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The Bank of New York Mellon Corporation
Financial Supplement
Second Quarter 2025



Table of Contents
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Consolidated ResultsPage
Consolidated Financial Highlights
Condensed Consolidated Income Statement
Condensed Consolidated Balance Sheet
Fee and Other Revenue
Average Balances and Interest Rates
Capital and Liquidity
Business Segment Results
Securities Services Business Segment
Market and Wealth Services Business Segment
Investment and Wealth Management Business Segment
AUM by Product Type, Changes in AUM and Wealth Management Client Assets
Other Segment
Other
Securities Portfolio
Allowance for Credit Losses and Nonperforming Assets
Supplemental Information
Explanation of GAAP and Non-GAAP Financial Measures



THE BANK OF NEW YORK MELLON CORPORATION

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CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)2Q25 vs.YTD25 vs.
2Q251Q254Q243Q242Q241Q252Q24YTD25YTD24YTD24
Selected income statement data
Fee and other revenue$3,825 $3,633 $3,653 $3,600 $3,567 5 %7 %$7,458 $7,054 6 %
Net interest income1,203 1,159 1,194 1,048 1,030 4 17 2,362 2,070 14 
Total revenue5,028 4,792 4,847 4,648 4,597 5 9 9,820 9,124 8 
Provision for credit losses(17)18 20 23 — N/MN/M1 27 N/M
Noninterest expense3,206 3,252 3,355 3,100 3,070 (1)4 6,458 6,246 3 
Income before income taxes1,839 1,522 1,472 1,525 1,527 21 20 3,361 2,851 18 
Provision for income taxes404 300 315 336 357 35 13 704 654 8 
Net income$1,435 $1,222 $1,157 $1,189 $1,170 17 %23 %$2,657 $2,197 21 %
Net income applicable to common shareholders of The Bank of New York Mellon Corporation$1,391 $1,149 $1,130 $1,110 $1,143 21 %22 %$2,540 $2,096 21 %
Diluted earnings per common share$1.93 $1.58 $1.54 $1.50 $1.52 22 %27 %$3.51 $2.77 27 %
Average common shares and equivalents outstanding – diluted (in thousands)
720,007 727,398 733,720 742,080 751,596 (1)%(4)%723,826 756,870 (4)%
Financial ratios (Quarterly returns are annualized)
Pre-tax operating margin37 %32 %30 %33 %33 %34 %31 %
Return on common equity14.7 %12.6 %12.2 %12.0 %12.7 %13.7 %11.7 %
Return on tangible common equity – Non-GAAP (a)
27.8 %24.2 %23.3 %22.8 %24.6 %26.0 %22.7 %
Non-U.S. revenue as a percentage of total revenue 36 %33 %35 %35 %36 %35 %35 %
Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)
$55.8 $53.1 $52.1 $52.1 $49.5 5 %13 %
Assets under management (“AUM”) (in trillions)
$2.11 $2.01 $2.03 $2.14 $2.05 5 %3 %
Full-time employees49,900 51,000 51,800 52,600 52,000 (2)%(4)%
Book value per common share$54.76 $52.82 $51.52 $51.78 $49.46 
Tangible book value per common share – Non-GAAP (a)
$29.57 $28.20 $27.05 $28.01 $26.19 
Cash dividends per common share$0.47 $0.47 $0.47 $0.47 $0.42 
Common dividend payout ratio25 %30 %31 %32 %28 %
Closing stock price per common share$91.11 $83.87 $76.83 $71.86 $59.89 
Market capitalization$64,254 $60,003 $55,139 $52,248 $44,196 
Common shares outstanding (in thousands)
705,241 715,434 717,680 727,078 737,957 
Capital ratios at period end (c)
Common Equity Tier 1 (“CET1”) ratio11.5 %11.5 %11.2 %11.9 %11.4 %
Tier 1 capital ratio14.6 %14.6 %13.7 %14.5 %14.0 %
Total capital ratio15.6 %15.7 %14.8 %15.6 %15.0 %
Tier 1 leverage ratio6.1 %6.2 %5.7 %6.0 %5.8 %
Supplementary leverage ratio (“SLR”)6.9 %6.9 %6.5 %7.0 %6.8 %
(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 Trust Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $2.0 trillion at June 30, 2025, $1.9 trillion at March 31, 2025, $1.8 trillion at Dec. 31, 2024, $1.9 trillion at Sept. 30, 2024 and $1.7 trillion at June 30, 2024.
(c) Regulatory capital ratios for June 30, 2025 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 June 30, 2025, March 31, 2025 and Dec. 31, 2024 was the Standardized Approach, for Sept. 30, 2024 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, and for June 30, 2024 was the Standardized Approach.
N/M – Not meaningful.
3


