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Record Q1 revenue lifts BNY Mellon (NYSE: BK) EPS by 42%

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

The Bank of New York Mellon Corporation reported a strong first quarter of 2026, with total revenue of $5.41 billion, up 13% year-over-year, and diluted EPS of $2.24, up 42%. Net income applicable to common shareholders rose to $1.56 billion, driven by broad-based growth in fee revenue and net interest income.

The bank generated a pre-tax operating margin of 37%, return on common equity of 16.1% and return on tangible common equity of 29.3%. Assets under custody and/or administration reached $59.4 trillion and assets under management were $2.1 trillion. BNY returned $1.4 billion to common shareholders, including $983 million of share repurchases, and its CET1 ratio stood at 11.0% with a Tier 1 leverage ratio of 6.0%.

Positive

  • Strong earnings growth: Diluted EPS reached $2.24 for Q1 2026, up 42% year-over-year, with net income applicable to common shareholders rising 36% to $1.56 billion.
  • Robust revenue and operating leverage: Total revenue grew 13% year-over-year to $5.41 billion, while noninterest expense rose only 5%, generating 325 basis points of positive operating leverage.
  • High returns on capital: Return on common equity was 16.1% and return on tangible common equity was 29.3%, reflecting efficient capital use and strong profitability.
  • Significant capital return: The company returned $1.4 billion to common shareholders in the quarter, including $983 million of share repurchases, and the Board approved a new $10 billion common share repurchase program.

Negative

  • None.

Insights

BNY Mellon delivered broad-based Q1 2026 strength with robust profitability and capital returns.

BNY Mellon posted Q1 2026 revenue of $5.41 billion, up 13% year-over-year, with fee revenue up 11% and net interest income up 18%. Net income to common shareholders grew 36% to $1.56 billion, and diluted EPS rose 42% to $2.24.

Profitability was notably strong: pre-tax operating margin reached 37%, ROE 16.1% and ROTCE 29.3%. Operating leverage was positive by 325 basis points as revenue growth outpaced a 5% increase in noninterest expense, despite higher investment spending and employee merit increases.

Capital and balance sheet metrics remained solid, with a CET1 ratio of 11.0%, Tier 1 leverage of 6.0%, average LCR of 111% and NSFR of 131%. The company returned $1.4 billion to common shareholders, including $983 million of buybacks, and the Board authorized a new $10 billion repurchase program, underscoring confidence in capital strength alongside growth.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Total revenue $5.41 billion Q1 2026; up 13% year-over-year
Net income to common shareholders $1.56 billion Q1 2026; up 36% year-over-year
Diluted EPS $2.24 Q1 2026; up 42% year-over-year
Pre-tax operating margin 37% Q1 2026 consolidated
Return on tangible common equity 29.3% Q1 2026 non-GAAP ROTCE
Assets under custody/administration $59.4 trillion As of March 31, 2026
Assets under management $2.1 trillion As of March 31, 2026
CET1 capital ratio 11.0% Standardized Approach at March 31, 2026
Return on tangible common equity financial
"Return on tangible common equity – Non-GAAP (b) | 29.3 | %"
Return on tangible common equity measures how much profit a company generates from the real, spendable capital that belongs to common shareholders, shown as a percentage. It strips out intangible items like goodwill to focus on the “hard” equity and tells investors how efficiently the firm uses that tangible capital to create earnings—think of it as the return on the cash you actually have rather than on paper values or goodwill.
Common Equity Tier 1 (CET1) ratio financial
"CET1 ratio – 11.0%; Tier 1 leverage ratio – 6.0%."
The common equity tier 1 (CET1) ratio is a measure of a bank’s financial strength, showing how much high-quality capital it has compared to its risk-weighted assets. Think of it as a safety buffer or cushion that helps ensure the bank can withstand financial stress. A higher CET1 ratio indicates a stronger position, which is important for investors because it signals greater stability and resilience.
Assets under custody and/or administration financial
"AUC/A (in trillions) | $ | 59.4 | | — | % | 12 | %"
Assets under custody and/or administration are the financial holdings a bank or services firm physically safeguards (custody) or keeps track of and manages paperwork for (administration) on behalf of clients. Think of custody as a secure vault holding valuables and administration as the record-keeper who tallies transactions and handles statements. Investors watch this number because larger balances usually mean steady fee income, scale advantages and market trust, while declines can signal revenue pressure or client flight.
Liquidity coverage ratio (LCR) financial
"Average LCR (a) | 111 | % | | 112 | %"
A liquidity coverage ratio measures whether a bank holds enough cash and easily sold, high-quality assets to cover its expected net cash outflows for 30 days under stress. Think of it as a household emergency fund that proves the bank could pay its bills for a month without selling illiquid items at fire-sale prices. Investors use it to gauge short-term resilience, regulatory compliance, and the likelihood of funding strain.
Net stable funding ratio (NSFR) financial
"Average NSFR (a) | 131 | % | | 130 | %"
Total Loss Absorbing Capacity (TLAC) financial
"Total Loss Absorbing Capacity (“TLAC”) ratios exceed minimum requirements."
Offering Type earnings_snapshot

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FAQ

How did BNY (BK) perform financially in Q1 2026?
BNY reported total revenue of $5.41 billion, up 13% year-over-year, and net income applicable to common shareholders of $1.56 billion, up 36%. Diluted EPS was $2.24, a 42% increase, reflecting strong growth in both fee revenue and net interest income.

What were BNY (BK) profitability metrics for Q1 2026?
BNY generated a pre-tax operating margin of 37%, return on common equity of 16.1% and return on tangible common equity of 29.3%. These figures indicate strong underlying profitability and efficient use of capital during the quarter.

How did BNY’s revenue mix evolve in Q1 2026?
Total revenue reached $5.41 billion, with fee revenue of $3.77 billion and net interest income of $1.37 billion. Fee revenue increased 11% and net interest income rose 18% year-over-year, showing balanced growth across core businesses.

What capital and liquidity ratios did BNY (BK) report for March 31, 2026?
As of March 31, 2026, BNY reported a CET1 ratio of 11.0%, Tier 1 capital ratio of 13.8%, total capital ratio of 14.5% and Tier 1 leverage ratio of 6.0%. Average LCR was 111% and NSFR was 131%.

How much capital did BNY return to shareholders in Q1 2026?
BNY returned $1.4 billion of capital to common shareholders in Q1 2026, including $376 million of dividends and $983 million of share repurchases. The Board also authorized a new $10 billion common share repurchase program.

What were BNY’s assets under custody and management at March 31, 2026?
As of March 31, 2026, BNY oversaw $59.4 trillion in assets under custody and/or administration and $2.1 trillion in assets under management. Both measures increased year-over-year, reflecting higher market values and net client inflows.
0001390777false00013907772026-04-162026-04-160001390777us-gaap:CommonStockMemberexch:XNYS2026-04-162026-04-160001390777us-gaap:PreferredStockMemberexch:XNYS2026-04-162026-04-160001390777bk:DepositarySharesMemberexch:XNYS2026-04-162026-04-16

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) – April 16, 2026
THE BANK OF NEW YORK MELLON CORPORATION
(Exact name of registrant as specified in its charter)
Delaware001-3565113-2614959
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(I.R.S. Employer
Identification No.)

240 Greenwich Street
New York, New York 10286
(Address of principal executive offices) (Zip Code)

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

Not Applicable
(Former name or former address, if changed since last report)

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

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


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

Title of each class		Trading
symbol(s)		Name of each exchange
on which registered
Common Stock, $0.01 par valueBKNew York Stock Exchange
6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IVBK/PNew 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 NoncumulativeBK PRKNew York Stock Exchange
Perpetual Preferred Stock

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

Emerging growth company ☐

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


ITEM 2.02.    RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On April 16, 2026, The Bank of New York Mellon Corporation (“BNY”) released information on its financial results for the first quarter ended March 31, 2026. Copies of the Earnings Release and the Financial Supplement are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference.


ITEM 7.01.    REGULATION FD DISCLOSURE.

On April 16, 2026, BNY will hold a conference call and webcast to discuss its financial results for the first quarter ended March 31, 2026 and outlook. A copy of the Quarterly Update Presentation for the conference call and webcast is attached hereto as Exhibit 99.3.


ITEM 9.01.    FINANCIAL STATEMENTS AND EXHIBITS.


    (d)    EXHIBITS.
Exhibit
NumberDescription
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.
2

SIGNATURES

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

The Bank of New York Mellon Corporation
(Registrant)

Date: April 16, 2026By: /s/ Jean Weng
Name:
Title: 		Jean Weng
Secretary



3
bny_logoxrevxrgbx2x002002a.jpg
1Q26
FINANCIALRESULTS


BNY Reports First Quarter 2026
Earnings Per Common Share of $2.24

NEW YORK, April 16, 2026 – The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK) today has reported financial results for the first quarter of 2026.
CEO COMMENTARY
quotation-markxleft_3q24a.jpg
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.
quotation-markxright_3q24a.jpg
– Robin Vince, Chief Executive Officer
EPSPre-tax marginROEROTCE
$2.24
37%
16%
     29% (a)
KEY FINANCIAL INFORMATION
(dollars in millions, except per share amounts and unless otherwise noted)1Q26 vs.
1Q264Q251Q25
Selected income statement data:
Total fee revenue$3,768 2%11%
Investment and other revenue271 N/MN/M
Net interest income1,370 2%18%
Total revenue$5,409 4%13%
Provision for credit losses(7)N/MN/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:1Q264Q251Q25
Pre-tax operating margin37%36%32%
ROE16.1%14.5%12.6%
ROTCE (a)
29.3%26.6%24.2%
Capital ratios:
Tier 1 leverage ratio6.0%6.0%6.2%
CET1 ratio11.0%11.9%11.5%
HIGHLIGHTS
Results
•Total revenue of $5.4 billion, increased 13%
•Noninterest expense of $3.4 billion, increased 5%
•Diluted EPS of $2.24, increased 42%

Profitability
•Pre-tax operating margin of 37%
•ROTCE of 29.3% (a)

Balance sheet
•Average deposits of $318 billion, increased 13% year-over-year and 3% sequentially
•Tier 1 leverage ratio of 6.0%, decreased 27 bps year-over-year and 3 bps sequentially

