8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) – April 18, 2022

THE BANK OF NEW YORK MELLON CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	001-35651	13-2614959
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

240 Greenwich Street

New York, New York 10286

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code – (212) 495-1784

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value	BK	New York Stock Exchange
6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV	BK/P	New York Stock Exchange
(fully and unconditionally guaranteed by The Bank of New York Mellon Corporation)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02.    RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On April 18, 2022, The Bank of New York Mellon Corporation (“BNY Mellon”) released information on its financial results for the first quarter ended March 31, 2022. Copies of the Earnings Release and the Financial Supplement are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference.

ITEM 7.01.    REGULATION FD DISCLOSURE.

On April 18, 2022, BNY Mellon will hold a conference call and webcast to discuss its financial results for the first quarter ended March 31, 2022 and outlook. A copy of the Financial Highlights presentation for the conference call and webcast is attached hereto as Exhibit 99.3.

ITEM 9.01.    FINANCIAL STATEMENTS AND EXHIBITS.

    (d)    EXHIBITS.

Exhibit
Number	Description
99.1	The Bank of New York Mellon Corporation Earnings Release dated April 18, 2022, announcing financial results for the first quarter of 2022.
	The quotation in Exhibit 99.1 (the “Excluded Section”) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (“Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of BNY Mellon under the Securities Act of 1933 or the Exchange Act. The information included in Exhibit 99.1, other than in the Excluded Section, shall be deemed “filed” for purposes of the Exchange Act.
99.2	The Bank of New York Mellon Corporation Financial Supplement dated April 18, 2022, for the first quarter of 2022.
	The information included in Exhibit 99.2 shall be deemed “filed” for purposes of the Exchange Act.
99.3	First Quarter 2022 Financial Highlights Presentation dated April 18, 2022.
	The information included in Exhibit 99.3 shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of BNY Mellon under the Securities Act of 1933 or the Exchange Act.
104	Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	The Bank of New York Mellon Corporation (Registrant)
Date: April 18, 2022	By: /s/ James J. Killerlane III
	Name: James J. Killerlane III Title: Secretary

3

EX-99.1

News Release

BNY MELLON REPORTS FIRST QUARTER 2022 EARNINGS OF

$699 MILLION OR $0.86 PER COMMON SHARE

Revenue flat (a) EPS down 11% (a) ROE 8% ROTCE 15% (b) CET1 10.1% Tier 1 leverage 5.3%

(a)    Excluding the notable item related to Russia, revenue increased 2% (see note (b)) and EPS would have been $0.08 higher.

NEW YORK, April 18, 2022 – The Bank of New York Mellon Corporation (“BNY Mellon”) (NYSE: BK) today reported:

							1Q22 vs.
	1Q22		4Q21		1Q21		4Q21		1Q21
Net income applicable to common shareholders (in millions)	$	699	$	822	$	858	(15)	%	(19)	%
Diluted earnings per common share (c)	$	0.86	$	1.01	$	0.97	(15)	%	(11)	%

(c)    Includes impact of notable items of $(0.08) per share in 1Q22, $(0.04) per share in 4Q21 and $(0.01) in 1Q21. See note (b).

First Quarter Results

Total revenue of $3.9 billion, was flat; or increased 2% excluding a reduction related to Russia (b)

•Fee revenue decreased 3%; or was flat excluding an $88 million reduction related to Russia (b)

•Net interest revenue increased 7%

Total noninterest expense of $3.0 billion, increased ~ 5.5%

AUC/A of $45.5 trillion, increased 9%

AUM of $2.3 trillion, increased 2%

Securities Services

•Total revenue was flat

•Includes accelerated amortization of deferred costs for depositary receipts services related to Russia

•Income before taxes decreased 33%

•Pre-tax operating margin of 16%

Market and Wealth Services

•Total revenue was flat

•Income before taxes decreased 10%

•Pre-tax operating margin of 41%

Investment and Wealth Management

•Total revenue decreased 3%

•Income before taxes decreased 24%

•Pre-tax operating margin of 22%; adjusted pre-tax operating margin – Non-GAAP of 24% (b)

CEO Commentary

“We are in an increasingly uncertain environment, including the war in Ukraine, volatile markets, and persistently higher inflation which will require more meaningful monetary policy adjustments. It is in times like these that our strong, lower risk balance sheet and the resiliency of our business model differentiates us,” Todd Gibbons, Chief Executive Officer, said.

Mr. Gibbons added, “We continued to see healthy underlying momentum across most of our businesses. Reported revenue of $3.9 billion was flat year-over-year, or up 2% excluding an approximately $90 million reduction resulting from government sanctions and our actions related to Russia.”

“We generated a significant amount of capital and returned close to 60% of earnings to our shareholders, primarily through common dividends. Throughout the quarter, we took actions in the investment securities portfolio to temper the immediate impact to capital from higher interest rates. And we expect higher interest rates to be a positive for both fee and net interest revenue going forward,” Mr. Gibbons concluded.

Robin Vince, President and CEO-elect, added, “It is a privilege to be appointed as President and CEO-elect of this great firm, which has benefited enormously from Todd’s leadership over the past few years. He and I are working through the transition, and I look forward to working with my colleagues on the Executive Committee and our 50,000 talented employees around the world to realize the opportunity that lies ahead.”

Media Relations: Garrett Marquis (949) 683-1503	Investor Relations: Marius Merz (212) 298-1480
(b) For information on these Non-GAAP measures, see “Explanation of GAAP and Non-GAAP financial measures” on page 10.
Note: Above comparisons are 1Q22 vs. 1Q21, unless otherwise noted.

BNY Mellon 1Q22 Earnings Release

CONSOLIDATED FINANCIAL HIGHLIGHTS

(in millions, except per share amounts and unless otherwise noted; not meaningful - N/M)							1Q22 vs.
	1Q22		4Q21		1Q21		4Q21		1Q21
Fee revenue	$	3,158	$	3,231	$	3,257	(2)	%	(3)	%
Investment and other revenue	70		107		9		N/M		N/M
Total fee and other revenue	3,228		3,338		3,266		(3)		(1)
Net interest revenue	698		677		655		3		7
Total revenue	3,926		4,015		3,921		(2)		—
Provision for credit losses	2		(17)		(83)		N/M		N/M
Noninterest expense	3,006		2,967		2,851		1		5
Income before income taxes	918		1,065		1,153		(14)		(20)
Provision for income taxes	153		196		221		(22)		(31)
Net income	$	765	$	869	$	932	(12)	%	(18)	%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	699	$	822	$	858	(15)	%	(19)	%

Operating leverage (a) (353)  bps (531)  bps

Diluted earnings per common share	$	0.86		$	1.01		$	0.97		(15)	%	(11)	%
Average common shares and equivalents outstanding - diluted (in thousands)	813,986			817,345			885,655
Pre-tax operating margin	23		%	27		%	29		%

(a)    Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense.

bps – basis points.

KEY DRIVERS (comparisons are 1Q22 vs. 1Q21, unless otherwise stated)

•Total revenue was flat, or increased 2% excluding a reduction related to Russia (b), primarily reflecting:

•Fee revenue decreased 3% including an $88 million reduction primarily due to accelerated amortization of deferred costs for depositary receipts services related to Russia. The decrease also reflects the impact of lost business in the prior year in both Pershing and Corporate Trust, the unfavorable impact of a stronger U.S. dollar and lower foreign exchange revenue, partially offset by higher market values. Excluding a reduction related to Russia, fee revenue was flat (b).

•Investment and other revenue increased primarily reflecting a strategic equity investment gain in 1Q22 and a $39 million impairment for a renewable energy investment recorded in 1Q21, partially offset by lower seed capital results.

•Net interest revenue increased 7% primarily reflecting higher interest rates on interest-earning assets, a change in asset mix and lower funding expense, partially offset by lower interest-earning assets.

•Provision for credit losses was $2 million compared with a benefit of $83 million.

•Noninterest expense increased approximately 5.5% primarily reflecting higher investments in growth, infrastructure and efficiency initiatives and higher revenue-related expenses, partially offset by the favorable impact of a stronger U.S. dollar.

•Effective tax rate of 16.7% includes a benefit from the annual vesting of stock-based awards.

Assets under custody and/or administration (“AUC/A”) and Assets under management (“AUM”)

•AUC/A of $45.5 trillion, increased 9%, primarily reflecting client inflows, net new business and higher market values, partially offset by the unfavorable impact of a stronger U.S. dollar.

•AUM of $2.3 trillion, increased 2%, primarily reflecting net inflows and higher market values, partially offset by the unfavorable impact of a stronger U.S. dollar.

Capital and liquidity

•Repurchased 1.9 million common shares for $118 million; Dividends of $278 million to common shareholders (including dividend-equivalents on share-based awards).

•Return on common equity (“ROE”) – 8%; Return on tangible common equity (“ROTCE”) – 15% (b).

•Common Equity Tier 1 (“CET1”) ratio – 10.1%.

•Tier 1 leverage ratio – 5.3%.

•Average liquidity coverage ratio (“LCR”) – 109%.

•Total Loss Absorbing Capacity (“TLAC”) ratios exceed minimum requirements.

(b)    See “Explanation of GAAP and Non-GAAP financial measures” on page 10 for additional information.

Note: Throughout this document, sequential growth rates are unannualized.