THE BANK OF NEW YORK MELLON CORPORATION
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CONDENSED CONSOLIDATED INCOME STATEMENT
(dollars in millions, except per share amounts; common shares in thousands)2Q25 vs.YTD25 vs.
2Q251Q254Q243Q242Q241Q252Q24YTD25YTD24YTD24
Revenue
Investment services fees$2,583 $2,411 $2,438 $2,344 $2,359 7 %9 %$4,994 $4,637 8 %
Investment management and performance fees758 739 808 794 761 3 — 1,497 1,537 (3)
Foreign exchange revenue213 156 177 175 184 37 16 369 336 10 
Financing-related fees51 60 53 53 53 (15)(4)111 110 1 
Distribution and servicing fees36 37 37 38 41 (3)(12)73 83 (12)
Total fee revenue3,641 3,403 3,513 3,404 3,398 7 7 7,044 6,703 5 
Investment and other revenue184 230 140 196 169 N/MN/M414 351 N/M
Total fee and other revenue3,825 3,633 3,653 3,600 3,567 5 7 7,458 7,054 6 
Net interest income1,203 1,159 1,194 1,048 1,030 4 17 2,362 2,070 14 
Total revenue5,028 4,792 4,847 4,648 4,597 5 9 9,820 9,124 8 
Provision for credit losses(17)18 20 23 — N/MN/M1 27 N/M
Noninterest expense
Staff1,768 1,834 1,817 1,736 1,720 (4)3 3,602 3,577 1 
Software and equipment527 513 520 491 476 3 11 1,040 951 9 
Professional, legal and other purchased services388 366 410 370 374 6 4 754 723 4 
Sub-custodian and clearing150 131 128 117 134 15 12 281 253 11 
Net occupancy 132 136 149 130 134 (3)(1)268 258 4 
Distribution and servicing63 65 87 90 88 (3)(28)128 184 (30)
Business development53 48 54 48 50 10 6 101 86 17 
Bank assessment charges22 38 16 10 (7)N/MN/M60 10 N/M
Amortization of intangible assets11 11 13 12 13 — (15)22 25 (12)
Other92 110 161 96 88 (16)5 202 179 13 
Total noninterest expense3,206 3,252 3,355 3,100 3,070 (1)4 6,458 6,246 3 
Income before income taxes 1,839 1,522 1,472 1,525 1,527 21 20 3,361 2,851 18 
Provision for income taxes 404 300 315 336 357 35 13 704 654 8 
Net income 1,435 1,222 1,157 1,189 1,170 17 23 2,657 2,197 21 
Net (income) attributable to noncontrolling interests(12)(2)(2)(7)(2)N/MN/M(14)(4)N/M
Preferred stock dividends(32)(71)(25)(72)(25)N/MN/M(103)(97)N/M
Net income applicable to common shareholders of The Bank of New York Mellon Corporation$1,391 $1,149 $1,130 $1,110 $1,143 21 %22 %$2,540 $2,096 21 %
Average common shares and equivalents outstanding: Basic714,799 720,951 726,568 736,547 746,904 (1)%(4)%718,039 751,961 (5)%
Diluted720,007 727,398 733,720 742,080 751,596 (1)%(4)%723,826 756,870 (4)%
Earnings per common share: Basic$1.95 $1.59 $1.56 $1.51 $1.53 23 %27 %$3.54 $2.79 27 %
Diluted$1.93 $1.58 $1.54 $1.50 $1.52 22 %27 %$3.51 $2.77 27 %
N/M – Not meaningful.
4


THE BANK OF NEW YORK MELLON CORPORATION
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CONDENSED CONSOLIDATED BALANCE SHEET
20252024
(dollars in millions)June 30March 31Dec. 31Sept. 30June 30
Assets
Cash and due from banks$5,699 $5,354 $4,178 $6,234 $5,311 
Interest-bearing deposits with the Federal Reserve and other central banks135,602 102,303 89,546 102,231 116,139 
Interest-bearing deposits with banks12,069 11,945 9,612 9,354 11,488 
Federal funds sold and securities purchased under resale agreements45,547 41,316 41,146 36,164 29,723 
Securities147,068 145,385 136,627 141,876 136,850 
Trading assets12,610 11,978 13,981 12,459 9,609 
Loans73,096 71,404 71,570 69,451 70,642 
Allowance for loan losses(275)(295)(294)(296)(286)
Net loans
72,821 71,109 71,276 69,155 70,356 
Premises and equipment3,289 3,257 3,266 3,380 3,267 
Accrued interest receivable1,348 1,302 1,293 1,319 1,253 
Goodwill16,823 16,661 16,598 16,338 16,217 
Intangible assets2,849 2,846 2,851 2,824 2,826 
Other assets30,056 27,235 25,690 26,127 25,500 
Total assets
$485,781 $440,691 $416,064 $427,461 $428,539 
Liabilities
Deposits$346,393 $308,644 $289,524 $296,438 $304,311 
Federal funds purchased and securities sold under repurchase agreements15,492 15,663 14,064 14,574 15,701 
Trading liabilities6,134 4,580 4,865 4,553 3,372 
Payables to customers and broker-dealers21,273 22,244 20,073 19,741 17,569 
Commercial paper2,361 1,662 301 301 301 
Other borrowed funds293 212 225 401 280 
Accrued taxes and other expenses4,634 4,438 5,270 5,138 4,729 
Other liabilities11,233 8,756 9,124 10,726 10,208 
Long-term debt33,429 30,869 30,854 33,199 30,947 
Total liabilities
441,242 397,068 374,300 385,071 387,418 
Temporary equity
Redeemable noncontrolling interests111 94 87 107 92 
Permanent equity
Preferred stock5,331 5,331 4,343 4,343 4,343 
Common stock14 14 14 14 14 
Additional paid-in capital29,659 29,535 29,321 29,230 29,139 
Retained earnings44,388 43,343 42,537 41,756 40,999 
Accumulated other comprehensive loss, net of tax(3,549)(4,115)(4,656)(3,867)(4,900)
Less: Treasury stock, at cost
(31,893)(30,989)(30,241)(29,484)(28,752)
Total The Bank of New York Mellon Corporation shareholders’ equity43,950 43,119 41,318 41,992 40,843 
Nonredeemable noncontrolling interests of consolidated investment management funds
478 410 359 291 186 
Total permanent equity
44,428 43,529 41,677 42,283 41,029 
Total liabilities, temporary equity and permanent equity
$485,781 $440,691 $416,064 $427,461 $428,539 
5


