Document


THE BANK OF NEW YORK MELLON CORPORATION
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)																1Q26 vs.
	1Q26			4Q25			3Q25			2Q25			1Q25			4Q25		1Q25
Selected income statement data


Fee and other revenue	$	4,039		$	3,833		$	3,845		$	3,825		$	3,633		5	%	11	%
Net interest income	1,370			1,346			1,236			1,203			1,159			2		18
Total revenue	5,409			5,179			5,081			5,028			4,792			4		13
Provision for credit losses	(7)			(26)			(7)			(17)			18			N/M		N/M
Noninterest expense	3,400			3,360			3,236			3,206			3,252			1		5
Income before income taxes	2,016			1,845			1,852			1,839			1,522			9		32
Provision for income taxes	386			376			395			404			300			3		29
Net income	$	1,630		$	1,469		$	1,457		$	1,435		$	1,222		11	%	33	%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,562		$	1,427		$	1,339		$	1,391		$	1,149		9	%	36	%
Diluted earnings per common share	$	2.24		$	2.02		$	1.88		$	1.93		$	1.58		11	%	42	%
Average common shares and equivalents outstanding – diluted (in thousands)	698,164			705,140			712,854			720,007			727,398			(1)	%	(4)	%

Financial ratios (Quarterly returns are annualized)
Pre-tax operating margin	37		%	36		%	36		%	37		%	32		%
Return on common equity	16.1		%	14.5		%	13.7		%	14.7		%	12.6		%
Return on tangible common equity – Non-GAAP (a)	29.3		%	26.6		%	25.6		%	27.8		%	24.2		%
Non-U.S. revenue as a percentage of total revenue	36		%	36		%	35		%	36		%	33		%

Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)(c)	$	59.4		$	59.3		$	57.8		$	55.8		$	53.1		—	%	12	%
Assets under management (“AUM”) (in trillions) (b)	$	2.1		$	2.2		$	2.1		$	2.1		$	2.0		(2)	%	6	%
Full-time employees	47,200			48,100			49,200			49,900			51,000			(2)	%	(7)	%
Book value per common share	$	57.48		$	57.36		$	55.99		$	54.76		$	52.82
Tangible book value per common share – Non-GAAP (a)	$	31.75		$	31.64		$	30.60		$	29.57		$	28.20
Cash dividends per common share	$	0.53		$	0.53		$	0.53		$	0.47		$	0.47
Common dividend payout ratio	24		%	26		%	28		%	25		%	30		%
Closing stock price per common share	$	118.63		$	116.09		$	108.96		$	91.11		$	83.87
Market capitalization	$	81,425		$	79,897		$	75,983		$	64,254		$	60,003
Common shares outstanding (in thousands)	686,379			688,236			697,349			705,241			715,434

Capital ratios at period end (d)
Common Equity Tier 1 (“CET1”) ratio	11.0		%	11.9		%	11.7		%	11.5		%	11.5		%
Tier 1 capital ratio	13.8		%	14.6		%	14.4		%	14.5		%	14.6		%
Total capital ratio	14.5		%	15.4		%	15.3		%	15.5		%	15.7		%
Tier 1 leverage ratio	6.0		%	6.0		%	6.1		%	6.1		%	6.2		%
Supplementary leverage ratio (“SLR”)	6.6		%	6.7		%	6.7		%	6.9		%	6.9		%
(a) Non-GAAP information, for all periods presented, excludes goodwill and intangible assets, net of deferred tax liabilities. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of Non-GAAP measures.
(b) March 31, 2026 information is preliminary.
(c) Includes the AUC/A of CIBC Mellon Trust Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $2.1 trillion at March 31, 2026, $2.2 trillion at Dec. 31, 2025, $2.1 trillion at Sept. 30, 2025, $2.0 trillion at June 30, 2025 and $1.9 trillion at March 31, 2025.
(d) Regulatory capital ratios for March 31, 2026 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for the periods presented, was the Standardized Approach.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENT

(dollars in millions, except per share amounts; common shares in thousands)											1Q26 vs.
	1Q26		4Q25		3Q25		2Q25		1Q25		4Q25		1Q25
Revenue
Investment services fees	$	2,652	$	2,632	$	2,585	$	2,583	$	2,411	1	%	10	%
Investment management and performance fees	785		806		782		758		739		(3)		6
Foreign exchange revenue	232		171		166		213		156		36		49
Financing-related fees	62		53		67		51		60		17		3
Distribution and servicing fees	37		36		37		36		37		3		—
Total fee revenue	3,768		3,698		3,637		3,641		3,403		2		11
Investment and other revenue	271		135		208		184		230		N/M		N/M
Total fee and other revenue	4,039		3,833		3,845		3,825		3,633		5		11
Net interest income	1,370		1,346		1,236		1,203		1,159		2		18
Total revenue	5,409		5,179		5,081		5,028		4,792		4		13
Provision for credit losses	(7)		(26)		(7)		(17)		18		N/M		N/M
Noninterest expense
Staff	1,888		1,812		1,745		1,768		1,834		4		3
Software and equipment	556		565		542		527		513		(2)		8
Professional, legal and other purchased services	388		429		404		388		366		(10)		6
Sub-custodian and clearing	151		139		141		150		131		9		15
Net occupancy	123		143		140		132		136		(14)		(10)
Distribution and servicing	73		73		68		63		65		—		12
Business development	50		71		45		53		48		(30)		4
Bank assessment charges	24		(22)		6		22		38		N/M		N/M

