Document


THE BANK OF NEW YORK MELLON CORPORATION
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)																2Q23 vs.										YTD23 vs.
	2Q23			1Q23			4Q22			3Q22			2Q22			1Q23		2Q22		YTD23			YTD22			YTD22
Selected income statement data


Fee and other revenue	$	3,354		$	3,235		$	2,862		$	3,353		$	3,430		4	%	(2)	%	$	6,589		$	6,658		(1)	%
Net interest revenue	1,100			1,128			1,056			926			824			(2)		33		2,228			1,522			46
Total revenue	4,454			4,363			3,918			4,279			4,254			2		5		8,817			8,180			8
Provision for credit losses	5			27			20			(30)			47			N/M		N/M		32			49			N/M
Noninterest expense	3,111			3,100			3,213			3,679			3,112			—		—		6,211			6,118			2
Income before income taxes	1,338			1,236			685			630			1,095			8		22		2,574			2,013			28
Provision for income taxes	270			260			142			242			231			4		17		530			384			38
Net income	$	1,068		$	976		$	543		$	388		$	864		9	%	24	%	$	2,044		$	1,629		25	%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,031		$	905		$	509		$	319		$	835		14	%	23	%	$	1,936		$	1,534		26	%
Diluted earnings per common share	$	1.30		$	1.12		$	0.62		$	0.39		$	1.03		16	%	26	%	$	2.42		$	1.88		29	%
Average common shares and equivalents outstanding – diluted (in thousands)	790,725			807,718			815,846			814,516			813,590			(2)	%	(3)	%	799,157			813,894			(2)	%

Financial ratios (Returns are annualized)
Pre-tax operating margin	30		%	28		%	17		%	15		%	26		%					29		%	25		%
Return on common equity	11.6		%	10.3		%	5.7		%	3.5		%	9.3		%					10.9		%	8.4		%
Return on tangible common equity – Non-GAAP (a)	22.6		%	20.2		%	11.5		%	7.5		%	19.2		%					21.4		%	17.2		%
Non-U.S. revenue as a percentage of total revenue	37		%	35		%	39		%	35		%	36		%					36		%	35		%

Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)	$	46.9		$	46.6		$	44.3		$	42.2		$	43.0		1	%	9	%
Assets under management (“AUM”) (in trillions)	$	1.91		$	1.91		$	1.84		$	1.78		$	1.94		—	%	(2)	%
Full-time employees	53,200			51,600			51,700			51,100			50,800			3	%	5	%
Book value per common share	$	46.35		$	45.36		$	44.40		$	43.18		$	44.73
Tangible book value per common share – Non-GAAP (a)	$	24.17		$	23.52		$	23.11		$	21.55		$	22.02
Cash dividends per common share	$	0.37		$	0.37		$	0.37		$	0.37		$	0.34
Common dividend payout ratio	29		%	34		%	60		%	95		%	33		%
Closing stock price per common share	$	44.52		$	45.44		$	45.52		$	38.52		$	41.71
Market capitalization	$	34,671		$	35,858		$	36,800		$	31,135		$	33,706
Common shares outstanding (in thousands)	778,782			789,134			808,445			808,280			808,103

Capital ratios at period end (c)
Common Equity Tier 1 ("CET1") ratio	11.1		%	11.0		%	11.2		%	10.0		%	10.0		%
Tier 1 capital ratio	14.0		%	13.9		%	14.1		%	12.8		%	12.8		%
Total capital ratio	14.8		%	14.7		%	14.9		%	13.7		%	13.6		%
Tier 1 leverage ratio	5.7		%	5.8		%	5.8		%	5.4		%	5.2		%
Supplementary leverage ratio ("SLR")	7.0		%	6.9		%	6.8		%	6.3		%	6.2		%
(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 $1.6 trillion at June 30, 2023, $1.5 trillion at March 31, 2023 and Dec. 31, 2022, $1.4 trillion at Sep. 30, 2022 and $1.5 trillion at June 30, 2022.
(c) Regulatory capital ratios for June 30, 2023 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 June 30, 2023, March 31, 2023 and Dec. 31, 2022 was the Advanced Approaches, for Sept. 30, 2022 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, and for June 30, 2022 was the Advanced Approaches.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENT

