Document


THE BANK OF NEW YORK MELLON CORPORATION
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)																4Q22 vs.										FY22 vs.
	4Q22			3Q22			2Q22			1Q22			4Q21			3Q22		4Q21		FY22			FY21			FY21
Selected income statement data


Fee and other revenue	$	2,862		$	3,353		$	3,430		$	3,228		$	3,338		(15)	%	(14)	%	$	12,873		$	13,313		(3)	%
Net interest revenue	1,056			926			824			698			677			14		56		3,504			2,618			34
Total revenue	3,918			4,279			4,254			3,926			4,015			(8)		(2)		16,377			15,931			3
Provision for credit losses	20			(30)			47			2			(17)			N/M		N/M		39			(231)			N/M
Noninterest expense	3,213			3,679			3,112			3,006			2,967			(13)		8		13,010			11,514			13
Income before income taxes	685			630			1,095			918			1,065			9		(36)		3,328			4,648			(28)
Provision for income taxes	142			242			231			153			196			(41)		(28)		768			877			(12)
Net income	$	543		$	388		$	864		$	765		$	869		40	%	(38)	%	$	2,560		$	3,771		(32)	%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	509		$	319		$	835		$	699		$	822		60	%	(38)	%	$	2,362		$	3,552		(34)	%
Diluted earnings per common share	$	0.62		$	0.39		$	1.03		$	0.86		$	1.01		59	%	(39)	%	$	2.90		$	4.14		(30)	%
Average common shares and equivalents outstanding – diluted (in thousands)	815,846			814,516			813,590			813,986			817,345			—	%	—	%	814,795			856,359			(5)	%

Financial ratios (Returns are annualized)
Pre-tax operating margin	17		%	15		%	26		%	23		%	27		%					20		%	29		%
Return on common equity	5.7		%	3.5		%	9.3		%	7.6		%	8.6		%					6.5		%	8.9		%
Return on tangible common equity – Non-GAAP (a)	11.5		%	7.5		%	19.2		%	15.4		%	17.2		%					13.4		%	17.1		%
Non-U.S. revenue as a percentage of total revenue	39		%	35		%	36		%	35		%	38		%					36		%	38		%

Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)	$	44.3		$	42.2		$	43.0		$	45.5		$	46.7		5	%	(5)	%
Assets under management (“AUM”) (in trillions)	$	1.84		$	1.78		$	1.94		$	2.27		$	2.43		3	%	(25)	%
Full-time employees	51,700			51,100			50,800			49,600			49,100			1	%	5	%
Book value per common share	$	44.40		$	43.18		$	44.73		$	45.76		$	47.50
Tangible book value per common share – Non-GAAP (a)	$	23.11		$	21.55		$	22.02		$	22.76		$	24.31
Cash dividends per common share	$	0.37		$	0.37		$	0.34		$	0.34		$	0.34
Common dividend payout ratio	60		%	95		%	33		%	40		%	34		%
Closing stock price per common share	$	45.52		$	38.52		$	41.71		$	49.63		$	58.08
Market capitalization	$	36,800		$	31,135		$	33,706		$	40,091		$	46,705
Common shares outstanding (in thousands)	808,445			808,280			808,103			807,798			804,145

Capital ratios at period end (c)
Common Equity Tier 1 ("CET1") ratio	11.2		%	10.0		%	10.0		%	10.1		%	11.2		%
Tier 1 capital ratio	14.2		%	12.8		%	12.8		%	12.9		%	14.0		%
Total capital ratio	15.0		%	13.7		%	13.6		%	13.7		%	14.9		%
Tier 1 leverage ratio	5.8		%	5.4		%	5.2		%	5.3		%	5.5		%
Supplementary leverage ratio ("SLR")	6.8		%	6.3		%	6.2		%	6.2		%	6.6		%
(a) Non-GAAP information, for all periods presented, excludes goodwill and intangible assets, net of deferred tax liabilities. See "Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of Non-GAAP measures.
(b) Includes the AUC/A of CIBC Mellon Global Securities Services Company ("CIBC Mellon"), a joint venture with the Canadian Imperial Bank of Commerce, of $1.5 trillion at Dec. 31, 2022, $1.4 trillion at Sep. 30, 2022, $1.5 trillion at June 30, 2022 and $1.7 trillion at March 31, 2022 and Dec. 31, 2021.
(c) Regulatory capital ratios for Dec. 31, 2022 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for Dec. 31, 2022 was the Advanced Approaches, for Sept. 30, 2022 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, for June 30, 2022 was the Advanced Approaches, and for March 31, 2022 and Dec. 31, 2021 was the Standardized Approach.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENT

(dollars in millions, except per share amounts; common shares in thousands)											4Q22 vs.								FY22 vs.
	4Q22		3Q22		2Q22		1Q22		4Q21		3Q22		4Q21		FY22		FY21		FY21
Revenue
Investment services fees	$	2,173	$	2,157	$	2,206	$	1,993	$	2,061	1	%	5	%	$	8,529	$	8,284	3	%
Investment management and performance fees	783		800		833		883		896		(2)		(13)		3,299		3,588		(8)
Foreign exchange revenue	190		203		222		207		199		(6)		(5)		822		799		3
Financing-related fees	43		43		44		45		47		—		(9)		175		194		(10)
Distribution and servicing fees	33		33		34		30		28		—		18		130		112		16
Total fee revenue	3,222		3,236		3,339		3,158		3,231		—		—		12,955		12,977		—
Investment and other revenue	(360)		117		91		70		107		N/M		N/M		(82)		336		N/M
Total fee and other revenue	2,862		3,353		3,430		3,228		3,338		(15)		(14)		12,873		13,313		(3)
Net interest revenue	1,056		926		824		698		677		14		56		3,504		2,618		34
Total revenue	3,918		4,279		4,254		3,926		4,015		(8)		(2)		16,377		15,931		3
Provision for credit losses	20		(30)		47		2		(17)		N/M		N/M		39		(231)		N/M
Noninterest expense
Staff	1,802		1,673		1,623		1,702		1,633		8		10		6,800		6,337		7
Software and equipment	432		421		405		399		379		3		14		1,657		1,478		12
Professional, legal and other purchased services	415		363		379		370		390		14		6		1,527		1,459		5
Net occupancy	143		124		125		122		133		15		8		514		498		3
Sub-custodian and clearing	112		124		131		118		120		(10)		(7)		485		505		(4)
Distribution and servicing	86		88		90		79		75		(2)		15		343		298		15
Business development	45		34		43		30		44		32		2		152		107		42
Bank assessment charges	19		35		37		35		30		(46)		(37)		126		133		(5)
Goodwill impairment	—		680		—		—		—		N/M		N/M		680		—		N/M
Amortization of intangible assets	16		17		17		17		19		(6)		(16)		67		82		(18)
Other	143		120		262		134		144		19		(1)		659		617		7
Total noninterest expense	3,213		3,679		3,112		3,006		2,967		(13)		8		13,010		11,514		13
Income before income taxes	685		630		1,095		918		1,065		9		(36)		3,328		4,648		(28)
Provision for income taxes	142		242		231		153		196		(41)		(28)		768		877		(12)
Net income	543		388		864		765		869		40		(38)		2,560		3,771		(32)
Net loss (income) attributable to noncontrolling interests	—		—		5		8		(6)		N/M		N/M		13		(12)		N/M
Preferred stock dividends	(34)		(69)		(34)		(74)		(41)		N/M		N/M		(211)		(207)		N/M
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	509	$	319	$	835	$	699	$	822	60	%	(38)	%	$	2,362	$	3,552	(34)	%

Average common shares and equivalents outstanding: Basic	811,586		811,304		810,903		809,469		811,463		—	%	—	%	811,047		851,905		(5)	%
Diluted	815,846		814,516		813,590		813,986		817,345		—	%	—	%	814,795		856,359		(5)	%

Earnings per common share: Basic	$	0.63	$	0.39	$	1.03	$	0.86	$	1.01	62	%	(38)	%	$	2.91	$	4.17	(30)	%
Diluted	$	0.62	$	0.39	$	1.03	$	0.86	$	1.01	59	%	(39)	%	$	2.90	$	4.14	(30)	%
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET

	2022								2021
(in millions)	Dec. 31		Sept. 30		June 30		March 31		Dec. 31
Assets
Cash and due from banks	$	5,030	$	4,707	$	5,185	$	6,143	$	6,061
Interest-bearing deposits with the Federal Reserve and other central banks	91,655		107,427		125,372		135,691		102,467
Interest-bearing deposits with banks	17,169		13,890		16,639		18,268		16,630
Federal funds sold and securities purchased under resale agreements	24,298		23,483		22,940		27,131		29,607
Securities	142,816		144,181		150,844		153,396		158,705
Trading assets	9,908		12,650		10,759		14,703		16,577
Loans	66,063		69,829		69,347		68,052		67,787
Allowance for loan losses	(176)		(164)		(181)		(171)		(196)
Net loans	65,887		69,665		69,166		67,881		67,591
Premises and equipment	3,256		3,311		3,354		3,359		3,431
Accrued interest receivable	858		723		548		467		457
Goodwill	16,150		16,412		17,271		17,462		17,512
Intangible assets	2,901		2,902		2,934		2,968		2,991
Other assets	25,855		28,602		27,609		26,342		22,409
Total assets	$	405,783	$	427,953	$	452,621	$	473,811	$	444,438
Liabilities
Deposits	$	278,970	$	301,989	$	325,813	$	345,565	$	319,694
Federal funds purchased and securities sold under repurchase agreements	12,335		11,339		11,434		13,181		11,566
Trading liabilities	5,385		7,494		5,595		5,587		5,469
Payables to customers and broker-dealers	23,435		23,741		25,769		26,608		25,150

Other borrowed funds	397		357		520		312		749
Accrued taxes and other expenses	5,410		5,316		5,011		4,534		5,767
Other liabilities	8,543		10,001		9,724		10,626		6,721
Long-term debt	30,458		27,820		27,610		25,246		25,931
Total liabilities	364,933		388,057		411,476		431,659		401,047
Temporary equity
Redeemable noncontrolling interests	109		152		154		155		161
Permanent equity
Preferred stock	4,838		4,838		4,838		4,838		4,838
Common stock	14		14		14		14		14
Additional paid-in capital	28,508		28,374		28,316		28,258		28,128
Retained earnings	37,864		37,660		37,644		37,088		36,667
Accumulated other comprehensive loss, net of tax	(5,966)		(6,627)		(5,307)		(3,881)		(2,213)
Less: Treasury stock, at cost	(24,524)		(24,522)		(24,521)		(24,518)		(24,400)
Total The Bank of New York Mellon Corporation shareholders’ equity	40,734		39,737		40,984		41,799		43,034
Nonredeemable noncontrolling interests of consolidated investment management funds	7		7		7		198		196
Total permanent equity	40,741		39,744		40,991		41,997		43,230
Total liabilities, temporary equity and permanent equity	$	405,783	$	427,953	$	452,621	$	473,811	$	444,438