Amortization of intangible assets	9		11		12		11		11		(18)		(18)
Other	138		139		133		92		110		(1)		25
Total noninterest expense	3,400		3,360		3,236		3,206		3,252		1		5
Income before income taxes	2,016		1,845		1,852		1,839		1,522		9		32
Provision for income taxes	386		376		395		404		300		3		29
Net income	1,630		1,469		1,457		1,435		1,222		11		33
Net (income) loss attributable to noncontrolling interests	2		(8)		(12)		(12)		(2)		N/M		N/M
Preferred stock dividends	(70)		(34)		(106)		(32)		(71)		N/M		N/M
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,562	$	1,427	$	1,339	$	1,391	$	1,149	9	%	36	%

Average common shares and equivalents outstanding: Basic	691,178		697,540		705,873		714,799		720,951		(1)	%	(4)	%
Diluted	698,164		705,140		712,854		720,007		727,398		(1)	%	(4)	%

Earnings per common share: Basic	$	2.26	$	2.04	$	1.90	$	1.95	$	1.59	11	%	42	%
Diluted	$	2.24	$	2.02	$	1.88	$	1.93	$	1.58	11	%	42	%
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET

	2026		2025
(dollars in millions)	March 31 (a)		Dec. 31		Sept. 30		June 30		March 31
Assets
Cash and due from banks	$	6,390	$	5,111	$	5,055	$	5,699	$	5,354
Interest-bearing deposits with the Federal Reserve and other central banks	170,202		116,009		106,368		135,602		102,303
Interest-bearing deposits with banks	13,544		10,397		11,027		12,069		11,945
Federal funds sold and securities purchased under resale agreements	43,660		44,892		41,863		45,547		41,316
Securities	155,615		150,200		149,528		147,068		145,385
Trading assets	16,488		14,276		13,625		12,610		11,978
Loans	101,261		80,615		75,195		73,096		71,404
Allowance for loan losses	(237)		(245)		(272)		(275)		(295)
Net loans	101,024		80,370		74,923		72,821		71,109
Premises and equipment	3,796		3,581		3,549		3,289		3,257
Accrued interest receivable	1,402		1,435		1,426		1,348		1,302
Goodwill	16,734		16,767		16,773		16,823		16,661
Intangible assets	2,809		2,822		2,834		2,849		2,846
Other assets	29,853		26,440		28,341		30,056		27,235
Total assets	$	561,517	$	472,300	$	455,312	$	485,781	$	440,691
Liabilities
Deposits	$	417,080	$	331,894	$	314,697	$	346,393	$	308,644
Federal funds purchased and securities sold under repurchase agreements	19,506		18,992		16,585		15,492		15,663
Trading liabilities	4,747		6,135		3,499		6,134		4,580
Payables to customers and broker-dealers	24,754		21,872		23,638		21,273		22,244
Commercial paper	1,002		2,003		2,364		2,361		1,662
Other borrowed funds	175		422		283		293		212
Accrued taxes and other expenses	4,449		5,544		4,920		4,634		4,438
Other liabilities	11,903		8,757		12,678		11,233		8,756
Long-term debt	32,582		31,873		32,287		33,429		30,869
Total liabilities	516,198		427,492		410,951		441,242		397,068
Temporary equity
Redeemable noncontrolling interests	81		87		111		111		94
Permanent equity
Preferred stock	5,331		4,836		4,836		5,331		5,331
Common stock	14		14		14		14		14
Additional paid-in capital	30,142		29,907		29,795		29,659		29,535
Retained earnings	47,582		46,396		45,346		44,388		43,343
Accumulated other comprehensive loss, net of tax	(3,496)		(3,035)		(3,362)		(3,549)		(4,115)
Less: Treasury stock, at cost	(34,790)		(33,805)		(32,750)		(31,893)		(30,989)
Total The Bank of New York Mellon Corporation shareholders’ equity	44,783		44,313		43,879		43,950		43,119
Nonredeemable noncontrolling interests of consolidated investment management funds	455		408		371		478		410
Total permanent equity	45,238		44,721		44,250		44,428		43,529
Total liabilities, temporary equity and permanent equity	$	561,517	$	472,300	$	455,312	$	485,781	$	440,691
(a) The spot balance sheet on March 31, 2026, was temporarily elevated reflecting a single-day increase in deposits, interest-bearing deposits with the Federal Reserve and other central banks and overnight loans as a result of delayed processing of certain payments.


