BNY 8-K

Bank of New York Mellon Corp (BNY)

8-K 2026-04-16 For: 2026-04-16

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Added on April 16, 2026

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


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

6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV	BK/P	New York Stock Exchange
(fully and unconditionally guaranteed by The Bank of New York Mellon Corporation)
Depositary Shares, each representing a 1/4,000th interest in a share of Series K Noncumulative	BK PRK	New York Stock Exchange
Perpetual Preferred Stock


Exhibit
Number						Description

99.1						The Bank of New York Mellon Corporation Earnings Release dated April 16, 2026, announcing financial results for the first quarter of 2026.
						The quotation in Exhibit 99.1 (the “Excluded Section”) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (“Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of BNY under the Securities Act of 1933 or the Exchange Act. The information included in Exhibit 99.1, other than in the Excluded Section, shall be deemed “filed” for purposes of the Exchange Act.

99.2						The Bank of New York Mellon Corporation Financial Supplement dated April 16, 2026, for the first quarter of 2026.
						The information included in Exhibit 99.2 shall be deemed “filed” for purposes of the Exchange Act.

99.3						First Quarter 2026 Quarterly Update Presentation dated April 16, 2026.
						The information included in Exhibit 99.3 shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of BNY under the Securities Act of 1933 or the Exchange Act.

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


	The Bank of New York Mellon Corporation (Registrant)
Date: April 16, 2026	By:	/s/ Jean Weng
	Name: Title:	Jean Weng Secretary


CEO COMMENTARY


			BNY had a strong start to 2026 with record revenue of $5.4 billion in the first quarter, up 13% year-over-year, reflecting broad-based growth across our Securities Services and Market and Wealth Services businesses. We delivered over 800 basis points of positive operating leverage, while investing in new products, capabilities, AI, and – critically – our people and culture. Taken together, we reported a pre-tax margin of 37%, generated an ROTCE of 29%, and grew earnings per share
by 42% year-over-year.
The portfolio of BNY’s businesses is unique, but it is how we are embracing new ways of working, our adoption and integration of new technologies and our strong culture that is enabling us to create truly differentiated solutions for our clients. As a result, our sales momentum continues. We delivered the strongest quarterly sales performance in our history, and since the beginning of the year, we announced several very strategic business wins.
Amid a dynamic operating environment, our diversified business model, combined with our strong balance sheet, allows us to serve as a pillar of strength for our clients and markets around the world, as our teams continue to execute on our long-term plan to unlock BNY’s full potential for our clients and shareholders.
– Robin Vince, Chief Executive Officer


KEY FINANCIAL INFORMATION


(dollars in millions, except per share amounts and unless otherwise noted)				1Q26 vs.
	1Q26			4Q25		1Q25
Selected income statement data:

Total fee revenue	$	3,768		2	%	11	%
Investment and other revenue	271			N/M		N/M
Net interest income	1,370			2	%	18	%
Total revenue	$	5,409		4	%	13	%
Provision for credit losses	(7)			N/M		N/M
Noninterest expense	$	3,400		1	%	5	%
Net income applicable to common shareholders	$	1,562		9	%	36	%
Diluted EPS	$	2.24		11	%	42	%

Selected metrics:

AUC/A (in trillions)	$	59.4		—	%	12	%
AUM (in trillions)	$	2.1		(2)	%	6	%

Financial ratios:	1Q26			4Q25		1Q25

Pre-tax operating margin	37		%	36	%	32	%
ROE	16.1		%	14.5	%	12.6	%
ROTCE (a)	29.3		%	26.6	%	24.2	%

Capital ratios:

Tier 1 leverage ratio	6.0		%	6.0	%	6.2	%
CET1 ratio	11.0		%	11.9	%	11.5	%



(a) For information on the Non-GAAP measures, see “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9.

