The Bank Of New York Mellon Corporation · NYSE:BNY

The Bank Of New York Mellon — Q4 2023 Earnings Presentation

20 slides from The Bank Of New York Mellon's earnings presentation, Jan 12, 2024

  1. Slide 1: Financial Supplement Fourth Quarter 2023

    The Bank of New York Mellon Corporation Financial Supplement Fourth Quarter 2023

  2. Slide 2: Table of Contents

    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

  3. Slide 3: Consolidated Financial Highlights

    THE BANK OF NEW YORK MELLON CORPORATION CONSOLIDATED FINANCIAL HIGHLIGHTS (dollars in millions, except per common share amounts, or unless 4Q23 vs. FY23 vs. otherwise noted) 4Q23 3Q23 2Q23 1Q23 4Q22 3Q23 4Q22 FY23 FY22 FY22 Selected income statement data Fee and other revenue $ 3,210 $ 3,358 $ 3,354

  4. Slide 4: Condensed Consolidated Income Statement

    THE BANK OF NEW YORK MELLON CORPORATION CONDENSED CONSOLIDATED INCOME STATEMENT (dollars in millions, except per share amounts; common shares in 4Q23 vs. FY23 vs. thousands) 4Q23 3Q23 2Q23 1Q23 4Q22 3Q23 4Q22 FY23 FY22 FY22 Revenue Investment services fees $ 2,242 $ 2,230 $ 2,252 $ 2,119 $ 2,173 1%

  5. Slide 5: Condensed Consolidated Balance Sheet

    THE BANK OF NEW YORK MELLON CORPORATION CONDENSED CONSOLIDATED BALANCE SHEET 2023 2022 (in millions) Dec. 31 Sept. 30 June 30 March 31 Dec. 31 Assets Cash and due from banks $ 4,922 $ 4,904 $ 5,720 $ 5,564 $ 5,030 Interest-bearing deposits with the Federal Reserve and other central banks 111,550 107

  6. Slide 6: Fee and Other Revenue

    THE BANK OF NEW YORK MELLON CORPORATION FEE AND OTHER REVENUE 4Q23 vs. FY23 vs. (dollars in millions) 4Q23 3Q23 2Q23 1Q23 4Q22 3Q23 4Q22 FY23 FY22 FY22 Investment services fees $ 2,242 $ 2,230 $ 2,252 $ 2,119 $ 2,173 1% 3% $ 8,843 $ 8,529 4% Investment management and performance fees: Investment man

  7. Slide 7: Average Balances and Interest Rates

    THE BANK OF NEW YORK MELLON CORPORATION AVERAGE BALANCES AND INTEREST RATES 4Q23 3Q23 2Q23 1Q23 4Q22 Average Average Average Average Average Average Average Average Average Average (dollars in millions; average rates are annualized) balance rate balance rate balance rate balance rate balance rate As

  8. Slide 8: Capital and Liquidity

    THE BANK OF NEW YORK MELLON CORPORATION CAPITAL AND LIQUIDITY 2023 2022 (dollars in millions) Dec. 31 Sept. 30 June 30 March 31 Dec. 31 Consolidated regulatory capital ratios (a) Standardized Approach: CET1 capital $ 18,735 $ 18,264 $ 18,127 $ 17,876 $ 18,032 Tier 1 capital 23,064 23,093 22,957 22,7

  9. Slide 9: Securities Services Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION SECURITIES SERVICES BUSINESS SEGMENT 4Q23 vs. FY23 vs. (dollars in millions) 4Q23 3Q23 2Q23 1Q23 4Q22 3Q23 4Q22 FY23 FY22 FY22 Revenue: Investment services fees: Asset Servicing $ 975 $ 984 $ 991 $ 948 $ 971 (1)% —% $ 3,898 $ 3,918 (1)% Issuer Services 285 281

  10. Slide 10: Securities Services Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION SECURITIES SERVICES BUSINESS SEGMENT 4Q23 vs. FY23 vs. (dollars in millions, unless otherwise noted) 4Q23 3Q23 2Q23 1Q23 4Q22 3Q23 4Q22 FY23 FY22 FY22 Selected balance sheet data: Average loans $ 11,366 $ 11,236 $ 11,283 $ 10,939 $ 11,850 1% (4)% $ 11,207 $ 11

