BNY Reports Third Quarter 2025 Earnings Per Common Share of $1.88 (Form 8-K)

BNY Reports Third Quarter 2025

Earnings Per Common Share of $1.88

NEW YORK, October 16, 2025 - The Bank of New York Mellon Corporation ("BNY") (NYSE: BK) today has reported financial results for the third quarter of 2025.

CEO COMMENTARY
			BNY delivered another quarter of strong results. Record revenue of $5.1 billion was up 9% year-over-year on the back of broad-based growth across the platforms that make up our Securities Services and Market and Wealth Services segments, and we continued to drive significant positive operating leverage. Taken together, we reported a pre-tax margin of 36%, generated an ROTCE of 26%, and earnings per share of $1.88 were up 25% year-over-year.
Our two core transformation programs are showing results. The new commercial model is enabling greater sales momentum and multi-product solutioning, and as we continue to transition additional parts of the company into our platforms operating model, we see the benefits of this new way of working starting to materialize. In addition, we are embracing the power of AI, which, we believe, is for everyone, everywhere and for everything. Last month we launched for all our people the next version of BNY's AI platform, Eliza - smarter, faster and easier to use.
It is our people and culture that propel us forward on our mission to unlock BNY's full potential for our clients and shareholders. The clear signs of progress across the company give us confidence that the strategy is working.
- Robin Vince, Chief Executive Officer

EPS

Pre-tax margin

ROE

ROTCE

$1.88

36%

13.7%

25.6% (a)

(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 3Q25 vs. 3Q24, unless otherwise noted.
Media: Anneliese Diedrichs + 1 646 468 6026			Investors: Marius Merz +1 212 298 1480

BNY 3Q25 Financial Results

CONSOLIDATED FINANCIAL HIGHLIGHTS

(dollars in millions, except per share amounts and unless otherwise noted; not meaningful - N/M)												3Q25 vs.
			3Q25			2Q25			3Q24			2Q25			3Q24
Fee revenue			$	3,637		$	3,641		$	3,404		-		%	7		%
Investment and other revenue			208			184			196			N/M			N/M
Total fee and other revenue			3,845			3,825			3,600			1			7
Net interest income			1,236			1,203			1,048			3			18
Total revenue			5,081			5,028			4,648			1			9
Provision for credit losses			(7)			(17)			23			N/M			N/M
Noninterest expense			3,236			3,206			3,100			1			4
Income before taxes			1,852			1,839			1,525			1			21
Provision for income taxes			395			404			336			(2)			18
Net income			$	1,457		$	1,435		$	1,189		2		%	23		%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation			$	1,339		$	1,391		$	1,110		(4)		%	21		%
Operating leverage (a)												11		bps	493		bps
Diluted earnings per common share			$	1.88		$	1.93		$	1.50		(3)		%	25		%
Average common shares and equivalents outstanding - diluted (in thousands)			712,854			720,007			742,080
Pre-tax operating margin			36		%	37		%	33		%
Metrics:
Average loans			$	72,692		$	71,265		$	69,205		2		%	5		%
Average deposits			299,326			300,298			284,686			-			5
AUC/A at period end (in trillions) (current period is preliminary)			57.8			55.8			52.1			4			11
AUM at period end (in trillions) (current period is preliminary)			2.1			2.1			2.1			2			-
Non-GAAP measures, excluding notable items: (b)
Adjusted total revenue			$	5,069		$	5,028		$	4,648		1		%	9		%
Adjusted noninterest expense			3,197			3,194			3,075			-			4
Adjusted operating leverage (a)												73		bps	509		bps
Adjusted diluted earnings per common share			$	1.91		$	1.94		$	1.52		(2)		%	26		%
Adjusted pre-tax operating margin			37		%	37		%	33		%

(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 3Q25 vs. 3Q24, unless otherwise noted)

•Total revenue increased 9%, primarily reflecting:

•Fee revenue increased 7%, primarily reflecting net new business, higher client activity and market values, and the favorable impact of a weaker U.S. dollar, partially offset by the mix of AUM flows.

