Document


THE BANK OF NEW YORK MELLON CORPORATION
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)																4Q24 vs.										FY24 vs.
	4Q24			3Q24			2Q24			1Q24			4Q23			3Q24		4Q23		FY24			FY23			FY23
Selected income statement data


Fee and other revenue	$	3,653		$	3,600		$	3,567		$	3,487		$	3,257		1	%	12	%	$	14,307		$	13,352		7	%
Net interest income	1,194			1,048			1,030			1,040			1,101			14		8		4,312			4,345			(1)
Total revenue	4,847			4,648			4,597			4,527			4,358			4		11		18,619			17,697			5
Provision for credit losses	20			23			—			27			84			N/M		N/M		70			119			N/M
Noninterest expense	3,355			3,100			3,070			3,176			3,995			8		(16)		12,701			13,295			(4)
Income before income taxes	1,472			1,525			1,527			1,324			279			(3)		428		5,848			4,283			37
Provision for income taxes	315			336			357			297			73			(6)		332		1,305			979			33
Net income	$	1,157		$	1,189		$	1,170		$	1,027		$	206		(3)	%	462	%	$	4,543		$	3,304		38	%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,130		$	1,110		$	1,143		$	953		$	162		2	%	598	%	$	4,336		$	3,067		41	%
Diluted earnings per common share	$	1.54		$	1.50		$	1.52		$	1.25		$	0.21		3	%	633	%	$	5.80		$	3.89		49	%
Average common shares and equivalents outstanding – diluted (in thousands)	733,720			742,080			751,596			762,268			772,102			(1)	%	(5)	%	748,101			787,798			(5)	%

Financial ratios (Quarterly returns are annualized)
Pre-tax operating margin	30		%	33		%	33		%	29		%	6		%					31		%	24		%
Return on common equity	12.2		%	12.0		%	12.7		%	10.7		%	1.8		%					11.9		%	8.6		%
Return on tangible common equity – Non-GAAP (a)	23.3		%	22.8		%	24.6		%	20.7		%	3.6		%					22.8		%	16.8		%
Non-U.S. revenue as a percentage of total revenue	35		%	35		%	36		%	34		%	36		%					35		%	36		%

Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)	$	52.1		$	52.1		$	49.5		$	48.8		$	47.8		—	%	9	%
Assets under management (“AUM”) (in trillions)	$	2.03		$	2.14		$	2.05		$	2.02		$	1.97		(5)	%	3	%
Full-time employees (c)	51,800			52,600			52,000			52,100			53,400			(2)	%	(3)	%
Book value per common share	$	51.52		$	51.78		$	49.46		$	48.44		$	47.97
Tangible book value per common share – Non-GAAP (a)	$	27.05		$	28.01		$	26.19		$	25.44		$	25.25
Cash dividends per common share	$	0.47		$	0.47		$	0.42		$	0.42		$	0.42
Common dividend payout ratio	31		%	32		%	28		%	34		%	202		%
Closing stock price per common share	$	76.83		$	71.86		$	59.89		$	57.62		$	52.05
Market capitalization	$	55,139		$	52,248		$	44,196		$	43,089		$	39,524
Common shares outstanding (in thousands)	717,680			727,078			737,957			747,816			759,344

Capital ratios at period end (d)
Common Equity Tier 1 (“CET1”) ratio	11.2		%	11.9		%	11.4		%	10.8		%	11.5		%
Tier 1 capital ratio	13.7		%	14.5		%	14.0		%	13.4		%	14.2		%
Total capital ratio	14.8		%	15.6		%	15.0		%	14.3		%	14.9		%
Tier 1 leverage ratio	5.7		%	6.0		%	5.8		%	5.9		%	6.0		%
Supplementary leverage ratio (“SLR”)	6.5		%	7.0		%	6.8		%	7.0		%	7.3		%
(a) Non-GAAP information, for all periods presented, excludes goodwill and intangible assets, net of deferred tax liabilities. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of Non-GAAP measures.
(b) Includes the AUC/A of CIBC Mellon Global Securities Services Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $1.8 trillion at Dec. 31, 2024, $1.9 trillion at Sept. 30, 2024 and $1.7 trillion at June 30, 2024, March 31, 2024 and Dec. 31, 2023.
(c) Beginning March 31, 2024, the number of full-time employees excludes interns.
(d) Regulatory capital ratios for Dec. 31, 2024 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for Dec. 31, 2024 was the Standardized Approach, for Sept. 30, 2024 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, for June 30, 2024 and March 31, 2024 was the Standardized Approach, and for Dec. 31, 2023 was the Advanced Approaches.


THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENT

(dollars in millions, except per share amounts; common shares in thousands)											4Q24 vs.								FY24 vs.
	4Q24		3Q24		2Q24		1Q24		4Q23		3Q24		4Q23		FY24		FY23		FY23
Revenue
Investment services fees	$	2,438	$	2,344	$	2,359	$	2,278	$	2,242	4	%	9	%	$	9,419	$	8,843	7	%
Investment management and performance fees	808		794		761		776		743		2		9		3,139		3,058		3
Foreign exchange revenue	177		175		184		152		143		1		24		688		631		9
Financing-related fees	53		53		53		57		45		—		18		216		192		13
Distribution and servicing fees	37		38		41		42		41		(3)		(10)		158		148		7
Total fee revenue	3,513		3,404		3,398		3,305		3,214		3		9		13,620		12,872		6
Investment and other revenue	140		196		169		182		43		N/M		N/M		687		480		N/M
Total fee and other revenue	3,653		3,600		3,567		3,487		3,257		1		12		14,307		13,352		7
Net interest income	1,194		1,048		1,030		1,040		1,101		14		8		4,312		4,345		(1)
Total revenue	4,847		4,648		4,597		4,527		4,358		4		11		18,619		17,697		5
Provision for credit losses	20		23		—		27		84		N/M		N/M		70		119		N/M
Noninterest expense
Staff	1,817		1,736		1,720		1,857		1,831		5		(1)		7,130		7,095		—
Software and equipment	520		491		476		475		486		6		7		1,962		1,817		8
Professional, legal and other purchased services	410		370		374		349		406		11		1		1,503		1,527		(2)
Net occupancy	149		130		134		124		162		15		(8)		537		542		(1)
Sub-custodian and clearing	128		117		134		119		117		9		9		498		475		5
Distribution and servicing	87		90		88		96		88		(3)		(1)		361		353		2
Business development	54		48		50		36		61		13		(11)		188		183		3
Bank assessment charges	16		10		(7)		17		670		N/M		N/M		36		788		N/M