Capital distribution
•Returned $1.4 billion of capital to common shareholders
•$376 million of dividends
•$983 million of share repurchases
•Total payout ratio of 87%
•Board of Directors authorized a new common share repurchase program of $10 billion
(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
BNY 1Q26 Financial Results
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per share amounts and unless otherwise noted;
not meaningful - N/M)		1Q26 vs.
1Q264Q251Q254Q251Q25
Fee revenue$3,768 $3,698 $3,403 2%     11%     
Investment and other revenue 271 135 230 N/MN/M
Total fee and other revenue4,039 3,833 3,633 5 11 
Net interest income1,370 1,346 1,159 2 18 
Total revenue5,409 5,179 4,792 4 13 
Provision for credit losses(7)(26)18 N/MN/M
Noninterest expense3,400 3,360 3,252 1 5 
Income before taxes2,016 1,845 1,522 9 32 
Provision for income taxes386 376 300 3 29 
Net income$1,630 $1,469 $1,222 11%     33%     
Net income applicable to common shareholders of The Bank of New York Mellon Corporation$1,562 $1,427 $1,149 9%     36%     
Operating leverage (a)
325 bps833  bps
Diluted earnings per common share$2.24 $2.02 $1.58 11%     42%     
Average common shares and equivalents outstanding - diluted (in thousands)
698,164 705,140 727,398 
Pre-tax operating margin37%36%32%
Metrics:
Average loans$81,058 $76,678 $69,670 6%16%     
Average deposits318,446 310,482 282,535 3 13 
AUC/A at period end (in trillions) (current period is preliminary)
59.4 59.3 53.1 — 12 
AUM at period end (in trillions) (current period is preliminary)
2.1 2.2 2.0 (2)6 
Non-GAAP measures, excluding notable items: (b)
Adjusted total revenue$5,409 $5,179 $4,752 4%14%
Adjusted noninterest expense3,386 3,309 3,212 2 5 
Adjusted operating leverage (a)
211 bps841 bps
Adjusted diluted earnings per common share$2.25 $2.08 $1.58 8%     42%
Adjusted pre-tax operating margin38%37%32%
(a)    Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense.
(b)    See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9 for additional information.
bps – basis points.
KEY DRIVERS (comparisons are 1Q26 vs. 1Q25, unless otherwise noted)
•Total revenue increased 13%, primarily reflecting:
•Fee revenue increased 11%, primarily reflecting higher client activity and net new business, higher market values and foreign exchange revenue, and a favorable impact of a weaker U.S. dollar, partially offset by the mix of AUM flows.
•Investment and other revenue increased primarily reflecting investment-related gains, partially offset by net securities losses.
•Net interest income increased 18%, primarily reflecting the continued reinvestment of investment securities at higher yields and balance sheet growth, partially offset by deposit margin compression.
•Provision for credit losses was a benefit of $7 million, primarily driven by improvements in commercial real estate exposure, partially offset by changes in macroeconomic and other factors.
•Noninterest expense increased 5%, reflecting higher investments and revenue-related expenses, an unfavorable impact of the weaker U.S. dollar and employee merit increases, partially offset by efficiency savings, lower severance expense and the net impact of adjustments for the FDIC special assessment.
•Effective tax rate of 19.1%, includes a tax benefit in 1Q26 from the annual vesting of stock awards.
Assets under custody and/or administration (“AUC/A”) and Assets under management (“AUM”)
•AUC/A increased 12%, primarily reflecting net client inflows, higher market values and the favorable impact of the weaker U.S. dollar.
•AUM increased 6%, primarily reflecting higher market values and the favorable impact of the weaker U.S. dollar, partially offset by cumulative net outflows.
Capital and liquidity
•$376 million of dividends to common shareholders (a); $983 million of common share repurchases.
•Return on common equity (“ROE”) – 16.1%.
•Return on tangible common equity (“ROTCE”) – 29.3% (b).
•Common Equity Tier 1 (“CET1”) ratio – 11.0%; Tier 1 leverage ratio – 6.0%.
•Average liquidity coverage ratio (“LCR”) – 111%; Average net stable funding ratio (“NSFR”) – 131%.
•Total Loss Absorbing Capacity (“TLAC”) ratios exceed minimum requirements.
(a)    Including dividend-equivalents on share-based awards.
(b)    See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9 for additional information.
Note: Throughout this document, sequential growth rates are unannualized.
2
BNY 1Q26 Financial Results
SECURITIES SERVICES BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M)1Q26 vs.
1Q264Q251Q254Q251Q25
Investment services fees:
Asset Servicing (a)
$1,170 $1,146 $1,050 2%11%
Issuer Services278 331 267 (16)4
Total investment services fees1,448 1,477 1,317 (2)10
Foreign exchange revenue196 142 136 3844
Other fees (b)
74 68 65 914
Total fee revenue1,718 1,687 1,518 213
Investment and other revenue203 62 140 N/MN/M
Total fee and other revenue1,921 1,749 1,658 1016
Net interest income757 735 630 3 20 
Total revenue2,678 2,484 2,288 817
Provision for credit losses(11)(13)8 N/MN/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 Services508 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%
(a)    In 1Q26, we realigned clients in Managed Accounts Solutions from the Asset Servicing line of business to the Wealth Solutions (formerly Pershing) line of business in the Market and Wealth Services business segment. Prior period amounts were revised for comparability.
(b)    Other fees primarily include financing-related fees.
(c)    Included in investment services fees reported in the Asset Servicing line of business.
(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 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 and $1.9 trillion at March 31, 2025.
(e)    Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY acts as agent on behalf of CIBC Mellon clients, which totaled $73 billion at March 31, 2026, $74 billion at Dec. 31, 2025 and $62 billion at March 31, 2025.


KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below.
•Asset Servicing – The year-over-year increase primarily reflects higher net interest income, 1Q26 investment gains and higher client activity, foreign exchange revenue and market values. The sequential increase primarily reflects 1Q26 investment gains, higher foreign exchange revenue, a 4Q25 investment loss and higher client activity and net interest income.
•Issuer Services – The year-over-year decrease primarily reflects a 1Q25 disposal gain, partially offset by higher Corporate Trust revenue. The sequential decrease primarily reflects lower Depositary Receipts revenue.
•Noninterest expense increased year-over-year primarily reflecting higher investments and revenue-related expenses, the unfavorable impact of the weaker U.S. dollar and employee merit increases, partially offset by efficiency savings. Sequentially, noninterest expense was flat reflecting higher investments, employee merit increases and higher revenue-related expenses, offset by efficiency savings and lower severance expense.
3
BNY 1Q26 Financial Results
MARKET AND WEALTH SERVICES BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M)1Q26 vs.
1Q264Q251Q254Q251Q25
Investment services fees:
Wealth Solutions (a)
$544 $518 $515 5%6%
Payments and Trade220 212 209 4 5 
Clearance and Collateral Management430 417 362 3 19 
Total investment services fees1,194 1,147 1,086 4 10 
Foreign exchange revenue36 28 29 29 24 
Other fees (b)
70 65 65 8 8 
Total fee revenue1,300 1,240 1,180 5 10 
Investment and other revenue21 9 21 N/MN/M
Total fee and other revenue1,321 1,249 1,201 6 10 
Net interest income571 569 497 — 15 
Total revenue1,892 1,818 1,698 4 11 
Provision for credit losses(6)(7)4 N/MN/M
Noninterest expense (a)
937 951 881 (1)6 
Income before taxes (a)
$961 $874 $813 10%18%
Total revenue by line of business:
Wealth Solutions (a)
$783 $754 $731 4%7%
Payments and Trade545 524 477 4 14 
Clearance and Collateral Management564 540 490 4 15 
Total revenue by line of business$1,892 $1,818 $1,698 4%11%
Pre-tax operating margin (a)
51%48%48%
Metrics:
Average loans$52,921 $49,613 $42,986 7%23%
Average deposits (a)
$103,043 $101,776 $91,906 1%12%
AUC/A at period end (in trillions) (current period is preliminary) (a)(c)
$16.5 $16.2 $14.9 2%11%
(a)    In 1Q26, we realigned clients in Managed Accounts Solutions from the Asset Servicing line of business in the Securities Services business segment to the Wealth Solutions (formerly Pershing) line of business. Prior period amounts were revised for comparability.
(b)    Other fees primarily include financing-related fees.
(c)    Consists of AUC/A from the Clearance and Collateral Management and Wealth Solutions (formerly Pershing) lines of business.


KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below.
•Wealth Solutions (formerly Pershing) – The year-over-year increase primarily reflects higher net interest income, market values and client activity. The sequential increase primarily reflects higher client activity and net new business.
•Payments and Trade – The year-over-year increase primarily reflects higher net interest income and net new business. The sequential increase primarily reflects a 4Q25 investment loss and net new business.
•Clearance and Collateral Management – The year-over-year and sequential increases primarily reflect higher collateral management balances and clearance volumes.
•Noninterest expense increased year-over-year primarily reflecting higher investments, employee merit increases, higher revenue-related expenses and the unfavorable impact of the weaker U.S. dollar, partially offset by efficiency savings. The sequential decrease primarily reflects lower severance expense and efficiency savings, partially offset by higher investments.
4
BNY 1Q26 Financial Results
INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M)1Q26 vs.
1Q264Q251Q254Q251Q25
Investment management fees$785 $793 $735 (1)%7%
Performance fees1 14 5 N/MN/M
Investment management and performance fees786 807 740 (3)6 
Distribution and servicing fees70 69 68 1 3 
Other fees (a)
(83)(84)(75)N/MN/M
Total fee revenue773 792 733 (2)5 
Investment and other revenue (b)
(1)11 5 N/MN/M
Total fee and other revenue (b)
772 803 738 (4)5 
Net interest income53 51 41 4 29 
Total revenue825 854 779 (3)6 
Provision for credit losses9 3 2 N/MN/M
Noninterest expense726 703 714 3 2 
Income before taxes$90 $148 $63 (39)%43%
Total revenue by line of business:
Investment Management$550 $577 $518 (5)%6%
Wealth Management275 277 261 (1)5 
Total revenue by line of business$825 $854 $779 (3)%6%
Pre-tax operating margin11%17%8%
Metrics:
Average loans$14,233 $13,931 $13,537 2%5%
Average deposits$9,592 $9,453 $9,917 1%(3)%
AUM (in billions) (current period is preliminary) (c)
$2,126 $2,178 $2,008 (2)%6%
Wealth Management client assets (in billions) (current period is preliminary) (d)
$339 $350 $327 (3)%4%
(a)    Other fees primarily include investment services fees.
(b)    Investment and other revenue and total fee and other revenue are net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds.
(c)    Represents assets managed in the Investment and Wealth Management business segment.
(d)    Includes AUM and AUC/A in the Wealth Management line of business.


KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below.
•Investment Management – The year-over-year increase primarily reflects higher market values and the favorable impact of the weaker U.S. dollar, partially offset by the mix of AUM flows. The sequential decrease primarily reflects the timing of performance fees and lower seed capital results.
•Wealth Management – The year-over-year increase primarily reflects higher market values and net interest income, partially offset by changes in product mix.
•Noninterest expense increased year-over-year primarily reflecting the unfavorable impact of the weaker U.S. dollar, employee merit increases and higher investments, partially offset by efficiency savings. The sequential increase primarily reflects higher revenue-related expenses and employee merit increases, partially offset by lower severance expense.
5
BNY 1Q26 Financial Results
OTHER SEGMENT

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

(dollars in millions)1Q264Q251Q25
Fee revenue$(23)$(21)$(28)
Investment and other revenue50 45 62 
Total fee and other revenue27 24 34 
Net interest income (expense) (11)(9)(9)
Total revenue16 15 25 
Provision for credit losses1 (9)4 
Noninterest expense89 55 88 
Loss before taxes$(74)$(31)$(67)


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 year-over-year decrease was primarily driven by net securities losses, partially offset by higher renewable energy investment gains.

•Noninterest expense increased sequentially primarily reflecting the net impact of the adjustments for the FDIC special assessment, partially offset by lower severance expense.


6
BNY 1Q26 Financial Results
CAPITAL AND LIQUIDITY

Capital and liquidity ratiosMarch 31, 2026Dec. 31, 2025
Consolidated regulatory capital ratios: (a)
CET1 ratio11.0%11.9%
Tier 1 capital ratio13.8 14.6 
Total capital ratio14.5 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 ratio8.0%9.4%
BNY common shareholders’ equity to total assets ratio7.0%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 
(a)    Regulatory capital and liquidity 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.
(b)    Tangible book value per common share – Non-GAAP excludes goodwill and intangible assets, net of deferred tax liabilities. See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9 for information on this Non-GAAP measure.


•CET1 capital of $21.1 billion was approximately flat compared with Dec. 31, 2025, reflecting capital generated through earnings, offset by capital returned through common stock repurchases and dividends and a net decrease in accumulated other comprehensive income. The CET1 ratio decreased compared with Dec. 31, 2025, primarily reflecting higher risk-weighted assets driven by a single-day increase in overnight loan balances on the last day of the quarter, along with higher client activity in agency securities lending and foreign exchange.