THE BANK OF NEW YORK MELLON CORPORATION
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FEE AND OTHER REVENUE
2Q25 vs.YTD25 vs.
(dollars in millions)2Q251Q254Q243Q242Q241Q252Q24YTD25YTD24YTD24
Investment services fees$2,583 $2,411 $2,438 $2,344 $2,359 7 %9 %$4,994 $4,637 8 %
Investment management and performance fees:
Investment management fees (a)
748 734 788 781 753 2 (1)1,482 1,519 (2)
Performance fees10 5 20 13 8 N/MN/M15 18 N/M
Total investment management and performance fees (b)
758 739 808 794 761 3 — 1,497 1,537 (3)
Foreign exchange revenue213 156 177 175 184 37 16 369 336 10 
Financing-related fees51 60 53 53 53 (15)(4)111 110 1 
Distribution and servicing fees36 37 37 38 41 (3)(12)73 83 (12)
Total fee revenue3,641 3,403 3,513 3,404 3,398 7 7 7,044 6,703 5 
Investment and other revenue:
Income (loss) from consolidated investment management funds35 6 (5)28 8 N/MN/M41 23 N/M
Seed capital gains (losses) (c)
8 (6)3 3 — N/MN/M2 14 N/M
Other trading revenue59 71 89 79 77 N/MN/M130 146 N/M
Renewable energy investment gains15 15 5 6 8 N/MN/M30 14 N/M
Corporate/bank-owned life insurance35 38 47 36 26 N/MN/M73 54 N/M
Other investments gains (d)
26 24 8 12 30 N/MN/M50 47 N/M
Disposal gains— 40 — — — N/MN/M40 — N/M
Expense reimbursements from joint venture34 31 29 32 30 N/MN/M65 57 N/M
Other income7 11 14 17 7 N/MN/M18 14 N/M
Net securities (losses)(35)— (50)(17)(17)N/MN/M(35)(18)N/M
Total investment and other revenue184 230 140 196 169 N/MN/M414 351 N/M
Total fee and other revenue$3,825 $3,633 $3,653 $3,600 $3,567 5 %7 %$7,458 $7,054 6 %
(a) Excludes seed capital gains (losses) related to consolidated investment management funds.
(b) On a constant currency basis, investment management and performance fees decreased 2% (Non-GAAP) compared with 2Q24. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.
(c) Includes gains (losses) on investments in BNY funds which hedge deferred incentive awards.
(d) Includes strategic equity, private equity and other investments.
N/M – Not meaningful.

6


THE BANK OF NEW YORK MELLON CORPORATION
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AVERAGE BALANCES AND INTEREST RATES
2Q251Q254Q243Q242Q24
Average balanceAverage rateAverage balanceAverage rateAverage balanceAverage rateAverage balanceAverage rateAverage balanceAverage rate
(dollars in millions; average rates are annualized)
Assets
Interest-earning assets:
Interest-bearing deposits with the Federal Reserve and other central banks$99,426 3.73 %$86,038 3.84 %$94,337 4.18 %$100,611 4.62 %$102,257 4.65 %
Interest-bearing deposits with banks11,199 3.10 10,083 3.39 10,479 3.54 10,559 4.15 11,210 3.91 
Federal funds sold and securities purchased under resale agreements39,522 32.23 (a)41,166 28.79 (a)37,939 31.22 (a)31,183 36.65 (a)29,013 36.48 (a)
Loans71,265 5.81 69,670 5.80 69,211 6.17 69,205 6.57 68,283 6.58 
Securities:
U.S. government obligations29,279 3.63 26,614 3.49 27,223 3.47 28,490 3.71 28,347 3.82 
U.S. government agency obligations62,874 3.36 63,514 3.27 63,166 3.31 62,572 3.26 62,549 3.29 
Other securities54,610 3.58 51,403 3.62 49,675 3.76 48,647 4.00 46,828 4.04 
Total investment securities146,763 3.49 141,531 3.44 140,064 3.50 139,709 3.61 137,724 3.66 
Trading securities (b)
7,367 4.84 6,199 5.29 5,738 6.13 5,667 5.33 5,146 5.89 
Total securities (b)
154,130 3.56 147,730 3.52 145,802 3.61 145,376 3.68 142,870 3.74 
Total interest-earning assets (b)
$375,542 7.03 %$354,687 6.97 %$357,768 7.18 %$356,934 7.40 %$353,633 7.24 %
Noninterest-earning assets63,066 61,157 62,576 59,463 58,866 
Total assets$438,608 $415,844 $420,344 $416,397 $412,499 
Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits$250,688 2.95 %$234,394 2.98 %$235,281 3.27 %$236,724 3.82 %$235,878 3.85 %
Federal funds purchased and securities sold under repurchase agreements17,485 65.95 (a)17,566 60.25 (a)17,599 60.52 (a)16,584 62.85 (a)17,711 55.26 (a)
Trading liabilities2,821 4.94 2,063 4.56 1,887 4.61 1,844 4.83 1,689 5.43 
Other borrowed funds432 5.06 288 5.93 484 2.32 418 3.15 351 8.61 
Commercial paper2,511 4.56 1,279 4.51 2,336 4.83 1,474 5.50 954 5.54 
Payables to customers and broker-dealers15,494 4.19 15,142 4.21 13,672 4.77 12,737 5.29 12,066 5.35 
Long-term debt31,805 5.64 31,216 5.57 31,506 5.58 33,154 5.93 31,506 5.92 
Total interest-bearing liabilities$321,236 6.74 %$301,948 6.66 %$302,765 6.92 %$302,935 7.36 %$300,155 7.18 %
Total noninterest-bearing deposits49,610 48,141 51,207 47,962 48,965 
Other noninterest-bearing liabilities24,073 23,808 24,790 24,122 22,839 
Total The Bank of New York Mellon Corporation shareholders’ equity43,223 41,542 41,266 41,115 40,387 
Noncontrolling interests466 405 316 263 153 
Total liabilities and equity$438,608 $415,844 $420,344 $416,397 $412,499 
Net interest margin1.27 %1.30 %1.32 %1.16 %1.15 %
Net interest margin (FTE) – Non-GAAP (c)
1.27 %1.30 %1.32 %1.16 %1.15 %
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $247 billion for 2Q25, $224 billion for 1Q25, $208 billion for 4Q24, $179 billion for 3Q24 and $163 billion for 2Q24. 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 4.45% for 2Q25, 4.46% for 1Q25, 4.82% for 4Q24, 5.43% for 3Q24 and 5.51% for 2Q24. 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 4.36% for 2Q25, 4.37% for 1Q25, 4.73% for 4Q24, 5.32% for 3Q24 and 5.41% for 2Q24. We believe providing the rates excluding the impact of netting is useful to investors as it is more reflective of the actual rates earned and paid.
(b) Average rates were calculated on an FTE basis, at tax rates of approximately 21%.
(c) See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.
7


