Interprétation IA fondée sur des extraits vérifiés. Les déclarations de l’entreprise et les limites de couverture restent explicites.
Méthode quality-scores-2 : six catégories de même poids. Le score global exige une couverture complète. Les données manquantes ne valent pas zéro. Les évaluations qualitatives sont des interprétations sourcées, pas des probabilités. 5/6 · 22/10/2026
Moat—
Insufficient evidence for every rubric criterion; no category score is inferred.
structural advantage · — · Scale and management's platform differentiation claim do not establish superior unit costs, network effects or barriers to replication.
durability · — · Multi-year operating improvements establish performance, but not persistence of a competitive advantage against rivals.
customer dependency · — · Custody dependency and multi-product relationships suggest integration, but no material switching burden is demonstrated.
erosion resilience · — · Actual fee pressure coexists with strong financial growth. The passages cannot establish whether an underlying structural advantage resists erosion.
Pouvoir de fixation des prix50
Equal-weight average of four evidence-backed rubric grades (0–4), scaled to 100.
realized pricing · 1/4 · Investment-services fee pressure and deposit margin compression demonstrate weak pricing outcomes in parts of the business. Fee growth reflects new business, activity and market values; a consolidated price effect is not disclosed.
retention · 2/4 · Indirect repeat-demand evidence is mixed: active clearing accounts, servicing inflows and reported multi-product relationships grow, while long-term investment strategies experience $21 billion of second-quarter outflows. No retention rate or lock-in is inferred.
margin resilience · 3/4 · Third-quarter pre-tax margin improved to 38.5% from 36.4% a year earlier, and year-to-date revenue grew 13% versus 7% expense growth. Sequential margin contraction and favorable reinvestment yields limit attribution to pricing.
contractual freedom · 2/4 · Specified cash-account interest rates can change at BNY's discretion without notice, and surcharge schedules are changeable. Definitive agreements govern service terms, and funds may reduce certain servicing fees. These provisions establish mixed, limited discretion rather than unrestricted custody repricing.
Prévisibilité98
Financial-sector stability over five consecutive reported annual periods: equal weights for nondeclining revenue frequency, revenue-growth volatility (5–40pp), positive consolidated earnings frequency, and net-income/revenue margin volatility (3–20pp). Uses reported accounting scope; not industrial FCF or a growth forecast.
- Nondeclining revenue years (%)
- 100.00
- Revenue growth volatility (pp)
- 1.91
- positiveEarningsShare
- 100.00
- netMarginStdDev
- 4.23
Solidité financière56
Qualitative bank assessment: equal-weight average of four current evidence-backed grades (0–4), scaled to 100. Policy financial-industry-1; not an industrial ratio score or credit rating.
capital adequacy · 2/4 · June TLAC was 27.1% of RWA against a 21.5% buffer-inclusive requirement and 12.8% of leverage exposure against 8.0%. September CET1 fell to 10.9% and Tier 1 leverage to 5.7%. Missing applicable CET1 and leverage requirements prevent a complete headroom assessment; September ratios are preliminary.
liquidity funding · 2/4 · September average LCR of 111% and NSFR of 129%, together with June adjusted HQLA of $186 billion, support liquidity. Average deposits rose 4% year over year but fell 1% sequentially. Funding concentration and uninsured-deposit data are absent.
asset liability risk · 2/4 · September nonperforming assets of $37 million and no quarterly net charge-offs demonstrate favorable credit performance. After-tax unrealized AFS losses of $1.468 billion and HTM losses of $3.180 billion indicate meaningful valuation exposure. Full interest-rate sensitivities are absent.
earnings resilience · 3/4 · Year-to-date common earnings increased 25% to $4.866 billion, while the supplied 2021–2025 GAAP common earnings history remains positive. Third-quarter common earnings declined sequentially, and current results benefit from market activity, asset values and reinvestment yields. Exceptional through-cycle resilience is unproven.