•Tier 1 capital of $26.4 billion, increased compared with Dec. 31, 2025, primarily due to the issuance of preferred stock. The Tier 1 leverage ratio decreased slightly compared with Dec. 31, 2025 reflecting higher average assets, largely offset by the increase in Tier 1 capital.


NET INTEREST INCOME

Net interest income1Q26 vs.
(dollars in millions; not meaningful - N/M)1Q264Q251Q254Q251Q25
Net interest income$1,370 $1,346 $1,159 2%18%
Add: Tax equivalent adjustment— — — N/MN/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 margin1.38%1.38%1.30%—  bps8  bps
Net interest margin (FTE) – Non-GAAP (a)
1.38%1.38%1.30%—  bps8  bps
(a)    Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP include the tax equivalent adjustments on tax-exempt income. See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9 for information on this Non-GAAP measure.
bps – basis points.


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

7
BNY 1Q26 Financial Results
THE BANK OF NEW YORK MELLON CORPORATION
Condensed Consolidated Income Statement

(dollars in millions)Quarter ended
March 31, 2026Dec. 31, 2025March 31, 2025
Fee and other revenue
Investment services fees$2,652 $2,632 $2,411 
Investment management and performance fees785 806 739 
Foreign exchange revenue232 171 156 
Financing-related fees62 53 60 
Distribution and servicing fees37 36 37 
Total fee revenue3,768 3,698 3,403 
Investment and other revenue271 135 230 
Total fee and other revenue4,039 3,833 3,633 
Net interest income
Interest income5,824 6,307 6,123 
Interest expense4,454 4,961 4,964 
Net interest income1,370 1,346 1,159 
Total revenue5,409 5,179 4,792 
Provision for credit losses(7)(26)18 
Noninterest expense
Staff1,888 1,812 1,834 
Software and equipment556 565 513 
Professional, legal and other purchased services388 429 366 
Sub-custodian and clearing151 139 131 
Net occupancy123 143 136 
Distribution and servicing73 73 65 
Business development50 71 48 
Bank assessment charges24 (22)38 
Amortization of intangible assets9 11 11 
Other 138 139 110 
Total noninterest expense3,400 3,360 3,252 
Income
Income before taxes2,016 1,845 1,522 
Provision for income taxes 386 376 300 
Net income1,630 1,469 1,222 
Net (income) loss attributable to noncontrolling interests related to consolidated investment management funds2 (8)(2)
Net income applicable to shareholders of The Bank of New York Mellon Corporation1,632 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 CorporationQuarter ended
March 31, 2026Dec. 31, 2025March 31, 2025
(in dollars)
Basic$2.26 $2.04 $1.59 
Diluted$2.24 $2.02 $1.58 

8
BNY 1Q26 Financial Results
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES

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

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

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

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

Reconciliation of Non-GAAP measures, excluding notable items1Q26 vs.
(dollars in millions, except per share amounts)1Q264Q251Q254Q251Q25
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 bps833 bps
Adjusted operating leverage – Non-GAAP (d)
211 bps841 bps
(a)    Reflected in Investment and other revenue.
(b)    Severance expense is reflected in Staff expense, Litigation reserves in Other expense, and FDIC special assessment in Bank assessment charges, respectively.
(c)    Does not foot due to rounding.
(d)    Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense.
bps - basis points.
9
BNY 1Q26 Financial Results
Pre-tax operating margin reconciliation
(dollars in millions)1Q264Q251Q25
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%
(a)    See page 9 for details of notable items and line items impacted.
(b)    Income before taxes divided by total revenue.


Return on common equity and return on tangible common equity reconciliation
(dollars in millions)1Q264Q251Q25
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 assets9 11 11 
Less: Tax impact of amortization of intangible assets2 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 goodwill16,774 16,777 16,615 
 Average intangible assets2,819 2,827 2,849 
Add: Deferred tax liability – tax deductible goodwill1,226 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%
(a)    See page 9 for details of notable items and line items impacted.
(b)    Returns are annualized.


CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS

A number of statements in this Earnings Release and in our Financial Supplement may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about our strategic priorities, financial performance and financial targets. Preliminary business metrics and regulatory capital ratios are subject to change, possibly materially, as we complete our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. Forward-looking statements are not guarantees of future results or occurrences, are inherently uncertain and are based upon current beliefs and expectations of future events, many of which are, by their nature, difficult to predict, outside of our control and subject to change.

By identifying these statements for you in this manner, we are alerting you to the possibility that our actual results may differ, possibly materially, from the anticipated results expressed or implied in these forward-looking statements as a result of a number of important factors, including the risk factors and other uncertainties set forth in our Annual Report on Form 10-K for the year ended Dec. 31, 2025 and our other filings with the Securities and Exchange Commission.

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

10
BNY 1Q26 Financial Results
ABOUT BNY

BNY is a global financial services platforms company at the heart of the world’s capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals. As of March 31, 2026, BNY oversees $59.4 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.

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


CONFERENCE CALL INFORMATION

Robin Vince, Chief Executive Officer, and Dermot McDonogh, Chief Financial Officer, will host a conference call and simultaneous live audio webcast at 11:00 a.m. ET on April 16, 2026. This conference call and audio webcast will include forward-looking statements and may include other material information.

Investors and analysts wishing to access the conference call and audio webcast may do so by dialing +1 800 330-6730 (U.S.) or
+1 646 769-9500 (International), and using the passcode: 200200, or by logging onto www.bny.com/investorrelations. Earnings materials will be available at www.bny.com/investorrelations beginning at approximately 6:30 a.m. ET on April 16, 2026.

An archived version of the first quarter conference call and audio webcast will be available beginning on April 16, 2026 at approximately 3:00 p.m. ET through May 15, 2026 at www.bny.com/investorrelations.
11


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The Bank of New York Mellon Corporation
Financial Supplement
First Quarter 2026



Table of Contents
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Consolidated ResultsPage
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

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CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)1Q26 vs.
1Q264Q253Q252Q251Q254Q251Q25
Selected income statement data
Fee and other revenue$4,039 $3,833 $3,845 $3,825 $3,633 5%11%
Net interest income1,370 1,346 1,236 1,203 1,159 2 18 
Total revenue5,409 5,179 5,081 5,028 4,792 4 13 
Provision for credit losses(7)(26)(7)(17)18 N/MN/M
Noninterest expense3,400 3,360 3,236 3,206 3,252 1 5 
Income before income taxes2,016 1,845 1,852 1,839 1,522 9 32 
Provision for income taxes386 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 margin37%36%36%37%32%
Return on common equity16.1%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 employees47,200 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 ratio24%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”) ratio11.0%11.9%11.7%11.5%11.5%
Tier 1 capital ratio13.8%14.6%14.4%14.5%14.6%
Total capital ratio14.5%15.4%15.3%15.5%15.7%
Tier 1 leverage ratio6.0%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.
3


THE BANK OF NEW YORK MELLON CORPORATION
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CONDENSED CONSOLIDATED INCOME STATEMENT
(dollars in millions, except per share amounts; common shares in thousands)1Q26 vs.
1Q264Q253Q252Q251Q254Q251Q25
Revenue
Investment services fees$2,652 $2,632 $2,585 $2,583 $2,411 1%10%
Investment management and performance fees785 806 782 758 739 (3)6 
Foreign exchange revenue232 171 166 213 156 36 49 
Financing-related fees62 53 67 51 60 17 3 
Distribution and servicing fees37 36 37 36 37 3 — 
Total fee revenue3,768 3,698 3,637 3,641 3,403 2 11 
Investment and other revenue271 135 208 184 230 N/MN/M
Total fee and other revenue4,039 3,833 3,845 3,825 3,633 5 11 
Net interest income1,370 1,346 1,236 1,203 1,159 2 18 
Total revenue5,409 5,179 5,081 5,028 4,792 4 13 
Provision for credit losses(7)(26)(7)(17)18 N/MN/M
Noninterest expense
Staff1,888 1,812 1,745 1,768 1,834 4 3 
Software and equipment556 565 542 527 513 (2)8 
Professional, legal and other purchased services388 429 404 388 366 (10)6 
Sub-custodian and clearing151 139 141 150 131 9 15 
Net occupancy 123 143 140 132 136 (14)(10)
Distribution and servicing73 73 68 63 65 — 12 
Business development50 71 45 53 48 (30)4 
Bank assessment charges24 (22)6 22 38 N/MN/M
Amortization of intangible assets9 11 12 11 11 (18)(18)
Other138 139 133 92 110 (1)25 
Total noninterest expense3,400 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) loss attributable to noncontrolling interests2 (8)(12)(12)(2)N/MN/M
Preferred stock dividends(70)(34)(106)(32)(71)N/MN/M
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%
Average common shares and equivalents outstanding: Basic691,178 697,540 705,873 714,799 720,951 (1)%(4)%
Diluted698,164 705,140 712,854 720,007 727,398 (1)%(4)%
Earnings per common share: Basic$2.26 $2.04 $1.90 $1.95 $1.59 11%42%
Diluted$2.24 $2.02 $1.88 $1.93 $1.58 11%42%
N/M – Not meaningful.
4


THE BANK OF NEW YORK MELLON CORPORATION
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CONDENSED CONSOLIDATED BALANCE SHEET
20262025
(dollars in millions)
March 31 (a)
Dec. 31Sept. 30June 30March 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 banks170,202 116,009 106,368 135,602 102,303 
Interest-bearing deposits with banks13,544 10,397 11,027 12,069 11,945 
Federal funds sold and securities purchased under resale agreements43,660 44,892 41,863 45,547 41,316 
Securities155,615 150,200 149,528 147,068 145,385 
Trading assets16,488 14,276 13,625 12,610 11,978 
Loans101,261 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 equipment3,796 3,581 3,549 3,289 3,257 
Accrued interest receivable1,402 1,435 1,426 1,348 1,302 
Goodwill16,734 16,767 16,773 16,823 16,661 
Intangible assets2,809 2,822 2,834 2,849 2,846 
Other assets29,853 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 agreements19,506 18,992 16,585 15,492 15,663 
Trading liabilities4,747 6,135 3,499 6,134 4,580 
Payables to customers and broker-dealers24,754 21,872 23,638 21,273 22,244 
Commercial paper1,002 2,003 2,364 2,361 1,662 
Other borrowed funds175 422 283 293 212 
Accrued taxes and other expenses4,449 5,544 4,920 4,634 4,438 
Other liabilities11,903 8,757 12,678 11,233 8,756 
Long-term debt32,582 31,873 32,287 33,429 30,869 
Total liabilities
516,198 427,492 410,951 441,242 397,068 
Temporary equity
Redeemable noncontrolling interests81 87 111 111 94 
Permanent equity
Preferred stock5,331 4,836 4,836 5,331 5,331 
Common stock14 14 14 14 14 
Additional paid-in capital30,142 29,907 29,795 29,659 29,535 
Retained earnings47,582 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’ equity44,783 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.
5


THE BANK OF NEW YORK MELLON CORPORATION
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FEE AND OTHER REVENUE
1Q26 vs.
(dollars in millions)1Q264Q253Q252Q251Q254Q251Q25
Investment services fees$2,652 $2,632 $2,585 $2,583 $2,411 1%10%
Investment management and performance fees:
Investment management fees (a)
784 792 776 748 734 (1)7
Performance fees1 14 6 10 5 N/MN/M
Total investment management and performance fees (b)
785 806 782 758 739 (3)6
Foreign exchange revenue232 171 166 213 156 3649 
Financing-related fees62 53 67 51 60 17 3 
Distribution and servicing fees37 36 37 36 37 3 — 
Total fee revenue3,768 3,698 3,637 3,641 3,403 211
Investment and other revenue:
Income (loss) from consolidated investment management funds(6)19 23 35 6 N/MN/M
Seed capital gains (losses) (c)
(3)4 8 8 (6)N/MN/M
Other trading revenue94 76 73 59 71 N/MN/M
Renewable energy investment gains44 6 19 15 15 N/MN/M
Corporate/bank-owned life insurance48 51 41 35 38 N/MN/M
Other investments gains (losses) (d)
108 (43)7 26 24 N/MN/M
Disposal gains (losses)— — 12 — 40 N/MN/M
Expense reimbursements from joint venture32 35 36 34 31 N/MN/M
Other income4 2 19 7 11 N/MN/M
Net securities gains (losses)(50)(15)(30)(35)— N/MN/M
Total investment and other revenue271 135 208 184 230 N/MN/M
Total fee and other revenue$4,039 $3,833 $3,845 $3,825 $3,633 5%11%
(a) Excludes seed capital gains (losses) related to consolidated investment management funds.
(b) On a constant currency basis, investment management and performance fees increased 4% (Non-GAAP) compared with 1Q25. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.
(c) Includes gains (losses) on investments in BNY funds which hedge deferred incentive awards.
(d) Includes strategic equity, private equity and other investments.
N/M – Not meaningful.