THE BANK OF NEW YORK MELLON CORPORATION
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CAPITAL AND LIQUIDITY
20252024
(dollars in millions)June 30March 31Dec. 31Sept. 30June 30
Consolidated regulatory capital ratios (a)
Standardized Approach:
CET1 capital$20,149 $19,505 $18,759 $19,687 $18,671 
Tier 1 capital25,472 24,783 23,039 23,972 23,006 
Total capital27,244 26,581 24,818 25,865 24,538 
Risk-weighted assets175,058 169,262 167,786 165,652 164,094 
CET1 ratio11.5 %11.5 %11.2 %11.9 %11.4 %
Tier 1 capital ratio14.6 14.6 13.7 14.5 14.0 
Total capital ratio15.6 15.7 14.8 15.6 15.0 
Advanced Approaches:
CET1 capital$20,149 $19,505 $18,759 $19,687 $18,671 
Tier 1 capital25,472 24,783 23,039 23,972 23,006 
Total capital26,898 26,246 24,535 25,534 24,201 
Risk-weighted assets168,222 162,234 160,472 163,858 161,778 
CET1 ratio12.0 %12.0 %11.7 %12.0 %11.5 %
Tier 1 capital ratio15.1 15.3 14.4 14.6 14.2 
Total capital ratio16.0 16.2 15.3 15.6 15.0 
Tier 1 leverage ratio (a):
Average assets for Tier 1 leverage ratio$420,131 $397,513 $402,069 $398,381 $394,672 
Tier 1 leverage ratio6.1 %6.2 %5.7 %6.0 %5.8 %
SLR (a):
Leverage exposure$369,289 $359,666 $353,523 $342,942 $336,971 
SLR6.9 %6.9 %6.5 %7.0 %6.8 %
Average liquidity coverage ratio (a)
112 %116 %115 %116 %115 %
Average net stable funding ratio (a)
131 %132 %132 %132 %132 %
(a) Regulatory capital and liquidity ratios for June 30, 2025 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 June 30, 2025, March 31, 2025 and Dec. 31, 2024 was the Standardized Approach, for Sept. 30, 2024 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, and for June 30, 2024 was the Standardized Approach.
8


THE BANK OF NEW YORK MELLON CORPORATION
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SECURITIES SERVICES BUSINESS SEGMENT
2Q25 vs.YTD25 vs.
(dollars in millions)2Q251Q254Q243Q242Q241Q252Q24YTD25YTD24YTD24
Revenue:
Investment services fees:
Asset Servicing$1,094 $1,062 $1,042 $1,021 $1,018 3 %7 %$2,156 $2,031 6 %
Issuer Services376 267 295 285 322 41 17 643 583 10 
Total investment services fees1,470 1,329 1,337 1,306 1,340 11 10 2,799 2,614 7 
Foreign exchange revenue175 136 147 137 144 29 22 311 268 16 
Other fees (a)
60 65 62 57 56 (8)7 125 115 9 
Total fee revenue1,705 1,530 1,546 1,500 1,540 11 11 3,235 2,997 8 
Investment and other revenue94 140 97 105 104 N/MN/M234 203 N/M
Total fee and other revenue1,799 1,670 1,643 1,605 1,644 8 9 3,469 3,200 8 
Net interest income675 630 681 609 595 7 13 1,305 1,178 11 
Total revenue2,474 2,300 2,324 2,214 2,239 8 10 4,774 4,378 9 
Provision for credit losses(13)8 15 15 (3)N/MN/M(5)8 N/M
Noninterest expense (ex. amortization of intangible assets)1,613 1,578 1,659 1,550 1,547 2 4 3,191 3,077 4 
Amortization of intangible assets7 6 7 7 7 17 — 13 14 (7)
Total noninterest expense1,620 1,584 1,666 1,557 1,554 2 4 3,204 3,091 4 
Income before income taxes$867 $708 $643 $642 $688 22 %26 %$1,575 $1,279 23 %
Total revenue by line of business:
Asset Servicing$1,870 $1,786 $1,797 $1,720 $1,687 5 %11 %$3,656 $3,355 9 %
Issuer Services604 514 527 494 552 18 9 1,118 1,023 9 
Total revenue by line of business$2,474 $2,300 $2,324 $2,214 $2,239 8 %10 %$4,774 $4,378 9 %
Financial ratios:
Pre-tax operating margin35 %31 %28 %29 %31 %33 %29 %
Memo: Securities lending revenue (b)
$56 $52 $52 $47 $46 8 %22 %$108 $92 17 %
(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.
9


