Financial Performance - Total revenue for Q3 2023 was $4,374 million, a slight decrease of 1.8% from $4,454 million in Q2 2023 and an increase of 2.2% from $4,279 million in Q3 2022[204]. - Net income applicable to common shareholders for Q3 2023 was $956 million, down 7.3% from $1,031 million in Q2 2023 and up significantly from $319 million in Q3 2022[206]. - Earnings per share (EPS) for Q3 2023 was $1.23 (basic) and $1.22 (diluted), compared to $1.31 (basic) and $1.30 (diluted) in Q2 2023, and $0.39 in Q3 2022[208]. - Comprehensive income applicable to shareholders for Q3 2023 was $835 million, compared to $1,008 million in Q2 2023 and a loss of $932 million in Q3 2022[210]. - Year-to-date net income applicable to common shareholders reached $2,892 million as of September 30, 2023, compared to $1,853 million for the same period in 2022[206]. - Net income for the nine months ended September 30, 2023, was $3,085 million, compared to $2,017 million for the same period in 2022, representing a 53% increase[215]. - Net income for the quarter ending September 30, 2023, was $1,041 million, compared to $1,068 million for the previous quarter, reflecting a decrease of approximately 2.5%[217]. Revenue Sources - Total fee and other revenue for Q3 2023 was $3,355 million, slightly up from $3,353 million in Q3 2022, reflecting a growth of 0.1%[289]. - Investment services fees for Q3 2023 amounted to $1,259 million, an increase from $1,233 million in Q3 2022, marking a growth of 2.1%[289]. - Total fee and other revenue for the third quarter of 2023 was $4,511 million, compared to $3,082 million in the same quarter of 2022, representing an increase of 46.3%[298]. - Net interest revenue for the third quarter of 2023 was $1,016 million, compared to $926 million in the same quarter of 2022, reflecting a year-over-year increase of 9.7%[298]. Expenses and Provisions - Total noninterest expense for Q3 2023 was $3,089 million, a slight decrease from $3,111 million in Q2 2023 and a significant decrease from $3,679 million in Q3 2022[204]. - The provision for credit losses was $3 million in Q3 2023, compared to $5 million in Q2 2023 and a recovery of $30 million in Q3 2022[204]. - The provision for credit losses for the quarter was $11 million, reflecting a decrease from $30 million in the previous quarter[249]. - Noninterest expense totaled $3,089 million, with the highest allocation to Securities Services at $1,585 million[400]. Assets and Liabilities - Total assets as of September 30, 2023, were $405,248 million, slightly down from $405,783 million at the end of 2022[213]. - Total liabilities decreased to $364,117 million from $364,933 million, reflecting a reduction of about 0.2%[213]. - Total deposits decreased to $277,467 million from $278,970 million, a decline of approximately 0.5%[213]. - Total permanent equity as of September 30, 2023, was $41,022 million, an increase from $40,998 million at June 30, 2023[218]. Securities and Investments - Total available-for-sale securities as of September 30, 2023, amounted to $83,074 million, with gross unrealized losses of $6,170 million[228]. - The total fair value of held-to-maturity securities was $51,007 million, reflecting gross unrealized losses of $6,798 million[228]. - The total market value of securities received that can be sold or repledged was $191 billion as of September 30, 2023, compared to $115 billion at December 31, 2022, showing a significant increase of 66.96%[243]. - The total amount of available-for-sale securities was $77.22 billion with an average yield of 2.97% as of September 30, 2023[242]. Credit Quality and Losses - The allowance for credit losses increased to $211 million from $176 million, indicating a rise in provisions for potential loan defaults[213]. - Nonperforming loans totaled $46 million as of September 30, 2023, compared to $107 million as of December 31, 2022[253]. - The total allowance for loan losses was $191 million, an increase from $164 million in the previous quarter[250]. - The total allowance for credit losses for the nine months ended September 30, 2023, was $254 million[251]. Shareholder Returns - The company repurchased $450 million of common stock during the quarter, contributing to a total treasury stock of $(26,696) million[217]. - Dividends paid on common stock were $333 million at a rate of $0.42 per share for the quarter ending September 30, 2023[217]. - Common stock dividends amounted to $860 million at a rate of $1.05 per share[222]. Tax and Regulatory Matters - The effective tax rate for the third quarter of 2023 was 18.8%, down from 38.4% in the same quarter of 2022[302]. - The company’s total tax reserves as of September 30, 2023, were $109 million, compared to $106 million at December 31, 2022[303]. - The company is cooperating with inquiries from the SEC and the Commodity Futures Trading Commission regarding compliance with recordkeeping obligations[393]. Legal and Compliance Issues - BNY Mellon is currently unable to estimate a range of reasonably possible loss for certain legal matters, but the aggregate range of reasonably possible loss is up to $590 million in excess of any accrued liability[389]. - In a lawsuit filed by Postalis, a judgment of approximately $2 million was entered against DTVM and Ativos, which is currently under appeal[390]. - The German tax authorities have issued secondary liability notices totaling approximately $150 million related to pre-acquisition activities in various funds[392].

