BNY梅隆3Q26：EPS $2.34同比+24%、超预期约4%，收入+12%，股息上调19%至$0.63，但环比EPS、NIM与AUM流量转弱

----- bk-20261015.htm -----
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) –
October 15, 2026
THE BANK OF NEW YORK MELLON CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
001-35651
13-2614959
(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 value
BNY
New York Stock Exchange
6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV
BNY/P
New York Stock Exchange
(fully and unconditionally guaranteed by The Bank of New York Mellon Corporation)
Depositary Shares, each representing a 1/4,000th interest in a share of Series K Noncumulative
BNY PRK
New 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 October 15, 2026, The Bank of New York Mellon Corporation (“BNY”) released information on its financial results for the third quarter ended Sept. 30, 2026. Copies of the Earnings Release and the Financial Supplement are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference.
ITEM 7.01.    REGULATION FD DISCLOSURE.
On October 15, 2026, BNY will hold a conference call and webcast to discuss its financial results for the third quarter ended Sept. 30, 2026 and outlook. A copy of the Quarterly Update Presentation for the conference call and webcast is attached hereto as Exhibit 99.3.
ITEM 9.01.    FINANCIAL STATEMENTS AND EXHIBITS.
(d)    EXHIBITS.
Exhibit
Number
Description
99.1
The Bank of New York Mellon Corporation Earnings Release dated October 15, 2026, announcing financial results for the third 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 October 15, 2026, for the third quarter of 2026.
The information included in Exhibit 99.2 shall be deemed “filed” for purposes of the Exchange Act.
99.3
Third Quarter 2026 Quarterly Update Presentation dated October 15, 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: October 15, 2026
By:
/s/ Jean Weng
Name:
Title:
Jean Weng
Secretary
3

----- ex991_earningsreleasex3q26.htm -----
EX-99.1
2
ex991_earningsreleasex3q26.htm
EARNINGS RELEASE
Document
3Q26
FINANCIALRESULTS
BNY Reports Third Quarter 2026
Earnings Per Common Share of $2.34
NEW YORK, October 15, 2026 –
The Bank of New York Mellon Corporation (“BNY”) (NYSE: BNY) today has reported financial results for the third quarter of 2026.
CEO COMMENTARY
BNY delivered strong results in the third quarter. With broad-based growth across our platforms, we increased revenue by 12% year-over-year, delivering significant operating leverage and earnings per share growth of 24%. For the quarter, we generated a very solid pre-tax margin of 39% and a strong ROTCE of 29%.
Our performance in the quarter once again highlights the resilience and durability of our business model against the backdrop of an overall constructive but uneven operating environment.
Client demand continued to grow, underpinned by our ongoing work to unlock the value inherent in the combination of BNY’s businesses enabled by our platform operating and commercial models. Sales and pipelines remained very healthy across products, client segments and regions and we launched several solutions during the quarter that are meeting emerging needs in the market.
Looking ahead, our teams around the world are energized by BNY’s momentum and excited about the opportunities in front of us to create value for our clients and shareholders.
–
Robin Vince
, Chief Executive Officer
EPS
Pre-tax margin
ROE
ROTCE
$2.34
39%
16%
29%
(a)
KEY FINANCIAL INFORMATION
(dollars in millions, except per share amounts and unless otherwise noted)
3Q26 vs.
3Q26
2Q26
3Q25
Selected income statement data:
Total fee revenue
$
4,078
1
%
12
%
Investment and other revenue
175
N/M
N/M
Net interest income
1,423
(2)
%
15
%
Total revenue
$
5,676
—
%
12
%
Provision for credit losses
1
N/M
N/M
Noninterest expense
$
3,489
1
%
8
%
Net income applicable to common shareholders
$
1,608
(5)
%
20
%
Diluted EPS
$
2.34
(4)
%
24
%
Selected metrics:
AUC/A
(in trillions)
$
63.4
1
%
10
%
AUM
(in trillions)
$
2.2
(2)
%
2
%
Financial ratios:
3Q26
2Q26
3Q25
Pre-tax operating margin
38.5
%
39.8
%
36.4
%
ROE
16.0
%
17.2
%
13.7
%
ROTCE
(a)
29.0
%
31.3
%
25.6
%
Capital ratios:
Tier 1 leverage ratio
5.7
%
5.9
%
6.1
%
CET1 ratio
10.9
%
11.0
%
11.7
%
HIGHLIGHTS
Results
•
Total
revenue
of $5.7 billion, increased 12%
•
Noninterest
expense
of $3.5 billion, increased 8%
•
Diluted
EPS
of $2.34, increased 24%
Profitability
•
Pre-tax operating margin
of 38.5%
•
ROTCE
of 29.0%
(a)
Balance sheet
•
Average
deposits
of $311 billion, increased 4% year-over-year and decreased 1% sequentially
•
Tier 1 leverage ratio
of 5.7%, decreased 42 bps year-over-year and 24 bps sequentially
Capital distribution
•
Returned $1.4 billion of capital to common shareholders
•
$436 million of dividends
•
$937 million of share repurchases
•
Total payout ratio
of 86% year-to-date
(a) For information on the Non-GAAP measures, see “Explanation of GAAP and Non-GAAP financial measures” beginning on page
9
.
Note: Above comparisons are 3Q26 vs. 3Q25, unless otherwise noted.
Media:
Anneliese Diedrichs + 1 646 468 6026
Investors:
Marius Merz +1 212 298 1480
BNY
3Q26
Financial Results
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per share amounts and unless otherwise noted;
not meaningful - N/M)
3Q26 vs.
3Q26
2Q26
3Q25
2Q26
3Q25
Fee revenue
$
4,078
$
4,036
$
3,637
1
%
12
%
Investment and other revenue
175
216
208
N/M
N/M
Total fee and other revenue
4,253
4,252
3,845
—
11
Net interest income
1,423
1,446
1,236
(2)
15
Total revenue
5,676
5,698
5,081
—
12
Provision for credit losses
1
(8)
(7)
N/M
N/M
Noninterest expense
3,489
3,439
3,236
1
8
Income before taxes
2,186
2,267
1,852
(4)
18
Provision for income taxes
499
475
395
5
26
Net income
$
1,687
$
1,792
$
1,457
(6)
%
16
%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation
$
1,608
$
1,696
$
1,339
(5)
%
20
%
Operating leverage
(a)
(184)
bps
389
bps
Diluted earnings per common share
$
2.34
$
2.45
$
1.88
(4)
%
24
%
Average common shares and equivalents outstanding - diluted
(in thousands)
686,913
692,223
712,854
Pre-tax operating margin
38.5
%
39.8
%
36.4
%
Metrics:
Average loans
$
86,791
$
85,587
$
72,692
1
%
19
%
Average deposits
311,075
314,036
299,326
(1)
4
AUC/A at period end
(in trillions) (current period is preliminary)
63.4
62.6
57.8
1
10
AUM at period end
(in trillions) (current period is preliminary)
2.2
2.2
2.1
(2)
2
Non-GAAP measures, excluding notable items:
(b)
Adjusted total revenue
$
5,676
$
5,698
$
5,069
—
%
12
%
Adjusted noninterest expense
3,467
3,431
3,197
1
8
Adjusted operating leverage
(a)
(144)
bps
353
bps
Adjusted diluted earnings per common share
$
2.37
$
2.46
$
1.91
(4)
%
24
%
Adjusted pre-tax operating margin
38.9
%
39.9
%
37.1
%
(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 3Q26 vs. 3Q25, unless otherwise noted)
•
Total revenue increased 12%, primarily reflecting:
•
Fee revenue increased 12%, primarily reflecting net new business, higher client activity and higher market values, partially offset by the mix of AUM flows.
•
Investment and other revenue decreased primarily reflecting the impact of fixed income and equity trading activity, seed capital results and the absence of a 3Q25 disposal gain, partially offset by other investment gains.
•
Net interest income increased 15%, primarily reflecting the reinvestment of investment securities at higher yields and balance sheet growth, partially offset by deposit margin compression.
•
Provision for credit losses was $1 million.
•
Noninterest expense increased 8%, primarily reflecting higher revenue-related expenses and investments, partially offset by efficiency savings.
•
Effective tax rate of 22.8%.
Assets under custody and/or administration (“AUC/A”) and Assets under management (“AUM”)
•
AUC/A increased 10%, primarily reflecting higher market values, net client inflows and net new business, partially offset by the unfavorable impact of a stronger U.S. dollar.
•
AUM increased 2%, primarily reflecting higher market values, partially offset by cumulative net outflows and the unfavorable impact of the stronger U.S. dollar.
Capital and liquidity
•
$436 million of dividends to common shareholders
(a)
;
$937 million of common share repurchases.
•
Return on common equity (“ROE”) – 16.0%.
•
Return on tangible common equity (“ROTCE”) – 29.0%
(b)
.
•
Common Equity Tier 1 (“CET1”) ratio – 10.9%; Tier 1 leverage ratio – 5.7%.
•
Average liquidity coverage ratio (“LCR”) – 111%; Average net stable funding ratio (“NSFR”) – 129%.
•
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
3Q26
Financial Results
SECURITIES SERVICES BUSINESS SEGMENT HIGHLIGHTS
(dollars in millions, unless otherwise noted; not meaningful - N/M)
3Q26 vs.
3Q26
2Q26
3Q25
2Q26
3Q25
Investment services fees:
Asset Servicing
$
1,264
$
1,209
$
1,129
5
%
12
%
Issuer Services
449
463
313
(3)
43
Total investment services fees
1,713
1,672
1,442
2
19
Foreign exchange revenue
171
203
143
(16)
20
Other fees
(a)
78
77
73
1
7
Total fee revenue
1,962
1,952
1,658
1
18
Investment and other revenue
93
94
119
N/M
N/M
Total fee and other revenue
2,055
2,046
1,777
—
16
Net interest income
765
782
670
(2)
14
Total revenue
2,820
2,828
2,447
—
15
Provision for credit losses
4
(5)
(3)
N/M
N/M
Noninterest expense
1,808
1,722
1,639
5
10
Income before taxes
$
1,008
$
1,111
$
811
(9)
%
24
%
Total revenue by line of business:
Asset Servicing
$
2,130
$
2,121
$
1,903
—
%
12
%
Issuer Services
690
707
544
(2)
27
Total revenue by line of business
$
2,820
$
2,828
$
2,447
—
%
15
%
Pre-tax operating margin
35.8
%
39.3
%
33.1
%
Securities lending revenue
(b)
$
92
$
78
$
62
18
%
48
%
Metrics:
Average loans
$
12,534
$
13,180
$
10,706
(5)
%
17
%
Average deposits
$
191,647
$
194,183
$
183,070
(1)
%
5
%
AUC/A at period end
(in trillions) (current period is preliminary) (c)
$
45.9
$
45.3
$
41.5
1
%
11
%
Market value of securities on loan at period end
(in billions) (d)
$
630
$
645
$
554
(2)
%
14
%
(a)    Other fees primarily include financing-related fees.
(b)    Included in investment services fees reported in the Asset Servicing line of business.
(c)    Consists of AUC/A primarily from the Asset Servicing line of business and, to a lesser extent, the Issuer Services line of business. Includes the AUC/A of CIBC Mellon Trust Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $2.3 trillion
at
Sept. 30, 2026, $2.2 trillion at June 30, 2026 and $2.1 trillion at Sept. 30, 2025.
(d)    Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY acts as agent on behalf of CIBC Mellon clients, which totaled $72 billion
at
Sept. 30, 2026, $71 billion at June 30, 2026 and $81 billion at Sept. 30, 2025.
KEY DRIVERS
•
The drivers of the total revenue variances by line of business are indicated below.
•
Asset Servicing – The year-over-year increase primarily reflects higher net interest income, client activity, net new business and market values. The sequential increase primarily reflects higher client activity, partially offset by lower foreign exchange revenue and net interest income.
•
Issuer Services – The year-over-year increase primarily reflects higher Corporate Trust revenue. The sequential decrease reflects lower Depositary Receipts revenue, partially offset by higher Corporate Trust revenue.
•
Noninterest expense increased year-over-year primarily reflecting higher revenue-related expenses and investments, partially offset by efficiency savings and lower severance expense. The sequential increase primarily reflects higher revenue-related expenses and investments.
3
BNY
3Q26
Financial Results
MARKET AND WEALTH SERVICES BUSINESS SEGMENT HIGHLIGHTS
(dollars in millions, unless otherwise noted; not meaningful - N/M)
3Q26 vs.