THE BANK OF NEW YORK MELLON CORPORATION
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SECURITIES SERVICES BUSINESS SEGMENT
2Q25 vs.YTD25 vs.
(dollars in millions, unless otherwise noted)2Q251Q254Q243Q242Q241Q252Q24YTD25YTD24YTD24
Selected balance sheet data:
Average loans$11,327 $11,347 $11,553 $11,077 $11,103 — %2 %$11,337 $11,154 2 %
Average assets (a)
$206,552 $194,901 $200,277 $199,057 $196,015 6 %5 %$200,759 $193,780 4 %
Average deposits$185,831 $175,854 $180,843 $180,500 $178,495 6 %4 %$180,870 $176,591 2 %
Selected metrics:
AUC/A at period end (in trillions) (b)(c)
$40.1 $38.1 $37.7 $37.5 $35.7 5 %12 %
Market value of securities on loan at period end (in billions) (d)
$516 $504 $488 $484 $481 2 %7 %
Issuer Services
Total debt serviced at period end (in trillions)
$14.3 $13.9 $14.1 $14.3 $14.1 3 %1 %
Number of sponsored Depositary Receipts programs at period end482 488 499 507 516 (1)%(7)%
(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) June 30, 2025 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 $2.0 trillion at June 30, 2025, $1.9 trillion at March 31, 2025, $1.8 trillion at Dec. 31, 2024, $1.9 trillion at Sept. 30, 2024 and $1.7 trillion at June 30, 2024.
(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 $68 billion at June 30, 2025, $62 billion at March 31, 2025, $60 billion at Dec. 31, 2024, $67 billion at Sept. 30, 2024 and $66 billion at June 30, 2024.
10


THE BANK OF NEW YORK MELLON CORPORATION
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MARKET AND WEALTH SERVICES BUSINESS SEGMENT
2Q25 vs.YTD25 vs.
(dollars in millions)2Q251Q254Q243Q242Q241Q252Q24YTD25YTD24YTD24
Revenue:
Investment services fees:
Pershing$513 $503 $516 $475 $474 2 %8 %$1,016 $956 6 %
Treasury Services209 209 206 200 202 — 3 418 386 8 
Clearance and Collateral Management385 362 364 354 338 6 14 747 667 12 
Total investment services fees1,107 1,074 1,086 1,029 1,014 3 9 2,181 2,009 9 
Foreign exchange revenue30 29 27 23 23 3 30 59 47 26 
Other fees (a)
63 65 61 58 58 (3)9 128 116 10 
Total fee revenue1,200 1,168 1,174 1,110 1,095 3 10 2,368 2,172 9 
Investment and other revenue36 21 19 20 23 N/MN/M57 40 N/M
Total fee and other revenue1,236 1,189 1,193 1,130 1,118 4 11 2,425 2,212 10 
Net interest income506 497 474 415 417 2 21 1,003 840 19 
Total revenue1,742 1,686 1,667 1,545 1,535 3 13 3,428 3,052 12 
Provision for credit losses(6)4 9 7 (2)N/MN/M(2)3 N/M
Noninterest expense (ex. amortization of intangible assets)897 865 851 833 832 4 8 1,762 1,665 6 
Amortization of intangible assets— 1 1 1 1 (100)(100)1 2 (50)
Total noninterest expense897 866 852 834 833 4 8 1,763 1,667 6 
Income before income taxes$851 $816 $806 $704 $704 4 %21 %$1,667 $1,382 21 %
Total revenue by line of business:
Pershing$739 $719 $705 $649 $663 3 %11 %$1,458 $1,333 9 %
Treasury Services490 477 471 424 426 3 15 967 842 15 
Clearance and Collateral Management513 490 491 472 446 5 15 1,003 877 14 
Total revenue by line of business$1,742 $1,686 $1,667 $1,545 $1,535 3 %13 %$3,428 $3,052 12 %
Financial ratios:
Pre-tax operating margin49 %48 %48 %46 %46 %49 %45 %
(a) Other fees primarily include financing-related fees.
N/M – Not meaningful.

11


THE BANK OF NEW YORK MELLON CORPORATION
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MARKET AND WEALTH SERVICES BUSINESS SEGMENT
2Q25 vs.YTD25 vs.
(dollars in millions, unless otherwise noted)2Q251Q254Q243Q242Q241Q252Q24YTD25YTD24YTD24
Selected balance sheet data:
Average loans$44,262 $42,986 $42,217 $42,730 $41,893 3 %6 %$43,627 $40,582 8 %
Average assets (a)
$135,119 $129,244 $126,919 $122,526 $124,790 5 %8 %$132,198 $124,171 6 %
Average deposits$96,566 $91,905 $90,980 $88,856 $91,371 5 %6 %$94,248 $90,455 4 %
Selected metrics:
AUC/A at period end (in trillions) (b)(c)
$15.4 $14.7 $14.1 $14.3 $13.4 5 %15 %
Pershing
AUC/A at period end (in trillions) (b)
$2.8 $2.7 $2.7 $2.7 $2.6 4 %8 %
Net new assets (U.S. platform) (in billions) (d)
$(10)$11 $41 $(22)$(23)N/MN/M
Daily average revenue trades (“DARTs”) (U.S. platform) (in thousands)
334 298 254 251 280 12 %19 %
Average active clearing accounts (in thousands)
8,405 8,406 8,260 8,085 8,057 — %4 %
Treasury Services
Average daily U.S. dollar payment volumes246,250 244,673 250,714 242,243 241,253 1 %2 %
Clearance and Collateral Management
Average collateral balances (in billions)
$7,061 $6,576 $6,463 $6,380 $6,085 7 %16 %
(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) June 30, 2025 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.
12