Allocation du capital56
Qualitative bank assessment: equal-weight average of four current evidence-backed grades (0–4), scaled to 100. Policy financial-industry-1; not an industrial ratio score or credit rating.
capital efficiency · 3/4 · Third-quarter annualized GAAP common ROE of 16.0% and improvement from 6.5% in 2022 to 13.9% in 2025 demonstrate stronger equity efficiency. Quarterly ROTCE of 29.0% uses a tangible-equity scope and is not interchangeable with GAAP ROE. Distributions and leverage also influence returns.
distributions and buffers · 2/4 · Third-quarter common dividends of $436 million and repurchases of $937 million were supported by earnings, with an 86% year-to-date payout. Distributions and AOCI deterioration reduced CET1 capital. June TLAC exceeded disclosed buffers, but missing applicable CET1 requirements limit assessment of remaining capital capacity.
dilution and cost · 2/4 · Outstanding common shares declined to 672.898 million from 688.236 million at year-end despite 6.774 million employee-related shares issued year to date. Repurchases offset dilution while consuming capital. Total stock-compensation expense and complete financing economics are not supplied.
investment discipline · 2/4 · First-half purchases of premises, equipment and capitalized software increased to $1.104 billion from $679 million while earnings and operating leverage improved. Aggregate outcomes support a mixed assessment, but do not establish individual project returns or acquisition discipline.
Qualité du management63
Equal-weight average of four evidence-backed rubric grades (0–4), scaled to 100.
capital discipline · 2/4 · Earnings growth and declining shares support discipline, but an 86% year-to-date payout and AOCI deterioration reduced CET1 capital. First-half investment spending increased materially without separately demonstrated project returns.
incentive alignment · 2/4 · Deferred equity, three-year PSU metrics and clawbacks support alignment. The actual December 2025 retention grant includes $25 million of RSUs and 869,263 options with service-dependent vesting after five and six years. Compensation discretion and this service-based award temper alignment; future vesting and ownership compliance remain unverified.
execution · 3/4 · Multi-year operating leverage and 2026 earnings growth demonstrate execution, supported by new business and client activity. Attribution to specific initiatives is indirect, and market values and reinvestment yields also contribute.
governance · 3/4 · Annual elections, majority voting, written consent, proxy access, independent board leadership and independent Risk and Audit Committees provide concrete safeguards. Combined chairman and CEO roles limit separation; effectiveness is not independently established.
Preuves
BNY has a unique combination of market-leading businesses that together represent a set of highly adjacent financial services platforms operating at the center of global financial markets—difficult to replicate at scale and increasingly valuable to our clients.
Introduction; management characterization of platform differentiation · Dépôt 05/03/2026
Our competitive position may be affected by institutions that are not similarly subject to extensive regulation, such as financial technology firms, and as further technological advances enable more companies, such as financial technology firms, to provide financial services.
Business; competition from financial technology firms · Dépôt 25/02/2026
We will continue to work with multinational clients that depend on our custody and recordkeeping services to manage their exposures.
Business exposure discussion; custody and recordkeeping dependency · Dépôt 31/07/2026
The HRC Committee approved compensation that recognizes our leadership team’s success in advancing key initiatives in 2025: • Serving Our Clients as One BNY: Achieved record sales performance, growth in the number of multi-product client relationships, and successful new client acquisitions; made continued investments in our new commercial model, including senior talent across target countries and client segments, training and tooling.
Compensation discussion; reported multi-product relationships and client acquisitions · Dépôt 05/03/2026
platform) (in thousands)
299
391
352
285
269
(24)
Average active clearing accounts (in thousands)
8,832
8,730
8,601
8,487
8,387
Payments and Trade
Average daily U.S.
Market and Wealth Services; active clearing accounts · Dépôt 15/10/2026
•AUC/A increased 10%, primarily reflecting higher market values, net client inflows and net new business, partially offset by the unfavorable impact of a stronger U.S.