(dollars in millions, except per share amounts; common shares in thousands)											2Q23 vs.								YTD23 vs.
	2Q23		1Q23		4Q22		3Q22		2Q22		1Q23		2Q22		YTD23		YTD22		YTD22
Revenue
Investment services fees	$	2,252	$	2,119	$	2,173	$	2,157	$	2,206	6	%	2	%	$	4,371	$	4,199	4	%
Investment management and performance fees	762		776		783		800		833		(2)		(9)		1,538		1,716		(10)
Foreign exchange revenue	158		176		190		203		222		(10)		(29)		334		429		(22)
Financing-related fees	50		52		43		43		44		(4)		14		102		89		15
Distribution and servicing fees	35		33		33		33		34		6		3		68		64		6
Total fee revenue	3,257		3,156		3,222		3,236		3,339		3		(2)		6,413		6,497		(1)
Investment and other revenue	97		79		(360)		117		91		N/M		N/M		176		161		N/M
Total fee and other revenue	3,354		3,235		2,862		3,353		3,430		4		(2)		6,589		6,658		(1)
Net interest revenue	1,100		1,128		1,056		926		824		(2)		33		2,228		1,522		46
Total revenue	4,454		4,363		3,918		4,279		4,254		2		5		8,817		8,180		8
Provision for credit losses	5		27		20		(30)		47		N/M		N/M		32		49		N/M
Noninterest expense
Staff	1,718		1,791		1,802		1,673		1,623		(4)		6		3,509		3,325		6
Software and equipment	450		429		432		421		405		5		11		879		804		9
Professional, legal and other purchased services	378		375		415		363		379		1		—		753		749		1
Net occupancy	121		119		143		124		125		2		(3)		240		247		(3)
Sub-custodian and clearing	119		118		112		124		131		1		(9)		237		249		(5)
Distribution and servicing	93		85		86		88		90		9		3		178		169		5
Business development	47		39		45		34		43		21		9		86		73		18
Bank assessment charges	41		40		19		35		37		3		11		81		72		13
Goodwill impairment	—		—		—		680		—		N/M		N/M		—		—		N/M
Amortization of intangible assets	14		14		16		17		17		—		(18)		28		34		(18)
Other	130		90		143		120		262		44		(50)		220		396		(44)
Total noninterest expense	3,111		3,100		3,213		3,679		3,112		—		—		6,211		6,118		2
Income before income taxes	1,338		1,236		685		630		1,095		8		22		2,574		2,013		28
Provision for income taxes	270		260		142		242		231		4		17		530		384		38
Net income	1,068		976		543		388		864		9		24		2,044		1,629		25
Net (income) loss attributable to noncontrolling interests	(1)		—		—		—		5		N/M		N/M		(1)		13		N/M
Preferred stock dividends	(36)		(71)		(34)		(69)		(34)		N/M		N/M		(107)		(108)		N/M
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,031	$	905	$	509	$	319	$	835	14	%	23	%	$	1,936	$	1,534	26	%

Average common shares and equivalents outstanding: Basic	787,718		803,340		811,669		811,304		810,903		(2)	%	(3)	%	795,512		810,233		(2)	%
Diluted	790,725		807,718		815,846		814,516		813,590		(2)	%	(3)	%	799,157		813,894		(2)	%

Earnings per common share: Basic	$	1.31	$	1.13	$	0.63	$	0.39	$	1.03	16	%	27	%	$	2.43	$	1.89	29	%
Diluted	$	1.30	$	1.12	$	0.62	$	0.39	$	1.03	16	%	26	%	$	2.42	$	1.88	29	%
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET

	2023				2022
(in millions)	June 30		March 31		Dec. 31		Sept. 30		June 30
Assets
Cash and due from banks	$	5,720	$	5,564	$	5,030	$	4,707	$	5,185
Interest-bearing deposits with the Federal Reserve and other central banks	118,908		117,042		91,655		107,427		125,372
Interest-bearing deposits with banks	12,316		15,114		17,169		13,890		16,639
Federal funds sold and securities purchased under resale agreements	35,378		26,894		24,298		23,483		22,940
Securities	134,233		138,678		142,816		144,181		150,844
Trading assets	10,562		9,024		9,908		12,650		10,759
Loans	64,469		62,323		66,063		69,829		69,347
Allowance for loan losses	(191)		(170)		(176)		(164)		(181)
Net loans	64,278		62,153		65,887		69,665		69,166
Premises and equipment	3,241		3,248		3,256		3,311		3,354
Accrued interest receivable	963		978		858		723		548
Goodwill	16,246		16,192		16,150		16,412		17,271
Intangible assets	2,881		2,890		2,901		2,902		2,934
Other assets	25,656		27,335		25,855		28,602		27,609
Total assets	$	430,382	$	425,112	$	405,783	$	427,953	$	452,621
Liabilities
Deposits	$	292,045	$	281,294	$	278,970	$	301,989	$	325,813
Federal funds purchased and securities sold under repurchase agreements	21,285		26,540		12,335		11,339		11,434
Trading liabilities	6,319		5,705		5,385		7,494		5,595
Payables to customers and broker-dealers	21,084		22,598		23,435		23,741		25,769

Other borrowed funds	1,371		2,538		397		357		520
Accrued taxes and other expenses	5,160		4,732		5,410		5,316		5,011
Other liabilities	9,553		10,414		8,543		10,001		9,724
Long-term debt	32,463		30,489		30,458		27,820		27,610
Total liabilities	389,280		384,310		364,933		388,057		411,476
Temporary equity
Redeemable noncontrolling interests	104		96		109		152		154
Permanent equity
Preferred stock	4,838		4,838		4,838		4,838		4,838
Common stock	14		14		14		14		14
Additional paid-in capital	28,726		28,650		28,508		28,374		28,316
Retained earnings	39,199		38,465		37,864		37,660		37,644
Accumulated other comprehensive loss, net of tax	(5,602)		(5,543)		(5,966)		(6,627)		(5,307)
Less: Treasury stock, at cost	(26,242)		(25,790)		(24,524)		(24,522)		(24,521)
Total The Bank of New York Mellon Corporation shareholders’ equity	40,933		40,634		40,734		39,737		40,984
Nonredeemable noncontrolling interests of consolidated investment management funds	65		72		7		7		7
Total permanent equity	40,998		40,706		40,741		39,744		40,991
Total liabilities, temporary equity and permanent equity	$	430,382	$	425,112	$	405,783	$	427,953	$	452,621