3Q26
2Q26
3Q25
2Q26
3Q25
Investment services fees:
Wealth Solutions
$
554
$
551
$
520
1
%
7
%
Payments and Trade
232
224
214
4
8
Clearance and Collateral Management
464
453
398
2
17
Total investment services fees
1,250
1,228
1,132
2
10
Foreign exchange revenue
31
34
31
(9)
—
Other fees
(a)
72
71
70
1
3
Total fee revenue
1,353
1,333
1,233
2
10
Investment and other revenue
24
26
22
N/M
N/M
Total fee and other revenue
1,377
1,359
1,255
1
10
Net interest income
607
611
524
(1)
16
Total revenue
1,984
1,970
1,779
1
12
Provision for credit losses
1
(2)
(3)
N/M
N/M
Noninterest expense
963
948
912
2
6
Income before taxes
$
1,020
$
1,024
$
870
—
%
17
%
Total revenue by line of business:
Wealth Solutions
$
813
$
806
$
741
1
%
10
%
Payments and Trade
579
571
510
1
14
Clearance and Collateral Management
592
593
528
—
12
Total revenue by line of business
$
1,984
$
1,970
$
1,779
1
%
12
%
Pre-tax operating margin
51.4
%
52.0
%
48.9
%
Metrics:
Average loans
$
57,671
$
56,258
$
46,278
3
%
25
%
Average deposits
$
103,556
$
102,606
$
97,508
1
%
6
%
AUC/A at period end
(in trillions) (current period is preliminary) (b)
$
17.1
$
16.9
$
16.0
1
%
7
%
(a)    Other fees primarily include financing-related fees.
(b)    Consists of AUC/A from the Clearance and Collateral Management and Wealth Solutions lines of business.
KEY DRIVERS
•
The drivers of the total revenue variances by line of business are indicated below.
•
Wealth Solutions – The year-over-year increase primarily reflects higher net interest income, market values, 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 higher net new business.
•
Clearance and Collateral Management – The year-over-year increase primarily reflects higher collateral balances and clearance volumes.
•
Noninterest expense increased year-over-year primarily reflecting higher revenue-related expenses and investments, partially offset by efficiency savings. The sequential increase primarily reflects higher revenue-related expenses.
4
BNY
3Q26
Financial Results
INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT HIGHLIGHTS
(dollars in millions, unless otherwise noted; not meaningful - N/M)
3Q26 vs.
3Q26
2Q26
3Q25
2Q26
3Q25
Investment management fees
$
802
$
793
$
776
1
%
3
%
Performance fees
2
3
6
N/M
N/M
Investment management and performance fees
804
796
782
1
3
Distribution and servicing fees
70
71
69
(1)
1
Other fees
(a)
(84)
(87)
(78)
N/M
N/M
Total fee revenue
790
780
773
1
2
Investment and other revenue
(b)
8
29
10
N/M
N/M
Total fee and other revenue
(b)
798
809
783
(1)
2
Net interest income
59
54
41
9
44
Total revenue
857
863
824
(1)
4
Provision for credit losses
(3)
(5)
—
N/M
N/M
Noninterest expense
655
686
640
(5)
2
Income before taxes
$
205
$
182
$
184
13
%
11
%
Total revenue by line of business:
Investment Management
$
562
$
577
$
559
(3)
%
1
%
Wealth Management
295
286
265
3
11
Total revenue by line of business
$
857
$
863
$
824
(1)
%
4
%
Pre-tax operating margin
23.9
%
21.1
%
22.3
%
Metrics:
Average loans
$
14,807
$
14,410
$
14,143
3
%
5
%
Average deposits
$
9,690
$
9,691
$
9,201
—
%
5
%
AUM
(in billions) (current period is preliminary) (c)
$
2,187
$
2,226
$
2,142
(2)
%
2
%
Wealth Management client assets
(in billions) (current period is preliminary) (d)
$
354
$
348
$
348
2
%
2
%
(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, partially offset by the mix of AUM flows. The sequential decrease primarily reflects lower seed capital results.
•
Wealth Management – The year-over-year and sequential increases primarily reflect higher net interest income and market values.
•
Noninterest expense increased year-over-year primarily reflecting higher revenue-related expenses and investments, partially offset by efficiency savings. The sequential decrease primarily reflects lower revenue-related expenses.
5
BNY
3Q26
Financial Results
OTHER SEGMENT
The Other segment primarily includes corporate treasury activities, including our investment securities portfolio, derivatives and other trading activity, tax credit investments and other corporate investments, certain business exits and other corporate revenue and expense items.
(dollars in millions)
3Q26
2Q26
3Q25
Fee revenue
$
(27)
$
(29)
$
(27)
Investment and other revenue
53
36
45
Total fee and other revenue
26
7
18
Net interest income (expense)
(8)
(1)
1
Total revenue
18
6
19
Provision for credit losses
(1)
4
(1)
Noninterest expense
63
83
45
Loss before taxes
$
(44)
$
(81)
$
(25)
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 primarily reflects the absence of 3Q25 gains realized on the sale of real estate, partially offset by a 3Q26 strategic equity investment gain. The sequential increase primarily reflects the strategic equity investment gain.
•
Noninterest expense increased year-over-year primarily reflecting the absence of a 3Q25 adjustment for the FDIC special assessment and higher severance expense. The sequential decrease primarily reflects lower staff expense.
6
BNY
3Q26
Financial Results
CAPITAL AND LIQUIDITY
Capital and liquidity ratios
Sept. 30, 2026
June 30, 2026
Dec. 31, 2025
Consolidated regulatory capital ratios:
(a)
CET1 ratio
10.9
%
11.0
%
11.9
%
Tier 1 capital ratio
13.1
13.4
14.6
Total capital ratio
13.8
14.2
15.4
Tier 1 leverage ratio
(a)
5.7
5.9
6.0
Supplementary leverage ratio
(a)
6.0
6.3
6.7
BNY shareholders’ equity to total assets ratio
8.8
%
8.5
%
9.4
%
BNY common shareholders’ equity to total assets ratio
8.0
%
7.6
%
8.4
%
Average LCR
(a)
111
%
111
%
112
%
Average NSFR
(a)
129
%
130
%
130
%
Book value per common share
$
58.43
$
58.82
$
57.36
Tangible book value per common share – Non-GAAP
(b)
$
32.22
$
32.81
$
31.64
Common shares outstanding
(in thousands)
672,898
678,504
688,236
(a)    Regulatory capital and liquidity ratios for Sept. 30, 2026 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for the periods presented, was the Standardized Approach.
(b)    Tangible book value per common share – Non-GAAP excludes goodwill and intangible assets, net of deferred tax liabilities. See “Explanation of GAAP and Non-GAAP financial measures” beginning on page
9
for information on this Non-GAAP measure.
•
CET1 capital of $21.0 billion decreased compared with June 30, 2026, primarily reflecting capital returned through common stock repurchases and dividends and a decline in accumulated other comprehensive income, partially offset by capital generated through earnings. The CET1 ratio decreased compared with June 30, 2026, primarily reflecting the decrease in capital, partially offset by lower risk-weighted assets.
•
Tier 1 capital of $25.2 billion decreased compared with June 30, 2026, primarily reflecting capital returned through common stock repurchases and dividends, a decline in accumulated other comprehensive income and a preferred stock redemption, net of an issuance, partially offset by capital generated through earnings. The Tier 1 leverage ratio decreased compared with June 30, 2026, primarily reflecting the decrease in capital.
NET INTEREST INCOME
Net interest income
3Q26 vs.
(dollars in millions; not meaningful - N/M)
3Q26
2Q26
3Q25
2Q26
3Q25
Net interest income
$
1,423
$
1,446
$
1,236
(2)%
15%
Add: Tax equivalent adjustment
1
—
—
N/M
N/M
Net interest income, on a fully taxable equivalent (“FTE”) basis – Non-GAAP
(a)
$
1,424
$
1,446
$
1,236
(2)%
15%
Average interest-earning assets
$
396,504
$
397,635
$
374,493
—%
6%
Net interest margin
1.43
%
1.45
%
1.31
%
(2)
bps
12
bps
Net interest margin (FTE) – Non-GAAP
(a)
1.43
%
1.45
%
1.31
%
(2)
bps
12
bps
(a)    Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP include the tax equivalent adjustments on tax-exempt income. See “Explanation of GAAP and Non-GAAP financial measures” beginning on page
9
for information on this Non-GAAP measure.
bps – basis points.
•
Net interest income increased year-over-year primarily reflecting the reinvestment of investment securities at higher yields and balance sheet growth, partially offset by deposit margin compression.
•
Sequentially, net interest income decreased primarily reflecting lower deposit balances, partially offset by the reinvestment of investment securities at higher yields.
7
BNY
3Q26
Financial Results
THE BANK OF NEW YORK MELLON CORPORATION
Condensed Consolidated Income Statement
(dollars in millions)
Quarter ended
Year-to-date
Sept. 30, 2026
June 30, 2026
Sept. 30, 2025
Sept. 30, 2026
Sept. 30, 2025
Fee and other revenue
Investment services fees
$
2,973
$
2,909
$
2,585
$
8,534
$
7,579
Investment management and performance fees
803
796
782
2,384
2,279
Foreign exchange revenue
198
229
166
659
535
Financing-related fees
66
64
67
192
178
Distribution and servicing fees
38
38
37
113
110
Total fee revenue
4,078
4,036
3,637
11,882
10,681
Investment and other revenue
175
216
208
662
622
Total fee and other revenue
4,253
4,252
3,845
12,544
11,303
Net interest income
Interest income
5,698
5,940
6,594
17,462
19,319
Interest expense
4,275
4,494
5,358
13,223
15,721
Net interest income
1,423
1,446
1,236
4,239
3,598
Total revenue
5,676
5,698
5,081
16,783
14,901
Provision for credit losses
1
(8)
(7)
(14)
(6)
Noninterest expense
Staff
1,805
1,785
1,745
5,478
5,347
Software and equipment
593
569
542
1,718
1,582
Professional, legal and other purchased services
474
441
404
1,303
1,158
Sub-custodian and clearing
168
162
141
481
422
Net occupancy
141
143
140
407
408
Distribution and servicing
78
76
68
227
196
Business development
58
68
45
176
146
Bank assessment charges
27
32
6
83
66
Amortization of intangible assets
9
10
12
28
34
Other
136
153
133
427
335
Total noninterest expense
3,489
3,439
3,236
10,328
9,694
Income
Income before taxes
2,186
2,267
1,852
6,469
5,213
Provision for income taxes
499
475
395
1,360
1,099
Net income
1,687
1,792
1,457
5,109
4,114
Net (income) loss attributable to noncontrolling interests related to consolidated investment management funds
3
(31)
(12)
(26)
(26)
Net income applicable to shareholders of The Bank of New York Mellon Corporation
1,690
1,761
1,445
5,083
4,088
Preferred stock dividends
(82)
(65)
(106)
(217)
(209)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation
$
1,608
$
1,696
$
1,339
$
4,866
$
3,879
Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation
Quarter ended
Year-to-date
Sept. 30, 2026
June 30, 2026
Sept. 30, 2025
Sept. 30, 2026
Sept. 30, 2025
(in dollars)
Basic
$
2.37
$
2.47
$
1.90
$
7.09
$
5.43
Diluted
$
2.34
$
2.45
$
1.88
$
7.02
$
5.39
8
BNY
3Q26
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. Income before taxes, net income applicable to common shareholders of The Bank of New York Mellon Corporation, diluted earnings per share, operating leverage, return on common equity, return on tangible common equity and pre-tax operating margin, excluding the notable items mentioned above, are also provided. These measures are provided to permit investors to view the financial measures on a basis consistent with how management views the businesses.
Reconciliation of Non-GAAP measures, excluding notable items
3Q26 vs.