THE BANK OF NEW YORK MELLON CORPORATION
FEE AND OTHER REVENUE

											4Q22 vs.								FY22 vs.
(dollars in millions)	4Q22		3Q22		2Q22		1Q22		4Q21		3Q22		4Q21		FY22		FY21		FY21
Investment services fees	$	2,173	$	2,157	$	2,206	$	1,993	$	2,061	1	%	5	%	$	8,529	$	8,284	3	%
Investment management and performance fees:
Investment management fees (a)	757		790		828		849		864		(4)		(12)		3,224		3,481		(7)
Performance fees	26		10		5		34		32		N/M		(19)		75		107		(30)
Total investment management and performance fees (b)	783		800		833		883		896		(2)		(13)		3,299		3,588		(8)
Foreign exchange revenue	190		203		222		207		199		(6)		(5)		822		799		3
Financing-related fees	43		43		44		45		47		—		(9)		175		194		(10)
Distribution and servicing fees	33		33		34		30		28		—		18		130		112		16
Total fee revenue	3,222		3,236		3,339		3,158		3,231		—		—		12,955		12,977		—
Investment and other revenue:
Income (loss) from consolidated investment management funds	9		(7)		(24)		(20)		9		N/M		N/M		(42)		32		N/M
Seed capital gains (losses) (c)	6		(11)		(24)		(8)		12		N/M		N/M		(37)		40		N/M
Other trading revenue (loss)	34		65		45		5		(6)		N/M		N/M		149		6		N/M
Renewable energy investment (losses)	(32)		(44)		(44)		(44)		(37)		N/M		N/M		(164)		(201)		N/M
Corporate/bank-owned life insurance	35		32		28		33		45		N/M		N/M		128		140		N/M
Other investments gains (d)	7		13		78		61		55		N/M		N/M		159		159		N/M
Disposal (losses) gains	(11)		37		—		—		—		N/M		N/M		26		13		N/M
Expense reimbursements from joint venture	28		27		26		27		23		N/M		N/M		108		96		N/M
Other income	12		4		6		12		5		N/M		N/M		34		46		N/M
Net securities (losses) gains	(448)		1		—		4		1		N/M		N/M		(443)		5		N/M
Total investment and other revenue	(360)		117		91		70		107		N/M		N/M		(82)		336		N/M
Total fee and other revenue	$	2,862	$	3,353	$	3,430	$	3,228	$	3,338	(15)	%	(14)	%	$	12,873	$	13,313	(3)	%
(a) Excludes seed capital gains (losses) related to consolidated investment management funds.
(b) On a constant currency basis (Non-GAAP), investment management and performance fees decreased 8% compared with 4Q21. See "Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure.
(c) Includes gains (losses) on investments in BNY Mellon funds which hedge deferred incentive awards.
(d) Includes strategic equity, private equity and other investments.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
AVERAGE BALANCES AND INTEREST RATES
	4Q22				3Q22				2Q22				1Q22				4Q21
	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	$	94,868	2.60	%	$	91,836	1.23	%	$	102,844	0.38	%	$	100,303	0.01	%	$	105,065	(0.06)	%
Interest-bearing deposits with banks	15,750		2.70		16,298		1.62		18,097		0.74		17,181		0.33		18,818		0.23
Federal funds sold and securities purchased under resale agreements (a)	25,657		11.22		22,971		5.55		24,212		1.91		27,006		0.56		27,780		0.45
Loans	67,364		4.65		68,082		3.39		69,036		2.15		66,810		1.57		64,650		1.55
Securities:
U.S. government obligations	39,382		2.46		40,829		1.75		41,267		1.07		40,868		0.74		39,169		0.73
U.S. government agency obligations	61,426		2.30		62,819		1.91		64,939		1.59		67,055		1.46		69,691		1.35
State and political subdivisions (b)	1,178		2.77		1,982		2.39		2,065		2.13		2,337		2.16		2,569		2.11
Other securities (b)	41,732		2.66		42,642		1.90		43,635		1.31		45,541		1.02		47,493		0.97
Total investment securities (b)	143,718		2.45		148,272		1.87		151,906		1.37		155,801		1.15		158,922		1.10
Trading securities (b)	5,630		4.51		4,603		3.06		4,687		1.91		6,085		1.43		6,447		0.93
Total securities (b)	149,348		2.53		152,875		1.91		156,593		1.39		161,886		1.16		165,369		1.09
Total interest-earning assets (b)	$	352,987	3.59	%	$	352,062	2.24	%	$	370,782	1.25	%	$	373,186	0.84	%	$	381,682	0.76	%
Noninterest-earning assets	61,532				63,608				66,841				67,016				67,956
Total assets	$	414,519			$	415,670			$	437,623			$	440,202			$	449,638

Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits	$	207,875	2.00	%	$	203,659	0.95	%	$	219,124	0.16	%	$	223,243	(0.07)	%	$	231,086	(0.08)	%
Federal funds purchased and securities sold under repurchase agreements (a)	13,985		16.88		12,297		8.05		12,610		2.47		12,864		0.36		12,421		0.07
Trading liabilities	3,572		3.45		3,550		2.52		3,231		1.25		3,372		0.53		3,019		0.28
Other borrowed funds	619		1.69		504		1.15		437		2.14		458		2.36		517		1.80
Commercial paper	6		3.87		5		2.34		5		1.61		4		0.09		—		—
Payables to customers and broker-dealers	17,147		2.27		18,030		1.07		16,592		0.21		16,661		0.01		16,414		(0.01)
Long-term debt	29,508		4.90		28,449		3.43		26,195		2.22		25,588		1.53		25,932		1.36
Total interest-bearing liabilities	$	272,712	3.11	%	$	266,494	1.57	%	$	278,194	0.48	%	$	282,190	0.11	%	$	289,389	0.07	%
Total noninterest-bearing deposits	75,862				84,804				91,893				90,179				91,535
Other noninterest-bearing liabilities	25,810				23,547				26,354				25,419				25,481
Total The Bank of New York Mellon Corporation shareholders’ equity	40,097				40,780				41,037				42,201				42,968
Noncontrolling interests	38				45				145				213				265
Total liabilities and equity	$	414,519			$	415,670			$	437,623			$	440,202			$	449,638
Net interest margin			1.19	%			1.05	%			0.89	%			0.75	%			0.71	%
Net interest margin (FTE) – Non-GAAP (c)			1.19	%			1.05	%			0.89	%			0.76	%			0.71	%
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $51 billion for 4Q22, $35 billion for 3Q22, $33 billion for 2Q22, $53 billion for 1Q22 and $54 billion for 4Q21. 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 3.76% for 4Q22, 2.21% for 3Q22, 0.80% for 2Q22, 0.19% for 1Q22 and 0.15% for 4Q21. 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 3.63% for 4Q22, 2.11% for 3Q22, 0.68% for 2Q22, 0.07% for 1Q22 and 0.01% for 4Q21. We believe providing the rates excluding the impact of netting is useful to investors as it is more reflective of the actual rates earned and paid.
(b) Average rates were calculated on an FTE basis, at tax rates of approximately 21%.
(c) See "Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure.


THE BANK OF NEW YORK MELLON CORPORATION
CAPITAL AND LIQUIDITY

	2022												2021
(dollars in millions)	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
Consolidated regulatory capital ratios (a)
Standardized Approach:
CET1 capital	$	18,082		$	16,726		$	17,067		$	17,579		$	18,746
Tier 1 capital	22,906			21,495			21,824			22,335			23,485
Total capital	24,436			23,008			23,366			23,835			24,972
Risk-weighted assets	159,088			167,457			169,710			173,629			167,608

CET1 ratio	11.4		%	10.0		%	10.1		%	10.1		%	11.2		%
Tier 1 capital ratio	14.4			12.8			12.9			12.9			14.0
Total capital ratio	15.4			13.7			13.8			13.7			14.9

Advanced Approaches:
CET1 capital	$	18,082		$	16,726		$	17,067		$	17,579		$	18,746
Tier 1 capital	22,906			21,495			21,824			22,335			23,485
Total capital	24,195			22,762			23,112			23,582			24,722
Risk-weighted assets	161,728			165,893			169,919			169,091			165,067

CET1 ratio	11.2		%	10.1		%	10.0		%	10.4		%	11.4		%
Tier 1 capital ratio	14.2			13.0			12.8			13.2			14.2
Total capital ratio	15.0			13.7			13.6			13.9			15.0

Tier 1 leverage ratio:
Average assets for Tier 1 leverage ratio	$	396,693		$	397,428		$	418,467		$	420,778		$	430,102
Tier 1 leverage ratio	5.8		%	5.4		%	5.2		%	5.3		%	5.5		%

SLR:
Leverage exposure	$	338,275		$	340,055		$	351,552		$	361,464		$	354,033
SLR	6.8		%	6.3		%	6.2		%	6.2		%	6.6		%

Average liquidity coverage ratio	118		%	116		%	111		%	109		%	109		%
(a) Regulatory capital ratios for Dec. 31, 2022 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for Dec. 31, 2022 was the Advanced Approaches, for Sept. 30, 2022 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, for June 30, 2022 was the Advanced Approaches, and for March 31, 2022 and Dec. 31, 2021 was the Standardized Approach.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT

																4Q22 vs.										FY22 vs.
(dollars in millions)	4Q22			3Q22			2Q22			1Q22			4Q21			3Q22		4Q21		FY22			FY21			FY21
Revenue:
Investment services fees:
Asset Servicing	$	971		$	953		$	995		$	999		$	984		2	%	(1)	%	$	3,918		$	3,876		1	%
Issuer Services	271			288			309			141			253			(6)		7		1,009			1,061			(5)
Total investment services fees	1,242			1,241			1,304			1,140			1,237			—		—		4,927			4,937			—
Foreign exchange revenue	149			132			155			148			148			13		1		584			574			2
Other fees (a)	55			52			54			41			28			6		96		202			113			79
Total fee revenue	1,446			1,425			1,513			1,329			1,413			1		2		5,713			5,624			2
Investment and other revenue	70			111			36			74			53			N/M		N/M		291			194			N/M
Total fee and other revenue	1,516			1,536			1,549			1,403			1,466			(1)		3		6,004			5,818			3
Net interest revenue	656			538			457			377			367			22		79		2,028			1,426			42
Total revenue	2,172			2,074			2,006			1,780			1,833			5		18		8,032			7,244			11
Provision for credit losses	11			(6)			13			(10)			(7)			N/M		N/M		8			(134)			N/M
Noninterest expense (ex. amortization of intangible assets)	1,568			1,549			1,647			1,502			1,481			1		6		6,266			5,820			8
Amortization of intangible assets	8			8			9			8			9			—		(11)		33			32			3
Total noninterest expense	1,576			1,557			1,656			1,510			1,490			1		6		6,299			5,852			8
Income before income taxes	$	585		$	523		$	337		$	280		$	350		12	%	67	%	$	1,725		$	1,526		13	%