Financial Data and Key Metrics Changes - Earnings per share (EPS) for Q3 2023 was $1.22, compared to $0.39 in Q3 2022, with an adjusted EPS of $1.27 reflecting a 5% year-over-year increase [5][22] - Return on tangible common equity was 20% on $4.4 billion of revenue, up 2% year-over-year, with a pre-tax margin of 29% [5][22] - Net interest revenue increased by 10% year-over-year, driven by rising interest rates [6][20] Business Line Data and Key Metrics Changes - Security Services reported total revenue of $2.1 billion, up 1% year-over-year, with net interest revenue up 12% [27] - Market and Wealth Services total revenue was $1.4 billion, up 6% year-over-year, with investment services fees up 2% [29] - Investment and Wealth Management reported total revenue of $827 million, down 4% year-over-year, with net interest revenue declining by 33% [32] Market Data and Key Metrics Changes - Firm-wide assets under custody/administration reached $45.7 trillion, up 8% year-over-year, while assets under management increased by 3% to $1.8 trillion [21] - The number of funds serviced on the platform continued to grow, with ETFs assets under custody/administration up over 20% year-over-year [28] Company Strategy and Development Direction - The company is focused on three strategic pillars: enhancing client service, improving operational efficiency, and fostering a collaborative culture [8][19] - A commitment to drive higher underlying growth and improve pre-tax margins over time has been established [8][19] - The company is adopting a platform operating model to reduce silos and improve client experiences [63][64] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's strategic objectives and the potential for revenue growth through innovation and efficiency improvements [19][35] - The company is on track to deliver a 20% growth in net interest revenue for the full year 2023, despite a challenging operating environment [34][40] - Management acknowledged the need for continued discipline in managing expenses while investing in growth opportunities [50][52] Other Important Information - The company returned $450 million to shareholders through share repurchases and paid approximately $330 million in dividends, reflecting a 14% dividend increase [22][23] - The Tier 1 leverage ratio improved to 6.1%, and the CET1 ratio was 11.4%, indicating strengthened capital ratios [23] Q&A Session Summary Question: NII outlook and deposit trajectory - Management reaffirmed guidance for 20% NII growth for the year, noting a slowdown in deposit decline and a modest pickup in September and October [38][40] Question: Expense outlook and flexibility - Management emphasized the importance of bending the cost curve and expressed confidence in achieving a growth rate closer to 3% for expenses in 2023 [42][44] Question: Confidence in deposit stability - Management highlighted the diversified nature of the deposit base and expressed confidence in the stability of deposits moving forward [46][48] Question: Capital and buyback strategy - Management indicated that buybacks would remain consistent with previous quarters, with a cautious approach due to market volatility [71][72] Question: Growth in clearance and collateral management - Management noted that growth in this segment was driven by market volatility and treasury issuance, with expectations for continued growth [74]

3Q23 Financial Highlights O C T O B E R 1 7 , 2 0 2 3 3Q23 Financial Highlights • Revenue up 2% YoY Revenue EPS – Fee revenue flat YoY 4.4 1.22 $ bn $ – Net interest revenue up 10% YoY • Expense down 16% YoY, up 3%(b) excluding notable items P ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 001-35651 THE BANK OF NEW YORK MELLON CORPORATION (Exact name of registrant as specified in its charter) Delaware 13-2614959 (State or other jurisdiction of incorporation or orga ...

The Bank of New York Mellon Corporation (NYSE:BK) Q2 2023 Earnings Conference Call July 18, 2023 10:30 AM ET Company Participants Marius Merz - Head of Investor Relations Robin Vince - President and Chief Executive Officer Dermot McDonogh - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Alex Blostein - Goldman Sachs Betsy Graseck - Morgan Stanley Steven Chubak - Wolfe Research Glenn Schorr - Evercore ISI Ebrahim Poonawala - Bank of America Securities Kenneth Usdin - Jefferies Bria ...