  11. Slide 11: Market and Wealth Services Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION MARKET AND WEALTH SERVICES BUSINESS SEGMENT 4Q23 vs. FY23 vs. (dollars in millions) 4Q23 3Q23 2Q23 1Q23 4Q22 3Q23 4Q22 FY23 FY22 FY22 Revenue: Investment services fees: Pershing $ 506 $ 506 $ 496 $ 499 $ 502 —% 1% $ 2,007 $ 1,908 5% Treasury Services 179 172 1

  12. Slide 12: Market and Wealth Services Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION MARKET AND WEALTH SERVICES BUSINESS SEGMENT 4Q23 vs. FY23 vs. (dollars in millions, unless otherwise noted) 4Q23 3Q23 2Q23 1Q23 4Q22 3Q23 4Q22 FY23 FY22 FY22 Selected balance sheet data: Average loans $ 39,200 $ 37,496 $ 36,432 $ 36,854 $ 39,843 5% (2)% $ 37,5

  13. Slide 13: Investment and Wealth Management Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT 4Q23 vs. FY23 vs. (dollars in millions) 4Q23 3Q23 2Q23 1Q23 4Q22 3Q23 4Q22 FY23 FY22 FY22 Revenue: Investment management fees $ 723 $ 746 $ 750 $ 752 $ 754 (3)% (4)% $ 2,971 $ 3,215 (8)% Performance fees 19 30

  14. Slide 14: AUM by Product Type, Changes in AUM and Wealth Management Client Assets

    THE BANK OF NEW YORK MELLON CORPORATION AUM BY PRODUCT TYPE, CHANGES IN AUM AND WEALTH MANAGEMENT CLIENT ASSETS 4Q23 vs. FY23 vs. (dollars in billions) 4Q23 3Q23 2Q23 1Q23 4Q22 3Q23 4Q22 FY23 FY22 FY22 AUM by product type (a)(b): Equity $ 145 $ 133 $ 145 $ 142 $ 135 9% 7% Fixed income 205 190 203 20

  15. Slide 15: Other Segment

    THE BANK OF NEW YORK MELLON CORPORATION OTHER SEGMENT (in millions) 4Q23 3Q23 2Q23 1Q23 4Q22 FY23 FY22 Revenue: Fee revenue $ (17) $ 6 $ (2) $ 3 $ 12 $ (10) $ 61 Investment and other revenue (9) 28 (16) (14) (442) (11) (373) Total fee and other revenue (26) 34 (18) (11) (430) (21) (312) Net interest

  16. Slide 16: Securities Portfolio

    THE BANK OF NEW YORK MELLON CORPORATION SECURITIES PORTFOLIO 4Q23 Dec. 31, 2023 Fair value Ratings (c) Sept. 30, 2023 change in as a % of unrealized Amortized amortized Unrealized % Floating AAA/ A+/ BBB+/ BB+ and Not (dollars in millions) Fair value gain (loss) cost (a) Fair value cost (a) gain (lo

  17. Slide 17: Allowance for Credit Losses and Nonperforming Assets

    THE BANK OF NEW YORK MELLON CORPORATION ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS 2023 2022 (dollars in millions) Dec. 31 Sept. 30 June 30 March 31 Dec. 31 Allowance for credit losses – beginning of period: Allowance for loan losses $ 211 $ 191 $ 170 $ 176 $ 164 Allowance for lending-rela

  18. Slide 18: Explanation of GAAP and Non-GAAP Financial Measures

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

  19. Slide 19: Explanation of GAAP and Non-GAAP Financial Measures

    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 2023 2022 (dollars in millions, except common shares and unless otherwise noted) Dec. 31 Sept. 30 June 30 March 31 Dec. 31 BNY Mellon shareho

  20. Slide 20: Explanation of GAAP and Non-GAAP Financial Measures

    THE BANK OF NEW YORK MELLON CORPORATION EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES Pre-tax operating margin reconciliation - Investment and Wealth Management business segment (dollars in millions) 4Q23 3Q23 2Q23 1Q23 4Q22 FY23 FY22 (Loss) income before income taxes – GAAP $ (5) $ 164 $ 129

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