Note: Above comparisons are 1Q26 vs. 1Q25, unless otherwise noted.
Media: Anneliese Diedrichs + 1 646 468 6026			Investors: Marius Merz +1 212 298 1480


(dollars in millions, unless otherwise noted; not meaningful - N/M)										1Q26 vs.
	1Q26			4Q25			1Q25			4Q25		1Q25
Investment services fees:
Asset Servicing (a)	$	1,170		$	1,146		$	1,050		2	%	11	%
Issuer Services	278			331			267			(16)		4
Total investment services fees	1,448			1,477			1,317			(2)		10
Foreign exchange revenue	196			142			136			38		44
Other fees (b)	74			68			65			9		14
Total fee revenue	1,718			1,687			1,518			2		13
Investment and other revenue	203			62			140			N/M		N/M
Total fee and other revenue	1,921			1,749			1,658			10		16
Net interest income	757			735			630			3		20
Total revenue	2,678			2,484			2,288			8		17
Provision for credit losses	(11)			(13)			8			N/M		N/M
Noninterest expense (a)	1,648			1,651			1,569			—		5
Income before taxes (a)	$	1,041		$	846		$	711		23	%	46	%

Total revenue by line of business:
Asset Servicing (a)	$	2,170		$	1,932		$	1,774		12	%	22	%
Issuer Services	508			552			514			(8)		(1)
Total revenue by line of business	$	2,678		$	2,484		$	2,288		8	%	17	%

Pre-tax operating margin (a)	39		%	34		%	31		%

Securities lending revenue (c)	$	72		$	69		$	52		4	%	38	%

Metrics:
Average loans	$	12,265		$	11,439		$	11,347		7	%	8	%
Average deposits (a)	$	197,789		$	192,771		$	175,853		3	%	12	%

AUC/A at period end (in trillions) (current period is preliminary) (a)(d)	$	42.7		$	42.7		$	37.9		—	%	13	%
Market value of securities on loan at period end (in billions) (e)	$	629		$	604		$	504		4	%	25	%



(dollars in millions)	1Q26		4Q25		1Q25
Fee revenue	$	(23)	$	(21)	$	(28)
Investment and other revenue	50		45		62
Total fee and other revenue	27		24		34
Net interest income (expense)	(11)		(9)		(9)
Total revenue	16		15		25
Provision for credit losses	1		(9)		4
Noninterest expense	89		55		88
Loss before taxes	$	(74)	$	(31)	$	(67)


Capital and liquidity ratios	March 31, 2026			Dec. 31, 2025
Consolidated regulatory capital ratios: (a)
CET1 ratio	11.0		%	11.9		%
Tier 1 capital ratio	13.8			14.6
Total capital ratio	14.5			15.4
Tier 1 leverage ratio (a)	6.0			6.0
Supplementary leverage ratio (a)	6.6			6.7
BNY shareholders’ equity to total assets ratio	8.0		%	9.4		%
BNY common shareholders’ equity to total assets ratio	7.0		%	8.4		%

Average LCR (a)	111		%	112		%
Average NSFR (a)	131		%	130		%

Book value per common share	$	57.48		$	57.36
Tangible book value per common share – Non-GAAP (b)	$	31.75		$	31.64
Common shares outstanding (in thousands)	686,379			688,236


Net interest income										1Q26 vs.
(dollars in millions; not meaningful - N/M)	1Q26			4Q25			1Q25			4Q25		1Q25
Net interest income	$	1,370		$	1,346		$	1,159		2%		18%
Add: Tax equivalent adjustment	—			—			—			N/M		N/M
Net interest income, on a fully taxable equivalent (“FTE”) basis – Non-GAAP (a)	$	1,370		$	1,346		$	1,159		2%		18%

Average interest-earning assets	$	396,310		$	387,289		$	354,687		2%		12%

Net interest margin	1.38		%	1.38		%	1.30		%	—	bps	8	bps
Net interest margin (FTE) – Non-GAAP (a)	1.38		%	1.38		%	1.30		%	—	bps	8	bps


(dollars in millions)	Quarter ended
	March 31, 2026		Dec. 31, 2025		March 31, 2025

