EX-99.2 3 ex992_financialsupplementx.htm FINANCIAL SUPPLEMENT Document


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The Bank of New York Mellon Corporation
Financial Supplement
Second Quarter 2022



Table of Contents
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Consolidated ResultsPage
Consolidated Financial Highlights
Condensed Consolidated Income Statement
Condensed Consolidated Balance Sheet
Fee and Other Revenue
Average Balances and Interest Rates
Capital and Liquidity
Business Segment Results
Securities Services Business Segment
Market and Wealth Services Business Segment
Investment and Wealth Management Business Segment
AUM by Product Type, Changes in AUM and Wealth Management Client Assets
Other Segment
Other
Securities Portfolio
Allowance for Credit Losses and Nonperforming Assets
Supplemental Information
Explanation of GAAP and Non-GAAP Financial Measures



THE BANK OF NEW YORK MELLON CORPORATION

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CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)2Q22 vs.YTD22 vs.
2Q221Q224Q213Q212Q211Q222Q21YTD22YTD21YTD21
Selected income statement data
Fee and other revenue$3,430 $3,228 $3,338 $3,394 $3,315 6 %3 %$6,658 $6,581 1 %
Net interest revenue824 698 677 641 645 18 28 1,522 1,300 17 
Total revenue4,254 3,926 4,015 4,035 3,960 8 7 8,180 7,881 4 
Provision for credit losses47 2 (17)(45)(86)N/MN/M49 (169)N/M
Noninterest expense3,112 3,006 2,967 2,918 2,778 4 12 6,118 5,629 9 
Income before income taxes1,095 918 1,065 1,162 1,268 19 (14)2,013 2,421 (17)
Provision for income taxes231 153 196 219 241 51 (4)384 462 (17)
Net income$864 $765 $869 $943 $1,027 13 %(16)%$1,629 $1,959 (17)%
Net income applicable to common shareholders of
The Bank of New York Mellon Corporation
$835 $699 $822 $881 $991 19 %(16)%$1,534 $1,849 (17)%
Diluted earnings per common share$1.03 $0.86 $1.01 $1.04 $1.13 20 %(9)%$1.88 $2.10 (10)%
Average common shares and equivalents outstanding – diluted (in thousands)
813,590 813,986 817,345 849,028 873,475 — %(7)%813,894 879,409 (7)%
Financial ratios (Returns are annualized)
Pre-tax operating margin26 %23 %27 %29 %32 %25 %31 %
Return on common equity9.3 %7.6 %8.6 %8.8 %9.8 %8.4 %9.2 %
Return on tangible common equity – Non-GAAP (a)
19.2 %15.4 %17.2 %16.8 %18.6 %17.2 %17.3 %
Non-U.S. revenue as a percentage of total revenue 36 %35 %38 %38 %38 %35 %38 %
Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)
$43.0 $45.5 $46.7 $45.3 $45.0 (5)%(4)%
Assets under management (“AUM”) (in trillions)
$1.94 $2.27 $2.43 $2.31 $2.32 (15)%(17)%
Full-time employees50,800 49,600 49,100 48,900 48,800 2 %4 %
Book value per common share$44.73 $45.76 $47.50 $47.30 $47.20 
Tangible book value per common share – Non-GAAP (a)
$22.02 $22.76 $24.31 $24.88 $25.64 
Cash dividends per common share$0.34 $0.34 $0.34 $0.34 $0.31 
Common dividend payout ratio33 %40 %34 %34 %28 %
Closing stock price per common share$41.71 $49.63 $58.08 $51.84 $51.23 
Market capitalization$33,706 $40,091 $46,705 $42,811 $44,220 
Common shares outstanding (in thousands)
808,103 807,798 804,145 825,821 863,174 
Capital ratios at period end (c)
Common Equity Tier 1 ("CET1") ratio10.0 %10.1 %11.2 %11.7 %12.6 %
Tier 1 capital ratio12.8 %12.9 %14.0 %14.4 %15.2 %
Total capital ratio13.6 %13.7 %14.9 %15.2 %16.0 %
Tier 1 leverage ratio5.2 %5.3 %5.5 %5.7 %6.0 %
Supplementary leverage ratio ("SLR")6.2 %6.2 %6.6 %7.0 %7.5 %
(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 $1.5 trillion at June 30, 2022 and $1.7 trillion at March 31, 2022, Dec. 31, 2021, Sept. 30, 2021 and June 30, 2021.
(c) Regulatory capital ratios for June 30, 2022 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, 2022 was the Advanced Approaches, for March 31, 2022 and Dec. 31, 2021 was the Standardized Approach, and for Sept. 30, 2021 and June 30, 2021 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio.
N/M – Not meaningful.
3