Page - 2

BNY Mellon 1Q22 Earnings Release

SECURITIES SERVICES BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M)										1Q22 vs.
	1Q22			4Q21			1Q21			4Q21		1Q21
Investment services fees:
Asset Servicing	$	999		$	984		$	953		2	%	5	%
Issuer Services	141			253			246			(44)		(43)
Total investment services fees	1,140			1,237			1,199			(8)		(5)
Foreign exchange revenue	148			148			172			—		(14)
Other fees (a)	41			28			30			46		37
Total fee revenue	1,329			1,413			1,401			(6)		(5)
Investment and other revenue	74			53			30			N/M		N/M
Total fee and other revenue	1,403			1,466			1,431			(4)		(2)
Net interest revenue	377			367			356			3		6
Total revenue	1,780			1,833			1,787			(3)		—
Provision for credit losses	(10)			(7)			(50)			N/M		N/M
Noninterest expense	1,510			1,490			1,419			1		6
Income before taxes	$	280		$	350		$	418		(20)	%	(33)	%
Total revenue by line of business:
Asset Servicing	$	1,512		$	1,456		$	1,424		4	%	6	%
Issuer Services	268			377			363			(29)		(26)
Total revenue by line of business	$	1,780		$	1,833		$	1,787		(3)	%	—	%
Pre-tax operating margin	16		%	19		%	23		%
Securities lending revenue (b)	$	39		$	45		$	41		(13)	%	(5)	%
Metrics:
Average loans	$	10,150		$	9,764		$	8,374		4	%	21	%
Average deposits	$	192,156		$	200,272		$	199,845		(4)	%	(4)	%
AUC/A at period end (in trillions) (current period is preliminary) (c)	$	33.7		$	34.6		$	31.5		(3	%)	7	%
Market value of securities on loan at period end (in billions) (d)	$	449		$	447		$	445		—	%	1	%

(a)    Other fees primarily include financing-related fees.

(b)    Included in investment services fees in the Asset Servicing business.

(c)    Consists of AUC/A primarily from the Asset Servicing business and, to a lesser extent, the Issuer Services business. Includes the AUC/A of CIBC Mellon Global Securities Services Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $1.7 trillionatMarch 31, 2022 and Dec. 31, 2021 and $1.6 trillion at March 31, 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 $78 billionatMarch 31, 2022, $71 billion at Dec. 31, 2021 and $64 billion at March 31, 2021.

KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below. Also see page 7 for information related to money market fee waivers.

•Asset Servicing – The year-over-year increase primarily reflects a gain on a strategic equity investment and higher market values and net interest revenue, partially offset by lower foreign exchange revenue. The sequential increase primarily reflects lower money market fee waivers, higher strategic equity investment gains, increased activity from existing clients and higher net interest revenue.

•Issuer Services – The year-over-year and sequential decreases primarily reflect the accelerated amortization of deferred costs for depositary receipts services related to Russia. The year-over-year decrease also reflects lower depositary receipt fees and the impact of lost business in the prior year in Corporate Trust, partially offset by higher net interest revenue. The sequential decrease also reflects lower depositary receipts fees, partially offset by lower money market fee waivers.

•Noninterest expense increased year-over-year and sequentially primarily reflecting higher investments in growth, infrastructure and efficiency initiatives. The year-over-year increase also reflects higher revenue-related expenses, partially offset by the favorable impact of a stronger U.S. dollar. The sequential increase was partially offset by lower litigation reserves and revenue-related expenses.

Page - 3

BNY Mellon 1Q22 Earnings Release

MARKET AND WEALTH SERVICES BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M)										1Q22 vs.
	1Q22			4Q21			1Q21			4Q21		1Q21
Investment services fees:
Pershing	$	433		$	412		$	459		5	%	(6)	%
Treasury Services	170			170			164			—		4
Clearance and Collateral Management	243			236			226			3		8
Total investment services fees	846			818			849			3		—
Foreign exchange revenue	26			21			21			24		24
Other fees (a)	34			31			37			10		(8)
Total fee revenue	906			870			907			4		—
Investment and other revenue	—			6			7			N/M		N/M
Total fee and other revenue	906			876			914			3		(1)
Net interest revenue	296			297			289			—		2
Total revenue	1,202			1,173			1,203			2		—
Provision for credit losses	(2)			(3)			(29)			N/M		N/M
Noninterest expense	708			674			682			5		4
Income before taxes	$	496		$	502		$	550		(1)	%	(10)	%
Total revenue by line of business:
Pershing	$	570		$	553		$	605		3	%	(6)	%
Treasury Services	338			331			317			2		7
Clearance and Collateral Management	294			289			281			2		5
Total revenue by line of business	$	1,202		$	1,173		$	1,203		2	%	—	%
Pre-tax operating margin	41		%	43		%	46		%
Metrics:
Average loans	$	42,113		$	40,812		$	35,094		3	%	20	%
Average deposits	$	95,704		$	100,653		$	107,079		(5)	%	(11)	%
AUC/A at period end (in trillions) (current period is preliminary) (b)	$	11.6		$	11.8		$	9.9		(2)	%	17	%

(a)    Other fees primarily include financing-related fees.

(b)    Consists of AUC/A from the Clearance and Collateral Management and Pershing lines of business.

KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below. Also see page 7 for information related to money market fee waivers.

•Pershing – The year-over-year decrease primarily reflects the impact of prior year lost business and elevated 1Q21 transaction activity, partially offset by higher market values and growth from existing clients. The sequential increase primarily reflects higher transaction activity from existing clients.

•Treasury Services – The year-over-year increase primarily reflects higher net interest revenue and client activity from both new and existing clients. The sequential increase primarily reflects lower money market fee waivers and higher net interest revenue, partially offset by lower payment volumes.

•Clearance and Collateral Management – The year-over-year increase primarily reflects higher balances and clearance volumes. The sequential increase primarily reflects higher clearance volumes.

•Noninterest expense increased year-over-year and sequentially primarily reflecting higher investments in growth, infrastructure and efficiency initiatives. The sequential increase also reflects higher staff expense.

Page - 4

BNY Mellon 1Q22 Earnings Release

INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT HIGHLIGHTS

(dollars in millions, unless otherwise noted; not meaningful - N/M)										1Q22 vs.
	1Q22			4Q21			1Q21			4Q21		1Q21
Investment management fees	$	848		$	864		$	850		(2)	%	—	%
Performance fees	34			32			40			N/M		(15)
Investment management and performance fees	882			896			890			(2)		(1)
Distribution and servicing fees	32			28			28			14		14
Other fees (a)	1			22			22			N/M		N/M
Total fee revenue	915			946			940			(3)		(3)
Investment and other revenue (b)	(8)			23			3			N/M		N/M
Total fee and other revenue (b)	907			969			943			(6)		(4)
Net interest revenue	57			51			48			12		19
Total revenue	964			1,020			991			(5)		(3)
Provision for credit losses	(3)			(6)			4			N/M		N/M
Noninterest expense	755			748			709			1		6
Income before taxes	$	212		$	278		$	278		(24)	%	(24)	%
Total revenue by line of business:
Investment Management	$	658		$	709		$	698		(7)	%	(6)	%
Wealth Management	306			311			293			(2)		4
Total revenue by line of business	$	964		$	1,020		$	991		(5)	%	(3)	%
Pre-tax operating margin	22		%	27		%	28		%
Adjusted pre-tax operating margin – Non-GAAP (c)	24		%	29		%	30		%
Metrics:
Average loans	$	13,228		$	12,737		$	11,610		4	%	14	%
Average deposits	$	22,501		$	18,374		$	19,177		22	%	17	%
AUM (in billions) (current period is preliminary) (d)	$	2,266		$	2,434		$	2,214		(7)	%	2	%
Wealth Management client assets (in billions) (current period is preliminary) (e)	$	305		$	321		$	292		(5)	%	4	%

(a)    Other fees primarily include investment services fees.

(b)    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.

(c)    Net of distribution and servicing expense. See “Explanation of GAAP and Non-GAAP financial measures” on page 10 for information on this Non-GAAP measure.

(d)    Excludes assets managed outside of the Investment and Wealth Management business segment.

(e)    Includes AUM and AUC/A in the Wealth Management business.

KEY DRIVERS

•The drivers of the total revenue variances by line of business are indicated below. Also see page 7 for information related to money market fee waivers.

•Investment Management – The year-over-year decrease primarily reflects lower seed capital results, the unfavorable impact of a stronger U.S. dollar and lower equity income, partially offset by higher market values. The sequential decrease primarily reflects a strategic equity investment gain recorded in 4Q21, seed capital losses and lower market values, partially offset by lower money market fee waivers.

•Wealth Management – The year-over-year increase primarily reflects higher net interest revenue and market values. The sequential decrease primarily reflects lower market values, partially offset by higher net interest revenue.

•Noninterest expense increased year-over-year primarily reflecting higher investments in growth initiatives and revenue-related expenses, partially offset by favorable impact of a stronger U.S. dollar. The sequential increase primarily reflects higher staff expense.

Page - 5

BNY Mellon 1Q22 Earnings Release

OTHER SEGMENT primarily includes the leasing portfolio, corporate treasury activities, including our securities portfolio, derivatives and other trading activity, renewable energy and other corporate investments, certain business exits and other corporate revenue and expense items.

(in millions)	1Q22		4Q21		1Q21
Fee revenue	$	8	$	2	$	9
Investment and other revenue	12		19		(36)
Total fee and other revenue	20		21		(27)
Net interest (expense)	(32)		(38)		(38)
Total revenue	(12)		(17)		(65)
Provision for credit losses	17		(1)		(8)
Noninterest expense	33		55		41
(Loss) before taxes	$	(62)	$	(71)	$	(98)

KEY DRIVERS

•Total revenue includes corporate treasury and other investment activity, including hedging activity which has an offsetting impact between fee and other revenue and net interest expense. The year-over-year increase in total revenue primarily reflects a $39 million impairment for a renewable energy investment recorded in 1Q21.

