Bank of New York Mellon Corp (BK) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21
	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q
Interest income:
Interest income on loans	3,192
Interest income on investments	3,638
Interest income on repurchase agreements	3,814
	14,347
Interest expense:
Interest on deposits	4,032
Interest on borrowings	39
	10,137
Net interest income	4,210	3,143	2,713	2,334	1,452	1,447	1,404	1,407
Provision for loan losses	22	64	39	2	-13	-146	-231	-199
Net interest income after provision for loan losses	4,188	3,079	2,674	2,332	1,465	1,593	1,635	1,606
Other non-interest income	12,804
Total non-interest income	12,804
Non-interest expenses	13,103
Pre-tax income before non-recurring items	4,569	3,253	2,935	3,315	1,959	1,923	2,158	1,996
Non-recurring items				680
Pre-tax income	3,889	2,573	2,255	2,635	1,959	1,923	2,158	1,996
Income taxes	914	661	554	608	377	356	424	376
Tax rate	23.5%	25.7%	24.6%	23.1%	19.2%	18.5%	19.6%
Minority interest	1					-2	11
Net income	2,764	1,757	1,551	1,864	1,486	1,446	1,605	1,485
Net margin	16.3%	14.0%	12.8%	15.2%	18.7%	18.1%	19.9%	18.9%

Basic EPS	$3.44	$2.90	$2.55	$3.01	$3.57	$3.48	$3.70	$3.34
Diluted EPS	$3.43	$2.88	$2.54	$3.00	$3.55	$3.46	$3.68	$3.34

Shares outstanding (basic)	803	607	608	618	416	416	434	444
Shares outstanding (diluted)	807	609	611	621	418	418	436	445

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.