THE BANK OF NEW YORK MELLON CORPORATION
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CONDENSED CONSOLIDATED INCOME STATEMENT
(dollars in millions, except per share amounts; common shares in thousands)2Q22 vs.YTD22 vs.
2Q221Q224Q213Q212Q211Q222Q21YTD22YTD21YTD21
Revenue
Investment services fees$2,206 $1,993 $2,061 $2,091 $2,076 11 %6 %$4,199 $4,132 2 %
Investment management and performance fees833 883 896 913 889 (6)(6)1,716 1,779 (4)
Foreign exchange revenue222 207 199 185 184 7 21 429 415 3 
Financing-related fees44 45 47 48 48 (2)(8)89 99 (10)
Distribution and servicing fees34 30 28 28 27 13 26 64 56 14 
Total fee revenue3,339 3,158 3,231 3,265 3,224 6 4 6,497 6,481 — 
Investment and other revenue91 70 107 129 91 N/MN/M161 100 N/M
Total fee and other revenue3,430 3,228 3,338 3,394 3,315 6 3 6,658 6,581 1 
Net interest revenue824 698 677 641 645 18 28 1,522 1,300 17 
Total revenue4,254 3,926 4,015 4,035 3,960 8 7 8,180 7,881 4 
Provision for credit losses47 2 (17)(45)(86)N/MN/M49 (169)N/M
Noninterest expense
Staff1,623 1,702 1,633 1,584 1,518 (5)7 3,325 3,120 7 
Software and equipment405 399 379 372 365 2 11 804 727 11 
Professional, legal and other purchased services379 370 390 363 363 2 4 749 706 6 
Sub-custodian and clearing131 118 120 129 132 11 (1)249 256 (3)
Net occupancy 125 122 133 120 122 2 2 247 245 1 
Distribution and servicing90 79 75 76 73 14 23 169 147 15 
Business development43 30 44 22 22 43 95 73 41 78 
Bank assessment charges37 35 30 34 35 6 6 72 69 4 
Amortization of intangible assets17 17 19 19 20 — (15)34 44 (23)
Other262 134 144 199 128 96 105 396 274 45 
Total noninterest expense3,112 3,006 2,967 2,918 2,778 4 12 6,118 5,629 9 
Income before income taxes 1,095 918 1,065 1,162 1,268 19 (14)2,013 2,421 (17)
Provision for income taxes 231 153 196 219 241 51 (4)384 462 (17)
Net income 864 765 869 943 1,027 13 (16)1,629 1,959 (17)
Net loss (income) attributable to noncontrolling interests5 8 (6)4 (5)N/MN/M13 (10)N/M
Preferred stock dividends(34)(74)(41)(66)(31)N/MN/M(108)(100)N/M
Net income applicable to common shareholders of The Bank of New York Mellon Corporation$835 $699 $822 $881 $991 19 %(16)%$1,534 $1,849 (17)%
Average common shares and equivalents outstanding: Basic810,903 809,469 811,463 844,088 869,460 — %(7)%810,233 876,006 (8)%
Diluted813,590 813,986 817,345 849,028 873,475 — %(7)%813,894 879,409 (7)%
Earnings per common share: Basic$1.03 $0.86 $1.01 $1.04 $1.14 20 %(10)%$1.89 $2.11 (10)%
Diluted$1.03 $0.86 $1.01 $1.04 $1.13 20 %(9)%$1.88 $2.10 (10)%
N/M – Not meaningful.
4


THE BANK OF NEW YORK MELLON CORPORATION
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CONDENSED CONSOLIDATED BALANCE SHEET
20222021
(in millions)June 30March 31Dec. 31Sept. 30June 30
Assets
Cash and due from banks$5,185 $6,143 $6,061 $6,752 $5,154 
Interest-bearing deposits with the Federal Reserve and other central banks125,372 135,691 102,467 126,959 126,355 
Interest-bearing deposits with banks16,639 18,268 16,630 20,057 21,270 
Federal funds sold and securities purchased under resale agreements22,940 27,131 29,607 28,497 29,762 
Securities150,844 153,396 158,705 157,274 155,906 
Trading assets10,759 14,703 16,577 17,854 15,520 
Loans69,347 68,052 67,787 64,328 63,547 
Allowance for loan losses(181)(171)(196)(233)(269)
Net loans
69,166 67,881 67,591 64,095 63,278 
Premises and equipment3,354 3,359 3,431 3,422 3,442 
Accrued interest receivable548 467 457 464 492 
Goodwill17,271 17,462 17,512 17,420 17,487 
Intangible assets2,934 2,968 2,991 2,941 2,964 
Other assets27,609 26,342 22,409 24,798 25,333 
Total assets
$452,621 $473,811 $444,438 $470,533 $466,963 
Liabilities
Deposits$325,813 $345,565 $319,694 $343,139 $338,670 
Federal funds purchased and securities sold under repurchase agreements11,434 13,181 11,566 11,973 12,425 
Trading liabilities5,595 5,587 5,469 5,152 6,451 
Payables to customers and broker-dealers25,769 26,608 25,150 26,002 23,704 
Other borrowed funds520 312 749 767 451 
Accrued taxes and other expenses5,011 4,534 5,767 5,609 5,213 
Other liabilities9,724 10,626 6,721 8,796 8,626 
Long-term debt27,610 25,246 25,931 25,043 25,629 
Total liabilities
411,476 431,659 401,047 426,481 421,169 
Temporary equity
Redeemable noncontrolling interests154 155 161 178 169 
Permanent equity
Preferred stock4,838 4,838 4,838 4,541 4,541 
Common stock14 14 14 14 14 
Additional paid-in capital28,316 28,258 28,128 28,075 28,006 
Retained earnings37,644 37,088 36,667 36,125 35,540 
Accumulated other comprehensive loss, net of tax(5,307)(3,881)(2,213)(2,003)(1,670)
Less: Treasury stock, at cost
(24,521)(24,518)(24,400)(23,151)(21,150)
Total The Bank of New York Mellon Corporation shareholders’ equity40,984 41,799 43,034 43,601 45,281 
Nonredeemable noncontrolling interests of consolidated investment management funds
7 198 196 273 344 
Total permanent equity
40,991 41,997 43,230 43,874 45,625 
Total liabilities, temporary equity and permanent equity
$452,621 $473,811 $444,438 $470,533 $466,963 
5