•Investment and other revenue increased primarily reflecting a disposal gain and other investment gains, partially offset by higher net securities losses.

•Net interest income increased 18%, primarily reflecting the continued reinvestment of maturing investment securities at higher yields and balance sheet growth, partially offset by changes in deposit mix.

•Provision for credit losses was a benefit of $7 million, primarily driven by changes in the macroeconomic forecast, partially offset by higher reserves related to commercial real estate exposure.

•Noninterest expense increased 4%, primarily reflecting higher investments, employee merit increases, higher revenue-related expenses and the unfavorable impact of the weaker U.S. dollar, partially offset by efficiency savings.

•Effective tax rate of 21.3%.

Assets under custody and/or administration ("AUC/A") and Assets under management ("AUM")

•AUC/A increased 11%, primarily reflecting client inflows and higher market values.

•AUM was flat primarily reflecting higher market values, partially offset by cumulative net outflows.

Capital and liquidity

•$381 million of dividends to common shareholders (a); $849 million of common share repurchases.

•Return on common equity ("ROE") - 13.7%; Return on tangible common equity ("ROTCE") - 25.6% (b).

•Common Equity Tier 1 ("CET1") ratio - 11.7%; Tier 1 leverage ratio - 6.1%.

•Average liquidity coverage ratio ("LCR") - 112%; Average net stable funding ratio ("NSFR") - 130%.

•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 3Q25 Financial Results

SECURITIES SERVICES BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M)												3Q25 vs.
			3Q25			2Q25			3Q24			2Q25			3Q24
Investment services fees:
Asset Servicing			$	1,141		$	1,094		$	1,021		4		%	12		%
Issuer Services			313			376			285			(17)			10
Total investment services fees			1,454			1,470			1,306			(1)			11
Foreign exchange revenue			143			175			137			(18)			4
Other fees (a)			73			60			57			22			28
Total fee revenue			1,670			1,705			1,500			(2)			11
Investment and other revenue			119			94			105			N/M			N/M
Total fee and other revenue			1,789			1,799			1,605			(1)			11
Net interest income			670			675			609			(1)			10
Total revenue			2,459			2,474			2,214			(1)			11
Provision for credit losses			(3)			(13)			15			N/M			N/M
Noninterest expense			1,656			1,620			1,557			2			6
Income before taxes			$	806		$	867		$	642		(7)		%	26		%
Total revenue by line of business:
Asset Servicing			$	1,915		$	1,870		$	1,720		2		%	11		%
Issuer Services			544			604			494			(10)			10
Total revenue by line of business			$	2,459		$	2,474		$	2,214		(1)		%	11		%
Pre-tax operating margin			33		%	35		%	29		%
Securities lending revenue (b)			$	62		$	56		$	47		11		%	32		%
Metrics:
Average loans			$	10,706		$	11,327		$	11,077		(5)		%	(3)		%
Average deposits			$	183,081		$	185,831		$	180,500		(1)		%	1		%
AUC/A at period end (in trillions) (current period is preliminary) (c)			$	41.7		$	40.1		$	37.5		4		%	11		%
Market value of securities on loan at period end (in billions) (d)			$	554		$	516		$	484		7		%	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 $2.1 trillion at Sept. 30, 2025, $2.0 trillion at June 30, 2025 and $1.9 trillion at Sept. 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 $81 billion at Sept. 30, 2025, $68 billion at June 30, 2025 and $67 billion at Sept. 30, 2024.

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 client activity, net interest income, market values and a disposal gain. The sequential increase primarily reflects higher client activity, market values and a disposal gain, partially offset by lower foreign exchange revenue.

•Issuer Services - The year-over-year increase primarily reflects higher Depositary Receipts revenue and net interest income in Corporate Trust. The sequential decrease primarily reflects lower Depositary Receipts revenue.