Assets under custody and administration; growth drivers · Dépôt 15/10/2026
Net long-term strategy outflows were $21 billion in the second quarter of 2026, driven by liability-driven, index and equity investments, partially offset by inflows of fixed income investments.
Investment and Wealth Management; long-term strategy outflows · Dépôt 31/07/2026
These dynamics are also negatively impacting our investment services fees.
Securities Services; adverse investment-services fee trends · Dépôt 31/07/2026
From 2022-2025, annualized adjusted revenue growth of 6%(1), in combination with annualized adjusted noninterest-expense growth of 3%(1), generated positive operating leverage, pre-tax margin expansion, improved profitability, and annualized operating earnings per share (“EPS”) growth of 18%(1).
Compensation discussion; 2022–2025 adjusted operating performance · Dépôt 05/03/2026
YTD26 vs.
3Q26
2Q26
1Q26
4Q25
3Q25
2Q26
3Q25
YTD26
YTD25
YTD25
Selected income statement data
Fee and other revenue
$
4,253
$
4,252
$
4,039
$
3,833
$
3,845
—
%
11
%
$
12,544
$
11,303
11
%
Net interest income
1,423
1,446
1,370
1,346
1,236
(2)
15
4,239
3,598
18
Total revenue
5,676
5,698
5,409
5,179
5,081
—
12
16,783
14,901
13
Provision for credit losses
1
(8)
(7)
(26)
(7)
N/M
N/M
(14)
(6)
N/M
Noninterest expense
3,489
3,439
3,400
3,360
3,236
1
8
10,328
9,694
7
Income before income taxes
2,186
2,267
2,016
1,845
1,852
(4)
18
6,469
5,213
24
Provision for income taxes
499
475
386
376
395
5
26
1,360
1,099
24
Net income
$
1,687
$
1,792
$
1,630
$
1,469
$
1,457
(6)
%
16
%
$
5,109
$
4,114
24
%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation
$
1,608
$
1,696
$
1,562
$
1,427
$
1,339
(5)
%
20
%
$
4,866
$
3,879
25
%
Diluted earnings per common share
Closing stock price per common share
$
144.63
$
144.61
$
118.63
$
116.09
$
108.96
Market capitalization
$
97,321
$
98,118
$
81,425
$
79,897
$
75,983
Common shares outstanding (in thousands)
672,898
678,504
686,379
688,236
697,349
Capital ratios at period end (d)
Common Equity Tier 1 (“CET1”) ratio
10.9
%
11.0
%
11.0
%
11.9
%
11.7
%
Tier 1 capital ratio
13.1
%
13.4
%
13.8
%
14.6
%
14.4
%
Total capital ratio
13.8
%
14.2
%
14.6
%
15.4
%
15.3
%
Tier 1 leverage ratio
5.7
%
5.9
%
6.0
%
6.0
%
6.1
%
Supplementary leverage ratio (“SLR”)
6.0
%
6.3
%
6.6
%
6.7
%
6.7
%
(a) Non-GAAP information, for all periods presented, excludes goodwill and intangible assets, net of deferred tax liabilities.
Consolidated financial highlights; quarterly and year-to-date earnings, expenses and shares · Dépôt 15/10/2026
AUC/A (in trillions)
$
63.4
1
%
10
%
AUM (in trillions)
$
2.2
(2)
%
2
%
Financial ratios:
3Q26
2Q26
3Q25
Pre-tax operating margin
38.5
%
39.8
%
36.4
%
ROE
16.0
%
17.2
%
13.7
%
ROTCE (a)
29.0
%
31.3
%
25.6
%
Capital ratios:
Tier 1 leverage ratio
5.7
%
5.9
%
6.1
%
CET1 ratio
10.9
%
11.0
%
11.7
%
HIGHLIGHTS
Results
•Total revenue of $5.7 billion, increased 12%
Third-quarter highlights; custody scale, margins, returns and capital ratios · Dépôt 15/10/2026
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.