•Provision for credit losses was $17 million in 1Q22 primarily related to interest-bearing deposits with banks in Russia.

•Noninterest expense decreased year-over-year and sequentially primarily reflecting lower staff expense.

Page - 6

BNY Mellon 1Q22 Earnings Release

MONEY MARKET FEE WAIVERS

The following table presents the impact of money market fee waivers on our consolidated fee revenue, net of distribution and servicing expense. In 1Q22, the net impact of money market fee waivers was $199 million, down from $243 million in 4Q21, driven by higher interest rates, partially offset by higher money market balances.

Money market fee waivers
(in millions)	1Q22		4Q21		3Q21		2Q21		1Q21
Investment services fees (see table below)	$	(126)	$	(148)	$	(142)	$	(148)	$	(109)
Investment management and performance fees	(85)		(116)		(109)		(115)		(89)
Distribution and servicing fees	(11)		(14)		(11)		(13)		(13)
Total fee revenue	(222)		(278)		(262)		(276)		(211)
Less: Distribution and servicing expense	23		35		29		24		23
Net impact of money market fee waivers	$	(199)	$	(243)	$	(233)	$	(252)	$	(188)
Impact to investment services fees by line of business (a):
Asset Servicing	$	(19)	$	(31)	$	(29)	$	(30)	$	(15)
Issuer Services	(11)		(18)		(17)		(16)		(11)
Pershing	(90)		(89)		(86)		(91)		(77)
Treasury Services	(6)		(10)		(10)		(11)		(6)
Total impact to investment services fees by line of business	$	(126)	$	(148)	$	(142)	$	(148)	$	(109)
Impact to fee revenue by line of business (a):
Asset Servicing	$	(28)	$	(50)	$	(47)	$	(50)	$	(29)
Issuer Services	(14)		(24)		(22)		(22)		(15)
Pershing	(107)		(106)		(102)		(99)		(94)
Treasury Services	(8)		(14)		(13)		(16)		(9)
Investment Management	(63)		(81)		(76)		(85)		(61)
Wealth Management	(2)		(3)		(2)		(4)		(3)
Total impact to fee revenue by line of business	$	(222)	$	(278)	$	(262)	$	(276)	$	(211)

(a)    The line of business revenue for management reporting purposes reflects the impact of revenue transferred between the businesses.

Page - 7

BNY Mellon 1Q22 Earnings Release

CAPITAL AND LIQUIDITY

Capital and liquidity ratios	March 31, 2022			Dec. 31, 2021
Consolidated regulatory capital ratios: (a)
CET1 ratio	10.1		%	11.2		%
Tier 1 capital ratio	12.9			14.0
Total capital ratio	13.8			14.9
Tier 1 leverage ratio	5.3			5.5
Supplementary leverage ratio	6.2			6.6
BNY Mellon shareholders’ equity to total assets ratio	8.8		%	9.7		%
BNY Mellon common shareholders’ equity to total assets ratio	7.8		%	8.6		%
Average LCR	109		%	109		%
Book value per common share	$	45.76		$	47.50
Tangible book value per common share – Non-GAAP (b)	$	22.76		$	24.31
Common shares outstanding (in thousands)	807,798			804,145

(a)    Regulatory capital ratios for March 31, 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 March 31, 2022 and Dec. 31, 2021 was the Standardized Approach.

(b)    Tangible book value per common share – Non-GAAP excludes goodwill and intangible assets, net of deferred tax liabilities. See “Explanation of GAAP and Non-GAAP financial measures” on page 10 for information on this Non-GAAP measure.

•CET1 capital totaled $17.6 billion and Tier 1 capital totaled $22.3 billion at March 31, 2022, both decreasing approximately $1.2 billion, compared with Dec. 31, 2021. The decreases primarily reflect unrealized losses on securities available-for-sale and capital deployed through dividends, partially offset by capital generated through earnings. The Tier 1 leverage ratio decreased compared with Dec. 31, 2021, driven by the decrease in capital, partially offset by lower average assets.

NET INTEREST REVENUE

Net interest revenue										1Q22 vs.
(dollars in millions; not meaningful - N/M)	1Q22			4Q21			1Q21			4Q21		1Q21
Net interest revenue	$	698		$	677		$	655		3%		7%
Add: Tax equivalent adjustment	3			4			3			N/M		N/M
Net interest revenue, on a fully taxable equivalent (“FTE”) basis – Non-GAAP (a)	$	701		$	681		$	658		3%		7%
Net interest margin	0.75		%	0.71		%	0.66		%	4	bps	9	bps
Net interest margin (FTE) – Non-GAAP (a)	0.76		%	0.71		%	0.67		%	5	bps	9	bps

(a)    Net interest revenue (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP include the tax equivalent adjustments on tax-exempt income. See “Explanation of GAAP and Non-GAAP financial measures” on page 10 for information on this Non-GAAP measure.

bps – basis points.

•Net interest revenue increased year-over-year primarily reflecting higher interest rates on interest-earning assets, a change in asset mix and lower funding expense, partially offset by lower interest-earning assets.

•Sequentially, the increase primarily reflects higher interest rates on interest-earning assets. This was partially offset by higher funding expense and lower interest-earning assets.

Page - 8

BNY Mellon 1Q22 Earnings Release

THE BANK OF NEW YORK MELLON CORPORATION

Condensed Consolidated Income Statement

(in millions)	Quarter ended
	March 31, 2022		Dec. 31, 2021		March 31, 2021
Fee and other revenue
Investment services fees	$	1,993	$	2,061	$	2,056
Investment management and performance fees	883		896		890
Foreign exchange revenue	207		199		231
Financing-related fees	45		47		51
Distribution and servicing fees	30		28		29
Total fee revenue	3,158		3,231		3,257
Investment and other revenue	70		107		9
Total fee and other revenue	3,228		3,338		3,266
Net interest revenue
Interest revenue	778		729		738
Interest expense	80		52		83
Net interest revenue	698		677		655
Total revenue	3,926		4,015		3,921
Provision for credit losses	2		(17)		(83)
Noninterest expense
Staff	1,702		1,633		1,602
Software and equipment	399		379		362
Professional, legal and other purchased services	370		390		343
Net occupancy	122		133		123
Sub-custodian and clearing	118		120		124
Distribution and servicing	79		75		74
Bank assessment charges	35		30		34
Business development	30		44		19
Amortization of intangible assets	17		19		24
Other	134		144		146
Total noninterest expense	3,006		2,967		2,851
Income
Income before income taxes	918		1,065		1,153
Provision for income taxes	153		196		221
Net income	765		869		932
Net loss (income) attributable to noncontrolling interests related to consolidated investment management funds	8		(6)		(5)
Net income applicable to shareholders of The Bank of New York Mellon Corporation	773		863		927
Preferred stock dividends	(74)		(41)		(69)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	699	$	822	$	858

Earnings per share applicable to the common shareholders of The Bank of New York Mellon Corporation	Quarter ended
	March 31, 2022		Dec. 31, 2021		March 31, 2021
(in dollars)
Basic	$	0.86	$	1.01	$	0.97
Diluted	$	0.86	$	1.01	$	0.97

Page - 9

BNY Mellon 1Q22 Earnings Release

EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES

BNY Mellon has included in this Earnings Release 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.

For the reconciliations of these Non-GAAP measures, see “Explanation of GAAP and Non-GAAP Financial Measures” in the Financial Supplement available at www.bnymellon.com.

BNY Mellon has presented revenue measures excluding a reduction in total revenue and fee revenue primarily related to accelerated amortization of deferred costs for depositary receipts services related to Russia. These measures are provided to permit investors to view the financial measures on a basis consistent with how management views the businesses.

Reconciliation of Non-GAAP measures, excluding a notable item					1Q22 vs.
(in millions)	1Q22		1Q21		1Q21
Total revenue – GAAP	$	3,926	$	3,921	—	%
Reduction related to Russia	(88)		—
Total revenue, excluding a reduction related to Russia – Non-GAAP	$	4,014	$	3,921	2	%
Fee revenue – GAAP	$	3,158	$	3,257	(3)	%
Reduction related to Russia	(88)		—
Fee revenue, excluding a reduction related to Russia – Non-GAAP	$	3,246	$	3,257	—	%

CAUTIONARY STATEMENT

A number of statements (i) in this Earnings Release, (ii) in our Financial Supplement, (iii) in our presentations and (iv) in the responses to questions on our conference call discussing our quarterly results and other public events may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about our capital plans, strategic priorities, financial goals, organic growth, performance, organizational quality and efficiency, investments, including in technology and product development, resiliency, capabilities, revenue, net interest revenue, money market fee waivers, fees, expenses, cost discipline, sustainable growth, innovation in products and services, company management, human capital management (including related ambitions, objectives, aims and goals), deposits, interest rates and yield curves, securities portfolio, taxes, business opportunities, divestments, volatility, preliminary business metrics and regulatory capital ratios and statements regarding our aspirations, as well as our overall plans, strategies, goals, objectives, expectations, outlooks, estimates, intentions, targets, opportunities, focus and initiatives, including the potential effects of the coronavirus pandemic on any of the foregoing. These statements may be expressed in a variety of ways, including the use of future or present tense language. Words such as “estimate,” “forecast,” “project,” “anticipate,” “likely,” “target,” “expect,” “intend,” “continue,” “seek,” “believe,” “plan,” “goal,” “could,” “should,” “would,” “may,” “might,” “will,” “strategy,” “synergies,” “opportunities,” “trends,” “ambition,” “objective,” “aim,” “future,” “potentially,” “outlook” and words of similar meaning may signify forward-looking