2Q23 Financial Highlights J U L Y 1 8 , 2 0 2 3 2Q23 Financial Highlights • Revenue up 5% YoY Revenue EPS – Fee revenue down 2% YoY 4.5 1.30 $ bn $ – Net interest revenue up 33% YoY • Expense flat YoY P ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 001-35651 THE BANK OF NEW YORK MELLON CORPORATION (Exact name of registrant as specified in its charter) Delaware 13-2614959 (State or other jurisdiction of incorporation or org ...

The Bank of New York Mellon Corporation (NYSE:BK) Q1 2023 Results Conference Call April 18, 2023 10:30 AM ET Company Participants Marius Merz - Head of Investor Relations Robin Vince - President and Chief Executive Officer Dermot McDonogh - Chief Financial Officer Conference Call Participants Kenneth Usdin - Jefferies Steven Chubak - Wolfe Research Alex Blostein - Goldman Sachs Brennan Hawken - UBS Mike Mayo - Wells Fargo Securities Gerard Cassidy - RBC Brian Bedell - Deutsche Bank Robert Wildhack - Autonom ...

1Q23 Financial Highlights A P R I L 1 8 , 2 0 2 3 1Q23 Financial Highlights • Revenue up 11% YoY Revenue EPS – Fee revenue flat YoY 4.4 1.12 $ bn $ – Net interest revenue up 62% YoY • Expense up 3% YoY • Provision for credit losses was $27mm P ...

Part I [Business](index=7&type=section&id=Item%201.%20Business) BNY Mellon is a global financial services company providing securities, market, wealth, and investment management services, emphasizing human capital and operating in a competitive, regulated environment [Description of Business](index=7&type=section&id=Description%20of%20Business) BNY Mellon, a Delaware corporation founded in 1784, is a global financial services company with **$44.3 trillion** in assets under custody and/or administration and **$1.8 trillion** in assets under management as of December 31, 2022 - The company's two principal U.S. banking subsidiaries are The Bank of New York Mellon, housing Securities Services and parts of Market and Wealth Services, and BNY Mellon, N.A., which includes Wealth Management and Pershing businesses[17](index=17&type=chunk) - BNY Mellon SA/NV serves as the primary banking subsidiary in continental Europe, regulated by the European Central Bank and the National Bank of Belgium, with its main office in Brussels and branches across Europe[19](index=19&type=chunk) [Human Capital Management](index=8&type=section&id=Human%20Capital%20Management) BNY Mellon's human capital strategy focuses on building an inclusive global team with executive compensation tied to diversity, equity, and inclusion goals, alongside comprehensive employee development and wellbeing programs Workforce and Leadership Diversity (End of 2022) | Group | Metric | Percentage | | :--- | :--- | :--- | | **Global Workforce** | Women | 40% | | **U.S. Workforce** | Women | 43% | | **U.S. Workforce** | Underrepresented Ethnic/Racial Backgrounds | 38% | | **Executive Committee** | Women | 35% | | **Executive Committee** | Underrepresented Ethnic/Racial Backgrounds | 20% | | **Board of Directors** | Women | 36% | | **Board of Directors** | Underrepresented Ethnic/Racial Backgrounds | 36% | - Executive Committee members' variable compensation is influenced by performance against DEI goals, which include targets for senior leader diversity[25](index=25&type=chunk) - In December 2022, BNY Mellon announced a grant of **10 restricted stock units (RSUs)** to eligible employees, to be awarded in February 2023[28](index=28&type=chunk) [Competition](index=9&type=section&id=Competition) BNY Mellon faces intense competition across all business areas from a wide range of domestic and international financial services firms, technology providers, and non-bank entities - Competitors include domestic and international financial firms, technology service providers, investment management firms, hedge funds, and investment banking companies[32](index=32&type=chunk) - Competition is based on factors such as customer service, transaction execution, capital access, product range, performance, technology, price, and reputation[33](index=33&type=chunk) - The company's business is organized into three principal segments: Securities Services, Market and Wealth Services, and Investment and Wealth Management, with an 'Other' segment for activities like the leasing portfolio and corporate treasury[15](index=15&type=chunk) Key Business Metrics (as of Dec. 31, 2022) | Metric | Value | | :--- | :--- | | Assets under Custody and/or Administration | $44.3 trillion | | Assets under Management | $1.8 trillion | - Globally, BNY Mellon had approximately **51,700 full-time employees** at the end of 2022, with about **50%** based outside the U.S[30](index=30&type=chunk) [Risk Factors](index=9&type=section&id=Item%201A.%20Risk%20factors) This section incorporates by reference the detailed discussion of risk factors from the "MD&A – Risk Factors" section of the company's 2022 Annual Report to Shareholders - The information required for this item is set forth in the Annual Report under "MD&A – Risk Factors," which is incorporated by reference[35](index=35&type=chunk) [Unresolved Staff Comments](index=10&type=section&id=Item%201B.