)	%

Earnings per common share: Basic	$	0.39	$	1.03	$	0.86	$	1.01	$	1.04	(62)	%	(63)	%	$	2.29	$	3.15	(27)	%
Diluted	$	0.39	$	1.03	$	0.86	$	1.01	$	1.04	(62)	%	(63)	%	$	2.28	$	3.14	(27)	%
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET

	2022						2021
(in millions)	Sept. 30		June 30		March 31		Dec. 31		Sept. 30
Assets
Cash and due from banks	$	4,707	$	5,185	$	6,143	$	6,061	$	6,752
Interest-bearing deposits with the Federal Reserve and other central banks	107,427		125,372		135,691		102,467		126,959
Interest-bearing deposits with banks	13,890		16,639		18,268		16,630		20,057
Federal funds sold and securities purchased under resale agreements	23,483		22,940		27,131		29,607		28,497
Securities	144,181		150,844		153,396		158,705		157,274
Trading assets	12,650		10,759		14,703		16,577		17,854
Loans	69,829		69,347		68,052		67,787		64,328
Allowance for loan losses	(164)		(181)		(171)		(196)		(233)
Net loans	69,665		69,166		67,881		67,591		64,095
Premises and equipment	3,311		3,354		3,359		3,431		3,422
Accrued interest receivable	723		548		467		457		464
Goodwill	16,412		17,271		17,462		17,512		17,420
Intangible assets	2,902		2,934		2,968		2,991		2,941
Other assets	28,602		27,609		26,342		22,409		24,798
Total assets	$	427,953	$	452,621	$	473,811	$	444,438	$	470,533
Liabilities
Deposits	$	301,989	$	325,813	$	345,565	$	319,694	$	343,139
Federal funds purchased and securities sold under repurchase agreements	11,339		11,434		13,181		11,566		11,973
Trading liabilities	7,494		5,595		5,587		5,469		5,152
Payables to customers and broker-dealers	23,741		25,769		26,608		25,150		26,002

Other borrowed funds	357		520		312		749		767
Accrued taxes and other expenses	5,316		5,011		4,534		5,767		5,609
Other liabilities	10,001		9,724		10,626		6,721		8,796
Long-term debt	27,820		27,610		25,246		25,931		25,043
Total liabilities	388,057		411,476		431,659		401,047		426,481
Temporary equity
Redeemable noncontrolling interests	152		154		155		161		178
Permanent equity
Preferred stock	4,838		4,838		4,838		4,838		4,541
Common stock	14		14		14		14		14
Additional paid-in capital	28,374		28,316		28,258		28,128		28,075
Retained earnings	37,660		37,644		37,088		36,667		36,125
Accumulated other comprehensive loss, net of tax	(6,627)		(5,307)		(3,881)		(2,213)		(2,003)
Less: Treasury stock, at cost	(24,522)		(24,521)		(24,518)		(24,400)		(23,151)
Total The Bank of New York Mellon Corporation shareholders’ equity	39,737		40,984		41,799		43,034		43,601
Nonredeemable noncontrolling interests of consolidated investment management funds	7		7		198		196		273
Total permanent equity	39,744		40,991		41,997		43,230		43,874
Total liabilities, temporary equity and permanent equity	$	427,953	$	452,621	$	473,811	$	444,438	$	470,533


THE BANK OF NEW YORK MELLON CORPORATION
FEE AND OTHER REVENUE

											3Q22 vs.								YTD22 vs.
(dollars in millions)	3Q22		2Q22		1Q22		4Q21		3Q21		2Q22		3Q21		YTD22		YTD21		YTD21
Investment services fees	$	2,157	$	2,206	$	1,993	$	2,061	$	2,091	(2)	%	3	%	$	6,356	$	6,223	2	%
Investment management and performance fees:
Investment management fees (a)	790		828		849		864		892		(5)		(11)		2,467		2,617		(6)
Performance fees	10		5		34		32		21		N/M		(52)		49		75		(35)
Total investment management and performance fees (b)	800		833		883		896		913		(4)		(12)		2,516		2,692		(7)
Foreign exchange revenue	203		222		207		199		185		(9)		10		632		600		5
Financing-related fees	43		44		45		47		48		(2)		(10)		132		147		(10)
Distribution and servicing fees	33		34		30		28		28		(3)		18		97		84		15
Total fee revenue	3,236		3,339		3,158		3,231		3,265		(3)		(1)		9,733		9,746		—
Investment and other revenue:
(Loss) income from consolidated investment management funds	(7)		(24)		(20)		9		(7)		N/M		N/M		(51)		23		N/M
Seed capital (losses) gains (c)	(11)		(24)		(8)		12		7		N/M		N/M		(43)		28		N/M
Other trading revenue (loss)	65		45		5		(6)		20		N/M		N/M		115		12		N/M
Renewable energy investment (losses)	(44)		(44)		(44)		(37)		(42)		N/M		N/M		(132)		(164)		N/M
Corporate/bank-owned life insurance	32		28		33		45		33		N/M		N/M		93		95		N/M
Other investments gains (d)	13		78		61		55		70		N/M		N/M		152		104		N/M
Disposal gains	37		—		—		—		7		N/M		N/M		37		13		N/M
Expense reimbursements from joint venture	27		26		27		23		25		N/M		N/M		80		73		N/M
Other income	4		6		12		5		14		N/M		N/M		22		41		N/M
Net securities gains	1		—		4		1		2		N/M		N/M		5		4		N/M
Total investment and other revenue	117		91		70		107		129		N/M		N/M		278		229		N/M
Total fee and other revenue	$	3,353	$	3,430	$	3,228	$	3,338	$	3,394	(2)	%	(1)	%	$	10,011	$	9,975	—	%
(a) Excludes seed capital gains (losses) related to consolidated investment management funds.
(b) On a constant currency basis (Non-GAAP), investment management and performance fees decreased 8% compared with 3Q21. See "Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure.
(c) Includes gains (losses) on investments in BNY Mellon funds which hedge deferred incentive awards.
(d) Includes strategic equity, private equity and other investments.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
AVERAGE BALANCES AND INTEREST RATES
	3Q22				2Q22				1Q22				4Q21				3Q21
	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	$	91,836	1.23	%	$	102,844	0.38	%	$	100,303	0.01	%	$	105,065	(0.06)	%	$	108,110	(0.07)	%
Interest-bearing deposits with banks	16,298		1.62		18,097		0.74		17,181		0.33		18,818		0.23		20,465		0.22
Federal funds sold and securities purchased under resale agreements (a)	22,971		5.55		24,212		1.91		27,006		0.56		27,780		0.45		29,304		0.44
Loans	68,082		3.39		69,036		2.15		66,810		1.57		64,650		1.55		61,206		1.55
Securities:
U.S. government obligations	40,829		1.75		41,267		1.07		40,868		0.74		39,169		0.73		36,255		0.73
U.S. government agency obligations	62,819		1.91		64,939		1.59		67,055		1.46		69,691		1.35		70,199		1.34
State and political subdivisions (b)	1,982		2.39		2,065		2.13		2,337		2.16		2,569		2.11		2,628		2.07
Other securities (b)	42,642		1.90		43,635		1.31		45,541		1.02		47,493		0.97		47,334		0.94
Total investment securities (b)	148,272		1.87		151,906		1.37		155,801		1.15		158,922		1.10		156,416		1.09
Trading securities (b)	4,603		3.06		4,687		1.91		6,085		1.43		6,447		0.93		5,564		0.53
Total securities (b)	152,875		1.91		156,593		1.39		161,886		1.16		165,369		1.09		161,980		1.07
Total interest-earning assets (b)	$	352,062	2.24	%	$	370,782	1.25	%	$	373,186	0.84	%	$	381,682	0.76	%	$	381,065	0.73	%
Noninterest-earning assets	63,608				66,841				67,016				67,956				65,696
Total assets	$	415,670			$	437,623			$	440,202			$	449,638			$	446,761

Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits	$	203,659	0.95	%	$	219,124	0.16	%	$	223,243	(0.07)	%	$	231,086	(0.08)	%	$	233,363	(0.08)	%
Federal funds purchased and securities sold under repurchase agreements (a)	12,297		8.05		12,610		2.47		12,864		0.36		12,421		0.07		13,415		0.08
Trading liabilities	3,550		2.52		3,231		1.25		3,372		0.53		3,019		0.28		2,821		0.11
Other borrowed funds	504		1.15		437		2.14		458		2.36		517		1.80		383		2.53
Commercial paper	5		2.34		5		1.61		4		0.09		—		—		11		0.07
Payables to customers and broker-dealers	18,030		1.07		16,592		0.21		16,661		0.01		16,414		(0.01)		16,648		(0.01)
Long-term debt	28,449		3.43		26,195		2.22		25,588		1.53		25,932		1.36		25,751		1.39
Total interest-bearing liabilities	$	266,494	1.57	%	$	278,194	0.48	%	$	282,190	0.11	%	$	289,389	0.07	%	$	292,392	0.07	%
Total noninterest-bearing deposits	84,804				91,893				90,179				91,535				85,581
Other noninterest-bearing liabilities	23,547				26,354				25,419				25,481				24,164
Total The Bank of New York Mellon Corporation shareholders’ equity	40,780				41,037				42,201				42,968				44,296
Noncontrolling interests	45				145				213				265				328
Total liabilities and equity	$	415,670			$	437,623			$	440,202			$	449,638			$	446,761
Net interest margin			1.05	%			0.89	%			0.75	%			0.71	%			0.67	%
Net interest margin (FTE) – Non-GAAP (c)			1.05	%			0.89	%			0.76	%			0.71	%			0.68	%
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $35 billion for 3Q22, $33 billion for 2Q22, $53 billion for 1Q22, $54 billion for 4Q21 and $47 billion for 3Q21. 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 2.21% for 3Q22, 0.80% for 2Q22, 0.19% for 1Q22, 0.15% for 4Q21 and 0.17% for 3Q21. 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 2.11% for 3Q22, 0.68% for 2Q22, 0.07% for 1Q22, 0.01% for 4Q21 and 0.02% for 3Q21. We believe providing the rates excluding the impact of netting is useful to investors as it is more reflective of the actual rates earned and paid.
(b) Average rates were calculated on an FTE basis, at tax rates of approximately 21%.
(c) See "Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure.


THE BANK OF NEW YORK MELLON CORPORATION
CAPITAL AND LIQUIDITY

	2022									2021
(dollars in millions)	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
Consolidated regulatory capital ratios (a)
Standardized Approach:
CET1 capital	$	16,726		$	17,067		$	17,579		$	18,746		$	19,844
Tier 1 capital	21,494			21,824			22,335			23,485			24,292
Total capital	23,008			23,366			23,835			24,972			25,816
Risk-weighted assets	167,276			169,710			173,629			167,608			169,216

CET1 ratio	10.0		%	10.1		%	10.1		%	11.2		%	11.7		%
Tier 1 capital ratio	12.8			12.9			12.9			14.0			14.4
Total capital ratio	13.8			13.8			13.7			14.9			15.3

Advanced Approaches:
CET1 capital	$	16,726		$	17,067		$	17,579		$	18,746		$	19,844
Tier 1 capital	21,494			21,824			22,335			23,485			24,292
Total capital	22,757			23,112			23,582			24,722			25,534
Risk-weighted assets	165,739			169,919			169,091			165,067			167,607

CET1 ratio	10.1		%	10.0		%	10.4		%	11.4		%	11.8		%
Tier 1 capital ratio	13.0			12.8			13.2			14.2			14.5
Total capital ratio	13.7			13.6			13.9			15.0			15.2

Tier 1 leverage ratio:
Average assets for Tier 1 leverage ratio	$	397,427		$	418,467		$	420,778		$	430,102		$	427,461
Tier 1 leverage ratio	5.4		%	5.2		%	5.3		%	5.5		%	5.7		%

SLR:
Leverage exposure	$	340,312		$	351,552		$	361,464		$	354,033		$	347,856
SLR	6.3		%	6.2		%	6.2		%	6.6		%	7.0		%

Average liquidity coverage ratio	116		%	111		%	109		%	109		%	111		%
(a) Regulatory capital ratios for Sept. 30, 2022 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for Sept. 30, 2022 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, for June 30, 2022 was the Advanced Approaches, for March 31, 2022 and Dec. 31, 2021 was the Standardized Approach, and for Sept. 30, 2021 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT

																3Q22 vs.										YTD22 vs.
(dollars in millions)	3Q22			2Q22			1Q22			4Q21			3Q21			2Q22		3Q21		YTD22			YTD21			YTD21
Revenue:
Investment services fees:
Asset Servicing	$	953		$	995		$	999		$	984		$	979		(4)	%	(3)	%	$	2,947		$	2,892		2	%
Issuer Services	288			309			141			253			281			(7)		2		738			808			(9)
Total investment services fees	1,241			1,304			1,140			1,237			1,260			(5)		(2)		3,685			3,700			—
Foreign exchange revenue	132			155			148			148			125			(15)		6		435			426			2
Other fees (a)	52			54			41			28			30			(4)		73		147			85			73
Total fee revenue	1,425			1,513			1,329			1,413			1,415			(6)		1		4,267			4,211			1
Investment and other revenue	111			36			74			53			73			N/M		N/M		221			141			N/M
Total fee and other revenue	1,536			1,549			1,403			1,466			1,488			(1)		3		4,488			4,352			3
Net interest revenue	538			457			377			367			349			18		54		1,372			1,059			30
Total revenue	2,074			2,006			1,780			1,833			1,837			3		13		5,860			5,411			8
Provision for credit losses	(6)			13			(10)			(7)			(19)			N/M		N/M		(3)			(127)			N/M
Noninterest expense (ex. amortization of intangible assets)	1,549			1,647			1,502			1,481			1,535			(6)		1		4,698			4,339			8
Amortization of intangible assets	8			9			8			9			8			(11)		—		25			23			9
Total noninterest expense	1,557			1,656			1,510			1,490			1,543			(6)		1		4,723			4,362			8
Income before income taxes	$	523		$	337		$	280		$	350		$	313		55	%	67	%	$	1,140		$	1,176		(3)	%


Total revenue by line of business:
Asset Servicing	$	1,596		$	1,534		$	1,512		$	1,456		$	1,437		4	%	11	%	$	4,642		$	4,243		9	%
Issuer Services	478			472			268			377			400			1		20		1,218			1,168			4
Total revenue by line of business	$	2,074		$	2,006		$	1,780		$	1,833		$	1,837		3	%	13	%	$	5,860		$	5,411		8	%

Financial ratios:
Pre-tax operating margin	25		%	17		%	16		%	19		%	17		%					19		%	22		%

Memo: Securities lending revenue (b)	$	48		$	45		$	39		$	45		$	45		7	%	7	%	$	132		$	128		3	%
(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.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT

											3Q22 vs.								YTD22 vs.
(dollars in millions, unless otherwise noted)	3Q22		2Q22		1Q22		4Q21		3Q21		2Q22		3Q21		YTD22		YTD21		YTD21
Selected balance sheet data:
Average loans	$	11,573	$	11,386	$	10,150	$	9,764	$	8,389	2	%	38	%	$	11,042	$	8,416	31	%
Average assets (a)	$	203,063	$	219,797	$	220,889	$	229,511	$	226,930	(8)	%	(11)	%	$	214,518	$	228,714	(6)	%
Average deposits	$	176,328	$	191,191	$	192,156	$	200,272	$	198,680	(8)	%	(11)	%	$	186,500	$	200,553	(7)	%

Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	30.0	$	31.0	$	33.7	$	34.6	$	33.8	(3)	%	(11)	%
Market value of securities on loan at period end (in billions) (d)	$	435	$	441	$	449	$	447	$	443	(1)	%	(2)	%
(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) Sept. 30, 2022 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 $1.4 trillion at Sept. 30, 2022, $1.5 trillion at June 30, 2022 and $1.7 trillion at March 31, 2022, Dec. 31, 2021 and Sept. 30, 2021.
(d) Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $75 billion at Sept. 30, 2022, $70 billion at June 30, 2022, $78 billion at March 31, 2022, $71 billion at Dec. 31, 2021 and $68 billion at Sept. 30, 2021.