Amortization of intangible assets	13		12		13		12		14		8		(7)		50		57		(12)
Other	161		96		88		91		160		68		1		436		458		(5)
Total noninterest expense	3,355		3,100		3,070		3,176		3,995		8		(16)		12,701		13,295		(4)
Income before income taxes	1,472		1,525		1,527		1,324		279		(3)		428		5,848		4,283		37
Provision for income taxes	315		336		357		297		73		(6)		332		1,305		979		33
Net income	1,157		1,189		1,170		1,027		206		(3)		462		4,543		3,304		38
Net (income) loss attributable to noncontrolling interests	(2)		(7)		(2)		(2)		2		N/M		N/M		(13)		(2)		N/M
Preferred stock dividends	(25)		(72)		(25)		(72)		(46)		N/M		N/M		(194)		(235)		N/M
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,130	$	1,110	$	1,143	$	953	$	162	2	%	598	%	$	4,336	$	3,067	41	%

Average common shares and equivalents outstanding: Basic	726,568		736,547		746,904		756,937		767,146		(1)	%	(5)	%	742,588		784,069		(5)	%
Diluted	733,720		742,080		751,596		762,268		772,102		(1)	%	(5)	%	748,101		787,798		(5)	%

Earnings per common share: Basic	$	1.56	$	1.51	$	1.53	$	1.26	$	0.21	3	%	643	%	$	5.84	$	3.91	49	%
Diluted	$	1.54	$	1.50	$	1.52	$	1.25	$	0.21	3	%	633	%	$	5.80	$	3.89	49	%
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET

	2024								2023
(dollars in millions)	Dec. 31		Sept. 30		June 30		March 31		Dec. 31
Assets
Cash and due from banks	$	4,178	$	6,234	$	5,311	$	5,305	$	4,922
Interest-bearing deposits with the Federal Reserve and other central banks	89,546		102,231		116,139		119,197		111,550
Interest-bearing deposits with banks	9,612		9,354		11,488		10,636		12,139
Federal funds sold and securities purchased under resale agreements	41,146		36,164		29,723		29,661		28,900
Securities	136,627		141,876		136,850		138,909		126,395
Trading assets	13,981		12,459		9,609		10,078		10,058
Loans	71,570		69,451		70,642		73,615		66,879
Allowance for loan losses	(294)		(296)		(286)		(322)		(303)
Net loans	71,276		69,155		70,356		73,293		66,576
Premises and equipment	3,266		3,380		3,267		3,136		3,163
Accrued interest receivable	1,293		1,319		1,253		1,343		1,150
Goodwill	16,598		16,338		16,217		16,228		16,261
Intangible assets	2,851		2,824		2,826		2,839		2,854
Other assets	25,690		26,127		25,500		24,103		25,909
Total assets	$	416,064	$	427,461	$	428,539	$	434,728	$	409,877
Liabilities
Deposits	$	289,524	$	296,438	$	304,311	$	309,020	$	283,669
Federal funds purchased and securities sold under repurchase agreements	14,064		14,574		15,701		15,112		14,507
Trading liabilities	4,865		4,553		3,372		3,100		6,226
Payables to customers and broker-dealers	20,073		19,741		17,569		19,392		18,395
Commercial paper	301		301		301		—		—
Other borrowed funds	225		401		280		306		479
Accrued taxes and other expenses	5,270		5,138		4,729		4,395		5,411
Other liabilities	9,124		10,726		10,208		10,245		9,028
Long-term debt	30,854		33,199		30,947		32,396		31,257
Total liabilities	374,300		385,071		387,418		393,966		368,972
Temporary equity
Redeemable noncontrolling interests	87		107		92		82		85
Permanent equity
Preferred stock	4,343		4,343		4,343		4,343		4,343
Common stock	14		14		14		14		14
Additional paid-in capital	29,321		29,230		29,139		29,055		28,908
Retained earnings	42,537		41,756		40,999		40,178		39,549
Accumulated other comprehensive loss, net of tax	(4,656)		(3,867)		(4,900)		(4,876)		(4,893)
Less: Treasury stock, at cost	(30,241)		(29,484)		(28,752)		(28,145)		(27,151)
Total The Bank of New York Mellon Corporation shareholders’ equity	41,318		41,992		40,843		40,569		40,770
Nonredeemable noncontrolling interests of consolidated investment management funds	359		291		186		111		50
Total permanent equity	41,677		42,283		41,029		40,680		40,820
Total liabilities, temporary equity and permanent equity	$	416,064	$	427,461	$	428,539	$	434,728	$	409,877