(dollars in millions, except per share amounts)
3Q26
2Q26
3Q25
2Q26
3Q25
Total revenue – GAAP
$
5,676
$
5,698
$
5,081
—
%
12
%
Less: Disposal gains (losses)
(a)
—
—
12
Adjusted total revenue – Non-GAAP
$
5,676
$
5,698
$
5,069
—
%
12
%
Total noninterest expense – GAAP
$
3,489
$
3,439
$
3,236
1
%
8
%
Less: Severance expense
(b)
23
6
50
Litigation reserves
(b)
(1)
2
3
FDIC special assessment
(b)
—
—
(14)
Adjusted total noninterest expense – Non-GAAP
$
3,467
$
3,431
$
3,197
1
%
8
%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP
$
1,608
$
1,696
$
1,339
(5)%
20
%
Less: Disposal gains (losses)
(a)
—
—
9
Severance expense
(b)
(18)
(5)
(39)
Litigation reserves
(b)
1
(2)
(2)
FDIC special assessment
(b)
—
—
11
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation – Non-GAAP
$
1,625
$
1,703
$
1,360
(5)%
19
%
Diluted earnings per common share – GAAP
$
2.34
$
2.45
$
1.88
(4)%
24
%
Less: Disposal gains (losses)
(a)
—
—
0.01
Severance expense
(b)
(0.03)
(0.01)
(0.05)
Litigation reserves
(b)
—
—
—
FDIC special assessment
(b)
—
—
0.01
Total diluted earnings per common share impact of notable items
(0.03)
(0.01)
(0.03)
Adjusted diluted earnings per common share – Non-GAAP
$
2.37
$
2.46
$
1.91
(4)%
24
%
Operating leverage – GAAP
(c)
(184)
bps
389
bps
Adjusted operating leverage – Non-GAAP
(c)
(144)
bps
353
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)    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
3Q26
Financial Results
Pre-tax operating margin reconciliation
(dollars in millions)
3Q26
2Q26
3Q25
Income before taxes – GAAP
$
2,186
$
2,267
$
1,852
Less: Impact of notable items
(a)
(22)
(8)
(27)
Adjusted income before taxes, excluding notable items – Non-GAAP
$
2,208
$
2,275
$
1,879
Total revenue – GAAP
$
5,676
$
5,698
$
5,081
Impact of notable items
(a)
—
—
12
Adjusted total revenue, excluding notable items – Non-GAAP
$
5,676
$
5,698
$
5,069
Pre-tax operating margin – GAAP
(b)
38.5
%
39.8
%
36.4
%
Adjusted pre-tax operating margin – Non-GAAP
(b)
38.9
%
39.9
%
37.1
%
(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)
3Q26
2Q26
3Q25
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP
$
1,608
$
1,696
$
1,339
Add: Amortization of intangible assets
9
10
12
Less: Tax impact of amortization of intangible assets
2
3
3
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP
$
1,615
$
1,703
$
1,348
Impact of notable items
(a)
(17)
(7)
(21)
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
$
1,632
$
1,710
$
1,369
Average common shareholders’ equity
$
39,756
$
39,535
$
38,626
Less: Average goodwill
16,764
16,768
16,787
Average intangible assets
2,802
2,809
2,842
Add: Deferred tax liability – tax deductible goodwill
1,225
1,225
1,236
Deferred tax liability – intangible assets
657
659
665
Average tangible common shareholders’ equity – Non-GAAP
$
22,072
$
21,842
$
20,898
Return on common equity – GAAP
(b)
16.0
%
17.2
%
13.7
%
Adjusted return on common equity – Non-GAAP
(b)
16.2
%
17.3
%
14.0
%
Return on tangible common equity – Non-GAAP
(b)
29.0
%
31.3
%
25.6
%
Adjusted return on tangible common equity – Non-GAAP
(b)
29.3
%
31.4
%
26.0
%
(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 Sept. 30, 2026. Forward-looking statements are not guarantees of future results or occurrences, are inherently uncertain and are based upon current beliefs and expectations of future events, many of which are, by their nature, difficult to predict, outside of our control and subject to change.
By identifying these statements for you in this manner, we are alerting you to the possibility that our actual results may differ, possibly materially, from the anticipated results expressed or implied in these forward-looking statements as a result of a number of important factors, including the risk factors and other uncertainties set forth in our Annual Report on Form 10-K for the year ended Dec. 31, 2025 and our other filings with the Securities and Exchange Commission.
You should not place undue reliance on any forward-looking statement. All forward-looking statements speak only as of the date on which they were made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.
10
BNY
3Q26
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 Sept. 30, 2026, BNY oversees $63.4 trillion in assets under custody and/or administration and $2.2 trillion in assets under management.
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BNY). Headquartered in New York City, BNY has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.
CONFERENCE CALL INFORMATION
Robin Vince, Chief Executive Officer, and Dermot McDonogh, Chief Financial Officer, will host a conference call and simultaneous live audio webcast at 11:00 a.m. ET on Oct. 15, 2026. This conference call and audio webcast will include forward-looking statements and may include other material information.
Investors and analysts wishing to access the conference call and audio webcast may do so by dialing +1 800 330-6730 (U.S.) or
+1 646 769-9500 (International), and using the passcode: 200200, or by logging onto
www.bny.com/investorrelations
. Earnings materials will be available at
www.bny.com/investorrelations
beginning at approximately 6:30 a.m. ET on Oct. 15, 2026.
An archived version of the third quarter conference call and audio webcast will be available beginning on Oct. 15, 2026 at approximately 3:00 p.m. ET through Nov. 14, 2026 at
www.bny.com/investorrelations
.
11

----- ex992_financialsupplementx.htm -----
EX-99.2
3
ex992_financialsupplementx.htm
FINANCIAL SUPPLEMENT
Document
The Bank of New York Mellon Corporation
Financial Supplement
Third Quarter 2026
Table of Contents
Consolidated Results
Page
Consolidated Financial Highlights
3
Condensed Consolidated Income Statement
4
Earnings Per Share and Related Information
5
Condensed Consolidated Balance Sheet
6
Fee and Other Revenue
7
Average Balances and Interest Rates
8
Capital and Liquidity
9
Business Segment Results
Securities Services Business Segment
10
Market and Wealth Services Business Segment
12
Investment and Wealth Management Business Segment
14
AUM by Product Type, Changes in AUM and Wealth Management Client Assets
15
Other Segment
16
Other
Investment Securities Portfolio
17
Allowance for Credit Losses and Nonperforming Assets
18
Supplemental Information
Explanation of GAAP and Non-GAAP Financial Measures
19
THE BANK OF NEW YORK MELLON CORPORATION
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)
3Q26 vs.
YTD26 vs.
3Q26
2Q26
1Q26
4Q25
3Q25
2Q26
3Q25
YTD26
YTD25
YTD25
Selected income statement data
Fee and other revenue
$
4,253
$
4,252
$
4,039
$
3,833
$
3,845
—
%
11
%
$
12,544
$
11,303
11
%
Net interest income
1,423
1,446
1,370
1,346
1,236
(2)
15
4,239
3,598
18
Total revenue
5,676
5,698
5,409
5,179
5,081
—
12
16,783
14,901
13
Provision for credit losses
1
(8)
(7)
(26)
(7)
N/M
N/M
(14)
(6)
N/M
Noninterest expense
3,489
3,439
3,400
3,360
3,236
1
8
10,328
9,694
7
Income before income taxes
2,186
2,267
2,016
1,845
1,852
(4)
18
6,469
5,213
24
Provision for income taxes
499
475
386
376
395
5
26
1,360
1,099
24
Net income
$
1,687
$
1,792
$
1,630
$
1,469
$
1,457
(6)
%
16
%
$
5,109
$
4,114
24
%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation
$
1,608
$
1,696
$
1,562
$
1,427
$
1,339
(5)
%
20
%
$
4,866
$
3,879
25
%
Diluted earnings per common share
$
2.34
$
2.45
$
2.24
$
2.02
$
1.88
(4)
%
24
%
$
7.02
$
5.39
30
%
Average common shares and equivalents outstanding – diluted
(in thousands)
686,913
692,223
698,164
705,140
712,854
(1)
%
(4)
%
693,005
720,344
(4)
%
Financial ratios
(Returns are annualized)
Pre-tax operating margin
38.5
%
39.8
%
37.3
%
35.6
%
36.4
%
38.5
%
35.0
%
Return on common equity
16.0
%
17.2
%
16.1
%
14.5
%
13.7
%
16.4
%
13.7
%
Return on tangible common equity – Non-GAAP
(a)
29.0
%
31.3
%
29.3
%
26.6
%
25.6
%
29.9
%
25.9
%
Non-U.S. revenue as a percentage of total revenue
36
%
37
%
36
%
36
%
35
%
36
%
35
%
Period end
Assets under custody and/or administration (“AUC/A”)
(in trillions) (b)(c)
$
63.4
$
62.6
$
59.4
$
59.3
$
57.8
1
%
10
%
Assets under management (“AUM”)
(in trillions) (b)
$
2.2
$
2.2
$
2.1
$
2.2
$
2.1
(2)
%
2
%
Full-time employees
46,600
46,500
47,200
48,100
49,200
—
%
(5)
%
Book value per common share
$
58.43
$
58.82
$
57.48
$
57.36
$
55.99
Tangible book value per common share – Non-GAAP
(a)
$
32.22
$
32.81
$
31.75
$
31.64
$
30.60
Cash dividends per common share
$
0.63
$
0.53
$
0.53
$
0.53
$
0.53
Common dividend payout ratio
27
%
22
%
24
%
26
%
28
%
Closing stock price per common share
$
144.63
$
144.61
$
118.63
$
116.09
$
108.96
Market capitalization
$
97,321
$
98,118
$
81,425
$
79,897
$
75,983
Common shares outstanding
(in thousands)
672,898
678,504
686,379
688,236
697,349
Capital ratios at period end
(d)
Common Equity Tier 1 (“CET1”) ratio
10.9
%
11.0
%
11.0
%
11.9
%
11.7
%
Tier 1 capital ratio
13.1
%
13.4
%
13.8
%
14.6
%
14.4
%
Total capital ratio
13.8
%
14.2
%
14.6
%
15.4
%
15.3
%
Tier 1 leverage ratio
5.7
%
5.9
%
6.0
%
6.0
%
6.1
%
Supplementary leverage ratio (“SLR”)
6.0
%
6.3
%
6.6
%
6.7
%
6.7
%
(a) Non-GAAP information, for all periods presented, excludes goodwill and intangible assets, net of deferred tax liabilities. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 19 for the reconciliation of Non-GAAP measures.
(b) Sept. 30, 2026 information is preliminary.
(c) Includes the AUC/A of CIBC Mellon Trust Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $2.3 trillion at Sept. 30, 2026, $2.2 trillion at June 30, 2026, $2.1 trillion at March 31, 2026, $2.2 trillion at Dec. 31, 2025 and $2.1 trillion at Sept. 30, 2025.
(d) Regulatory capital ratios for Sept. 30, 2026 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for the periods presented, was the Standardized Approach.
N/M – Not meaningful.
3
THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENT
(dollars in millions)
3Q26 vs.
YTD26 vs.
3Q26
2Q26
1Q26
4Q25
3Q25
2Q26
3Q25
YTD26
YTD25
YTD25
Revenue
Investment services fees
$
2,973
$
2,909
$
2,652
$
2,632
$
2,585
2
%
15
%
$
8,534
$
7,579
13
%
Investment management and performance fees
803
796
785
806
782
1
3
2,384
2,279
5
Foreign exchange revenue
198
229
232
171
166
(14)
19
659
535
23
Financing-related fees
66
64
62
53
67
3
(1)
192
178
8
Distribution and servicing fees
38
38
37
36
37
—
3
113
110
3
Total fee revenue
4,078
4,036
3,768
3,698
3,637
1
12
11,882
10,681
11
Investment and other revenue
175
216
271
135
208
N/M
N/M
662
622
N/M
Total fee and other revenue
4,253
4,252
4,039
3,833
3,845
—
11
12,544
11,303
11
Net interest income
1,423
1,446
1,370
1,346
1,236
(2)
15
4,239
3,598
18
Total revenue
5,676
5,698
5,409
5,179
5,081
—
12
16,783
14,901
13
Provision for credit losses
1
(8)
(7)
(26)
(7)
N/M
N/M
(14)
(6)
N/M
Noninterest expense
Staff
1,805
1,785
1,888
1,812
1,745
1
3
5,478
5,347
2
Software and equipment
593
569
556
565
542
4
9
1,718
1,582
9
Professional, legal and other purchased services
474
441
388
429
404
7
17
1,303
1,158
13
Sub-custodian and clearing
168
162
151
139
141
4
19
481
422
14
Net occupancy
141
143
123
143
140
(1)
1
407
408
—
Distribution and servicing
78
76
73
73
68
3
15
227
196
16
Business development
58
68
50
71
45
(15)
29
176
146
21
Bank assessment charges
27
32
24
(22)
6
N/M
N/M
83
66
N/M
Amortization of intangible assets
9
10
9
11
12
(10)
(25)
28
34
(18)
Other
136
153
138
139
133
(11)
2
427
335
27
Total noninterest expense
3,489
3,439
3,400
3,360
3,236
1
8
10,328
9,694
7
Income before income taxes
2,186
2,267
2,016
1,845
1,852
(4)
18
6,469
5,213
24
Provision for income taxes
499
475
386
376
395
5
26
1,360
1,099
24
Net income
1,687
1,792
1,630
1,469
1,457
(6)
16
5,109
4,114
24
Net (income) loss attributable to noncontrolling interests
3
(31)
2
(8)
(12)
N/M
N/M
(26)
(26)
N/M
Preferred stock dividends
(82)
(65)
(70)
(34)
(106)
N/M
N/M
(217)
(209)
N/M
Net income applicable to common shareholders of The Bank of New York Mellon Corporation
$
1,608
$
1,696
$
1,562
$
1,427
$
1,339
(5)
%
20
%
$
4,866
$
3,879
25
%
N/M – Not meaningful.