THE BANK OF NEW YORK MELLON CORPORATION
MARKET AND WEALTH SERVICES BUSINESS SEGMENT

																3Q22 vs.										YTD22 vs.
(dollars in millions)	3Q22			2Q22			1Q22			4Q21			3Q21			2Q22		3Q21		YTD22			YTD21			YTD21
Revenue:
Investment services fees:
Pershing	$	494		$	479		$	433		$	412		$	427		3	%	16	%	$	1,406		$	1,325		6	%
Treasury Services	173			176			170			170			168			(2)		3		519			492			5
Clearance and Collateral Management	239			240			243			236			228			—		5		722			682			6
Total investment services fees	906			895			846			818			823			1		10		2,647			2,499			6
Foreign exchange revenue	20			22			26			21			23			(9)		(13)		68			67			1
Other fees (a)	49			46			34			31			31			7		58		129			100			29
Total fee revenue	975			963			906			870			877			1		11		2,844			2,666			7
Investment and other revenue	14			11			—			6			13			N/M		N/M		25			41			N/M
Total fee and other revenue	989			974			906			876			890			2		11		2,869			2,707			6
Net interest revenue	378			340			296			297			283			11		34		1,014			861			18
Total revenue	1,367			1,314			1,202			1,173			1,173			4		17		3,883			3,568			9
Provision for credit losses	(1)			4			(2)			(3)			(16)			N/M		N/M		1			(64)			N/M
Noninterest expense (ex. amortization of intangible assets)	735			700			706			670			665			5		11		2,141			1,985			8
Amortization of intangible assets	2			2			2			4			3			—		(33)		6			17			(65)
Total noninterest expense	737			702			708			674			668			5		10		2,147			2,002			7
Income before income taxes	$	631		$	608		$	496		$	502		$	521		4	%	21	%	$	1,735		$	1,630		6	%


Total revenue by line of business:
Pershing	$	658		$	636		$	570		$	553		$	566		3	%	16	%	$	1,864		$	1,761		6	%
Treasury Services	390			373			338			331			326			5		20		1,101			962			14
Clearance and Collateral Management	319			305			294			289			281			5		14		918			845			9
Total revenue by line of business	$	1,367		$	1,314		$	1,202		$	1,173		$	1,173		4	%	17	%	$	3,883		$	3,568		9	%


Financial ratios:
Pre-tax operating margin	46		%	46		%	41		%	43		%	44		%					45		%	46		%
(a) Other fees primarily include financing-related fees.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
MARKET AND WEALTH SERVICES BUSINESS SEGMENT

											3Q22 vs.								YTD22 vs.
(dollars in millions, unless otherwise noted)	3Q22		2Q22		1Q22		4Q21		3Q21		2Q22		3Q21		YTD22		YTD21		YTD21
Selected balance sheet data:
Average loans	$	40,882	$	42,391	$	42,113	$	40,812	$	39,041	(4)	%	5	%	$	41,791	$	37,513	11	%
Average assets (a)	$	138,204	$	141,952	$	141,183	$	143,816	$	143,630	(3)	%	(4)	%	$	140,435	$	145,562	(4)	%
Average deposits	$	90,612	$	94,716	$	95,704	$	100,653	$	101,253	(4)	%	(11)	%	$	93,658	$	103,720	(10)	%

Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	12.0	$	11.8	$	11.6	$	11.8	$	11.2	2	%	7	%

Pershing
AUC/A at period end (in trillions) (b)	$	2.1	$	2.2	$	2.5	$	2.6	$	2.6	(5)	%	(19)	%
Net new assets (U.S. platform) (in billions) (d)	$	45	$	16	$	18	$	69	$	13	N/M		N/M
Average active clearing accounts (in thousands)	7,466		7,432		7,432		7,334		7,259		—	%	3	%

Treasury Services
Average daily U.S. dollar payment volumes	234,468		237,763		240,403		245,634		232,144		(1)	%	1	%

Clearance and Collateral Management
Average tri-party collateral management balances (in billions)	$	5,457	$	5,207	$	5,026	$	4,972	$	4,516	5	%	21	%
(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) Sept. 30, 2022 information is preliminary.
(c) Consists of AUC/A from the Clearance and Collateral Management and Pershing lines of business.
(d) Net new assets represent net flows of assets (e.g., net cash deposits and net securities transfers, including dividends and interest) in customer accounts in Pershing LLC, a U.S. broker-dealer.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT

																3Q22 vs.										YTD22 vs.
(dollars in millions)	3Q22			2Q22			1Q22			4Q21			3Q21			2Q22		3Q21		YTD22			YTD21			YTD21
Revenue:
Investment management fees	$	788		$	825		$	848		$	864		$	893		(4)	%	(12)	%	$	2,461		$	2,619		(6)	%
Performance fees	10			5			34			32			21			N/M		(52)		49			75			(35)
Investment management and performance fees (a)	798			830			882			896			914			(4)		(13)		2,510			2,694			(7)
Distribution and servicing fees	55			51			32			28			28			8		96		138			84			64
Other fees (b)	(45)			(31)			1			22			20			N/M		N/M		(75)			58			N/M
Total fee revenue	808			850			915			946			962			(5)		(16)		2,573			2,836			(9)
Investment and other revenue (c)	(3)			(13)			(8)			23			23			N/M		N/M		(24)			44			N/M
Total fee and other revenue (c)	805			837			907			969			985			(4)		(18)		2,549			2,880			(11)
Net interest revenue	57			62			57			51			47			(8)		21		176			142			24
Total revenue	862			899			964			1,020			1,032			(4)		(16)		2,725			3,022			(10)
Provision for credit losses	3			—			(3)			(6)			(7)			N/M		N/M		—			(7)			N/M
Noninterest expense (ex. goodwill impairment and amortization of intangible assets)	669			685			748			741			684			(2)		(2)		2,102			2,055			2
Goodwill impairment	680			—			—			—			—			N/M		N/M		680			—			N/M
Amortization of intangible assets	7			6			7			7			7			17		—		20			22			(9)
Total noninterest expense	1,356			691			755			748			691			96		96		2,802			2,077			35
(Loss) income before income taxes	$	(497)		$	208		$	212		$	278		$	348		(339)	%	(243)	%	$	(77)		$	952		(108)	%


Total revenue by line of business:
Investment Management	$	579		$	603		$	658		$	709		$	727		(4)	%	(20)	%	$	1,840		$	2,125		(13)	%
Wealth Management	283			296			306			311			305			(4)		(7)		885			897			(1)
Total revenue by line of business	$	862		$	899		$	964		$	1,020		$	1,032		(4)	%	(16)	%	$	2,725		$	3,022		(10)	%

Financial ratios:
Pre-tax operating margin	(57)		%	23		%	22		%	27		%	34		%					(3)		%	31		%
Adjusted pre-tax operating margin – Non-GAAP (d)	(64)		%	26		%	24		%	29		%	36		%					(3)		%	34		%

Selected balance sheet data:
Average loans	$	14,482		$	14,087		$	13,228		$	12,737		$	12,248		3	%	18	%	$	13,937		$	11,912		17	%
Average assets (e)	$	29,996		$	33,668		$	35,629		$	31,306		$	30,195		(11)	%	(1)	%	$	33,077		$	30,870		7	%
Average deposits	$	17,225		$	20,802		$	22,501		$	18,374		$	17,270		(17)	%	—	%	$	20,157		$	17,964		12	%
(a) On a constant currency basis, investment management and performance fees decreased 8% (Non-GAAP) compared with 3Q21. See "Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 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) Net of distribution and servicing expense. See "Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure.
(e) 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.


