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2Q26
FINANCIALRESULTS


BNY Reports Second Quarter 2026
Earnings Per Common Share of $2.45

NEW YORK, July 15, 2026 – The Bank of New York Mellon Corporation (“BNY”) (NYSE: BNY) today has reported financial results for the second quarter of 2026.
CEO COMMENTARY
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In a dynamic market, BNY delivered another strong quarter with robust organic growth, once again demonstrating BNY’s position at the heart of the world’s capital markets.
 
Enabled by our new commercial and platform operating models, our people are coming together to support our clients
and deliver strong financial performance. We grew revenue by 13% year-over-year to a record $5.7 billion and generated 600 basis points of positive operating leverage, a pre-tax margin of 40% and an ROTCE of 31%.
 
Growth was broad-based across Securities Services, Market and Wealth Services and Investment and Wealth Management, reflecting healthy client activity as well as the impact of our continuous investments and strategic actions to enable differentiated solutions for our clients. We also achieved another quarter of record sales.
Halfway through the year, our performance underscores BNY’s strong momentum, and our teams around the world remain focused on delivering more for our clients and shareholders.
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– Robin Vince, Chief Executive Officer
EPSPre-tax marginROEROTCE
$2.45
40%
17%
     31% (a)
KEY FINANCIAL INFORMATION
(dollars in millions, except per share amounts and unless otherwise noted)2Q26 vs.
2Q261Q262Q25
Selected income statement data:
Total fee revenue$4,036 7%11%
Investment and other revenue216 N/MN/M
Net interest income1,446 6%20%
Total revenue$5,698 5%13%
Provision for credit losses(8)N/MN/M
Noninterest expense$3,439 1%7%
Net income applicable to common shareholders$1,696 9%22%
Diluted EPS$2.45 9%27%
Selected metrics:
AUC/A (in trillions)
$62.6 5%12%
AUM (in trillions)
$2.2 5%6%
Financial ratios:2Q261Q262Q25
Pre-tax operating margin39.8%37.3%36.6%
ROE17.2%16.1%14.7%
ROTCE (a)
31.3%29.3%27.8%
Capital ratios:
Tier 1 leverage ratio5.9%6.0%6.1%
CET1 ratio11.0%11.0%11.5%
HIGHLIGHTS
Results
•Total revenue of $5.7 billion, increased 13%
•Noninterest expense of $3.4 billion, increased 7%
•Diluted EPS of $2.45, increased 27%

Profitability
•Pre-tax operating margin of 39.8%
•ROTCE of 31.3% (a)

Balance sheet
•Average deposits of $314 billion, increased 5% year-over-year and decreased 1% sequentially
•Tier 1 leverage ratio of 5.9%, decreased 17 bps year-over-year and 7 bps sequentially

Capital distribution
•Returned $1.5 billion of capital to common shareholders
•$371 million of dividends
•$1.1 billion of share repurchases
•Total payout ratio of 87% year-to-date