THE BANK OF NEW YORK MELLON CORPORATION
FEE AND OTHER REVENUE

											2Q23 vs.								YTD23 vs.
(dollars in millions)	2Q23		1Q23		4Q22		3Q22		2Q22		1Q23		2Q22		YTD23		YTD22		YTD22
Investment services fees	$	2,252	$	2,119	$	2,173	$	2,157	$	2,206	6	%	2	%	$	4,371	$	4,199	4	%
Investment management and performance fees:
Investment management fees (a)	752		754		757		790		828		—		(9)		1,506		1,677		(10)
Performance fees	10		22		26		10		5		N/M		100		32		39		(18)
Total investment management and performance fees (b)	762		776		783		800		833		(2)		(9)		1,538		1,716		(10)
Foreign exchange revenue	158		176		190		203		222		(10)		(29)		334		429		(22)
Financing-related fees	50		52		43		43		44		(4)		14		102		89		15
Distribution and servicing fees	35		33		33		33		34		6		3		68		64		6
Total fee revenue	3,257		3,156		3,222		3,236		3,339		3		(2)		6,413		6,497		(1)
Investment and other revenue:
Income (loss) from consolidated investment management funds	10		5		9		(7)		(24)		N/M		N/M		15		(44)		N/M
Seed capital gains (losses) (c)	7		8		6		(11)		(24)		N/M		N/M		15		(32)		N/M
Other trading revenue	53		45		34		65		45		N/M		N/M		98		50		N/M
Renewable energy investment (losses)	(45)		(32)		(32)		(44)		(44)		N/M		N/M		(77)		(88)		N/M
Corporate/bank-owned life insurance	23		27		35		32		28		N/M		N/M		50		61		N/M
Other investments gains (losses) (d)	10		(9)		7		13		78		N/M		N/M		1		139		N/M
Disposal (losses) gains	(1)		(1)		(11)		37		—		N/M		N/M		(2)		—		N/M
Expense reimbursements from joint venture	31		29		28		27		26		N/M		N/M		60		53		N/M
Other income	9		8		12		4		6		N/M		N/M		17		18		N/M
Net securities (losses) gains	—		(1)		(448)		1		—		N/M		N/M		(1)		4		N/M
Total investment and other revenue	97		79		(360)		117		91		N/M		N/M		176		161		N/M
Total fee and other revenue	$	3,354	$	3,235	$	2,862	$	3,353	$	3,430	4	%	(2)	%	$	6,589	$	6,658	(1)	%
(a) Excludes seed capital gains (losses) related to consolidated investment management funds.
(b) On a constant currency basis (Non-GAAP), investment management and performance fees decreased 8% compared with 2Q22. 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 Mellon 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
	2Q23					1Q23					4Q22					3Q22					2Q22
	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	$	114,578	4.29	%		$	94,899	3.59	%		$	94,868	2.60	%		$	91,836	1.23	%		$	102,844	0.38	%
Interest-bearing deposits with banks	13,919		3.68			16,225		3.51			15,750		2.70			16,298		1.62			18,097		0.74
Federal funds sold and securities purchased under resale agreements	26,989		26.38		(a)	24,631		16.32		(a)	25,657		11.22		(a)	22,971		5.55		(a)	24,212		1.91		(a)
Loans	63,459		6.05			63,261		5.54			67,364		4.65			68,082		3.39			69,036		2.15
Securities:
U.S. government obligations	34,147		2.90			38,852		2.89			39,382		2.46			40,829		1.75			41,267		1.07
U.S. government agency obligations	61,565		2.78			62,280		2.60			61,426		2.30			62,819		1.91			64,939		1.59
State and political subdivisions (b)	13		4.45			23		7.07			1,178		2.77			1,982		2.39			2,065		2.13
Other securities (b)	40,976		3.59			42,429		3.21			41,732		2.66			42,642		1.90			43,635		1.31
Total investment securities (b)	136,701		3.05			143,584		2.86			143,718		2.45			148,272		1.87			151,906		1.37
Trading securities (b)	6,403		5.02			5,778		4.97			5,630		4.51			4,603		3.06			4,687		1.91
Total securities (b)	143,104		3.14			149,362		2.94			149,348		2.53			152,875		1.91			156,593		1.39
Total interest-earning assets (b)	$	362,049	5.77	%		$	348,378	4.56	%		$	352,987	3.59	%		$	352,062	2.24	%		$	370,782	1.25	%
Noninterest-earning assets	59,125					59,123					61,532					63,608					66,841
Total assets	$	421,174				$	407,501				$	414,519				$	415,670				$	437,623

Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits	$	215,057	3.24	%		$	204,114	2.71	%		$	207,875	2.00	%		$	203,659	0.95	%		$	219,124	0.16	%
Federal funds purchased and securities sold under repurchase agreements	26,282		26.39		(a)	18,316		19.75		(a)	13,985		16.88		(a)	12,297		8.05		(a)	12,610		2.47		(a)
Trading liabilities	3,893		4.46			3,025		4.05			3,572		3.45			3,550		2.52			3,231		1.25
Other borrowed funds	2,702		4.60			711		1.75			619		1.69			504		1.15			437		2.14
Commercial paper	5		5.11			—		—			6		3.87			5		2.34			5		1.61
Payables to customers and broker-dealers	14,801		3.85			16,954		3.08			17,147		2.27			18,030		1.07			16,592		0.21
Long-term debt	31,970		5.45			30,246		5.22			29,508		4.90			28,449		3.43			26,195		2.22
Total interest-bearing liabilities	$	294,710	5.61	%		$	273,366	4.17	%		$	272,712	3.11	%		$	266,494	1.57	%		$	278,194	0.48	%
Total noninterest-bearing deposits	62,152					69,886					75,862					84,804					91,893
Other noninterest-bearing liabilities	23,625					23,789					25,810					23,547					26,354
Total The Bank of New York Mellon Corporation shareholders’ equity	40,607					40,442					40,097					40,780					41,037
Noncontrolling interests	80					18					38					45					145
Total liabilities and equity	$	421,174				$	407,501				$	414,519				$	415,670				$	437,623
Net interest margin			1.20	%				1.29	%				1.19	%				1.05	%				0.89	%
Net interest margin (FTE) – Non-GAAP (c)			1.20	%				1.29	%				1.19	%				1.05	%				0.89	%
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $113 billion for 2Q23, $62 billion for 1Q23, $51 billion for 4Q22, $35 billion for 3Q22 and $33 billion for 2Q22. 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 5.10% for 2Q23, 4.62% for 1Q23, 3.76% for 4Q22, 2.21% for 3Q22 and 0.80% for 2Q22. 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 4.99% for 2Q23, 4.49% for 1Q23, 3.63% for 4Q22, 2.11% for 3Q22 and 0.68% for 2Q22. 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

	2023						2022
(dollars in millions)	June 30			March 31			Dec. 31				Sept. 30				June 30
Consolidated regulatory capital ratios (a)
Standardized Approach:
CET1 capital	$	18,127		$	17,876		$	18,032			$	16,726			$	17,067
Tier 1 capital	22,956			22,710			22,856				21,495				21,824
Total capital	24,521			24,276			24,384				23,008				23,366
Risk-weighted assets	154,443			157,399			159,096				167,457				169,710

CET1 ratio	11.7		%	11.4		%	11.3		%		10.0		%		10.1		%
Tier 1 capital ratio	14.9			14.4			14.4				12.8				12.9
Total capital ratio	15.9			15.4			15.3				13.7				13.8

Advanced Approaches:
CET1 capital	$	18,127		$	17,876		$	18,032			$	16,726			$	17,067
Tier 1 capital	22,956			22,710			22,856				21,495				21,824
Total capital	24,257			24,005			24,143				22,762				23,112
Risk-weighted assets	163,649			162,905			161,672				165,893				169,919

CET1 ratio	11.1		%	11.0		%	11.2		%		10.1		%		10.0		%
Tier 1 capital ratio	14.0			13.9			14.1				13.0				12.8
Total capital ratio	14.8			14.7			14.9				13.7				13.6

Tier 1 leverage ratio (a):
Average assets for Tier 1 leverage ratio	$	403,205		$	389,581		$	396,643			$	397,428			$	418,467
Tier 1 leverage ratio	5.7		%	5.8		%	5.8		%		5.4		%		5.2		%

SLR (a):
Leverage exposure	$	326,429		$	330,501		$	336,049			$	340,055			$	351,552
SLR	7.0		%	6.9		%	6.8		%		6.3		%		6.2		%

Average liquidity coverage ratio (a)	120		%	118		%	118		%		116		%		111		%
Average net stable funding ratio (a)	136		%	132		%	N/A			(b)	N/A			(b)	N/A			(b)
(a) Regulatory capital and liquidity ratios for June 30, 2023 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 June 30, 2023, March 31, 2023 and Dec. 31, 2022 was the Advanced Approaches, for Sept. 30, 2022 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, and for June 30, 2022 was the Advanced Approaches.
(b) The reporting requirement for the average net stable funding ratio became effective in 2Q23, inclusive of reporting the average 1Q23 ratio.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT

																2Q23 vs.										YTD23 vs.
(dollars in millions)	2Q23			1Q23			4Q22			3Q22			2Q22			1Q23		2Q22		YTD23			YTD22			YTD22
Revenue:
Investment services fees:
Asset Servicing	$	991		$	948		$	971		$	953		$	995		5	%	—	%	$	1,939		$	1,994		(3)	%
Issuer Services	319			236			271			288			309			35		3		555			450			23
Total investment services fees	1,310			1,184			1,242			1,241			1,304			11		—		2,494			2,444			2
Foreign exchange revenue	124			139			149			132			155			(11)		(20)		263			303			(13)
Other fees (a)	54			55			55			52			54			(2)		—		109			95			15
Total fee revenue	1,488			1,378			1,446			1,425			1,513			8		(2)		2,866			2,842			1
Investment and other revenue	84			72			70			111			36			N/M		N/M		156			110			N/M
Total fee and other revenue	1,572			1,450			1,516			1,536			1,549			8		1		3,022			2,952			2
Net interest revenue	668			666			656			538			457			—		46		1,334			834			60
Total revenue	2,240			2,116			2,172			2,074			2,006			6		12		4,356			3,786			15
Provision for credit losses	16			—			11			(6)			13			N/M		N/M		16			3			N/M
Noninterest expense (ex. amortization of intangible assets)	1,575			1,548			1,568			1,549			1,647			2		(4)		3,123			3,149			(1)
Amortization of intangible assets	7			8			8			8			9			(13)		(22)		15			17			(12)
Total noninterest expense	1,582			1,556			1,576			1,557			1,656			2		(4)		3,138			3,166			(1)
Income before income taxes	$	642		$	560		$	585		$	523		$	337		15	%	91	%	$	1,202		$	617		95	%