4
THE BANK OF NEW YORK MELLON CORPORATION
EARNINGS PER SHARE AND RELATED INFORMATION
(dollars in millions, except per share amounts; common shares in thousands)
3Q26 vs.
YTD26 vs.
3Q26
2Q26
1Q26
4Q25
3Q25
2Q26
3Q25
YTD26
YTD25
YTD25
Basic earnings per share
Net income applicable to common shareholders of The Bank of New York Mellon Corporation
$
1,608
$
1,696
$
1,562
$
1,427
$
1,339
(5)
%
20
%
$
4,866
$
3,879
25
%
Average basic common shares outstanding
679,490
686,125
691,178
697,540
705,873
(1)
%
(4)
%
685,825
714,135
(4)
%
Basic earnings per share
$
2.37
$
2.47
$
2.26
$
2.04
$
1.90
(4)
%
25
%
$
7.09
$
5.43
31
%
Diluted earnings per share
Net income applicable to common shareholders of The Bank of New York Mellon Corporation
$
1,608
$
1,696
$
1,562
$
1,427
$
1,339
(5)
%
20
%
$
4,866
$
3,879
25
%
Average basic common shares outstanding
679,490
686,125
691,178
697,540
705,873
(1)
%
(4)
%
685,825
714,135
(4)
%
Add: Dilutive impact of unvested performance share units and restricted stock units
7,423
6,098
6,986
7,600
6,981
22
%
6
%
7,180
6,209
16
%
Average diluted common shares and equivalents outstanding
686,913
692,223
698,164
705,140
712,854
(1)
%
(4)
%
693,005
720,344
(4)
%
Diluted earnings per share
$
2.34
$
2.45
$
2.24
$
2.02
$
1.88
(4)
%
24
%
$
7.02
$
5.39
30
%
Common dividends
Cash dividends per common share
$
0.63
$
0.53
$
0.53
$
0.53
$
0.53
19
%
19
%
$
1.69
$
1.47
15
%
Total common stock dividends
(a)
$
436
$
371
$
376
$
377
$
381
18
%
14
%
$
1,183
$
1,070
11
%
Common dividend payout ratio
(b)
27
%
22
%
24
%
26
%
28
%
24
%
28
%
Common share repurchases
(c)
Total common shares repurchased
5,839
8,016
8,257
9,450
8,276
(27)
%
(29)
%
22,112
27,327
(19)
%
Average price paid per share of common stock
$
160.51
$
137.62
$
119.06
$
110.54
$
102.53
17
%
57
%
$
136.73
$
91.13
50
%
Total common share repurchases
$
937
$
1,103
$
983
$
1,045
$
849
(15)
%
10
%
3,023
2,490
21
%
Total capital returned to common shareholders
$
1,373
$
1,474
$
1,359
$
1,422
$
1,230
(7)
%
12
%
$
4,206
$
3,560
18
%
Total payout ratio
(b)
85
%
87
%
87
%
100
%
92
%
86
%
92
%
Employee issuance
Shares issued related to employee stock-based compensation awards and employee benefit plans
233
141
6,400
337
384
N/M
N/M
6,774
6,996
(3)
%
(a) Includes dividend equivalents on share-based awards.
(b) The common dividend payout ratio is based on total common stock dividends. The total payout ratio is based on the total capital returned to common shareholders, which includes total common stock dividends and common shares repurchased.
(c) Includes shares repurchased in the open market and shares repurchased in connection with employee benefit plans. In April 2024, we announced a share repurchase authorization providing for the repurchase of $6.0 billion of common shares. In April 2026, we announced a new share repurchase authorization providing for the repurchase of $10.0 billion of common shares in addition to any remaining capacity under the existing April 2024 authorization.
N/M - Not meaningful.
5
THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET
2026
2025
(dollars in millions)
Sept. 30
June 30
March 31
(a)
Dec. 31
Sept. 30
Assets
Cash and due from banks
$
6,736
$
7,483
$
6,390
$
5,111
$
5,055
Interest-bearing deposits with the Federal Reserve and other central banks
110,488
139,400
170,202
116,009
106,368
Interest-bearing deposits with banks
11,160
12,276
13,544
10,397
11,027
Federal funds sold and securities purchased under resale agreements
50,833
48,937
43,660
44,892
41,863
Investment securities
151,984
155,656
155,615
150,200
149,528
Trading assets
18,776
16,836
16,488
14,276
13,625
Loans
89,163
88,741
101,261
80,615
75,195
Allowance for loan losses
(220)
(222)
(237)
(245)
(272)
Net loans
88,943
88,519
101,024
80,370
74,923
Premises and equipment
4,123
3,910
3,796
3,581
3,549
Accrued interest receivable
1,475
1,473
1,402
1,435
1,426
Goodwill
16,728
16,731
16,734
16,767
16,773
Intangible assets
2,791
2,800
2,809
2,822
2,834
Other assets
29,947
30,998
29,853
26,440
28,341
Total assets
$
493,984
$
525,019
$
561,517
$
472,300
$
455,312
Liabilities
Deposits
$
335,446
$
370,541
$
417,080
$
331,894
$
314,697
Federal funds purchased and securities sold under repurchase agreements
25,106
26,114
19,506
18,992
16,585
Trading liabilities
6,854
5,299
4,747
6,135
3,499
Payables to customers and broker-dealers
23,270
25,734
24,754
21,872
23,638
Commercial paper
6,845
4,816
1,002
2,003
2,364
Other borrowed funds
1,005
401
175
422
283
Accrued taxes and other expenses
5,045
4,906
4,449
5,544
4,920
Other liabilities
12,971
11,492
11,903
8,757
12,678
Long-term debt
33,308
30,368
32,582
31,873
32,287
Total liabilities
449,850
479,671
516,198
427,492
410,951
Temporary equity
Redeemable noncontrolling interests
92
84
81
87
111
Permanent equity
Preferred stock
4,259
4,754
5,331
4,836
4,836
Common stock
14
14
14
14
14
Additional paid-in capital
30,485
30,348
30,142
29,907
29,795
Retained earnings
50,079
48,907
47,582
46,396
45,346
Accumulated other comprehensive loss, net of tax
(4,412)
(3,455)
(3,496)
(3,035)
(3,362)
Less: Treasury stock, at cost
(36,850)
(35,904)
(34,790)
(33,805)
(32,750)
Total The Bank of New York Mellon Corporation shareholders’ equity
43,575
44,664
44,783
44,313
43,879
Nonredeemable noncontrolling interests of consolidated investment management funds
467
600
455
408
371
Total permanent equity
44,042
45,264
45,238
44,721
44,250
Total liabilities, temporary equity and permanent equity
$
493,984
$
525,019
$
561,517
$
472,300
$
455,312
(a) The spot balance sheet on March 31, 2026, was temporarily elevated reflecting a single-day increase in deposits, interest-bearing deposits with the Federal Reserve and other central banks and overnight loans as a result of delayed processing of certain payments.
6
THE BANK OF NEW YORK MELLON CORPORATION
FEE AND OTHER REVENUE
3Q26 vs.
YTD26 vs.
(dollars in millions)
3Q26
2Q26
1Q26
4Q25
3Q25
2Q26
3Q25
YTD26
YTD25
YTD25
Investment services fees
$
2,973
$
2,909
$
2,652
$
2,632
$
2,585
2
%
15
%
$
8,534
$
7,579
13
%
Investment management and performance fees:
Investment management fees
(a)
801
793
784
792
776
1
3
2,378
2,258
5
Performance fees
2
3
1
14
6
N/M
N/M
6
21
N/M
Total investment management and performance fees
(b)
803
796
785
806
782
1
3
2,384
2,279
5
Foreign exchange revenue
198
229
232
171
166
(14)
19
659
535
23
Financing-related fees
66
64
62
53
67
3
(1)
192
178
8
Distribution and servicing fees
38
38
37
36
37
—
3
113
110
3
Total fee revenue
4,078
4,036
3,768
3,698
3,637
1
12
11,882
10,681
11
Investment and other revenue:
Income (loss) from consolidated investment management funds
(5)
60
(6)
19
23
N/M
N/M
49
64
N/M
Seed capital gains (losses)
(c)
2
12
(3)
4
8
N/M
N/M
11
10
N/M
Other trading revenue
72
59
94
76
73
N/M
N/M
225
203
N/M
Renewable energy investment gains
12
11
44
6
19
N/M
N/M
67
49
N/M
Corporate/bank-owned life insurance
48
43
48
51
41
N/M
N/M
139
114
N/M
Other investments gains (losses)
(d)
25
19
108
(43)
7
N/M
N/M
152
57
N/M
Disposal gains (losses)
—
—
—
—
12
N/M
N/M
—
52
N/M
Expense reimbursements from joint venture
41
31
32
35
36
N/M
N/M
104
101
N/M
Other income
5
6
4
2
19
N/M
N/M
15
37
N/M
Net investment securities gains (losses)
(25)
(25)
(50)
(15)
(30)
N/M
N/M
(100)
(65)
N/M
Total investment and other revenue
175
216
271
135
208
N/M
N/M
662
622
N/M
Total fee and other revenue
$
4,253
$
4,252
$
4,039
$
3,833
$
3,845
—
%
11
%
$
12,544
$
11,303
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 3% (Non-GAAP) compared with 3Q25. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 19 for the reconciliation of this Non-GAAP measure.
(c) Includes gains (losses) on investments in BNY funds which hedge deferred incentive awards.
(d) Includes strategic equity, private equity and other investments.
N/M – Not meaningful.
7
THE BANK OF NEW YORK MELLON CORPORATION
AVERAGE BALANCES AND INTEREST RATES
3Q26
2Q26
1Q26
4Q25
3Q25
Average balance
Average rate
Average balance
Average rate
Average balance
Average rate
Average balance
Average rate
Average balance
Average rate
(dollars in millions; average rates are annualized)
Assets
Interest-earning assets:
Interest-bearing deposits with the Federal Reserve and other central banks
$
87,820
3.26
%
$
89,954
3.17
%
$
97,886
3.19
%
$
97,489
3.38
%
$
94,533
3.69
%
Interest-bearing deposits with banks
11,789
2.43
12,657
2.49
12,049
2.30
11,440
2.53
10,980
2.97
Federal funds sold and securities purchased under resale agreements
46,756
19.11
(a)
45,056
23.13
(a)
42,848
24.29
(a)
43,363
26.99
(a)
40,885
30.66
(a)
Investment securities:
U.S. government obligations
35,930
3.68
36,407
3.59
34,521
3.50
33,726
3.49
31,754
3.59
U.S. government agency obligations
64,244
3.54
65,096
3.43
63,975
3.29
61,578
3.29
61,174
3.40
Other securities
54,278
3.66
54,853
3.50
55,405
3.45
55,119
3.54
54,986
3.61
Total investment securities
154,452
3.61
156,356
3.49
153,901
3.39
150,423
3.43
147,914
3.52
Trading securities
(b)
8,896
4.47
8,025
4.51
8,568
4.26
7,896
4.82
7,489
5.02
Loans
86,791
5.22
85,587
5.10
81,058
5.09
76,678
5.46
72,692
5.80
Total interest-earning assets
(b)
$
396,504
5.70
%
$
397,635
5.98
%
$
396,310
5.94
%
$
387,289
6.46
%
$
374,493
6.98
%
Noninterest-earning assets
67,545
67,135
65,618
63,924
62,998
Total assets
$
464,049
$
464,770
$
461,928
$
451,213
$
437,491
Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits
$
257,886
2.43
%
$
259,221
2.33
%
$
263,497
2.39
%
$
258,640
2.58
%
$
248,016
2.90
%
Federal funds purchased and securities sold under repurchase agreements
25,806
30.97
(a)
28,629
33.52
(a)
19,457
47.90
(a)
18,105
57.66
(a)
16,242
69.11
(a)
Trading liabilities
3,562
4.06
2,271
4.47
2,565
4.17
2,839
4.03
3,333
4.40
Payables to customers and broker-dealers
18,283
4.02
17,957
3.72
17,636
3.47
16,764
4.02
16,434
4.34
Commercial paper
5,249
4.09
1,772
4.13
1,945
3.97
2,310
4.32
3,268
4.63
Other borrowed funds
360
4.59
415
4.24
325
5.01
339
4.57
243
4.63
Long-term debt
31,909
4.95
31,029
4.88
32,542
4.93
32,135
5.09
32,503
5.53
Total interest-bearing liabilities
$
343,055
4.94
%
$
341,294
5.28
%
$
337,967
5.34
%
$
331,132
5.94
%
$
320,039
6.64
%
Total noninterest-bearing deposits
53,189
54,815
54,949
51,842
51,310
Other noninterest-bearing liabilities
22,546
23,330
24,116
23,858
21,674
Total The Bank of New York Mellon Corporation shareholders’ equity
44,779
44,809
44,432
43,978
43,974
Noncontrolling interests
480
522
464
403
494
Total liabilities and equity
$
464,049
$
464,770
$
461,928
$
451,213
$
437,491
Net interest margin
1.43
%
1.45
%
1.38
%
1.38
%
1.31
%
Net interest margin (FTE) – Non-GAAP
(c)
1.43
%
1.45
%
1.38
%
1.38
%
1.31
%
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $190 billion for 3Q26, $234 billion for 2Q26, $233 billion for 1Q26, $242 billion for 4Q25 and $241 billion for 3Q25. 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 3Q26, 3.74% for 2Q26, 3.78% for 1Q26, 4.11% for 4Q25 and 4.45% for 3Q25. 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 3Q26, 3.66% for 2Q26, 3.70% for 1Q26, 4.02% for 4Q25 and 4.36% for 3Q25. We believe providing the rates excluding the impact of netting is useful to investors as it is more reflective of the actual rates earned and paid.