•Noninterest expense increased year-over-year primarily reflecting higher investments, severance expense and revenue-related expenses, and employee merit increases, partially offset by efficiency savings. The sequential increase primarily reflects higher severance expense, investments and litigation reserves, partially offset by lower revenue-related expenses.

3

BNY 3Q25 Financial Results

MARKET AND WEALTH SERVICES BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M)												3Q25 vs.
			3Q25			2Q25			3Q24			2Q25			3Q24
Investment services fees:
Pershing			$	508		$	513		$	475		(1)		%	7		%
Treasury Services			214			209			200			2			7
Clearance and Collateral Management			398			385			354			3			12
Total investment services fees			1,120			1,107			1,029			1			9
Foreign exchange revenue			31			30			23			3			35
Other fees (a)			70			63			58			11			21
Total fee revenue			1,221			1,200			1,110			2			10
Investment and other revenue			22			36			20			N/M			N/M
Total fee and other revenue			1,243			1,236			1,130			1			10
Net interest income			524			506			415			4			26
Total revenue			1,767			1,742			1,545			1			14
Provision for credit losses			(3)			(6)			7			N/M			N/M
Noninterest expense			895			897			834			-			7
Income before taxes			$	875		$	851		$	704		3		%	24		%
Total revenue by line of business:
Pershing			$	729		$	739		$	649		(1)		%	12		%
Treasury Services			510			490			424			4			20
Clearance and Collateral Management			528			513			472			3			12
Total revenue by line of business			$	1,767		$	1,742		$	1,545		1		%	14		%
Pre-tax operating margin			50		%	49		%	46		%
Metrics:
Average loans			$	46,278		$	44,262		$	42,730		5		%	8		%
Average deposits			$	97,497		$	96,566		$	88,856		1		%	10		%
AUC/A at period end (in trillions) (current period is preliminary) (b)			$	15.8		$	15.4		$	14.3		3		%	10		%

(a) Other fees primarily include financing-related fees.

(b) Consists of AUC/A from the Clearance and Collateral Management and Pershing lines of business.

KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below.

•Pershing - The year-over-year increase primarily reflects higher net interest income, market values and client activity. The sequential decrease primarily reflects lower client activity.

•Treasury Services - The year-over-year and sequential increases primarily reflect higher net interest income and net new business.

•Clearance and Collateral Management - The year-over-year increase primarily reflects higher collateral management balances, clearance volumes and net interest income. The sequential increase primarily reflects higher collateral management balances.

•Noninterest expense increased year-over-year primarily reflecting higher investments, employee merit increases and higher revenue-related expenses, partially offset by efficiency savings.

4

BNY 3Q25 Financial Results

INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M)															3Q25 vs.
			3Q25			2Q25			3Q24			(a)			2Q25			3Q24			(a)
Investment management fees (a)			$	776		$	748		$	782					4		%	(1)		%
Performance fees			6			10			13						N/M			N/M
Investment management and performance fees			782			758			795						3			(2)
Distribution and servicing fees			69			69			68						-			1
Other fees (b)			(78)			(76)			(68)						N/M			N/M
Total fee revenue			773			751			795						3			(3)
Investment and other revenue (c)			10			9			9						N/M			N/M
Total fee and other revenue (c)			783			760			804						3			(3)
Net interest income			41			41			45						-			(9)
Total revenue			824			801			849						3			(3)
Provision for credit losses			-			-			1						N/M			N/M
Noninterest expense (a)			640			653			672						(2)			(5)
Income before taxes			$	184		$	148		$	176					24		%	5		%
Total revenue by line of business:
Investment Management (a)			$	546		$	531		$	569					3		%	(4)		%
Wealth Management			278			270			280						3			(1)
Total revenue by line of business			$	824		$	801		$	849					3		%	(3)		%
Pre-tax operating margin			22		%	19		%	21		%
Adjusted pre-tax operating margin - Non-GAAP (d)			24		%	20		%	23		%
Metrics:
Average loans			$	14,143		$	13,991		$	13,648					1		%	4		%
Average deposits			$	9,201		$	9,216		$	10,032					-		%	(8)		%
AUM (in billions) (current period is preliminary) (e)			$	2,142		$	2,106		$	2,144					2		%	-		%
Wealth Management client assets (in billions) (current period is preliminary) (f)			$	348		$	339		$	333					3		%	5		%

(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 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) 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 9 for information on this Non-GAAP measure.