THE BANK OF NEW YORK MELLON CORPORATION
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FEE AND OTHER REVENUE
2Q22 vs.YTD22 vs.
(dollars in millions)2Q221Q224Q213Q212Q211Q222Q21YTD22YTD21YTD21
Investment services fees$2,206 $1,993 $2,061 $2,091 $2,076 11 %6 %$4,199 $4,132 2 %
Investment management and performance fees:
Investment management fees (a)
828 849 864 892 875 (2)(5)1,677 1,725 (3)
Performance fees5 34 32 21 14 N/M(64)39 54 (28)
Total investment management and performance fees (b)
833 883 896 913 889 (6)(6)1,716 1,779 (4)
Foreign exchange revenue222 207 199 185 184 7 21 429 415 3 
Financing-related fees44 45 47 48 48 (2)(8)89 99 (10)
Distribution and servicing fees34 30 28 28 27 13 26 64 56 14 
Total fee revenue3,339 3,158 3,231 3,265 3,224 6 4 6,497 6,481 — 
Investment and other revenue:
(Loss) income from consolidated investment management funds(24)(20)9 (7)13 N/MN/M(44)30 N/M
Seed capital (losses) gains (c)
(24)(8)12 7 18 N/MN/M(32)21 N/M
Other trading revenue (loss)45 5 (6)20 (1)N/MN/M50 (8)N/M
Renewable energy investment (losses)(44)(44)(37)(42)(41)N/MN/M(88)(122)N/M
Corporate/bank-owned life insurance28 33 45 33 29 N/MN/M61 62 N/M
Other investments gains (d)
78 61 55 70 23 N/MN/M139 34 N/M
Disposal gains— — — 7 6 N/MN/M— 6 N/M
Expense reimbursements from joint venture26 27 23 25 25 N/MN/M53 48 N/M
Other income6 12 5 14 17 N/MN/M18 27 N/M
Net securities gains— 4 1 2 2 N/MN/M4 2 N/M
Total investment and other revenue91 70 107 129 91 N/MN/M161 100 N/M
Total fee and other revenue$3,430 $3,228 $3,338 $3,394 $3,315 6 %3 %$6,658 $6,581 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 3% compared with 2Q21. 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.