(a) For information on the Non-GAAP measures, see “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9.
Note: Above comparisons are 2Q26 vs. 2Q25, unless otherwise noted.
Media: Anneliese Diedrichs + 1 646 468 6026
Investors: Marius Merz +1 212 298 1480
BNY 2Q26 Financial Results
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per share amounts and unless otherwise noted;
not meaningful - N/M)		2Q26 vs.
2Q261Q262Q251Q262Q25
Fee revenue$4,036 $3,768 $3,641 7%     11%     
Investment and other revenue 216 271 184 N/MN/M
Total fee and other revenue4,252 4,039 3,825 5 11 
Net interest income1,446 1,370 1,203 6 20 
Total revenue5,698 5,409 5,028 5 13 
Provision for credit losses(8)(7)(17)N/MN/M
Noninterest expense3,439 3,400 3,206 1 7 
Income before taxes2,267 2,016 1,839 12 23 
Provision for income taxes475 386 404 23 18 
Net income$1,792 $1,630 $1,435 10%     25%     
Net income applicable to common shareholders of The Bank of New York Mellon Corporation$1,696 $1,562 $1,391 9%     22%     
Operating leverage (a)
419 bps606  bps
Diluted earnings per common share$2.45 $2.24 $1.93 9%     27%     
Average common shares and equivalents outstanding - diluted (in thousands)
692,223 698,164 720,007 
Pre-tax operating margin39.8%37.3%36.6%
Metrics:
Average loans$85,587 $81,058 $71,265 6%20%     
Average deposits314,036 318,446 300,298 (1)5 
AUC/A at period end (in trillions) (current period is preliminary)
62.6 59.4 55.8 5 12 
AUM at period end (in trillions) (current period is preliminary)
2.2 2.1 2.1 5 6 
Non-GAAP measures, excluding notable items: (b)
Adjusted total revenue$5,698 $5,409 $5,028 5%13%
Adjusted noninterest expense3,431 3,386 3,194 1 7 
Adjusted operating leverage (a)
401 bps591 bps
Adjusted diluted earnings per common share$2.46 $2.25 $1.94 9%27%
Adjusted pre-tax operating margin39.9%37.5%36.8%
(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 2Q26 vs. 2Q25, unless otherwise noted)
•Total revenue increased 13%, primarily reflecting:
•Fee revenue increased 11%, primarily reflecting net new business, higher market values and higher client activity, partially offset by the mix of AUM flows.
•Investment and other revenue increased primarily reflecting improved seed capital results.
•Net interest income increased 20%, primarily reflecting the reinvestment of investment securities at higher yields and balance sheet growth, partially offset by deposit margin compression.
•Provision for credit losses was a benefit of $8 million, primarily reflecting improvements in commercial real estate exposure, partially offset by changes in macroeconomic and other factors.
•Noninterest expense increased 7%, primarily reflecting higher revenue-related expenses, investments and employee salary increases, partially offset by efficiency savings.
•Effective tax rate of 21.0%.
Assets under custody and/or administration (“AUC/A”) and Assets under management (“AUM”)
•AUC/A increased 12%, primarily reflecting higher market values and net client inflows, partially offset by the unfavorable impact of a stronger U.S. dollar.
•AUM increased 6%, primarily reflecting higher market values, partially offset by the unfavorable impact of the stronger U.S. dollar and cumulative net outflows.
Capital and liquidity
•$371 million of dividends to common shareholders (a); $1.1 billion of common share repurchases.
•Return on common equity (“ROE”) – 17.2%.
•Return on tangible common equity (“ROTCE”) – 31.3% (b).
•Common Equity Tier 1 (“CET1”) ratio – 11.0%; Tier 1 leverage ratio – 5.9%.
•Average liquidity coverage ratio (“LCR”) – 111%; 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 2Q26 Financial Results
SECURITIES SERVICES BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M)2Q26 vs.
2Q261Q262Q251Q262Q25
Investment services fees:
Asset Servicing$1,209 $1,170 $1,082 3%12%
Issuer Services463 278 376 6723
Total investment services fees1,672 1,448 1,458 1515
Foreign exchange revenue203 196 175 416
Other fees (a)
77 74 60 428
Total fee revenue1,952 1,718 1,693 1415
Investment and other revenue94 203 94 N/MN/M
Total fee and other revenue2,046 1,921 1,787 714
Net interest income782 757 675 3 16 
Total revenue2,828 2,678 2,462 615
Provision for credit losses(5)(11)(13)N/MN/M
Noninterest expense1,722 1,648 1,605 4 7 
Income before taxes$1,111 $1,041 $870 7%28%
Total revenue by line of business:
Asset Servicing$2,121 $2,170 $1,858 (2)%14%
Issuer Services707 508 604 39 17 
Total revenue by line of business$2,828 $2,678 $2,462 6%15%
Pre-tax operating margin39.3%38.9%35.3%
Securities lending revenue (b)
$78 $72 $56 8%39%
Metrics:
Average loans$13,180 $12,265 $11,327 7%16%
Average deposits$194,183 $197,789 $185,823 (2)%4%
AUC/A at period end (in trillions) (current period is preliminary) (c)
$45.3 $42.7 $39.9 6%14%
Market value of securities on loan at period end (in billions) (d)
$645 $629 $516 3%25%
(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 $2.2 trillion at June 30, 2026, $2.1 trillion at March 31, 2026 and $2.0 trillion at June 30, 2025.
(d)    Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY acts as agent on behalf of CIBC Mellon clients, which totaled $71 billion at June 30, 2026, $73 billion at March 31, 2026 and $68 billion at June 30, 2025.


KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below.
•Asset Servicing – The year-over-year increase primarily reflects higher net interest income, client activity, market values and foreign exchange revenue. The sequential decrease primarily reflects the impact of 1Q26 investment gains, partially offset by higher client activity, net interest income and market values.
•Issuer Services – The year-over-year increase primarily reflects higher Corporate Trust revenue. The sequential increase reflects higher Depositary Receipts and Corporate Trust revenue.
•Noninterest expense increased year-over-year primarily reflecting higher revenue-related expenses, investments and employee salary increases, partially offset by efficiency savings. The sequential increase primarily reflects higher revenue-related expenses and employee salary increases, partially offset by efficiency savings.
3
BNY 2Q26 Financial Results
MARKET AND WEALTH SERVICES BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M)2Q26 vs.
2Q261Q262Q251Q262Q25
Investment services fees:
Wealth Solutions$551 $544 $525 1%5%
Payments and Trade224 220 209 2 7 
Clearance and Collateral Management453 430 385 5 18 
Total investment services fees1,228 1,194 1,119 3 10 
Foreign exchange revenue34 36 30 (6)13 
Other fees (a)
71 70 63 1 13 
Total fee revenue1,333 1,300 1,212 3 10 
Investment and other revenue26 21 36 N/MN/M
Total fee and other revenue1,359 1,321 1,248 3 9 
Net interest income611 571 506 7 21 
Total revenue1,970 1,892 1,754 4 12 
Provision for credit losses(2)(6)(6)N/MN/M
Noninterest expense948 937 912 1 4 
Income before taxes$1,024 $961 $848 7%21%
Total revenue by line of business:
Wealth Solutions$806 $783 $751 3%7%
Payments and Trade571 545 490 5 17 
Clearance and Collateral Management593 564 513 5 16 
Total revenue by line of business$1,970 $1,892 $1,754 4%12%
Pre-tax operating margin52.0%50.8%48.4%
Metrics:
Average loans$56,258 $52,921 $44,262 6%27%
Average deposits$102,606 $103,043 $96,574 —%6%
AUC/A at period end (in trillions) (current period is preliminary) (b)
$16.9 $16.5 $15.6 2%8%
(a)    Other fees primarily include financing-related fees.
(b)    Consists of AUC/A from the Clearance and Collateral Management and Wealth Solutions lines of business.


KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below.
•Wealth Solutions – The year-over-year and sequential increases primarily reflect higher net interest income, market values and client activity.
•Payments and Trade – 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 and sequential increases primarily reflect higher collateral balances, clearance volumes and net interest income.
•Noninterest expense increased year-over-year primarily reflecting higher investments, revenue-related expenses and employee salary increases, partially offset by efficiency savings and the absence of 2Q25 litigation reserves. The sequential increase primarily reflects higher revenue-related expenses, partially offset by efficiency savings.
4
BNY 2Q26 Financial Results
INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M)2Q26 vs.
2Q261Q262Q251Q262Q25
Investment management fees$793 $785 $748 1%6%
Performance fees3 1 10 N/MN/M
Investment management and performance fees796 786 758 1 5 
Distribution and servicing fees71 70 69 1 3 
Other fees (a)
(87)(83)(76)N/MN/M
Total fee revenue780 773 751 1 4 
Investment and other revenue (b)
29 (1)9 N/MN/M
Total fee and other revenue (b)
809 772 760 5 6 
Net interest income54 53 41 2 32 
Total revenue863 825 801 5 8 
Provision for credit losses(5)9 — N/MN/M
Noninterest expense686 726 653 (6)5 
Income before taxes$182 $90 $148 102%23%
Total revenue by line of business:
Investment Management$577 $550 $543 5%6%
Wealth Management286 275 258 4 11 
Total revenue by line of business$863 $825 $801 5%8%
Pre-tax operating margin21.1%10.9%18.5%
Metrics:
Average loans$14,410 $14,233 $13,991 1%3%
Average deposits$9,691 $9,592 $9,216 1%5%
AUM (in billions) (current period is preliminary) (c)
$2,226 $2,126 $2,106 5%6%
Wealth Management client assets (in billions) (current period is preliminary) (d)
$348 $339 $339 3%3%
(a)    Other fees primarily include investment services fees.
(b)    Investment and other revenue and total fee and other revenue are net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds.
(c)    Represents assets managed in the Investment and Wealth Management business segment.
(d)    Includes AUM and AUC/A in the Wealth Management line of business.


KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below.
•Investment Management – The year-over-year increase primarily reflects higher market values and improved seed capital results, partially offset by the mix of AUM flows. The sequential increase primarily reflects improved seed capital results.
•Wealth Management – The year-over-year increase primarily reflects higher market values and net interest income, partially offset by changes in product mix. The sequential increase primarily reflects higher market values.
•Noninterest expense increased year-over-year primarily reflecting higher revenue-related expenses, investments and employee salary increases, partially offset by efficiency savings. The sequential decrease primarily reflects lower revenue-related expenses.
5
BNY 2Q26 Financial Results
OTHER SEGMENT

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

(dollars in millions)2Q261Q262Q25
Fee revenue$(29)$(23)$(15)
Investment and other revenue36 50 33 
Total fee and other revenue7 27 18 
Net interest income (expense) (1)(11)(19)
Total revenue6 16 (1)
Provision for credit losses4 1 2 
Noninterest expense83 89 36 
Loss before taxes$(81)$(74)$(39)


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 sequential decrease primarily reflects 1Q26 renewable energy investment gains, partially offset by lower net investment securities losses.

•Noninterest expense increased year-over-year primarily reflecting higher staff expenses and the absence of 2Q25 lower litigation reserves.


6
BNY 2Q26 Financial Results
CAPITAL AND LIQUIDITY

Capital and liquidity ratiosJune 30, 2026March 31, 2026Dec. 31, 2025
Consolidated regulatory capital ratios: (a)
CET1 ratio11.0%11.0%11.9%
Tier 1 capital ratio13.4 13.8 14.6 
Total capital ratio14.2 14.6 15.4 
Tier 1 leverage ratio (a)
5.9 6.0 6.0 
Supplementary leverage ratio (a)
6.3 6.6 6.7 
BNY shareholders’ equity to total assets ratio8.5%8.0%9.4%
BNY common shareholders’ equity to total assets ratio7.6%7.0%8.4%
Average LCR (a)
111%111%112%
Average NSFR (a)
130%131%130%
Book value per common share$58.82 $57.48 $57.36 
Tangible book value per common share – Non-GAAP (b)
$32.81 $31.75 $31.64 
Common shares outstanding (in thousands)
678,504 686,379 688,236 
(a)    Regulatory capital and liquidity ratios for June 30, 2026 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for the periods presented, was the Standardized Approach.
(b)    Tangible book value per common share – Non-GAAP excludes goodwill and intangible assets, net of deferred tax liabilities. See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9 for information on this Non-GAAP measure.


•CET1 capital of $21.6 billion increased compared with March 31, 2026, primarily reflecting capital generated through earnings, partially offset by capital returned through common stock repurchases and dividends. The CET1 ratio was flat compared with March 31, 2026, reflecting the increase in capital, offset by higher risk-weighted assets.

•Tier 1 capital of $26.3 billion, decreased compared with March 31, 2026, primarily reflecting capital returned through common stock repurchases and dividends and a redemption of preferred stock, partially offset by capital generated through earnings. The Tier 1 leverage ratio decreased compared with March 31, 2026, primarily reflecting higher average assets.


NET INTEREST INCOME

Net interest income2Q26 vs.
(dollars in millions; not meaningful - N/M)2Q261Q262Q251Q262Q25
Net interest income$1,446 $1,370 $1,203 6%20%
Add: Tax equivalent adjustment— — 1 N/MN/M
Net interest income, on a fully taxable equivalent (“FTE”) basis – Non-GAAP (a)
$1,446 $1,370 $1,204 6%20%
Average interest-earning assets$397,635 $396,310 $375,542 —%6%
Net interest margin1.45%1.38%1.27%7  bps18  bps
Net interest margin (FTE) – Non-GAAP (a)
1.45%1.38%1.27%7  bps18  bps
(a)    Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP include the tax equivalent adjustments on tax-exempt income. See “Explanation of GAAP and Non-GAAP financial measures” beginning on page 9 for information on this Non-GAAP measure.
bps – basis points.


•Net interest income increased year-over-year primarily reflecting the reinvestment of investment securities at higher yields and balance sheet growth, partially offset by deposit margin compression.