THE BANK OF NEW YORK MELLON CORPORATION
AUM BY PRODUCT TYPE, CHANGES IN AUM AND WEALTH MANAGEMENT CLIENT ASSETS

											3Q22 vs.								YTD22 vs.
(dollars in billions)	3Q22		2Q22		1Q22		4Q21		3Q21		2Q22		3Q21		YTD22		YTD21		YTD21
AUM by product type (a)(b):
Equity	$	125	$	139	$	168	$	187	$	180	(10)	%	(31)	%
Fixed income	205		226		248		267		269		(9)		(24)
Index	366		387		440		467		436		(5)		(16)
Liability-driven investments	546		641		812		890		843		(15)		(35)
Multi-asset and alternative investments	181		188		215		228		218		(4)		(17)
Cash	353		356		383		395		364		(1)		(3)
Total AUM	$	1,776	$	1,937	$	2,266	$	2,434	$	2,310	(8)	%	(23)	%

Changes in AUM (a)(b):
Beginning balance of AUM	$	1,937	$	2,266	$	2,434	$	2,310	$	2,320					$	2,434	$	2,211
Net inflows (outflows):
Long-term strategies:
Equity	(5)		(4)		(4)		(4)		(5)						(13)		(8)
Fixed income	(3)		(1)		(5)		—		1						(9)		17
Liability-driven investments	30		12		17		1		16						59		35
Multi-asset and alternative investments	2		(5)		(4)		1		(2)						(7)		(3)
Total long-term active strategies inflows (outflows)	24		2		4		(2)		10						30		41
Index	(1)		12		(5)		(2)		(3)						6		(5)
Total long-term strategies inflows (outflows)	23		14		(1)		(4)		7						36		36
Short-term strategies:
Cash	(2)		(26)		(11)		31		7						(39)		39
Total net inflows (outflows)	21		(12)		(12)		27		14						(3)		75
Net market impact	(118)		(241)		(130)		96		4						(489)		47
Net currency impact	(64)		(76)		(26)		1		(28)						(166)		(23)

Ending balance of AUM	$	1,776	$	1,937	$	2,266	$	2,434	$	2,310	(8)	%	(23)	%	$	1,776	$	2,310	(23)	%

Wealth Management client assets (a)(c)	$	256	$	264	$	305	$	321	$	307	(3)	%	(17)	%
(a) Sept. 30, 2022 information is preliminary.
(b) Excludes assets managed outside of the Investment and Wealth Management business segment.
(c) Includes AUM and AUC/A in the Wealth Management line of business.


THE BANK OF NEW YORK MELLON CORPORATION
OTHER SEGMENT

(in millions)	3Q22		2Q22		1Q22		4Q21		3Q21		YTD22		YTD21
Revenue:
Fee revenue	$	28	$	13	$	8	$	2	$	12	$	49	$	34
Investment and other revenue	(5)		62		12		19		23		69		(4)
Total fee and other revenue	23		75		20		21		35		118		30
Net interest (expense)	(47)		(35)		(32)		(38)		(38)		(114)		(121)
Total revenue	(24)		40		(12)		(17)		(3)		4		(91)
Provision for credit losses	(26)		30		17		(1)		(3)		21		(16)
Noninterest expense	29		63		33		55		16		125		106
(Loss) before taxes	$	(27)	$	(53)	$	(62)	$	(71)	$	(16)	$	(142)	$	(181)


Selected balance sheet data:
Average loans and leases	$	1,145	$	1,172	$	1,319	$	1,337	$	1,528	$	1,210	$	1,680
Average assets	$	44,407	$	42,206	$	42,501	$	45,005	$	46,006	$	43,044	$	47,960


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES PORTFOLIO

(dollars in millions)	June 30, 2022			3Q22 change in unrealized gain (loss)		Sept. 30, 2022					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
U.S. Treasury	$	42,547		$	(426)	$	41,617	$	40,031		96	%	$	(1,586)		56	%	100	%	—	%	—	%	—	%	—	%
Agency RMBS	42,241			(1,839)		44,081		39,035			89		(5,046)			15		100		—		—		—		—
Agency commercial MBS	12,257			(294)		12,840		12,005			93		(835)			41		100		—		—		—		—
Sovereign debt/sovereign guaranteed	12,577			(259)		12,280		11,697			95		(583)			20		88		5		6		1		—
Supranational	7,949			(112)		8,429		8,135			97		(294)			62		100		—		—		—		—
CLOs	6,046			(43)		6,408		6,181			96		(227)			100		99		—		—		—		1
U.S. government agencies	5,671			(186)		6,386		5,807			91		(579)			35		100		—		—		—		—
Foreign covered bonds	5,831			(74)		5,546		5,293			95		(253)			54		100		—		—		—		—
Non-agency commercial MBS	3,045			(69)		3,270		2,976			91		(294)			52		100		—		—		—		—
Foreign government agencies	2,599			(20)		2,509		2,404			96		(105)			29		92		8		—		—		—
Non-agency RMBS	2,346			(62)		2,306		2,143			93		(163)			50		85		3		—		8		4
State and political subdivisions	2,049			(59)		2,200		1,914			87		(286)			25		90		9		—		—		1
Other asset-backed securities	1,668			(26)		1,594		1,465			92		(129)			19		100		—		—		—		—
Corporate bonds	1,342			(26)		1,409		1,270			90		(139)			47		17		68		15		—		—
Other	1			—		1		1			100		—			—		—		—		—		—		100
Total securities	$	148,169	(d)	$	(3,495)	$	150,876	$	140,357	(d)(e)	93	%	$	(10,519)	(d)(f)	40	%	98	%	1	%	1	%	—	%	—	%
(a) Amortized cost reflects historical impairments, 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 net unrealized gains on derivatives hedging securities available-for-sale (including terminated hedges) of $1,764 million at June 30, 2022 and $2,948 million at Sept. 30, 2022.
(e) The fair value of available-for-sale securities totaled $89,872 million at Sept. 30, 2022, net of hedges, or 64% of the fair value of the securities portfolio, net of hedges. The fair value of the held-to-maturity securities totaled $50,485 million at Sept. 30, 2022, or 36% of the fair value of the securities portfolio, net of hedges.
(f) At Sept. 30, 2022, net unrealized losses of $3,747 million related to available-for-sale securities, net of hedges, and $6,772 million related to held-to-maturity securities.
Note: The amortizable purchase premium (net of discount) relating to securities was $1,387 million at Sept. 30, 2022 and the amortization of that net purchase premium was $81 million in 3Q22.


THE BANK OF NEW YORK MELLON CORPORATION
ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS

	2022									2021
(dollars in millions)	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
Allowance for credit losses – beginning of period:
Allowance for loan losses	$	181		$	171		$	196		$	233		$	269
Allowance for lending-related commitments	62			53			45			40			50
Allowance for other financial instruments (a)	67			39			19			18			16
Allowance for credit losses – beginning of period	$	310		$	263		$	260		$	291		$	335

Net (charge-offs) recoveries:
Charge-offs	(1)			(1)			—			(16)			—
Recoveries	1			1			1			2			1
Total net (charge-offs) recoveries	—			—			1			(14)			1
Provision for credit losses (b)	(30)			47			2			(17)			(45)
Allowance for credit losses – end of period	$	280		$	310		$	263		$	260		$	291

Allowance for credit losses – end of period:
Allowance for loan losses	$	164		$	181		$	171		$	196		$	233
Allowance for lending-related commitments	72			62			53			45			40
Allowance for other financial instruments (a)	44			67			39			19			18
Allowance for credit losses – end of period	$	280		$	310		$	263		$	260		$	291

Allowance for loan losses as a percentage of total loans	0.23		%	0.26		%	0.25		%	0.29		%	0.36		%

Nonperforming assets	$	107		$	114		$	119		$	120		$	108
(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 other instruments within the scope of ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments.


THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES

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

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

The presentation of the growth rates of investment management and performance fees on a constant currency basis permits investors to assess the significance of changes in foreign currency exchange rates. Growth rates on a constant currency basis were determined by applying the current period foreign currency exchange rates to the prior period revenue. We believe that this presentation, as a supplement to GAAP information, gives investors a clearer picture of the related revenue results without the variability caused by fluctuations in foreign currency exchange rates.

Notes:


Return on common and tangible common equity ratios are annualized.