Net interest income; reinvestment yields and deposit margin compression · Dépôt 15/10/2026
•Fee revenue increased 12%, primarily reflecting net new business, higher client activity and higher market values, partially offset by the mix of AUM flows.
Consolidated revenue; fee growth drivers · Dépôt 15/10/2026
Interest rates can change from time to time without notice at the discretion of BNY.
Asset Servicing compensation; discretion over cash-account interest rates · Consulté 19/10/2026
Please note the Surcharge Fee Schedules are subject to change and can be requested at any time.
Asset Servicing compensation; surcharge fee schedule changes · Consulté 19/10/2026
Nature of BNY’s role
The terms of any products or services provided by BNY to a client, including without limitation any administrative, valuation, trade execution or other services shall be solely determined by the definitive agreement relating to such products or services.
Nature of BNY's role; definitive client agreement controls terms · Consulté 19/10/2026
Depending on market conditions, a fund may reduce the shareholder servicing fee paid.
Cash-sweep shareholder servicing fees; possible reductions by funds · Consulté 19/10/2026
• Deferred Equity: Drives sustained performance, representing 80% of total incentive for our CEO and 70% for other NEOs, awarded as: • Performance Share Units (“PSUs”): 60% of total incentive for CEO and 45% for other NEOs-driving multi-year performance and shareholder value.
Executive compensation; deferred equity and PSU proportions · Dépôt 05/03/2026
The HRC Committee determined that the earnout for the 2026 PSU grants (granted in 2026 for 2025 performance) will continue to be based on the company’s return on Adjusted ROTCE and relative TSR over a three-year performance period (2026-2028).
Executive compensation; 2026 PSU performance measures and period · Dépôt 05/03/2026
Commencing with the 2025 performance year, the HRC Committee determined not to maintain a target total compensation structure for our NEOs to provide more flexibility and to better align our executive compensation program with the company’s most comparable peers.
Executive compensation; removal of target total compensation structure · Dépôt 05/03/2026
Grant Value and Components • Equity awards granted to Chairman and CEO Robin Vince in December 2025, as disclosed in our Form 8-K filed December 11, 2025.
CEO retention award; actual December 2025 grant · Dépôt 05/03/2026
• Consists of RSUs with a grant date value of $25 million and 869,263 stock options, granted under the 2023 Long-Term Incentive Plan.
CEO retention award; RSU value and option count · Dépôt 05/03/2026
Vesting and Service Condition • Both RSUs and options vest in two equal installments on the 5th and 6th anniversaries of the grant date.
CEO retention award; fifth- and sixth-anniversary vesting · Dépôt 05/03/2026
• Vesting is contingent on Mr. Vince’s continued employment through each vesting date.
CEO retention award; continued-employment condition · Dépôt 05/03/2026
In addition, each NEO’s equity awards are subject to 100% forfeiture during the vesting period and clawback following settlement of such awards, and NEOs’ cash incentive awards are subject to 100% clawback, in each case based on ongoing risk assessments, under our comprehensive clawback policies.
Executive compensation; forfeiture and clawback provisions · Dépôt 05/03/2026
Robust Stockholder Rights Active, Independent Board Our Culture • Annual election of directors • Special meeting rights for stockholders, individually or in a group, holding 20% of our outstanding common stock • Written consent rights that allow stockholders representing at least the minimum number of votes that would be necessary to take action at a meeting to take the action without formally meeting • Proxy access allows stockholders, individually or in a group of up to 20, holding 3% of our outstanding stock for at least three years, to nominate up to 20% of the Board • Majority voting in uncontested director elections (each director must be elected by a majority of votes cast) • A director who does not receive a majority of votes cast is required to tender his or her resignation upon certification of the vote • No supermajority voting: Stockholder actions require only a majority of votes cast (not a majority of shares present and entitled to vote) • No “poison pill” (stockholders’ rights plan) • Independent board comprised solely of independent directors, other than our CEO, who meet in regular executive sessions without management • Strong independent board leadership: A strong independent lead director (“Lead Director”) appointed by the independent directors acts as a key liaison between independent directors and the Chairman of the Board and CEO • The Lead Director role is robust with clear and comprehensive duties, including approving board agendas, authority to call special meetings of the independent directors, and setting agendas for executive sessions and meetings of the independent directors.
