The Bank Of New York Mellon Corporation · NYSE:BNY
The Bank Of New York Mellon — Q2 2025 Earnings Presentation
17 slides from The Bank Of New York Mellon's earnings presentation, Jul 15, 2025
Slide 1: 2Q25 Quarterly Update
2Q25 QUARTERLY UPDATE July 15, 2025
Slide 2: 2Q25 Financial Highlights
2Q25 Financial Highlights Revenue: + 9% • Revenue Growth: Revenue of $5.0bn up 9% YoY • Expense Discipline: Expense of $3.2bn up 4% YoY Expenses: + 4% • Margin Expansion: – 495 bps of operating leverage(b) Pre-tax Margin: 37% – Pre-tax margin of 37% up 3%-pts YoY • Improved Profitability: Tier 1 Lev
Slide 3: Mid-year Business Update
Mid-year Business Update Multi-year transformation is gaining momentum with tangible results starting to demonstrate BNY’s medium- to long-term potential • New commercial model starting to show increasing effectiveness Total Revenue Growth Fee Revenue Growth = Organic = All other BE MORE – Two conse
Slide 4: 2Q25 Financial Results
2Q25 Financial Results 2Q25 vs. $mm, except per share data or unless otherwise noted 2Q25 1Q25 2Q24 1Q25 2Q24 Income Statement Investment services fees $2,583 $2,411 $2,359 7% 9% Investment management and performance fees 758 739 761 3 — Foreign exchange revenue 213 156 184 37 16 Other fee revenue 8
Slide 5: Capital and Liquidity
Capital and Liquidity 2Q25 1Q25 2Q24 Consolidated regulatory capital ratios (a) CAPITAL Tier 1 capital ($mm) $25,472 $24,783 $23,006 • Tier 1 leverage ratio of 6.1% down 17bps QoQ Average assets for Tier 1 leverage ratio ($mm) 420,131 397,513 394,672 Tier 1 leverage ratio 6.1% 6.2% 5.8% – Tier 1 cap
Slide 6: Net Interest Income and Balance Sheet Trends
Net Interest Income and Balance Sheet Trends Net Interest Income ($mm) • Net interest income of $1,203mm up 17% YoY and up 4% QoQ 1,194 1,159 1,203 – QoQ increase primarily reflecting the continued reinvestment of maturing 1,030 1,048 investment securities at higher yields and balance sheet growth,
Slide 7: Securities Services
Securities Services Select Income Statement Data 2Q25 vs. • Total revenue of $2,474mm up 10% YoY $mm, unless otherwise noted 2Q25 1Q25 2Q24 – Investment services fees up 10% YoY Asset Servicing $1,094 3% 7% Issuer Services 376 41 17 > Asset Servicing up 7% YoY, primarily Total investment services fe
Slide 8: Market and Wealth Services
Market and Wealth Services Select Income Statement Data 2Q25 vs. • Total revenue of $1,742mm up 13% YoY $mm, unless otherwise noted 2Q25 1Q25 2Q24 – Investment services fees up 9% YoY Pershing $513 2% 8% Clearance and Collateral Management 385 6 14 > Pershing up 8% YoY, primarily reflecting Treasury
Slide 9: Investment and Wealth Management
Investment and Wealth Management Select Income Statement Data 2Q25 vs. • Total revenue of $801mm down 2% YoY $mm, unless otherwise noted 2Q25 1Q25 2Q24(a) – Investment Management down 3% YoY, Investment management fees(a) $748 2% (1)% primarily reflecting the mix of AUM flows and the Performance fee
Slide 10: Other Segment
Other Segment Select Income Statement Data • Total revenue includes corporate treasury and $mm, unless otherwise noted 2Q25 1Q25 2Q24 other investment activity, including hedging Fee revenue $(15) $(28) $(4) activity which has an offsetting impact between Investment and other revenue 33 62 29 fee an
Slide 11: 2025 Financial Outlook Update
2025 Financial Outlook Update ORIGINAL 2025 OUTLOOK 1H25 PERFORMANCE UPDATED 2025 OUTLOOK Net Interest Income Up UpMid-Single-Digits Mid-Single-Digits%%YoY YoY (a) Up 14% YoY Up High-Single-Digits % YoY (a) Fee Revenue Up UpYoY YoY Up 5% YoY Up YoY Expenses Up11–– 2% 2% YoY YoY (b) Up 3% YoY (c) Up
Slide 12: Footnotes
Footnotes Page 5 – Capital and Liquidity (a) Regulatory capital and liquidity ratios for June 30, 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 Ju
Slide 13: Return on Common Equity and Tangible Common Equity Reconciliation
Return on Common Equity and Tangible Common Equity Reconciliation $mm 2Q25 1Q25 2Q24 Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP $1,391 $1,149 $1,143 Add: Amortization of intangible assets 11 11 13 Less: Tax impact of amortization of intangible asse
Slide 14: Reconciliation of Non-GAAP Measures – Impact of Notable Items
Reconciliation of Non-GAAP Measures – Impact of Notable Items 2Q25 vs. YTD25 vs. $mm, except per share amounts 2Q25 1Q25 2Q24 1Q25 2Q24 YTD25 YTD24 YTD24 Total revenue – GAAP $5,028 $4,792 $4,597 5% 9% $9,820 $9,124 8% Less: Disposal gain(a) — 40 — 40 — Adjusted total revenue, ex-notables — Non-GAAP
Slide 15: Reconciliation of Non-GAAP Measures – Impact of Notable Items
Reconciliation of Non-GAAP Measures – Impact of Notable Items 2024 vs. 2023 vs. 2022 vs. $mm 2024 2023 2022 2021 2023 2022 2021 Noninterest expense – GAAP $12,701 $13,295 $13,010 $11,514 (4)% 2% 13% Less: Severance expense(a) 240 267 215 31 Less: Litigation reserves(a) 44 94 134 98 Less: Goodwill im
Slide 16: 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 17: Slide 17
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