Page - 10

BNY Mellon 1Q22 Earnings Release

statements. These statements and other forward-looking statements contained in other public disclosures of BNY Mellon which make reference to the cautionary factors described in this Earnings Release are based upon current beliefs and expectations and are subject to significant risks and uncertainties (some of which are beyond BNY Mellon’s control). Actual results may differ materially from those expressed or implied as a result of a number of factors, including, but not limited to, the risk factors and other uncertainties set forth in BNY Mellon’s Annual Report on Form 10-K for the year ended Dec. 31, 2021 and BNY Mellon’s other filings with the Securities and Exchange Commission. Statements about the effects of the current and near-term market and macroeconomic outlook on BNY Mellon, including on its business, operations, financial performance and prospects, may constitute forward-looking statements, and are based on assumptions that involve risks and uncertainties and that are subject to change based on various important factors (some of which are beyond BNY Mellon’s control), including geopolitical risks (including those related to Russia’s invasion of Ukraine), as well as the scope and duration of the pandemic, actions taken by governmental authorities and other third parties in response to the pandemic, the availability, use and effectiveness of vaccines and the direct and indirect impact of the pandemic on us, our clients, customers and third parties. Preliminary business metrics and regulatory capital ratios are subject to change, possibly materially, as BNY Mellon completes its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022. All forward-looking statements in this Earnings Release speak only as of April 18, 2022, and BNY Mellon undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events.

ABOUT BNY MELLON

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of March 31, 2022, BNY Mellon had $45.5 trillion in assets under custody and/or administration, and $2.3 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

CONFERENCE CALL INFORMATION

Todd Gibbons, Chief Executive Officer, Robin Vince, President and Chief Executive Officer-Elect and Emily Portney, Chief Financial Officer, will host a conference call and simultaneous live audio webcast at 8:00 a.m. ET on April 18, 2022. This conference call and audio webcast will include forward-looking statements and may include other material information.

Investors and analysts wishing to access the conference call and audio webcast may do so by dialing (800) 390-5696 (U.S.) or (720) 452-9082 (International), and using the passcode: 200200, or by logging onto www.bnymellon.com/investorrelations. Earnings materials will be available at www.bnymellon.com/investorrelations beginning at approximately 6:30 a.m. ET on April 18, 2022. Replays of the conference call and audio webcast will be available beginning April 18, 2022 at approximately 2:00 p.m. ET through May 18, 2022 by dialing (888) 203-1112 (U.S.) or (719) 457-0820 (International), and using the passcode: 5049084. The archived version of the conference call and audio webcast will also be available at www.bnymellon.com/investorrelations for the same time period.

Page - 11

EX-99.2

The Bank of New York Mellon Corporation

Financial Supplement

First Quarter 2022

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
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)																1Q22 vs.
	1Q22			4Q21			3Q21			2Q21			1Q21			4Q21		1Q21
Selected income statement data
Fee and other revenue	$	3,228		$	3,338		$	3,394		$	3,315		$	3,266		(3)	%	(1)	%
Net interest revenue	698			677			641			645			655			3		7
Total revenue	3,926			4,015			4,035			3,960			3,921			(2)		—
Provision for credit losses	2			(17)			(45)			(86)			(83)			N/M		N/M
Noninterest expense	3,006			2,967			2,918			2,778			2,851			1		5
Income before income taxes	918			1,065			1,162			1,268			1,153			(14)		(20)
Provision for income taxes	153			196			219			241			221			(22)		(31)
Net income	$	765		$	869		$	943		$	1,027		$	932		(12)	%	(18)	%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	699		$	822		$	881		$	991		$	858		(15)	%	(19)	%
Diluted earnings per common share	$	0.86		$	1.01		$	1.04		$	1.13		$	0.97		(15)	%	(11)	%
Average common shares and equivalents outstanding – diluted (in thousands)	813,986			817,345			849,028			873,475			885,655			—	%	(8)	%
Financial ratios(Returns are annualized)
Pre-tax operating margin	23		%	27		%	29		%	32		%	29		%
Return on common equity	7.6		%	8.6		%	8.8		%	9.8		%	8.5		%
Return on tangible common equity – Non-GAAP (a)	15.4		%	17.2		%	16.8		%	18.6		%	16.1		%
Non-U.S. revenue as a percentage of total revenue	35		%	38		%	38		%	38		%	37		%
Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)	$	45.5		$	46.7		$	45.3		$	45.0		$	41.7		(3)	%	9	%
Assets under management (“AUM”) (in trillions)	$	2.27		$	2.43		$	2.31		$	2.32		$	2.21		(7)	%	2	%
Full-time employees	49,600			49,100			48,900			48,800			48,000			1	%	3	%
Book value per common share	$	45.76		$	47.50		$	47.30		$	47.20		$	46.16
Tangible book value per common share – Non-GAAP (a)	$	22.76		$	24.31		$	24.88		$	25.64		$	24.88
Cash dividends per common share	$	0.34		$	0.34		$	0.34		$	0.31		$	0.31
Common dividend payout ratio	40		%	34		%	34		%	28		%	32		%
Closing stock price per common share	$	49.63		$	58.08		$	51.84		$	51.23		$	47.29
Market capitalization	$	40,091		$	46,705		$	42,811		$	44,220		$	41,401
Common shares outstanding (in thousands)	807,798			804,145			825,821			863,174			875,481
Capital ratios at period end(c)
Common Equity Tier 1 ("CET1") ratio	10.1		%	11.2		%	11.7		%	12.6		%	12.6		%
Tier 1 capital ratio	12.9		%	14.0		%	14.4		%	15.2		%	15.2		%
Total capital ratio	13.8		%	14.9		%	15.2		%	16.0		%	16.1		%
Tier 1 leverage ratio	5.3		%	5.5		%	5.7		%	6.0		%	5.8		%
Supplementary leverage ratio ("SLR")	6.2		%	6.6		%	7.0		%	7.5		%	8.1		%
(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 $1.7 trillion at March 31, 2022, Dec. 31, 2021, Sept. 30, 2021 and June 30, 2021 and $1.6 trillion at March 31, 2021.
(c) Regulatory capital ratios for March 31, 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 March 31, 2022 and Dec. 31, 2021 was the Standardized Approach, and for Sept. 30, 2021, June 30, 2021 and March 31, 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
CONDENSED CONSOLIDATED INCOME STATEMENT
(dollars in millions, except per share amounts; common shares in thousands)											1Q22 vs.
	1Q22		4Q21		3Q21		2Q21		1Q21		4Q21		1Q21
Revenue
Investment services fees	$	1,993	$	2,061	$	2,091	$	2,076	$	2,056	(3)	%	(3)	%
Investment management and performance fees	883		896		913		889		890		(1)		(1)
Foreign exchange revenue	207		199		185		184		231		4		(10)
Financing-related fees	45		47		48		48		51		(4)		(12)
Distribution and servicing fees	30		28		28		27		29		7		3
Total fee revenue	3,158		3,231		3,265		3,224		3,257		(2)		(3)
Investment and other revenue	70		107		129		91		9		N/M		N/M
Total fee and other revenue	3,228		3,338		3,394		3,315		3,266		(3)		(1)
Net interest revenue	698		677		641		645		655		3		7
Total revenue	3,926		4,015		4,035		3,960		3,921		(2)		—
Provision for credit losses	2		(17)		(45)		(86)		(83)		N/M		N/M
Noninterest expense
Staff	1,702		1,633		1,584		1,518		1,602		4		6
Software and equipment	399		379		372		365		362		5		10
Professional, legal and other purchased services	370		390		363		363		343		(5)		8
Net occupancy	122		133		120		122		123		(8)		(1)
Sub-custodian and clearing	118		120		129		132		124		(2)		(5)
Distribution and servicing	79		75		76		73		74		5		7
Bank assessment charges	35		30		34		35		34		17		3
Business development	30		44		22		22		19		(32)		58
Amortization of intangible assets	17		19		19		20		24		(11)		(29)
Other	134		144		199		128		146		(7)		(8)
Total noninterest expense	3,006		2,967		2,918		2,778		2,851		1		5
Income before income taxes	918		1,065		1,162		1,268		1,153		(14)		(20)
Provision for income taxes	153		196		219		241		221		(22)		(31)
Net income	765		869		943		1,027		932		(12)		(18)
Net loss (income) attributable to noncontrolling interests	8		(6)		4		(5)		(5)		N/M		N/M
Preferred stock dividends	(74)		(41)		(66)		(31)		(69)		N/M		N/M
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	699	$	822	$	881	$	991	$	858	(15)	%	(19)	%
Average common shares and equivalents outstanding: Basic	809,469		811,463		844,088		869,460		882,558		—	%	(8)	%
Diluted	813,986		817,345		849,028		873,475		885,655		—	%	(8)	%
Earnings per common share: Basic	$	0.86	$	1.01	$	1.04	$	1.14	$	0.97	(15)	%	(11)	%
Diluted	$	0.86	$	1.01	$	1.04	$	1.13	$	0.97	(15)	%	(11)	%
N/M – Not meaningful.