6


THE BANK OF NEW YORK MELLON CORPORATION
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AVERAGE BALANCES AND INTEREST RATES
2Q221Q224Q213Q212Q21
Average balanceAverage rateAverage balanceAverage rateAverage balanceAverage rateAverage balanceAverage rateAverage balanceAverage rate
(dollars in millions; average rates are annualized)
Assets
Interest-earning assets:
Interest-bearing deposits with the Federal Reserve and other central banks$102,844 0.38 %$100,303 0.01 %$105,065 (0.06)%$108,110 (0.07)%$114,564 (0.09)%
Interest-bearing deposits with banks (primarily foreign banks)18,097 0.74 17,181 0.33 18,818 0.23 20,465 0.22 22,465 0.20 
Federal funds sold and securities purchased under resale agreements (a)
24,212 1.91 27,006 0.56 27,780 0.45 29,304 0.44 27,857 0.36 
Loans69,036 2.15 66,810 1.57 64,650 1.55 61,206 1.55 60,520 1.57 
Securities:
U.S. government obligations41,267 1.07 40,868 0.74 39,169 0.73 36,255 0.73 33,212 0.71 
U.S. government agency obligations64,939 1.59 67,055 1.46 69,691 1.35 70,199 1.34 72,809 1.34 
State and political subdivisions (b)
2,065 2.13 2,337 2.16 2,569 2.11 2,628 2.07 2,768 1.94 
Other securities (b)
43,635 1.31 45,541 1.02 47,493 0.97 47,334 0.94 47,451 0.95 
Total investment securities (b)
151,906 1.37 155,801 1.15 158,922 1.10 156,416 1.09 156,240 1.10 
Trading securities (b)
4,687 1.91 6,085 1.43 6,447 0.93 5,564 0.53 6,639 0.72 
Total securities (b)
156,593 1.39 161,886 1.16 165,369 1.09 161,980 1.07 162,879 1.08 
Total interest-earning assets (b)
$370,782 1.25 %$373,186 0.84 %$381,682 0.76 %$381,065 0.73 %$388,285 0.71 %
Noninterest-earning assets66,841 67,016 67,956 65,696 64,044 
Total assets$437,623 $440,202 $449,638 $446,761 $452,329 
Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits$219,124 0.16 %$223,243 (0.07)%$231,086 (0.08)%$233,363 (0.08)%$239,466 (0.08)%
Federal funds purchased and securities sold under repurchase
agreements (a)
12,610 2.47 12,864 0.36 12,421 0.07 13,415 0.08 13,773 (0.17)
Trading liabilities3,231 1.25 3,372 0.53 3,019 0.28 2,821 0.11 2,282 0.38 
Other borrowed funds437 2.14 458 2.36 517 1.80 383 2.53 298 2.21 
Commercial paper5 1.61 4 0.09 — — 11 0.07 — — 
Payables to customers and broker-dealers16,592 0.21 16,661 0.01 16,414 (0.01)16,648 (0.01)16,811 (0.01)
Long-term debt26,195 2.22 25,588 1.53 25,932 1.36 25,751 1.39 25,275 1.43 
Total interest-bearing liabilities$278,194 0.48 %$282,190 0.11 %$289,389 0.07 %$292,392 0.07 %$297,905 0.05 %
Total noninterest-bearing deposits91,893 90,179 91,535 85,581 85,802 
Other noninterest-bearing liabilities26,354 25,419 25,481 24,164 23,317 
Total The Bank of New York Mellon Corporation shareholders’ equity41,037 42,201 42,968 44,296 44,934 
Noncontrolling interests145 213 265 328 371 
Total liabilities and equity$437,623 $440,202 $449,638 $446,761 $452,329 
Net interest margin0.89 %0.75 %0.71 %0.67 %0.67 %
Net interest margin (FTE) – Non-GAAP (c)
0.89 %0.76 %0.71 %0.68 %0.67 %
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $33 billion for 2Q22, $53 billion for 1Q22, $54 billion for 4Q21, $47 billion for 3Q21 and $41 billion for 2Q21. 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 0.80% for 2Q22, 0.19% for 1Q22, 0.15% for 4Q21, 0.17% for 3Q21 and 0.15% for 2Q21. 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 0.68% for 2Q22, 0.07% for 1Q22, 0.01% for 4Q21, 0.02% for 3Q21 and (0.04)% for 2Q21. 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.
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THE BANK OF NEW YORK MELLON CORPORATION
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CAPITAL AND LIQUIDITY
20222021
(dollars in millions)June 30March 31Dec. 31Sept. 30June 30
Consolidated regulatory capital ratios (a)
Standardized Approach:
CET1 capital$17,067 $17,579 $18,746 $19,844 $21,456 
Tier 1 capital21,821 22,335 23,485 24,292 25,896 
Total capital23,364 23,835 24,972 25,816 27,464 
Risk-weighted assets169,669 173,629 167,608 169,216 169,885 
CET1 ratio10.1 %10.1 %11.2 %11.7 %12.6 %
Tier 1 capital ratio12.9 12.9 14.0 14.4 15.2 
Total capital ratio13.8 13.7 14.9 15.3 16.2 
Advanced Approaches:
CET1 capital$17,067 $17,579 $18,746 $19,844 $21,456 
Tier 1 capital21,821 22,335 23,485 24,292 25,896 
Total capital23,110 23,582 24,722 25,534 27,183 
Risk-weighted assets169,913 169,091 165,067 167,607 169,380 
CET1 ratio10.0 %10.4 %11.4 %11.8 %12.7 %
Tier 1 capital ratio12.8 13.2 14.2 14.5 15.3 
Total capital ratio13.6 13.9 15.0 15.2 16.0 
Tier 1 leverage ratio:
Average assets for Tier 1 leverage ratio$418,463 $420,778 $430,102 $427,461 $432,954 
Tier 1 leverage ratio5.2 %5.3 %5.5 %5.7 %6.0 %
SLR:
Leverage exposure$352,259 $361,464 $354,033 $347,856 $346,455 
SLR6.2 %6.2 %6.6 %7.0 %7.5 %
Average liquidity coverage ratio111 %109 %109 %111 %110 %
(a) Regulatory capital ratios for June 30, 2022 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, 2022 was the Advanced Approaches, for March 31, 2022 and Dec. 31, 2021 was the Standardized Approach, and for Sept. 30, 2021 and June 30, 2021 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio.

8


THE BANK OF NEW YORK MELLON CORPORATION
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SECURITIES SERVICES BUSINESS SEGMENT
2Q22 vs.YTD22 vs.
(dollars in millions)2Q221Q224Q213Q212Q211Q222Q21YTD22YTD21YTD21
Revenue:
Investment services fees:
Asset Servicing$995 $999 $984 $979 $960 — %4 %$1,994 $1,913 4 %
Issuer Services309 141 253 281 281 119 10 450 527 (15)
Total investment services fees1,304 1,140 1,237 1,260 1,241 14 5 2,444 2,440 — 
Foreign exchange revenue155 148 148 125 129 5 20 303 301 1 
Other fees (a)
54 41 28 30 25 32 116 95 55 73 
Total fee revenue1,513 1,329 1,413 1,415 1,395 14 8 2,842 2,796 2 
Investment and other revenue36 74 53 73 38 N/MN/M110 68 N/M
Total fee and other revenue1,549 1,403 1,466 1,488 1,433 10 8 2,952 2,864 3 
Net interest revenue457 377 367 349 354 21 29 834 710 17 
Total revenue2,006 1,780 1,833 1,837 1,787 13 12 3,786 3,574 6 
Provision for credit losses13 (10)(7)(19)(58)N/MN/M3 (108)N/M
Noninterest expense (ex. amortization of intangible assets)1,647 1,502 1,481 1,535 1,393 10 18 3,149 2,804 12 
Amortization of intangible assets9 8 9 8 7 13 29 17 15 13 
Total noninterest expense1,656 1,510 1,490 1,543 1,400 10 18 3,166 2,819 12 
Income before income taxes$337 $280 $350 $313 $445 20 %(24)%$617 $863 (29)%
Total revenue by line of business:
Asset Servicing$1,534 $1,512 $1,456 $1,437 $1,382 1 %11 %$3,046 $2,806 9 %
Issuer Services472 268 377 400 405 76 17 740 768 (4)
Total revenue by line of business$2,006 $1,780 $1,833 $1,837 $1,787 13 %12 %$3,786 $3,574 6 %
Financial ratios:
Pre-tax operating margin17 %16 %19 %17 %25 %16 %24 %
Memo: Securities lending revenue (b)
$45 $39 $45 $45 $42 15 %7 %$84 $83 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.
9