Total revenue by line of business:
Asset Servicing	$	1,681		$	1,596		$	1,534		$	1,512		$	1,456		5	%	15	%	$	6,323		$	5,699		11	%
Issuer Services	491			478			472			268			377			3		30		1,709			1,545			11
Total revenue by line of business	$	2,172		$	2,074		$	2,006		$	1,780		$	1,833		5	%	18	%	$	8,032		$	7,244		11	%

Financial ratios:
Pre-tax operating margin	27		%	25		%	17		%	16		%	19		%					21		%	21		%

Memo: Securities lending revenue (b)	$	50		$	48		$	45		$	39		$	45		4	%	11	%	$	182		$	173		5	%
(a) Other fees primarily include financing-related fees.
(b) Included in investment services fees reported in the Asset Servicing line of business.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT

											4Q22 vs.								FY22 vs.
(dollars in millions, unless otherwise noted)	4Q22		3Q22		2Q22		1Q22		4Q21		3Q22		4Q21		FY22		FY21		FY21
Selected balance sheet data:
Average loans	$	11,850	$	11,573	$	11,386	$	10,150	$	9,764	2	%	21	%	$	11,245	$	8,756	28	%
Average assets (a)	$	206,810	$	203,063	$	219,797	$	220,889	$	229,511	2	%	(10)	%	$	212,575	$	228,915	(7)	%
Average deposits	$	176,541	$	176,328	$	191,191	$	192,156	$	200,272	—	%	(12)	%	$	183,990	$	200,482	(8)	%

Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	31.4	$	30.0	$	31.0	$	33.7	$	34.6	5	%	(9)	%	$	31.4	$	34.6	(9)	%
Market value of securities on loan at period end (in billions) (d)	$	449	$	435	$	441	$	449	$	447	3	%	—	%	$	449	$	447	—	%
(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) Dec. 31, 2022 information is preliminary.
(c) Consists of AUC/A primarily from the Asset Servicing line of business and, to a lesser extent, the Issuer Services line of business. Includes the AUC/A of CIBC Mellon of $1.5 trillion at Dec. 31, 2022, $1.4 trillion at Sept. 30, 2022, $1.5 trillion at June 30, 2022 and $1.7 trillion at March 31, 2022 and Dec. 31, 2021.
(d) Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $68 billion at Dec. 31, 2022, $75 billion at Sept. 30, 2022, $70 billion at June 30, 2022, $78 billion at March 31, 2022 and $71 billion at Dec. 31, 2021.


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

																4Q22 vs.										FY22 vs.
(dollars in millions)	4Q22			3Q22			2Q22			1Q22			4Q21			3Q22		4Q21		FY22			FY21			FY21
Revenue:
Investment services fees:
Pershing	$	502		$	494		$	479		$	433		$	412		2	%	22	%	$	1,908		$	1,737		10	%
Treasury Services	170			173			176			170			170			(2)		—		689			662			4
Clearance and Collateral Management	249			239			240			243			236			4		6		971			918			6
Total investment services fees	921			906			895			846			818			2		13		3,568			3,317			8
Foreign exchange revenue	20			20			22			26			21			—		(5)		88			88			—
Other fees (a)	47			49			46			34			31			(4)		52		176			131			34
Total fee revenue	988			975			963			906			870			1		14		3,832			3,536			8
Investment and other revenue	15			14			11			—			6			N/M		N/M		40			47			N/M
Total fee and other revenue	1,003			989			974			906			876			1		14		3,872			3,583			8
Net interest revenue	396			378			340			296			297			5		33		1,410			1,158			22
Total revenue	1,399			1,367			1,314			1,202			1,173			2		19		5,282			4,741			11
Provision for credit losses	6			(1)			4			(2)			(3)			N/M		N/M		7			(67)			N/M
Noninterest expense (ex. amortization of intangible assets)	783			735			700			706			670			7		17		2,924			2,655			10
Amortization of intangible assets	2			2			2			2			4			—		(50)		8			21			(62)
Total noninterest expense	785			737			702			708			674			7		16		2,932			2,676			10
Income before income taxes	$	608		$	631		$	608		$	496		$	502		(4)	%	21	%	$	2,343		$	2,132		10	%


Total revenue by line of business:
Pershing	$	673		$	658		$	636		$	570		$	553		2	%	22	%	$	2,537		$	2,314		10	%
Treasury Services	382			390			373			338			331			(2)		15		1,483			1,293			15
Clearance and Collateral Management	344			319			305			294			289			8		19		1,262			1,134			11
Total revenue by line of business	$	1,399		$	1,367		$	1,314		$	1,202		$	1,173		2	%	19	%	$	5,282		$	4,741		11	%


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


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

											4Q22 vs.								FY22 vs.
(dollars in millions, unless otherwise noted)	4Q22		3Q22		2Q22		1Q22		4Q21		3Q22		4Q21		FY22		FY21		FY21
Selected balance sheet data:
Average loans	$	39,843	$	40,882	$	42,391	$	42,113	$	40,812	(3)	%	(2)	%	$	41,300	$	38,344	8	%
Average assets (a)	$	132,306	$	138,204	$	141,952	$	141,183	$	143,816	(4)	%	(8)	%	$	138,386	$	145,123	(5)	%
Average deposits	$	86,083	$	90,612	$	94,716	$	95,704	$	100,653	(5)	%	(14)	%	$	91,749	$	102,948	(11)	%

Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	12.7	$	12.0	$	11.8	$	11.6	$	11.8	6	%	8	%	$	12.7	$	11.8	8	%