THE BANK OF NEW YORK MELLON CORPORATION
FEE AND OTHER REVENUE

											1Q26 vs.
(dollars in millions)	1Q26		4Q25		3Q25		2Q25		1Q25		4Q25		1Q25
Investment services fees	$	2,652	$	2,632	$	2,585	$	2,583	$	2,411	1	%	10	%
Investment management and performance fees:
Investment management fees (a)	784		792		776		748		734		(1)		7
Performance fees	1		14		6		10		5		N/M		N/M
Total investment management and performance fees (b)	785		806		782		758		739		(3)		6
Foreign exchange revenue	232		171		166		213		156		36		49
Financing-related fees	62		53		67		51		60		17		3
Distribution and servicing fees	37		36		37		36		37		3		—
Total fee revenue	3,768		3,698		3,637		3,641		3,403		2		11
Investment and other revenue:
Income (loss) from consolidated investment management funds	(6)		19		23		35		6		N/M		N/M
Seed capital gains (losses) (c)	(3)		4		8		8		(6)		N/M		N/M
Other trading revenue	94		76		73		59		71		N/M		N/M
Renewable energy investment gains	44		6		19		15		15		N/M		N/M
Corporate/bank-owned life insurance	48		51		41		35		38		N/M		N/M
Other investments gains (losses) (d)	108		(43)		7		26		24		N/M		N/M
Disposal gains (losses)	—		—		12		—		40		N/M		N/M
Expense reimbursements from joint venture	32		35		36		34		31		N/M		N/M
Other income	4		2		19		7		11		N/M		N/M
Net securities gains (losses)	(50)		(15)		(30)		(35)		—		N/M		N/M
Total investment and other revenue	271		135		208		184		230		N/M		N/M
Total fee and other revenue	$	4,039	$	3,833	$	3,845	$	3,825	$	3,633	5	%	11	%
(a) Excludes seed capital gains (losses) related to consolidated investment management funds.
(b) On a constant currency basis, investment management and performance fees increased 4% (Non-GAAP) compared with 1Q25. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.
(c) Includes gains (losses) on investments in BNY funds which hedge deferred incentive awards.
(d) Includes strategic equity, private equity and other investments.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
AVERAGE BALANCES AND INTEREST RATES
	1Q26					4Q25					3Q25					2Q25					1Q25
	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	$	97,886	3.19	%		$	97,489	3.38	%		$	94,533	3.69	%		$	99,426	3.73	%		$	86,038	3.84	%
Interest-bearing deposits with banks	12,049		2.30			11,440		2.53			10,980		2.97			11,199		3.10			10,083		3.39
Federal funds sold and securities purchased under resale agreements	42,848		24.29		(a)	43,363		26.99		(a)	40,885		30.66		(a)	39,522		32.23		(a)	41,166		28.79		(a)
Loans	81,058		5.09			76,678		5.46			72,692		5.80			71,265		5.81			69,670		5.80
Securities:
U.S. government obligations	34,521		3.50			33,726		3.49			31,754		3.59			29,279		3.63			26,614		3.49
U.S. government agency obligations	63,975		3.29			61,578		3.29			61,174		3.40			62,874		3.36			63,514		3.27
Other securities	55,405		3.45			55,119		3.54			54,986		3.61			54,610		3.58			51,403		3.62
Total investment securities	153,901		3.39			150,423		3.43			147,914		3.52			146,763		3.49			141,531		3.44
Trading securities (b)	8,568		4.26			7,896		4.82			7,489		5.02			7,367		4.84			6,199		5.29
Total securities (b)	162,469		3.44			158,319		3.50			155,403		3.59			154,130		3.56			147,730		3.52
Total interest-earning assets (b)	$	396,310	5.94	%		$	387,289	6.46	%		$	374,493	6.98	%		$	375,542	7.03	%		$	354,687	6.97	%
Noninterest-earning assets	65,618					63,924					62,998					63,066					61,157
Total assets	$	461,928				$	451,213				$	437,491				$	438,608				$	415,844

Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits	$	263,497	2.39	%		$	258,640	2.58	%		$	248,016	2.90	%		$	250,688	2.95	%		$	234,394	2.98	%
Federal funds purchased and securities sold under repurchase agreements	19,457		47.90		(a)	18,105		57.66		(a)	16,242		69.11		(a)	17,485		65.95		(a)	17,566		60.25		(a)
Trading liabilities	2,565		4.17			2,839		4.03			3,333		4.40			2,821		4.94			2,063		4.56
Other borrowed funds	325		5.01			339		4.57			243		4.63			432		5.06			288		5.93
Commercial paper	1,945		3.97			2,310		4.32			3,268		4.63			2,511		4.56			1,279		4.51
Payables to customers and broker-dealers	17,636		3.47			16,764		4.02			16,434		4.34			15,494		4.19			15,142		4.21
Long-term debt	32,542		4.93			32,135		5.09			32,503		5.53			31,805		5.64			31,216		5.57
Total interest-bearing liabilities	$	337,967	5.34	%		$	331,132	5.94	%		$	320,039	6.64	%		$	321,236	6.74	%		$	301,948	6.66	%
Total noninterest-bearing deposits	54,949					51,842					51,310					49,610					48,141
Other noninterest-bearing liabilities	24,116					23,858					21,674					24,073					23,808
Total The Bank of New York Mellon Corporation shareholders’ equity	44,432					43,978					43,974					43,223					41,542
Noncontrolling interests	464					403					494					466					405
Total liabilities and equity	$	461,928				$	451,213				$	437,491				$	438,608				$	415,844
Net interest margin			1.38	%				1.38	%				1.31	%				1.27	%				1.30	%
Net interest margin (FTE) – Non-GAAP (c)			1.38	%				1.38	%				1.31	%				1.27	%				1.30	%
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $233 billion for 1Q26, $242 billion for 4Q25, $241 billion for 3Q25, $247 billion for 2Q25 and $224 billion for 1Q25. On a Non-GAAP basis, excluding the impact of offsetting, the yield on federal funds sold and securities purchased under resale agreements would have been 3.78% for 1Q26, 4.11% for 4Q25, 4.45% for 3Q25, 4.45% for 2Q25 and 4.46% for 1Q25. On a Non-GAAP basis, excluding the impact of offsetting, the rate on federal funds purchased and securities sold under repurchase agreements would have been 3.70% for 1Q26, 4.02% for 4Q25, 4.36% for 3Q25, 4.36% for 2Q25 and 4.37% for 1Q25. We believe providing the rates excluding the impact of netting is useful to investors as it is more reflective of the actual rates earned and paid.
(b) Average rates were calculated on an FTE basis, at tax rates of approximately 21%.
(c) See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.


THE BANK OF NEW YORK MELLON CORPORATION
CAPITAL AND LIQUIDITY

	2026			2025
(dollars in millions)	March 31			Dec. 31			Sept. 30			June 30			March 31
Consolidated regulatory capital ratios: (a)
Standardized Approach:
CET1 capital	$	21,114		$	21,086		$	20,645		$	20,149		$	19,505
Tier 1 capital	26,441			25,909			25,471			25,472			24,783
Total capital	27,933			27,390			27,079			27,243			26,581
Risk-weighted assets	192,263			177,677			176,432			175,668			169,262

CET1 ratio	11.0		%	11.9		%	11.7		%	11.5		%	11.5		%
Tier 1 capital ratio	13.8			14.6			14.4			14.5			14.6
Total capital ratio	14.5			15.4			15.3			15.5			15.7

Advanced Approaches:
CET1 capital	$	21,114		$	21,086		$	20,645		$	20,149		$	19,505
Tier 1 capital	26,441			25,909			25,471			25,472			24,783
Total capital	27,586			27,046			26,734			26,897			26,246
Risk-weighted assets	166,609			162,418			168,841			168,748			162,234

CET1 ratio	12.7		%	13.0		%	12.2		%	11.9		%	12.0		%
Tier 1 capital ratio	15.9			16.0			15.1			15.1			15.3
Total capital ratio	16.6			16.7			15.8			15.9			16.2

Tier 1 leverage ratio: (a)
Average assets for Tier 1 leverage ratio	$	443,562		$	432,803		$	419,077		$	420,131		$	397,513
Tier 1 leverage ratio	6.0		%	6.0		%	6.1		%	6.1		%	6.2		%

SLR: (a)
Leverage exposure	$	402,005		$	388,529		$	377,728		$	369,838		$	359,666
SLR	6.6		%	6.7		%	6.7		%	6.9		%	6.9		%

Average liquidity coverage ratio (a)	111		%	112		%	112		%	112		%	116		%
Average net stable funding ratio (a)	131		%	130		%	130		%	131		%	132		%
(a) Regulatory capital and liquidity ratios for March 31, 2026 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for the periods presented, was the Standardized Approach.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT

																1Q26 vs.
(dollars in millions)	1Q26			4Q25			3Q25			2Q25			1Q25			4Q25		1Q25
Revenue:
Investment services fees:
Asset Servicing (a)	$	1,170		$	1,146		$	1,129		$	1,082		$	1,050		2	%	11	%
Issuer Services	278			331			313			376			267			(16)		4
Total investment services fees	1,448			1,477			1,442			1,458			1,317			(2)		10
Foreign exchange revenue	196			142			143			175			136			38		44
Other fees (b)	74			68			73			60			65			9		14
Total fee revenue	1,718			1,687			1,658			1,693			1,518			2		13
Investment and other revenue	203			62			119			94			140			N/M		N/M
Total fee and other revenue	1,921			1,749			1,777			1,787			1,658			10		16
Net interest income	757			735			670			675			630			3		20
Total revenue	2,678			2,484			2,447			2,462			2,288			8		17
Provision for credit losses	(11)			(13)			(3)			(13)			8			N/M		N/M
Total noninterest expense (a)	1,648			1,651			1,639			1,605			1,569			—		5
Income before income taxes (a)	$	1,041		$	846		$	811		$	870		$	711		23	%	46	%