6


THE BANK OF NEW YORK MELLON CORPORATION
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AVERAGE BALANCES AND INTEREST RATES
1Q264Q253Q252Q251Q25
Average balanceAverage rateAverage balanceAverage rateAverage balanceAverage rateAverage balanceAverage rateAverage balanceAverage rate
(dollars in millions; average rates are annualized)
Assets
Interest-earning assets:
Interest-bearing deposits with the Federal Reserve and other central banks$97,886 3.19%$97,489 3.38%$94,533 3.69%$99,426 3.73%$86,038 3.84%
Interest-bearing deposits with banks12,049 2.30 11,440 2.53 10,980 2.97 11,199 3.10 10,083 3.39 
Federal funds sold and securities purchased under resale agreements42,848 24.29 (a)43,363 26.99 (a)40,885 30.66 (a)39,522 32.23 (a)41,166 28.79 (a)
Loans81,058 5.09 76,678 5.46 72,692 5.80 71,265 5.81 69,670 5.80 
Securities:
U.S. government obligations34,521 3.50 33,726 3.49 31,754 3.59 29,279 3.63 26,614 3.49 
U.S. government agency obligations63,975 3.29 61,578 3.29 61,174 3.40 62,874 3.36 63,514 3.27 
Other securities55,405 3.45 55,119 3.54 54,986 3.61 54,610 3.58 51,403 3.62 
Total investment securities153,901 3.39 150,423 3.43 147,914 3.52 146,763 3.49 141,531 3.44 
Trading securities (b)
8,568 4.26 7,896 4.82 7,489 5.02 7,367 4.84 6,199 5.29 
Total securities (b)
162,469 3.44 158,319 3.50 155,403 3.59 154,130 3.56 147,730 3.52 
Total interest-earning assets (b)
$396,310 5.94%$387,289 6.46%$374,493 6.98%$375,542 7.03%$354,687 6.97%
Noninterest-earning assets65,618 63,924 62,998 63,066 61,157 
Total assets$461,928 $451,213 $437,491 $438,608 $415,844 
Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits$263,497 2.39%$258,640 2.58%$248,016 2.90%$250,688 2.95%$234,394 2.98%
Federal funds purchased and securities sold under repurchase agreements19,457 47.90 (a)18,105 57.66 (a)16,242 69.11 (a)17,485 65.95 (a)17,566 60.25 (a)
Trading liabilities2,565 4.17 2,839 4.03 3,333 4.40 2,821 4.94 2,063 4.56 
Other borrowed funds325 5.01 339 4.57 243 4.63 432 5.06 288 5.93 
Commercial paper1,945 3.97 2,310 4.32 3,268 4.63 2,511 4.56 1,279 4.51 
Payables to customers and broker-dealers17,636 3.47 16,764 4.02 16,434 4.34 15,494 4.19 15,142 4.21 
Long-term debt32,542 4.93 32,135 5.09 32,503 5.53 31,805 5.64 31,216 5.57 
Total interest-bearing liabilities$337,967 5.34%$331,132 5.94%$320,039 6.64%$321,236 6.74%$301,948 6.66%
Total noninterest-bearing deposits54,949 51,842 51,310 49,610 48,141 
Other noninterest-bearing liabilities24,116 23,858 21,674 24,073 23,808 
Total The Bank of New York Mellon Corporation shareholders’ equity44,432 43,978 43,974 43,223 41,542 
Noncontrolling interests464 403 494 466 405 
Total liabilities and equity$461,928 $451,213 $437,491 $438,608 $415,844 
Net interest margin1.38%1.38%1.31%1.27%1.30%
Net interest margin (FTE) – Non-GAAP (c)
1.38%1.38%1.31%1.27%1.30%
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $233 billion for 1Q26, $242 billion for 4Q25, $241 billion for 3Q25, $247 billion for 2Q25 and $224 billion for 1Q25. On a Non-GAAP basis, excluding the impact of offsetting, the yield on federal funds sold and securities purchased under resale agreements would have been 3.78% for 1Q26, 4.11% for 4Q25, 4.45% for 3Q25, 4.45% for 2Q25 and 4.46% for 1Q25. On a Non-GAAP basis, excluding the impact of offsetting, the rate on federal funds purchased and securities sold under repurchase agreements would have been 3.70% for 1Q26, 4.02% for 4Q25, 4.36% for 3Q25, 4.36% for 2Q25 and 4.37% for 1Q25. 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.
7


THE BANK OF NEW YORK MELLON CORPORATION
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CAPITAL AND LIQUIDITY
20262025
(dollars in millions)March 31Dec. 31Sept. 30June 30March 31
Consolidated regulatory capital ratios: (a)
Standardized Approach:
CET1 capital$21,114 $21,086 $20,645 $20,149 $19,505 
Tier 1 capital26,441 25,909 25,471 25,472 24,783 
Total capital27,933 27,390 27,079 27,243 26,581 
Risk-weighted assets192,263 177,677 176,432 175,668 169,262 
CET1 ratio11.0%11.9%11.7%11.5%11.5%
Tier 1 capital ratio13.8 14.6 14.4 14.5 14.6 
Total capital ratio14.5 15.4 15.3 15.5 15.7 
Advanced Approaches:
CET1 capital$21,114 $21,086 $20,645 $20,149 $19,505 
Tier 1 capital26,441 25,909 25,471 25,472 24,783 
Total capital27,586 27,046 26,734 26,897 26,246 
Risk-weighted assets166,609 162,418 168,841 168,748 162,234 
CET1 ratio12.7%13.0%12.2%11.9%12.0%
Tier 1 capital ratio15.9 16.0 15.1 15.1 15.3 
Total capital ratio16.6 16.7 15.8 15.9 16.2 
Tier 1 leverage ratio: (a)
Average assets for Tier 1 leverage ratio$443,562 $432,803 $419,077 $420,131 $397,513 
Tier 1 leverage ratio6.0%6.0%6.1%6.1%6.2%
SLR: (a)
Leverage exposure$402,005 $388,529 $377,728 $369,838 $359,666 
SLR6.6%6.7%6.7%6.9%6.9%
Average liquidity coverage ratio (a)
111%112%112%112%116%
Average net stable funding ratio (a)
131%130%130%131%132%
(a) Regulatory capital and liquidity 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.
8


THE BANK OF NEW YORK MELLON CORPORATION
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SECURITIES SERVICES BUSINESS SEGMENT
1Q26 vs.
(dollars in millions)1Q264Q253Q252Q251Q254Q251Q25
Revenue:
Investment services fees:
Asset Servicing (a)
$1,170 $1,146 $1,129 $1,082 $1,050 2%11%
Issuer Services278 331 313 376 267 (16)4 
Total investment services fees1,448 1,477 1,442 1,458 1,317 (2)10 
Foreign exchange revenue196 142 143 175 136 38 44 
Other fees (b)
74 68 73 60 65 9 14 
Total fee revenue1,718 1,687 1,658 1,693 1,518 2 13 
Investment and other revenue203 62 119 94 140 N/MN/M
Total fee and other revenue1,921 1,749 1,777 1,787 1,658 10 16 
Net interest income757 735 670 675 630 3 20 
Total revenue2,678 2,484 2,447 2,462 2,288 8 17 
Provision for credit losses(11)(13)(3)(13)8 N/MN/M
Total noninterest expense (a)
1,648 1,651 1,639 1,605 1,569 — 5 
Income before income taxes (a)
$1,041 $846 $811 $870 $711 23%46%
Total revenue by line of business:
Asset Servicing (a)
$2,170 $1,932 $1,903 $1,858 $1,774 12%22%
Issuer Services508 552 544 604 514 (8)(1)
Total revenue by line of business$2,678 $2,484 $2,447 $2,462 $2,288 8%17%
Financial ratios:
Pre-tax operating margin (a)
39%34%33%35%31%
Memo: Securities lending revenue (c)
$72 $69 $62 $56 $52 4%38%
(a) In 1Q26, we realigned clients in Managed Accounts Solutions from the Asset Servicing line of business to the Wealth Solutions (formerly Pershing) line of business in the Market and Wealth Services business segment. Prior period amounts were revised for comparability.
(b) Other fees primarily include financing-related fees.
(c) Included in investment services fees reported in the Asset Servicing line of business.
N/M – Not meaningful.
9


THE BANK OF NEW YORK MELLON CORPORATION
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SECURITIES SERVICES BUSINESS SEGMENT
1Q26 vs.
(dollars in millions, unless otherwise noted)1Q264Q253Q252Q251Q254Q251Q25
Selected balance sheet data:
Average loans$12,265 $11,439 $10,706 $11,327 $11,347 7%8%
Average assets (a)(b)
$218,500 $211,728 $201,965 $206,064 $194,418 3%12%
Average deposits (b)
$197,789 $192,771 $183,070 $185,823 $175,853 3%12%
Selected metrics:
AUC/A at period end (in trillions) (b)(c)(d)
$42.7 $42.7 $41.5 $39.9 $37.9 —%13%
Market value of securities on loan at period end (in billions) (e)
$629 $604 $554 $516 $504 4%25%
Issuer Services
Total debt serviced at period end (in trillions)
$15.0 $14.8 $14.5 $14.3 $13.9 1%8%
Number of Depositary Receipts programs at period end1,632 1,614 1,601 1,568 1,576 1%4%
(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) In 1Q26, we realigned clients in Managed Accounts Solutions from the Asset Servicing line of business to the Wealth Solutions (formerly Pershing) line of business in the Market and Wealth Services business segment. Prior period amounts were revised for comparability.
(c) March 31, 2026 information is preliminary.
(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 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.
(e) Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY acts as agent on behalf of CIBC Mellon clients, which totaled $73 billion at March 31, 2026, $74 billion at Dec. 31, 2025, $81 billion at Sept. 30, 2025, $68 billion at June 30, 2025 and $62 billion at March 31, 2025.
10


THE BANK OF NEW YORK MELLON CORPORATION
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MARKET AND WEALTH SERVICES BUSINESS SEGMENT
1Q26 vs.
(dollars in millions)1Q264Q253Q252Q251Q254Q251Q25
Revenue:
Investment services fees:
Wealth Solutions (a)
$544 $518 $520 $525 $515 5%6%
Payments and Trade220 212 214 209 209 4 5 
Clearance and Collateral Management430 417 398 385 362 3 19 
Total investment services fees1,194 1,147 1,132 1,119 1,086 4 10 
Foreign exchange revenue36 28 31 30 29 29 24 
Other fees (b)
70 65 70 63 65 8 8 
Total fee revenue1,300 1,240 1,233 1,212 1,180 5 10 
Investment and other revenue21 9 22 36 21 N/MN/M
Total fee and other revenue1,321 1,249 1,255 1,248 1,201 6 10 
Net interest income571 569 524 506 497 — 15 
Total revenue1,892 1,818 1,779 1,754 1,698 4 11 
Provision for credit losses(6)(7)(3)(6)4 N/MN/M
Total noninterest expense (a)
937 951 912 912 881 (1)6 
Income before income taxes (a)
$961 $874 $870 $848 $813 10%18%
Total revenue by line of business:
Wealth Solutions (a)
$783 $754 $741 $751 $731 4%7%
Payments and Trade545 524 510 490 477 4 14 
Clearance and Collateral Management564 540 528 513 490 4 15 
Total revenue by line of business$1,892 $1,818 $1,779 $1,754 $1,698 4%11%
Financial ratios:
Pre-tax operating margin (a)
51%48%49%48%48%
(a) In 1Q26, we realigned clients in Managed Accounts Solutions from the Asset Servicing line of business in the Securities Services business segment to the Wealth Solutions (formerly Pershing) line of business. Prior period amounts were revised for comparability.
(b) Other fees primarily include financing-related fees.
N/M – Not meaningful.

