The Bank Of New York Mellon Corporation · NYSE:BNY
The Bank Of New York Mellon — Q1 2026 Earnings Presentation
18 slides from The Bank Of New York Mellon's earnings presentation, Apr 16, 2026
Slide 1: 1Q26 Quarterly Update
1Q26 QUARTERLY UPDATE April 16, 2026
Slide 2: 1Q26 Financial Highlights
1Q26 Financial Highlights • Revenue Growth: Revenue of $5.4bn up 13% YoY Revenue: + 13% • Expense Discipline: Expense of $3.4bn up 5% YoY • Margin Expansion: Expenses: + 5% – 833 bps of operating leverage(b) – Pre-tax margin of 37% up 6%-pts YoY Pre-tax Margin: 37% • Improved Profitability: – ROE of
Slide 3: Evolution of AI at BNY
Evolution of AI at BNY With the creation of the BNY AI Hub in 2023, we established the foundation for our ever-accelerating AI evolution Up until 2023 2024 2025 2022 • Built foundation of secure, • Creation of the BNY AI Hub, • Built on-premise GPU • Creation of the resilient and scalable bringing t
Slide 4: Our Vision: AI for Everyone, Everywhere, and Everything
Our Vision: AI for Everyone, Everywhere, and Everything Success in AI adoption and implementation starts with culture CULTURE BREADTH DEPTH • BNY’s cultural transformation of the • 100% of employees have access to • Enhanced security and resilience past few years, including our ongoing cutting-edge
Slide 5: Our Strategy and Execution: Reimagining BNY with AI at our Core
Our Strategy and Execution: Reimagining BNY with AI at our Core Breadth and depth of adoption enables deep AI-integration into our workflows across the entire company INNOVATING PROSPECTING ONBOARDING TRANSACTING STREAMLINING Examples: > 40% ~ 50% ~ 25% ~ 70% > 10% INPUTS Of code authored by Of any
Slide 6: 1Q26 Financial Results
1Q26 Financial Results 1Q26 vs. $mm, except per share data or unless otherwise noted 1Q26 4Q25 1Q25 4Q25 1Q25 Income Statement Investment services fees $2,652 $2,632 $2,411 1% 10% Investment management and performance fees 785 806 739 (3) 6 Foreign exchange revenue 232 171 156 36 49 Other fee revenu
Slide 7: Capital and Liquidity
Capital and Liquidity 1Q26 4Q25 1Q25 Consolidated regulatory capital ratios(a) CAPITAL Tier 1 capital ($mm) $26,441 $25,909 $24,783 • Tier 1 leverage ratio of 6.0% down 3bps QoQ Average assets for Tier 1 leverage ratio ($mm) 443,562 432,803 397,513 Tier 1 leverage ratio 6.0% 6.0% 6.2% – Tier 1 capit
Slide 8: Net Interest Income and Balance Sheet Trends
Net Interest Income and Balance Sheet Trends Net Interest Income ($mm) 1,370 • Net interest income of $1,370mm up 18% YoY and up 2% QoQ 1,346 1,203 1,236 – YoY and QoQ increase primarily reflecting the continued reinvestment of 1,159 investment securities at higher yields and balance sheet growth, p
Slide 9: Securities Services
Securities Services Select Income Statement Data 1Q26 vs. • Total revenue of $2,678mm up 17% YoY $mm, unless otherwise noted 1Q26 4Q25 1Q25 – Investment services fees up 10% YoY Asset Servicing(a) $1,170 2% 11% Issuer Services 278 (16) 4 > Asset Servicing up 11% YoY, primarily Total investment servi
Slide 10: Market and Wealth Services
Market and Wealth Services Select Income Statement Data 1Q26 vs. • Total revenue of $1,892mm up 11% YoY $mm, unless otherwise noted 1Q26 4Q25 1Q25 – Investment services fees up 10% YoY Wealth Solutions(a) $544 5% 6% Clearance and Collateral Management 430 3 19 > Wealth Solutions (formerly Pershing)
Slide 11: Investment and Wealth Management
Investment and Wealth Management Select Income Statement Data 1Q26 vs. • Total revenue of $825mm up 6% YoY $mm, unless otherwise noted 1Q26 4Q25 1Q25 – Investment Management up 6% YoY, primarily Investment management fees $785 (1)% 7% reflecting higher market values and the favorable Performance fee
Slide 12: Other Segment
Other Segment Select Income Statement Data • Total revenue includes corporate treasury and $mm, unless otherwise noted 1Q26 4Q25 1Q25 other investment activity, including hedging Fee revenue $(23) $(21) $(28) activity which has an offsetting impact between Investment and other revenue 50 45 62 fee a
Slide 13: Footnotes
Footnotes Page 5 – Our Strategy and Execution: Reimagining BNY with AI at our Core (b) Revenue per employee, excluding notable items and pre-tax income per employee, excluding notable items represent total revenue, excluding notable items and income before income taxes, excluding notable items, for
Slide 14: Return on Common Equity and Tangible Common Equity Reconciliation
Return on Common Equity and Tangible Common Equity Reconciliation $mm 1Q26 4Q25 1Q25 2025 2024 2023 2022 Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $1,562 $1,427 $1,149 $5,306 $4,336 $3,067 $2,345 Add: Amortization of intangible assets 9 11 11 45 5
Slide 15: Reconciliation of Non-GAAP Measures – Impact of Notable Items
Reconciliation of Non-GAAP Measures – Impact of Notable Items 1Q26 vs. $mm, except per share amounts 1Q26 4Q25 1Q25 4Q25 1Q25 Total revenue – GAAP $5,409 $5,179 $4,792 4% 13% Less: Disposal gains (losses)(a) — — 40 Adjusted total revenue, excluding notable items — Non-GAAP $5,409 $5,179 $4,752 4% 14
Slide 16: Reconciliation of Non-GAAP Measures – 2022-2025
Reconciliation of Non-GAAP Measures – 2022-2025 $mm 2025 2024 2023 2022 Total revenue – GAAP $20,080 $18,619 $17,697 $16,529 Less: Reduction in the fair value of a contingent consideration receivable(a) — — (144) — Less: Disposal gains (losses)(a) 52 — (6) 26 Revenue reduction related to Russia, pri
Slide 17: Cautionary Statement
Cautionary Statement A number of statements in our presentations, the accompanying slides and the responses to questions on our conference call discussing our quarterly results may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, inc
Slide 18: m A
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