Fee and other revenue
Investment services fees	$	2,652	$	2,632	$	2,411
Investment management and performance fees	785		806		739
Foreign exchange revenue	232		171		156
Financing-related fees	62		53		60
Distribution and servicing fees	37		36		37
Total fee revenue	3,768		3,698		3,403
Investment and other revenue	271		135		230
Total fee and other revenue	4,039		3,833		3,633
Net interest income
Interest income	5,824		6,307		6,123
Interest expense	4,454		4,961		4,964
Net interest income	1,370		1,346		1,159
Total revenue	5,409		5,179		4,792
Provision for credit losses	(7)		(26)		18
Noninterest expense
Staff	1,888		1,812		1,834
Software and equipment	556		565		513
Professional, legal and other purchased services	388		429		366
Sub-custodian and clearing	151		139		131
Net occupancy	123		143		136
Distribution and servicing	73		73		65
Business development	50		71		48
Bank assessment charges	24		(22)		38

Amortization of intangible assets	9		11		11
Other	138		139		110
Total noninterest expense	3,400		3,360		3,252
Income
Income before taxes	2,016		1,845		1,522
Provision for income taxes	386		376		300
Net income	1,630		1,469		1,222
Net (income) loss attributable to noncontrolling interests related to consolidated investment management funds	2		(8)		(2)
Net income applicable to shareholders of The Bank of New York Mellon Corporation	1,632		1,461		1,220
Preferred stock dividends	(70)		(34)		(71)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,562	$	1,427	$	1,149


Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation	Quarter ended
	March 31, 2026		Dec. 31, 2025		March 31, 2025
(in dollars)
Basic	$	2.26	$	2.04	$	1.59
Diluted	$	2.24	$	2.02	$	1.58


Reconciliation of Non-GAAP measures, excluding notable items									1Q26 vs.
(dollars in millions, except per share amounts)	1Q26			4Q25			1Q25		4Q25		1Q25




Total revenue – GAAP	$	5,409		$	5,179		$	4,792	4	%	13	%

Less: Disposal gains (losses) (a)	—			—			40

Adjusted total revenue – Non-GAAP	$	5,409		$	5,179		$	4,752	4	%	14	%

Total noninterest expense – GAAP	$	3,400		$	3,360		$	3,252	1	%	5	%
Less: Severance expense (b)	18			98			32
Litigation reserves (b)	3			3			2
FDIC special assessment (b)	(7)			(50)			6

Adjusted total noninterest expense – Non-GAAP	$	3,386		$	3,309		$	3,212	2	%	5	%






Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	1,562		$	1,427		$	1,149	9	%	36	%

Less: Disposal gains (losses) (a)	—			—			32

Severance expense (b)	(14)			(74)			(25)
Litigation reserves (b)	(3)			(6)			(1)
FDIC special assessment (b)	6			37			(5)

Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation – Non-GAAP	$	1,573		$	1,470		$	1,148	7	%	37	%

Diluted earnings per common share – GAAP	$	2.24		$	2.02		$	1.58	11	%	42	%

Less: Disposal gains (losses) (a)	—			—			0.04

Severance expense (b)	(0.02)			(0.11)			(0.03)
Litigation reserves (b)	—			(0.01)			—
FDIC special assessment (b)	0.01			0.05			(0.01)
Total diluted earnings per common share impact of notable items	(0.02)		(c)	(0.06)		(c)	—
Adjusted diluted earnings per common share – Non-GAAP	$	2.25	(c)	$	2.08		$	1.58	8	%	42	%
Operating leverage – GAAP (d)									325	bps	833	bps
Adjusted operating leverage – Non-GAAP (d)									211	bps	841	bps


Pre-tax operating margin reconciliation
(dollars in millions)	1Q26			4Q25			1Q25
Income before taxes – GAAP	$	2,016		$	1,845		$	1,522
Impact of notable items (a)	(14)			(51)			—
Adjusted income before taxes, excluding notable items – Non-GAAP	$	2,030		$	1,896		$	1,522

Total revenue – GAAP	$	5,409		$	5,179		$	4,792
Impact of notable items (a)	—			—			40
Adjusted total revenue, excluding notable items – Non-GAAP	$	5,409		$	5,179		$	4,752

Pre-tax operating margin – GAAP (b)	37		%	36		%	32		%
Adjusted pre-tax operating margin – Non-GAAP (b)	38		%	37		%	32		%


