The Bank Of New York Mellon Corporation · NYSE:BNY

The Bank Of New York Mellon — Q1 2023 Earnings Presentation

20 slides from The Bank Of New York Mellon's earnings presentation, Apr 18, 2023

  1. Slide 1: Financial Supplement First Quarter 2023

    The Bank of New York Mellon Corporation Financial Supplement First 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 1Q23 vs. (dollars in millions, except per common share amounts, or unless otherwise noted) 1Q23 4Q22 3Q22 2Q22 1Q22 4Q22 1Q22 Selected income statement data Fee and other revenue $ 3,235 $ 2,862 $ 3,353 $ 3,430 $ 3,228 13% —%

  4. Slide 4: Condensed Consolidated Income Statement

    THE BANK OF NEW YORK MELLON CORPORATION CONDENSED CONSOLIDATED INCOME STATEMENT 1Q23 vs. (dollars in millions, except per share amounts; common shares in thousands) 1Q23 4Q22 3Q22 2Q22 1Q22 4Q22 1Q22 Revenue Investment services fees $ 2,119 $ 2,173 $ 2,157 $ 2,206 $ 1,993 (2)% 6% Investment manageme

  5. Slide 5: Condensed Consolidated Balance Sheet

    THE BANK OF NEW YORK MELLON CORPORATION CONDENSED CONSOLIDATED BALANCE SHEET 2023 2022 (in millions) March 31 Dec. 31 Sept. 30 June 30 March 31 Assets Cash and due from banks $ 5,564 $ 5,030 $ 4,707 $ 5,185 $ 6,143 Interest-bearing deposits with the Federal Reserve and other central banks 117,042 91

  6. Slide 6: Fee and Other Revenue

    THE BANK OF NEW YORK MELLON CORPORATION FEE AND OTHER REVENUE 1Q23 vs. (dollars in millions) 1Q23 4Q22 3Q22 2Q22 1Q22 4Q22 1Q22 Investment services fees $ 2,119 $ 2,173 $ 2,157 $ 2,206 $ 1,993 (2)% 6% Investment management and performance fees: Investment management fees (a) 754 757 790 828 849 — (1

  7. Slide 7: Average Balances and Interest Rates

    THE BANK OF NEW YORK MELLON CORPORATION AVERAGE BALANCES AND INTEREST RATES 1Q23 4Q22 3Q22 2Q22 1Q22 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) March 31 Dec. 31 Sept. 30 June 30 March 31 Consolidated regulatory capital ratios (a) Standardized Approach: CET1 capital $ 17,876 $ 18,032 $ 16,726 $ 17,067 $ 17,579 Tier 1 capital 22,710 22,856 21,495 21,

  9. Slide 9: Securities Services Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION SECURITIES SERVICES BUSINESS SEGMENT 1Q23 vs. (dollars in millions) 1Q23 4Q22 3Q22 2Q22 1Q22 4Q22 1Q22 Revenue: Investment services fees: Asset Servicing $ 948 $ 971 $ 953 $ 995 $ 999 (2)% (5)% Issuer Services 236 271 288 309 141 (13) 67 Total investment servi

  10. Slide 10: Securities Services Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION SECURITIES SERVICES BUSINESS SEGMENT 1Q23 vs. (dollars in millions, unless otherwise noted) 1Q23 4Q22 3Q22 2Q22 1Q22 4Q22 1Q22 Selected balance sheet data: Average loans $ 10,939 $ 11,850 $ 11,573 $ 11,386 $ 10,150 (8)% 8% Average assets (a) $ 196,560 $ 206,81

  11. Slide 11: Market and Wealth Services Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION MARKET AND WEALTH SERVICES BUSINESS SEGMENT 1Q23 vs. (dollars in millions) 1Q23 4Q22 3Q22 2Q22 1Q22 4Q22 1Q22 Revenue: Investment services fees: Pershing $ 499 $ 502 $ 494 $ 479 $ 433 (1)% 15% Treasury Services 168 170 173 176 170 (1) (1) Clearance and Collate

  12. Slide 12: Market and Wealth Services Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION MARKET AND WEALTH SERVICES BUSINESS SEGMENT 1Q23 vs. (dollars in millions, unless otherwise noted) 1Q23 4Q22 3Q22 2Q22 1Q22 4Q22 1Q22 Selected balance sheet data: Average loans $ 36,854 $ 39,843 $ 40,882 $ 42,391 $ 42,113 (8)% (12)% Average assets (a) $ 132,14

  13. Slide 13: Investment and Wealth Management Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT 1Q23 vs. (dollars in millions) 1Q23 4Q22 3Q22 2Q22 1Q22 4Q22 1Q22 Revenue: Investment management fees $ 752 $ 754 $ 788 $ 825 $ 848 —% (11)% Performance fees 22 26 10 5 34 N/M (35) Investment management and per

  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 1Q23 vs. (dollars in billions) 1Q23 4Q22 3Q22 2Q22 1Q22 4Q22 1Q22 AUM by product type (a)(b): Equity $ 142 $ 135 $ 125 $ 139 $ 168 5% (15)% Fixed income 207 198 205 226 248 5 (17) Index 40

  15. Slide 15: Other Segment

    THE BANK OF NEW YORK MELLON CORPORATION OTHER SEGMENT (in millions) 1Q23 4Q22 3Q22 2Q22 1Q22 Revenue: Fee revenue $ 3 $ 12 $ 28 $ 13 $ 8 Investment and other revenue (14) (442) (5) 62 12 Total fee and other revenue (11) (430) 23 75 20 Net interest (expense) (36) (48) (47) (35) (32) Total revenue (47

  16. Slide 16: Securities Portfolio

    THE BANK OF NEW YORK MELLON CORPORATION SECURITIES PORTFOLIO 1Q23 March 31, 2023 Fair value Ratings (c) Dec. 31, 2022 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) March 31 Dec. 31 Sept. 30 June 30 March 31 Allowance for credit losses – beginning of period: Allowance for loan losses $ 176 $ 164 $ 181 $ 171 $ 196 Allowance for lending-rel

  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) March 31 Dec. 31 Sept. 30 June 30 March 31 BNY Mellon shareh

  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) 1Q23 4Q22 3Q22 2Q22 1Q22 Income (loss) before income taxes – GAAP $ 93 $ 125 $ (497) $ 208 $ 2

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