The Bank of New York Mellon Corporation reported its financial results for the second quarter of 2025, revealing total revenue of $5.0 billion, which represents a 9% increase compared to the same period last year. The company's diluted earnings per share (EPS) rose to $1.93, reflecting a 27% year-over-year increase. Noninterest expense was recorded at $3.2 billion, up 4% from the previous year. The firm also reported a pre-tax operating margin of 37% and a return on tangible common equity (ROTCE) of 27.8%. Average deposits increased to $300 billion, marking a 5% year-over-year rise, while assets under custody and administration grew to $55.8 trillion, up 13% year-over-year.
In terms of capital distribution, BNY Mellon returned $1.2 billion to common shareholders, including $346 million in dividends and $895 million in share repurchases, achieving a total payout ratio of 92% year-to-date. The company's capital ratios remained strong, with a common equity tier 1 (CET1) ratio of 11.5% and a tier 1 leverage ratio of 6.1%. The financial performance was supported by net interest income increasing 17% due to reinvestment of maturing investment securities at higher yields, despite a mixed deposit environment. The results indicate a solid financial position, which could influence investor sentiment and stock performance.
linkJul 15, 2025 06:30:17
The Bank of New York Mellon Corporation announced that Robin Vince, currently the Chief Executive Officer, has been unanimously elected as Chairman of the Board of Directors, effective September 1, 2025. Joe Echevarria, the current Chairman, will transition to the role of lead independent director. Vince, who has been CEO since August 2022, will utilize his understanding of the company to guide the board's agenda and continue the firm's strategic transformation.
In his new role, Vince aims to leverage the company's capabilities to drive strategy and manage risk, while Echevarria will facilitate communication between independent directors and the Chairman. BNY Mellon, which oversees $53.1 trillion in assets under custody and administration, has a long history of supporting major corporations and governments, and continues to focus on creating value for shareholders and clients.
linkJun 12, 2025 16:36:55
The Bank of New York Mellon Corporation reported a total revenue of $4.8 billion for the first quarter of 2025, marking a 6% increase from the previous year. The company's diluted earnings per share (EPS) rose to $1.58, reflecting a 26% year-over-year increase. Positive financial metrics included a pre-tax operating margin of 32% and a return on tangible common equity (ROTCE) of 24.2%. Additionally, the bank returned $1.1 billion to common shareholders through dividends and share repurchases, indicating a strong capital distribution strategy.
However, the bank experienced a decline in total fee revenue, which decreased by 3% year-over-year, and net interest income also fell by 3%. Noninterest expenses increased by 2%, attributed to higher investments and employee merit increases. Furthermore, assets under management (AUM) saw a slight decline of 1%, despite a 9% increase in assets under custody and/or administration (AUC/A). The provision for credit losses was recorded at $18 million, primarily related to commercial real estate exposure.
linkApr 11, 2025 06:30:12
The Bank of New York Mellon Corporation (BNY) reported a fourth quarter 2024 earnings per share (EPS) of $1.54, which is a 3% increase from the previous quarter and a significant 633% increase from the same quarter last year. The company achieved record net income of $4.3 billion on record revenue of $18.6 billion for the full year, with a return on tangible common equity (ROTCE) of 23.3%. Additionally, BNY returned $4.4 billion to shareholders, including $1.1 billion in the fourth quarter alone, highlighting strong capital distribution.
On the downside, BNY's total assets under management (AUM) decreased by 5% compared to the previous quarter, reflecting unfavorable market conditions. The Tier 1 leverage ratio also fell to 5.7%, down from 6.0% year-over-year, indicating a decrease in capital adequacy. Furthermore, the provision for credit losses remained a concern, particularly related to commercial real estate exposure, which could impact future financial stability.
linkJan 15, 2025 06:30:09
The Bank of New York Mellon Corporation (BNY) announced impressive financial results for the third quarter of 2024, with earnings per share rising to $1.50, a 22% increase from the previous year. The company achieved significant growth across its business segments, with assets under custody surpassing $50 trillion for the first time, reflecting strong client inflows and higher market values. BNY's strategic initiatives, including the planned acquisition of Archer, are expected to enhance client solutions and support future growth. Overall, the financial performance demonstrates effective management and a solid foundation for sustainable shareholder value.
Despite the positive results, BNY faced a slight decline in net income applicable to common shareholders, which fell by 3% compared to the previous quarter. Additionally, the company reported a modest increase in noninterest expenses, attributed to higher investments and employee merit increases. While the return on equity remained strong at 12.0%, there are concerns regarding the provision for credit losses, which rose to $23 million, primarily related to commercial real estate exposure. These factors suggest that while BNY is performing well, it must navigate challenges to maintain its momentum.
linkOct 11, 2024 06:30:11
The Bank of New York Mellon Corporation reported a 16% increase in earnings per share, excluding notable items, and a return on tangible common equity of 24% in the second quarter of 2024. They raised their common dividend by 12% and returned $923 million of capital to shareholders through dividends and share repurchases. Total revenue increased by 2%, driven by fee growth and expense discipline. The company remains focused on enhancing its financial performance and unlocking its full potential for clients and shareholders.
linkJul 12, 2024 06:30:47
BNY Mellon reported a positive Q1 2024 with $1.25 EPS, or $1.29 adjusted, showing 11% growth. Total revenue increased by 3%, with strong growth in investment services fees. The company focused on improving profitability and investing in growth initiatives. They returned $1.3 billion to shareholders through dividends and share repurchases. Despite challenges in foreign exchange markets, BNY Mellon's CEO remains optimistic about the company's potential to deliver more value to clients.
linkApr 16, 2024 06:31:28
The Bank of New York Mellon Corporation revised its financial information due to adopting new accounting guidance and business realignments. The adoption of ASU 2023-02 impacted revenue and taxes positively. Business realignments aimed at enhancing efficiency and risk management. An increase in noninterest expense due to a revised estimate of FDIC special assessment was also reported. The changes did not impact the Other segment, and detailed financial information was provided for investor clarity.
linkMar 26, 2024 06:41:25
BNY Mellon reported Q4 2023 earnings per share of $0.33, or $1.28 as adjusted. Total revenue increased 10%, with improved pre-tax margin and ROTCE. The company demonstrated resilience amidst economic uncertainty, increased capital distribution, and outlined improved financial targets for the future. Notable items impacted results, including noninterest expense related to FDIC special assessment. AUC/A and AUM increased by 8%. The CEO expressed confidence in the company's strategic direction and emphasized priorities for 2024.
linkJan 12, 2024 06:30:24
BNY Mellon announced the redemption of all outstanding shares of its Series D Noncumulative Perpetual Preferred Stock and corresponding Depositary Shares, with a redemption date set for December 20, 2023. The redemption price for the Depositary Shares will be $1,000 per share, and after the Redemption Date, dividends will no longer accrue. BNY Mellon, established in 1784, is a major player in capital markets with significant assets under custody and/or administration, as well as assets under management. The company has received recognition as one of Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators.
linkNov 17, 2023 08:49:02