Total revenue by line of business:
Asset Servicing (a)	$	2,170		$	1,932		$	1,903		$	1,858		$	1,774		12	%	22	%
Issuer Services	508			552			544			604			514			(8)		(1)
Total revenue by line of business	$	2,678		$	2,484		$	2,447		$	2,462		$	2,288		8	%	17	%

Financial ratios:
Pre-tax operating margin (a)	39		%	34		%	33		%	35		%	31		%

Memo: Securities lending revenue (c)	$	72		$	69		$	62		$	56		$	52		4	%	38	%
(a) In 1Q26, we realigned clients in Managed Accounts Solutions from the Asset Servicing line of business to the Wealth Solutions (formerly Pershing) line of business in the Market and Wealth Services business segment. Prior period amounts were revised for comparability.
(b) Other fees primarily include financing-related fees.
(c) Included in investment services fees reported in the Asset Servicing line of business.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT

											1Q26 vs.
(dollars in millions, unless otherwise noted)	1Q26		4Q25		3Q25		2Q25		1Q25		4Q25		1Q25
Selected balance sheet data:
Average loans	$	12,265	$	11,439	$	10,706	$	11,327	$	11,347	7	%	8	%
Average assets (a)(b)	$	218,500	$	211,728	$	201,965	$	206,064	$	194,418	3	%	12	%
Average deposits (b)	$	197,789	$	192,771	$	183,070	$	185,823	$	175,853	3	%	12	%

Selected metrics:
AUC/A at period end (in trillions) (b)(c)(d)	$	42.7	$	42.7	$	41.5	$	39.9	$	37.9	—	%	13	%
Market value of securities on loan at period end (in billions) (e)	$	629	$	604	$	554	$	516	$	504	4	%	25	%

Issuer Services
Total debt serviced at period end (in trillions)	$	15.0	$	14.8	$	14.5	$	14.3	$	13.9	1	%	8	%
Number of Depositary Receipts programs at period end	1,632		1,614		1,601		1,568		1,576		1	%	4	%
(a) In business segments where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.
(b) In 1Q26, we realigned clients in Managed Accounts Solutions from the Asset Servicing line of business to the Wealth Solutions (formerly Pershing) line of business in the Market and Wealth Services business segment. Prior period amounts were revised for comparability.
(c) March 31, 2026 information is preliminary.
(d) Consists of AUC/A primarily from the Asset Servicing line of business and, to a lesser extent, the Issuer Services line of business. Includes the AUC/A of CIBC Mellon of $2.1 trillion at March 31, 2026, $2.2 trillion at Dec. 31, 2025, $2.1 trillion at Sept. 30, 2025, $2.0 trillion at June 30, 2025 and $1.9 trillion at March 31, 2025.
(e) Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY acts as agent on behalf of CIBC Mellon clients, which totaled $73 billion at March 31, 2026, $74 billion at Dec. 31, 2025, $81 billion at Sept. 30, 2025, $68 billion at June 30, 2025 and $62 billion at March 31, 2025.


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

																1Q26 vs.
(dollars in millions)	1Q26			4Q25			3Q25			2Q25			1Q25			4Q25		1Q25
Revenue:
Investment services fees:
Wealth Solutions (a)	$	544		$	518		$	520		$	525		$	515		5	%	6	%
Payments and Trade	220			212			214			209			209			4		5
Clearance and Collateral Management	430			417			398			385			362			3		19
Total investment services fees	1,194			1,147			1,132			1,119			1,086			4		10
Foreign exchange revenue	36			28			31			30			29			29		24
Other fees (b)	70			65			70			63			65			8		8
Total fee revenue	1,300			1,240			1,233			1,212			1,180			5		10
Investment and other revenue	21			9			22			36			21			N/M		N/M
Total fee and other revenue	1,321			1,249			1,255			1,248			1,201			6		10
Net interest income	571			569			524			506			497			—		15
Total revenue	1,892			1,818			1,779			1,754			1,698			4		11
Provision for credit losses	(6)			(7)			(3)			(6)			4			N/M		N/M
Total noninterest expense (a)	937			951			912			912			881			(1)		6
Income before income taxes (a)	$	961		$	874		$	870		$	848		$	813		10	%	18	%


Total revenue by line of business:
Wealth Solutions (a)	$	783		$	754		$	741		$	751		$	731		4	%	7	%
Payments and Trade	545			524			510			490			477			4		14
Clearance and Collateral Management	564			540			528			513			490			4		15
Total revenue by line of business	$	1,892		$	1,818		$	1,779		$	1,754		$	1,698		4	%	11	%


Financial ratios:
Pre-tax operating margin (a)	51		%	48		%	49		%	48		%	48		%
(a) In 1Q26, we realigned clients in Managed Accounts Solutions from the Asset Servicing line of business in the Securities Services business segment to the Wealth Solutions (formerly Pershing) line of business. Prior period amounts were revised for comparability.
(b) Other fees primarily include financing-related fees.
N/M – Not meaningful.


