Bank of New York Mellon Tops Earnings Estimates on Higher Interest Income and Custody Growth

Core Insights - Bank of New York Mellon (BNY Mellon) reported fourth-quarter 2025 adjusted earnings of $2.08 per share, surpassing analyst expectations of $1.99, with revenue reaching $5.18 billion, slightly above the forecast of $5.15 billion and reflecting a 7% increase from the previous year [1][2] Financial Performance - Net interest income increased by 13% year over year to $1.35 billion, driven by the reinvestment of maturing securities at higher yields and overall balance-sheet growth, although this was partially offset by deposit margin compression [2] - Fee revenue rose by 5% compared to the previous year [2] - For the full year 2025, BNY Mellon reported adjusted earnings per share of $7.50, a 24% increase from 2024, with total revenue rising 8% year over year to $20.1 billion [3] Asset Management - Assets under custody and administration grew by 14% year over year to $59.3 trillion, while assets under management increased by 7% to $2.2 trillion [2]