(b) Average rates were calculated on an FTE basis, at tax rates of approximately 21%.
(c) See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 19 for the reconciliation of this Non-GAAP measure.
8
THE BANK OF NEW YORK MELLON CORPORATION
CAPITAL AND LIQUIDITY
2026
2025
(dollars in millions)
Sept. 30
June 30
March 31
Dec. 31
Sept. 30
Consolidated regulatory capital ratios:
(a)
Standardized Approach:
CET1 capital
$
20,967
$
21,564
$
21,108
$
21,086
$
20,645
Tier 1 capital
25,217
26,311
26,435
25,909
25,471
Total capital
26,547
27,792
27,927
27,390
27,079
Risk-weighted assets
191,765
196,108
191,849
177,677
176,432
CET1 ratio
10.9
%
11.0
%
11.0
%
11.9
%
11.7
%
Tier 1 capital ratio
13.1
13.4
13.8
14.6
14.4
Total capital ratio
13.8
14.2
14.6
15.4
15.3
Advanced Approaches:
CET1 capital
$
20,967
$
21,564
$
21,108
$
21,086
$
20,645
Tier 1 capital
25,217
26,311
26,435
25,909
25,471
Total capital
26,207
27,453
27,580
27,046
26,734
Risk-weighted assets
175,578
174,050
166,468
162,418
168,841
CET1 ratio
11.9
%
12.4
%
12.7
%
13.0
%
12.2
%
Tier 1 capital ratio
14.4
15.1
15.9
16.0
15.1
Total capital ratio
14.9
15.8
16.6
16.7
15.8
Tier 1 leverage ratio:
(a)
Average assets for Tier 1 leverage ratio
$
445,660
$
446,398
$
443,556
$
432,803
$
419,077
Tier 1 leverage ratio
5.7
%
5.9
%
6.0
%
6.0
%
6.1
%
SLR:
(a)
Leverage exposure
$
420,786
$
416,773
$
402,251
$
388,529
$
377,728
SLR
6.0
%
6.3
%
6.6
%
6.7
%
6.7
%
Average liquidity coverage ratio
(a)
111
%
111
%
111
%
112
%
112
%
Average net stable funding ratio
(a)
129
%
130
%
131
%
130
%
130
%
(a) Regulatory capital and liquidity ratios for Sept. 30, 2026 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for the periods presented, was the Standardized Approach.
9
THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT
3Q26 vs.
YTD26 vs.
(dollars in millions)
3Q26
2Q26
1Q26
4Q25
3Q25
2Q26
3Q25
YTD26
YTD25
YTD25
Revenue:
Investment services fees:
Asset Servicing
$
1,264
$
1,209
$
1,170
$
1,146
$
1,129
5
%
12
%
$
3,643
$
3,261
12
%
Issuer Services
449
463
278
331
313
(3)
43
1,190
956
24
Total investment services fees
1,713
1,672
1,448
1,477
1,442
2
19
4,833
4,217
15
Foreign exchange revenue
171
203
196
142
143
(16)
20
570
454
26
Other fees
(a)
78
77
74
68
73
1
7
229
198
16
Total fee revenue
1,962
1,952
1,718
1,687
1,658
1
18
5,632
4,869
16
Investment and other revenue
93
94
203
62
119
N/M
N/M
390
353
N/M
Total fee and other revenue
2,055
2,046
1,921
1,749
1,777
—
16
6,022
5,222
15
Net interest income
765
782
757
735
670
(2)
14
2,304
1,975
17
Total revenue
2,820
2,828
2,678
2,484
2,447
—
15
8,326
7,197
16
Provision for credit losses
4
(5)
(11)
(13)
(3)
N/M
N/M
(12)
(8)
N/M
Total noninterest expense
1,808
1,722
1,648
1,651
1,639
5
10
5,178
4,813
8
Income before income taxes
$
1,008
$
1,111
$
1,041
$
846
$
811
(9)
%
24
%
$
3,160
$
2,392
32
%
Total revenue by line of business:
Asset Servicing
$
2,130
$
2,121
$
2,170
$
1,932
$
1,903
—
%
12
%
$
6,421
$
5,535
16
%
Issuer Services
690
707
508
552
544
(2)
27
1,905
1,662
15
Total revenue by line of business
$
2,820
$
2,828
$
2,678
$
2,484
$
2,447
—
%
15
%
$
8,326
$
7,197
16
%
Financial ratios:
Pre-tax operating margin
35.8
%
39.3
%
38.9
%
34.1
%
33.1
%
38.0
%
33.2
%
Memo: Securities lending revenue
(b)
$
92
$
78
$
72
$
69
$
62
18
%
48
%
$
242
$
170
42
%
(a) Other fees primarily include financing-related fees.
(b) Included in investment services fees reported in the Asset Servicing line of business.
N/M – Not meaningful.
10
THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT
3Q26 vs.
YTD26 vs.
(dollars in millions, unless otherwise noted)
3Q26
2Q26
1Q26
4Q25
3Q25
2Q26
3Q25
YTD26
YTD25
YTD25
Selected balance sheet data:
Average loans
$
12,534
$
13,180
$
12,265
$
11,439
$
10,706
(5)
%
17
%
$
12,661
$
11,124
14
%
Average assets
(a)
$
214,879
$
214,794
$
218,500
$
211,728
$
201,965
—
%
6
%
$
216,044
$
200,843
8
%
Average deposits
$
191,647
$
194,183
$
197,789
$
192,771
$
183,070
(1)
%
5
%
$
194,517
$
181,608
7
%
Selected metrics:
AUC/A at period end
(in trillions) (b)(c)
$
45.9
$
45.3
$
42.7
$
42.7
$
41.5
1
%
11
%
Market value of securities on loan at period end
(in billions) (d)
$
630
$
645
$
629
$
604
$
554
(2)
%
14
%
Issuer Services
Total debt serviced at period end
(in trillions)
$
15.4
$
15.2
$
15.0
$
14.8
$
14.5
1
%
6
%
Number of Depositary Receipts programs at period end
1,670
1,655
1,632
1,614
1,601
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) Sept. 30, 2026 information is preliminary.
(c) Consists of AUC/A primarily from the Asset Servicing line of business and, to a lesser extent, the Issuer Services line of business. Includes the AUC/A of CIBC Mellon of $2.3 trillion at Sept. 30, 2026, $2.2 trillion at June 30, 2026, $2.1 trillion at March 31, 2026, $2.2 trillion at Dec. 31, 2025 and $2.1 trillion at Sept. 30, 2025.
(d) Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY acts as agent on behalf of CIBC Mellon clients, which totaled $72 billion at Sept. 30, 2026, $71 billion at June 30, 2026, $73 billion at March 31, 2026, $74 billion at Dec. 31, 2025 and $81 billion at Sept. 30, 2025.
11
THE BANK OF NEW YORK MELLON CORPORATION
MARKET AND WEALTH SERVICES BUSINESS SEGMENT
3Q26 vs.
YTD26 vs.
(dollars in millions)
3Q26
2Q26
1Q26
4Q25
3Q25
2Q26
3Q25
YTD26
YTD25
YTD25
Revenue:
Investment services fees:
Wealth Solutions
$
554
$
551
$
544
$
518
$
520
1
%
7
%
$
1,649
$
1,560
6
%
Payments and Trade
232
224
220
212
214
4
8
676
632
7
Clearance and Collateral Management
464
453
430
417
398
2
17
1,347
1,145
18
Total investment services fees
1,250
1,228
1,194
1,147
1,132
2
10
3,672
3,337
10
Foreign exchange revenue
31
34
36
28
31
(9)
—
101
90
12
Other fees
(a)
72
71
70
65
70
1
3
213
198
8
Total fee revenue
1,353
1,333
1,300
1,240
1,233
2
10
3,986
3,625
10
Investment and other revenue
24
26
21
9
22
N/M
N/M
71
79
N/M
Total fee and other revenue
1,377
1,359
1,321
1,249
1,255
1
10
4,057
3,704
10
Net interest income
607
611
571
569
524
(1)
16
1,789
1,527
17
Total revenue
1,984
1,970
1,892
1,818
1,779
1
12
5,846
5,231
12
Provision for credit losses
1
(2)
(6)
(7)
(3)
N/M
N/M
(7)
(5)
N/M
Total noninterest expense
963
948
937
951
912
2
6
2,848
2,705
5
Income before income taxes
$
1,020
$
1,024
$
961
$
874
$
870
—
%
17
%
$
3,005
$
2,531
19
%
Total revenue by line of business:
Wealth Solutions
$
813
$
806
$
783
$
754
$
741
1
%
10
%
$
2,402
$
2,223
8
%
Payments and Trade
579
571
545
524
510
1
14
1,695
1,477
15
Clearance and Collateral Management
592
593
564
540
528
—
12
1,749
1,531
14
Total revenue by line of business
$
1,984
$
1,970
$
1,892
$
1,818
$
1,779
1
%
12
%
$
5,846
$
5,231
12
%
Financial ratios:
Pre-tax operating margin
51.4
%
52.0
%
50.8
%
48.1
%
48.9
%
51.4
%
48.4
%
(a) Other fees primarily include financing-related fees.
N/M – Not meaningful.
12
THE BANK OF NEW YORK MELLON CORPORATION
MARKET AND WEALTH SERVICES BUSINESS SEGMENT
3Q26 vs.
YTD26 vs.
(dollars in millions, unless otherwise noted)
3Q26
2Q26
1Q26
4Q25
3Q25
2Q26
3Q25
YTD26
YTD25
YTD25
Selected balance sheet data:
Average loans
$
57,671
$
56,258
$
52,921
$
49,613
$
46,278
3
%
25
%
$
55,634
$
44,520
25
%
Average assets
(a)
$
151,049
$
148,791
$
147,689
$
145,105
$
137,592
2
%
10
%
$
149,189
$
134,338
11
%
Average deposits
$
103,556
$
102,606
$
103,043
$
101,776
$
97,508
1
%
6
%
$
103,070
$
95,350
8
%
Selected metrics:
AUC/A at period end
(in trillions) (b)(c)
$
17.1
$
16.9
$
16.5
$
16.2
$
16.0
1
%
7
%
Wealth Solutions
AUC/A at period end
(in trillions) (b)
$
3.6
$
3.6
$
3.3
$
3.3
$
3.2
—
%
13
%
Net new assets (U.S. platform)
(in billions)
(d)
$
48
$
25
$
22
$
51
$
3
N/M
N/M
Daily average revenue trades (“DARTs”) (U.S. platform)
(in thousands)
299
391
352
285
269
(24)
%
11
%
Average active clearing accounts
(in thousands)
8,832
8,730
8,601
8,487
8,387
1
%
5
%
Payments and Trade
Average daily U.S. dollar payment volumes
257,345
260,275
257,960
258,080
246,286
(1)
%
4
%
Clearance and Collateral Management
Average collateral balances
(in billions)
$
8,263
$
8,199
$
7,783
$
7,453
$
7,275
1
%
14
%
(a) In business segments where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.
(b) Sept. 30, 2026 information is preliminary.
(c) Consists of AUC/A from the Clearance and Collateral Management and Wealth Solutions lines of business.
(d) Net new assets represent net flows of assets (e.g., net cash deposits and net securities transfers, including dividends and interest) in customer accounts in Pershing LLC, a U.S. broker-dealer.
N/M – Not meaningful.
13
THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT
3Q26 vs.
YTD26 vs.