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

											1Q26 vs.
(dollars in millions, unless otherwise noted)	1Q26		4Q25		3Q25		2Q25		1Q25		4Q25		1Q25
Selected balance sheet data:
Average loans	$	52,921	$	49,613	$	46,278	$	44,262	$	42,986	7	%	23	%
Average assets (a)(b)	$	147,689	$	145,105	$	137,592	$	135,607	$	129,727	2	%	14	%
Average deposits (b)	$	103,043	$	101,776	$	97,508	$	96,574	$	91,906	1	%	12	%

Selected metrics:
AUC/A at period end (in trillions) (b)(c)(d)	$	16.5	$	16.2	$	16.0	$	15.6	$	14.9	2	%	11	%

Wealth Solutions (formerly Pershing)
AUC/A at period end (in trillions) (b)(c)	$	3.3	$	3.3	$	3.2	$	3.0	$	2.9	—	%	14	%
Net new assets (U.S. platform) (in billions) (e)	$	22	$	51	$	3	$	(10)	$	11	N/M		N/M
Daily average revenue trades (“DARTs”) (U.S. platform) (in thousands)	352		285		269		334		298		24	%	18	%
Average active clearing accounts (in thousands)	8,601		8,487		8,387		8,405		8,406		1	%	2	%

Payments and Trade
Average daily U.S. dollar payment volumes	257,960		258,080		246,286		246,250		244,673		—	%	5	%

Clearance and Collateral Management
Average collateral balances (in billions)	$	7,783	$	7,453	$	7,275	$	7,061	$	6,576	4	%	18	%
(a) In business segments where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.
(b) In 1Q26, we realigned clients in Managed Accounts Solutions from the Asset Servicing line of business in the Securities Services business segment to the Wealth Solutions (formerly Pershing) line of business. Prior period amounts were revised for comparability.
(c) March 31, 2026 information is preliminary.
(d) Consists of AUC/A from the Clearance and Collateral Management and Wealth Solutions (formerly Pershing) lines of business.
(e) Net new assets represent net flows of assets (e.g., net cash deposits and net securities transfers, including dividends and interest) in customer accounts in Pershing LLC, a U.S. broker-dealer.
N/M – Not meaningful.


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

																1Q26 vs.
(dollars in millions)	1Q26			4Q25			3Q25			2Q25			1Q25			4Q25		1Q25
Revenue:
Investment management fees	$	785		$	793		$	776		$	748		$	735		(1)	%	7	%
Performance fees	1			14			6			10			5			N/M		N/M
Investment management and performance fees (a)	786			807			782			758			740			(3)		6
Distribution and servicing fees	70			69			69			69			68			1		3
Other fees (b)	(83)			(84)			(78)			(76)			(75)			N/M		N/M
Total fee revenue	773			792			773			751			733			(2)		5
Investment and other revenue (c)	(1)			11			10			9			5			N/M		N/M
Total fee and other revenue (c)	772			803			783			760			738			(4)		5
Net interest income	53			51			41			41			41			4		29
Total revenue	825			854			824			801			779			(3)		6
Provision for credit losses	9			3			—			—			2			N/M		N/M



Total noninterest expense	726			703			640			653			714			3		2
Income before income taxes	$	90		$	148		$	184		$	148		$	63		(39)	%	43	%


Total revenue by line of business:
Investment Management	$	550		$	577		$	559		$	543		$	518		(5)	%	6	%
Wealth Management	275			277			265			258			261			(1)		5
Total revenue by line of business	$	825		$	854		$	824		$	801		$	779		(3)	%	6	%


Financial ratios:
Pre-tax operating margin	11		%	17		%	22		%	19		%	8		%


Selected balance sheet data:
Average loans	$	14,233		$	13,931		$	14,143		$	13,991		$	13,537		2	%	5	%
Average assets (d)	$	27,261		$	26,948		$	27,247		$	27,114		$	26,402		1	%	3	%
Average deposits	$	9,592		$	9,453		$	9,201		$	9,216		$	9,917		1	%	(3)	%
(a) On a constant currency basis, investment management and performance fees increased 4% (Non-GAAP) compared with 1Q25. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.
(b) Other fees primarily include investment services fees.
(c) Investment and other revenue and total fee and other revenue are net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds.
(d) In business segments where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.
N/M – Not meaningful.