THE BANK OF NEW YORK MELLON CORPORATION
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INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT
2Q25 vs.YTD25 vs.
(dollars in millions)2Q251Q254Q243Q242Q241Q252Q24YTD25YTD24YTD24
Revenue:
Investment management fees (a)
$748 $735 $789 $782 $754 2 %(1)%$1,483 $1,522 (3)%
Performance fees10 5 20 13 8 N/MN/M15 18 N/M
Investment management and performance fees (b)
758 740 809 795 762 2 (1)1,498 1,540 (3)
Distribution and servicing fees69 68 68 68 69 1 — 137 139 (1)
Other fees (c)
(76)(75)(64)(68)(64)N/MN/M(151)(124)N/M
Total fee revenue751 733 813 795 767 2 (2)1,484 1,555 (5)
Investment and other revenue (d)
9 5 13 9 11 N/MN/M14 28 N/M
Total fee and other revenue (d)
760 738 826 804 778 3 (2)1,498 1,583 (5)
Net interest income41 41 47 45 43 — (5)82 84 (2)
Total revenue 801 779 873 849 821 3 (2)1,580 1,667 (5)
Provision for credit losses— 2 — 1 4 N/MN/M2 3 N/M
Noninterest expense (ex. amortization of intangible assets) (a)
649 710 695 668 663 (9)(2)1,359 1,399 (3)
Amortization of intangible assets4 4 5 4 5 — (20)8 9 (11)
Total noninterest expense653 714 700 672 668 (9)(2)1,367 1,408 (3)
Income before income taxes$148 $63 $173 $176 $149 135 %(1)%$211 $256 (18)%
Total revenue by line of business:
Investment Management (a)
$531 $505 $585 $569 $549 5 %(3)%$1,036 $1,125 (8)%
Wealth Management270 274 288 280 272 (1)(1)544 542 — 
Total revenue by line of business$801 $779 $873 $849 $821 3 %(2)%$1,580 $1,667 (5)%
Financial ratios:
Pre-tax operating margin19 %8 %20 %21 %18 %13 %15 %
Adjusted pre-tax operating margin – Non-GAAP (e)
20 %9 %22 %23 %20 %15 %17 %
Selected balance sheet data:
Average loans$13,991 $13,537 $13,718 $13,648 $13,520 3 %3 %$13,765 $13,536 2 %
Average assets (f)
$27,114 $26,402 $26,706 $26,525 $26,031 3 %4 %$26,760 $26,151 2 %
Average deposits$9,216 $9,917 $9,967 $10,032 $11,005 (7)%(16)%$9,565 $11,185 (14)%
(a) Effective 1Q25, an adjustment for certain rebates, which were previously recorded as distribution and servicing expense, began to be reflected as a reduction of investment management fees. These amounts totaled approximately $20 million for all quarterly periods presented and impacted the year-over-year variances for investment management fees and related revenue subtotals, noninterest expense and Investment Management total revenue in the table above.
(b) On a constant currency basis, investment management and performance fees decreased 2% (Non-GAAP) compared with 2Q24. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.
(c) Other fees primarily include investment services fees.
(d) 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.
(e) 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.
(f) In business segments where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.
N/M – Not meaningful.
13


THE BANK OF NEW YORK MELLON CORPORATION
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AUM BY PRODUCT TYPE, CHANGES IN AUM AND WEALTH MANAGEMENT CLIENT ASSETS
2Q25 vs.YTD25 vs.
(dollars in billions)2Q251Q254Q243Q242Q241Q252Q24YTD25YTD24YTD24
AUM by product type (a)(b):
Equity$168 $156 $162 $173 $167 8 %1 %
Fixed income248 234 221 235 221 6 12 
Index488 470 491 498 485 4 1 
Liability-driven investments588 549 548 637 598 7 (2)
Multi-asset and alternative investments173 167 171 175 173 4 — 
Cash441 432 436 426 401 2 10 
Total AUM$2,106 $2,008 $2,029 $2,144 $2,045 5 %3 %
Changes in AUM (a)(b):
Beginning balance of AUM$2,008 $2,029 $2,144 $2,045 $2,015 $2,029 $1,974 
Net inflows (outflows):
Long-term strategies:
Equity(3)(3)(5)(2)(4)(6)(8)
Fixed income5 2 (2)4 4 7 16 
Liability-driven investments— 1 (11)(4)4 1 17 
Multi-asset and alternative investments(4)(2)(2)(6)(2)(6)(7)
Total long-term active strategies (outflows) inflows(2)(2)(20)(8)2 (4)18 
Index(22)(11)(7)(16)(4)(33)(19)
Total long-term strategies (outflows) inflows(24)(13)(27)(24)(2)(37)(1)
Short-term strategies:
Cash7 (5)12 24 (7)2 9 
Total net (outflows) inflows(17)(18)(15)— (9)(35)8 
Net market impact70 (25)(45)58 40 45 56 
Net currency impact45 22 (55)41 (1)67 (11)
Other— — — — — — 18 (c)
Ending balance of AUM$2,106 $2,008 $2,029 $2,144 $2,045 5 %3 %$2,106 $2,045 3 %
Wealth Management client assets (a)(d)
$339 $327 $327 $333 $308 4 %10 %
(a) June 30, 2025 information is preliminary.
(b) Represents assets managed in the Investment and Wealth Management business segment.
(c) Reflects the realignment of similar products and services within our lines of business. Refer to Form 8-K dated March 26, 2024 for further information.
(d) Includes AUM and AUC/A in the Wealth Management line of business.
14