THE BANK OF NEW YORK MELLON CORPORATION
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SECURITIES SERVICES BUSINESS SEGMENT
2Q22 vs.YTD22 vs.
(dollars in millions, unless otherwise noted)2Q221Q224Q213Q212Q211Q222Q21YTD22YTD21YTD21
Selected balance sheet data:
Average loans$11,386 $10,150 $9,764 $8,389 $8,485 12 %34 %$10,772 $8,430 28 %
Average assets (a)
$219,797 $220,889 $229,511 $226,930 $231,152 — %(5)%$220,340 $229,620 (4)%
Average deposits$191,191 $192,156 $200,272 $198,680 $203,147 (1)%(6)%$191,671 $201,505 (5)%
Selected metrics:
AUC/A at period end (in trillions) (b)(c)
$31.0 $33.7 $34.6 $33.8 $33.7 (8)%(8)%
Market value of securities on loan at period end (in billions) (d)
$441 $449 $447 $443 $456 (2)%(3)%
(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, 2022 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 $1.5 trillion at June 30, 2022 and $1.7 trillion at March 31, 2022, Dec. 31, 2021, Sept. 30, 2021 and June 30, 2021.
(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 $70 billion at June 30, 2022, $78 billion at March 31, 2022, $71 billion at Dec. 31, 2021, $68 billion at Sept. 30, 2021 and $63 billion at June 30, 2021.
10


THE BANK OF NEW YORK MELLON CORPORATION
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MARKET AND WEALTH SERVICES BUSINESS SEGMENT
2Q22 vs.YTD22 vs.
(dollars in millions)2Q221Q224Q213Q212Q211Q222Q21YTD22YTD21YTD21
Revenue:
Investment services fees:
Pershing$479 $433 $412 $427 $439 11 %9 %$912 $898 2 %
Treasury Services176 170 170 168 160 4 10 346 324 7 
Clearance and Collateral Management240 243 236 228 228 (1)5 483 454 6 
Total investment services fees895 846 818 823 827 6 8 1,741 1,676 4 
Foreign exchange revenue22 26 21 23 23 (15)(4)48 44 9 
Other fees (a)
46 34 31 31 32 35 44 80 69 16 
Total fee revenue963 906 870 877 882 6 9 1,869 1,789 4 
Investment and other revenue11 — 6 13 21 N/MN/M11 28 N/M
Total fee and other revenue974 906 876 890 903 8 8 1,880 1,817 3 
Net interest revenue340 296 297 283 289 15 18 636 578 10 
Total revenue1,314 1,202 1,173 1,173 1,192 9 10 2,516 2,395 5 
Provision for credit losses4 (2)(3)(16)(19)N/MN/M2 (48)N/M
Noninterest expense (ex. amortization of intangible assets)700 706 670 665 647 (1)8 1,406 1,320 7 
Amortization of intangible assets2 2 4 3 5 — (60)4 14 (71)
Total noninterest expense702 708 674 668 652 (1)8 1,410 1,334 6 
Income before income taxes$608 $496 $502 $521 $559 23 %9 %$1,104 $1,109 — %
Total revenue by line of business:
Pershing$636 $570 $553 $566 $590 12 %8 %$1,206 $1,195 1 %
Treasury Services373 338 331 326 319 10 17 711 636 12 
Clearance and Collateral Management305 294 289 281 283 4 8 599 564 6 
Total revenue by line of business$1,314 $1,202 $1,173 $1,173 $1,192 9 %10 %$2,516 $2,395 5 %
Financial ratios:
Pre-tax operating margin46 %41 %43 %44 %47 %44 %46 %
(a) Other fees primarily include financing-related fees.
N/M – Not meaningful.