Governance; shareholder rights, board independence and lead director powers · Dépôt 05/03/2026
The Risk Committee and Audit Committee, which consist entirely of independent directors, provide focused oversight of enterprise risk, regulatory relationships, compliance, financial accuracy, and internal controls.
Governance; independent Risk and Audit Committees · Dépôt 05/03/2026
Robin Vince 54 Mr. Vince has served as Chairman of BNY’s Board of Directors since September 2025 and as President and Chief Executive Officer of BNY since September 2022.
Executive officers; combined chairman and CEO roles · Dépôt 25/02/2026
TLAC and LTD ratios June 30, 2026 Minimum required Minimum ratios with buffers Ratios Eligible external TLAC: As a percentage of RWA 18.0 % 21.5 % 27.1 % As a percentage of total leverage exposure 7.5 % 8.0 % 12.8 % Eligible external LTD: As a percentage of RWA 7.5 % N/A 12.6 % As a percentage of total leverage exposure 2.5 % 3.0% 5.9 % N/A – Not applicable.
Capital; TLAC and external long-term debt ratios and requirements · Dépôt 31/07/2026
30, 2026
June 30, 2026
Dec. 31, 2025
Consolidated regulatory capital ratios: (a)
CET1 ratio
10.9
%
11.0
%
11.9
%
Tier 1 capital ratio
13.1
13.4
14.6
Total capital ratio
13.8
14.2
15.4
Tier 1 leverage ratio (a)
5.7
5.9
6.0
Supplementary leverage ratio (a)
6.0
6.3
6.7
BNY shareholders’ equity to total assets ratio
8.8
%
8.5
%
9.4
%
BNY common shareholders’ equity to total assets ratio
8.0
%
7.6
%
8.4
%
Average LCR (a)
111
%
111
%
112
%
Average NSFR (a)
129
%
130
%
130
%
Book value per common share
$
58.43
$
58.82
$
57.36
Tangible book value per common share – Non-GAAP (b)
$
32.22
$
32.81
$
31.64
Common shares outstanding (in thousands)
672,898
678,504
688,236
(a) Regulatory capital and liquidity ratios for Sept.
Capital and liquidity; September ratios, book values and outstanding shares · Dépôt 15/10/2026
30, 2026 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S.
Capital and liquidity; preliminary September ratio qualification · Dépôt 15/10/2026
•CET1 capital of $21.0 billion decreased compared with June 30, 2026, primarily reflecting capital returned through common stock repurchases and dividends and a decline in accumulated other comprehensive income, partially offset by capital generated through earnings.
Capital; earnings, distributions and AOCI effects on CET1 · Dépôt 15/10/2026
After haircuts and the impact of trapped liquidity, consolidated HQLA totaled $186 billion at June 30, 2026 and $223 billion at March 31, 2026, and averaged $142 billion for the second quarter of 2026 and $150 billion for the first quarter of 2026.