%20Unresolved%20staff%20comments) The company reports that there are no unresolved comments from the SEC staff - None[36](index=36&type=chunk) [Properties](index=10&type=section&id=Item%202.%20Properties) BNY Mellon's corporate headquarters is an owned **1.2 million square foot** building in New York City, supplemented by owned and leased office space globally across the Americas, EMEA, and APAC regions Global Office Space | Region | Space (approx. square feet) | | :--- | :--- | | Corporate Headquarters (NYC) | 1.2 million (owned) | | Americas (ex-HQ) | 5.7 million (leased and owned) | | EMEA | 1.1 million (leased and owned) | | APAC | 1.5 million (leased) | [Legal Proceedings](index=10&type=section&id=Item%203.%20Legal%20proceedings) This section incorporates by reference the information on legal proceedings from Note 22 of the Notes to Consolidated Financial Statements in the company's 2022 Annual Report - Information regarding legal proceedings is incorporated by reference from Note 22 of the Notes to Consolidated Financial Statements in the Annual Report[36](index=36&type=chunk) [Mine Safety Disclosures](index=10&type=section&id=Item%204.%20Mine%20safety%20disclosures) This item is not applicable to BNY Mellon - Not applicable[36](index=36&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=11&type=section&id=Item%205.%20Market%20for%20registrant%27s%20common%20equity%2C%20related%20stockholder%20matters%20and%20issuer%20purchases%20of%20equity%20securities) BNY Mellon's common stock is traded on the New York Stock Exchange under the ticker symbol BK, with **22,256 holders of record** as of January 31, 2023, and the company conducts share repurchases through various methods - The company's common stock is listed on the New York Stock Exchange under the ticker symbol BK[37](index=37&type=chunk) - As of January 31, 2023, there were **22,256 holders of record** of the company's common stock[37](index=37&type=chunk) - Share repurchases may be executed through open market purchases, privately negotiated transactions, or other means like Rule 10b5-1 plans and accelerated share repurchase programs[38](index=38&type=chunk) [Reserved](index=11&type=section&id=Item%206.%20%5BReserved%5D) This item is intentionally left blank [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=11&type=section&id=Item%207.%20Management%27s%20discussion%20and%20analysis%20of%20financial%20condition%20and%20results%20of%20operations) This section incorporates by reference the Management's Discussion and Analysis (MD&A) and several notes from the Consolidated Financial Statements contained within the company's 2022 Annual Report - The information for this item is incorporated by reference from the MD&A and specific notes (3, 6, 12, 14, 19, 22, 23) in the Annual Report[39](index=39&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=11&type=section&id=Item%207A.%20Quantitative%20and%20qualitative%20disclosures%20about%20market%20risk) This section incorporates by reference disclosures about market risk from various sections of the MD&A and Notes to Consolidated Financial Statements in the company's 2022 Annual Report - Information on market risk is incorporated by reference from the "Trading activities and risk management," "Asset/liability management," and "Risk Management" sections of the MD&A, as well as Notes 1, 20, and 23 of the financial statements in the Annual Report[40](index=40&type=chunk) [Financial Statements and Supplementary Data](index=11&type=section&id=Item%208.%20Financial%20statements%20and%20supplementary%20data) This section refers to Item 15 for a detailed list of financial statements and exhibits, which are incorporated by reference - A detailed listing of financial statements and exhibits is provided in Item 15 and is incorporated by reference[41](index=41&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=11&type=section&id=Item%209.%20Changes%20in%20and%20disagreements%20with%20accountants%20on%20accounting%20and%20financial%20disclosure) This item is not applicable, indicating no changes in or disagreements with the company's accountants on accounting and financial disclosure - Not applicable[42](index=42&type=chunk) [Controls and Procedures](index=11&type=section&id=Item%209A.%20Controls%20and%20procedures) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of December 31, 2022, with no material changes to internal control over financial reporting during Q4 2022 - Based on an evaluation as of Dec. 31, 2022, the CEO and CFO concluded that the company's disclosure controls and procedures were effective[43](index=43&type=chunk) - No changes in internal control over financial reporting occurred during Q4 2022 that materially affected, or are reasonably likely to materially affect, the internal controls[44](index=44&type=chunk) [Other Information](index=12&type=section&id=Item%209B.%20Other%20information) This item is not applicable - Not applicable[45](index=45&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=12&type=section&id=Item%209C.%20Disclosure%20regarding%20foreign%20jurisdictions%20that%20prevent%20inspections) This item is not applicable - Not applicable[45](index=45&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=13&type=section&id=Item%2010.