•Sequentially, net interest income increased primarily reflecting the reinvestment of investment securities at higher yields and changes in balance sheet size and mix.
7
BNY 2Q26 Financial Results
THE BANK OF NEW YORK MELLON CORPORATION
Condensed Consolidated Income Statement

(dollars in millions)Quarter endedYear-to-date
June 30, 2026March 31, 2026June 30, 2025June 30, 2026June 30, 2025
Fee and other revenue
Investment services fees$2,909 $2,652 $2,583 $5,561 $4,994 
Investment management and performance fees796 785 758 1,581 1,497 
Foreign exchange revenue229 232 213 461 369 
Financing-related fees64 62 51 126 111 
Distribution and servicing fees38 37 36 75 73 
Total fee revenue4,036 3,768 3,641 7,804 7,044 
Investment and other revenue216 271 184 487 414 
Total fee and other revenue4,252 4,039 3,825 8,291 7,458 
Net interest income
Interest income5,940 5,824 6,602 11,764 12,725 
Interest expense4,494 4,454 5,399 8,948 10,363 
Net interest income1,446 1,370 1,203 2,816 2,362 
Total revenue5,698 5,409 5,028 11,107 9,820 
Provision for credit losses(8)(7)(17)(15)1 
Noninterest expense
Staff1,785 1,888 1,768 3,673 3,602 
Software and equipment569 556 527 1,125 1,040 
Professional, legal and other purchased services441 388 388 829 754 
Sub-custodian and clearing162 151 150 313 281 
Net occupancy143 123 132 266 268 
Distribution and servicing76 73 63 149 128 
Business development68 50 53 118 101 
Bank assessment charges32 24 22 56 60 
Amortization of intangible assets10 9 11 19 22 
Other 153 138 92 291 202 
Total noninterest expense3,439 3,400 3,206 6,839 6,458 
Income
Income before taxes2,267 2,016 1,839 4,283 3,361 
Provision for income taxes 475 386 404 861 704 
Net income1,792 1,630 1,435 3,422 2,657 
Net (income) loss attributable to noncontrolling interests related to consolidated investment management funds(31)2 (12)(29)(14)
Net income applicable to shareholders of The Bank of New York Mellon Corporation1,761 1,632 1,423 3,393 2,643 
Preferred stock dividends(65)(70)(32)(135)(103)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation$1,696 $1,562 $1,391 $3,258 $2,540 


Earnings per share applicable to the common shareholders of The Bank of New York Mellon CorporationQuarter endedYear-to-date
June 30, 2026March 31, 2026June 30, 2025June 30, 2026June 30, 2025
(in dollars)
Basic$2.47 $2.26 $1.95 $4.73 $3.54 
Diluted$2.45 $2.24 $1.93 $4.68 $3.51 

8
BNY 2Q26 Financial Results
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES

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

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

See “Explanation of GAAP and Non-GAAP Financial Measures” in the Financial Supplement available at www.bny.com for additional reconciliations of Non-GAAP measures.