Return on common equity and tangible common equity reconciliation
(dollars in millions)	3Q22			2Q22			1Q22			4Q21			3Q21			YTD22			YTD21
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	319		$	835		$	699		$	822		$	881		$	1,853		$	2,730
Add: Amortization of intangible assets	17			17			17			19			19			51			63
Less: Tax impact of amortization of intangible assets	4			4			4			5			4			12			15
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	332		$	848		$	712		$	836		$	896		$	1,892		$	2,778

Average common shareholders’ equity	$	35,942		$	36,199		$	37,363		$	37,941		$	39,755		$	36,483		$	40,286
Less: Average goodwill	17,189			17,347			17,490			17,481			17,474			17,341			17,495
Average intangible assets	2,922			2,949			2,979			2,988			2,953			2,950			2,976
Add: Deferred tax liability – tax deductible goodwill	1,175			1,187			1,184			1,178			1,173			1,175			1,173
Deferred tax liability – intangible assets	660			668			673			676			673			660			673
Average tangible common shareholders’ equity – Non-GAAP	$	17,666		$	17,758		$	18,751		$	19,326		$	21,174		$	18,027		$	21,661

Return on common equity – GAAP	3.5		%	9.3		%	7.6		%	8.6		%	8.8		%	6.8		%	9.1		%
Return on tangible common equity – Non-GAAP	7.5		%	19.2		%	15.4		%	17.2		%	16.8		%	14.0		%	17.1		%


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	2022									2021
(dollars in millions, except common shares and unless otherwise noted)	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
BNY Mellon shareholders’ equity at period end – GAAP	$	39,737		$	40,984		$	41,799		$	43,034		$	43,601
Less: Preferred stock	4,838			4,838			4,838			4,838			4,541
BNY Mellon common shareholders’ equity at period end – GAAP	34,899			36,146			36,961			38,196			39,060
Less: Goodwill	16,412			17,271			17,462			17,512			17,420
Intangible assets	2,902			2,934			2,968			2,991			2,941
Add: Deferred tax liability – tax deductible goodwill	1,175			1,187			1,184			1,178			1,173
Deferred tax liability – intangible assets	660			668			673			676			673
BNY Mellon tangible common shareholders’ equity at period end – Non-GAAP	$	17,420		$	17,796		$	18,388		$	19,547		$	20,545

Period-end common shares outstanding (in thousands)	808,280			808,103			807,798			804,145			825,821

Book value per common share – GAAP	$	43.18		$	44.73		$	45.76		$	47.50		$	47.30
Tangible book value per common share – Non-GAAP	$	21.55		$	22.02		$	22.76		$	24.31		$	24.88



Net interest margin reconciliation
(dollars in millions)	3Q22			2Q22			1Q22			4Q21			3Q21
Net interest revenue – GAAP	$	926		$	824		$	698		$	677		$	641
Add: Tax equivalent adjustment	3			3			3			4			3
Net interest revenue (FTE) – Non-GAAP	$	929		$	827		$	701		$	681		$	644

Average interest-earning assets	$	352,062		$	370,782		$	373,186		$	381,682		$	381,065

Net interest margin – GAAP (a)	1.05		%	0.89		%	0.75		%	0.71		%	0.67		%
Net interest margin (FTE) – Non-GAAP (a)	1.05		%	0.89		%	0.76		%	0.71		%	0.68		%
(a) Net interest margin is annualized.


THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Pre-tax operating margin reconciliation - Investment and Wealth Management business segment
(dollars in millions)	3Q22			2Q22			1Q22			4Q21			3Q21			YTD22			YTD21
Income before income taxes – GAAP	$	(497)		$	208		$	212		$	278		$	348		$	(77)		$	952

Total revenue – GAAP	$	862		$	899		$	964		$	1,020		$	1,032		$	2,725		$	3,022
Less: Distribution and servicing expense	88			91			79			75			76			258			225
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP	$	774		$	808		$	885		$	945		$	956		$	2,467		$	2,797

Pre-tax operating margin – GAAP (a)	(57)		%	23		%	22		%	27		%	34		%	(3)		%	31		%
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a)	(64)		%	26		%	24		%	29		%	36		%	(3)		%	34		%
(a) Income before income taxes divided by total revenue.



Constant currency reconciliations							3Q22 vs.
(dollars in millions)	3Q22			3Q21			3Q21
Consolidated:
Investment management and performance fees – GAAP	$	800		$	913		(12)		%
Impact of changes in foreign currency exchange rates	—			(48)
Adjusted investment management and performance fees – Non-GAAP	$	800		$	865		(8)		%


Investment and Wealth Management business segment:
Investment management and performance fees – GAAP	$	798		$	914		(13)		%
Impact of changes in foreign currency exchange rates	—			(48)
Adjusted investment management and performance fees – Non-GAAP	$	798		$	866		(8)		%

3Q22 Financial Highlights O C T O B E R 1 7 , 2 0 2 2

2 3Q22 Financial Highlights Revenue $4,279mm $0.39 Pre-tax income $630mm Pre-tax margin Returns Capital ratios ROE: 3.5% ROTCE: 7.5% T1L: 5.4% CET1: 10.0% • Revenue up 6% YoY, up 5%(a) excluding the impact of notable items – Fee revenue down 1% YoY – Net interest revenue up 44% YoY • Expense up 26% YoY, up 4%(a) excluding the impact of notable items – Recorded a $680mm non-cash goodwill impairment charge(c) • Provision for credit losses was a benefit of $30mm compared to a provision benefit of $45mm in 3Q21 • Average loans up 11% YoY and down 1% QoQ • Average deposits down 10% YoY and down 7% QoQ • Returned $0.3bn to common shareholders in dividends (a) Represents a non-GAAP measure. See pages 14 and 15 in the Appendix for the corresponding reconciliation of the non-GAAP measures of revenue, revenue growth, expense growth, pre-tax income, earnings per share, pre-tax margin, ROE and ROTCE excluding notable items. (b) Represents a non-GAAP measure. See page 17 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE. (c) Impairment of goodwill associated with the Investment Management reporting unit, which was driven by lower market values and a higher discount rate. This goodwill impairment represents a non-cash charge and did not affect BNY Mellon’s liquidity position, tangible common equity or regulatory capital ratios. $1.21 EPS (a) (b) Reported Excluding notable items $4,242mm Reported ReportedReported Reported $1,307mm 31%15% (a) (a) (a) (a) (a) 10.9% 22.4% Excluding notable items Excluding notable items Excluding notable items Excluding notable items (c) (c)

3 3Q22 vs. $mm, except per share data or unless otherwise noted 3Q22 2Q22 3Q21 2Q22 3Q21 Fee revenue $3,236 $3,339 $3,265 (3)% (1)% Investment and other revenue 117 91 129 N/M N/M Net interest revenue 926 824 641 12% 44% Total revenue $4,279 $4,254 $4,035 1% 6% Provision for credit losses (30) 47 (45) N/M N/M Noninterest expense 3,679 3,112 2,918 18% 26% Income before income taxes $630 $1,095 $1,162 (42)% (46)% Net income applicable to common shareholders $319 $835 $881 (62)% (64)% EPS $0.39 $1.03 $1.04 (62)% (63)% Avg. common shares and equivalents outstanding (mm) – diluted 815 814 849 — (4)% Operating leverage(a) N/M N/M Pre-tax margin 15% 26% 29% ROE 3.5% 9.3% 8.8% ROTCE(b) 7.5% 19.2% 16.8% Increase / (decrease) Revenue Expense EPS 3Q22 37 714 $(0.81) 2Q22 — 103 $(0.12) 3Q21 9 73 $(0.05) (a) Note: See page 12 in the Appendix for corresponding footnotes. (b) Represents a non-GAAP measure. See page 17 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE. (c) Represents a non-GAAP measure. See pages 14 and 15 in the Appendix for the corresponding reconciliation of the non-GAAP measures of expense growth, earnings per share, operating leverage, pre-tax margin, ROE and ROTCE excluding notable items. N/M – not meaningful. 3Q22 Financial Results Notable items impacting the quarter Impact of goodwill impairment, a disposal gain, severance expense and litigation reserves Impact of higher litigation reserves Impact of litigation reserves, gains on disposals and severance expense Down 1%(c) excluding notable items Up 4%(c) excluding notable items Up 5%(c) excluding notable items Up 11%(c) excluding notable items +115 bps(c) excluding notable items Excluding notable items 31%(c) 10.9%(c) 22.4%(c)