(e) Represents assets managed in the Investment and Wealth Management business segment.

(f) 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 decrease primarily reflects the mix of AUM flows and the adjustment for certain rebates (offset in noninterest expense) (a), partially offset by higher market values and the favorable impact of the weaker U.S. dollar. The sequential increase primarily reflects higher market values.

•Wealth Management - The sequential increase primarily reflects higher market values.

•Noninterest expense decreased year-over-year primarily reflecting lower revenue-related expenses (including the adjustment for certain rebates (a)) and efficiency savings, partially offset by employee merit increases, higher investments and the unfavorable impact of the weaker U.S. dollar. The sequential decrease primarily reflects lower severance expense.

5

BNY 3Q25 Financial Results

OTHER SEGMENT

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

(dollars in millions)			3Q25			2Q25			3Q24
Fee revenue			$	(27)		$	(15)		$	(1)
Investment and other revenue			45			33			55
Total fee and other revenue			18			18			54
Net interest income (expense)			1			(19)			(21)
Total revenue			19			(1)			33
Provision for credit losses			(1)			2			-
Noninterest expense			45			36			37
(Loss) before taxes			$	(25)		$	(39)		$	(4)

KEY DRIVERS

•Total revenue includes corporate treasury and other investment activity, including hedging activity which has an offsetting impact between fee and other revenue and net interest expense. The year-over-year decrease was primarily driven by higher net securities losses. The sequential increase primarily reflects gains realized on the sale of real estate.

•Noninterest expense increased year-over-year primarily driven by higher staff expense. The sequential increase primarily reflects higher litigation reserves.

6

BNY 3Q25 Financial Results

CAPITAL AND LIQUIDITY

Capital and liquidity ratios			Sept. 30, 2025			June 30, 2025			Dec. 31, 2024
Consolidated regulatory capital ratios: (a)
CET1 ratio			11.7		%	11.5		%	11.2		%
Tier 1 capital ratio			14.4			14.5			13.7
Total capital ratio			15.3			15.5			14.8
Tier 1 leverage ratio (a)			6.1			6.1			5.7
Supplementary leverage ratio (a)			6.7			6.9			6.5
BNY shareholders' equity to total assets ratio			9.6		%	9.0		%	9.9		%
BNY common shareholders' equity to total assets ratio			8.6		%	7.9		%	8.9		%
Average LCR (a)			112		%	112		%	115		%
Average NSFR (a)			130		%	131		%	132		%
Book value per common share			$	55.99		$	54.76		$	51.52
Tangible book value per common share - Non-GAAP (b)			$	30.60		$	29.57		$	27.05
Common shares outstanding (in thousands)			697,349			705,241			717,680

(a) Regulatory capital and liquidity ratios for Sept. 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 Sept. 30, 2025, June 30, 2025 and for Dec. 31, 2024 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 totaled $20.6 billion and Tier 1 capital totaled $25.5 billion at Sept. 30, 2025. CET1 capital increased compared with June 30, 2025, primarily reflecting capital generated through earnings and a net increase in accumulated other comprehensive income, partially offset by capital returned through common stock repurchases and dividends. Tier 1 capital was flat as the CET1 capital increase was offset by a net reduction in preferred stock. The CET1 ratio increased compared with June 30, 2025 reflecting the increase in capital, partially offset by higher risk-weighted assets. The Tier 1 leverage ratio increased slightly compared with June 30, 2025 reflecting lower average assets.