THE BANK OF NEW YORK MELLON CORPORATION
FEE AND OTHER REVENUE

											4Q24 vs.								FY24 vs.
(dollars in millions)	4Q24		3Q24		2Q24		1Q24		4Q23		3Q24		4Q23		FY24		FY23		FY23
Investment services fees	$	2,438	$	2,344	$	2,359	$	2,278	$	2,242	4	%	9	%	$	9,419	$	8,843	7	%
Investment management and performance fees:
Investment management fees (a)	788		781		753		766		724		1		9		3,088		2,977		4
Performance fees	20		13		8		10		19		N/M		N/M		51		81		N/M
Total investment management and performance fees (b)	808		794		761		776		743		2		9		3,139		3,058		3
Foreign exchange revenue	177		175		184		152		143		1		24		688		631		9
Financing-related fees	53		53		53		57		45		—		18		216		192		13
Distribution and servicing fees	37		38		41		42		41		(3)		(10)		158		148		7
Total fee revenue	3,513		3,404		3,398		3,305		3,214		3		9		13,620		12,872		6
Investment and other revenue:
(Loss) income from consolidated investment management funds	(5)		28		8		15		26		N/M		N/M		46		30		N/M
Seed capital gains (c)	3		3		—		14		18		N/M		N/M		20		29		N/M
Other trading revenue	89		79		77		69		47		N/M		N/M		314		231		N/M
Renewable energy investment gains	5		6		8		6		2		N/M		N/M		25		28		N/M
Corporate/bank-owned life insurance	47		36		26		28		39		N/M		N/M		137		118		N/M
Other investments gains (d)	8		12		30		17		55		N/M		N/M		67		47		N/M
Disposal (losses)	—		—		—		—		(6)		N/M		N/M		—		(6)		N/M
Expense reimbursements from joint venture	29		32		30		27		28		N/M		N/M		118		117		N/M
Other income (loss)	14		17		7		7		(118)		N/M		N/M		45		(46)		N/M
Net securities (losses)	(50)		(17)		(17)		(1)		(48)		N/M		N/M		(85)		(68)		N/M
Total investment and other revenue	140		196		169		182		43		N/M		N/M		687		480		N/M
Total fee and other revenue	$	3,653	$	3,600	$	3,567	$	3,487	$	3,257	1	%	12	%	$	14,307	$	13,352	7	%
(a) Excludes seed capital gains (losses) related to consolidated investment management funds.
(b) On a constant currency basis, investment management and performance fees increased 8% (Non-GAAP) compared with 4Q23. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.
(c) Includes gains (losses) on investments in BNY funds which hedge deferred incentive awards.
(d) Includes strategic equity, private equity and other investments.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
AVERAGE BALANCES AND INTEREST RATES
	4Q24					3Q24					2Q24					1Q24					4Q23
	Average balance		Average rate			Average balance		Average rate			Average balance		Average rate			Average balance		Average rate			Average balance		Average rate
(dollars in millions; average rates are annualized)
Assets
Interest-earning assets:
Interest-bearing deposits with the Federal Reserve and other central banks	$	94,337	4.18	%		$	100,611	4.62	%		$	102,257	4.65	%		$	102,795	4.69	%		$	107,291	4.72	%
Interest-bearing deposits with banks	10,479		3.54			10,559		4.15			11,210		3.91			11,724		4.16			12,110		4.26
Federal funds sold and securities purchased under resale agreements	37,939		31.22		(a)	31,183		36.65		(a)	29,013		36.48		(a)	27,019		36.22		(a)	25,753		35.55		(a)
Loans	69,211		6.17			69,205		6.57			68,283		6.58			65,844		6.48			65,677		6.43
Securities:
U.S. government obligations	27,223		3.47			28,490		3.71			28,347		3.82			27,242		3.70			28,641		3.40
U.S. government agency obligations	63,166		3.31			62,572		3.26			62,549		3.29			63,135		3.22			59,067		2.95
Other securities	49,675		3.76			48,647		4.00			46,828		4.04			43,528		4.01			39,415		4.03
Total investment securities	140,064		3.50			139,709		3.61			137,724		3.66			133,905		3.57			127,123		3.39
Trading securities (b)	5,738		6.13			5,667		5.33			5,146		5.89			4,846		5.75			6,220		5.59
Total securities (b)	145,802		3.61			145,376		3.68			142,870		3.74			138,751		3.65			133,343		3.49
Total interest-earning assets (b)	$	357,768	7.18	%		$	356,934	7.40	%		$	353,633	7.24	%		$	346,133	7.06	%		$	344,174	6.86	%
Noninterest-earning assets	62,576					59,463					58,866					57,852					57,431
Total assets	$	420,344				$	416,397				$	412,499				$	403,985				$	401,605

Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits	$	235,281	3.27	%		$	236,724	3.82	%		$	235,878	3.85	%		$	228,897	3.84	%		$	220,408	3.79	%
Federal funds purchased and securities sold under repurchase agreements	17,599		60.52		(a)	16,584		62.85		(a)	17,711		55.26		(a)	16,133		55.91		(a)	16,065		52.41		(a)
Trading liabilities	1,887		4.61			1,844		4.83			1,689		5.43			1,649		5.11			2,857		4.83
Other borrowed funds	484		2.32			418		3.15			351		8.61			502		3.47			465		5.56
Commercial paper	2,336		4.83			1,474		5.50			954		5.54			8		5.42			5		5.40
Payables to customers and broker-dealers	13,672		4.77			12,737		5.29			12,066		5.35			12,420		4.74			12,586		4.67
Long-term debt	31,506		5.58			33,154		5.93			31,506		5.92			31,087		5.82			30,702		5.70
Total interest-bearing liabilities	$	302,765	6.92	%		$	302,935	7.36	%		$	300,155	7.18	%		$	290,696	6.99	%		$	283,088	6.81	%
Total noninterest-bearing deposits	51,207					47,962					48,965					49,949					52,667
Other noninterest-bearing liabilities	24,790					24,122					22,839					23,005					24,962
Total The Bank of New York Mellon Corporation shareholders’ equity	41,266					41,115					40,387					40,248					40,823
Noncontrolling interests	316					263					153					87					65
Total liabilities and equity	$	420,344				$	416,397				$	412,499				$	403,985				$	401,605
Net interest margin			1.32	%				1.16	%				1.15	%				1.19	%				1.26	%
Net interest margin (FTE) – Non-GAAP (c)			1.32	%				1.16	%				1.15	%				1.19	%				1.26	%
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $208 billion for 4Q24, $179 billion for 3Q24, $163 billion for 2Q24, $151 billion for 1Q24 and $141 billion for 4Q23. On a Non-GAAP basis, excluding the impact of offsetting, the yield on federal funds sold and securities purchased under resale agreements would have been 4.82% for 4Q24, 5.43% for 3Q24, 5.51% for 2Q24, 5.49% for 1Q24 and 5.48% for 4Q23. On a Non-GAAP basis, excluding the impact of offsetting, the rate on federal funds purchased and securities sold under repurchase agreements would have been 4.73% for 4Q24, 5.32% for 3Q24, 5.41% for 2Q24, 5.38% for 1Q24 and 5.35% for 4Q23. We believe providing the rates excluding the impact of netting is useful to investors as it is more reflective of the actual rates earned and paid.
(b) Average rates were calculated on an FTE basis, at tax rates of approximately 21%.
(c) See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.