Total revenue by line of business:
Asset Servicing	$	1,706		$	1,664		$	1,681		$	1,596		$	1,534		3	%	11	%	$	3,370		$	3,046		11	%
Issuer Services	534			452			491			478			472			18		13		986			740			33
Total revenue by line of business	$	2,240		$	2,116		$	2,172		$	2,074		$	2,006		6	%	12	%	$	4,356		$	3,786		15	%

Financial ratios:
Pre-tax operating margin	29		%	26		%	27		%	25		%	17		%					28		%	16		%

Memo: Securities lending revenue (b)	$	47		$	48		$	50		$	48		$	45		(2)	%	4	%	$	95		$	84		13	%
(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

											2Q23 vs.								YTD23 vs.
(dollars in millions, unless otherwise noted)	2Q23		1Q23		4Q22		3Q22		2Q22		1Q23		2Q22		YTD23		YTD22		YTD22
Selected balance sheet data:
Average loans	$	11,283	$	10,939	$	11,850	$	11,573	$	11,386	3	%	(1)	%	$	11,112	$	10,772	3	%
Average assets (a)	$	202,207	$	196,560	$	206,810	$	203,063	$	219,797	3	%	(8)	%	$	199,399	$	220,340	(10)	%
Average deposits	$	172,863	$	167,209	$	176,541	$	176,328	$	191,191	3	%	(10)	%	$	170,051	$	191,671	(11)	%

Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	33.2	$	32.6	$	31.4	$	30.0	$	31.0	2	%	7	%
Market value of securities on loan at period end (in billions) (d)	$	415	$	441	$	449	$	435	$	441	(6)	%	(6)	%
(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) June 30, 2023 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 $1.6 trillion at June 30, 2023, $1.5 trillion at March 31, 2023 and Dec. 31, 2022, $1.4 trillion at Sept. 30, 2022 and $1.5 trillion at June 30, 2022.
(d) Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $66 billion at June 30, 2023, $69 billion at March 31, 2023, $68 billion at Dec. 31, 2022, $75 billion at Sept. 30, 2022 and $70 billion at June 30, 2022.


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

																2Q23 vs.										YTD23 vs.
(dollars in millions)	2Q23			1Q23			4Q22			3Q22			2Q22			1Q23		2Q22		YTD23			YTD22			YTD22
Revenue:
Investment services fees:
Pershing	$	496		$	499		$	502		$	494		$	479		(1)	%	4	%	$	995		$	912		9	%
Treasury Services	172			168			170			173			176			2		(2)		340			346			(2)
Clearance and Collateral Management	265			260			249			239			240			2		10		525			483			9
Total investment services fees	933			927			921			906			895			1		4		1,860			1,741			7
Foreign exchange revenue	21			18			20			20			22			17		(5)		39			48			(19)
Other fees (a)	55			54			47			49			46			2		20		109			80			36
Total fee revenue	1,009			999			988			975			963			1		5		2,008			1,869			7
Investment and other revenue	16			15			15			14			11			N/M		N/M		31			11			N/M
Total fee and other revenue	1,025			1,014			1,003			989			974			1		5		2,039			1,880			8
Net interest revenue	420			453			396			378			340			(7)		24		873			636			37
Total revenue	1,445			1,467			1,399			1,367			1,314			(1)		10		2,912			2,516			16
Provision for credit losses	7			—			6			(1)			4			N/M		N/M		7			2			N/M
Noninterest expense (ex. amortization of intangible assets)	779			768			783			735			700			1		11		1,547			1,406			10
Amortization of intangible assets	2			1			2			2			2			100		—		3			4			(25)
Total noninterest expense	781			769			785			737			702			2		11		1,550			1,410			10
Income before income taxes	$	657		$	698		$	608		$	631		$	608		(6)	%	8	%	$	1,355		$	1,104		23	%


Total revenue by line of business:
Pershing	$	686		$	693		$	673		$	658		$	636		(1)	%	8	%	$	1,379		$	1,206		14	%
Treasury Services	402			412			382			390			373			(2)		8		814			711			14
Clearance and Collateral Management	357			362			344			319			305			(1)		17		719			599			20
Total revenue by line of business	$	1,445		$	1,467		$	1,399		$	1,367		$	1,314		(1)	%	10	%	$	2,912		$	2,516		16	%


Financial ratios:
Pre-tax operating margin	46		%	48		%	43		%	46		%	46		%					47		%	44		%
(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

											2Q23 vs.								YTD23 vs.
(dollars in millions, unless otherwise noted)	2Q23		1Q23		4Q22		3Q22		2Q22		1Q23		2Q22		YTD23		YTD22		YTD22
Selected balance sheet data:
Average loans	$	36,432	$	36,854	$	39,843	$	40,882	$	42,391	(1)	%	(14)	%	$	36,642	$	42,253	(13)	%
Average assets (a)	$	131,657	$	132,143	$	132,306	$	138,204	$	141,952	—	%	(7)	%	$	131,899	$	141,570	(7)	%
Average deposits	$	85,407	$	86,040	$	86,083	$	90,612	$	94,716	(1)	%	(10)	%	$	85,721	$	95,207	(10)	%

Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	13.4	$	13.7	$	12.7	$	12.0	$	11.8	(2)	%	14	%

Pershing
AUC/A at period end (in trillions) (b)	$	2.4	$	2.4	$	2.3	$	2.1	$	2.2	—	%	9	%
Net new assets (U.S. platform) (in billions) (d)	$	(34)	$	37	$	42	$	45	$	16	N/M		N/M
Average active clearing accounts (in thousands)	7,946		7,849		7,603		7,466		7,432		1	%	7	%

Treasury Services
Average daily U.S. dollar payment volumes	233,931		236,322		246,189		234,468		237,763		(1)	%	(2)	%

Clearance and Collateral Management
Average tri-party collateral management balances (in billions)	$	6,044	$	5,626	$	5,451	$	5,457	$	5,207	7	%	16	%
(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) June 30, 2023 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

																2Q23 vs.										YTD23 vs.
(dollars in millions)	2Q23			1Q23			4Q22			3Q22			2Q22			1Q23		2Q22		YTD23			YTD22			YTD22
Revenue:
Investment management fees	$	750		$	752		$	754		$	788		$	825		—	%	(9)	%	$	1,502		$	1,673		(10)	%
Performance fees	10			22			26			10			5			N/M		100		32			39			(18)
Investment management and performance fees (a)	760			774			780			798			830			(2)		(8)		1,534			1,712			(10)
Distribution and servicing fees	58			55			54			55			51			5		14		113			83			36
Other fees (b)	(56)			(53)			(58)			(45)			(31)			N/M		N/M		(109)			(30)			N/M
Total fee revenue	762			776			776			808			850			(2)		(10)		1,538			1,765			(13)
Investment and other revenue (c)	12			6			(3)			(3)			(13)			N/M		N/M		18			(21)			N/M
Total fee and other revenue (c)	774			782			773			805			837			(1)		(8)		1,556			1,744			(11)
Net interest revenue	39			45			52			57			62			(13)		(37)		84			119			(29)
Total revenue	813			827			825			862			899			(2)		(10)		1,640			1,863			(12)
Provision for credit losses	7			—			1			3			—			N/M		N/M		7			(3)			N/M
Noninterest expense (ex. goodwill impairment and amortization of intangible assets)	672			729			693			669			685			(8)		(2)		1,401			1,433			(2)
Goodwill impairment	—			—			—			680			—			N/M		N/M		—			—			N/M
Amortization of intangible assets	5			5			6			7			6			—		(17)		10			13			(23)
Total noninterest expense	677			734			699			1,356			691			(8)		(2)		1,411			1,446			(2)
Income (loss) before income taxes	$	129		$	93		$	125		$	(497)		$	208		39	%	(38)	%	$	222		$	420		(47)	%


Total revenue by line of business:
Investment Management	$	546		$	557		$	550		$	579		$	603		(2)	%	(9)	%	$	1,103		$	1,261		(13)	%
Wealth Management	267			270			275			283			296			(1)		(10)		537			602			(11)
Total revenue by line of business	$	813		$	827		$	825		$	862		$	899		(2)	%	(10)	%	$	1,640		$	1,863		(12)	%

Financial ratios:
Pre-tax operating margin	16		%	11		%	15		%	(57)		%	23		%					14		%	23		%
Adjusted pre-tax operating margin – Non-GAAP (d)	18		%	13		%	17		%	(64)		%	26		%					15		%	25		%

Selected balance sheet data:
Average loans	$	13,995		$	13,960		$	14,404		$	14,482		$	14,087		—	%	(1)	%	$	13,977		$	13,660		2	%
Average assets (e)	$	27,260		$	28,232		$	28,488		$	29,996		$	33,668		(3)	%	(19)	%	$	27,744		$	34,643		(20)	%
Average deposits	$	15,410		$	16,144		$	16,416		$	17,225		$	20,802		(5)	%	(26)	%	$	15,775		$	21,647		(27)	%
(a) On a constant currency basis, investment management and performance fees decreased 8% (Non-GAAP) compared with 2Q22. 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

											2Q23 vs.								YTD23 vs.
(dollars in billions)	2Q23		1Q23		4Q22		3Q22		2Q22		1Q23		2Q22		YTD23		YTD22		YTD22
AUM by product type (a)(b):
Equity	$	145	$	142	$	135	$	125	$	139	2	%	4	%
Fixed income	203		207		198		205		226		(2)		(10)
Index	440		408		395		366		387		8		14
Liability-driven investments	579		604		570		546		641		(4)		(10)
Multi-asset and alternative investments	162		161		153		181		188		1		(14)
Cash	377		386		385		353		356		(2)		6
Total AUM	$	1,906	$	1,908	$	1,836	$	1,776	$	1,937	—	%	(2)	%