%20Directors%2C%20executive%20officers%20and%20corporate%20governance) This section provides information about the company's executive officers and incorporates by reference details regarding directors and corporate governance from the 2023 Proxy Statement, including adopted Codes of Conduct - The company has a Code of Conduct for all employees, including senior financial officers, and a separate Directors' Code of Conduct, both available on its website[46](index=46&type=chunk)[49](index=49&type=chunk) Executive Officers | Name | Age | Position(s) | | :--- | :--- | :--- | | Jolen Anderson | 44 | Senior Executive Vice President and Global Head of Human Resources | | Bridget E. Engle | 59 | Senior Executive Vice President and Head of Operations and Technology | | Hani A. Kablawi | 54 | Senior Executive Vice President and Chairman of International | | Catherine Keating | 61 | Senior Executive Vice President and Chief Executive Officer of Wealth Management | | Senthil Kumar | 57 | Senior Executive Vice President and Chief Risk Officer | | Kurtis R. Kurimsky | 49 | Vice President and Controller | | J. Kevin McCarthy | 58 | Senior Executive Vice President and General Counsel | | Dermot McDonogh | 57 | Senior Executive Vice President and Chief Financial Officer | | Emily Portney | 51 | Senior Executive Vice President and Chief Executive Officer of Asset Servicing | | Roman Regelman | 51 | Senior Executive Vice President, Chief Executive Officer of Asset Servicing, Issuer Services and Digital | | Akash Shah | 37 | Senior Executive Vice President and Chief Growth Officer | | Hanneke Smits | 56 | Senior Executive Vice President and Chief Executive Officer of Investment Management | | Robin Vince | 51 | President and Chief Executive Officer | [Executive Compensation](index=15&type=section&id=Item%2011.%20Executive%20compensation) This section incorporates by reference information on director and executive compensation from the company's 2023 Proxy Statement, specifically citing relevant compensation sections - Information regarding executive compensation is incorporated by reference from the company's Proxy Statement, including the Compensation Discussion & Analysis and Executive Compensation Tables[52](index=52&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=15&type=section&id=Item%2012.%20Security%20ownership%20of%20certain%20beneficial%20owners%20and%20management%20and%20related%20stockholder%20matters) This section incorporates by reference information on security ownership and equity compensation plans from the "Additional Information" section of the company's 2023 Proxy Statement - Information on security ownership by certain beneficial owners and management is incorporated by reference from the Proxy Statement[53](index=53&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=15&type=section&id=Item%2013.%20Certain%20relationships%20and%20related%20transactions%2C%20and%20director%20independence) This section incorporates by reference information on related party transactions and director independence from the "Corporate Governance and Board Information" section of the company's 2023 Proxy Statement - Information regarding certain relationships, related transactions, and director independence is incorporated by reference from the Proxy Statement[54](index=54&type=chunk) [Principal Accountant Fees and Services](index=15&type=section&id=Item%2014.%20Principal%20accountant%20fees%20and%20services) This section incorporates by reference information on principal accountant fees and services from the "Item 4 – Ratification of KPMG LLP" section of the company's 2023 Proxy Statement, identifying KPMG LLP as the principal accountant - Information on principal accountant fees and services is incorporated by reference from the Proxy Statement. The firm is KPMG LLP, with PCAOB ID number **185**[55](index=55&type=chunk) Part IV [Exhibit and Financial Statement Schedules](index=16&type=section&id=Item%2015.%20Exhibit%20and%20financial%20statement%20schedules) This section provides an index of all financial statements, schedules, and exhibits filed with or incorporated by reference into the Form 10-K, including consolidated financial statements and various corporate governance and compensation documents - The Consolidated Income Statement, Balance Sheet, Cash Flows, Changes in Equity, and related notes are incorporated by reference from pages **116-195** of the Annual Report[57](index=57&type=chunk) - The Index to Exhibits lists numerous documents, including the Restated Certificate of Incorporation (**3.1**), Amended and Restated By-Laws (**3.9**), various employee and director compensation plans (**10.1-10.44**), and certifications by the CEO and CFO (**31.1, 31.2, 32.1, 32.2**)[60](index=60&type=chunk)[61](index=61&type=chunk)[64](index=64&type=chunk)[69](index=69&type=chunk) [Form 10-K Summary](index=16&type=section&id=Item%2016.%20Form%2010-K%20summary) The company has not provided a summary for the Form 10-K in this section - None[58](index=58&type=chunk)