Pershing
AUC/A at period end (in trillions) (b)	$	2.3	$	2.1	$	2.2	$	2.5	$	2.6	10	%	(12)	%	$	2.3	$	2.6	(12)	%
Net new assets (U.S. platform) (in billions) (d)	$	42	$	45	$	16	$	18	$	69	N/M		N/M		$	121	$	161	N/M
Average active clearing accounts (in thousands)	7,603		7,466		7,432		7,432		7,334		2	%	4	%	7,483		7,257		3	%

Treasury Services
Average daily U.S. dollar payment volumes	246,189		234,468		237,763		240,403		245,634		5	%	—	%	239,630		235,971		2	%

Clearance and Collateral Management
Average tri-party collateral management balances (in billions)	$	5,451	$	5,457	$	5,207	$	5,026	$	4,972	—	%	10	%	$	5,285	$	4,260	24	%
(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) Dec. 31, 2022 information is preliminary.
(c) Consists of AUC/A from the Clearance and Collateral Management and Pershing lines of business.
(d) Net new assets represent net flows of assets (e.g., net cash deposits and net securities transfers, including dividends and interest) in customer accounts in Pershing LLC, a U.S. broker-dealer.
N/M – Not meaningful.


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

																4Q22 vs.										FY22 vs.
(dollars in millions)	4Q22			3Q22			2Q22			1Q22			4Q21			3Q22		4Q21		FY22			FY21			FY21
Revenue:
Investment management fees	$	754		$	788		$	825		$	848		$	864		(4)	%	(13)	%	$	3,215		$	3,483		(8)	%
Performance fees	26			10			5			34			32			N/M		(19)		75			107			(30)
Investment management and performance fees (a)	780			798			830			882			896			(2)		(13)		3,290			3,590			(8)
Distribution and servicing fees	54			55			51			32			28			(2)		93		192			112			71
Other fees (b)	(58)			(45)			(31)			1			22			N/M		N/M		(133)			80			N/M
Total fee revenue	776			808			850			915			946			(4)		(18)		3,349			3,782			(11)
Investment and other revenue (c)	(3)			(3)			(13)			(8)			23			N/M		N/M		(27)			67			N/M
Total fee and other revenue (c)	773			805			837			907			969			(4)		(20)		3,322			3,849			(14)
Net interest revenue	52			57			62			57			51			(9)		2		228			193			18
Total revenue	825			862			899			964			1,020			(4)		(19)		3,550			4,042			(12)
Provision for credit losses	1			3			—			(3)			(6)			N/M		N/M		1			(13)			N/M
Noninterest expense (ex. goodwill impairment and amortization of intangible assets)	693			669			685			748			741			4		(6)		2,795			2,796			—
Goodwill impairment	—			680			—			—			—			N/M		N/M		680			—			N/M
Amortization of intangible assets	6			7			6			7			7			(14)		(14)		26			29			(10)
Total noninterest expense	699			1,356			691			755			748			(48)		(7)		3,501			2,825			24
Income (loss) before income taxes	$	125		$	(497)		$	208		$	212		$	278		125	%	(55)	%	$	48		$	1,230		(96)	%


Total revenue by line of business:
Investment Management	$	550		$	579		$	603		$	658		$	709		(5)	%	(22)	%	$	2,390		$	2,834		(16)	%
Wealth Management	275			283			296			306			311			(3)		(12)		1,160			1,208			(4)
Total revenue by line of business	$	825		$	862		$	899		$	964		$	1,020		(4)	%	(19)	%	$	3,550		$	4,042		(12)	%

Financial ratios:
Pre-tax operating margin	15		%	(57)		%	23		%	22		%	27		%					1		%	30		%
Adjusted pre-tax operating margin – Non-GAAP (d)	17		%	(64)		%	26		%	24		%	29		%					2		%	33		%

Selected balance sheet data:
Average loans	$	14,404		$	14,482		$	14,087		$	13,228		$	12,737		(1)	%	13	%	$	14,055		$	12,120		16	%
Average assets (e)	$	28,488		$	29,996		$	33,668		$	35,629		$	31,306		(5)	%	(9)	%	$	31,920		$	30,980		3	%
Average deposits	$	16,416		$	17,225		$	20,802		$	22,501		$	18,374		(5)	%	(11)	%	$	19,214		$	18,068		6	%
(a) On a constant currency basis, investment management and performance fees decreased 9% (Non-GAAP) compared with 4Q21. See "Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure.
(b) Other fees primarily include investment services fees.
(c) Investment and other revenue and total fee and other revenue are net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds.
(d) Net of distribution and servicing expense. See "Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure.
(e) In business segments where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.
N/M – Not meaningful.


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

											4Q22 vs.								FY22 vs.
(dollars in billions)	4Q22		3Q22		2Q22		1Q22		4Q21		3Q22		4Q21		FY22		FY21		FY21
AUM by product type (a)(b):
Equity	$	135	$	125	$	139	$	168	$	187	8	%	(28)	%
Fixed income	198		205		226		248		267		(3)		(26)
Index	395		366		387		440		467		8		(15)
Liability-driven investments	570		546		641		812		890		4		(36)
Multi-asset and alternative investments	153		181		188		215		228		(15)		(33)
Cash	385		353		356		383		395		9		(3)
Total AUM	$	1,836	$	1,776	$	1,937	$	2,266	$	2,434	3	%	(25)	%