11


THE BANK OF NEW YORK MELLON CORPORATION
bnym_logo3x2q22a.jpg
MARKET AND WEALTH SERVICES BUSINESS SEGMENT
2Q22 vs.YTD22 vs.
(dollars in millions, unless otherwise noted)2Q221Q224Q213Q212Q211Q222Q21YTD22YTD21YTD21
Selected balance sheet data:
Average loans$42,391 $42,113 $40,812 $39,041 $38,360 1 %11 %$42,253 $36,736 15 %
Average assets (a)
$141,952 $141,183 $143,816 $143,630 $144,297 1 %(2)%$141,570 $146,546 (3)%
Average deposits$94,716 $95,704 $100,653 $101,253 $102,896 (1)%(8)%$95,207 $104,976 (9)%
Selected metrics:
AUC/A at period end (in trillions) (b)(c)
$11.8 $11.6 $11.8 $11.2 $11.1 2 %6 %


Pershing
AUC/A at period end (in trillions) (b)
$2.2 $2.5 $2.6 $2.6 $2.8 (12)%(21)%
Net new assets (U.S. platform) (in billions) (d)
$16 $18 $69 $13 $47 N/MN/M
Average active clearing accounts (in thousands)
7,432 7,432 7,334 7,259 7,290 — %2 %
Treasury Services
Average daily U.S. dollar payment volumes237,763 240,403 245,634 232,144 230,346 (1)%3 %
Clearance and Collateral Management
Average tri-party collateral management balances (in billions)
$5,207 $5,026 $4,972 $4,516 $3,898 4 %34 %
(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, 2022 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.

12


THE BANK OF NEW YORK MELLON CORPORATION
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INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT
2Q22 vs.YTD22 vs.
(dollars in millions)2Q221Q224Q213Q212Q211Q222Q21YTD22YTD21YTD21
Revenue:
Investment management fees$825 $848 $864 $893 $876 (3)%(6)%$1,673 $1,726 (3)%
Performance fees5 34 32 21 14 N/M(64)39 54 (28)
Investment management and performance fees (a)
830 882 896 914 890 (6)(7)1,712 1,780 (4)
Distribution and servicing fees51 32 28 28 28 59 82 83 56 48 
Other fees (b)
(31)1 22 20 16 N/MN/M(30)38 N/M
Total fee revenue850 915 946 962 934 (7)(9)1,765 1,874 (6)
Investment and other revenue (c)
(13)(8)23 23 18 N/MN/M(21)21 N/M
Total fee and other revenue (c)
837 907 969 985 952 (8)(12)1,744 1,895 (8)
Net interest revenue62 57 51 47 47 9 32 119 95 25 
Total revenue 899 964 1,020 1,032 999 (7)(10)1,863 1,990 (6)
Provision for credit losses— (3)(6)(7)(4)N/MN/M(3)— N/M
Noninterest expense (ex. amortization of intangible assets)685 748 741 684 669 (8)2 1,433 1,371 5 
Amortization of intangible assets6 7 7 7 8 (14)(25)13 15 (13)
Total noninterest expense691 755 748 691 677 (8)2 1,446 1,386 4 
Income before income taxes$208 $212 $278 $348 $326 (2)%(36)%$420 $604 (30)%
Total revenue by line of business:
Investment Management$603 $658 $709 $727 $700 (8)%(14)%$1,261 $1,398 (10)%
Wealth Management296 306 311 305 299 (3)(1)602 592 2 
Total revenue by line of business$899 $964 $1,020 $1,032 $999 (7)%(10)%$1,863 $1,990 (6)%
Financial ratios:
Pre-tax operating margin23 %22 %27 %34 %33 %23 %30 %
Adjusted pre-tax operating margin – Non-GAAP (d)
26 %24 %29 %36 %35 %25 %33 %
Selected balance sheet data:
Average loans$14,087 $13,228 $12,737 $12,248 $11,871 6 %19 %$13,660 $11,742 16 %
Average assets (e)
$33,668 $35,629 $31,306 $30,195 $30,370 (6)%11 %$34,643 $31,213 11 %
Average deposits$20,802 $22,501 $18,374 $17,270 $17,466 (8)%19 %$21,647 $18,317 18 %
(a) On a constant currency basis, investment management and performance fees decreased 3% (Non-GAAP) compared with 2Q21. 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.
13


THE BANK OF NEW YORK MELLON CORPORATION
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AUM BY PRODUCT TYPE, CHANGES IN AUM AND WEALTH MANAGEMENT CLIENT ASSETS
2Q22 vs.YTD22 vs.
(dollars in billions)2Q221Q224Q213Q212Q211Q222Q21YTD22YTD21YTD21
AUM by product type (a)(b):
Equity$139 $168 $187 $180 $187 (17)%(26)%
Fixed income226 248 267 269 272 (9)(17)
Index387 440 467 436 440 (12)(12)
Liability-driven investments641 812 890 843 841 (21)(24)
Multi-asset and alternative investments188 215 228 218 222 (13)(15)
Cash356 383 395 364 358 (7)(1)
Total AUM$1,937 $2,266 $2,434 $2,310 $2,320 (15)%(17)%
Changes in AUM (a)(b):
Beginning balance of AUM$2,266 $2,434 $2,310 $2,320 $2,214 $2,434 $2,211 
Net inflows (outflows):
Long-term strategies:
Equity(4)(4)(4)(5)(3)(8)(3)
Fixed income(1)(5)— 1 8 (6)16 
Liability-driven investments12 17 1 16 11 29 19 
Multi-asset and alternative investments(5)(4)1 (2)1 (9)(1)
Total long-term active strategies inflows (outflows)2 4 (2)10 17 6 31 
Index12 (5)(2)(3)(5)7 (2)
Total long-term strategies inflows (outflows)14 (1)(4)7 12 13 29 
Short-term strategies:
Cash(26)(11)31 7 13 (37)32 
Total net (outflows) inflows(12)(12)27 14 25 (24)61 
Net market impact(241)(130)96 4 79 (371)43 
Net currency impact(76)(26)1 (28)2 (102)5 
Ending balance of AUM$1,937 $2,266 $2,434 $2,310 $2,320 (15)%(17)%$1,937 $2,320 (17)%
Wealth Management client assets (a)(c)
$264 $305 $321 $307 $305 (13)%(13)%
(a) June 30, 2022 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.
14