NET INTEREST INCOME

Net interest income												3Q25 vs.
(dollars in millions; not meaningful - N/M)			3Q25			2Q25			3Q24			2Q25			3Q24
Net interest income			$	1,236		$	1,203		$	1,048		3%			18%
Add: Tax equivalent adjustment			-			1			-			N/M			N/M
Net interest income, on a fully taxable equivalent ("FTE") basis - Non-GAAP (a)			$	1,236		$	1,204		$	1,048		3%			18%
Average interest-earning assets			$	374,493		$	375,542		$	356,934		-%			5%
Net interest margin			1.31		%	1.27		%	1.16		%	4		bps	15		bps
Net interest margin (FTE) - Non-GAAP (a)			1.31		%	1.27		%	1.16		%	4		bps	15		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 continued reinvestment of maturing investment securities at higher yields and balance sheet growth, partially offset by changes in deposit mix.

•Net interest income increased sequentially primarily reflecting the continued reinvestment of maturing investment securities at higher yields, partially offset by changes in deposit mix.

7

BNY 3Q25 Financial Results

THE BANK OF NEW YORK MELLON CORPORATION

Condensed Consolidated Income Statement

(dollars in millions)			Quarter ended												Year-to-date
			Sept. 30, 2025			June 30, 2025			Sept. 30, 2024						Sept. 30, 2025			Sept. 30, 2024
																					Fee and other revenue
Investment services fees			$	2,585		$	2,583		$	2,344					$	7,579		$	6,981
Investment management and performance fees			782			758			794						2,279			2,331
Foreign exchange revenue			166			213			175						535			511
Financing-related fees			67			51			53						178			163
Distribution and servicing fees			37			36			38						110			121
Total fee revenue			3,637			3,641			3,404						10,681			10,107
Investment and other revenue			208			184			196						622			547
Total fee and other revenue			3,845			3,825			3,600						11,303			10,654
Net interest income
Interest income			6,594			6,602			6,652						19,319			19,140
Interest expense			5,358			5,399			5,604						15,721			16,022
Net interest income			1,236			1,203			1,048						3,598			3,118
Total revenue			5,081			5,028			4,648						14,901			13,772
Provision for credit losses			(7)			(17)			23						(6)			50
Noninterest expense
Staff			1,745			1,768			1,736						5,347			5,313
Software and equipment			542			527			491						1,582			1,442
Professional, legal and other purchased services			404			388			370						1,158			1,093
Sub-custodian and clearing			141			150			117						422			370
Net occupancy			140			132			130						408			388
Distribution and servicing			68			63			90						196			274
Business development			45			53			48						146			134
Bank assessment charges			6			22			10						66			20
Amortization of intangible assets			12			11			12						34			37
Other			133			92			96						335			275
Total noninterest expense			3,236			3,206			3,100						9,694			9,346
Income
Income before taxes			1,852			1,839			1,525						5,213			4,376
Provision for income taxes			395			404			336						1,099			990
Net income			1,457			1,435			1,189						4,114			3,386
Net (income) attributable to noncontrolling interests related to consolidated investment management funds			(12)			(12)			(7)						(26)			(11)
Net income applicable to shareholders of The Bank of New York Mellon Corporation			1,445			1,423			1,182						4,088			3,375
Preferred stock dividends			(106)			(32)			(72)						(209)			(169)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation			$	1,339		$	1,391		$	1,110					$	3,879		$	3,206

Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation			Quarter ended												Year-to-date
			Sept. 30, 2025			June 30, 2025			Sept. 30, 2024						Sept. 30, 2025			Sept. 30, 2024
(in dollars)
Basic			$	1.90		$	1.95		$	1.51					$	5.43		$	4.29
Diluted			$	1.88		$	1.93		$	1.50					$	5.39		$	4.26

8

BNY 3Q25 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.

BNY has 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.