Liquidity; HQLA after haircuts and trapped-liquidity adjustments · Dépôt 31/07/2026
•Diluted EPS of $2.34, increased 24%
Profitability
•Pre-tax operating margin of 38.5%
•ROTCE of 29.0% (a)
Balance sheet
•Average deposits of $311 billion, increased 4% year-over-year and decreased 1% sequentially
Third-quarter highlights; average deposits and margin · Dépôt 15/10/2026
30
June 30
March 31
Dec. 31
Sept. 30
Allowance for credit losses – beginning of period:
Allowance for loan losses
$
222
$
237
$
245
$
272
$
275
Allowance for lending-related commitments
90
85
74
63
70
Allowance for other financial instruments (a)
27
25
25
33
34
Allowance for credit losses – beginning of period
$
339
$
347
$
344
$
368
$
379
Net (charge-offs) recoveries:
Charge-offs
—
(1)
(1)
—
(5)
Recoveries
—
1
11
2
1
Total net (charge-offs) recoveries
—
—
10
2
(4)
Provision for credit losses (b)
1
(8)
(7)
(26)
(7)
Allowance for credit losses – end of period
$
340
$
339
$
347
$
344
$
368
Allowance for credit losses – end of period:
Allowance for loan losses
$
220
$
222
$
237
$
245
$
272
Allowance for lending-related commitments
94
90
85
74
63
Allowance for other financial instruments (a)
26
27
25
25
33
Allowance for credit losses – end of period
$
340
$
339
$
347
$
344
$
368
Allowance for loan losses as a percentage of total loans
0.25
%
0.25
%
0.23
%
0.30
%
0.36
%
Nonperforming assets
$
37
$
33
$
69
$
143
$
160
(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.
Allowance for credit losses and nonperforming assets · Dépôt 15/10/2026
YTD26 vs.
(dollars in millions)
3Q26
2Q26
1Q26
4Q25
3Q25
2Q26
3Q25
YTD26
YTD25
YTD25
Revenue:
Investment services fees:
Asset Servicing
$
1,264
$
1,209
$
1,170
$
1,146
$
1,129
5
%
12
%
$
3,643
$
3,261
12
%
Issuer Services
449
463
278
331
313
(3)
43
1,190
956
24
Total investment services fees
1,713
1,672
1,448
1,477
1,442
2
19
4,833
4,217
15
Foreign exchange revenue
171
203
196
142
143
(16)
20
570
454
26
Other fees (a)
78
77
74
68
73
1
7
229
198
16
Total fee revenue
1,962
1,952
1,718
1,687
1,658
1
18
5,632
4,869
16
Investment and other revenue
93
94
203
62
119
N/M
N/M
390
353
N/M
Total fee and other revenue
2,055
2,046
1,921
1,749
1,777
—
16
6,022
5,222
15
Net interest income
765
782
757
735
670
(2)
14
2,304
1,975
17
Total revenue
2,820
2,828
2,678
2,484
2,447
—
15
8,326
7,197
16
Provision for credit losses
4
(5)
(11)
(13)
(3)
N/M
N/M
(12)
(8)
The after-tax unrealized loss, net of hedges, related to available-for-sale securities was $1,468 million, and the after-tax unrealized loss related to held-to-maturity securities was $3,180 million.
Investment securities; after-tax AFS and HTM unrealized losses · Dépôt 15/10/2026
110 BNY 2026 PROXY STATEMENT Table of Contents ANNEX A: NON-GAAP RECONCILIATIONS Return on common equity and return on tangible common equity reconciliation (dollars in millions) 2025 2024 2023 2022 2021(a) 2025 vs 2024 Net income applicable to common shareholders of The Bank of New York Mellon Corporation—GAAP $ 5,306 $ 4,336 $ 3,067 $ 2,345 $ 3,552 Add: Amortization of intangible assets 45 50 57 67 82 Less: Tax impact of amortization of intangible assets 11 12 14 16 20 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets—Non-GAAP $ 5,340 $ 4,374 $ 3,110 $ 2,396 $ 3,614 Reduction in the fair value of a contingent consideration receivable(b) — — (144 ) — — Disposal gain (loss)(b) 41 — (5 ) (12 ) — Revenue