The Bank Of New York Mellon Corporation · NYSE:BNY
The Bank Of New York Mellon — Q1 2025 Earnings Presentation
14 slides from The Bank Of New York Mellon's earnings presentation, Apr 11, 2025
Slide 1: 1Q25 Quarterly Update
1Q25 QUARTERLY UPDATE April 11, 2025
Slide 2: 1Q25 Financial Highlights
1Q25 Financial Highlights • Revenue Growth: Revenue of $4.8bn up 6% YoY; up 5%(b) excluding notable items Revenue: + 6% – Investment services fees up 6% YoY – Investment management and performance fees down 5% YoY – Foreign exchange revenue up 3% YoY Expenses: + 2% – Net interest income up 11% YoY •
Slide 3: 1Q25 Financial Results
1Q25 Financial Results 1Q25 vs. $mm, except per share data or unless otherwise noted 1Q25 4Q24 1Q24 4Q24 1Q24 Income Statement Investment services fees $2,411 $2,438 $2,278 (1)% 6% Investment management and performance fees 739 808 776 (9) (5) Foreign exchange revenue 156 177 152 (12) 3 Other fee re
Slide 4: Capital and Liquidity
Capital and Liquidity 1Q25 4Q24 1Q24 Consolidated regulatory capital ratios (a) CAPITAL Tier 1 capital ($mm) $24,783 $23,039 $22,723 • Tier 1 leverage ratio of 6.2% up 50bps QoQ Average assets for Tier 1 leverage ratio ($mm) 397,513 402,069 386,148 Tier 1 leverage ratio 6.2% 5.7% 5.9% – Tier 1 capit
Slide 5: Net Interest Income and Balance Sheet Trends
Net Interest Income and Balance Sheet Trends Net Interest Income ($mm) • Net interest income of $1,159mm up 11% YoY and down 3% QoQ 1,194 1,159 – QoQ decrease primarily reflecting changes in balance sheet size and mix, 1,040 1,030 1,048 partially offset by the continued reinvestment of maturing inve
Slide 6: Securities Services
Securities Services Select Income Statement Data 1Q25 vs. • Total revenue of $2,300mm up 8% YoY $mm, unless otherwise noted 1Q25 4Q24 1Q24 – Investment services fees up 4% YoY Asset Servicing $1,062 2% 5% Issuer Services 267 (9) 2 > Asset Servicing up 5% YoY, primarily Total investment services fees
Slide 7: Market and Wealth Services
Market and Wealth Services Select Income Statement Data 1Q25 vs. • Total revenue of $1,686mm up 11% YoY $mm, unless otherwise noted 1Q25 4Q24 1Q24 – Investment services fees up 8% YoY Pershing $503 (3)% 4% Clearance and Collateral Management 362 (1) 10 > Pershing up 4% YoY, primarily reflecting Trea
Slide 8: Investment and Wealth Management
Investment and Wealth Management Select Income Statement Data 1Q25 vs. • Total revenue of $779mm down 8% YoY $mm, unless otherwise noted 1Q25 4Q24 1Q24 – Investment Management down 12% YoY, Investment management fees(a) $735 (7)% (4)% primarily reflecting the mix of AUM flows, the Performance fees 5
Slide 9: Other Segment
Other Segment Select Income Statement Data • Total revenue includes corporate treasury and $mm, unless otherwise noted 1Q25 4Q24 1Q24 other investment activity, including hedging Fee revenue $(28) $(20) $(17) activity which has an offsetting impact between Investment and other revenue 62 9 47 fee an
Slide 10: Footnotes
Footnotes Page 4 – Capital and Liquidity (a) Regulatory capital and liquidity ratios for March 31, 2025 are preliminary. For our CET1 ratio, 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 M
Slide 11: Return on Common Equity and Tangible Common Equity Reconciliation
Return on Common Equity and Tangible Common Equity Reconciliation $mm 1Q25 4Q24 1Q24 Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $1,149 $1,130 $953 Add: Amortization of intangible assets 11 13 12 Less: Tax impact of amortization of intangible assets
Slide 12: Reconciliation of Non-GAAP Measures – Impact of Notable Items
Reconciliation of Non-GAAP Measures – Impact of Notable Items 1Q25 vs. $mm, except per share amounts 1Q25 4Q24 1Q24 4Q24 1Q24 Total revenue – GAAP $4,792 $4,847 $4,527 (1)% 6% Less: Disposal gain(a) 40 — — Adjusted total revenue, ex-notables — Non-GAAP $4,752 $4,847 $4,527 (2)% 5% Noninterest expens
Slide 13: 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 14: Slide 14
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