THE BANK OF NEW YORK MELLON CORPORATION
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OTHER SEGMENT
(in millions)2Q221Q224Q213Q212Q21YTD22YTD21
Revenue:
Fee revenue$13 $8 $2 $12 $13 $21 $22 
Investment and other revenue62 12 19 23 9 74 (27)
Total fee and other revenue75 20 21 35 22 95 (5)
Net interest (expense)(35)(32)(38)(38)(45)(67)(83)
Total revenue40 (12)(17)(3)(23)28 (88)
Provision for credit losses30 17 (1)(3)(5)47 (13)
Noninterest expense63 33 55 16 49 96 90 
(Loss) before taxes$(53)$(62)$(71)$(16)$(67)$(115)$(165)
Selected balance sheet data:
Average loans and leases$1,172 $1,319 $1,337 $1,528 $1,804 $1,244 $1,757 
Average assets $42,206 $42,501 $45,005 $46,006 $46,510 $42,371 $48,953 
15


THE BANK OF NEW YORK MELLON CORPORATION
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SECURITIES PORTFOLIO
(dollars in millions)March 31, 20222Q22
change in
unrealized
gain (loss)		June 30, 2022
Fair value
as a % of amortized
cost (a)
Unrealized
gain (loss)
% Floating
rate (b)
Ratings (c)
Amortized
cost		Fair valueAAA/
AA-		A+/
A-		BBB+/
BBB-		BB+ and
lower		Not
rated
 Fair value
U.S. Treasury$39,929 $(271)$43,707 $42,547 97 %$(1,160)50 %100 %— %— %— %— %
Agency RMBS45,780 (1,244)45,448 42,241 93 (3,207)13 100 — — — — 
Sovereign debt/sovereign guaranteed13,131 (128)12,901 12,577 97 (324)14 86 4 9 1 — 
Agency commercial MBS12,423 (196)12,798 12,257 96 (541)37 100 — — — — 
Supranational7,802 (59)8,131 7,949 98 (182)58 100 — — — — 
CLOs5,815 (144)6,230 6,046 97 (184)100 99 — — — 1 
Foreign covered bonds
6,252 (66)6,010 5,831 97 (179)48 100 — — — — 
U.S. government agencies
6,297 (119)6,064 5,671 94 (393)33 100 — — — — 
Non-agency commercial MBS
3,104 (101)3,270 3,045 93 (225)49 100 — — — — 
Foreign government agencies
2,771 (24)2,684 2,599 97 (85)25 92 8 — — — 
Non-agency RMBS2,538 (82)2,447 2,346 96 (101)50 85 3 — 7 5 
State and political subdivisions
2,161 (71)2,276 2,049 90 (227)23 90 9 — — 1 
Other asset-backed securities
1,880 (30)1,771 1,668 94 (103)18 100 — — — — 
Corporate bonds1,483 (41)1,455 1,342 92 (113)43 17 67 16 — — 
Other1 — 1 1 100 — — — — — — 100 
Total securities$151,367 (d)$(2,576)$155,193 $148,169 (d)(e)95 %$(7,024)(d)(f)36 %98 %1 %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 $914 million at March 31, 2022 and $1,764 million at June 30, 2022.
(e) The fair value of available-for-sale securities totaled $93,042 million at June 30, 2022, net of hedges, or 63% of the fair value of the securities portfolio, net of hedges. The fair value of the held-to-maturity securities totaled $55,127 million at June 30, 2022, or 37% of the fair value of the securities portfolio, net of hedges.
(f) At June 30, 2022, net unrealized losses of $2,585 million related to available-for-sale securities, net of hedges, and $4,439 million related to held-to-maturity securities.
Note: The amortizable purchase premium (net of discount) relating to securities was $1,486 million at June 30, 2022 and the amortization of that net purchase premium was $98 million in 2Q22.
16


THE BANK OF NEW YORK MELLON CORPORATION
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ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS
20222021
(dollars in millions)June 30March 31Dec. 31Sept. 30June 30
Allowance for credit losses – beginning of period:
Allowance for loan losses$171 $196 $233 $269 $327 
Allowance for lending-related commitments53 45 40 50 73 
Allowance for other financial instruments (a)
39 19 18 16 19 
Allowance for credit losses – beginning of period$263 $260 $291 $335 $419 
Net (charge-offs) recoveries:
Charge-offs(1)— (16)— (1)
Recoveries1 1 2 1 3 
Total net (charge-offs) recoveries— 1 (14)1 2 
Provision for credit losses (b)
47 2 (17)(45)(86)
Allowance for credit losses – end of period$310 $263 $260 $291 $335 
Allowance for credit losses – end of period:
Allowance for loan losses$181 $171 $196 $233 $269 
Allowance for lending-related commitments62 53 45 40 50 
Allowance for other financial instruments (a)
67 39 19 18 16 
Allowance for credit losses – end of period$310 $263 $260 $291 $335 
Allowance for loan losses as a percentage of total loans0.26 %0.25 %0.29 %0.36 %0.42 %
Nonperforming assets$114 $119 $120 $108 $90 
(a) Includes allowance for credit losses on federal funds sold and securities purchased under resale agreements, available-for-sale 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.
17