THE BANK OF NEW YORK MELLON CORPORATION
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OTHER SEGMENT
(dollars in millions)2Q251Q254Q243Q242Q24YTD25YTD24
Revenue:
Fee revenue$(15)$(28)$(20)$(1)$(4)$(43)$(21)
Investment and other revenue33 62 9 55 29 95 76 
Total fee and other revenue18 34 (11)54 25 52 55 
Net interest (expense)(19)(9)(8)(21)(25)(28)(32)
Total revenue(1)25 (19)33 — 24 23 
Provision for credit losses2 4 (4)— 1 6 13 
Noninterest expense36 88 137 37 15 124 80 
(Loss) before income taxes$(39)$(67)$(152)$(4)$(16)$(106)$(70)
Selected balance sheet data:
Average loans and leases$1,685 $1,800 $1,723 $1,750 $1,767 $1,743 $1,791 
Average assets $69,823 $65,297 $66,442 $68,289 $65,663 $67,572 $64,140 
15


THE BANK OF NEW YORK MELLON CORPORATION
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SECURITIES PORTFOLIO
(dollars in millions)March 31, 20252Q25
change in
unrealized
gain (loss)		June 30, 2025
Fair value
as a % of amortized
cost (a)
Unrealized
gain (loss)
% Floating
rate (b)
Ratings (c)
Amortized
cost (a)
Fair valueAAA/
AA-		A+/
A-		BBB+/
BBB-		BB+ and
lower		Not
rated
 Fair value
Agency RMBS$44,912 $204 $47,440 $44,277 93 %$(3,163)20 %100 %— %— %— %— %
Non-U.S. government (d)
33,025 191 34,090 34,047 100 (43)24 94 4 2 — — 
U.S. Treasury27,898 62 30,068 29,732 99 (336)41 100 — — — — 
Agency commercial MBS10,197 51 10,272 9,935 97 (337)44 100 — — — — 
Foreign covered bonds
7,856 27 8,460 8,443 100 (17)36 100 — — — — 
CLOs7,844 10 8,062 8,061 100 (1)100 100 — — — — 
U.S. government agencies
5,391 32 5,139 4,906 95 (233)24 100 — — — — 
Non-agency commercial MBS
2,458 19 2,486 2,369 95 (117)48 100 — — — — 
Non-agency RMBS1,445 3 1,567 1,427 91 (140)39 100 — — — — 
Other asset-backed securities
499 5 454 426 94 (28)20 100 — — — — 
Other debt securities10 — 11 10 91 (1)— — — — — 100 
Total securities$141,535 $604 $148,049 $143,633 (e)97 %$(4,416)(f)33 %99 %1 %— %— %— %
(a) Amortized cost includes the impact of hedged item basis adjustments, which was a net decrease of $901 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 $98,671 million at June 30, 2025, or 69% of the securities portfolio. The fair value of the held-to-maturity securities totaled $44,962 million at June 30, 2025, or 31% of the securities portfolio.
(f) At June 30, 2025, includes pre-tax net unrealized losses of $981 million related to available-for-sale securities, net of hedges, and $3,435 million related to held-to-maturity securities. The after-tax unrealized losses, net of hedges, related to available-for-sale securities was $746 million and the after-tax equivalent related to held-to-maturity securities was $2,621 million.
Note: At June 30, 2025, the accretable discount relating to securities was $1,289 million. Including the discontinued hedges, net accretion was $105 million in 2Q25.
16


THE BANK OF NEW YORK MELLON CORPORATION
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ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS
20252024
(dollars in millions)June 30March 31Dec. 31Sept. 30June 30
Allowance for credit losses – beginning of period:
Allowance for loan losses$295 $294 $296 $286 $322 
Allowance for lending-related commitments75 72 75 73 81 
Allowance for other financial instruments (a)
31 26 30 37 37 
Allowance for credit losses – beginning of period$401 $392 $401 $396 $440 
Net (charge-offs) recoveries:
Charge-offs(10)(10)(30)(18)(44)
Recoveries5 1 1 — — 
Total net (charge-offs) (5)(9)(29)(18)(44)
Provision for credit losses (b)
(17)18 20 23 — 
Allowance for credit losses – end of period$379 $401 $392 $401 $396 
Allowance for credit losses – end of period:
Allowance for loan losses$275 $295 $294 $296 $286 
Allowance for lending-related commitments70 75 72 75 73 
Allowance for other financial instruments (a)
34 31 26 30 37 
Allowance for credit losses – end of period$379 $401 $392 $401 $396 
Allowance for loan losses as a percentage of total loans0.38 %0.41 %0.41 %0.43 %0.40 %
Nonperforming assets$161 $213 $179 $211 $227 
(a) Includes allowance for credit losses on federal funds sold and securities purchased under resale agreements, available-for-sale securities, held-to-maturity securities, accounts receivable, cash and due from banks and interest-bearing deposits with banks.
(b) Includes all instruments within the scope of ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments.
17