4

THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET
	2022		2021
(in millions)	March 31		Dec. 31		Sept. 30		June 30		March 31
Assets
Cash and due from banks	$	6,143	$	6,061	$	6,752	$	5,154	$	5,991
Interest-bearing deposits with the Federal Reserve and other central banks	135,691		102,467		126,959		126,355		125,524
Interest-bearing deposits with banks	18,268		16,630		20,057		21,270		23,763
Federal funds sold and securities purchased under resale agreements	27,131		29,607		28,497		29,762		28,263
Securities	153,396		158,705		157,274		155,906		155,844
Trading assets	14,703		16,577		17,854		15,520		16,884
Loans	68,052		67,787		64,328		63,547		60,732
Allowance for loan losses	(171)		(196)		(233)		(269)		(327)
Net loans	67,881		67,591		64,095		63,278		60,405
Premises and equipment	3,359		3,431		3,422		3,442		3,521
Accrued interest receivable	467		457		464		492		485
Goodwill	17,462		17,512		17,420		17,487		17,469
Intangible assets	2,968		2,991		2,941		2,964		2,983
Other assets	26,342		22,409		24,798		25,333		23,852
Total assets	$	473,811	$	444,438	$	470,533	$	466,963	$	464,984
Liabilities
Deposits	$	345,565	$	319,694	$	343,139	$	338,670	$	336,768
Federal funds purchased and securities sold under repurchase agreements	13,181		11,566		11,973		12,425		15,150
Trading liabilities	5,587		5,469		5,152		6,451		4,566
Payables to customers and broker-dealers	26,608		25,150		26,002		23,704		23,827
Other borrowed funds	312		749		767		451		348
Accrued taxes and other expenses	4,534		5,767		5,609		5,213		4,916
Other liabilities	10,626		6,721		8,796		8,626		8,656
Long-term debt	25,246		25,931		25,043		25,629		25,350
Total liabilities	431,659		401,047		426,481		421,169		419,581
Temporary equity
Redeemable noncontrolling interests	155		161		178		169		187
Permanent equity
Preferred stock	4,838		4,838		4,541		4,541		4,541
Common stock	14		14		14		14		14
Additional paid-in capital	28,258		28,128		28,075		28,006		27,928
Retained earnings	37,088		36,667		36,125		35,540		34,822
Accumulated other comprehensive loss, net of tax	(3,881)		(2,213)		(2,003)		(1,670)		(1,819)
Less: Treasury stock, at cost	(24,518)		(24,400)		(23,151)		(21,150)		(20,532)
Total The Bank of New York Mellon Corporation shareholders’ equity	41,799		43,034		43,601		45,281		44,954
Nonredeemable noncontrolling interests of consolidated investment management funds	198		196		273		344		262
Total permanent equity	41,997		43,230		43,874		45,625		45,216
Total liabilities, temporary equity and permanent equity	$	473,811	$	444,438	$	470,533	$	466,963	$	464,984

5

THE BANK OF NEW YORK MELLON CORPORATION
FEE AND OTHER REVENUE
											1Q22 vs.
(dollars in millions)	1Q22		4Q21		3Q21		2Q21		1Q21		4Q21		1Q21
Investment services fees	$	1,993	$	2,061	$	2,091	$	2,076	$	2,056	(3)	%	(3)	%
Investment management and performance fees:
Investment management fees (a)	849		864		892		875		850		(2)		—
Performance fees	34		32		21		14		40		N/M		(15)
Total investment management and performance fees(b)	883		896		913		889		890		(1)		(1)
Foreign exchange revenue	207		199		185		184		231		4		(10)
Financing-related fees	45		47		48		48		51		(4)		(12)
Distribution and servicing fees	30		28		28		27		29		7		3
Total fee revenue	3,158		3,231		3,265		3,224		3,257		(2)		(3)
Investment and other revenue:
(Loss) income from consolidated investment management funds	(20)		9		(7)		13		17		N/M		N/M
Seed capital (losses) gains (c)	(8)		12		7		18		3		N/M		N/M
Other trading revenue (loss)	5		(6)		20		(1)		(7)		N/M		N/M
Renewable energy investment (losses)	(44)		(37)		(42)		(41)		(81)		N/M		N/M
Corporate/bank-owned life insurance	33		45		33		29		33		N/M		N/M
Other investments gains (d)	61		55		70		23		11		N/M		N/M
Disposal gains	—		—		7		6		—		N/M		N/M
Expense reimbursements from joint venture	27		23		25		25		23		N/M		N/M
Other income	12		5		14		17		10		N/M		N/M
Net securities gains	4		1		2		2		—		N/M		N/M
Total investment and other revenue	70		107		129		91		9		N/M		N/M
Total fee and other revenue	$	3,228	$	3,338	$	3,394	$	3,315	$	3,266	(3)	%	(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 increased 1% compared with 1Q21. 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
AVERAGE BALANCES AND INTEREST RATES
	1Q22				4Q21				3Q21				2Q21				1Q21
	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	$	100,303	0.01	%	$	105,065	(0.06)	%	$	108,110	(0.07)	%	$	114,564	(0.09)	%	$	125,930	(0.05)	%
Interest-bearing deposits with banks (primarily foreign banks)	17,181		0.33		18,818		0.23		20,465		0.22		22,465		0.20		21,313		0.27
Federal funds sold and securities purchased under resale agreements (a)	27,006		0.56		27,780		0.45		29,304		0.44		27,857		0.36		29,186		0.44
Loans	66,810		1.57		64,650		1.55		61,206		1.55		60,520		1.57		56,789		1.63
Securities:
U.S. government obligations	40,868		0.74		39,169		0.73		36,255		0.73		33,212		0.71		28,759		0.90
U.S. government agency obligations	67,055		1.46		69,691		1.35		70,199		1.34		72,809		1.34		77,623		1.40
State and political subdivisions (b)	2,337		2.16		2,569		2.11		2,628		2.07		2,768		1.94		2,526		1.92
Other securities (b)	45,541		1.02		47,493		0.97		47,334		0.94		47,451		0.95		47,030		0.99
Total investment securities (b)	155,801		1.15		158,922		1.10		156,416		1.09		156,240		1.10		155,938		1.19
Trading securities (b)	6,085		1.43		6,447		0.93		5,564		0.53		6,639		0.72		8,141		0.95
Total securities (b)	161,886		1.16		165,369		1.09		161,980		1.07		162,879		1.08		164,079		1.18
Total interest-earning assets (b)	$	373,186	0.84	%	$	381,682	0.76	%	$	381,065	0.73	%	$	388,285	0.71	%	$	397,297	0.75	%
Noninterest-earning assets	67,016				67,956				65,696				64,044				63,082
Total assets	$	440,202			$	449,638			$	446,761			$	452,329			$	460,379
Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits	$	223,243	(0.07)	%	$	231,086	(0.08)	%	$	233,363	(0.08)	%	$	239,466	(0.08)	%	$	245,115	(0.06)	%
Federal funds purchased and securities sold under repurchase agreements (a)	12,864		0.36		12,421		0.07		13,415		0.08		13,773		(0.17)		15,288		(0.07)
Trading liabilities	3,372		0.53		3,019		0.28		2,821		0.11		2,282		0.38		2,227		0.53
Other borrowed funds	458		2.36		517		1.80		383		2.53		298		2.21		331		2.01
Commercial paper	4		0.09		—		—		11		0.07		—		—		—		—
Payables to customers and broker-dealers	16,661		0.01		16,414		(0.01)		16,648		(0.01)		16,811		(0.01)		17,691		(0.01)
Long-term debt	25,588		1.53		25,932		1.36		25,751		1.39		25,275		1.43		26,199		1.81
Total interest-bearing liabilities	$	282,190	0.11	%	$	289,389	0.07	%	$	292,392	0.07	%	$	297,905	0.05	%	$	306,851	0.11	%
Total noninterest-bearing deposits	90,179				91,535				85,581				85,802				83,429
Other noninterest-bearing liabilities	25,419				25,481				24,164				23,317				24,556
Total The Bank of New York Mellon Corporation shareholders’ equity	42,201				42,968				44,296				44,934				45,261
Noncontrolling interests	213				265				328				371				282
Total liabilities and equity	$	440,202			$	449,638			$	446,761			$	452,329			$	460,379
Net interest margin			0.75	%			0.71	%			0.67	%			0.67	%			0.66	%
Net interest margin (FTE) – Non-GAAP (c)			0.76	%			0.71	%			0.68	%			0.67	%			0.67	%
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $53 billion for 1Q22, $54 billion for 4Q21, $47 billion for 3Q21, $41 billion for 2Q21 and $37 billion for 1Q21. 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 0.19% for 1Q22, 0.15% for 4Q21, 0.17% for 3Q21, 0.15% for 2Q21 and 0.19% for 1Q21. 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 0.07% for 1Q22, 0.01% for 4Q21, 0.02% for 3Q21, (0.04)% for 2Q21 and (0.02)% for 1Q21. 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.