Changes in AUM (a)(b):
Beginning balance of AUM	$	1,776	$	1,937	$	2,266	$	2,434	$	2,310					$	2,434	$	2,211
Net inflows (outflows):
Long-term strategies:
Equity	(5)		(5)		(4)		(4)		(4)						(18)		(12)
Fixed income	(12)		(3)		(1)		(5)		—						(21)		17
Liability-driven investments	19		30		12		17		1						78		36
Multi-asset and alternative investments	(4)		2		(5)		(4)		1						(11)		(2)
Total long-term active strategies (outflows) inflows	(2)		24		2		4		(2)						28		39
Index	(4)		(1)		12		(5)		(2)						2		(7)
Total long-term strategies (outflows) inflows	(6)		23		14		(1)		(4)						30		32
Short-term strategies:
Cash	27		(2)		(26)		(11)		31						(12)		70
Total net inflows (outflows)	21		21		(12)		(12)		27						18		102
Net market impact	18		(118)		(241)		(130)		96						(471)		143
Net currency impact	53		(64)		(76)		(26)		1						(113)		(22)
Divestiture	(32)		—		—		—		—						(32)		—
Ending balance of AUM	$	1,836	$	1,776	$	1,937	$	2,266	$	2,434	3	%	(25)	%	$	1,836	$	2,434	(25)	%

Wealth Management client assets (a)(c)	$	269	$	256	$	264	$	305	$	321	5	%	(16)	%
(a) Dec. 31, 2022 information is preliminary.
(b) Excludes assets managed outside of the Investment and Wealth Management business segment.
(c) Includes AUM and AUC/A in the Wealth Management line of business.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES PORTFOLIO

(dollars in millions)	Sept. 30, 2022			4Q22 change in unrealized gain (loss)		Dec. 31, 2022					Fair value as a % of amortized cost (a)		Unrealized gain (loss)			% Floating rate (b)		Ratings (c)
						Amortized cost (a)		Fair value										AAA/ AA-		A+/ A-		BBB+/ BBB-		BB+ and lower		Not rated
	Fair value
U.S. Treasury	$	40,031		$	123	$	42,966	$	41,503		97	%	$	(1,463)		51	%	100	%	—	%	—	%	—	%	—	%
Agency RMBS	39,035			386		43,576		38,916			89		(4,660)			15		100		—		—		—		—
Agency commercial MBS	12,005			29		12,670		11,864			94		(806)			42		100		—		—		—		—
Sovereign debt/sovereign guaranteed	11,697			45		12,294		11,756			96		(538)			22		90		5		4		1		—
Supranational	8,135			20		8,572		8,298			97		(274)			64		100		—		—		—		—
CLOs	6,181			98		6,429		6,300			98		(129)			100		100		—		—		—		—
U.S. government agencies	5,807			23		6,671		6,115			92		(556)			36		100		—		—		—		—
Foreign covered bonds	5,293			(12)		6,041		5,776			96		(265)			57		100		—		—		—		—
Non-agency commercial MBS	2,976			14		3,334		3,054			92		(280)			54		100		—		—		—		—
Foreign government agencies	2,404			(17)		2,429		2,307			95		(122)			34		95		5		—		—		—
Non-agency RMBS	2,143			(4)		2,227		2,060			93		(167)			50		85		3		—		7		5
Other asset-backed securities	1,465			5		1,443		1,319			91		(124)			19		100		—		—		—		—
State and political subdivisions	1,914			284		25		23			93		(2)			51		1		52		1		—		46
Corporate bonds	1,270			139		—		—			—		—			—		—		—		—		—		—
Other	1			—		1		1			100		—			—		—		—		—		—		100
Total securities	$	140,357	(d)	$	1,133	$	148,678	$	139,292	(d)(e)	94	%	$	(9,386)	(d)(f)	40	%	99	%	1	%	—	%	—	%	—	%
(a) Amortized cost reflects historical impairments, and is net of allowance for credit losses.
(b) Includes the impact of hedges.
(c) Represents ratings by S&P, or the equivalent.
(d) Includes net unrealized gains on derivatives hedging securities available-for-sale (including terminated hedges) of $2,948 million at Sept. 30, 2022 and $2,678 million at Dec. 31, 2022.
(e) The fair value of available-for-sale securities totaled $89,300 million at Dec. 31, 2022, net of hedges, or 64% of the fair value of the securities portfolio, net of hedges. The fair value of the held-to-maturity securities totaled $49,992 million at Dec. 31, 2022, or 36% of the fair value of the securities portfolio, net of hedges.
(f) At Dec. 31, 2022, net unrealized losses of $3,184 million related to available-for-sale securities, net of hedges, and $6,202 million related to held-to-maturity securities.
Note: The amortizable purchase premium (net of discount) relating to securities was $1,109 million at Dec. 31, 2022 and the amortization of that net purchase premium was $61 million in 4Q22.


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

	2022												2021
(dollars in millions)	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
Allowance for credit losses – beginning of period:
Allowance for loan losses	$	164		$	181		$	171		$	196		$	233
Allowance for lending-related commitments	72			62			53			45			40
Allowance for other financial instruments (a)	44			67			39			19			18
Allowance for credit losses – beginning of period	$	280		$	310		$	263		$	260		$	291

Net (charge-offs) recoveries:
Charge-offs	(9)			(1)			(1)			—			(16)
Recoveries	1			1			1			1			2
Total net (charge-offs) recoveries	(8)			—			—			1			(14)
Provision for credit losses (b)	20			(30)			47			2			(17)
Allowance for credit losses – end of period	$	292		$	280		$	310		$	263		$	260

Allowance for credit losses – end of period:
Allowance for loan losses	$	176		$	164		$	181		$	171		$	196
Allowance for lending-related commitments	78			72			62			53			45
Allowance for other financial instruments (a)	38			44			67			39			19
Allowance for credit losses – end of period	$	292		$	280		$	310		$	263		$	260

Allowance for loan losses as a percentage of total loans	0.27		%	0.23		%	0.26		%	0.25		%	0.29		%

Nonperforming assets	$	109		$	107		$	114		$	119		$	120
(a) Includes allowance for credit losses on federal funds sold and securities purchased under resale agreements, available-for-sale securities, held-to-maturity securities, accounts receivable, cash and due from banks and interest-bearing deposits with banks.
(b) Includes all other instruments within the scope of ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments.