11


THE BANK OF NEW YORK MELLON CORPORATION
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MARKET AND WEALTH SERVICES BUSINESS SEGMENT
1Q26 vs.
(dollars in millions, unless otherwise noted)1Q264Q253Q252Q251Q254Q251Q25
Selected balance sheet data:
Average loans$52,921 $49,613 $46,278 $44,262 $42,986 7%23%
Average assets (a)(b)
$147,689 $145,105 $137,592 $135,607 $129,727 2%14%
Average deposits (b)
$103,043 $101,776 $97,508 $96,574 $91,906 1%12%
Selected metrics:
AUC/A at period end (in trillions) (b)(c)(d)
$16.5 $16.2 $16.0 $15.6 $14.9 2%11%
Wealth Solutions (formerly Pershing)
AUC/A at period end (in trillions) (b)(c)
$3.3 $3.3 $3.2 $3.0 $2.9 —%14%
Net new assets (U.S. platform) (in billions) (e)
$22 $51 $3 $(10)$11 N/MN/M
Daily average revenue trades (“DARTs”) (U.S. platform) (in thousands)
352 285 269 334 298 24%18%
Average active clearing accounts (in thousands)
8,601 8,487 8,387 8,405 8,406 1%2%
Payments and Trade
Average daily U.S. dollar payment volumes257,960 258,080 246,286 246,250 244,673 —%5%
Clearance and Collateral Management
Average collateral balances (in billions)
$7,783 $7,453 $7,275 $7,061 $6,576 4%18%
(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) In 1Q26, we realigned clients in Managed Accounts Solutions from the Asset Servicing line of business in the Securities Services business segment to the Wealth Solutions (formerly Pershing) line of business. Prior period amounts were revised for comparability.
(c) March 31, 2026 information is preliminary.
(d) Consists of AUC/A from the Clearance and Collateral Management and Wealth Solutions (formerly Pershing) lines of business.
(e) 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.
12


THE BANK OF NEW YORK MELLON CORPORATION
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INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT
1Q26 vs.
(dollars in millions)1Q264Q253Q252Q251Q254Q251Q25
Revenue:
Investment management fees$785 $793 $776 $748 $735 (1)%7%
Performance fees1 14 6 10 5 N/MN/M
Investment management and performance fees (a)
786 807 782 758 740 (3)6 
Distribution and servicing fees70 69 69 69 68 1 3 
Other fees (b)
(83)(84)(78)(76)(75)N/MN/M
Total fee revenue773 792 773 751 733 (2)5 
Investment and other revenue (c)
(1)11 10 9 5 N/MN/M
Total fee and other revenue (c)
772 803 783 760 738 (4)5 
Net interest income53 51 41 41 41 4 29 
Total revenue 825 854 824 801 779 (3)6 
Provision for credit losses9 3 — — 2 N/MN/M
Total noninterest expense726 703 640 653 714 3 2 
Income before income taxes$90 $148 $184 $148 $63 (39)%43%
Total revenue by line of business:
Investment Management$550 $577 $559 $543 $518 (5)%6%
Wealth Management275 277 265 258 261 (1)5 
Total revenue by line of business$825 $854 $824 $801 $779 (3)%6%
Financial ratios:
Pre-tax operating margin11%17%22%19%8%
Selected balance sheet data:
Average loans$14,233 $13,931 $14,143 $13,991 $13,537 2%5%
Average assets (d)
$27,261 $26,948 $27,247 $27,114 $26,402 1%3%
Average deposits$9,592 $9,453 $9,201 $9,216 $9,917 1%(3)%
(a) On a constant currency basis, investment management and performance fees increased 4% (Non-GAAP) compared with 1Q25. 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) 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.
13


THE BANK OF NEW YORK MELLON CORPORATION
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AUM BY PRODUCT TYPE, CHANGES IN AUM AND WEALTH MANAGEMENT CLIENT ASSETS
1Q26 vs.
(dollars in billions)1Q264Q253Q252Q251Q254Q251Q25
AUM by product type: (a)(b)
Equity$172 $179 $180 $168 $156 (4)%10%
Fixed income261 262 257 248 234 — 12 
Index497 517 512 488 470 (4)6 
Liability-driven investments530 539 537 588 549 (2)(3)
Multi-asset and alternative investments181 186 181 173 167 (3)8 
Cash485 495 475 441 432 (2)12 
Total AUM$2,126 $2,178 $2,142 $2,106 $2,008 (2)%6%
Changes in AUM: (a)(b)
Beginning balance of AUM$2,178 $2,142 $2,106 $2,008 $2,029 
Net inflows (outflows):
Long-term strategies:
Equity(4)(4)(8)(3)(3)
Fixed income3 5 7 5 2 
Liability-driven investments1 (15)(23)— 1 
Multi-asset and alternative investments— (1)(1)(4)(2)
Total long-term active strategies inflows (outflows)— (15)(25)(2)(2)
Index(7)(8)(8)(22)(11)
Total long-term strategies inflows (outflows)(7)(23)(33)(24)(13)
Short-term strategies:
Cash(10)20 34 7 (5)
Total net inflows (outflows) (17)(3)1 (17)(18)
Net market impact(23)40 30 70 (25)
Net currency impact(12)(1)(10)45 22 
Other— — 15 (c)— — 
Ending balance of AUM$2,126 $2,178 $2,142 $2,106 $2,008 (2)%6%
Wealth Management client assets (a)(d)
$339 $350 $348 $339 $327 (3)%4%
(a) March 31, 2026 information is preliminary.
(b) Represents assets managed in the Investment and Wealth Management business segment.
(c) Reflects a change in methodology beginning in the third quarter of 2025 to include assets under advisement.
(d) Includes AUM and AUC/A in the Wealth Management line of business.
14


THE BANK OF NEW YORK MELLON CORPORATION
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OTHER SEGMENT
(dollars in millions)1Q264Q253Q252Q251Q25
Revenue:
Fee revenue$(23)$(21)$(27)$(15)$(28)
Investment and other revenue50 45 45 33 62 
Total fee and other revenue27 24 18 18 34 
Net interest income (expense)(11)(9)1 (19)(9)
Total revenue16 15 19 (1)25 
Provision for credit losses1 (9)(1)2 4 
Noninterest expense89 55 45 36 88 
Loss before income taxes$(74)$(31)$(25)$(39)$(67)
Selected balance sheet data:
Average loans and leases$1,639 $1,695 $1,565 $1,685 $1,800 
Average assets $68,478 $67,432 $70,687 $69,823 $65,297 
15


THE BANK OF NEW YORK MELLON CORPORATION
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SECURITIES PORTFOLIO
(dollars in millions)Dec. 31, 20251Q26
change in
unrealized
gain (loss)		March 31, 2026
Fair value
as a % of amortized
cost (a)
Unrealized
gain (loss)
% Floating
rate (b)
Ratings (c)
Amortized
cost (a)
Fair valueAAA/
AA-		A+/
A-		BBB+/
BBB-		BB+ and
lower		Not
rated
 Fair value
Agency RMBS$45,383 $(232)$51,648 $49,103 95%$(2,545)23%100%—%—%—%—%
U.S. Treasury33,386 (142)35,990 35,783 99 (207)38 100 — — — — 
Non-U.S. government (d)
34,224 (237)33,695 33,435 99 (260)24 84 16 — — — 
Agency commercial MBS9,600 5 9,603 9,380 98 (223)45 100 — — — — 
Foreign covered bonds
8,806 (36)8,761 8,707 99 (54)38 100 — — — — 
CLOs7,958 (12)8,349 8,337 100 (12)100 100 — — — — 
U.S. government agencies
4,029 (7)4,176 4,003 96 (173)27 100 — — — — 
Non-agency commercial MBS
2,196 (2)2,180 2,094 96 (86)45 100 — — — — 
Non-agency RMBS1,515 (2)1,645 1,529 93 (116)48 100 — — — — 
Other asset-backed securities
376 1 367 347 95 (20)21 100 — — — — 
Other debt securities10 1 11 11 100 — — — — — — 100 
Total securities$147,483 $(663)$156,425 $152,729 (e)98%$(3,696)(f)34%96%4%—%—%—%
(a) Amortized cost includes the impact of hedged item basis adjustments, which was a net decrease of $1,099 million, and is net of allowance for credit losses.
(b) Includes the impact of hedges.
(c) Represents ratings by S&P, or the equivalent.
(d) Includes supranational securities.
(e) The fair value of available-for-sale securities totaled $106,785 million at March 31, 2026, or 70% of the securities portfolio. The fair value of the held-to-maturity securities totaled $45,944 million at March 31, 2026, or 30% of the securities portfolio.
(f) At March 31, 2026, includes a pre-tax net unrealized loss of $810 million related to available-for-sale securities, net of hedges, and $2,886 million related to held-to-maturity securities. The after-tax unrealized loss, net of hedges, related to available-for-sale securities was $610 million, and the after-tax unrealized loss related to held-to-maturity securities was $2,201 million.
Note: At March 31, 2026, the accretable discount relating to securities was $2,834 million. Including the discontinued hedges, net accretion was $125 million in 1Q26.
16


THE BANK OF NEW YORK MELLON CORPORATION
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ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS
20262025
(dollars in millions)March 31Dec. 31Sept. 30June 30March 31
Allowance for credit losses – beginning of period:
Allowance for loan losses$245 $272 $275 $295 $294 
Allowance for lending-related commitments74 63 70 75 72 
Allowance for other financial instruments (a)
25 33 34 31 26 
Allowance for credit losses – beginning of period$344 $368 $379 $401 $392 
Net (charge-offs) recoveries:
Charge-offs(1)— (5)(10)(10)
Recoveries11 2 1 5 1 
Total net (charge-offs) recoveries10 2 (4)(5)(9)
Provision for credit losses (b)
(7)(26)(7)(17)18 
Allowance for credit losses – end of period$347 $344 $368 $379 $401 
Allowance for credit losses – end of period:
Allowance for loan losses$237 $245 $272 $275 $295 
Allowance for lending-related commitments85 74 63 70 75 
Allowance for other financial instruments (a)
25 25 33 34 31 
Allowance for credit losses – end of period$347 $344 $368 $379 $401 
Allowance for loan losses as a percentage of total loans0.23%0.30%0.36%0.38%0.41%
Nonperforming assets$69 $143 $160 $161 $213 
(a) Includes allowance for credit losses on federal funds sold and securities purchased under resale agreements, available-for-sale securities, held-to-maturity securities, accounts receivable, cash and due from banks and interest-bearing deposits with banks.
(b) Includes all instruments within the scope of ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments.
17