HIGHLIGHTS


Return on common equity and return on tangible common equity reconciliation
(dollars in millions)	1Q26			4Q25			1Q25
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	1,562		$	1,427		$	1,149
Add: Amortization of intangible assets	9			11			11
Less: Tax impact of amortization of intangible assets	2			3			3
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	1,569		$	1,435		$	1,157
Impact of notable items (a)	(11)			(43)			1
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets and notable items – Non-GAAP	$	1,580		$	1,478		$	1,156

Average common shareholders’ equity	$	39,448		$	39,142		$	36,980
Less: Average goodwill	16,774			16,777			16,615
Average intangible assets	2,819			2,827			2,849
Add: Deferred tax liability – tax deductible goodwill	1,226			1,227			1,226
Deferred tax liability – intangible assets	660			662			666
Average tangible common shareholders’ equity – Non-GAAP	$	21,741		$	21,427		$	19,408

Return on common equity – GAAP (b)	16.1		%	14.5		%	12.6		%
Adjusted return on common equity – Non-GAAP (b)	16.2		%	14.9		%	12.6		%

Return on tangible common equity – Non-GAAP (b)	29.3		%	26.6		%	24.2		%
Adjusted return on tangible common equity – Non-GAAP (b)	29.5		%	27.4		%	24.2		%


The Bank of New York Mellon Corporation

Financial Supplement

First Quarter 2026


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)																1Q26 vs.
	1Q26			4Q25			3Q25			2Q25			1Q25			4Q25		1Q25
Selected income statement data


Fee and other revenue	$	4,039		$	3,833		$	3,845		$	3,825		$	3,633		5	%	11	%
Net interest income	1,370			1,346			1,236			1,203			1,159			2		18
Total revenue	5,409			5,179			5,081			5,028			4,792			4		13
Provision for credit losses	(7)			(26)			(7)			(17)			18			N/M		N/M
Noninterest expense	3,400			3,360			3,236			3,206			3,252			1		5
Income before income taxes	2,016			1,845			1,852			1,839			1,522			9		32
Provision for income taxes	386			376			395			404			300			3		29
Net income	$	1,630		$	1,469		$	1,457		$	1,435		$	1,222		11	%	33	%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,562		$	1,427		$	1,339		$	1,391		$	1,149		9	%	36	%
Diluted earnings per common share	$	2.24		$	2.02		$	1.88		$	1.93		$	1.58		11	%	42	%
Average common shares and equivalents outstanding – diluted (in thousands)	698,164			705,140			712,854			720,007			727,398			(1)	%	(4)	%

Financial ratios (Quarterly returns are annualized)
Pre-tax operating margin	37		%	36		%	36		%	37		%	32		%
Return on common equity	16.1		%	14.5		%	13.7		%	14.7		%	12.6		%
Return on tangible common equity – Non-GAAP (a)	29.3		%	26.6		%	25.6		%	27.8		%	24.2		%
Non-U.S. revenue as a percentage of total revenue	36		%	36		%	35		%	36		%	33		%

Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)(c)	$	59.4		$	59.3		$	57.8		$	55.8		$	53.1		—	%	12	%
Assets under management (“AUM”) (in trillions) (b)	$	2.1		$	2.2		$	2.1		$	2.1		$	2.0		(2)	%	6	%
Full-time employees	47,200			48,100			49,200			49,900			51,000			(2)	%	(7)	%
Book value per common share	$	57.48		$	57.36		$	55.99		$	54.76		$	52.82
Tangible book value per common share – Non-GAAP (a)	$	31.75		$	31.64		$	30.60		$	29.57		$	28.20
Cash dividends per common share	$	0.53		$	0.53		$	0.53		$	0.47		$	0.47
Common dividend payout ratio	24		%	26		%	28		%	25		%	30		%
Closing stock price per common share	$	118.63		$	116.09		$	108.96		$	91.11		$	83.87
Market capitalization	$	81,425		$	79,897		$	75,983		$	64,254		$	60,003
Common shares outstanding (in thousands)	686,379			688,236			697,349			705,241			715,434

