The Bank of New York Mellon(BK) - 2023 Q4 - Earnings Call Presentation

2023 Financial Results - Total fee revenue was $12.872 billion, a decrease of 1% compared to 2022[3] - Net interest revenue increased to $4.345 billion, a significant increase from $(82) million in 2022[3] - Total revenue reached $17.502 billion, up 7% year-over-year[3] - Net income applicable to common shareholders increased by 33% to $3.148 billion[3] - Adjusted total revenue was $17.652 billion, up 5% year-over-year[3] - Adjusted EPS grew by 10% to $5.05[3] Q4 2023 Financial Results - Total fee revenue was $3.214 billion, flat year-over-year[12] - Net interest revenue increased to $1.101 billion, up 4% year-over-year[12] - Total revenue reached $4.311 billion, up 10% year-over-year[12] - Adjusted total revenue was $4.461 billion, up 2% year-over-year[12] 2024 Financial Outlook - The company anticipates fee revenue to increase year-over-year, driven by higher organic growth and modest equity market appreciation[36] - Net interest revenue is expected to decrease by approximately 10% year-over-year due to deposit margin compression[36] - Expenses (excluding notable items) are projected to be approximately flat year-over-year, balancing continued investments with efficiency savings[36] - The company aims for a total payout ratio of ≥100%[36]