THE BANK OF NEW YORK MELLON CORPORATION
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EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
BNY has included in this Financial Supplement certain Non-GAAP financial measures on a tangible basis as a supplement to GAAP information, which exclude goodwill and intangible assets, net of deferred tax liabilities. We believe that the return on tangible common equity – Non-GAAP is additional useful information for investors because it presents a measure of those assets that can generate income, and the tangible book value per common share – Non-GAAP is additional useful information because it presents the level of tangible assets in relation to shares of common stock outstanding.
Net interest income, on a fully taxable equivalent (“FTE”) basis – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income which allows for the comparison of amounts arising from both taxable and tax-exempt sources and is consistent with industry practice. The adjustment to an FTE basis has no impact on net income.
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)1Q264Q253Q252Q251Q25
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 assets9 11 12 11 11 
Less: Tax impact of amortization of intangible assets2 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 goodwill16,774 16,777 16,787 16,748 16,615 
 Average intangible assets2,819 2,827 2,842 2,850 2,849 
Add: Deferred tax liability – tax deductible goodwill1,226 1,227 1,236 1,236 1,226 
 Deferred tax liability – intangible assets660 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-GAAP29.3%26.6%25.6%27.8%24.2%
18


THE BANK OF NEW YORK MELLON CORPORATION
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EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Book value and tangible book value per common share reconciliation20262025
(dollars in millions, except common shares and unless otherwise noted)March 31Dec. 31Sept. 30June 30March 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 stock5,331 4,836 4,836 5,331 5,331 
The Bank of New York Mellon Corporation common shareholders’ equity at period end – GAAP39,452 39,477 39,043 38,619 37,788 
Less: Goodwill16,734 16,767 16,773 16,823 16,661 
Intangible assets2,809 2,822 2,834 2,849 2,846 
Add: Deferred tax liability – tax deductible goodwill1,226 1,227 1,236 1,236 1,226 
Deferred tax liability – intangible assets660 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)1Q264Q253Q252Q251Q25
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 reconciliations1Q26 vs.
(dollars in millions)1Q261Q251Q25
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%
19

1Q26 April 16, 2026 QUARTERLY UPDATE

 

2 • Revenue Growth: Revenue of $5.4bn up 13% YoY • Expense Discipline: Expense of $3.4bn up 5% YoY • Margin Expansion: – 833 bps of operating leverage(b) – Pre-tax margin of 37% up 6%-pts YoY • Improved Profitability: – ROE of 16.1% up 3.5%-pts YoY – ROTCE(a) of 29.3% up 5.1%-pts YoY • EPS Growth: EPS of $2.24 up 42% YoY • Attractive Capital Returns: Returned $1.4bn to common shareholders, including $376mm of dividends and $983mm of share repurchases – Total payout ratio of 87% – Board of Directors authorized a new common share repurchase program of $10bn 1Q26 Financial Highlights + 42% Revenue: + 13% 37% ROTCE(a): 29% Tier 1 Leverage: 6.0% + 5% Pre-tax Margin: EPS: Expenses: (a) Represents a non-GAAP measure. See page 14 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE. (b) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. Note: Above comparisons are 1Q26 vs. 1Q25, unless otherwise noted.

 

3 • Creation of the “digital employee” – Multi-agentic AI solutions that operate alongside human colleagues • Launched Eliza 2.0, a more advanced, agentic experience • Entered into a multi-year collaboration with OpenAI • Deepened engagement with academia to drive research and innovation in AI • Further expanded Eliza's governance and control capabilities, including a single pane of glass for enterprise AI initiatives • Built foundation of secure, resilient and scalable infrastructure • Deployed advanced monitoring, AI and machine learning in our Cyber, Technology and Operations Center for detection and rapid response Evolution of AI at BNY With the creation of the BNY AI Hub in 2023, we established the foundation for our ever-accelerating AI evolution 20252023 2024 • Creation of the BNY AI Hub, bringing together data science, AI and machine learning teams • Identified 30 areas of opportunity for AI deployment across BNY • Expanded cloud and AI collaboration with Microsoft to scale generative AI • Built on-premise GPU infrastructure powered by NVIDIA SuperPODs to supplement our cloud solutions • Launched Eliza, BNY’s AI platform – A multi-agentic, general- intelligence-model- agnostic platform – Integrates models from e.g., OpenAI, Google, Anthropic • Published “Our Commitment to the Responsible, Ethical Use of Data and AI” Up until 2022

 

4 Our Vision: AI for Everyone, Everywhere, and Everything Success in AI adoption and implementation starts with culture CULTURE BREADTH DEPTH • BNY’s cultural transformation of the past few years, including our ongoing transition into the platforms operating model, have created a fertile ground for AI adoption and implementation • Proprietary AI training and development programs available to every employee, beginning with every analyst as part of their orientation programming – Delivered 171,000 AI learning hours in 2025, spanning live AI bootcamps, curated learning pathways and personalized AI learning courses • 100% of employees have access to cutting-edge technology and deep research capabilities through Eliza, BNY’s AI platform • Approximately 50% of employees are daily users of AI and over 50% are building AI agents, supported by our global AI talent development programs that train our people – both engineers and employees without a technical background – to embed AI directly into daily workflows • ~220 enterprise AI solutions in production, and ~140 digital employees • Enhanced security and resilience • Deepening process excellence across: – High-volume workflows – embedding AI to automate at scale, e.g., multi-currency payments processing – Specialized products – applying domain-trained AI to complex financial activities, e.g., anomaly detection in net asset value ("NAV") calculation – Customized solutions – delivering client-specific solutions, e.g., onboarding, portfolio-level credit risk analysis

 

5 30 30 33 36 2022 2023 2024 2025 Medium- term 21.1 21.8 23.8 26.4 2022 2023 2024 2025 Medium- term OUTPUTS PROSPECTING TRANSACTINGINNOVATING STREAMLININGONBOARDING ~50% Of any annual account plan is drafted using AI as of 2025 ~60% Faster client account plan completion in 2025 vs. 2024 ~25% Of new onboardings supported with an AI- enabled process in 1Q26 >20% Faster completion of certain onboarding processes for corporate clients in 1Q26 vs. 1Q25 ~70% Of restricted party screening for payments reviewed by AI >30% Faster resolution of restricted party screening when reviewed by AI >10% Of custody settlement transaction status inquiries addressed by AI as of 1Q26 >80% Faster investigation of settlement inquiries when addressed by AI in 1Q26 vs. 1Q25 >40% Of code authored by AI in 1Q26 >10% Increase in software releases in 1Q26 vs. 1Q25 $338 $339 $355 $401 2022 2023 2024 2025 $99 $103 $116 $143 2022 2023 2024 2025 Our Strategy and Execution: Reimagining BNY with AI at our Core Breadth and depth of adoption enables deep AI-integration into our workflows across the entire company PROFITABILITY Revenue per Employee(a)(b) ($'000) (excluding notable items) Pre-tax Income per Employee(a)(b) ($'000) (excluding notable items) Pre-tax Margin(a)(c) (%) (excluding notable items) ROTCE(a)(d) (%) (excluding notable items) 38 +/- 28 +/- SCALABILITY PRODUCTIVITY INPUTS Our work to reimagine BNY is showing results, and will increasingly be enabled by AI (a) Represents a non-GAAP measure. See pages 14 and 16 in the Appendix for the corresponding reconciliations of the non-GAAP measures excluding notable items. (e) Represents a forward-looking non-GAAP financial measure. See "Cautionary Statement" on page 17 for information regarding forward-looking non-GAAP financial measures. Note: See page 13 in the Appendix for corresponding footnotes. Medium-term refers to a 3-5 year horizon. (e) (e) Examples:

 

6 1Q26 vs. $mm, except per share data or unless otherwise noted 1Q26 4Q25 1Q25 4Q25 1Q25 Income Statement Investment services fees $2,652 $2,632 $2,411 1% 10% Investment management and performance fees 785 806 739 (3) 6 Foreign exchange revenue 232 171 156 36 49 Other fee revenue 99 89 97 11 2 Total fee revenue $3,768 $3,698 $3,403 2% 11% Investment and other revenue 271 135 230 N/M N/M Net interest income 1,370 1,346 1,159 2 18 Total revenue $5,409 $5,179 $4,792 4% 13% Provision for credit losses (7) (26) 18 N/M N/M Noninterest expense 3,400 3,360 3,252 1 5 Income before income taxes $2,016 $1,845 $1,522 9% 32%   Net income applicable to common shareholders $1,562 $1,427 $1,149 9% 36% Avg. common shares and equivalents outstanding (mm) - diluted 698 705 727 (1)% (4)% EPS $2.24 $2.02 $1.58 11% 42%   Key Performance Indicators Operating leverage(a) 325 bps 833 bps Pre-tax margin 37% 36% 32% ROE 16.1% 14.5% 12.6% ROTCE(b) 29.3% 26.6% 24.2% Non-GAAP measures, excluding notable items(c) Adjusted total revenue $5,409 $5,179 $4,752 4% 14% Adjusted noninterest expense 3,386 3,309 3,212 2 5 Adjusted EPS 2.25 2.08 1.58 8 42 Adjusted operating leverage 211 bps 841 bps Adjusted pre-tax margin 38% 37% 32% Adjusted ROTCE 29.5% 27.4% 24.2%   1Q26 Financial Results (a) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. (b) Represents a non-GAAP measure. See page 14 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE. (c) Each of the below line items represents a non-GAAP measure. See pages 14 and 15 in the Appendix for the corresponding reconciliations of these non-GAAP measures excluding notable items. N/M – not meaningful.

 

7     1Q26 4Q25 1Q25   Consolidated regulatory capital ratios(a)   Tier 1 capital ($mm) $26,441 $25,909 $24,783 Average assets for Tier 1 leverage ratio ($mm) 443,562 432,803 397,513 Tier 1 leverage ratio 6.0% 6.0% 6.2% Common Equity Tier 1 ("CET1") capital ($mm) $21,114 $21,086 $19,505 Risk-weighted assets ($mm) 192,263 177,677 169,262 CET1 ratio 11.0% 11.9% 11.5% Supplementary leverage ratio ("SLR") 6.6% 6.7% 6.9%                 Consolidated regulatory liquidity ratios(a)   Liquidity coverage ratio ("LCR") 111% 112% 116% Net stable funding ratio ("NSFR") 131% 130% 132%                 Capital returns Cash dividends per common share $0.53 $0.53 $0.47 Common stock dividends ($mm) $376 $377 $343 Common stock repurchases ($mm) 983 1,045 746 Total capital return ($mm) $1,359 $1,422 $1,089 Total payout ratio 87% 100% 95% Profitability ROE 16.1% 14.5% 12.6% ROTCE(b) 29.3% 26.6% 24.2% Adjusted ROTCE(c) 29.5% 27.4% 24.2%   Capital and Liquidity CAPITAL • Tier 1 leverage ratio of 6.0% down 3bps QoQ – Tier 1 capital of $26.4bn increased $532mm QoQ, primarily reflecting capital generated through earnings and preferred stock issuance, partially offset by capital returned through common stock repurchases and dividends and a net decrease in accumulated other comprehensive income – Average assets for Tier 1 leverage ratio of $443.6bn increased $10.8bn QoQ • CET1 ratio of 11.0% down 89bps QoQ – CET1 capital of $21.1bn was approximately flat QoQ, primarily reflecting capital generated through earnings, largely offset by capital returned through common stock repurchases and dividends and a net decrease in accumulated other comprehensive income – RWA of $192.3bn increased by $14.6bn QoQ, primarily reflecting a single-day increase in overnight loan balances on the last day of the quarter, along with higher client activity in agency securities lending and foreign exchange LIQUIDITY • LCR of 111% down 1%-pt QoQ • NSFR of 131% up 1%-pt QoQ (a) Note: See page 13 in the Appendix for corresponding footnote. (b) Represents a non-GAAP measure. See page 14 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE. (c) Represents a non-GAAP measure. See page 14 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE excluding notable items.