7

THE BANK OF NEW YORK MELLON CORPORATION
CAPITAL AND LIQUIDITY
	2022			2021
(dollars in millions)	March 31			Dec. 31			Sept. 30			June 30			March 31
Consolidated regulatory capital ratios (a)
Standardized Approach:
CET1 capital	$	17,583		$	18,746		$	19,844		$	21,456		$	21,090
Tier 1 capital	22,339			23,485			24,292			25,896			25,534
Total capital	23,839			24,972			25,816			27,464			27,190
Risk-weighted assets	173,353			167,608			169,216			169,885			167,510
CET1 ratio	10.1		%	11.2		%	11.7		%	12.6		%	12.6		%
Tier 1 capital ratio	12.9			14.0			14.4			15.2			15.2
Total capital ratio	13.8			14.9			15.3			16.2			16.2
Advanced Approaches:
CET1 capital	$	17,583		$	18,746		$	19,844		$	21,456		$	21,090
Tier 1 capital	22,339			23,485			24,292			25,896			25,534
Total capital	23,586			24,722			25,534			27,183			26,908
Risk-weighted assets	168,993			165,067			167,607			169,380			167,035
CET1 ratio	10.4		%	11.4		%	11.8		%	12.7		%	12.6		%
Tier 1 capital ratio	13.2			14.2			14.5			15.3			15.3
Total capital ratio	14.0			15.0			15.2			16.0			16.1
Tier 1 leverage ratio:
Average assets for Tier 1 leverage ratio	$	420,782		$	430,102		$	427,461		$	432,954		$	440,968
Tier 1 leverage ratio	5.3		%	5.5		%	5.7		%	6.0		%	5.8		%
SLR:
Leverage exposure	$	360,859		$	354,033		$	347,856		$	346,455		$	314,334		(b)
SLR	6.2		%	6.6		%	7.0		%	7.5		%	8.1		%	(b)
Average liquidity coverage ratio	109		%	109		%	111		%	110		%	110		%
(a) Regulatory capital ratios for March 31, 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 March 31, 2022 and Dec. 31, 2021 was the Standardized Approach, and for Sept. 30, 2021, June 30, 2021 and March 31, 2021 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio.
(b) Reflects the temporary exclusion of U.S. Treasury securities from the leverage exposure used in the SLR calculation which increased our consolidated SLR by 68 basis points at March 31, 2021. The temporary exclusion ceased to apply beginning April 1, 2021.

8

THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT
																1Q22 vs.
(dollars in millions)	1Q22			4Q21			3Q21			2Q21			1Q21			4Q21		1Q21
Income statement:
Revenue:
Investment services fees:
Asset Servicing	$	999		$	984		$	979		$	960		$	953		2	%	5	%
Issuer Services	141			253			281			281			246			(44)		(43)
Total investment services fees	1,140			1,237			1,260			1,241			1,199			(8)		(5)
Foreign exchange revenue	148			148			125			129			172			—		(14)
Other fees (a)	41			28			30			25			30			46		37
Total fee revenue	1,329			1,413			1,415			1,395			1,401			(6)		(5)
Investment and other revenue	74			53			73			38			30			N/M		N/M
Total fee and other revenue	1,403			1,466			1,488			1,433			1,431			(4)		(2)
Net interest revenue	377			367			349			354			356			3		6
Total revenue	1,780			1,833			1,837			1,787			1,787			(3)		—
Provision for credit losses	(10)			(7)			(19)			(58)			(50)			N/M		N/M
Noninterest expense (ex. amortization of intangible assets)	1,502			1,481			1,535			1,393			1,411			1		6
Amortization of intangible assets	8			9			8			7			8			(11)		—
Total noninterest expense	1,510			1,490			1,543			1,400			1,419			1		6
Income before income taxes	$	280		$	350		$	313		$	445		$	418		(20)	%	(33)	%
Total revenue by line of business:
Asset Servicing	$	1,512		$	1,456		$	1,437		$	1,382		$	1,424		4	%	6	%
Issuer Services	268			377			400			405			363			(29)		(26)
Total revenue by line of business	$	1,780		$	1,833		$	1,837		$	1,787		$	1,787		(3)	%	—	%
Financial ratios:
Pre-tax operating margin	16		%	19		%	17		%	25		%	23		%
Memo: Securities lending revenue (b)	$	39		$	45		$	45		$	42		$	41		(13)	%	(5)	%
(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
SECURITIES SERVICES BUSINESS SEGMENT
											1Q22 vs.
(dollars in millions, unless otherwise noted)	1Q22		4Q21		3Q21		2Q21		1Q21		4Q21		1Q21
Selected balance sheet data:
Average loans	$	10,150	$	9,764	$	8,389	$	8,485	$	8,374	4	%	21	%
Average assets (a)	$	220,889	$	229,511	$	226,930	$	231,152	$	228,071	(4)	%	(3)	%
Average deposits	$	192,156	$	200,272	$	198,680	$	203,147	$	199,845	(4)	%	(4)	%
Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	33.7	$	34.6	$	33.8	$	33.7	$	31.5	(3)	%	7	%
Market value of securities on loan at period end (in billions) (d)	$	449	$	447	$	443	$	456	$	445	—	%	1	%
(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) March 31, 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 business. Includes the AUC/A of CIBC Mellon of $1.7 trillion at March 31, 2022, Dec. 31, 2021, Sept. 30, 2021 and June 30, 2021 and $1.6 trillion at March 31, 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 $78 billion at March 31, 2022, $71 billion at Dec. 31, 2021, $68 billion at Sept. 30, 2021, $63 billion at June 30, 2021 and $64 billion at March 31, 2021.

10

THE BANK OF NEW YORK MELLON CORPORATION
MARKET AND WEALTH SERVICES BUSINESS SEGMENT
																1Q22 vs.
(dollars in millions)	1Q22			4Q21			3Q21			2Q21			1Q21			4Q21		1Q21
Income statement:
Revenue:
Investment services fees:
Pershing	$	433		$	412		$	427		$	439		$	459		5	%	(6)	%
Treasury Services	170			170			168			160			164			—		4
Clearance and Collateral Management	243			236			228			228			226			3		8
Total investment services fees	846			818			823			827			849			3		—
Foreign exchange revenue	26			21			23			23			21			24		24
Other fees (a)	34			31			31			32			37			10		(8)
Total fee revenue	906			870			877			882			907			4		—
Investment and other revenue	—			6			13			21			7			N/M		N/M
Total fee and other revenue	906			876			890			903			914			3		(1)
Net interest revenue	296			297			283			289			289			—		2
Total revenue	1,202			1,173			1,173			1,192			1,203			2		—
Provision for credit losses	(2)			(3)			(16)			(19)			(29)			N/M		N/M
Noninterest expense (ex. amortization of intangible assets)	706			670			665			647			673			5		5
Amortization of intangible assets	2			4			3			5			9			(50)		(78)
Total noninterest expense	708			674			668			652			682			5		4
Income before income taxes	$	496		$	502		$	521		$	559		$	550		(1)	%	(10)	%
Total revenue by line of business:
Pershing	$	570		$	553		$	566		$	590		$	605		3	%	(6)	%
Treasury Services	338			331			326			319			317			2		7
Clearance and Collateral Management	294			289			281			283			281			2		5
Total revenue by line of business	$	1,202		$	1,173		$	1,173		$	1,192		$	1,203		2	%	—	%
Financial ratios:
Pre-tax operating margin	41		%	43		%	44		%	47		%	46		%
(a) Other fees primarily include financing-related fees.
N/M – Not meaningful.