THE BANK OF NEW YORK MELLON CORPORATION
CAPITAL AND LIQUIDITY

	2024												2023
(dollars in millions)	Dec. 31			Sept. 30			June 30			March 31				Dec. 31
Consolidated regulatory capital ratios (a)
Standardized Approach:
CET1 capital	$	18,754		$	19,687		$	18,671		$	18,383			$	18,534
Tier 1 capital	23,034			23,972			23,006			22,723				22,863
Total capital	24,813			25,865			24,538			24,310				24,414
Risk-weighted assets	167,653			165,652			164,094			169,909				156,178

CET1 ratio	11.2		%	11.9		%	11.4		%	10.8		%		11.9		%
Tier 1 capital ratio	13.7			14.5			14.0			13.4				14.6
Total capital ratio	14.8			15.6			15.0			14.3				15.6

Advanced Approaches:
CET1 capital	$	18,754		$	19,687		$	18,671		$	18,383			$	18,534
Tier 1 capital	23,034			23,972			23,006			22,723				22,863
Total capital	24,507			25,534			24,201			23,940				24,085
Risk-weighted assets	160,416			163,858			161,778			165,663				161,528

CET1 ratio	11.7		%	12.0		%	11.5		%	11.1		%		11.5		%
Tier 1 capital ratio	14.4			14.6			14.2			13.7				14.2
Total capital ratio	15.3			15.6			15.0			14.5				14.9

Tier 1 leverage ratio (a):
Average assets for Tier 1 leverage ratio	$	402,064		$	398,381		$	394,672		$	386,148			$	383,705
Tier 1 leverage ratio	5.7		%	6.0		%	5.8		%	5.9		%		6.0		%

SLR (a):
Leverage exposure	$	353,615		$	342,942		$	336,971		$	325,801			$	313,555
SLR	6.5		%	7.0		%	6.8		%	7.0		%		7.3		%

Average liquidity coverage ratio (a)	115		%	116		%	115		%	117		%		117		%
Average net stable funding ratio (a)	132		%	132		%	132		%	136		%		135		%
(a) Regulatory capital and liquidity ratios for Dec. 31, 2024 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for Dec. 31, 2024 was the Standardized Approach, for Sept. 30, 2024 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, for June 30, 2024 and March 31, 2024 was the Standardized Approach, and for Dec. 31, 2023 was the Advanced Approaches.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT

																4Q24 vs.										FY24 vs.
(dollars in millions)	4Q24			3Q24			2Q24			1Q24			4Q23			3Q24		4Q23		FY24			FY23			FY23
Revenue:
Investment services fees:
Asset Servicing	$	1,042		$	1,021		$	1,018		$	1,013		$	975		2	%	7	%	$	4,094		$	3,872		6	%
Issuer Services	295			285			322			261			285			4		4		1,163			1,121			4
Total investment services fees	1,337			1,306			1,340			1,274			1,260			2		6		5,257			4,993			5
Foreign exchange revenue	147			137			144			124			118			7		25		552			488			13
Other fees (a)	62			57			56			59			54			9		15		234			215			9
Total fee revenue	1,546			1,500			1,540			1,457			1,432			3		8		6,043			5,696			6
Investment and other revenue	97			105			104			99			112			N/M		N/M		405			333			N/M
Total fee and other revenue	1,643			1,605			1,644			1,556			1,544			2		6		6,448			6,029			7
Net interest income	681			609			595			583			635			12		7		2,468			2,569			(4)
Total revenue	2,324			2,214			2,239			2,139			2,179			5		7		8,916			8,598			4
Provision for credit losses	15			15			(3)			11			64			N/M		N/M		38			99			N/M
Noninterest expense (ex. amortization of intangible assets)	1,659			1,550			1,547			1,530			1,645			7		1		6,286			6,327			(1)
Amortization of intangible assets	7			7			7			7			8			—		(13)		28			31			(10)
Total noninterest expense	1,666			1,557			1,554			1,537			1,653			7		1		6,314			6,358			(1)
Income before income taxes	$	643		$	642		$	688		$	591		$	462		—	%	39	%	$	2,564		$	2,141		20	%


Total revenue by line of business:
Asset Servicing	$	1,797		$	1,720		$	1,687		$	1,668		$	1,675		4	%	7	%	$	6,872		$	6,612		4	%
Issuer Services	527			494			552			471			504			7		5		2,044			1,986			3
Total revenue by line of business	$	2,324		$	2,214		$	2,239		$	2,139		$	2,179		5	%	7	%	$	8,916		$	8,598		4	%

Financial ratios:
Pre-tax operating margin	28		%	29		%	31		%	28		%	21		%					29		%	25		%

Memo: Securities lending revenue (b)	$	52		$	47		$	46		$	46		$	48		11	%	8	%	$	191		$	189		1	%
(a) Other fees primarily include financing-related fees.
(b) Included in investment services fees reported in the Asset Servicing line of business.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT

											4Q24 vs.								FY24 vs.
(dollars in millions, unless otherwise noted)	4Q24		3Q24		2Q24		1Q24		4Q23		3Q24		4Q23		FY24		FY23		FY23
Selected balance sheet data:
Average loans	$	11,553	$	11,077	$	11,103	$	11,204	$	11,366	4	%	2	%	$	11,235	$	11,207	—	%
Average assets (a)	$	200,277	$	199,057	$	196,015	$	191,544	$	200,040	1	%	—	%	$	196,740	$	197,434	—	%
Average deposits	$	180,843	$	180,500	$	178,495	$	174,687	$	171,086	—	%	6	%	$	178,643	$	168,411	6	%

Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	37.7	$	37.5	$	35.7	$	35.4	$	34.2	1	%	10	%	$	37.7	$	34.2	10	%
Market value of securities on loan at period end (in billions) (d)	$	488	$	484	$	481	$	486	$	450	1	%	8	%	$	488	$	450	8	%

Issuer Services
Total debt serviced at period end (in trillions)	$	14.1	$	14.3	$	14.1	$	14.0	$	14.0	(1)	%	1	%	$	14.1	$	14.0	1	%
Number of sponsored Depositary Receipts programs at period end	499		507		516		527		543		(2)	%	(8)	%	499		543		(8)	%
(a) In business segments where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.
(b) Dec. 31, 2024 information is preliminary.
(c) Consists of AUC/A primarily from the Asset Servicing line of business and, to a lesser extent, the Issuer Services line of business. Includes the AUC/A of CIBC Mellon of $1.8 trillion at Dec. 31, 2024, $1.9 trillion at Sept. 30, 2024 and $1.7 trillion at June 30, 2024, March 31, 2024 and Dec. 31, 2023.
(d) Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY acts as agent on behalf of CIBC Mellon clients, which totaled $60 billion at Dec. 31, 2024, $67 billion at Sept. 30, 2024, $66 billion at June 30, 2024, $64 billion at March 31, 2024 and $63 billion at Dec. 31, 2023.


THE BANK OF NEW YORK MELLON CORPORATION
MARKET AND WEALTH SERVICES BUSINESS SEGMENT

																4Q24 vs.										FY24 vs.
(dollars in millions)	4Q24			3Q24			2Q24			1Q24			4Q23			3Q24		4Q23		FY24			FY23			FY23
Revenue:
Investment services fees:
Pershing	$	516		$	475		$	474		$	482		$	472		9	%	9	%	$	1,947		$	1,885		3	%
Treasury Services	206			200			202			184			179			3		15		792			717			10
Clearance and Collateral Management	364			354			338			329			322			3		13		1,385			1,212			14
Total investment services fees	1,086			1,029			1,014			995			973			6		12		4,124			3,814			8
Foreign exchange revenue	27			23			23			24			21			17		29		97			81			20
Other fees (a)	61			58			58			58			50			5		22		235			202			16
Total fee revenue	1,174			1,110			1,095			1,077			1,044			6		12		4,456			4,097			9
Investment and other revenue	19			20			23			17			16			N/M		N/M		79			63			N/M
Total fee and other revenue	1,193			1,130			1,118			1,094			1,060			6		13		4,535			4,160			9
Net interest income	474			415			417			423			436			14		9		1,729			1,710			1
Total revenue	1,667			1,545			1,535			1,517			1,496			8		11		6,264			5,870			7
Provision for credit losses	9			7			(2)			5			28			N/M		N/M		19			41			N/M
Noninterest expense (ex. amortization of intangible assets)	851			833			832			833			836			2		2		3,349			3,199			5
Amortization of intangible assets	1			1			1			1			1			—		—		4			6			(33)
Total noninterest expense	852			834			833			834			837			2		2		3,353			3,205			5
Income before income taxes	$	806		$	704		$	704		$	678		$	631		14	%	28	%	$	2,892		$	2,624		10	%


Total revenue by line of business:
Pershing	$	705		$	649		$	663		$	670		$	669		9	%	5	%	$	2,687		$	2,616		3	%
Treasury Services	471			424			426			416			408			11		15		1,737			1,637			6
Clearance and Collateral Management	491			472			446			431			419			4		17		1,840			1,617			14
Total revenue by line of business	$	1,667		$	1,545		$	1,535		$	1,517		$	1,496		8	%	11	%	$	6,264		$	5,870		7	%


Financial ratios:
Pre-tax operating margin	48		%	46		%	46		%	45		%	42		%					46		%	45		%
(a) Other fees primarily include financing-related fees.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
MARKET AND WEALTH SERVICES BUSINESS SEGMENT

											4Q24 vs.								FY24 vs.
(dollars in millions, unless otherwise noted)	4Q24		3Q24		2Q24		1Q24		4Q23		3Q24		4Q23		FY24		FY23		FY23
Selected balance sheet data:
Average loans	$	42,217	$	42,730	$	41,893	$	39,271	$	39,200	(1)	%	8	%	$	41,533	$	37,502	11	%
Average assets (a)	$	126,919	$	122,526	$	124,790	$	123,552	$	132,357	4	%	(4)	%	$	124,448	$	131,383	(5)	%
Average deposits	$	90,980	$	88,856	$	91,371	$	89,539	$	87,695	2	%	4	%	$	90,185	$	85,785	5	%

Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	14.1	$	14.3	$	13.4	$	13.1	$	13.3	(1)	%	6	%	$	14.1	$	13.3	6	%

Pershing
AUC/A at period end (in trillions) (b)	$	2.7	$	2.7	$	2.6	$	2.6	$	2.5	—	%	8	%	$	2.7	$	2.5	8	%
Net new assets (U.S. platform) (in billions) (d)	$	41	$	(22)	$	(23)	$	(2)	$	(4)	N/M		N/M		$	(6)	$	22	N/M
Daily average revenue trades (“DARTs”) (U.S. platform) (in thousands)	254		251		280		290		229		1	%	11	%	269		234		15	%
Average active clearing accounts (in thousands)	8,260		8,085		8,057		7,991		8,012		2	%	3	%	8,098		7,946		2	%

Treasury Services
Average daily U.S. dollar payment volumes	250,714		242,243		241,253		237,124		243,005		3	%	3	%	242,997		236,696		3	%