reduction related to Russia, primarily accelerated amortization of deferred costs for depositary receipt services(c) — — — (67 ) — Net loss from repositioning the securities portfolio(b) — — — (343 ) — Severance expense(d) (165 ) (183 ) (205 ) (166 ) — Litigation reserves(d) 7 (41 ) (91 ) (125 ) — FDIC special assessment(d) 48 48 (482 ) — — Goodwill impairment — — — (665 ) — Notable items in 2021 include litigation reserves, severance expense and gains on disposals — — — — (85 ) 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 $ 5,409 $ 4,550 $ 4,037 $ 3,774 $ 3,699 Average common shareholders’ equity $ 38,167 $ 36,413 $ 35,767 $ 36,067 $ 39,695 Less: Average goodwill 16,733 16,316 16,204 17,060 17,492 Average intangible assets 2,842 2,839 2,880 2,939 2,979 Add: Deferred tax liability—tax deductible goodwill 1,227 1,221 1,205 1,181 1,178 Deferred tax liability—intangible assets 662 665 657 660 676 Average tangible common shareholders’ equity—Non-GAAP $ 20,481 $ 19,144 $ 18,545 $ 17,909 $ 21,078 Return on common equity—GAAP 13.9% 11.9% 8.6% 6.5% 8.9% 199 bps Adjusted return on common equity—Non-GAAP 14.1% 12.4% 11.2% 10.3% 9.2% 169 bps Return on tangible common equity—Non-GAAP 26.1% 22.8% 16.8% 13.4% 17.1% 323 bps Adjusted return on tangible common equity—Non-GAAP 26.4% 23.8% 21.8% 21.1% 17.6% 265 bps Three-year average adjusted return on tangible common shareholders’ equity—Non-GAAP 24.0% (a) Results for 2021 were not restated to reflect the retrospective application of adopting new accounting guidance in 2024 related to our investments in renewable energy projects using the proportional amortization method (Accounting Standards Update 2023-02).
Annex A; 2021–2025 GAAP earnings and equity-return reconciliation · Dépôt 05/03/2026
•Tier 1 leverage ratio of 5.7%, decreased 42 bps year-over-year and 24 bps sequentially
Capital distribution
•Returned $1.4 billion of capital to common shareholders
•$436 million of dividends
•$937 million of share repurchases
•Total payout ratio of 86% year-to-date
Third-quarter highlights; actual distributions and year-to-date payout · Dépôt 15/10/2026
YTD26 vs.
3Q26
2Q26
1Q26
4Q25
3Q25
2Q26
3Q25
YTD26
YTD25
YTD25
Revenue
Investment services fees
$
2,973
$
2,909
$
2,652
$
2,632
$
2,585
2
%
15
%
$
8,534
$
7,579
13
%
Investment management and performance fees
803
796
785
806
782
1
3
2,384
2,279
5
Foreign exchange revenue
198
229
232
171
166
(14)
19
659
535
23
Financing-related fees
66
64
62
53
67
3
(1)
192
178
8
Distribution and servicing fees
38
38
37
36
37
—
3
113
110
3
Total fee revenue
4,078
4,036
3,768
3,698
3,637
1
12
11,882
10,681
11
Investment and other revenue
175
216
271
135
208
N/M
N/M
662
622
N/M
Total fee and other revenue
4,253
4,252
4,039
3,833
3,845
—
11
12,544
11,303
11
Net interest income
1,423
1,446
1,370
1,346
1,236
(2)
15
4,239
3,598
18
Total revenue
5,676
5,698
5,409
5,179
5,081
—
12
16,783
14,901
13
Provision for credit losses
983
$
1,045
$
849
(15)
%
10
%
3,023
2,490
21
%
Total capital returned to common shareholders
$
1,373
$
1,474
$
1,359
$
1,422
$
1,230
(7)
%
12
%
$
4,206
$
3,560
18
%
Total payout ratio (b)
85
%
87
%
87
%
100
%
92
%
86
%
92
%
Employee issuance
Shares issued related to employee stock-based compensation awards and employee benefit plans
233
141
6,400
337
384
N/M
N/M
6,774
6,996
(3)
%
(a) Includes dividend equivalents on share-based awards.