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

Reconciliation of Non-GAAP measures, excluding notable items2Q26 vs.
(dollars in millions, except per share amounts)2Q261Q262Q251Q262Q25
Total revenue – GAAP$5,698 $5,409 $5,028 5%13%
Adjusted total revenue – Non-GAAP$5,698 $5,409 $5,028 5%     13%
Total noninterest expense – GAAP$3,439 $3,400 $3,206 1%7%
Less: Severance expense (a)
6 18 34 
Litigation reserves (a)
2 3 (16)
FDIC special assessment (a)
— (7)(6)
Adjusted total noninterest expense – Non-GAAP$3,431 $3,386 $3,194 1%7%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP$1,696 $1,562 $1,391 9%22%
Less: Severance expense (a)
(5)(14)(27)
Litigation reserves (a)
(2)(3)16 
FDIC special assessment (a)
— 6 5 
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation – Non-GAAP$1,703 $1,573 $1,397 8%22%
Diluted earnings per common share – GAAP$2.45 $2.24 $1.93 9%27%
Less: Severance expense (a)
(0.01)(0.02)(0.04)
Litigation reserves (a)
— — 0.02 
FDIC special assessment (a)
— 0.01 0.01 
Total diluted earnings per common share impact of notable items(0.01)(0.02)(b)(0.01)
Adjusted diluted earnings per common share – Non-GAAP$2.46 $2.25 (b)$1.94 9%27%
Operating leverage – GAAP (c)
419 bps606 bps
Adjusted operating leverage – Non-GAAP (c)
401 bps591 bps
(a)    Severance expense is reflected in Staff expense, Litigation reserves in Other expense, and FDIC special assessment in Bank assessment charges, respectively.
(b)    Does not foot due to rounding.
(c)    Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense.
bps - basis points.
9
BNY 2Q26 Financial Results
Pre-tax operating margin reconciliation
(dollars in millions)2Q261Q262Q25
Income before taxes – GAAP$2,267 $2,016 $1,839 
Less: Impact of notable items (a)
(8)(14)(12)
Adjusted income before taxes, excluding notable items – Non-GAAP$2,275 $2,030 $1,851 
Total revenue – GAAP$5,698 $5,409 $5,028 
Pre-tax operating margin – GAAP (b)
39.8%37.3%36.6%
Adjusted pre-tax operating margin – Non-GAAP (b)
39.9%37.5%36.8%
(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)2Q261Q262Q25
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP$1,696 $1,562 $1,391 
Add: Amortization of intangible assets10 9 11 
Less: Tax impact of amortization of intangible assets3 2 2 
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP$1,703 $1,569 $1,400 
Impact of notable items (a)
(7)(11)(6)
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$1,710 $1,580 $1,406 
Average common shareholders’ equity$39,535 $39,448 $37,892 
Less: Average goodwill16,768 16,774 16,748 
 Average intangible assets2,809 2,819 2,850 
Add: Deferred tax liability – tax deductible goodwill1,225 1,226 1,236 
 Deferred tax liability – intangible assets 659 660 668 
Average tangible common shareholders’ equity – Non-GAAP$21,842 $21,741 $20,198 
Return on common equity – GAAP (b)
17.2%16.1%14.7%
Adjusted return on common equity – Non-GAAP (b)
17.3%16.2%14.8%
Return on tangible common equity – Non-GAAP (b)
31.3%29.3%27.8%
Adjusted return on tangible common equity – Non-GAAP (b)
31.4%29.5%27.9%
(a)    See page 9 for details of notable items and line items impacted.
(b)    Returns are annualized.


CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS

A number of statements in this Earnings Release and in our Financial Supplement may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about our strategic priorities, financial performance and financial targets. Preliminary business metrics and regulatory capital ratios are subject to change, possibly materially, as we complete our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. Forward-looking statements are not guarantees of future results or occurrences, are inherently uncertain and are based upon current beliefs and expectations of future events, many of which are, by their nature, difficult to predict, outside of our control and subject to change.

By identifying these statements for you in this manner, we are alerting you to the possibility that our actual results may differ, possibly materially, from the anticipated results expressed or implied in these forward-looking statements as a result of a number of important factors, including the risk factors and other uncertainties set forth in our Annual Report on Form 10-K for the year ended Dec. 31, 2025 and our other filings with the Securities and Exchange Commission.

You should not place undue reliance on any forward-looking statement. All forward-looking statements speak only as of the date on which they were made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.

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BNY 2Q26 Financial Results
ABOUT BNY

BNY is a global financial services platforms company at the heart of the world’s capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals. As of June 30, 2026, BNY oversees $62.6 trillion in assets under custody and/or administration and $2.2 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BNY). Headquartered in New York City, BNY has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.


CONFERENCE CALL INFORMATION

Robin Vince, Chief Executive Officer, and Dermot McDonogh, Chief Financial Officer, will host a conference call and simultaneous live audio webcast at 11:00 a.m. ET on July 15, 2026. This conference call and audio webcast will include forward-looking statements and may include other material information.

Investors and analysts wishing to access the conference call and audio webcast may do so by dialing +1 800 330-6730 (U.S.) or
+1 646 769-9500 (International), and using the passcode: 200200, or by logging onto www.bny.com/investorrelations. Earnings materials will be available at www.bny.com/investorrelations beginning at approximately 6:30 a.m. ET on July 15, 2026.

An archived version of the second quarter conference call and audio webcast will be available beginning on July 15, 2026 at approximately 3:00 p.m. ET through August 14, 2026 at www.bny.com/investorrelations.
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