Clearance and Collateral Management
Average tri-party collateral management balances (in billions)	$	5,561	$	5,511	$	5,298	$	5,157	$	5,248	1	%	6	%	$	5,383	$	5,658	(5)	%
(a) In business segments where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.
(b) Dec. 31, 2024 information is preliminary.
(c) Consists of AUC/A from the Clearance and Collateral Management and Pershing lines of business.
(d) Net new assets represent net flows of assets (e.g., net cash deposits and net securities transfers, including dividends and interest) in customer accounts in Pershing LLC, a U.S. broker-dealer.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT

																4Q24 vs.										FY24 vs.
(dollars in millions)	4Q24			3Q24			2Q24			1Q24			4Q23			3Q24		4Q23		FY24			FY23			FY23
Revenue:
Investment management fees	$	789		$	782		$	754		$	768		$	725		1	%	9	%	$	3,093		$	2,981		4	%
Performance fees	20			13			8			10			19			N/M		N/M		51			81			N/M
Investment management and performance fees (a)	809			795			762			778			744			2		9		3,144			3,062			3
Distribution and servicing fees	68			68			69			70			66			—		3		275			241			14
Other fees (b)	(64)			(68)			(64)			(60)			(55)			N/M		N/M		(256)			(214)			N/M
Total fee revenue	813			795			767			788			755			2		8		3,163			3,089			2
Investment and other revenue (c)	13			9			11			17			(121)			N/M		N/M		50			(102)			N/M
Total fee and other revenue (c)	826			804			778			805			634			3		30		3,213			2,987			8
Net interest income	47			45			43			41			45			4		4		176			168			5
Total revenue	873			849			821			846			679			3		29		3,389			3,155			7
Provision for credit losses	—			1			4			(1)			(2)			N/M		N/M		4			(4)			N/M
Noninterest expense (ex. amortization of intangible assets)	695			668			663			736			680			4		2		2,762			2,756			—

Amortization of intangible assets	5			4			5			4			5			25		—		18			20			(10)
Total noninterest expense	700			672			668			740			685			4		2		2,780			2,776			—
Income (loss) before income taxes	$	173		$	176		$	149		$	107		$	(4)		(2)	%	N/M		$	605		$	383		58	%


Total revenue by line of business:
Investment Management	$	585		$	569		$	549		$	576		$	415		3	%	41	%	$	2,279		$	2,097		9	%
Wealth Management	288			280			272			270			264			3		9		1,110			1,058			5
Total revenue by line of business	$	873		$	849		$	821		$	846		$	679		3	%	29	%	$	3,389		$	3,155		7	%

Financial ratios:
Pre-tax operating margin	20		%	21		%	18		%	13		%	(1)		%					18		%	12		%
Adjusted pre-tax operating margin – Non-GAAP (d)	22		%	23		%	20		%	14		%	(1)		%					20		%	14		%

Selected balance sheet data:
Average loans	$	13,718		$	13,648		$	13,520		$	13,553		$	13,405		1	%	2	%	$	13,610		$	13,718		(1)	%
Average assets (e)	$	26,706		$	26,525		$	26,031		$	26,272		$	26,341		1	%	1	%	$	26,385		$	26,714		(1)	%
Average deposits	$	9,967		$	10,032		$	11,005		$	11,364		$	12,039		(1)	%	(17)	%	$	10,589		$	14,280		(26)	%
(a) On a constant currency basis, investment management and performance fees increased 8% (Non-GAAP) compared with 4Q23. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.
(b) Other fees primarily include investment services fees.
(c) Investment and other revenue and total fee and other revenue are net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds.
(d) Net of distribution and servicing expense. See “Explanation of GAAP and Non-GAAP Financial Measures” beginning on page 18 for the reconciliation of this Non-GAAP measure.
(e) In business segments where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
AUM BY PRODUCT TYPE, CHANGES IN AUM AND WEALTH MANAGEMENT CLIENT ASSETS

												4Q24 vs.									FY24 vs.
(dollars in billions)	4Q24		3Q24		2Q24		1Q24			4Q23		3Q24		4Q23		FY24			FY23		FY23
AUM by product type (a)(b):
Equity	$	162	$	173	$	167	$	168		$	145	(6)	%	12	%
Fixed income	221		235		221		219			205		(6)		8
Index	491		498		485		474			459		(1)		7
Liability-driven investments	548		637		598		573			605		(14)		(9)
Multi-asset and alternative investments	171		175		173		174			170		(2)		1
Cash	436		426		401		407			390		2		12
Total AUM	$	2,029	$	2,144	$	2,045	$	2,015		$	1,974	(5)	%	3	%

Changes in AUM (a)(b):
Beginning balance of AUM	$	2,144	$	2,045	$	2,015	$	1,974		$	1,821					$	1,974		$	1,836
Net inflows (outflows):
Long-term strategies:
Equity	(5)		(2)		(4)		(4)			(2)						(15)			(12)
Fixed income	(2)		4		4		12			3						18			(4)
Liability-driven investments	(11)		(4)		4		13			4						2			12
Multi-asset and alternative investments	(2)		(6)		(2)		(5)			(1)						(15)			(9)
Total long-term active strategies (outflows) inflows	(20)		(8)		2		16			4						(10)			(13)
Index	(7)		(16)		(4)		(15)			(10)						(42)			(12)
Total long-term strategies (outflows) inflows	(27)		(24)		(2)		1			(6)						(52)			(25)
Short-term strategies:
Cash	12		24		(7)		16			7						45			5
Total net (outflows) inflows	(15)		—		(9)		17			1						(7)			(20)
Net market impact	(45)		58		40		16			122						69			121
Net currency impact	(55)		41		(1)		(10)			30						(25)			37
Other	—		—		—		18		(c)	—						18		(c)	—
Ending balance of AUM	$	2,029	$	2,144	$	2,045	$	2,015		$	1,974	(5)	%	3	%	$	2,029		$	1,974	3	%

Wealth Management client assets (a)(d)	$	327	$	333	$	308	$	309		$	312	(2)	%	5	%
(a) Dec. 31, 2024 information is preliminary.
(b) Represents assets managed in the Investment and Wealth Management business segment.
(c) Reflects the realignment of similar products and services within our lines of business. Refer to Form 8-K dated March 26, 2024 for further information.
(d) Includes AUM and AUC/A in the Wealth Management line of business.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES PORTFOLIO