4 3Q22 2Q22 3Q21 Consolidated regulatory capital ratios:(a) Tier 1 leverage ratio 5.4% 5.2% 5.7% Supplementary leverage ratio ("SLR") 6.3 6.2 7.0 Common Equity Tier 1 ratio – Advanced Approaches 10.1 10.0 11.8 Common Equity Tier 1 ratio – Standardized Approach 10.0 10.1 11.7 Consolidated regulatory liquidity ratios: Liquidity coverage ratio ("LCR") 116% 111% 111% Cash dividends per common share $0.37 $0.34 $0.34 Common stock dividends ($mm) $303 $279 $296 Common stock repurchases ($mm) 2 3 2,001 Book value per common share $43.18 $44.73 $47.30 Tangible book value per common share(b) 21.55 22.02 24.88 Common shares outstanding (mm) 808 808 826 Capital and Liquidity Note: See page 12 in the Appendix for corresponding footnotes.

5 3Q22 vs. $bn, avg. 3Q22 2Q22 3Q21 Deposits: Noninterest-bearing $85 (8)% (1)% Interest-bearing 204 (7)% (13)% Total deposits $288 (7)% (10)% Interest-earning assets: Cash and reverse repo 131 (10)% (17)% Loans 68 (1)% 11% Investment securities: HQLA 121 (2)% (4)% Non-HQLA 27 (3)% (9)% Total investment securities $148 (2)% (5)% Total interest-earning assets $352 (5)% (8)% Net Interest Revenue and Balance Sheet Trends N e t I n t e r e s t R e v e n u e ( $ m m ) +12% +44% • Avg. deposits of $288bn down 7% QoQ • Avg. interest-earning assets of $352bn down 5% QoQ • Net interest revenue of $926mm up 12% QoQ, primarily reflects higher interest rates on interest-earning assets, partially offset by higher funding expense 641 824 926 3Q21 2Q22 3Q22

6 3Q22 vs. $mm, unless otherwise noted 3Q22 2Q22 3Q21 Staff $1,673 3% 6% Software and equipment 421 4% 13% Professional, legal and other purchased services 363 (4)% — Sub-custodian and clearing 124 (5)% (4)% Net occupancy 124 (1)% 3% Distribution and servicing 88 (2)% 16% Bank assessment charges 35 (5)% 3% Business development 34 (21)% 55% Goodwill impairment 680 N/M N/M Amortization of intangible assets 17 — (11)% Other 120 (54)% (40)% Total noninterest expense $3,679 18% 26% Noninterest Expense • Noninterest expense up 26% YoY, primarily reflecting goodwill impairment in the Investment Management reporting unit – Excluding notable items, noninterest expense up 4%(a), primarily reflecting higher investments in growth, infrastructure and efficiency initiatives and higher revenue-related expenses, as well as the impact of inflation, partially offset by the favorable impact of a stronger U.S. dollar – Distribution and servicing expense up 16%, driven by higher distribution costs associated with money market funds – Business development expense increase driven by normalization of travel and entertainment – Other expense decrease largely driven by higher litigation reserves in 3Q21 • Noninterest expense up 18% QoQ, excluding notable items, noninterest expense down 1%(a) (a) Represents a non-GAAP measure. See page 14 in the Appendix for the corresponding reconciliation of the non-GAAP measures of expense growth excluding notable items. Up 4%(a) excluding notable items Down 1%(a) excluding notable items

7 3Q22 vs. $mm, unless otherwise noted 3Q22 2Q22 3Q21 Total revenue by line of business: Asset Servicing $1,596 4% 11% Issuer Services 478 1% 20% Total revenue $2,074 3% 13% Provision for credit losses (6) N/M N/M Noninterest expense 1,557 (6)% 1% Income before income taxes $523 55% 67% Fee revenue 1,425 (6)% 1% Net interest revenue 538 18% 54% Foreign exchange revenue 132 (15)% 6% Securities lending revenue(a) 48 7% 7% Financial ratios, balance sheet data and metrics: Pre-tax margin 25% 836 bps 808 bps AUC/A ($trn, period end)(b)(c) $30.0 (3)% (11)% Deposits ($bn, avg.) $176 (8)% (11)% Market value of securities on loan ($bn, period end)(d) $435 (1)% (2)% • Total revenue of $2,074mm up 13% YoY – Asset Servicing up 11%% YoY, primarily reflecting higher net interest revenue and lower money market fee waivers, partially offset by lower market values – Issuer Services up 20% YoY, primarily reflecting higher net interest revenue and lower money market fee waivers, partially offset by the impact of lost business in the prior year in Corporate Trust and lower Depositary Receipts revenue • Noninterest expense of $1,557mm up 1% YoY, primarily reflecting higher investments in growth, infrastructure and efficiency initiatives, as well as the impact of inflation, partially offset by lower litigation reserves and the favorable impact of a stronger U.S. dollar • Income before income taxes of $523mm up 67% YoY Securities Services Note: See page 12 in the Appendix for the corresponding footnotes. N/M – not meaningful.

8 3Q22 vs. $mm, unless otherwise noted 3Q22 2Q22 3Q21 Total revenue by line of business: Pershing $658 3% 16% Treasury Services 390 5% 20% Clearance and Collateral Management 319 5% 14% Total revenue $1,367 4% 17% Provision for credit losses (1) N/M N/M Noninterest expense 737 5% 10% Income before income taxes $631 4% 21% Fee revenue 975 1% 11% Net interest revenue 378 11% 34% Financial ratios, balance sheet data and metrics: Pre-tax margin 46% (8) bps 182 bps AUC/A ($trn, end of period)(a)(b) $12.0 2% 7% Deposits ($bn, avg.) $91 (4)% (11)% Pershing: Net new assets (U.S. platform) ($bn)(c) $45 N/M N/M Avg. active clearing accounts ('000) 7,466 — 3% Treasury Services: Avg. daily U.S. dollar payment volumes ('000) 234 (1)% 1% Clearance and Collateral Management: Avg. tri-party collateral management balances ($bn) $5,457 5% 21% Market and Wealth Services • Total revenue of $1,367mm up 17% YoY – Pershing up 16% YoY, primarily reflecting lower money market fee waivers and higher client activity, partially offset by the impact of prior year lost business – Treasury Services up 20% YoY, primarily reflecting higher net interest revenue and lower money market fee waivers – Clearance and Collateral Management up 14% YoY, primarily reflecting higher net interest revenue and clearance volumes • Noninterest expense of $737mm up 10% YoY, primarily reflecting higher investments in growth, infrastructure and efficiency initiatives, as well as the impact of inflation, partially offset by the favorable impact of a stronger U.S. dollar • Income before income taxes of $631mm up 21% YoY Note: See page 12 in the Appendix for the corresponding footnotes. N/M – not meaningful.