THE BANK OF NEW YORK MELLON CORPORATION
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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)2Q221Q224Q213Q212Q21YTD22YTD21
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP$835 $699 $822 $881 $991 $1,534 $1,849 
Add: Amortization of intangible assets17 17 19 19 20 34 44 
Less: Tax impact of amortization of intangible assets4 4 5 4 5 8 11 
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP$848 $712 $836 $896 $1,006 $1,560 $1,882 
Average common shareholders’ equity$36,199 $37,363 $37,941 $39,755 $40,393 $36,778 $40,556 
Less: Average goodwill17,347 17,490 17,481 17,474 17,517 17,418 17,506 
 Average intangible assets2,949 2,979 2,988 2,953 2,975 2,964 2,987 
Add: Deferred tax liability – tax deductible goodwill1,187 1,184 1,178 1,173 1,163 1,187 1,163 
 Deferred tax liability – intangible assets668 673 676 673 675 668 675 
Average tangible common shareholders’ equity – Non-GAAP$17,758 $18,751 $19,326 $21,174 $21,739 $18,251 $21,901 
Return on common equity – GAAP 9.3 %7.6 %8.6 %8.8 %9.8 %8.4 %9.2 %
Return on tangible common equity – Non-GAAP19.2 %15.4 %17.2 %16.8 %18.6 %17.2 %17.3 %
18


THE BANK OF NEW YORK MELLON CORPORATION
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EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Book value and tangible book value per common share reconciliation20222021
(dollars in millions, except common shares and unless otherwise noted)June 30March 31Dec. 31Sept. 30June 30
BNY Mellon shareholders’ equity at period end – GAAP$40,984 $41,799 $43,034 $43,601 $45,281 
Less: Preferred stock4,838 4,838 4,838 4,541 4,541 
BNY Mellon common shareholders’ equity at period end – GAAP36,146 36,961 38,196 39,060 40,740 
Less: Goodwill17,271 17,462 17,512 17,420 17,487 
Intangible assets2,934 2,968 2,991 2,941 2,964 
Add: Deferred tax liability – tax deductible goodwill1,187 1,184 1,178 1,173 1,163 
Deferred tax liability – intangible assets668 673 676 673 675 
BNY Mellon tangible common shareholders’ equity at period end – Non-GAAP$17,796 $18,388 $19,547 $20,545 $22,127 
Period-end common shares outstanding (in thousands)
808,103 807,798 804,145 825,821 863,174 
Book value per common share – GAAP$44.73 $45.76 $47.50 $47.30 $47.20 
Tangible book value per common share – Non-GAAP$22.02 $22.76 $24.31 $24.88 $25.64 
Net interest margin reconciliation
(dollars in millions)2Q221Q224Q213Q212Q21
Net interest revenue – GAAP$824 $698 $677 $641 $645 
Add: Tax equivalent adjustment3 3 4 3 3 
Net interest revenue (FTE) – Non-GAAP$827 $701 $681 $644 $648 
Average interest-earning assets$370,782 $373,186 $381,682 $381,065 $388,285 
Net interest margin – GAAP (a)
0.89 %0.75 %0.71 %0.67 %0.67 %
Net interest margin (FTE) – Non-GAAP (a)
0.89 %0.76 %0.71 %0.68 %0.67 %
(a) Net interest margin is annualized.
19


THE BANK OF NEW YORK MELLON CORPORATION
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EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Pre-tax operating margin reconciliation - Investment and Wealth Management business segment
(dollars in millions)2Q221Q224Q213Q212Q21YTD22YTD21
Income before income taxes – GAAP$208 $212 $278 $348 $326 $420 $604 
Total revenue – GAAP$899 $964 $1,020 $1,032 $999 $1,863 $1,990 
Less: Distribution and servicing expense91 79 75 76 74 170 149 
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP$808 $885 $945 $956 $925 $1,693 $1,841 
Pre-tax operating margin – GAAP (a)
23 %22 %27 %34 %33 %23 %30 %
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a)
26 %24 %29 %36 %35 %25 %33 %
(a) Income before income taxes divided by total revenue.
Constant currency reconciliations2Q22 vs.
(dollars in millions)2Q222Q212Q21
Consolidated:
Investment management and performance fees – GAAP$833 $889 (6)%
Impact of changes in foreign currency exchange rates— (33)
Adjusted investment management and performance fees – Non-GAAP$833 $856 (3)%
Investment and Wealth Management business segment:
Investment management and performance fees – GAAP$830 $890 (7)%
Impact of changes in foreign currency exchange rates— (33)
Adjusted investment management and performance fees – Non-GAAP$830 $857 (3)%
20