The Bank of New York Mellon(US:BK)2025-04-11 10:30Revenue and Income - Fee and other revenue for Q1 2025 was $3,633 million, a decrease of 1% from Q4 2024 and an increase of 4% from Q1 2024[3] - Total revenue for Q1 2025 was $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% increase from Q4 2024 and a 21% increase from Q1 2024[3] - Diluted earnings per common share rose to $1.58, up 3% from Q4 2024 and 26% from Q1 2024[3] - Total revenue for 1Q25 was $779 million, a decrease of 11% from $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%[45] Assets and Liabilities - Total assets increased to $440,691 million as of March 31, 2025, up from $416,064 million at the end of 2024, representing a growth of 5.0%[7] - Total liabilities rose to $397,068 million, compared to $374,300 million at the end of 2024, marking an increase of 6.1%[7] - Total assets as of Q1 2025 were $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%[7] Capital and Ratios - The Common Equity Tier 1 (CET1) ratio improved to 11.5% from 11.2% in Q4 2024[3] - CET1 capital increased to $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%[13] - The average assets for Tier 1 leverage ratio were $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% from Q4 2024 but up 11% from Q1 2024[3] - The net interest income for Q1 2025 was $1,159 million, slightly down from $1,194 million in Q4 2024, reflecting a decrease of 2.9%[44] - Net interest margin for Q1 2025 was 1.30%[11] - The net interest margin for Q1 2025 remained stable at 1.30%, consistent with Q4 2024[44] Fees and Performance - Investment services fees for Q1 2025 were $2,411 million, down 1% from $2,438 million in Q4 2024, but up 6% compared to $2,278 million in Q1 2024[9] - Investment management and performance fees totaled $739 million in Q1 2025, a decrease of 9% from $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% from Q4 2024 and an increase of 4% from Q1 2024[15] Noninterest Expenses and Margins - Noninterest expense for 1Q25 was $714 million, a slight increase of 2% from $700 million in 4Q24 and a decrease of 4% from $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% from Q4 2024 and an increase of 3% from Q1 2024[22] - The number of sponsored Depositary Receipts programs at the end of Q1 2025 was 488, a decrease of 2% from Q4 2024 and 7% from Q1 2024[17] - Nonperforming assets total $213 million as of March 31, 2025, compared to $227 million in the previous quarter[36]