THE BANK OF NEW YORK MELLON CORPORATION
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EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
BNY has included in this Financial Supplement certain Non-GAAP financial measures on a tangible basis as a supplement to GAAP information, which exclude goodwill and intangible assets, net of deferred tax liabilities. We believe that the return on tangible common equity – Non-GAAP is additional useful information for investors because it presents a measure of those assets that can generate income, and the tangible book value per common share – Non-GAAP is additional useful information because it presents the level of tangible assets in relation to shares of common stock outstanding.
Net interest income, on a fully taxable equivalent (“FTE”) basis – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income which allows for the comparison of amounts arising from both taxable and tax-exempt sources and is consistent with industry practice. The adjustment to an FTE basis has no impact on net income.
BNY 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 returns on common and tangible common equity ratios are annualized.
Return on common equity and tangible common equity reconciliation
(dollars in millions)2Q251Q254Q243Q242Q24YTD25YTD24
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP$1,391 $1,149 $1,130 $1,110 $1,143 $2,540 $2,096 
Add: Amortization of intangible assets11 11 13 12 13 22 25 
Less: Tax impact of amortization of intangible assets2 3 3 3 3 5 6 
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP$1,400 $1,157 $1,140 $1,119 $1,153 $2,557 $2,115 
Average common shareholders’ equity$37,892 $36,980 $36,923 $36,772 $36,044 $37,438 $35,975 
Less: Average goodwill16,748 16,615 16,515 16,281 16,229 16,682 16,234 
 Average intangible assets2,850 2,849 2,846 2,827 2,834 2,849 2,841 
Add: Deferred tax liability – tax deductible goodwill1,236 1,226 1,221 1,220 1,213 1,236 1,213 
 Deferred tax liability – intangible assets668 666 665 656 655 668 655 
Average tangible common shareholders’ equity – Non-GAAP$20,198 $19,408 $19,448 $19,540 $18,849 $19,811 $18,768 
Return on common equity – GAAP 14.7 %12.6 %12.2 %12.0 %12.7 %13.7 %11.7 %
Return on tangible common equity – Non-GAAP27.8 %24.2 %23.3 %22.8 %24.6 %26.0 %22.7 %
18


THE BANK OF NEW YORK MELLON CORPORATION
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EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Book value and tangible book value per common share reconciliation20252024
(dollars in millions, except common shares and unless otherwise noted)June 30March 31Dec. 31Sept. 30June 30
The Bank of New York Mellon Corporation shareholders’ equity at period end – GAAP$43,950 $43,119 $41,318 $41,992 $40,843 
Less: Preferred stock5,331 5,331 4,343 4,343 4,343 
The Bank of New York Mellon Corporation common shareholders’ equity at period end – GAAP38,619 37,788 36,975 37,649 36,500 
Less: Goodwill16,823 16,661 16,598 16,338 16,217 
Intangible assets2,849 2,846 2,851 2,824 2,826 
Add: Deferred tax liability – tax deductible goodwill1,236 1,226 1,221 1,220 1,213 
Deferred tax liability – intangible assets668 666 665 656 655 
The Bank of New York Mellon Corporation tangible common shareholders’ equity at period end – Non-GAAP$20,851 $20,173 $19,412 $20,363 $19,325 
Period-end common shares outstanding (in thousands)
705,241 715,434 717,680 727,078 737,957 
Book value per common share – GAAP$54.76 $52.82 $51.52 $51.78 $49.46 
Tangible book value per common share – Non-GAAP$29.57 $28.20 $27.05 $28.01 $26.19 
Net interest margin reconciliation
(dollars in millions)2Q251Q254Q243Q242Q24
Net interest income – GAAP$1,203 $1,159 $1,194 $1,048 $1,030 
Add: Tax equivalent adjustment1 — 1 — 1 
Net interest income (FTE) – Non-GAAP$1,204 $1,159 $1,195 $1,048 $1,031 
Average interest-earning assets$375,542 $354,687 $357,768 $356,934 $353,633 
Net interest margin – GAAP (a)
1.27 %1.30 %1.32 %1.16 %1.15 %
Net interest margin (FTE) – Non-GAAP (a)
1.27 %1.30 %1.32 %1.16 %1.15 %
(a) Net interest margin is annualized.
19


THE BANK OF NEW YORK MELLON CORPORATION
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EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Pre-tax operating margin reconciliation - Investment and Wealth Management business segment
(dollars in millions)2Q251Q254Q243Q242Q24YTD25YTD24
Income before income taxes – GAAP$148 $63 $173 $176 $149 $211 $256 
Total revenue – GAAP$801 $779 $873 $849 $821 $1,580 $1,667 
Less: Distribution and servicing expense64 65 88 91 88 129 184 
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP$737 $714 $785 $758 $733 $1,451 $1,483 
Pre-tax operating margin – GAAP (a)
19 %8 %20 %21 %18 %13 %15 %
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a)
20 %9 %22 %23 %20 %15 %17 %
(a) Income before income taxes divided by total revenue.
Constant currency reconciliations2Q25 vs.
(dollars in millions)2Q252Q242Q24
Consolidated:
Investment management and performance fees – GAAP$758 $761 — %
Impact of changes in foreign currency exchange rates— 11 
Adjusted investment management and performance fees – Non-GAAP$758 $772 (2)%
Investment and Wealth Management business segment:
Investment management and performance fees – GAAP$758 $762 (1)%
Impact of changes in foreign currency exchange rates— 11 
Adjusted investment management and performance fees – Non-GAAP$758 $773 (2)%
20