Capital ratios at period end (d)
Common Equity Tier 1 (“CET1”) ratio	11.0		%	11.9		%	11.7		%	11.5		%	11.5		%
Tier 1 capital ratio	13.8		%	14.6		%	14.4		%	14.5		%	14.6		%
Total capital ratio	14.5		%	15.4		%	15.3		%	15.5		%	15.7		%
Tier 1 leverage ratio	6.0		%	6.0		%	6.1		%	6.1		%	6.2		%
Supplementary leverage ratio (“SLR”)	6.6		%	6.7		%	6.7		%	6.9		%	6.9		%
(a) Non-GAAP information, for all periods presented, excludes goodwill and intangible assets, net of deferred tax liabilities. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of Non-GAAP measures.
(b) March 31, 2026 information is preliminary.
(c) Includes the AUC/A of CIBC Mellon Trust Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $2.1 trillion at March 31, 2026, $2.2 trillion at Dec. 31, 2025, $2.1 trillion at Sept. 30, 2025, $2.0 trillion at June 30, 2025 and $1.9 trillion at March 31, 2025.
(d) Regulatory capital ratios for March 31, 2026 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for the periods presented, was the Standardized Approach.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET

	2026		2025
(dollars in millions)	March 31 (a)		Dec. 31		Sept. 30		June 30		March 31
Assets
Cash and due from banks	$	6,390	$	5,111	$	5,055	$	5,699	$	5,354
Interest-bearing deposits with the Federal Reserve and other central banks	170,202		116,009		106,368		135,602		102,303
Interest-bearing deposits with banks	13,544		10,397		11,027		12,069		11,945
Federal funds sold and securities purchased under resale agreements	43,660		44,892		41,863		45,547		41,316
Securities	155,615		150,200		149,528		147,068		145,385
Trading assets	16,488		14,276		13,625		12,610		11,978
Loans	101,261		80,615		75,195		73,096		71,404
Allowance for loan losses	(237)		(245)		(272)		(275)		(295)
Net loans	101,024		80,370		74,923		72,821		71,109
Premises and equipment	3,796		3,581		3,549		3,289		3,257
Accrued interest receivable	1,402		1,435		1,426		1,348		1,302
Goodwill	16,734		16,767		16,773		16,823		16,661
Intangible assets	2,809		2,822		2,834		2,849		2,846
Other assets	29,853		26,440		28,341		30,056		27,235
Total assets	$	561,517	$	472,300	$	455,312	$	485,781	$	440,691
Liabilities
Deposits	$	417,080	$	331,894	$	314,697	$	346,393	$	308,644
Federal funds purchased and securities sold under repurchase agreements	19,506		18,992		16,585		15,492		15,663
Trading liabilities	4,747		6,135		3,499		6,134		4,580
Payables to customers and broker-dealers	24,754		21,872		23,638		21,273		22,244
Commercial paper	1,002		2,003		2,364		2,361		1,662
Other borrowed funds	175		422		283		293		212
Accrued taxes and other expenses	4,449		5,544		4,920		4,634		4,438
Other liabilities	11,903		8,757		12,678		11,233		8,756
Long-term debt	32,582		31,873		32,287		33,429		30,869
Total liabilities	516,198		427,492		410,951		441,242		397,068
Temporary equity
Redeemable noncontrolling interests	81		87		111		111		94
Permanent equity
Preferred stock	5,331		4,836		4,836		5,331		5,331
Common stock	14		14		14		14		14
Additional paid-in capital	30,142		29,907		29,795		29,659		29,535
Retained earnings	47,582		46,396		45,346		44,388		43,343
Accumulated other comprehensive loss, net of tax	(3,496)		(3,035)		(3,362)		(3,549)		(4,115)
Less: Treasury stock, at cost	(34,790)		(33,805)		(32,750)		(31,893)		(30,989)
Total The Bank of New York Mellon Corporation shareholders’ equity	44,783		44,313		43,879		43,950		43,119
Nonredeemable noncontrolling interests of consolidated investment management funds	455		408		371		478		410
Total permanent equity	45,238		44,721		44,250		44,428		43,529
Total liabilities, temporary equity and permanent equity	$	561,517	$	472,300	$	455,312	$	485,781	$	440,691
(a) The spot balance sheet on March 31, 2026, was temporarily elevated reflecting a single-day increase in deposits, interest-bearing deposits with the Federal Reserve and other central banks and overnight loans as a result of delayed processing of certain payments.