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

												1Q26 vs.
(dollars in billions)	1Q26		4Q25		3Q25			2Q25		1Q25		4Q25		1Q25
AUM by product type: (a)(b)
Equity	$	172	$	179	$	180		$	168	$	156	(4)	%	10	%
Fixed income	261		262		257			248		234		—		12
Index	497		517		512			488		470		(4)		6
Liability-driven investments	530		539		537			588		549		(2)		(3)
Multi-asset and alternative investments	181		186		181			173		167		(3)		8
Cash	485		495		475			441		432		(2)		12
Total AUM	$	2,126	$	2,178	$	2,142		$	2,106	$	2,008	(2)	%	6	%

Changes in AUM: (a)(b)
Beginning balance of AUM	$	2,178	$	2,142	$	2,106		$	2,008	$	2,029
Net inflows (outflows):
Long-term strategies:
Equity	(4)		(4)		(8)			(3)		(3)
Fixed income	3		5		7			5		2
Liability-driven investments	1		(15)		(23)			—		1
Multi-asset and alternative investments	—		(1)		(1)			(4)		(2)
Total long-term active strategies inflows (outflows)	—		(15)		(25)			(2)		(2)
Index	(7)		(8)		(8)			(22)		(11)
Total long-term strategies inflows (outflows)	(7)		(23)		(33)			(24)		(13)
Short-term strategies:
Cash	(10)		20		34			7		(5)
Total net inflows (outflows)	(17)		(3)		1			(17)		(18)
Net market impact	(23)		40		30			70		(25)
Net currency impact	(12)		(1)		(10)			45		22
Other	—		—		15		(c)	—		—
Ending balance of AUM	$	2,126	$	2,178	$	2,142		$	2,106	$	2,008	(2)	%	6	%

Wealth Management client assets (a)(d)	$	339	$	350	$	348		$	339	$	327	(3)	%	4	%
(a) March 31, 2026 information is preliminary.
(b) Represents assets managed in the Investment and Wealth Management business segment.
(c) Reflects a change in methodology beginning in the third quarter of 2025 to include assets under advisement.
(d) Includes AUM and AUC/A in the Wealth Management line of business.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES PORTFOLIO

(dollars in millions)	Dec. 31, 2025			1Q26 change in unrealized gain (loss)		March 31, 2026					Fair value as a % of amortized cost (a)		Unrealized gain (loss)			% Floating rate (b)			Ratings (c)
			Amortized cost (a)			Fair value												AAA/ AA-	A+/ A-		BBB+/ BBB-		BB+ and lower				Not rated
	Fair value
Agency RMBS	$	45,383		$	(232)	$	51,648	$	49,103		95	%	$	(2,545)		23	%		100	%	—	%	—	%	—	%		—	%
U.S. Treasury	33,386			(142)		35,990		35,783			99		(207)			38			100		—		—		—			—
Non-U.S. government (d)	34,224			(237)		33,695		33,435			99		(260)			24			84		16		—		—			—
Agency commercial MBS	9,600			5		9,603		9,380			98		(223)			45			100		—		—		—			—
Foreign covered bonds	8,806			(36)		8,761		8,707			99		(54)			38			100		—		—		—			—
CLOs	7,958			(12)		8,349		8,337			100		(12)			100			100		—		—		—			—
U.S. government agencies	4,029			(7)		4,176		4,003			96		(173)			27			100		—		—		—			—
Non-agency commercial MBS	2,196			(2)		2,180		2,094			96		(86)			45			100		—		—		—			—
Non-agency RMBS	1,515			(2)		1,645		1,529			93		(116)			48			100		—		—		—			—
Other asset-backed securities	376			1		367		347			95		(20)			21			100		—		—		—			—
Other debt securities	10			1		11		11			100		—			—			—		—		—		—			100
Total securities	$	147,483		$	(663)	$	156,425	$	152,729	(e)	98	%	$	(3,696)	(f)	34	%		96	%	4	%	—	%	—	%		—	%
(a) Amortized cost includes the impact of hedged item basis adjustments, which was a net decrease of $1,099 million, and is net of allowance for credit losses.
(b) Includes the impact of hedges.
(c) Represents ratings by S&P, or the equivalent.
(d) Includes supranational securities.
(e) The fair value of available-for-sale securities totaled $106,785 million at March 31, 2026, or 70% of the securities portfolio. The fair value of the held-to-maturity securities totaled $45,944 million at March 31, 2026, or 30% of the securities portfolio.
(f) At March 31, 2026, includes a pre-tax net unrealized loss of $810 million related to available-for-sale securities, net of hedges, and $2,886 million related to held-to-maturity securities. The after-tax unrealized loss, net of hedges, related to available-for-sale securities was $610 million, and the after-tax unrealized loss related to held-to-maturity securities was $2,201 million.
Note: At March 31, 2026, the accretable discount relating to securities was $2,834 million. Including the discontinued hedges, net accretion was $125 million in 1Q26.