(dollars in millions)
3Q26
2Q26
1Q26
4Q25
3Q25
2Q26
3Q25
YTD26
YTD25
YTD25
Revenue:
Investment management fees
$
802
$
793
$
785
$
793
$
776
1
%
3
%
$
2,380
$
2,259
5
%
Performance fees
2
3
1
14
6
N/M
N/M
6
21
N/M
Investment management and performance fees
(a)
804
796
786
807
782
1
3
2,386
2,280
5
Distribution and servicing fees
70
71
70
69
69
(1)
1
211
206
2
Other fees
(b)
(84)
(87)
(83)
(84)
(78)
N/M
N/M
(254)
(229)
N/M
Total fee revenue
790
780
773
792
773
1
2
2,343
2,257
4
Investment and other revenue
(c)
8
29
(1)
11
10
N/M
N/M
36
24
N/M
Total fee and other revenue
(c)
798
809
772
803
783
(1)
2
2,379
2,281
4
Net interest income
59
54
53
51
41
9
44
166
123
35
Total revenue
857
863
825
854
824
(1)
4
2,545
2,404
6
Provision for credit losses
(3)
(5)
9
3
—
N/M
N/M
1
2
N/M
Total noninterest expense
655
686
726
703
640
(5)
2
2,067
2,007
3
Income before income taxes
$
205
$
182
$
90
$
148
$
184
13
%
11
%
$
477
$
395
21
%
Total revenue by line of business:
Investment Management
$
562
$
577
$
550
$
577
$
559
(3)
%
1
%
$
1,689
$
1,620
4
%
Wealth Management
295
286
275
277
265
3
11
856
784
9
Total revenue by line of business
$
857
$
863
$
825
$
854
$
824
(1)
%
4
%
$
2,545
$
2,404
6
%
Financial ratios:
Pre-tax operating margin
23.9
%
21.1
%
10.9
%
17.3
%
22.3
%
18.7
%
16.4
%
Selected balance sheet data:
Average loans
$
14,807
$
14,410
$
14,233
$
13,931
$
14,143
3
%
5
%
$
14,485
$
13,892
4
%
Average assets
(d)
$
27,964
$
27,508
$
27,261
$
26,948
$
27,247
2
%
3
%
$
27,580
$
26,924
2
%
Average deposits
$
9,690
$
9,691
$
9,592
$
9,453
$
9,201
—
%
5
%
$
9,658
$
9,442
2
%
(a) On a constant currency basis, investment management and performance fees increased 3% (Non-GAAP) compared with 3Q25. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 19 for the reconciliation of this Non-GAAP measure.
(b) Other fees primarily include investment services fees.
(c) Investment and other revenue and total fee and other revenue are net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds.
(d) In business segments where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.
N/M – Not meaningful.
14
THE BANK OF NEW YORK MELLON CORPORATION
AUM BY PRODUCT TYPE, CHANGES IN AUM AND WEALTH MANAGEMENT CLIENT ASSETS
3Q26 vs.
YTD26 vs.
(dollars in billions)
3Q26
2Q26
1Q26
4Q25
3Q25
2Q26
3Q25
YTD26
YTD25
YTD25
AUM by product type:
(a)(b)
Equity
$
180
$
184
$
172
$
179
$
180
(2)
%
—
%
Fixed income
269
267
261
262
257
1
5
Index
556
549
497
517
512
1
9
Liability-driven investments
502
523
530
539
537
(4)
(7)
Multi-asset and alternative investments
192
193
181
186
181
(1)
6
Cash
488
510
485
495
475
(4)
3
Total AUM
$
2,187
$
2,226
$
2,126
$
2,178
$
2,142
(2)
%
2
%
Changes in AUM:
(a)(b)
Beginning balance of AUM
$
2,226
$
2,126
$
2,178
$
2,142
$
2,106
$
2,178
$
2,029
Net inflows (outflows):
Long-term strategies:
Equity
(5)
(6)
(4)
(4)
(8)
(15)
(14)
Fixed income
9
9
3
5
7
21
14
Liability-driven investments
3
(14)
1
(15)
(23)
(10)
(22)
Multi-asset and alternative investments
(1)
(1)
—
(1)
(1)
(2)
(7)
Total long-term active strategies inflows (outflows)
6
(12)
—
(15)
(25)
(6)
(29)
Index
4
(9)
(7)
(8)
(8)
(12)
(41)
Total long-term strategies inflows (outflows)
10
(21)
(7)
(23)
(33)
(18)
(70)
Short-term strategies:
Cash
(22)
24
(10)
20
34
(8)
36
Total net inflows (outflows)
(12)
3
(17)
(3)
1
(26)
(34)
Net market impact
(27)
94
(23)
40
30
44
75
Net currency impact
—
3
(12)
(1)
(10)
(9)
57
Other
—
—
—
—
15
(c)
—
15
(c)
Ending balance of AUM
$
2,187
$
2,226
$
2,126
$
2,178
$
2,142
(2)
%
2
%
$
2,187
$
2,142
2
%
Wealth Management client assets
(a)(d)
$
354
$
348
$
339
$
350
$
348
2
%
2
%
(a) Sept. 30, 2026 information is preliminary.
(b) Represents assets managed in the Investment and Wealth Management business segment.
(c) Reflects a change in methodology beginning in the third quarter of 2025 to include assets under advisement.
(d) Includes AUM and AUC/A in the Wealth Management line of business.
15
THE BANK OF NEW YORK MELLON CORPORATION
OTHER SEGMENT
(dollars in millions)
3Q26
2Q26
1Q26
4Q25
3Q25
YTD26
YTD25
Revenue:
Fee revenue
$
(27)
$
(29)
$
(23)
$
(21)
$
(27)
$
(79)
$
(70)
Investment and other revenue
53
36
50
45
45
139
140
Total fee and other revenue
26
7
27
24
18
60
70
Net interest income (expense)
(8)
(1)
(11)
(9)
1
(20)
(27)
Total revenue
18
6
16
15
19
40
43
Provision for credit losses
(1)
4
1
(9)
(1)
4
5
Noninterest expense
63
83
89
55
45
235
169
Loss before income taxes
$
(44)
$
(81)
$
(74)
$
(31)
$
(25)
$
(199)
$
(131)
Selected balance sheet data:
Average loans and leases
$
1,779
$
1,739
$
1,639
$
1,695
$
1,565
$
1,720
$
1,684
Average assets
$
70,157
$
73,677
$
68,478
$
67,432
$
70,687
$
70,777
$
68,622
16
THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT SECURITIES PORTFOLIO
(dollars in millions)
June 30, 2026
3Q26
change in
unrealized
gain (loss)
Sept. 30, 2026
Fair value
as a % of amortized
cost
(a)
Unrealized
gain (loss)
% Floating
rate
(b)
Ratings
(c)
Amortized
cost
(a)
Fair value
AAA/
AA-
A+/
A-
BBB+/
BBB-
BB+ and
lower
Not
rated
Fair value
Agency RMBS
$
49,595
$
(1,728)
$
51,491
$
47,158
92
%
$
(4,333)
30
%
100
%
—
%
—
%
—
%
—
%
U.S. Treasury
35,851
(183)
35,473
35,024
99
(449)
46
100
—
—
—
—
Non-U.S. government
(d)
32,911
(303)
32,585
32,142
99
(443)
26
83
17
—
—
—
CLOs
8,846
(1)
9,118
9,121
100
3
100
100
—
—
—
—
Foreign covered bonds
8,571
(95)
8,798
8,680
99
(118)
41
100
—
—
—
—
Agency commercial MBS
9,253
(102)
8,940
8,614
96
(326)
45
100
—
—
—
—
U.S. government agencies
3,875
(31)
3,769
3,566
95
(203)
30
100
—
—
—
—
Non-agency commercial MBS
1,967
(14)
1,894
1,798
95
(96)
48
100
—
—
—
—
Non-agency RMBS
1,524
(8)
1,607
1,486
92
(121)
61
100
—
—
—
—
Other asset-backed securities
313
3
232
214
92
(18)
27
100
—
—
—
—
Other debt securities
11
(1)
11
10
91
(1)
—
—
—
—
—
100
Total investment securities
$
152,717
$
(2,463)
$
153,918
$
147,813
(e)
96
%
$
(6,105)
(f)
39
%
96
%
4
%
—
%
—
%
—
%
(a) Amortized cost includes the impact of hedged item basis adjustments, which was a net decrease of $2,637 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 $105,252 million at Sept. 30, 2026, or 71% of the investment securities portfolio. The fair value of the held-to-maturity securities totaled $42,561 million at Sept. 30, 2026, or 29% of the investment securities portfolio.
(f) At Sept. 30, 2026, includes a pre-tax net unrealized loss of $1,934 million related to available-for-sale securities, net of hedges, and $4,171 million related to held-to-maturity securities. The after-tax unrealized loss, net of hedges, related to available-for-sale securities was $1,468 million, and the after-tax unrealized loss related to held-to-maturity securities was $3,180 million.
Note: At Sept. 30, 2026, the accretable purchase discount relating to investment securities was $2,936 million. Including the discontinued hedges, net accretion was $160 million in 3Q26.
17
THE BANK OF NEW YORK MELLON CORPORATION
ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS
2026
2025
(dollars in millions)
Sept. 30
June 30
March 31
Dec. 31
Sept. 30
Allowance for credit losses – beginning of period:
Allowance for loan losses
$
222
$
237
$
245
$
272
$
275
Allowance for lending-related commitments
90
85
74
63
70
Allowance for other financial instruments
(a)
27
25
25
33
34
Allowance for credit losses – beginning of period
$
339
$
347
$
344
$
368
$
379
Net (charge-offs) recoveries:
Charge-offs
—
(1)
(1)
—
(5)
Recoveries
—
1
11
2
1
Total net (charge-offs) recoveries
—
—
10
2
(4)
Provision for credit losses
(b)
1
(8)
(7)
(26)
(7)
Allowance for credit losses – end of period
$
340
$
339
$
347
$
344
$
368
Allowance for credit losses – end of period:
Allowance for loan losses
$
220
$
222
$
237
$
245
$
272
Allowance for lending-related commitments
94
90
85
74
63
Allowance for other financial instruments
(a)
26
27
25
25
33
Allowance for credit losses – end of period
$
340
$
339
$
347
$
344
$
368
Allowance for loan losses as a percentage of total loans
0.25
%
0.25
%
0.23
%
0.30
%
0.36
%
Nonperforming assets
$
37
$
33
$
69
$
143
$
160
(a) Includes allowance for credit losses on federal funds sold and securities purchased under resale agreements, available-for-sale securities, held-to-maturity securities, accounts receivable, cash and due from banks and interest-bearing deposits with banks.
(b) Includes all instruments within the scope of ASU 2016-13,
Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments.
18
THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
BNY has included in this Financial Supplement certain Non-GAAP financial measures on a tangible basis as a supplement to GAAP information, which exclude goodwill and intangible assets, net of deferred tax liabilities. We believe that the return on tangible common equity – Non-GAAP is additional useful information for investors because it presents a measure of those assets that can generate income, and the tangible book value per common share – Non-GAAP is additional useful information because it presents the level of tangible assets in relation to shares of common stock outstanding.
Net interest income, on a fully taxable equivalent (“FTE”) basis – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income which allows for the comparison of amounts arising from both taxable and tax-exempt sources and is consistent with industry practice. The adjustment to an FTE basis has no impact on net income.
The presentation of the growth rates of investment management and performance fees on a constant currency basis permits investors to assess the significance of changes in foreign currency exchange rates. Growth rates on a constant currency basis were determined by applying the current period foreign currency exchange rates to the prior period revenue. We believe that this presentation, as a supplement to GAAP information, gives investors a clearer picture of the related revenue results without the variability caused by fluctuations in foreign currency exchange rates.
Note:
Returns on common and tangible common equity ratios are annualized.