11

THE BANK OF NEW YORK MELLON CORPORATION
MARKET AND WEALTH SERVICES BUSINESS SEGMENT
											1Q22 vs.
(dollars in millions, unless otherwise noted)	1Q22		4Q21		3Q21		2Q21		1Q21		4Q21		1Q21
Selected balance sheet data:
Average loans	$	42,113	$	40,812	$	39,041	$	38,360	$	35,094	3	%	20	%
Average assets (a)	$	141,183	$	143,816	$	143,630	$	144,297	$	148,820	(2)	%	(5)	%
Average deposits	$	95,704	$	100,653	$	101,253	$	102,896	$	107,079	(5)	%	(11)	%
Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	11.6	$	11.8	$	11.2	$	11.1	$	9.9	(2)	%	17	%
Pershing
AUC/A at period end (in trillions) (b)	$	2.5	$	2.6	$	2.6	$	2.8	$	2.6	(4)	%	(4)	%
Net new assets (U.S. platform) (in billions)(d)	$	18	$	69	$	13	$	47	$	32	N/M		N/M
Average active clearing accounts (in thousands)	7,432		7,334		7,259		7,290		7,143		1	%	4	%
Treasury Services
Average daily U.S. dollar payment volumes	240,403		245,634		232,144		230,346		235,975		(2)	%	2	%
Clearance and Collateral Management
Average tri-party collateral management balances (in billions)	$	5,026	$	4,972	$	4,516	$	3,898	$	3,638	1	%	38	%
(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) March 31, 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
INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT
																1Q22 vs.
(dollars in millions)	1Q22			4Q21			3Q21			2Q21			1Q21			4Q21		1Q21
Income statement:
Revenue:
Investment management fees	$	848		$	864		$	893		$	876		$	850		(2)	%	—	%
Performance fees	34			32			21			14			40			N/M		(15)
Investment management and performance fees (a)	882			896			914			890			890			(2)		(1)
Distribution and servicing fees	32			28			28			28			28			14		14
Other fees (b)	1			22			20			16			22			N/M		N/M
Total fee revenue	915			946			962			934			940			(3)		(3)
Investment and other revenue (c)	(8)			23			23			18			3			N/M		N/M
Total fee and other revenue (c)	907			969			985			952			943			(6)		(4)
Net interest revenue	57			51			47			47			48			12		19
Total revenue	964			1,020			1,032			999			991			(5)		(3)
Provision for credit losses	(3)			(6)			(7)			(4)			4			N/M		N/M
Noninterest expense (ex. amortization of intangible assets)	748			741			684			669			702			1		7
Amortization of intangible assets	7			7			7			8			7			—		—
Total noninterest expense	755			748			691			677			709			1		6
Income before income taxes	$	212		$	278		$	348		$	326		$	278		(24)	%	(24)	%
Total revenue by line of business:
Investment Management	$	658		$	709		$	727		$	700		$	698		(7)	%	(6)	%
Wealth Management	306			311			305			299			293			(2)		4
Total revenue by line of business	$	964		$	1,020		$	1,032		$	999		$	991		(5)	%	(3)	%
Financial ratios:
Pre-tax operating margin	22		%	27		%	34		%	33		%	28		%
Adjusted pre-tax operating margin – Non-GAAP (d)	24		%	29		%	36		%	35		%	30		%
Selected balance sheet data:
Average loans	$	13,228		$	12,737		$	12,248		$	11,871		$	11,610		4	%	14	%
Average assets (e)	$	35,629		$	31,306		$	30,195		$	30,370		$	32,066		14	%	11	%
Average deposits	$	22,501		$	18,374		$	17,270		$	17,466		$	19,177		22	%	17	%
(a) On a constant currency basis (Non-GAAP), investment management and performance fees increased 1% compared with 1Q21. 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
AUM BY PRODUCT TYPE, CHANGES IN AUM AND WEALTH MANAGEMENT CLIENT ASSETS
											1Q22 vs.
(dollars in billions)	1Q22		4Q21		3Q21		2Q21		1Q21		4Q21		1Q21
AUM by product type (a)(b):
Equity	$	168	$	187	$	180	$	187	$	173	(10)	%	(3)	%
Fixed income	248		267		269		272		261		(7)		(5)
Index	440		467		436		440		419		(6)		5
Liability-driven investments	812		890		843		841		802		(9)		1
Multi-asset and alternative investments	215		228		218		222		214		(6)		—
Cash	383		395		364		358		345		(3)		11
Total AUM	$	2,266	$	2,434	$	2,310	$	2,320	$	2,214	(7)	%	2	%
Changes in AUM (a)(b):
Beginning balance of AUM	$	2,434	$	2,310	$	2,320	$	2,214	$	2,211
Net inflows (outflows):
Long-term strategies:
Equity	(4)		(4)		(5)		(3)		—
Fixed income	(5)		—		1		8		8
Liability-driven investments	17		1		16		11		8
Multi-asset and alternative investments	(4)		1		(2)		1		(2)
Total long-term active strategies inflows (outflows)	4		(2)		10		17		14
Index	(5)		(2)		(3)		(5)		3
Total long-term strategies (outflows) inflows	(1)		(4)		7		12		17
Short-term strategies:
Cash	(11)		31		7		13		19
Total net (outflows) inflows	(12)		27		14		25		36
Net market impact	(130)		96		4		79		(36)
Net currency impact	(26)		1		(28)		2		3
Ending balance of AUM	$	2,266	$	2,434	$	2,310	$	2,320	$	2,214	(7)	%	2	%
Wealth Management client assets (a)(c)	$	305	$	321	$	307	$	305	$	292	(5)	%	4	%
(a) March 31, 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
OTHER SEGMENT
(in millions)	1Q22		4Q21		3Q21		2Q21		1Q21
Income statement:
Fee revenue	$	8	$	2	$	12	$	13	$	9
Investment and other revenue	12		19		23		9		(36)
Total fee and other revenue	20		21		35		22		(27)
Net interest (expense)	(32)		(38)		(38)		(45)		(38)
Total revenue	(12)		(17)		(3)		(23)		(65)
Provision for credit losses	17		(1)		(3)		(5)		(8)
Noninterest expense	33		55		16		49		41
(Loss) before taxes	$	(62)	$	(71)	$	(16)	$	(67)	$	(98)
Selected balance sheet data:
Average loans and leases	$	1,319	$	1,337	$	1,528	$	1,804	$	1,711
Average assets	$	42,501	$	45,005	$	46,006	$	46,510	$	51,422

15

THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES PORTFOLIO
(dollars in millions)	Dec. 31, 2021			1Q22 change in unrealized gain (loss)		March 31, 2022					Fair value as a % of amortized cost (a)		Unrealized gain (loss)			% Floating rate (b)		Ratings (c)
						Amortized cost		Fair value										AAA/ AA-		A+/ A-		BBB+/ BBB-		BB+ and lower		Not rated
	Fair value
Agency RMBS	$	50,735		$	(2,198)	$	47,743	$	45,780		96	%	$	(1,963)		12	%	100	%	—	%	—	%	—	%	—	%
U.S. Treasury	40,582			(888)		40,818		39,929			98		(889)			53		100		—		—		—		—
Sovereign debt/sovereign guaranteed	14,312			(219)		13,327		13,131			99		(196)			13		82		3		14		1		—
Agency commercial MBS	12,291			(466)		12,768		12,423			97		(345)			34		100		—		—		—		—
Supranational	7,646			(116)		7,925		7,802			98		(123)			57		100		—		—		—		—
U.S. government agencies	5,420			(232)		6,571		6,297			96		(274)			35		100		—		—		—		—
Foreign covered bonds	6,238			(115)		6,365		6,252			98		(113)			42		100		—		—		—		—
CLOs	5,421			(37)		5,855		5,815			99		(40)			100		99		—		—		1		—
Non-agency commercial MBS	3,114			(155)		3,228		3,104			96		(124)			36		100		—		—		—		—
Foreign government agencies	2,686			(53)		2,832		2,771			98		(61)			20		92		8		—		—		—
Non-agency RMBS	2,793			(128)		2,557		2,538			99		(19)			47		84		3		—		8		5
State and political subdivisions	2,529			(128)		2,317		2,161			93		(156)			5		90		9		—		—		1
Other asset-backed securities	2,190			(58)		1,953		1,880			96		(73)			14		100		—		—		—		—
Corporate bonds	2,066			(39)		1,555		1,483			95		(72)			36		16		69		15		—		—
Other	1			—		1		1			100		—			—		—		—		—		—		100
Total securities	$	158,024	(d)	$	(4,832)	$	155,815	$	151,367	(d)(e)	97	%	$	(4,448)	(d)(f)	34	%	97	%	1	%	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 losses on derivatives hedging securities available-for-sale (including terminated hedges) of $590 million at Dec. 31, 2021 and net unrealized gains of $914 million at March 31, 2022.
(e) The fair value of available-for-sale securities totaled $93,708 million at March 31, 2022, net of hedges, or 62% of the fair value of the securities portfolio, net of hedges. The fair value of the held-to-maturity securities totaled $57,659 million at March 31, 2022, or 38% of the fair value of the securities portfolio, net of hedges.
(f) At March 31, 2022, unrealized losses of $1,505 million related to available-for-sale securities, net of hedges, and $2,943 million related to held-to-maturity securities.
Note: The amortizable purchase premium (net of discount) relating to securities was $1,699 million at March 31, 2022 and the amortization of that net purchase premium was $121 million in 1Q22.

16

THE BANK OF NEW YORK MELLON CORPORATION
ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS
	2022			2021
(dollars in millions)	March 31			Dec. 31			Sept. 30			June 30			March 31
Allowance for credit losses – beginning of period:
Allowance for loan losses	$	196		$	233		$	269		$	327		$	358
Allowance for lending-related commitments	45			40			50			73			121
Allowance for other financial instruments (a)	19			18			16			19			22
Allowance for credit losses – beginning of period	$	260		$	291		$	335		$	419		$	501
Net (charge-offs) recoveries:
Charge-offs	—			(16)			—			(1)			(1)
Recoveries	1			2			1			3			2
Total net (charge-offs) recoveries	1			(14)			1			2			1
Provision for credit losses(b)	2			(17)			(45)			(86)			(83)
Allowance for credit losses – end of period	$	263		$	260		$	291		$	335		$	419
Allowance for credit losses – end of period:
Allowance for loan losses	$	171		$	196		$	233		$	269		$	327
Allowance for lending-related commitments	53			45			40			50			73
Allowance for other financial instruments (a)	39			19			18			16			19
Allowance for credit losses – end of period	$	263		$	260		$	291		$	335		$	419
Allowance for loan losses as a percentage of total loans	0.25		%	0.29		%	0.36		%	0.42		%	0.54		%
Nonperforming assets	$	119		$	120		$	108		$	90		$	112
(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
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:
Certain immaterial reclassifications/revisions have been made to prior periods to place them on a basis comparable with the current period's presentation.
Return on common and tangible common equity ratios are annualized.
Return on common equity and tangible common equity reconciliation
(dollars in millions)	1Q22			4Q21			3Q21			2Q21			1Q21
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	699		$	822		$	881		$	991		$	858
Add: Amortization of intangible assets	17			19			19			20			24
Less: Tax impact of amortization of intangible assets	4			5			4			5			6
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	712		$	836		$	896		$	1,006		$	876
Average common shareholders’ equity	$	37,363		$	37,941		$	39,755		$	40,393		$	40,720
Less: Average goodwill	17,490			17,481			17,474			17,517			17,494
Average intangible assets	2,979			2,988			2,953			2,975			3,000
Add: Deferred tax liability – tax deductible goodwill	1,184			1,178			1,173			1,163			1,153
Deferred tax liability – intangible assets	673			676			673			675			665
Average tangible common shareholders’ equity – Non-GAAP	$	18,751		$	19,326		$	21,174		$	21,739		$	22,044
Return on common equity – GAAP	7.6		%	8.6		%	8.8		%	9.8		%	8.5		%
Return on tangible common equity – Non-GAAP	15.4		%	17.2		%	16.8		%	18.6		%	16.1		%