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

	2026			2025
(dollars in millions)	March 31			Dec. 31			Sept. 30			June 30			March 31
Allowance for credit losses – beginning of period:
Allowance for loan losses	$	245		$	272		$	275		$	295		$	294
Allowance for lending-related commitments	74			63			70			75			72
Allowance for other financial instruments (a)	25			33			34			31			26
Allowance for credit losses – beginning of period	$	344		$	368		$	379		$	401		$	392

Net (charge-offs) recoveries:
Charge-offs	(1)			—			(5)			(10)			(10)
Recoveries	11			2			1			5			1
Total net (charge-offs) recoveries	10			2			(4)			(5)			(9)
Provision for credit losses (b)	(7)			(26)			(7)			(17)			18
Allowance for credit losses – end of period	$	347		$	344		$	368		$	379		$	401

Allowance for credit losses – end of period:
Allowance for loan losses	$	237		$	245		$	272		$	275		$	295
Allowance for lending-related commitments	85			74			63			70			75
Allowance for other financial instruments (a)	25			25			33			34			31
Allowance for credit losses – end of period	$	347		$	344		$	368		$	379		$	401

Allowance for loan losses as a percentage of total loans	0.23		%	0.30		%	0.36		%	0.38		%	0.41		%

Nonperforming assets	$	69		$	143		$	160		$	161		$	213
(a) Includes allowance for credit losses on federal funds sold and securities purchased under resale agreements, available-for-sale securities, held-to-maturity securities, accounts receivable, cash and due from banks and interest-bearing deposits with banks.
(b) Includes all instruments within the scope of ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments.


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

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

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

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

Notes:


Returns on common and tangible common equity ratios are annualized.



Return on common equity and tangible common equity reconciliation
(dollars in millions)	1Q26			4Q25			3Q25			2Q25			1Q25
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	1,562		$	1,427		$	1,339		$	1,391		$	1,149
Add: Amortization of intangible assets	9			11			12			11			11
Less: Tax impact of amortization of intangible assets	2			3			3			2			3
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	1,569		$	1,435		$	1,348		$	1,400		$	1,157

Average common shareholders’ equity	$	39,448		$	39,142		$	38,626		$	37,892		$	36,980
Less: Average goodwill	16,774			16,777			16,787			16,748			16,615
Average intangible assets	2,819			2,827			2,842			2,850			2,849
Add: Deferred tax liability – tax deductible goodwill	1,226			1,227			1,236			1,236			1,226
Deferred tax liability – intangible assets	660			662			665			668			666
Average tangible common shareholders’ equity – Non-GAAP	$	21,741		$	21,427		$	20,898		$	20,198		$	19,408

Return on common equity – GAAP	16.1		%	14.5		%	13.7		%	14.7		%	12.6		%
Return on tangible common equity – Non-GAAP	29.3		%	26.6		%	25.6		%	27.8		%	24.2		%


THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Book value and tangible book value per common share reconciliation	2026			2025
(dollars in millions, except common shares and unless otherwise noted)	March 31			Dec. 31			Sept. 30			June 30			March 31
The Bank of New York Mellon Corporation shareholders’ equity at period end – GAAP	$	44,783		$	44,313		$	43,879		$	43,950		$	43,119
Less: Preferred stock	5,331			4,836			4,836			5,331			5,331
The Bank of New York Mellon Corporation common shareholders’ equity at period end – GAAP	39,452			39,477			39,043			38,619			37,788
Less: Goodwill	16,734			16,767			16,773			16,823			16,661
Intangible assets	2,809			2,822			2,834			2,849			2,846
Add: Deferred tax liability – tax deductible goodwill	1,226			1,227			1,236			1,236			1,226
Deferred tax liability – intangible assets	660			662			665			668			666
The Bank of New York Mellon Corporation tangible common shareholders’ equity at period end – Non-GAAP	$	21,795		$	21,777		$	21,337		$	20,851		$	20,173

Period-end common shares outstanding (in thousands)	686,379			688,236			697,349			705,241			715,434

Book value per common share – GAAP	$	57.48		$	57.36		$	55.99		$	54.76		$	52.82
Tangible book value per common share – Non-GAAP	$	31.75		$	31.64		$	30.60		$	29.57		$	28.20


Net interest margin reconciliation
(dollars in millions)	1Q26			4Q25			3Q25			2Q25			1Q25
Net interest income – GAAP	$	1,370		$	1,346		$	1,236		$	1,203		$	1,159
Add: Tax equivalent adjustment	—			—			—			1			—
Net interest income (FTE) – Non-GAAP	$	1,370		$	1,346		$	1,236		$	1,204		$	1,159

Average interest-earning assets	$	396,310		$	387,289		$	374,493		$	375,542		$	354,687

Net interest margin – GAAP (a)	1.38		%	1.38		%	1.31		%	1.27		%	1.30		%
Net interest margin (FTE) – Non-GAAP (a)	1.38		%	1.38		%	1.31		%	1.27		%	1.30		%
(a) Net interest margin is annualized.


Constant currency reconciliations							1Q26 vs.
(dollars in millions)	1Q26			1Q25			1Q25
Consolidated:
Investment management and performance fees – GAAP	$	785		$	739		6		%
Impact of changes in foreign currency exchange rates	—			14
Adjusted investment management and performance fees – Non-GAAP	$	785		$	753		4		%

Investment and Wealth Management business segment:
Investment management and performance fees – GAAP	$	786		$	740		6		%
Impact of changes in foreign currency exchange rates	—			14
Adjusted investment management and performance fees – Non-GAAP	$	786		$	754		4		%


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

First Quarter 2026