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

Reconciliation of Non-GAAP measures, excluding notable items																					3Q25 vs.
(dollars in millions, except per share amounts)			3Q25						2Q25						3Q24						2Q25			3Q24
Total revenue - GAAP			$	5,081					$	5,028					$	4,648					1		%	9		%
Less: Disposal gain (a)			12						-						-
Adjusted total revenue - Non-GAAP			$	5,069					$	5,028					$	4,648					1		%	9		%
Noninterest expense - GAAP			$	3,236					$	3,206					$	3,100					1		%	4		%
Less: Severance expense (b)			50						34						40
Litigation reserves (b)			3						(16)						2
FDIC special assessment (b)			(14)						(6)						(17)
Adjusted noninterest expense - Non-GAAP			$	3,197					$	3,194					$	3,075					-		%	4		%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation - GAAP			$	1,339					$	1,391					$	1,110					(4)		%	21		%
Less: Disposal gain (a)			9						-						-
Severance expense (b)			(39)						(27)						(31)
Litigation reserves (b)			(2)						16						(2)
FDIC special assessment (b)			11						5						13
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation - Non-GAAP			$	1,360					$	1,397					$	1,130					(3)		%	20		%
Diluted earnings per common share - GAAP			$	1.88					$	1.93					$	1.50					(3)		%	25		%
Less: Disposal gain (a)			0.01						-						-
Severance expense (b)			(0.05)						(0.04)						(0.04)
Litigation reserves (b)			-						0.02						-
FDIC special assessment (b)			0.01						0.01						0.02
Total diluted earnings per common share impact of notable items			(0.03)						(0.01)						(0.03)			(c)
Adjusted diluted earnings per common share - Non-GAAP			$	1.91					$	1.94					$	1.52		(c)			(2)		%	26		%
Operating leverage - GAAP (d)																					11		bps	493		bps
Adjusted operating leverage - Non-GAAP (d)																					73		bps	509		bps

(a) Reflected in Investment and other revenue.

(b) Severance expense is reflected in Staff expense, Litigation reserves in Other expense, and FDIC special assessment in Bank assessment charges, respectively.

(c) Does not foot due to rounding.

(d) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense.

bps - basis points.

9

BNY 3Q25 Financial Results

Pre-tax operating margin reconciliation
(dollars in millions)			3Q25			2Q25			3Q24
Income before taxes - GAAP			$	1,852		$	1,839		$	1,525
Impact of notable items (a)			(27)			(12)			(25)
Adjusted income before taxes, excluding notable items - Non-GAAP			$	1,879		$	1,851		$	1,550
Total revenue - GAAP			$	5,081		$	5,028		$	4,648
Impact of notable items (a)			12			-			-
Adjusted total revenue, excluding notable items - Non-GAAP			$	5,069		$	5,028		$	4,648
Pre-tax operating margin - GAAP (b)			36		%	37		%	33		%
Adjusted pre-tax operating margin - Non-GAAP (b)			37		%	37		%	33		%

(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)			3Q25			2Q25			3Q24
Net income applicable to common shareholders of The Bank of New York Mellon Corporation - GAAP			$	1,339		$	1,391		$	1,110
Add: Amortization of intangible assets			12			11			12
Less: Tax impact of amortization of intangible assets			3			2			3
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets - Non-GAAP			$	1,348		$	1,400		$	1,119
Impact of notable items (a)			(21)			(6)			(20)
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			$	1,369		$	1,406		$	1,139
Average common shareholders' equity			$	38,626		$	37,892		$	36,772
Less: Average goodwill			16,787			16,748			16,281
Average intangible assets			2,842			2,850			2,827
Add: Deferred tax liability - tax deductible goodwill			1,236			1,236			1,220
Deferred tax liability - intangible assets			665			668			656
Average tangible common shareholders' equity - Non-GAAP			$	20,898		$	20,198		$	19,540
Return on common equity - GAAP (b)			13.7		%	14.7		%	12.0		%
Adjusted return on common equity - Non-GAAP (b)			14.0		%	14.8		%	12.2		%
Return on tangible common equity - Non-GAAP (b)			25.6		%	27.8		%	22.8		%
Adjusted return on tangible common equity - Non-GAAP (b)			26.0		%	27.9		%	23.2		%

(a) See page 9 for details of notable items and line items impacted.

(b) Returns are annualized.