Changes in AUM (a)(b):
Beginning balance of AUM	$	1,908	$	1,836	$	1,776	$	1,937	$	2,266					$	1,836	$	2,434
Net inflows (outflows):
Long-term strategies:
Equity	(3)		(4)		(5)		(5)		(4)						(7)		(8)
Fixed income	(4)		4		(12)		(3)		(1)						—		(6)
Liability-driven investments	(3)		10		19		30		12						7		29
Multi-asset and alternative investments	(1)		(3)		(4)		2		(5)						(4)		(9)
Total long-term active strategies (outflows) inflows	(11)		7		(2)		24		2						(4)		6
Index	2		(2)		(4)		(1)		12						—		7
Total long-term strategies (outflows) inflows	(9)		5		(6)		23		14						(4)		13
Short-term strategies:
Cash	(9)		—		27		(2)		(26)						(9)		(37)
Total net (outflows) inflows	(18)		5		21		21		(12)						(13)		(24)
Net market impact	(3)		52		18		(118)		(241)						49		(371)
Net currency impact	19		15		53		(64)		(76)						34		(102)
Divestiture	—		—		(32)		—		—						—		—
Ending balance of AUM	$	1,906	$	1,908	$	1,836	$	1,776	$	1,937	—	%	(2)	%	$	1,906	$	1,937	(2)	%

Wealth Management client assets (a)(c)	$	286	$	279	$	269	$	256	$	264	3	%	8	%
(a) June 30, 2023 information is preliminary.
(b) Excludes assets managed outside of the Investment and Wealth Management business segment.
(c) Includes AUM and AUC/A in the Wealth Management line of business.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES PORTFOLIO

(dollars in millions)	March 31, 2023			2Q23 change in unrealized gain (loss)		June 30, 2023					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	$	39,519		$	(358)	$	42,582	$	38,052		89	%	$	(4,530)		16	%	100	%	—	%	—	%	—	%	—	%
U.S. Treasury	35,505			(111)		35,086		33,818			96		(1,268)			50		100		—		—		—		—
Agency commercial MBS	11,824			(42)		12,188		11,441			94		(747)			43		100		—		—		—		—
Sovereign debt/sovereign guaranteed	11,783			(76)		11,217		10,662			95		(555)			25		89		6		4		1		—
Supranational	8,595			(43)		9,025		8,742			97		(283)			60		100		—		—		—		—
CLOs	6,664			28		6,853		6,765			99		(88)			100		100		—		—		—		—
U.S. government agencies	6,655			(23)		7,262		6,745			93		(517)			42		100		—		—		—		—
Foreign covered bonds	5,991			(6)		6,382		6,133			96		(249)			58		100		—		—		—		—
Non-agency commercial MBS	3,069			(9)		3,329		3,031			91		(298)			55		100		—		—		—		—
Foreign government agencies	2,415			(14)		2,500		2,380			95		(120)			36		95		5		—		—		—
Non-agency RMBS	1,986			(3)		2,058		1,895			92		(163)			48		85		3		—		6		6
Other asset-backed securities	1,145			(3)		1,153		1,043			90		(110)			14		100		—		—		—		—
State and political subdivisions	11			1		12		11			88		(1)			—		1		2		3		—		94

Other	1			—		1		1			100		—			—		—		—		—		—		100
Total securities	$	135,163	(d)	$	(659)	$	139,648	$	130,719	(d)(e)	94	%	$	(8,929)	(d)(f)	40	%	99	%	1	%	—	%	—	%	—	%
(a) Amortized cost reflects historical impairments, and is net of allowance for credit losses.
(b) Includes the impact of hedges.
(c) Represents ratings by S&P, or the equivalent.
(d) Includes net unrealized gains on derivatives hedging securities available-for-sale (including terminated hedges) of $1,979 million at March 31, 2023 and $2,406 million at June 30, 2023.
(e) The fair value of available-for-sale securities totaled $83,477 million at June 30, 2023, net of hedges, or 64% of the fair value of the securities portfolio, net of hedges. The fair value of the held-to-maturity securities totaled $47,242 million at June 30, 2023, or 36% of the fair value of the securities portfolio, net of hedges.
(f) At June 30, 2023, includes pre-tax net unrealized losses of $3,009 million related to available-for-sale securities, net of hedges, and $5,920 million related to held-to-maturity securities. The after-tax unrealized losses, net of hedges, related to available-for-sale securities was $2,269 million and the after-tax equivalent related to held-to-maturity securities was $4,513 million.
Note: The amortizable purchase premium (net of discount) relating to securities was $1,028 million at June 30, 2023 and the amortization of that net purchase premium was $42 million in 2Q23.


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

	2023						2022
(dollars in millions)	June 30			March 31			Dec. 31			Sept. 30			June 30
Allowance for credit losses – beginning of period:
Allowance for loan losses	$	170		$	176		$	164		$	181		$	171
Allowance for lending-related commitments	83			78			72			62			53
Allowance for other financial instruments (a)	67			38			44			67			39
Allowance for credit losses – beginning of period	$	320		$	292		$	280		$	310		$	263

Net (charge-offs) recoveries:
Charge-offs	(4)			—			(9)			(1)			(1)
Recoveries	2			1			1			1			1
Total net (charge-offs) recoveries	(2)			1			(8)			—			—
Provision for credit losses (b)	5			27			20			(30)			47
Allowance for credit losses – end of period	$	323		$	320		$	292		$	280		$	310

Allowance for credit losses – end of period:
Allowance for loan losses	$	191		$	170		$	176		$	164		$	181
Allowance for lending-related commitments	91			83			78			72			62
Allowance for other financial instruments (a)	41			67			38			44			67
Allowance for credit losses – end of period	$	323		$	320		$	292		$	280		$	310

Allowance for loan losses as a percentage of total loans	0.30		%	0.27		%	0.27		%	0.23		%	0.26		%

Nonperforming assets	$	88		$	105		$	109		$	107		$	114
(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 other 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 Mellon 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 revenue, 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 Mellon 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:


Return on common and tangible common equity ratios are annualized.