 

8 1,159 1,203 1,236 1,346 1,370 1Q25 2Q25 3Q25 4Q25 1Q26 1Q26 vs.   1Q26   4Q25   1Q25   Total assets $462 2% 11% Total interest-earning assets $396 2% 12% Cash and reverse repo 153 — 11 Loans 81 6 16 Investment securities 154 2 9 Noninterest-bearing $55 6% 14% Interest-bearing 263 2 12 Total deposits $318 3% 13%                Net Interest Income and Balance Sheet Trends Net Interest Income ($mm) 1.30% 1.27% 1.31% 1.38% 1.38% 1Q25 2Q25 3Q25 4Q25 1Q26 Net Interest Margin Balance Sheet Trends ($bn, average) • Net interest income of $1,370mm up 18% YoY and up 2% QoQ – YoY and QoQ increase primarily reflecting the continued reinvestment of investment securities at higher yields and balance sheet growth, partially offset by deposit margin compression • Net interest margin of 1.38% up 8 bps YoY and flat QoQ • Avg. total deposits of $318bn up 13% YoY and up 3% QoQ

 

9 1Q26 vs. $mm, unless otherwise noted 1Q26 4Q25 1Q25 Asset Servicing(a) $1,170 2% 11% Issuer Services 278 (16) 4 Total investment services fees $1,448 (2)% 10% Foreign exchange revenue 196 38 44 Other fees(b) 74 9 14 Investment and other revenue 203 N/M N/M Net interest income 757 3 20 Total revenue $2,678 8% 17% Provision for credit losses (11) N/M N/M Noninterest expense(a) 1,648 — 5 Income before income taxes(a) $1,041 23% 46%                 $bn, unless otherwise noted 1Q26 4Q25 1Q25 Pre-tax margin(a) 39% 34% 31% Assets under custody and/or administration ("AUC/A")(trn) $42.7 $42.7 $37.9 Deposits (average)(a) $198 $193 $176 Issuer Services Total debt serviced (trn) $15.0 $14.8 $13.9 Number of Depositary Receipts programs 1,632 1,614 1,576                 Securities Services Select Income Statement Data Select Income Statement Data Key Performance Indicators (a)(c)(d) • Total revenue of $2,678mm up 17% YoY – Investment services fees up 10% YoY > Asset Servicing up 11% YoY, primarily reflecting higher market values and client activity > Issuer Services up 4% YoY, primarily reflecting higher Corporate Trust fees – Foreign exchange revenue up 44% YoY – Net interest income up 20% YoY • Noninterest expense of $1,648mm up 5% YoY, reflecting higher investments and revenue-related expenses, the unfavorable impact of the weaker U.S. dollar and employee merit increases, partially offset by efficiency savings • Income before income taxes of $1,041mm up 46% YoY (a) In 1Q26, we realigned clients in Managed Accounts Solutions from the Asset Servicing line of business to the Wealth Solutions (formerly Pershing) line of business in the Market and Wealth Services business segment. Prior period amounts were xxxrevised for comparability. Note: See page 13 in the Appendix for corresponding footnotes. N/M – not meaningful.

 

10 1Q26 vs. $mm, unless otherwise noted 1Q26 4Q25 1Q25 Wealth Solutions(a) $544 5% 6% Clearance and Collateral Management 430 3 19 Payments and Trade 220 4 5 Total investment services fees $1,194 4% 10% Foreign exchange revenue 36 29 24 Other fees(b) 70 8 8 Investment and other revenue 21 N/M N/M Net interest income 571 — 15 Total revenue $1,892 4% 11% Provision for credit losses (6) N/M N/M Noninterest expense(a) 937 (1) 6 Income before income taxes(a) $961 10% 18%                 $bn, unless otherwise noted 1Q26 4Q25 1Q25 Pre-tax margin(a) 51% 48% 48% AUC/A (trn)(a)(c)(d) $16.5 $16.2 $14.9 Deposits (average)(a) $103 $102 $92 Wealth Solutions (formerly Pershing) AUC/A (trn)(a)(c) $3.3 $3.3 $2.9 Net new assets (U.S. platform)(e) 22 51 11 Daily average revenue trades ("DARTs") (U.S. platform) ('000) 352 285 298 Average active clearing accounts ('000) 8,601 8,487 8,406 Payments and Trade U.S. dollar payment volumes (daily average) 257,960 258,080 244,673 Clearance and Collateral Management Average collateral balances $7,783 $7,453 $6,576                 Market and Wealth Services Select Income Statement Data Key Performance Indicators Select Income Statement Data • Total revenue of $1,892mm up 11% YoY – Investment services fees up 10% YoY > Wealth Solutions (formerly Pershing) up 6% YoY, primarily reflecting higher market values and client activity > Clearance and Collateral Management up 19% YoY, primarily reflecting higher collateral management balances and clearance volumes > Payments and Trade up 5% YoY, primarily reflecting net new business – Foreign exchange revenue up 24% YoY – Net interest income up 15% YoY • Noninterest expense of $937mm up 6% YoY, primarily reflecting higher investments, employee merit increases, higher revenue-related expenses and the unfavorable impact of the weaker U.S. dollar, partially offset by efficiency savings • Income before income taxes of $961mm up 18% YoY (a) In 1Q26, we realigned clients in Managed Accounts Solutions from the Asset Servicing line of business in the Securities Services business segment to the Wealth Solutions (formerly Pershing) line of business Prior period amounts were revised xxxfor comparability. Note: See page 13 in the Appendix for corresponding footnotes. N/M – not meaningful.

 

11 1Q26 vs. $mm, unless otherwise noted 1Q26 4Q25 1Q25 Investment management fees $785 (1)% 7% Performance fees 1 N/M N/M Distribution and servicing fees 70 1 3 Other fees(a) (83) N/M N/M Investment and other revenue(b) (1) N/M N/M Net interest income 53 4 29 Total revenue $825 (3)% 6% Provision for credit losses 9 N/M N/M Noninterest expense 726 3 2 Income before income taxes $90 (39)% 43% Total revenue by line of business: Investment Management $550 (5)% 6% Wealth Management 275 (1) 5 Total revenue $825 (3)% 6%                 $bn, unless otherwise noted 1Q26 4Q25 1Q25 Pre-tax margin 11% 17% 8% Deposits (average) $10 $9 $10 Assets under management ("AUM")(c) $2,126 $2,178 $2,008 Long-term active strategies net flows $— $(15) $(2) Index net flows (7) (8) (11) Short-term strategies net flows (10) 20 (5) Total net flows $(17) $(3) $(18) Wealth Management Client assets(d) $339 $350 $327                 Investment and Wealth Management Select Income Statement Data Key Performance Indicators Select Income Statement Data • Total revenue of $825mm up 6% YoY – Investment Management up 6% YoY, primarily reflecting higher market values and the favorable impact of the weaker U.S. dollar, partially offset by the mix of AUM flows – Wealth Management up 5% YoY, primarily reflecting higher market values and net interest income, partially offset by changes in product mix • Noninterest expense of $726mm up 2% YoY, primarily reflecting the unfavorable impact of the weaker U.S. dollar, employee merit increases and higher investments, partially offset by efficiency savings • Income before income taxes of $90mm up 43% YoY • AUM of $2.1trn up 6% YoY, primarily reflecting higher market values and the favorable impact of the weaker U.S. dollar, partially offset by cumulative net outflows • Wealth Management client assets of $339bn up 4% YoY, primarily reflecting higher market values, partially offset by cumulative net outflows Note: See page 13 in the Appendix for corresponding footnotes. N/M – not meaningful.

 

12 $mm, unless otherwise noted 1Q26 4Q25 1Q25 Fee revenue $(23) $(21) $(28) Investment and other revenue 50 45 62 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 income taxes $(74) $(31) $(67)                 Other Segment Select Income Statement Data • Total revenue includes corporate treasury and other investment activity, including hedging activity which has an offsetting impact between fee and other revenue and net interest expense – YoY decrease was primarily driven by net securities losses, partially offset by higher renewable energy investment gains • Noninterest expense increased QoQ, primarily driven by the net impact of adjustments for the FDIC special assessment, partially offset by lower severance expense Select Income Statement Data

 

13 Footnotes Page 5 – Our Strategy and Execution: Reimagining BNY with AI at our Core (b) Revenue per employee, excluding notable items and pre-tax income per employee, excluding notable items represent total revenue, excluding notable items and income before income taxes, excluding notable items, for the respective time periods, divided by the 5-point annual average of full-time employees as reported for the respective time periods. Prior to 2024, full-time employees included interns. Revenue per employee was $401,600 for the year ended December 31, 2025, $355,460 for the year ended December 31, 2024, $335,806 for the year ended December 31, 2023 and $327,566 for the year ended December 31, 2022. Pre-tax income per employee was $141,160 for the year ended December 31, 2025, $111,646 for the year ended December 31, 2024, $81,271 for the year ended December 31, 2023 and $68,966 for the year ended December 31, 2022. The 5-point annual average of full-time employees was 50,000 for the year ended December 31, 2025, 52,380 for the year ended December 31, 2024, 52,700 for the year ended December 31, 2023 and 50,460 for the year ended December 31, 2022. (c) Income before taxes divided by total revenue. Pre-tax margin, excluding notable items is a non-GAAP measure. The GAAP measure of pre-tax margin was 35% for the year ended December 31, 2025, 31% for the year ended December 31, 2024, 24% for the year ended December 31, 2023 and 21% for the year ended December 31, 2022. (d) Return on tangible common equity, excluding notable items is a non-GAAP measure. Return on common equity was 13.9% for the year ended December 31, 2025, 11.9% for the year ended December 31, 2024, 8.6% for the year ended December 31, 2023 and 6.5% for the year ended December 31, 2022. Page 7 – Capital and Liquidity (a) Regulatory capital and liquidity ratios for March 31, 2026 are preliminary. For our CET1 ratio, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for the periods presented was the Standardized Approach. Page 9 – Securities Services (b) Other fees primarily include financing-related fees. (c) March 31, 2026 information is preliminary. (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 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 December 31, 2025 and $1.9 trillion at March 31, 2025. Pages 10 – Market and Wealth Services (b) Other fees primarily include financing-related fees. (c) March 31, 2026 information is preliminary. (d) Consists of AUC/A from the Clearance and Collateral Management and Wealth Solutions (formerly Pershing) lines of business. (e) 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 11 – Investment and Wealth Management (a) (a) Other fees primarily include investment services fees. (b) Investment and other revenue is net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds. (c) March 31, 2026 information is preliminary. Represents assets managed in the Investment and Wealth Management business segment. (d) March 31, 2026 information is preliminary. Includes AUM and AUC/A in the Wealth Management line of business.