Return on common equity and tangible common equity reconciliation
(dollars in millions)
3Q26
2Q26
1Q26
4Q25
3Q25
YTD26
YTD25
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP
$
1,608
$
1,696
$
1,562
$
1,427
$
1,339
$
4,866
$
3,879
Add: Amortization of intangible assets
9
10
9
11
12
28
34
Less: Tax impact of amortization of intangible assets
2
3
2
3
3
7
8
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP
$
1,615
$
1,703
$
1,569
$
1,435
$
1,348
$
4,887
$
3,905
Average common shareholders’ equity
$
39,756
$
39,535
$
39,448
$
39,142
$
38,626
$
39,580
$
37,839
Less: Average goodwill
16,764
16,768
16,774
16,777
16,787
16,769
16,718
Average intangible assets
2,802
2,809
2,819
2,827
2,842
2,810
2,847
Add: Deferred tax liability – tax deductible goodwill
1,225
1,225
1,226
1,227
1,236
1,225
1,236
Deferred tax liability – intangible assets
657
659
660
662
665
657
665
Average tangible common shareholders’ equity – Non-GAAP
$
22,072
$
21,842
$
21,741
$
21,427
$
20,898
$
21,883
$
20,175
Return on common equity – GAAP
16.0
%
17.2
%
16.1
%
14.5
%
13.7
%
16.4
%
13.7
%
Return on tangible common equity – Non-GAAP
29.0
%
31.3
%
29.3
%
26.6
%
25.6
%
29.9
%
25.9
%
19
THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Book value and tangible book value per common share reconciliation
2026
2025
(dollars in millions, except common shares and unless otherwise noted)
Sept. 30
June 30
March 31
Dec. 31
Sept. 30
The Bank of New York Mellon Corporation shareholders’ equity at period end – GAAP
$
43,575
$
44,664
$
44,783
$
44,313
$
43,879
Less: Preferred stock
4,259
4,754
5,331
4,836
4,836
The Bank of New York Mellon Corporation common shareholders’ equity at period end – GAAP
39,316
39,910
39,452
39,477
39,043
Less: Goodwill
16,728
16,731
16,734
16,767
16,773
Intangible assets
2,791
2,800
2,809
2,822
2,834
Add: Deferred tax liability – tax deductible goodwill
1,225
1,225
1,226
1,227
1,236
Deferred tax liability – intangible assets
657
659
660
662
665
The Bank of New York Mellon Corporation tangible common shareholders’ equity at period end – Non-GAAP
$
21,679
$
22,263
$
21,795
$
21,777
$
21,337
Period-end common shares outstanding
(in thousands)
672,898
678,504
686,379
688,236
697,349
Book value per common share – GAAP
$
58.43
$
58.82
$
57.48
$
57.36
$
55.99
Tangible book value per common share – Non-GAAP
$
32.22
$
32.81
$
31.75
$
31.64
$
30.60
Net interest margin reconciliation
(dollars in millions)
3Q26
2Q26
1Q26
4Q25
3Q25
Net interest income – GAAP
$
1,423
$
1,446
$
1,370
$
1,346
$
1,236
Add: Tax equivalent adjustment
1
—
—
—
—
Net interest income (FTE) – Non-GAAP
$
1,424
$
1,446
$
1,370
$
1,346
$
1,236
Average interest-earning assets
$
396,504
$
397,635
$
396,310
$
387,289
$
374,493
Net interest margin – GAAP
(a)
1.43
%
1.45
%
1.38
%
1.38
%
1.31
%
Net interest margin (FTE) – Non-GAAP
(a)
1.43
%
1.45
%
1.38
%
1.38
%
1.31
%
(a) Net interest margin is annualized.
Constant currency reconciliations
3Q26 vs.
(dollars in millions)
3Q26
3Q25
3Q25
Consolidated:
Investment management and performance fees – GAAP
$
803
$
782
3
%
Impact of changes in foreign currency exchange rates
—
(1)
Adjusted investment management and performance fees – Non-GAAP
$
803
$
781
3
%
Investment and Wealth Management business segment:
Investment management and performance fees – GAAP
$
804
$
782
3
%
Impact of changes in foreign currency exchange rates
—
(1)
Adjusted investment management and performance fees – Non-GAAP
$
804
$
781
3
%
20

----- ex993_quarterlyupdatepre.htm -----
EX-99.3
4
ex993_quarterlyupdatepre.htm
QUARTERLY UPDATE PRESENTATION
ex993_quarterlyupdatepre
3Q26 October 15, 2026 QUARTERLY UPDATE
2 • Revenue Growth: Total revenue of $5.7bn up 12% YoY • Expense Discipline: Expense of $3.5bn up 8% YoY – More than 3/4 of YoY increase reflects revenue-related expenses – The remaining variance reflects higher investments, partially offset by efficiency savings • Margin Expansion: – 389 bps of operating leverage(b) – Pre-tax margin of 38.5% up 2.1%-pts YoY • Improved Profitability: – ROE of 16.0% up 2.3%-pts YoY – ROTCE(a) of 29.0% up 3.4%-pts YoY • EPS Growth: EPS of $2.34 up 24% YoY • Attractive Capital Returns: Returned $1.4bn to common shareholders, including $436mm of dividends and $937mm of share repurchases – 86% payout ratio year-to-date 3Q26 Financial Highlights + 24% Revenue: + 12% 39% ROTCE(a): 29% Tier 1 Leverage: 5.7% + 8% Pre-tax Margin: EPS: Expenses: (a) Represents a non-GAAP measure. See page 11 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 3Q26 vs. 3Q25, unless otherwise noted.
3 3Q26 vs. $mm, except per share data or unless otherwise noted 3Q26 2Q26 3Q25 2Q26 3Q25 Income Statement Investment services fees $2,973 $2,909 $2,585 2% 15% Investment management and performance fees 803 796 782 1 3 Foreign exchange revenue 198 229 166 (14) 19 Other fee revenue 104 102 104 2 — Total fee revenue $4,078 $4,036 $3,637 1% 12% Investment and other revenue 175 216 208 N/M N/M Net interest income 1,423 1,446 1,236 (2) 15 Total revenue $5,676 $5,698 $5,081 —% 12% Provision for credit losses 1 (8) (7) N/M N/M Noninterest expense 3,489 3,439 3,236 1 8 Income before income taxes $2,186 $2,267 $1,852 (4)% 18%   Net income applicable to common shareholders $1,608 $1,696 $1,339 (5)% 20% Avg. common shares and equivalents outstanding (mm) - diluted 687 692 713 (1)% (4)% EPS $2.34 $2.45 $1.88 (4)% 24%   Key Performance Indicators Operating leverage(a) (184) bps 389 bps Pre-tax margin 38.5% 39.8% 36.4% ROE 16.0% 17.2% 13.7% ROTCE(b) 29.0% 31.3% 25.6% Non-GAAP measures, excluding notable items(c) Adjusted total revenue $5,676 $5,698 $5,069 —% 12% Adjusted noninterest expense 3,467 3,431 3,197 1 8 Adjusted EPS 2.37 2.46 1.91 (4) 24 Adjusted operating leverage (144) bps 353 bps Adjusted pre-tax margin 38.9% 39.9% 37.1% Adjusted ROTCE 29.3% 31.4% 26.0%   3Q26 Financial Results (a) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. (b) Represents a non-GAAP measure. See page 11 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE. (c) Each of the below line items represents a non-GAAP measure. See pages 11 and 12 in the Appendix for the corresponding reconciliations of these non-GAAP measures excluding notable items. N/M – not meaningful.
4     3Q26 2Q26 3Q25   Consolidated regulatory capital ratios(a)   Tier 1 capital ($mm) $25,217 $26,311 $25,471 Average assets for Tier 1 leverage ratio ($mm) 445,660 446,398 419,077 Tier 1 leverage ratio 5.7% 5.9% 6.1% Common Equity Tier 1 ("CET1") capital ($mm) $20,967 $21,564 $20,645 Risk-weighted assets ($mm) 191,765 196,108 176,432 CET1 ratio 10.9% 11.0% 11.7% Supplementary leverage ratio ("SLR") 6.0% 6.3% 6.7%                 Consolidated regulatory liquidity ratios(a)   Liquidity coverage ratio ("LCR") 111% 111% 112% Net stable funding ratio ("NSFR") 129% 130% 130%                 Capital returns(b) Cash dividends per common share $0.63 $0.53 $0.53 Common stock dividends ($mm) $436 $371 $381 Common stock repurchases ($mm) 937 1,103 849 Total capital return ($mm) $1,373 $1,474 $1,230 Total payout ratio 85% 87% 92% Profitability ROE 16.0% 17.2% 13.7% ROTCE(c) 29.0% 31.3% 25.6% Adjusted ROTCE(d) 29.3% 31.4% 26.0%   Capital and Liquidity CAPITAL • Tier 1 leverage ratio of 5.7% down 24 bps QoQ – Tier 1 capital of $25.2bn down $1,094mm QoQ, primarily reflecting capital returned through common stock repurchases and dividends, a decline in accumulated other comprehensive income and a preferred stock redemption, net of an issuance, partially offset by capital generated through earnings – Average assets for Tier 1 leverage ratio of $445.7bn down $0.7bn QoQ • CET1 ratio of 10.9% down 6 bps QoQ – CET1 capital of $21.0bn down $597mm QoQ, primarily reflecting capital returned through common stock repurchases and dividends and a decline in accumulated other comprehensive income, partially offset by capital generated through earnings – RWA of $191.8bn down $4.3bn QoQ LIQUIDITY • LCR of 111% flat QoQ • NSFR of 129% down 1%-pt QoQ (a) Note: See page 10 in the Appendix for corresponding footnotes. (b) Note: See page 10 in the Appendix for corresponding footnotes. (c) Represents a non-GAAP measure. See page 11 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE. (d) Represents a non-GAAP measure. See page 11 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE excluding notable items.
5 1,236 1,346 1,370 1,446 1,423 3Q25 4Q25 1Q26 2Q26 3Q26 3Q26 vs.   3Q26   2Q26   3Q25   Total assets $464 —% 6% Total interest-earning assets $397 —% 6% Cash and reverse repo 146 (1) — Loans 87 1 19 Investment securities 154 (1) 4 Noninterest-bearing $53 (3)% 4% Interest-bearing 258 (1) 4 Total deposits $311 (1)% 4%                Net Interest Income and Balance Sheet Trends Net Interest Income ($mm) 1.31% 1.38% 1.38% 1.45% 1.43% 3Q25 4Q25 1Q26 2Q26 3Q26 Net Interest Margin Balance Sheet Trends ($bn, average) • Net interest income of $1,423mm up 15% YoY and down 2% QoQ – YoY increase primarily reflecting the reinvestment of investment securities at higher yields and balance sheet growth, partially offset by deposit margin compression – QoQ decrease primarily reflecting lower deposit balances, partially offset by the reinvestment of investment securities at higher yields • Net interest margin of 1.43% up 12 bps YoY and down 2 bps QoQ • Avg. total deposits of $311bn up 4% YoY and down 1% QoQ
6 3Q26 vs. $mm, unless otherwise noted 3Q26 2Q26 3Q25 Asset Servicing $1,264 5% 12% Issuer Services 449 (3) 43 Total investment services fees $1,713 2% 19% Foreign exchange revenue 171 (16) 20 Other fees(a) 78 1 7 Investment and other revenue 93 N/M N/M Net interest income 765 (2) 14 Total revenue $2,820 —% 15% Provision for credit losses 4 N/M N/M Noninterest expense 1,808 5 10 Income before income taxes $1,008 (9)% 24%                 $bn, unless otherwise noted 3Q26 2Q26 3Q25 Pre-tax margin 35.8% 39.3% 33.1% Assets under custody and/or administration ("AUC/A")(trn) $45.9 $45.3 $41.5 Deposits (average) $192 $194 $183 Issuer Services Total debt serviced (trn) $15.4 $15.2 $14.5 Number of Depositary Receipts programs 1,670 1,655 1,601                 Securities Services Select Income Statement Data Select Income Statement Data Key Performance Indicators (b)(c) • Total revenue of $2,820mm up 15% YoY – Investment services fees up 19% YoY > Asset Servicing up 12% YoY, primarily reflecting higher client activity, net new business and market values > Issuer Services up 43% YoY, primarily reflecting higher Corporate Trust fees – Foreign exchange revenue up 20% YoY – Net interest income up 14% YoY • Noninterest expense of $1,808mm up 10% YoY, primarily reflecting higher revenue-related expenses and investments, partially offset by efficiency savings and lower severance expense • Income before income taxes of $1,008mm up 24% YoY Note: See page 10 in the Appendix for corresponding footnotes. N/M – not meaningful.
7 3Q26 vs. $mm, unless otherwise noted 3Q26 2Q26 3Q25 Wealth Solutions $554 1% 7% Clearance and Collateral Management 464 2 17 Payments and Trade 232 4 8 Total investment services fees $1,250 2% 10% Foreign exchange revenue 31 (9) — Other fees(a) 72 1 3 Investment and other revenue 24 N/M N/M Net interest income 607 (1) 16 Total revenue $1,984 1% 12% Provision for credit losses 1 N/M N/M Noninterest expense 963 2 6 Income before income taxes $1,020 —% 17%                 $bn, unless otherwise noted 3Q26 2Q26 3Q25 Pre-tax margin 51.4% 52.0% 48.9% AUC/A (trn)(b)(c) $17.1 $16.9 $16.0 Deposits (average) $104 $103 $98 Wealth Solutions AUC/A (trn)(b) $3.6 $3.6 $3.2 Net new assets (U.S. platform)(d) 48 25 3 Daily average revenue trades ("DARTs") (U.S. platform) ('000) 299 391 269 Average active clearing accounts ('000) 8,832 8,730 8,387 Payments and Trade U.S. dollar payment volumes (daily average) 257,345 260,275 246,286 Clearance and Collateral Management Average collateral balances $8,263 $8,199 $7,275                 Market and Wealth Services Select Income Statement Data Key Performance Indicators Select Income Statement Data • Total revenue of $1,984mm up 12% YoY – Investment services fees up 10% YoY > Wealth Solutions up 7% YoY, primarily reflecting higher market values, client activity and net new business > Clearance and Collateral Management up 17% YoY, primarily reflecting higher collateral balances and clearance volumes > Payments and Trade up 8% YoY, primarily reflecting net new business – Foreign exchange revenue flat YoY – Net interest income up 16% YoY • Noninterest expense of $963mm up 6% YoY, primarily reflecting higher revenue-related expenses and investments, partially offset by efficiency savings • Income before income taxes of $1,020mm up 17% YoY Note: See page 10 in the Appendix for corresponding footnotes. N/M – not meaningful.
