The Bank of New York Mellon(US:BK)2025-10-16 10:15Financial Performance - Fee and other revenue for Q3 2025 was $3,845 million, a 1% increase from Q2 2025 and a 7% increase year-over-year[4]. - Net interest income reached $1,236 million in Q3 2025, reflecting a 3% increase from Q2 2025 and an 18% increase compared to Q3 2024[4]. - Total revenue for Q3 2025 was $5,081 million, up 1% from Q2 2025 and 9% from Q3 2024[4]. - Net income for Q3 2025 was $1,457 million, a 2% increase from Q2 2025 and a 23% increase year-over-year[4]. - The diluted earnings per common share for Q3 2025 was $1.88, down 3% from Q2 2025 but up 25% from Q3 2024[4]. - Total revenue for Q3 2025 was $5,081 million, an increase of 9% compared to Q3 2024[8]. - Net income for Q3 2025 reached $1,457 million, reflecting a 23% increase year-over-year[8]. - Total revenue for Q3 2025 was $2,459 million, a 10% increase compared to $2,214 million in Q3 2024[22]. - Total revenue for Q3 2025 reached $1,767 million, a 14% increase compared to Q3 2024, and YTD revenue reached $5,195 million, up 13% from YTD 2024[28]. Assets and Management - Assets under custody and/or administration (AUC/A) increased to $57.8 trillion, a 4% rise from Q2 2025 and an 11% increase year-over-year[4]. - Assets under management (AUM) remained stable at $2.1 trillion, with a 2% increase compared to Q3 2024[4]. - Total assets as of September 30, 2025, were $455,312 million, a decrease from $485,781 million in June 2025[11]. - Total assets as of 3Q25 were $437,491 million, slightly down from $438,608 million in 2Q25[16]. - Total securities fair value as of September 30, 2025, was $143,633 million, with a net unrealized loss of $3,692 million, representing a 31% decrease[40]. - The fair value of available-for-sale securities was $99,989 million, accounting for 68% of the securities portfolio, while held-to-maturity securities totaled $46,514 million, or 32%[41]. - Assets under custody/administration (AUC/A) at period end reached $15.8 trillion, a 10% increase compared to Q3 2024[30]. - Total assets under management (AUM) rose to $2,142 billion in Q3 2025, a 2% increase from Q2 2025, but unchanged from Q3 2024[37]. Revenue Sources - Investment services fees amounted to $2,585 million in Q3 2025, up 10% from Q3 2024[8]. - Investment management fees for Q3 2025 were $776 million, a 4% increase from Q2 2025, but a 2% decrease year-over-year from Q3 2024[33]. - Total investment services fees for Q3 2025 were $1,454 million, reflecting an 11% increase from $1,306 million in Q3 2024[22]. - Total fee revenue for 3Q25 was $3,637 million, reflecting a 7% increase compared to $3,404 million in 3Q24[13]. - Total investment services fees for Q3 2025 were $1,120 million, a 9% increase compared to Q3 2024[28]. Expenses and Losses - Total noninterest expense for YTD 2025 was $9,694 million, a 4% increase from YTD 2024[8]. - Noninterest expense for Q3 2025 was $1,656 million, a 6% increase compared to $1,557 million in Q3 2024[22]. - The provision for credit losses was $(7) million in Q3 2025, compared to a provision of $50 million in YTD 2024[8]. - The company reported a provision for credit losses of $(3) million in Q3 2025, compared to $(6) million in Q2 2025[28]. - The total net charge-offs for the period were $(4) million, with a provision for credit losses of $(7) million[45]. Capital and Ratios - The Common Equity Tier 1 (CET1) ratio was reported at 11.7% as of September 30, 2025, compared to 11.5% in the previous quarter[4]. - CET1 capital increased to $20,645 million in Q3 2025 from $19,687 million in Q3 2024, reflecting a growth of 4.9% year-over-year[19]. - The CET1 ratio improved to 11.7% in Q3 2025 from 11.2% in Q4 2024[19]. - The average tangible common shareholders' equity was $20,898 million for Q3 2025[52]. - The Bank of New York Mellon's common shareholders' equity at period end for Q3 2025 is $39,043 million, up from $38,619 million in Q2 2025, representing a 1.1% increase[53]. Market and Shareholder Information - The market capitalization rose to $75,983 million, up from $64,254 million in Q2 2025[4]. - The common dividend payout ratio increased to 28% in Q3 2025, compared to 25% in Q2 2025[4]. - Return on common equity for Q3 2025 was 13.7%, while return on tangible common equity was 25.6%[52]. - The average common shares outstanding decreased by 4% year-over-year to 714,135 million for YTD 2025[8]. - The period-end common shares outstanding for Q3 2025 are 697,349 thousand, a decrease from 705,241 thousand in Q2 2025[53].