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

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

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

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

Notes:


Returns on common and tangible common equity ratios are annualized.



Return on common equity and tangible common equity reconciliation
(dollars in millions)	1Q26			4Q25			3Q25			2Q25			1Q25
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	1,562		$	1,427		$	1,339		$	1,391		$	1,149
Add: Amortization of intangible assets	9			11			12			11			11
Less: Tax impact of amortization of intangible assets	2			3			3			2			3
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	1,569		$	1,435		$	1,348		$	1,400		$	1,157

Average common shareholders’ equity	$	39,448		$	39,142		$	38,626		$	37,892		$	36,980
Less: Average goodwill	16,774			16,777			16,787			16,748			16,615
Average intangible assets	2,819			2,827			2,842			2,850			2,849
Add: Deferred tax liability – tax deductible goodwill	1,226			1,227			1,236			1,236			1,226
Deferred tax liability – intangible assets	660			662			665			668			666
Average tangible common shareholders’ equity – Non-GAAP	$	21,741		$	21,427		$	20,898		$	20,198		$	19,408

Return on common equity – GAAP	16.1		%	14.5		%	13.7		%	14.7		%	12.6		%
Return on tangible common equity – Non-GAAP	29.3		%	26.6		%	25.6		%	27.8		%	24.2		%


THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Book value and tangible book value per common share reconciliation	2026			2025
(dollars in millions, except common shares and unless otherwise noted)	March 31			Dec. 31			Sept. 30			June 30			March 31
The Bank of New York Mellon Corporation shareholders’ equity at period end – GAAP	$	44,783		$	44,313		$	43,879		$	43,950		$	43,119
Less: Preferred stock	5,331			4,836			4,836			5,331			5,331
The Bank of New York Mellon Corporation common shareholders’ equity at period end – GAAP	39,452			39,477			39,043			38,619			37,788
Less: Goodwill	16,734			16,767			16,773			16,823			16,661
Intangible assets	2,809			2,822			2,834			2,849			2,846
Add: Deferred tax liability – tax deductible goodwill	1,226			1,227			1,236			1,236			1,226
Deferred tax liability – intangible assets	660			662			665			668			666
The Bank of New York Mellon Corporation tangible common shareholders’ equity at period end – Non-GAAP	$	21,795		$	21,777		$	21,337		$	20,851		$	20,173

Period-end common shares outstanding (in thousands)	686,379			688,236			697,349			705,241			715,434

Book value per common share – GAAP	$	57.48		$	57.36		$	55.99		$	54.76		$	52.82
Tangible book value per common share – Non-GAAP	$	31.75		$	31.64		$	30.60		$	29.57		$	28.20


Net interest margin reconciliation
(dollars in millions)	1Q26			4Q25			3Q25			2Q25			1Q25
Net interest income – GAAP	$	1,370		$	1,346		$	1,236		$	1,203		$	1,159
Add: Tax equivalent adjustment	—			—			—			1			—
Net interest income (FTE) – Non-GAAP	$	1,370		$	1,346		$	1,236		$	1,204		$	1,159

Average interest-earning assets	$	396,310		$	387,289		$	374,493		$	375,542		$	354,687

Net interest margin – GAAP (a)	1.38		%	1.38		%	1.31		%	1.27		%	1.30		%
Net interest margin (FTE) – Non-GAAP (a)	1.38		%	1.38		%	1.31		%	1.27		%	1.30		%
(a) Net interest margin is annualized.


Constant currency reconciliations							1Q26 vs.
(dollars in millions)	1Q26			1Q25			1Q25
Consolidated:
Investment management and performance fees – GAAP	$	785		$	739		6		%
Impact of changes in foreign currency exchange rates	—			14
Adjusted investment management and performance fees – Non-GAAP	$	785		$	753		4		%

Investment and Wealth Management business segment:
Investment management and performance fees – GAAP	$	786		$	740		6		%
Impact of changes in foreign currency exchange rates	—			14
Adjusted investment management and performance fees – Non-GAAP	$	786		$	754		4		%