8 3Q26 vs. $mm, unless otherwise noted 3Q26 2Q26 3Q25 Investment management fees $802 1% 3% Performance fees 2 N/M N/M Distribution and servicing fees 70 (1) 1 Other fees(a) (84) N/M N/M Investment and other revenue(b) 8 N/M N/M Net interest income 59 9 44 Total revenue $857 (1)% 4% Provision for credit losses (3) N/M N/M Noninterest expense 655 (5) 2 Income before income taxes $205 13% 11% Total revenue by line of business: Investment Management $562 (3)% 1% Wealth Management 295 3 11 Total revenue $857 (1)% 4%                 $bn, unless otherwise noted 3Q26 2Q26 3Q25 Pre-tax margin 23.9% 21.1% 22.3% Deposits (average) $10 $10 $9 Assets under management ("AUM")(c) $2,187 $2,226 $2,142 Long-term active strategies net flows $6 $(12) $(25) Index net flows 4 (9) (8) Short-term strategies net flows (22) 24 34 Total net flows $(12) $3 $1 Wealth Management Client assets(d) $354 $348 $348                 Investment and Wealth Management Select Income Statement Data Key Performance Indicators Select Income Statement Data • Total revenue of $857mm up 4% YoY – Investment Management up 1% YoY, primarily reflecting higher market values, partially offset by the mix of AUM flows – Wealth Management up 11% YoY, primarily reflecting higher net interest income and market values • Noninterest expense of $655mm up 2% YoY, primarily reflecting higher revenue-related expenses and investments, partially offset by efficiency savings • Income before income taxes of $205mm up 11% YoY • AUM of $2.2trn up 2% YoY, primarily reflecting higher market values, partially offset by cumulative net outflows and the unfavorable impact of a stronger U.S. dollar • Wealth Management client assets of $354bn up 2% YoY, primarily reflecting higher market values, partially offset by cumulative net outflows Note: See page 10 in the Appendix for corresponding footnotes. N/M – not meaningful.
9 $mm, unless otherwise noted 3Q26 2Q26 3Q25 Fee revenue $(27) $(29) $(27) Investment and other revenue 53 36 45 Net interest income (expense) (8) (1) 1 Total revenue $18 $6 $19 Provision for credit losses (1) 4 (1) Noninterest expense 63 83 45 Loss before income taxes $(44) $(81) $(25)                 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 primarily reflects the absence of 3Q25 gains realized on the sale of real estate, partially offset by a 3Q26 strategic equity investment gain – QoQ increase primarily reflects the strategic equity investment gain • Noninterest expense increased YoY, primarily reflecting the absence of a 3Q25 adjustment for the FDIC special assessment and higher severance expense Select Income Statement Data
10 Footnotes Page 4 – Capital and Liquidity (a) Regulatory capital and liquidity ratios for September 30, 2026 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for the periods presented, was the Standardized Approach. (b) Common stock dividends includes dividend equivalents on share-based awards. Common stock repurchases includes shares repurchased in the open market and shares repurchased in connection with employee benefit plans. In April 2024, we announced a share repurchase authorization providing for the repurchase of $6.0 billion of common shares. In April 2026, we announced a new share repurchase authorization providing for the repurchase of $10.0 billion of common shares in addition to any remaining capacity under the existing April 2024 authorization. Page 6 – Securities Services (a) Other fees primarily include financing-related fees. (b) September 30, 2026 information is preliminary. (c) Consists of AUC/A primarily from the Asset Servicing line of business and, to a lesser extent, the Issuer Services line of business. Includes the AUC/A of CIBC Mellon Trust Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $2.3 trillion at September 30, 2026, $2.2 trillion at June 30, 2026, and $2.1 trillion at September 30, 2025. Page 7 – Market and Wealth Services (a) Other fees primarily include financing-related fees. (b) September 30, 2026 information is preliminary. (c) Consists of AUC/A from the Clearance and Collateral Management and Wealth Solutions lines of business. (d) Net new assets represent net flows of assets (e.g., net cash deposits and net securities transfers, including dividends and interest) in customer accounts in Pershing LLC, a U.S. broker-dealer. Page 8 – 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) September 30, 2026 information is preliminary. Represents assets managed in the Investment and Wealth Management business segment. (d) September 30, 2026 information is preliminary. Includes AUM and AUC/A in the Wealth Management line of business.
11  $mm, unless otherwise noted   3Q26 2Q26 3Q25 Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $1,608 $1,696 $1,339 Add: Amortization of intangible assets 9 10 12 Less: Tax impact of amortization of intangible assets 2 3 3 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets — Non-GAAP $1,615 $1,703 $1,348 Less: Disposal gains (losses)(a) — — 9 Less: Severance expense(b) (18) (5) (39) Less: Litigation reserves(b) 1 (2) (2) Less: FDIC special assessment(b) — — 11 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 $1,632 $1,710 $1,369 Average common shareholders’ equity $39,756 $39,535 $38,626 Less: Average goodwill 16,764 16,768 16,787 Less: Average intangible assets 2,802 2,809 2,842 Add: Deferred tax liability – tax deductible goodwill 1,225 1,225 1,236 Add: Deferred tax liability – intangible assets 657 659 665 Average tangible common shareholders’ equity – Non-GAAP $22,072 $21,842 $20,898 Return on common equity(c) – GAAP 16.0% 17.2% 13.7% Adjusted return on common equity(c) – Non-GAAP 16.2% 17.3% 14.0% Return on tangible common equity(c) – Non-GAAP 29.0% 31.3% 25.6% Adjusted return on tangible common equity(c) – Non-GAAP 29.3% 31.4% 26.0%              Return on Common Equity and Tangible Common Equity Reconciliation (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) Returns are annualized.
12 Select Income Statement Data Reconciliation of Non-GAAP Measures – Impact of Notable Items 3Q26 vs.  $mm, except per share data or unless otherwise noted 3Q26 2Q26 3Q25 2Q26 3Q25 Total revenue – GAAP $5,676 $5,698 $5,081 —% 12% Less: Disposal gains (losses)(a) — — 12 Adjusted total revenue, excluding notable items — Non-GAAP $5,676 $5,698 $5,069 —% 12% Total noninterest expense – GAAP $3,489 $3,439 $3,236 1% 8% Less: Severance expense(b) 23 6 50 Less: Litigation reserves(b) (1) 2 3 Less: FDIC special assessment(b) — — (14) Adjusted total noninterest expense, excluding notable items — Non-GAAP $3,467 $3,431 $3,197 1% 8% Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $1,608 $1,696 $1,339 (5)% 20% Less: Disposal gains (losses)(a) — — 9 Severance expense(b) (18) (5) (39) Less: Litigation reserves(b) 1 (2) (2) Less FDIC special assessment(b) — — 11 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding notable items — Non-GAAP $1,625 $1,703 $1,360 (5)% 19% Diluted earnings per share – GAAP $2.34 $2.45 $1.88 (4)% 24% Less: Disposal gains (losses)(a) — — 0.01 Severance expense(b) (0.03) (0.01) (0.05) Litigation reserves(b) — — — FDIC special assessment(b) — — 0.01 Adjusted diluted earnings per share, excluding notable items — Non-GAAP $2.37 $2.46 $1.91 (4)% 24% Operating leverage – GAAP(c) (184) bps 389 bps Adjusted operating leverage, excluding notable items — Non-GAAP(c) (144) bps 353 bps Pre-tax operating margin – GAAP(d) 38.5% 39.8% 36.4% Adjusted pre-tax operating margin, excluding notable items — Non-GAAP(d) 38.9% 39.9% 37.1% (a) Disposal gains (losses) 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) Income before taxes divided by total revenue. See the 3Q26 Earnings Release for additional information.
13 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, 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 September 30, 2026. Forward-looking statements may be expressed in a variety of ways, including the use of future or present tense language. Words such as “estimate,” “forecast,” “project,” “anticipate,” “likely,” “target,” “expect,” “intend,” “continue,” “seek,” “believe,” “plan,” “goal,” “could,” “should,” “would,” “may,” “might,” “will,” “strategy,” “synergies,” “opportunities,” “trends,” “momentum,” “ambition,” “aspiration,” “objective,” “aim,” “future,” “potentially,” “outlook” and words of similar meaning may signify forward-looking statements. These statements are not guarantees of future results or occurrences, are inherently uncertain and are based upon current beliefs and expectations of future events, many of which are, by their nature, difficult to predict, outside of our control and subject to change. By identifying these statements for you in this manner, we are alerting you to the possibility that our actual results may differ, possibly materially, from the anticipated results expressed or implied in these forward-looking statements as a result of a number of important factors. These factors include: global inflationary impacts and the risk factors and other uncertainties set forth in our Annual Report on Form 10-K for the year ended Dec. 31, 2025 (the “2025 Annual Report”) and our other filings with the Securities and Exchange Commission (the “SEC”). Forward-looking statements about the timing, profitability, benefits and other prospective aspects of business and expense initiatives, our financial outlook, our medium-term financial targets and our long-term strategy, and how they can be achieved, are based on our current expectations regarding our ability to execute against our strategic initiatives, as well as our balance sheet size and composition, and may change, possibly materially, from what is currently expected. Statements about our outlook on total revenue are subject to various factors, including market levels, client activity, our ability to win and onboard new business, lost business, pricing pressure, our ability to launch new products to, and expand relationships with, existing clients, interest rates, re-investment yields and the size, mix and duration of our balance sheet, including with respect to deposits, loan balances and the securities portfolio. Statements about our artificial intelligence initiatives, including the timing, implementation, efficacy and expected benefits, are subject to various factors, including third-party and vendor dependencies, the availability, usability and quality of data, evolving legal, regulatory and supervisory expectations, employee and client adoption, and our ability to deploy, monitor and scale such capabilities with appropriate governance and in an effective control environment. Statements about our outlook on net interest income are subject to various factors, including interest rates, continued quantitative tightening, re-investment yields and the size, mix and duration of our balance sheet, including with respect to deposits, loan balances and the securities portfolio. Statements about our outlook on expenses are subject to various factors, including investments, revenue-related expenses, efficiency savings, salary increases, inflation and currency fluctuations. Statements about our target Tier 1 leverage ratio and CET1 ratio are subject to various factors, including capital requirements, interest rates, capital levels, risk- weighted assets and the size of our balance sheet, including deposit levels. Statements about the timing, manner and amount of any future common stock dividends or repurchases are subject to various factors, including our capital position, capital deployment opportunities, prevailing market conditions, legal and regulatory considerations and our outlook for the economic environment. Statements about our future effective tax rate are subject to various factors including, changes in the tax rates applicable to us, changes in our earnings mix, our profitability, the assumptions we have made in forecasting our expected tax rate, the interpretation or application of existing tax statutes and regulations, as well as any corporate tax legislation that may be enacted or any guidance that may be issued by the U.S. Internal Revenue Service. You should not place undue reliance on any forward-looking statement. All forward-looking statements speak only as of the date on which they were made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events. Non-GAAP Measures. In this presentation, the accompanying slides and our responses to questions, we may discuss certain non-GAAP measures in detailing our performance, which exclude certain items or otherwise include components that differ from GAAP. We believe these measures are useful to the investment community in analyzing the financial results and trends of ongoing operations. We believe they facilitate comparisons with prior periods and reflect the principal basis on which our management monitors financial performance. Additional disclosures relating to non-GAAP measures are contained in our reports filed with the SEC, including the 2025 Annual Report, the third quarter 2026 earnings release and the third quarter 2026 financial supplement, which are available at www.bny.com/investorrelations. Forward-Looking Non-GAAP Financial Measures. From time to time we may discuss forward-looking non-GAAP financial measures, such as forward-looking estimates or targets for total revenue and expenses excluding notable items. We are unable to provide a reconciliation of forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures because we are unable to provide, without unreasonable effort, a meaningful or accurate calculation or estimation of amounts that would be necessary for the reconciliation due to the complexity and inherent difficulty in forecasting and quantifying future amounts or when they may occur. Such unavailable information could be significant to future results. Cautionary Statement