Income statement and capital return disclosures; employee share issuance · Dépôt 15/10/2026
48 BNY The Bank of New York Mellon Corporation (and its subsidiaries) Consolidated Statement of Cash Flows (unaudited) Six months ended June 30, (in millions) 2026 2025 Operating activities Net income $ 3,422 $ 2,657 Net (income) loss attributable to noncontrolling interests (29) (14) Net income applicable to shareholders of The Bank of New York Mellon Corporation 3,393 2,643 Adjustments to reconcile net income to net cash provided by (used for) operating activities: Provision for credit losses (15) 1 Pension plan contributions (2) (1) Depreciation and amortization 813 872 Deferred tax expense (benefit) (81) 203 Net investment securities losses 75 35 Change in trading assets and liabilities (3,527) 2,633 Change in accruals and other, net (1,207) (3,777) Net cash provided by (used for) operating activities (551) 2,609 Investing activities Net change in: Interest-bearing deposits with banks (965) (576) Interest-bearing deposits with the Federal Reserve and other central banks (24,011) (42,122) Federal funds sold and securities purchased under resale agreements (4,049) (4,377) Held-to-maturity securities: Purchases (5,135) (2,394) Proceeds from paydowns and maturities 5,268 3,383 Available-for-sale securities: Purchases (19,421) (18,730) Proceeds from sales 5,939 5,119 Proceeds from paydowns and maturities 7,217 7,517 Net change in loans (8,204) (1,366) Purchases of premises and equipment/capitalized software (1,104) (679) Other, net (1,047) (325) Net cash provided by (used for) investing activities (45,512) (54,550) Financing activities Net change in: Deposits 39,890 49,282 Federal funds purchased and securities sold under repurchase agreements 7,130 1,353 Payables to customers and broker-dealers 3,862 1,200 Commercial paper 2,813 2,061 Other borrowed funds 40 45 Net proceeds from the issuance of long-term debt 3,043 5,737 Repayments, redemptions and repurchases of long-term debt (4,203) (3,859) Issuance of common stock 10 9 Treasury stock acquired (2,086) (1,641) Issuance of preferred stock 495 988 Preferred stock redemption (583) — Cash dividends paid (887) (792) Other, net (3) 22 Net cash provided by (used for) financing activities 49,521 54,405 Effect of exchange rate changes on cash (33) 273 Change in cash and due from banks and restricted cash Change in cash and due from banks and restricted cash 3,425 2,737 Cash and due from banks and restricted cash at beginning of period 7,959 5,577 Cash and due from banks and restricted cash at end of period $ 11,384 $ 8,314 Cash and due from banks and restricted cash Cash and due from banks at end of period (unrestricted cash) $ 7,483 $ 5,699 Restricted cash at end of period 3,901 2,615 Cash and due from banks and restricted cash at end of period $ 11,384 $ 8,314 Supplemental disclosures Interest paid $ 9,004 $ 10,275 Income taxes paid 626 702 Income taxes refunded 266 11 See accompanying unaudited Notes to Consolidated Financial Statements.
Consolidated cash flows; investment spending, financing and distributions · Dépôt 31/07/2026
Our Securities Services and Market and Wealth Services businesses compete with domestic and international financial services firms that offer custody services, corporate trust services, clearing services, collateral management services, credit services, securities brokerage, foreign exchange services, derivatives, depositary receipt services and integrated cash management solutions and related products, as well as a wide range of technology service providers, such as financial services data processing firms.
Business; generic Securities Services and Market and Wealth Services competitors · Dépôt 25/02/2026
Our Investment and Wealth Management business competes with domestic and international investment management and wealth management firms, hedge funds, investment banking companies and other financial services companies, including trust banks, brokerage firms and insurance companies, as well as a wide range of technology service providers.
Business; generic Investment and Wealth Management competitors · Dépôt 25/02/2026