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

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

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

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

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

Notes:


Quarterly return on common and tangible common equity ratios are annualized.



Return on common equity and tangible common equity reconciliation
(dollars in millions)	4Q22			3Q22			2Q22			1Q22			4Q21			FY22			FY21
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	509		$	319		$	835		$	699		$	822		$	2,362		$	3,552
Add: Amortization of intangible assets	16			17			17			17			19			67			82
Less: Tax impact of amortization of intangible assets	4			4			4			4			5			16			20
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	521		$	332		$	848		$	712		$	836		$	2,413		$	3,614

Average common shareholders’ equity	$	35,259		$	35,942		$	36,199		$	37,363		$	37,941		$	36,175		$	39,695
Less: Average goodwill	16,229			17,189			17,347			17,490			17,481			17,060			17,492
Average intangible assets	2,905			2,922			2,949			2,979			2,988			2,939			2,979
Add: Deferred tax liability – tax deductible goodwill	1,181			1,175			1,187			1,184			1,178			1,181			1,178
Deferred tax liability – intangible assets	660			660			668			673			676			660			676
Average tangible common shareholders’ equity – Non-GAAP	$	17,966		$	17,666		$	17,758		$	18,751		$	19,326		$	18,017		$	21,078

Return on common equity – GAAP	5.7		%	3.5		%	9.3		%	7.6		%	8.6		%	6.5		%	8.9		%
Return on tangible common equity – Non-GAAP	11.5		%	7.5		%	19.2		%	15.4		%	17.2		%	13.4		%	17.1		%


THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Book value and tangible book value per common share reconciliation	2022												2021
(dollars in millions, except common shares and unless otherwise noted)	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
BNY Mellon shareholders’ equity at period end – GAAP	$	40,734		$	39,737		$	40,984		$	41,799		$	43,034
Less: Preferred stock	4,838			4,838			4,838			4,838			4,838
BNY Mellon common shareholders’ equity at period end – GAAP	35,896			34,899			36,146			36,961			38,196
Less: Goodwill	16,150			16,412			17,271			17,462			17,512
Intangible assets	2,901			2,902			2,934			2,968			2,991
Add: Deferred tax liability – tax deductible goodwill	1,181			1,175			1,187			1,184			1,178
Deferred tax liability – intangible assets	660			660			668			673			676
BNY Mellon tangible common shareholders’ equity at period end – Non-GAAP	$	18,686		$	17,420		$	17,796		$	18,388		$	19,547

Period-end common shares outstanding (in thousands)	808,445			808,280			808,103			807,798			804,145

Book value per common share – GAAP	$	44.40		$	43.18		$	44.73		$	45.76		$	47.50
Tangible book value per common share – Non-GAAP	$	23.11		$	21.55		$	22.02		$	22.76		$	24.31



Net interest margin reconciliation
(dollars in millions)	4Q22			3Q22			2Q22			1Q22			4Q21
Net interest revenue – GAAP	$	1,056		$	926		$	824		$	698		$	677
Add: Tax equivalent adjustment	2			3			3			3			4
Net interest revenue (FTE) – Non-GAAP	$	1,058		$	929		$	827		$	701		$	681

Average interest-earning assets	$	352,987		$	352,062		$	370,782		$	373,186		$	381,682

Net interest margin – GAAP (a)	1.19		%	1.05		%	0.89		%	0.75		%	0.71		%
Net interest margin (FTE) – Non-GAAP (a)	1.19		%	1.05		%	0.89		%	0.76		%	0.71		%
(a) Net interest margin is annualized.


THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Pre-tax operating margin reconciliation - Investment and Wealth Management business segment
(dollars in millions)	4Q22			3Q22			2Q22			1Q22			4Q21			FY22			FY21
Income (loss) before income taxes – GAAP	$	125		$	(497)		$	208		$	212		$	278		$	48		$	1,230

Total revenue – GAAP	$	825		$	862		$	899		$	964		$	1,020		$	3,550		$	4,042
Less: Distribution and servicing expense	87			88			91			79			75			345			300
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP	$	738		$	774		$	808		$	885		$	945		$	3,205		$	3,742

Pre-tax operating margin – GAAP (a)	15		%	(57)		%	23		%	22		%	27		%	1		%	30		%
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a)	17		%	(64)		%	26		%	24		%	29		%	2		%	33		%
(a) Income before income taxes divided by total revenue.



Constant currency reconciliations							4Q22 vs.
(dollars in millions)	4Q22			4Q21			4Q21
Consolidated:
Investment management and performance fees – GAAP	$	783		$	896		(13)		%
Impact of changes in foreign currency exchange rates	—			(41)
Adjusted investment management and performance fees – Non-GAAP	$	783		$	855		(8)		%


Investment and Wealth Management business segment:
Investment management and performance fees – GAAP	$	780		$	896		(13)		%
Impact of changes in foreign currency exchange rates	—			(41)
Adjusted investment management and performance fees – Non-GAAP	$	780		$	855		(9)		%


Table of Contents




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

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

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

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


The Bank of New York Mellon Corporation

Financial Supplement

Fourth Quarter 2022