The Bank of New York Mellon(BK) - 2025 Q1 - Quarterly Results

Revenue and Income - Fee and other revenue for Q1 2025 was $3,633 million, a decrease of 1$4,792 million, reflecting a 1% decrease from Q4 2024 and a 6% increase from Q1 2024[3] - Net income applicable to common shareholders increased to $1,149 million, a 2$1.58, up 3% from Q4 2024 and 26% from Q1 2024[3] - Total revenue for 1Q25 was $779 million, a decrease of 11$873 million in 4Q24 and 8% from $846 million in 1Q24[26] - Total revenue for the Investment and Wealth Management segment in Q1 2025 was$779 million, down from $873 million in Q4 2024, representing a decline of 10.8$440,691 million as of March 31, 2025, up from $416,064 million at the end of 2024, representing a growth of 5.0$397,068 million, compared to $374,300 million at the end of 2024, marking an increase of 6.1$415,844 million, a slight decrease from $420,344 million in Q4 2024[11] - Net loans stood at$71,109 million as of March 31, 2025, slightly down from $71,276 million at the end of 2024[7] - Deposits increased to$308,644 million in Q1 2025, up from $289,524 million in Q4 2024, reflecting a growth of 6.1$19,505 million in Q1 2025, resulting in a CET1 ratio of 11.5%[13] - Total capital for Q1 2025 was $26,581 million, with a total capital ratio of 15.7$397,513 million in Q1 2025, with a Tier 1 leverage ratio of 6.2%[13] - The Bank of New York Mellon Corporation's common shareholders' equity at the end of Q1 2025 was $37,788 million, an increase from$36,975 million in Q4 2024, representing a growth of 2.2%[44] - The tangible common shareholders' equity at the end of Q1 2025 was $20,173 million, up from$19,412 million in Q4 2024, indicating an increase of 3.9%[44] Interest Income and Margin - Net interest income decreased to $1,159 million in Q1 2025, down 3$1,159 million, slightly down from $1,194 million in Q4 2024, reflecting a decrease of 2.9$2,411 million, down 1% from $2,438 million in Q4 2024, but up 6$2,278 million in Q1 2024[9] - Investment management and performance fees totaled $739 million in Q1 2025, a decrease of 9$808 million in Q4 2024 and down 5% from $776 million in Q1 2024[9] - Total fee revenue for Q1 2025 was$1,530 million, a decrease of 1% from Q4 2024 and an increase of 5% from Q1 2024[15] - Total investment services fees for Q1 2025 were $1,329 million, a decrease of 1$714 million, a slight increase of 2% from $700 million in 4Q24 and a decrease of 4$740 million in 1Q24[26] - The pre-tax operating margin for Q1 2025 was 31%, compared to 28% in Q4 2024 and 28% in Q1 2024[15] - The pre-tax operating margin for the Investment and Wealth Management segment in Q1 2025 was 8%, a decrease from 20% in Q4 2024[45] Other Financial Metrics - The market capitalization increased to $60,003 million, up from$55,139 million in Q4 2024[3] - The average daily U.S. dollar payment volumes in Treasury Services for Q1 2025 were $244,673 million, a decrease of 2$213 million as of March 31, 2025, compared to $227 million in the previous quarter[36]