(dollars in millions)	Sept. 30, 2024			4Q24 change in unrealized gain (loss)		Dec. 31, 2024					Fair value as a % of amortized cost (a)		Unrealized gain (loss)			% Floating rate (b)		Ratings (c)
						Amortized cost (a)		Fair value										AAA/ AA-		A+/ A-		BBB+/ BBB-		BB+ and lower		Not rated
	Fair value
Agency RMBS	$	42,779		$	(1,093)	$	46,263	$	42,243		91	%	$	(4,020)		26	%	100	%	—	%	—	%	—	%	—	%
Non-U.S. government (d)	29,337			(40)		29,591		29,269			99		(322)			24		95		2		2		1		—
U.S. Treasury	29,653			(203)		26,786		26,141			98		(645)			64		100		—		—		—		—
Agency commercial MBS	10,810			(82)		11,042		10,579			96		(463)			43		100		—		—		—		—
CLOs	7,822			2		7,621		7,637			100		16			100		100		—		—		—		—
Foreign covered bonds	7,687			(3)		7,667		7,606			99		(61)			40		100		—		—		—		—
U.S. government agencies	6,248			(53)		6,072		5,739			95		(333)			30		100		—		—		—		—
Non-agency commercial MBS	2,769			(6)		2,706		2,551			94		(155)			45		100		—		—		—		—
Non-agency RMBS	1,598			(17)		1,653		1,499			91		(154)			41		98		2		—		—		—
Other asset-backed securities	647			—		654		615			94		(39)			16		100		—		—		—		—
Other debt securities	10			1		11		10			87		(1)			—		—		—		—		—		100
Total securities	$	139,360	(e)	$	(1,494)	$	140,066	$	133,889	(e)(f)	96	%	$	(6,177)	(e)(g)	40	%	99	%	1	%	—	%	—	%	—	%
(a) Amortized cost is net of allowance for credit losses.
(b) Includes the impact of hedges.
(c) Represents ratings by S&P, or the equivalent.
(d) Includes supranational securities.
(e) Includes net unrealized gains on derivatives hedging securities available-for-sale (including discontinued hedges) of $1,141 million at Sept. 30, 2024 and $1,838 million at Dec. 31, 2024.
(f) The fair value of available-for-sale securities totaled $89,869 million at Dec. 31, 2024, net of hedges, or 67% of the fair value of the securities portfolio, net of hedges. The fair value of the held-to-maturity securities totaled $44,020 million at Dec. 31, 2024, or 33% of the fair value of the securities portfolio, net of hedges.
(g) At Dec. 31, 2024, includes pre-tax net unrealized losses of $1,601 million related to available-for-sale securities, net of hedges, and $4,576 million related to held-to-maturity securities. The after-tax unrealized losses, net of hedges, related to available-for-sale securities was $1,210 million and the after-tax equivalent related to held-to-maturity securities was $3,490 million.
Note: At Dec. 31, 2024, the amortizable purchase premium (net of discount) relating to securities was $57 million, and the accumulated basis adjustments on discontinued hedges of securities, which will also be accreted to net interest income over the remaining life of the security, was $663 million. Including the discontinued hedges, net accretion was $66 million in 4Q24.


THE BANK OF NEW YORK MELLON CORPORATION
ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS

	2024												2023
(dollars in millions)	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
Allowance for credit losses – beginning of period:
Allowance for loan losses	$	296		$	286		$	322		$	303		$	211
Allowance for lending-related commitments	75			73			81			87			85
Allowance for other financial instruments (a)	30			37			37			24			29
Allowance for credit losses – beginning of period	$	401		$	396		$	440		$	414		$	325

Net (charge-offs) recoveries:
Charge-offs	(30)			(18)			(44)			(1)			—
Recoveries	1			—			—			—			5
Total net (charge-offs) recoveries	(29)			(18)			(44)			(1)			5
Provision for credit losses (b)	20			23			—			27			84
Allowance for credit losses – end of period	$	392		$	401		$	396		$	440		$	414

Allowance for credit losses – end of period:
Allowance for loan losses	$	294		$	296		$	286		$	322		$	303
Allowance for lending-related commitments	72			75			73			81			87
Allowance for other financial instruments (a)	26			30			37			37			24
Allowance for credit losses – end of period	$	392		$	401		$	396		$	440		$	414

Allowance for loan losses as a percentage of total loans	0.41		%	0.43		%	0.40		%	0.44		%	0.45		%

Nonperforming assets	$	179		$	211		$	227		$	278		$	237
(a) Includes allowance for credit losses on federal funds sold and securities purchased under resale agreements, available-for-sale securities, held-to-maturity securities, accounts receivable, cash and due from banks and interest-bearing deposits with banks.
(b) Includes all instruments within the scope of ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments.


THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES

BNY has included in this Financial Supplement certain Non-GAAP financial measures on a tangible basis as a supplement to GAAP information, which exclude goodwill and intangible assets, net of deferred tax liabilities. We believe that the return on tangible common equity – Non-GAAP is additional useful information for investors because it presents a measure of those assets that can generate income, and the tangible book value per common share – Non-GAAP is additional useful information because it presents the level of tangible assets in relation to shares of common stock outstanding.

Net interest income, on a fully taxable equivalent (“FTE”) basis – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income which allows for the comparison of amounts arising from both taxable and tax-exempt sources and is consistent with industry practice. The adjustment to an FTE basis has no impact on net income.

BNY has also included the adjusted pre-tax operating margin – Non-GAAP, which is the pre-tax operating margin for the Investment and Wealth Management business segment, net of distribution and servicing expense that was passed to third parties who distribute or service our managed funds. We believe that this measure is useful when evaluating the performance of the Investment and Wealth Management business segment relative to industry competitors.