9 • Total revenue of $862mm down 16% YoY – Investment Management down 20% YoY, primarily reflecting lower market values, the unfavorable impact of a stronger U.S. dollar, an unfavorable change in the mix of AUM, lower equity income and strategic equity investment gains recorded in 3Q21, partially offset by lower money market fee waivers – Wealth Management revenue down 7% YoY, primarily reflecting lower market values, partially offset by higher net interest revenue • Noninterest expense up 96% YoY, primarily reflecting goodwill impairment in the Investment Management reporting unit. Excluding notable items, noninterest expense down 2%(a) YoY, reflecting the favorable impact of a stronger U.S. dollar, partially offset by investments in growth initiatives and higher distribution and servicing expenses • Income before income taxes of $(497)mm down 243% YoY; excluding notable items down 48%(a) YoY • AUM of $1.8trn down 23% YoY, driven by lower market values and the unfavorable impact of a stronger U.S. dollar, partially offset by client inflows • Wealth Management client assets of $256bn down 17% YoY primarily driven by lower markets 3Q22 vs. $mm, unless otherwise noted 3Q22 2Q22 3Q21 Total revenue by line of business: Investment Management $579 (4)% (20)% Wealth Management 283 (4)% (7)% Total revenue $862 (4)% (16)% Provision for credit losses 3 N/M N/M Noninterest expense 1,356 96% 96% Income before income taxes $(497) (339)% (243)% Fee revenue 808 (5)% (16)% Net interest revenue 57 (8)% 21% Financial ratios, balance sheet data and metrics: Pre-tax margin (57)% (8,046) bps (9,113) bps Adjusted pre-tax operating margin – Non-GAAP(b) (64)% (8,957) bps (10,035) bps AUM ($bn, end of period)(c) $1,776 (8)% (23)% Loans ($bn, avg.) $14 3% 18% Deposits ($bn, avg.) 17 (17)% — Wealth Management: Client assets ($bn, end of period)(d) $256 (3)% (17)% Investment and Wealth Management (a) Represents a non-GAAP measure. See page 16 in the Appendix for the corresponding reconciliation of the non-GAAP measures of expense growth, pre-tax income growth, pre-tax margin and adjusted pre-tax operating margin excluding notable items. (b) Adjusted pre-tax operating margin is net of distribution and servicing expense. Represents a non-GAAP measure. See page 16 in the Appendix for corresponding reconciliation of the non-GAAP measure of adjusted pre-tax operating margin. Note: See page 12 in the Appendix for the corresponding footnotes (c) and (d). N/M – not meaningful. 21%(a) excluding notable items 24%(a) excluding notable items

10 $mm, unless otherwise noted 3Q22 2Q22 3Q21 Fee revenue $28 $13 $12 Investment and other revenue (5) 62 23 Net interest (expense) (47) (35) (38) Total revenue $(24) $40 $(3) Provision for credit losses (26) 30 (3) Noninterest expense 29 63 16 (Loss) before income taxes $(27) $(53) $(16) • 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 – YoY and QoQ decreases in total revenue primarily reflects strategic equity investment gains in 2Q22 and 3Q21 • Provision for credit losses was a benefit of $26mm including reserve releases related to cash balances with exposure to Russia • Noninterest expense increased YoY and decreased QoQ primarily driven by staff expense Other Segment

Appendix

12 Footnotes Page 3 – 3Q22 Financial Results (a) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. Page 4 – Capital and Liquidity (a) Regulatory capital ratios for September 30, 2022 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 September 30, 2022 was the Standardized Approach for CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, for June 30, 2022 was the Advanced Approaches, and for September 30, 2021 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio. (b) Tangible book value per common share — Non-GAAP excludes goodwill and intangible assets, net of deferred tax liabilities. See page 17 for corresponding reconciliation of this non-GAAP measure. Page 7 – Securities Services (a) Included in investment services fees in the Asset Servicing business. (b) September 30, 2022 information is preliminary. (c) Consists of AUC/A primarily from the Asset Servicing business and, to a lesser extent, the Issuer Services business. Includes the AUC/A of CIBC Mellon Global Securities Services Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $1.4trn at September 30, 2022, $1.5trn at June 30, 2022 and $1.7trn at September 30, 2021. (d) Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $75bn at September 30, 2022, $70bn at June 30, 2022 and $68bn at September 30, 2021. Page 8 – Market and Wealth Services (a) September 30, 2022 information is preliminary. (b) Consists of AUC/A from the Clearance and Collateral Management and Pershing lines of business. (c) 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 (c) September 30, 2022 information is preliminary. Excludes assets managed outside of the Investment and Wealth Management business segment. (d) September 30, 2022 information is preliminary. Includes AUM and AUC/A in the Wealth Management business.

13 3Q22 2Q22 1Q22 4Q21 3Q21 Investment services fees (see table below) $(1) $(26) $(126) $(148) $(142) Investment management and performance fees (21) (40) (85) (116) (109) Distribution and servicing fees — (2) (11) (14) (11) Total fee revenue (22) (68) (222) (278) (262) Less: Distribution and servicing expense — 2 23 35 29 Net impact of money market fee waivers $(22) $(66) $(199) $(243) $(233) Impact to investment services fees by line of business(a) Asset Servicing $— $— $(19) $(31) $(29) Issuer Services — (1) (11) (18) (17) Pershing (1) (25) (90) (89) (86) Treasury Services — — (6) (10) (10) Total impact to investment services fees by line of business $(1) $(26) $(126) $(148) $(142) Impact to revenue by line of business(a) Asset Servicing $— $(1) $(28) $(50) $(47) Issuer Services (1) (1) (14) (24) (22) Pershing (1) (29) (107) (106) (102) Treasury Services — — (8) (14) (13) Investment Management (20) (37) (63) (81) (76) Wealth Management — — (2) (3) (2) Total impact to revenue by line of business $(22) $(68) $(222) $(278) $(262) Money Market Fee Waivers Impact (a) The line of business revenue for management reporting purposes reflects the impact of revenue transferred between the businesses.

14 3Q22 Results – GAAP Notable items(a) Results – Non-GAAP ex. notable items Total revenue $ 4,279 37 $ 4,242 Provision for credit losses (30) — (30) Noninterest expense 3,679 714 2,965 Income before income taxes $ 630 $ (677) $ 1,307 Pre-tax operating margin(d) 15 % 31 % 3Q22 vs. 3Q22 2Q22 3Q21 2Q22 3Q21 Total Revenue — GAAP $ 4,279 $ 4,254 $ 4,035 1 % 6 % Notable items(a) 37 — 9 Total revenue, ex-notables — Non-GAAP $ 4,242 $ 4,254 $ 4,026 — % 5 % Noninterest expense — GAAP $ 3,679 $ 3,112 $ 2,918 18 % 26 % Notable items(a) 714 103 73 Noninterest expense, ex-notables — Non-GAAP $ 2,965 $ 3,009 $ 2,845 (1) % 4 % Income before income taxes — GAAP $ 630 $ 1,095 $ 1,162 Notable items(a) (677) (103) (64) Income before income taxes, ex. notables — Non-GAAP $ 1,307 $ 1,198 $ 1,226 Net income applicable to common shareholders — GAAP $ 319 $ 835 $ 881 (62) % (64) % Notable items(a) (664) (100) (45) Net income applicable to common shareholders, ex. notables — Non-GAAP $ 983 $ 935 $ 926 5 % 6 % Diluted earnings per share — GAAP $ 0.39 $ 1.03 $ 1.04 (62) % (63) % Notable items(a) (0.81) (0.12) (0.05) Diluted earnings per share, ex. notables — Non-GAAP $ 1.21 $ 1.15 $ 1.09 5 % 11 % Operating leverage — GAAP(c) (1,763) bps (2,003) bps Operating leverage, ex. notables — Non-GAAP(a)(c) 118 bps 115 bps (a) Notable items in 3Q22 include goodwill impairment, a disposal gain, severance expense and litigation reserves. Notable items in 2Q22 include litigation reserves. Notable items in 3Q21 include litigation reserves, gains on disposals and severance expense. (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. (d) Income before income taxes divided by total revenue. Reconciliation of Non-GAAP measures – Impact of Notable Items Pre-tax Operating Margin Reconciliation – Impact of Notable Items (b)

