The Bank Of New York Mellon Corporation · NYSE:BNY

The Bank Of New York Mellon — Q1 2024 Earnings Presentation

20 slides from The Bank Of New York Mellon's earnings presentation, Apr 16, 2024

  1. Slide 1: Financial Supplement First Quarter 2024

    The Bank of New York Mellon Corporation Financial Supplement First Quarter 2024

  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 1Q24 vs. (dollars in millions, except per common share amounts, or unless otherwise noted) 1Q24 4Q23 3Q23 2Q23 1Q23 4Q23 1Q23 Selected income statement data Fee and other revenue $ 3,487 $ 3,257 $ 3,404 $ 3,404 $ 3,287 7% 6% N

  4. Slide 4: Condensed Consolidated Income Statement

    THE BANK OF NEW YORK MELLON CORPORATION CONDENSED CONSOLIDATED INCOME STATEMENT 1Q24 vs. (dollars in millions, except per share amounts; common shares in thousands) 1Q24 4Q23 3Q23 2Q23 1Q23 4Q23 1Q23 Revenue Investment services fees $ 2,278 $ 2,242 $ 2,230 $ 2,252 $ 2,119 2% 8% Investment management

  5. Slide 5: Condensed Consolidated Balance Sheet

    THE BANK OF NEW YORK MELLON CORPORATION CONDENSED CONSOLIDATED BALANCE SHEET 2024 2023 (in millions) March 31 Dec. 31 Sept. 30 June 30 March 31 Assets Cash and due from banks $ 5,305 $ 4,922 $ 4,904 $ 5,720 $ 5,564 Interest-bearing deposits with the Federal Reserve and other central banks 119,197 11

  6. Slide 6: Fee and Other Revenue

    THE BANK OF NEW YORK MELLON CORPORATION FEE AND OTHER REVENUE 1Q24 vs. (dollars in millions) 1Q24 4Q23 3Q23 2Q23 1Q23 4Q23 1Q23 Investment services fees $ 2,278 $ 2,242 $ 2,230 $ 2,252 $ 2,119 2% 8% Investment management and performance fees: Investment management fees (a) 766 724 747 752 754 6 2 Pe

  7. Slide 7: Average Balances and Interest Rates

    THE BANK OF NEW YORK MELLON CORPORATION AVERAGE BALANCES AND INTEREST RATES 1Q24 4Q23 3Q23 2Q23 1Q23 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 2024 2023 (dollars in millions) March 31 Dec. 31 Sept. 30 June 30 March 31 Consolidated regulatory capital ratios (a) Standardized Approach: CET1 capital $ 18,382 $ 18,534 $ 18,156 $ 18,018 $ 17,761 Tier 1 capital 22,722 22,863 22,985 22,

  9. Slide 9: Securities Services Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION SECURITIES SERVICES BUSINESS SEGMENT 1Q24 vs. (dollars in millions) 1Q24 4Q23 3Q23 2Q23 1Q23 4Q23 1Q23 Revenue: Investment services fees: Asset Servicing $ 1,013 $ 975 $ 976 $ 980 $ 941 4% 8% Issuer Services 261 285 281 319 236 (8) 11 Total investment services

  10. Slide 10: Securities Services Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION SECURITIES SERVICES BUSINESS SEGMENT 1Q24 vs. (dollars in millions, unless otherwise noted) 1Q24 4Q23 3Q23 2Q23 1Q23 4Q23 1Q23 Selected balance sheet data: Average loans $ 11,204 $ 11,366 $ 11,236 $ 11,283 $ 10,939 (1)% 2% Average assets (a) $ 191,544 $ 200,04

  11. Slide 11: Market and Wealth Services Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION MARKET AND WEALTH SERVICES BUSINESS SEGMENT 1Q24 vs. (dollars in millions) 1Q24 4Q23 3Q23 2Q23 1Q23 4Q23 1Q23 Revenue: Investment services fees: Pershing $ 482 $ 472 $ 478 $ 466 $ 469 2% 3% Treasury Services 184 179 180 183 175 3 5 Clearance and Collateral Man

  12. Slide 12: Market and Wealth Services Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION MARKET AND WEALTH SERVICES BUSINESS SEGMENT 1Q24 vs. (dollars in millions, unless otherwise noted) 1Q24 4Q23 3Q23 2Q23 1Q23 4Q23 1Q23 Selected balance sheet data: Average loans $ 39,271 $ 39,200 $ 37,496 $ 36,432 $ 36,854 —% 7% Average assets (a) $ 123,552 $ 1

  13. Slide 13: Investment and Wealth Management Business Segment

    THE BANK OF NEW YORK MELLON CORPORATION INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT 1Q24 vs. (dollars in millions) 1Q24 4Q23 3Q23 2Q23 1Q23 4Q23 1Q23 Revenue: Investment management fees $ 768 $ 725 $ 748 $ 753 $ 755 6% 2% Performance fees 10 19 30 10 22 N/M N/M Investment management and perfor

  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 1Q24 vs. (dollars in billions) 1Q24 4Q23 3Q23 2Q23 1Q23 4Q23 1Q23 AUM by product type (a)(b): Equity $ 168 $ 145 $ 133 $ 145 $ 142 16% 18% Fixed income 219 205 190 203 207 7 6 Index 474 45

  15. Slide 15: Other Segment

    THE BANK OF NEW YORK MELLON CORPORATION OTHER SEGMENT (in millions) 1Q24 4Q23 3Q23 2Q23 1Q23 Revenue: Fee revenue $ (17) $ (17) $ 6 $ (2) $ 3 Investment and other revenue 47 38 74 34 38 Total fee and other revenue 30 21 80 32 41 Net interest (expense) (7) (15) (24) (27) (36) Total revenue 23 6 56 5

  16. Slide 16: Securities Portfolio

    THE BANK OF NEW YORK MELLON CORPORATION SECURITIES PORTFOLIO 1Q24 March 31, 2024 Fair value Ratings (c) Dec. 31, 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 2024 2023 (dollars in millions) March 31 Dec. 31 Sept. 30 June 30 March 31 Allowance for credit losses – beginning of period: Allowance for loan losses $ 303 $ 211 $ 191 $ 170 $ 176 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 2024 2023 (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) 1Q24 4Q23 3Q23 2Q23 1Q23 Income (loss) before income taxes – GAAP $ 107 $ (4) $ 164 $ 130 $ 93

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