Return on common equity and tangible common equity reconciliation
(dollars in millions)	2Q23			1Q23			4Q22			3Q22			2Q22			YTD23			YTD22
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	1,031		$	905		$	509		$	319		$	835		$	1,936		$	1,534
Add: Amortization of intangible assets	14			14			16			17			17			28			34
Less: Tax impact of amortization of intangible assets	4			3			4			4			4			7			8
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	1,041		$	916		$	521		$	332		$	848		$	1,957		$	1,560

Average common shareholders’ equity	$	35,769		$	35,604		$	35,259		$	35,942		$	36,199		$	35,687		$	36,778
Less: Average goodwill	16,219			16,160			16,229			17,189			17,347			16,190			17,418
Average intangible assets	2,888			2,899			2,905			2,922			2,949			2,894			2,964
Add: Deferred tax liability – tax deductible goodwill	1,193			1,187			1,181			1,175			1,187			1,193			1,187
Deferred tax liability – intangible assets	660			660			660			660			668			660			668
Average tangible common shareholders’ equity – Non-GAAP	$	18,515		$	18,392		$	17,966		$	17,666		$	17,758		$	18,456		$	18,251

Return on common equity – GAAP	11.6		%	10.3		%	5.7		%	3.5		%	9.3		%	10.9		%	8.4		%
Return on tangible common equity – Non-GAAP	22.6		%	20.2		%	11.5		%	7.5		%	19.2		%	21.4		%	17.2		%


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	2023						2022
(dollars in millions, except common shares and unless otherwise noted)	June 30			March 31			Dec. 31			Sept. 30			June 30
BNY Mellon shareholders’ equity at period end – GAAP	$	40,933		$	40,634		$	40,734		$	39,737		$	40,984
Less: Preferred stock	4,838			4,838			4,838			4,838			4,838
BNY Mellon common shareholders’ equity at period end – GAAP	36,095			35,796			35,896			34,899			36,146
Less: Goodwill	16,246			16,192			16,150			16,412			17,271
Intangible assets	2,881			2,890			2,901			2,902			2,934
Add: Deferred tax liability – tax deductible goodwill	1,193			1,187			1,181			1,175			1,187
Deferred tax liability – intangible assets	660			660			660			660			668
BNY Mellon tangible common shareholders’ equity at period end – Non-GAAP	$	18,821		$	18,561		$	18,686		$	17,420		$	17,796

Period-end common shares outstanding (in thousands)	778,782			789,134			808,445			808,280			808,103

Book value per common share – GAAP	$	46.35		$	45.36		$	44.40		$	43.18		$	44.73
Tangible book value per common share – Non-GAAP	$	24.17		$	23.52		$	23.11		$	21.55		$	22.02



Net interest margin reconciliation
(dollars in millions)	2Q23			1Q23			4Q22			3Q22			2Q22
Net interest revenue – GAAP	$	1,100		$	1,128		$	1,056		$	926		$	824
Add: Tax equivalent adjustment	1			—			2			3			3
Net interest revenue (FTE) – Non-GAAP	$	1,101		$	1,128		$	1,058		$	929		$	827

Average interest-earning assets	$	362,049		$	348,378		$	352,987		$	352,062		$	370,782

Net interest margin – GAAP (a)	1.20		%	1.29		%	1.19		%	1.05		%	0.89		%
Net interest margin (FTE) – Non-GAAP (a)	1.20		%	1.29		%	1.19		%	1.05		%	0.89		%
(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)	2Q23			1Q23			4Q22			3Q22			2Q22			YTD23			YTD22
Income (loss) before income taxes – GAAP	$	129		$	93		$	125		$	(497)		$	208		$	222		$	420

Total revenue – GAAP	$	813		$	827		$	825		$	862		$	899		$	1,640		$	1,863
Less: Distribution and servicing expense	93			86			87			88			91			179			170
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP	$	720		$	741		$	738		$	774		$	808		$	1,461		$	1,693

Pre-tax operating margin – GAAP (a)	16		%	11		%	15		%	(57)		%	23		%	14		%	23		%
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a)	18		%	13		%	17		%	(64)		%	26		%	15		%	25		%
(a) Income before income taxes divided by total revenue.



Constant currency reconciliations							2Q23 vs.
(dollars in millions)	2Q23			2Q22			2Q22
Consolidated:
Investment management and performance fees – GAAP	$	762		$	833		(9)		%
Impact of changes in foreign currency exchange rates	—			(2)
Adjusted investment management and performance fees – Non-GAAP	$	762		$	831		(8)		%


Investment and Wealth Management business segment:
Investment management and performance fees – GAAP	$	760		$	830		(8)		%
Impact of changes in foreign currency exchange rates	—			(2)
Adjusted investment management and performance fees – Non-GAAP	$	760		$	828		(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

Second Quarter 2023