 

14  $mm 1Q26 4Q25 1Q25 2025 2024 2023 2022 Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $1,562 $1,427 $1,149 $5,306 $4,336 $3,067 $2,345 Add: Amortization of intangible assets 9 11 11 45 50 57 67 Less: Tax impact of amortization of intangible assets 2 3 3 11 12 14 16 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets — Non-GAAP $1,569 $1,435 $1,157 $5,340 $4,374 $3,110 $2,396 Less: Reduction in the fair value of a contingent consideration receivable(a) — — — — — (144) — Disposal gains (losses)(a) — — 32 41 — (5) (12) Revenue reduction related to Russia, primarily accelerated amortization of deferred costs for depositary receipt services(b) — — — — — — (67) Net loss from repositioning the securities portfolio(a) — — — — — — (343) Less: Severance expense(c) (14) (74) (25) (165) (183) (205) (166) Less: Litigation reserves(c) (3) (6) (1) 7 (41) (91) (125) Less: FDIC special assessment(c) 6 37 (5) 48 48 (482) — Goodwill impairment — — — — — — (665) Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets and notable items — Non-GAAP $1,580 $1,478 $1,156 $5,409 $4,550 $4,037 $3,774 Average common shareholders’ equity $39,448 $39,142 $36,980 $38,167 $36,413 $35,767 $36,067 Less: Average goodwill 16,774 16,777 16,615 16,733 16,316 16,204 17,060 Less: Average intangible assets 2,819 2,827 2,849 2,842 2,839 2,880 2,939 Add: Deferred tax liability – tax deductible goodwill 1,226 1,227 1,226 1,227 1,221 1,205 1,181 Add: Deferred tax liability – intangible assets 660 662 666 662 665 657 660 Average tangible common shareholders’ equity – Non-GAAP $21,741 $21,427 $19,408 $20,481 $19,144 $18,545 $17,909 Return on common equity(d) – GAAP 16.1% 14.5% 12.6% 13.9% 11.9% 8.6% 6.5% Adjusted return on common equity(d) – Non-GAAP 16.2% 14.9% 12.6% 14.1% 12.4% 11.2% 10.3% Return on tangible common equity(d) – Non-GAAP 29.3% 26.6% 24.2% 26.1% 22.8% 16.8% 13.4% Adjusted return on tangible common equity(d) – Non-GAAP 29.5% 27.4% 24.2% 26.4% 23.8% 21.8% 21.1%            Return on Common Equity and Tangible Common Equity Reconciliation (a) Reflected in Investment and other revenue. (b) Primarily reflected in Investment services fees. (c) Severance expense is reflected in Staff expense, Litigation reserves in Other expense, and FDIC special assessment in Bank assessment charges, respectively. (d) Returns are annualized.

 

15 Select Income Statement Data Reconciliation of Non-GAAP Measures – Impact of Notable Items 1Q26 vs.  $mm, 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, excluding notable items — 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 Less: Litigation reserves(b) 3 3 2 Less: FDIC special assessment(b) (7) (50) 6 Adjusted total noninterest expense, excluding notable items — 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 Less: Severance expense(b) (14) (74) (25) Less: Litigation reserves(b) (3) (6) (1) Less: FDIC special assessment(b) 6 37 (5) Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding notable items — Non-GAAP $1,573 $1,470 $1,148 7% 37% Diluted earnings per share – GAAP $2.24 $2.02 $1.58 11% 42% Less: Disposal gains (losses)(a) — — 0.04 Less: Severance expense(b) (0.02) (0.11) (0.03) Less: Litigation reserves(b) — (0.01) — Less: FDIC special assessment(b) 0.01 0.05 (0.01) Adjusted diluted earnings per share, excluding notable items — Non-GAAP $2.25 $2.08 $1.58 8% 42% Operating leverage – GAAP(c) 325 bps 833 bps Adjusted operating leverage, excluding notable items — Non-GAAP(c) 211 bps 841 bps Pre-tax operating margin – GAAP(e) 37% 36% 32% Adjusted pre-tax operating margin, excluding notable items — Non-GAAP(e) 38% 37% 32% (d) (a) Reflected in Investment and other revenue. (b) Severance expense is reflected in Staff expense, Litigation reserves in Other expense, and FDIC special assessment in Bank assessment charges, respectively. (c) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. (d) Does not foot due to rounding. (e) Income before taxes divided by total revenue. See the 1Q26 Earnings Release for additional information.

 

16 Select Income Statement Data Reconciliation of Non-GAAP Measures – 2022-2025  $mm 2025 2024 2023 2022 Total revenue – GAAP $20,080 $18,619 $17,697 $16,529 Less: Reduction in the fair value of a contingent consideration receivable(a) — — (144) — Less: Disposal gains (losses)(a) 52 — (6) 26 Revenue reduction related to Russia, primarily accelerated amortization of deferred costs for depositary receipt services(b) — — — (88) Net loss from repositioning the securities portfolio(a) — — — (449) Adjusted total revenue, excluding notable items — Non-GAAP $20,028 $18,619 $17,847 $17,040 Total noninterest expense – GAAP $13,054 $12,701 $13,295 $13,010 Less: Severance expense(c) 214 240 267 215 Less: Litigation reserves(c) (8) 44 94 134 Less: FDIC special assessment(c) (64) (63) 632 — Less: Goodwill impairment — — — 680 Adjusted total noninterest expense, excluding notable items — Non-GAAP $12,912 $12,480 $12,302 $11,981 Income before taxes – GAAP $7,058 $5,848 $4,283 $3,480 Impact of notable items(d) (90) (221) (1,143) (1,540) Adjusted income before taxes, excluding notable items — Non-GAAP $7,148 $6,069 $5,426 $5,020 Pre-tax operating margin – GAAP(e) 35% 31% 24% 21% Adjusted pre-tax operating margin, excluding notable items — Non-GAAP(e) 36% 33% 30% 29% (a) Reflected in Investment and other revenue. (b) Primarily reflected in Investment services fees. (c) Severance expense is reflected in Staff expense, Litigation reserves in Other expense, and FDIC special assessment in Bank assessment charges, respectively. (d) See above for details of notable items and lines impacted. (e) Income before taxes divided by total revenue.

 

17 A number of statements in our presentations, the accompanying slides and the responses to questions on our conference call discussing our quarterly results may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about The Bank of New York Mellon Corporation’s (the “Corporation,” “we,” “us,” or “our”) capital plans including dividends and repurchases, total payout ratio, financial performance, fee revenue, net interest income, expenses, cost discipline, efficiency savings, operating leverage, pre-tax margin, capital ratios, organic growth, pipeline, deposits, interest rates and yield curves, securities portfolio, taxes, investments, including in technology and product development, innovation in products and services, artificial intelligence, digital assets, client experience, strategic priorities and initiatives, acquisitions, related integration and divestiture activity, transition to a platforms operating model, capabilities, resiliency, risk profile, human capital management and the effects of the current and near-term market and macroeconomic outlook on us, including on our business, operations, financial performance and prospects. Preliminary business metrics, NII sensitivity, and regulatory capital ratios are subject to change, possibly materially as we complete our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. Forward-looking statements may be expressed in a variety of ways, including the use of future or present tense language. Words such as “estimate,” “forecast,” “project,” “anticipate,” “likely,” “target,” “expect,” “intend,” “continue,” “seek,” “believe,” “plan,” “goal,” “could,” “should,” “would,” “may,” “might,” “will,” “strategy,” “synergies,” “opportunities,” “trends,” “momentum,” “ambition,” “aspiration,” “objective,” “aim,” “future,” “potentially,” “outlook” and words of similar meaning may signify forward-looking statements. These statements are not guarantees of future results or occurrences, are inherently uncertain and are based upon current beliefs and expectations of future events, many of which are, by their nature, difficult to predict, outside of our control and subject to change. By identifying these statements for you in this manner, we are alerting you to the possibility that our actual results may differ, possibly materially, from the anticipated results expressed or implied in these forward-looking statements as a result of a number of important factors. These factors include: the continuing conflict and other developments in the Middle East and the resulting impacts on commodity supply chains and global inflationary impacts and the risk factors and other uncertainties set forth in our Annual Report on Form 10-K for the year ended Dec. 31, 2025 (the “2025 Annual Report”) and our other filings with the Securities and Exchange Commission (the “SEC”). Forward-looking statements about the timing, profitability, benefits and other prospective aspects of business and expense initiatives, our financial outlook, our medium-term financial targets and our long-term strategy, and how they can be achieved, are based on our current expectations regarding our ability to execute against our strategic initiatives, as well as our balance sheet size and composition, and may change, possibly materially, from what is currently expected. Statements about our outlook on total revenue are subject to various factors, including market levels, client activity, our ability to win and onboard new business, lost business, pricing pressure, our ability to launch new products to, and expand relationships with, existing clients, interest rates, re-investment yields and the size, mix and duration of our balance sheet, including with respect to deposits, loan balances and the securities portfolio. Statements about our artificial intelligence initiatives, including the timing, implementation, efficacy and expected benefits, are subject to various factors, including third-party and vendor dependencies, the availability, usability and quality of data, evolving legal, regulatory and supervisory expectations, employee and client adoption, and our ability to deploy, monitor and scale such capabilities with appropriate governance and in an effective control environment. Statements about our outlook on net interest income are subject to various factors, including interest rates, continued quantitative tightening, re-investment yields and the size, mix and duration of our balance sheet, including with respect to deposits, loan balances and the securities portfolio. Statements about our outlook on expenses are subject to various factors, including investments, revenue-related expenses, efficiency savings, merit increases, inflation and currency fluctuations. Statements about our target Tier 1 leverage ratio and CET1 ratio are subject to various factors, including capital requirements, interest rates, capital levels, risk-weighted assets and the size of our balance sheet, including deposit levels. Statements about the timing, manner and amount of any future common stock dividends or repurchases are subject to various factors, including our capital position, capital deployment opportunities, prevailing market conditions, legal and regulatory considerations and our outlook for the economic environment. Statements about our future effective tax rate are subject to various factors including, changes in the tax rates applicable to us, changes in our earnings mix, our profitability, the assumptions we have made in forecasting our expected tax rate, the interpretation or application of existing tax statutes and regulations, as well as any corporate tax legislation that may be enacted or any guidance that may be issued by the U.S. Internal Revenue Service. You should not place undue reliance on any forward-looking statement. All forward-looking statements speak only as of the date on which they were made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events. Non-GAAP Measures. In this presentation, the accompanying slides and our responses to questions, we may discuss certain non-GAAP measures in detailing our performance, which exclude certain items or otherwise include components that differ from GAAP. We believe these measures are useful to the investment community in analyzing the financial results and trends of ongoing operations. We believe they facilitate comparisons with prior periods and reflect the principal basis on which our management monitors financial performance. Additional disclosures relating to non-GAAP measures are contained in our reports filed with the SEC, including the 2025 Annual Report, the first quarter 2026 earnings release and the first quarter 2026 financial supplement, which are available at www.bny.com/investorrelations. Forward-Looking Non-GAAP Financial Measures. From time to time we may discuss forward-looking non-GAAP financial measures, such as forward-looking estimates or targets for total revenue, net interest income, expenses, pre-tax margin and return on tangible common equity excluding notable items. We are unable to provide a reconciliation of forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures because we are unable to provide, without unreasonable effort, a meaningful or accurate calculation or estimation of amounts that would be necessary for the reconciliation due to the complexity and inherent difficulty in forecasting and quantifying future amounts or when they may occur. Such unavailable information could be significant to future results. Cautionary Statement

 

 

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