15 3Q22 Results Notable items(a) Non-GAAP ex. notable items Net income applicable to common shareholders of The Bank of New York Mellon Corporation — GAAP $319 $ (664) $983 Add: Amortization of intangible assets 17 — 17 Less: Tax impact of amortization of intangible assets 4 — 4 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets — Non-GAAP $332 $ (664) $996 Average common shareholders’ equity $35,942 — $35,942 Less: Average goodwill 17,189 — $17,189 Average intangible assets 2,922 — $2,922 Add: Deferred tax liability — tax deductible goodwill 1,175 — $1,175 Deferred tax liability — intangible assets 660 — $660 Average tangible common shareholders’ equity — Non-GAAP $17,666 — $17,666 Return on common equity — GAAP 3.5 % 10.9 % Return on tangible common equity (annualized) — Non-GAAP 7.5 % 22.4 % Return on Common Equity and Tangible Common Equity Reconciliation – Impact of Notable Items (a) Notable items in 3Q22 include goodwill impairment, a disposal gain, severance expense and litigation reserves. 3Q22 Results – GAAP Notable items(a) Results – Non-GAAP ex. notable items Provision for income taxes $ 242 $ (13) $ 255 Income before income taxes — GAAP $ 630 $ (677) $ 1,307 Effective tax rate — GAAP 38.4 % 19.5 % Tax Rate Reconciliation – Impact of Notable Items

16 (a) Income before income taxes divided by total revenue. (b) Notable items in 3Q22 include goodwill impairment and severance expense. Notable items in 3Q21 include severance expense. 3Q22 2Q22 3Q21 Income before income taxes — GAAP $(497) $208 $348 Total revenue — GAAP $862 $899 $1,032 Less: Distribution and servicing expense 88 91 76 Adjusted total revenue, net of distribution and servicing expense — Non-GAAP $774 $808 $956 Pre-tax operating margin — GAAP(a) (57%) 23% 34% Adjusted pre-tax operating margin, net of distribution and servicing expense — Non-GAAP(a) (64%) 26% 36% Pre-tax Operating Margin Reconciliation – Investment and Wealth Management Business Investment and Wealth Management Segment Reconciliation of Non-GAAP measures – Impact of Notable Items 3Q22 Results Notable items(b) Non-GAAP ex. notable items Income before income taxes — GAAP $ (497) 679 $ 182 Total revenue — GAAP $ 862 — $ 862 Less: Distribution and servicing expense 88 — 88 Adjusted total revenue, net of distribution and servicing expense — Non-GAAP $ 774 — $ 774 Pre-tax operating margin — GAAP(a) (57) % 21 % Adjusted pre-tax operating margin, net of distribution and servicing expense — Non-GAAP(b) (64) % 24 % 3Q22 vs 3Q22 3Q21 3Q21 Investment and Wealth Management segment, noninterest expense — GAAP $ 1,356 $ 691 96 % Notable items(b) 679 1 Investment and Wealth Management segment, noninterest expense, ex-notables — Non-GAAP $ 677 $ 690 (2) %

17 2022 2021 Sept. 30 Jun. 30 Sept. 30 BNY Mellon shareholders’ equity at period end — GAAP $ 39,737 $ 40,984 $ 43,601 Less: Preferred stock 4,838 4,838 4,541 BNY Mellon common shareholders’ equity at period end — GAAP 34,899 36,146 39,060 Less: Goodwill 16,412 17,271 17,420 Intangible assets 2,902 2,934 2,941 Add: Deferred tax liability — tax deductible goodwill 1,175 1,187 1,173 Deferred tax liability — intangible assets 660 668 673 BNY Mellon tangible common shareholders’ equity at period end — Non-GAAP $ 17,420 $ 17,796 $ 20,545 Period-end common shares outstanding (in thousands) 808,280 808,103 825,821 Book value per common share — GAAP $ 43.18 $ 44.73 $ 47.30 Tangible book value per common share — Non-GAAP $ 21.55 $ 22.02 $ 24.88 3Q22 2Q22 3Q21 Net income applicable to common shareholders of The Bank of New York Mellon Corporation — GAAP $319 $835 $881 Add: Amortization of intangible assets 17 17 19 Less: Tax impact of amortization of intangible assets 4 4 4 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets — Non-GAAP $332 $848 $896 Average common shareholders’ equity $35,942 $36,199 $39,755 Less: Average goodwill 17,189 17,347 17,474 Average intangible assets 2,922 2,949 2,953 Add: Deferred tax liability — tax deductible goodwill 1,175 1,187 1,173 Deferred tax liability — intangible assets 660 668 673 Average tangible common shareholders’ equity — Non-GAAP $17,666 $17,758 $21,174 Return on common equity (annualized) — GAAP 3.5% 9.3% 8.8% Return on tangible common equity (annualized) — non-GAAP 7.5% 19.2% 16.8% Return on Common Equity and Tangible Common Equity Reconciliation Book Value and Tangible Book Value Per Common Share Reconciliation

18 A number of statements in The Bank of New York Mellon Corporation’s (the “Corporation”) presentations, the accompanying slides and the responses to your questions are “forward-looking statements.” 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,” “ambition,” “objective,” “aim,” “future,” “potentially,” “outlook” and words of similar meaning may signify forward-looking statements. These statements relate to, among other things, the Corporation’s expectations regarding: capital plans, strategic priorities, financial goals, organic growth, performance, organizational quality and efficiency, investments, including in technology and product development, capabilities, resiliency, revenue, net interest revenue, money market fee waivers, fees, expenses, cost discipline, sustainable growth, innovation in products and services, company management, human capital management (including related ambitions, objectives, aims and goals), deposits, interest rates and yield curves, securities portfolio, taxes, business opportunities, divestments, volatility, preliminary business metrics and regulatory capital ratios and statements regarding the Corporation’s aspirations, as well as the Corporation’s overall plans, strategies, goals, objectives, expectations, outlooks, estimates, intentions, targets, opportunities, focus and initiatives, including the potential effects of the coronavirus pandemic on any of the foregoing. These forward-looking statements are based on assumptions that involve risks and uncertainties and that are subject to change based on various important factors (some of which are beyond the Corporation’s control). Actual outcomes may differ materially from those expressed or implied as a result of a number of factors, including, but not limited to, those discussed in “Risk Factors” in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Annual Report”) and in other filings of the Corporation with the Securities and Exchange Commission (the “SEC”). Statements about the effects of the current and near-term market and macroeconomic outlook on the Corporation, including on its business, operations, financial performance and prospects, may constitute forward-looking statements, and are based on assumptions that involve risks and uncertainties and that are subject to change based on various important factors (some of which are beyond the Corporation's control), including geopolitical risks (including those related to Russia’s invasion of Ukraine), as well as the scope and duration of the pandemic, actions taken by governmental authorities and other third parties in response to the pandemic, the availability, use and effectiveness of vaccines, and the direct and indirect impact of the pandemic on the Corporation, its clients, customers and third parties. Preliminary business metrics and regulatory capital ratios are subject to change, possibly materially, as the Corporation completes its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022. All forward-looking statements speak only as of October 17, 2022, and the Corporation undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. For additional information regarding the Corporation, please refer to the Corporation's SEC filings available at www.bnymellon.com/investorrelations. Non-GAAP Measures: In this presentation we discuss certain non-GAAP measures in detailing the Corporation’s 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 the Corporation’s management monitors financial performance. Additional disclosures relating to non-GAAP measures are contained in the Corporation’s reports filed with the SEC, including the 2021 Annual Report, and the third quarter 2022 earnings release and the third quarter 2022 financial supplement, and are available at www.bnymellon.com/investorrelations. Cautionary Statement


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


Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value	BK	New York Stock Exchange

6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV	BK/P	New York Stock Exchange
(fully and unconditionally guaranteed by The Bank of New York Mellon Corporation)


Exhibit
Number						Description

99.1						The Bank of New York Mellon Corporation Earnings Release dated October 17, 2022, announcing financial results for the third quarter of 2022.
						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 Mellon under the Securities Act of 1933 or the Exchange Act. The information included in Exhibit 99.1, other than in the Excluded Section, shall be deemed “filed” for purposes of the Exchange Act.

99.2						The Bank of New York Mellon Corporation Financial Supplement dated October 17, 2022, for the third quarter of 2022.
						The information included in Exhibit 99.2 shall be deemed “filed” for purposes of the Exchange Act.

99.3						Third Quarter 2022 Financial Highlights Presentation dated October 17, 2022.
						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 Mellon under the Securities Act of 1933 or the Exchange Act.

104						Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.


			The Bank of New York Mellon Corporation (Registrant)
Date: October 17, 2022			By: /s/ James J. Killerlane III
			Name: James J. Killerlane III Title: Secretary