The presentation of the growth rates of investment management and performance fees on a constant currency basis permits investors to assess the significance of changes in foreign currency exchange rates. Growth rates on a constant currency basis were determined by applying the current period foreign currency exchange rates to the prior period revenue. We believe that this presentation, as a supplement to GAAP information, gives investors a clearer picture of the related revenue results without the variability caused by fluctuations in foreign currency exchange rates.

Notes:


Quarterly returns on common and tangible common equity ratios are annualized.



Return on common equity and tangible common equity reconciliation
(dollars in millions)	4Q24			3Q24			2Q24			1Q24			4Q23			FY24			FY23
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	1,130		$	1,110		$	1,143		$	953		$	162		$	4,336		$	3,067
Add: Amortization of intangible assets	13			12			13			12			14			50			57
Less: Tax impact of amortization of intangible assets	3			3			3			3			4			12			14
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	1,140		$	1,119		$	1,153		$	962		$	172		$	4,374		$	3,110

Average common shareholders’ equity	$	36,923		$	36,772		$	36,044		$	35,905		$	36,050		$	36,413		$	35,767
Less: Average goodwill	16,515			16,281			16,229			16,238			16,199			16,316			16,204
Average intangible assets	2,846			2,827			2,834			2,848			2,858			2,839			2,880
Add: Deferred tax liability – tax deductible goodwill	1,221			1,220			1,213			1,209			1,205			1,221			1,205
Deferred tax liability – intangible assets	665			656			655			655			657			665			657
Average tangible common shareholders’ equity – Non-GAAP	$	19,448		$	19,540		$	18,849		$	18,683		$	18,855		$	19,144		$	18,545

Return on common equity – GAAP	12.2		%	12.0		%	12.7		%	10.7		%	1.8		%	11.9		%	8.6		%
Return on tangible common equity – Non-GAAP	23.3		%	22.8		%	24.6		%	20.7		%	3.6		%	22.8		%	16.8		%


THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Book value and tangible book value per common share reconciliation	2024												2023
(dollars in millions, except common shares and unless otherwise noted)	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
BNY shareholders’ equity at period end – GAAP	$	41,318		$	41,992		$	40,843		$	40,569		$	40,770
Less: Preferred stock	4,343			4,343			4,343			4,343			4,343
BNY common shareholders’ equity at period end – GAAP	36,975			37,649			36,500			36,226			36,427
Less: Goodwill	16,598			16,338			16,217			16,228			16,261
Intangible assets	2,851			2,824			2,826			2,839			2,854
Add: Deferred tax liability – tax deductible goodwill	1,221			1,220			1,213			1,209			1,205
Deferred tax liability – intangible assets	665			656			655			655			657
BNY tangible common shareholders’ equity at period end – Non-GAAP	$	19,412		$	20,363		$	19,325		$	19,023		$	19,174

Period-end common shares outstanding (in thousands)	717,680			727,078			737,957			747,816			759,344

Book value per common share – GAAP	$	51.52		$	51.78		$	49.46		$	48.44		$	47.97
Tangible book value per common share – Non-GAAP	$	27.05		$	28.01		$	26.19		$	25.44		$	25.25



Net interest margin reconciliation
(dollars in millions)	4Q24			3Q24			2Q24			1Q24			4Q23
Net interest income – GAAP	$	1,194		$	1,048		$	1,030		$	1,040		$	1,101
Add: Tax equivalent adjustment	1			—			1			—			1
Net interest income (FTE) – Non-GAAP	$	1,195		$	1,048		$	1,031		$	1,040		$	1,102

Average interest-earning assets	$	357,768		$	356,934		$	353,633		$	346,133		$	344,174

Net interest margin – GAAP (a)	1.32		%	1.16		%	1.15		%	1.19		%	1.26		%
Net interest margin (FTE) – Non-GAAP (a)	1.32		%	1.16		%	1.15		%	1.19		%	1.26		%
(a) Net interest margin is annualized.


THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Pre-tax operating margin reconciliation - Investment and Wealth Management business segment
(dollars in millions)	4Q24			3Q24			2Q24			1Q24			4Q23			FY24			FY23
Income (loss) before income taxes – GAAP	$	173		$	176		$	149		$	107		$	(4)		$	605		$	383

Total revenue – GAAP	$	873		$	849		$	821		$	846		$	679		$	3,389		$	3,155
Less: Distribution and servicing expense	88			91			88			96			89			363			355
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP	$	785		$	758		$	733		$	750		$	590		$	3,026		$	2,800

Pre-tax operating margin – GAAP (a)	20		%	21		%	18		%	13		%	(1)		%	18		%	12		%
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a)	22		%	23		%	20		%	14		%	(1)		%	20		%	14		%
(a) Income before income taxes divided by total revenue.



Constant currency reconciliations							4Q24 vs.
(dollars in millions)	4Q24			4Q23			4Q23
Consolidated:
Investment management and performance fees – GAAP	$	808		$	743		9		%
Impact of changes in foreign currency exchange rates	—			3
Adjusted investment management and performance fees – Non-GAAP	$	808		$	746		8		%


Investment and Wealth Management business segment:
Investment management and performance fees – GAAP	$	809		$	744		9		%
Impact of changes in foreign currency exchange rates	—			3
Adjusted investment management and performance fees – Non-GAAP	$	809		$	747		8		%


Table of Contents




Consolidated Results						Page
Consolidated Financial Highlights						3
Condensed Consolidated Income Statement						4
Condensed Consolidated Balance Sheet						5
Fee and Other Revenue						6
Average Balances and Interest Rates						7
Capital and Liquidity						8

Business Segment Results
Securities Services Business Segment						9
Market and Wealth Services Business Segment						11
Investment and Wealth Management Business Segment						13
AUM by Product Type, Changes in AUM and Wealth Management Client Assets						14
Other Segment						15

Other
Securities Portfolio						16
Allowance for Credit Losses and Nonperforming Assets						17

Supplemental Information
Explanation of GAAP and Non-GAAP Financial Measures						18


The Bank of New York Mellon Corporation

Financial Supplement

Fourth Quarter 2024