18

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	2022			2021
(dollars in millions, except common shares and unless otherwise noted)	March 31			Dec. 31			Sept. 30			June 30			March 31
BNY Mellon shareholders’ equity at period end – GAAP	$	41,799		$	43,034		$	43,601		$	45,281		$	44,954
Less: Preferred stock	4,838			4,838			4,541			4,541			4,541
BNY Mellon common shareholders’ equity at period end – GAAP	36,961			38,196			39,060			40,740			40,413
Less: Goodwill	17,462			17,512			17,420			17,487			17,469
Intangible assets	2,968			2,991			2,941			2,964			2,983
Add: Deferred tax liability – tax deductible goodwill	1,184			1,178			1,173			1,163			1,153
Deferred tax liability – intangible assets	673			676			673			675			665
BNY Mellon tangible common shareholders’ equity at period end – Non-GAAP	$	18,388		$	19,547		$	20,545		$	22,127		$	21,779
Period-end common shares outstanding (in thousands)	807,798			804,145			825,821			863,174			875,481
Book value per common share – GAAP	$	45.76		$	47.50		$	47.30		$	47.20		$	46.16
Tangible book value per common share – Non-GAAP	$	22.76		$	24.31		$	24.88		$	25.64		$	24.88
Net interest margin reconciliation
(dollars in millions)	1Q22			4Q21			3Q21			2Q21			1Q21
Net interest revenue – GAAP	$	698		$	677		$	641		$	645		$	655
Add: Tax equivalent adjustment	3			4			3			3			3
Net interest revenue (FTE) – Non-GAAP	$	701		$	681		$	644		$	648		$	658
Average interest-earning assets	$	373,186		$	381,682		$	381,065		$	388,285		$	397,297
Net interest margin – GAAP (a)	0.75		%	0.71		%	0.67		%	0.67		%	0.66		%
Net interest margin (FTE) – Non-GAAP (a)	0.76		%	0.71		%	0.68		%	0.67		%	0.67		%
(a) Net interest margin is annualized.

19

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)	1Q22			4Q21			3Q21			2Q21			1Q21
Income before income taxes – GAAP	$	212		$	278		$	348		$	326		$	278
Total revenue – GAAP	$	964		$	1,020		$	1,032		$	999		$	991
Less: Distribution and servicing expense	79			75			76			74			75
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP	$	885		$	945		$	956		$	925		$	916
Pre-tax operating margin – GAAP (a)	22		%	27		%	34		%	33		%	28		%
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a)	24		%	29		%	36		%	35		%	30		%
(a) Income before income taxes divided by total revenue.
Constant currency reconciliations							1Q22 vs.
(dollars in millions)	1Q22			1Q21			1Q21
Consolidated:
Investment management and performance fees – GAAP	$	883		$	890		(1)		%
Impact of changes in foreign currency exchange rates	—			(15)
Adjusted investment management and performance fees – Non-GAAP	$	883		$	875		1		%
Investment and Wealth Management business segment:
Investment management and performance fees – GAAP	$	882		$	890		(1)		%
Impact of changes in foreign currency exchange rates	—			(15)
Adjusted investment management and performance fees – Non-GAAP	$	882		$	875		1		%

20

EX-99.3

1Q22 Financial Highlights A P R I L 1 8 , 2 0 2 2

2 1Q22 Financial Highlights (a) Excluding the notable item related to Russia, EPS would have been $0.08 higher. (b) Represents a non-GAAP measure. See page 15 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE. (c) Represents a non-GAAP measure. See page 16 in the Appendix for the corresponding reconciliations of the non-GAAP measures of consolidated revenue growth excluding the $88mm reduction related to Russia and consolidated fee revenue growth excluding the reduction related to Russia. Revenue $3,926mm EPS $0.86 Pre-tax income $918mm Pre-tax margin 23% Returns Capital ratios ROE: 7.6% ROTCE: 15.4%(b) T1L: 5.3% CET1: 10.1% • Revenue flat YoY, up 2%(c) excluding $88mm reduction related to Russia – Fee revenue down 3% YoY, flat(c) excluding the reduction related to Russia – Net interest revenue up 7% YoY • Expense up approximately 5.5% YoY • Provision for credit losses of $2mm • Average loans up 18% YoY and up 3% QoQ • Average deposits down 5% YoY and down 3% QoQ • Returned $0.4bn to common shareholders in dividends and share repurchases (a)

3 1Q22 Financial Results Notable items impacting the quarter (a) Note: See page 12 in the Appendix for corresponding footnotes. N/M – not meaningful. (b) Represents a non-GAAP measure. See page 15 in the Appendix for the corresponding reconciliation of the non-GAAP measure of ROTCE. Revenue reduction related to Russia Impact of severance expense and litigation reserves Impact of disposal losses, litigation reserves and severance expense Increase / (decrease) Revenue Expense EPS 1Q22 (88) (1) $(0.08) 4Q21 — 37 $(0.04) 1Q21 (2) 14 $(0.01) 1Q22 vs. $mm, except per share data or unless otherwise noted 1Q22 4Q21 1Q21 4Q21 1Q21 Fee revenue $3,158 $3,231 $3,257 (2)% (3)% Investment and other revenue 70 107 9 N/M N/M Net interest revenue 698 677 655 3% 7% Total revenue $3,926 $4,015 $3,921 (2)% — Provision for credit losses 2 (17) (83) N/M N/M Noninterest expense 3,006 2,967 2,851 1% 5% Income before income taxes $918 $1,065 $1,153 (14)% (20)% Net income applicable to common shareholders $699 $822 $858 (15)% (19)% EPS $0.86 $1.01 $0.97 (15)% (11)% Avg. common shares and equivalents outstanding (mm) – diluted 814 817 886 — (8)% Operating leverage (a) (353) bps (531) bps Pre-tax margin 23% 27% 29% (316) bps (603) bps ROE 7.6% 8.6% 8.5% (101) bps (96) bps ROTCE (b) 15.4% 17.2% 16.1% (178) bps (72) bps

4 Capital and Liquidity Note: See page 12 in the Appendix for corresponding footnotes. 1Q22 4Q21 1Q21 Consolidated regulatory capital ratios: (a) Tier 1 leverage ratio 5.3% 5.5% 5.8% Supplementary leverage ratio ("SLR") 6.2 6.6 8.1 Common Equity Tier 1 ratio – Advanced Approaches 10.4 11.4 12.6 Common Equity Tier 1 ratio – Standardized Approach 10.1 11.2 12.6 Consolidated regulatory liquidity ratios: Liquidity coverage ratio ("LCR") 109% 109% 110% Cash dividends per common share $0.34 $0.34 $0.31 Common stock dividends ($mm) $278 $280 $277 Common stock repurchases ($mm) 118 1,249 699 Book value per common share $45.76 $47.50 $46.16 Tangible book value per common share (c) 22.76 24.31 24.88 Common shares outstanding (mm) 808 804 875 (b)

5 1Q22 vs. $bn, avg. 1Q22 4Q21 1Q21 Deposits: Noninterest-bearing $90 (1)% 8% Interest-bearing 223 (3)% (9)% Total deposits $313 (3)% (5)% Interest-earning assets: Cash and reverse repo 144 (5)% (18)% Loans 67 3% 18% Investment securities: HQLA 127 (2)% 1% Non-HQLA 29 (4)% (5)% Total investment securities $156 (2)% — Total interest-earning assets $373 (2)% (6)%1Q21 4Q21 1Q22 Net Interest Revenue and Balance Sheet Trends N e t I n t e r e s t R e v e n u e ( $ m m ) 655 677 698 +3% +7% • Avg. deposits of $313bn down 3% QoQ • Avg. interest-earning assets of $373bn down 2% QoQ • Net interest revenue of $698mm up 3% QoQ, primarily reflects higher interest rates on interest-earning assets, partially offset by higher funding expense and lower interest-earning assets

6 1Q22 vs. $mm, unless otherwise noted 1Q22 4Q21 1Q21 Staff $1,702 4% 6% Software and equipment 399 5% 10% Professional, legal and other purchased services 370 (5)% 8% Net occupancy 122 (8)% (1)% Sub-custodian and clearing 118 (2)% (5)% Distribution and servicing 79 5% 7% Bank assessment charges 35 17% 3% Business development 30 (32)% 58% Amortization of intangible assets 17 (11)% (29)% Other 134 (7)% (8)% Total noninterest expense $3,006 1% 5% Noninterest Expense • Noninterest expense up approximately 5.5% YoY, primarily reflecting higher investments in growth, infrastructure and efficiency initiatives and higher revenue-related expenses, partially offset by the favorable impact of a stronger U.S. dollar • Noninterest expense up 1% QoQ, primarily driven by long-term incentive expenses for retirement-eligible employees, and severance and litigation in the prior quarter

7 1Q22 vs. $mm, unless otherwise noted 1Q22 4Q21 1Q21 Total revenue by line of business: Asset Servicing $1,512 4% 6% Issuer Services 268 (29)% (26)% Total revenue $1,780 (3)% — Provision for credit losses (10) N/M N/M Noninterest expense 1,510 1% 6% Income before income taxes $280 (20)% (33)% Fee revenue 1,329 (6)% (5)% Net interest revenue 377 3% 6% Foreign exchange revenue 148 — (14)% Securities lending revenue(b) 39 (13)% (5)% Financial ratios, balance sheet data and metrics: Pre-tax margin 16% (325) bps (763) bps AUC/A ($trn, period end)(c)(d) $33.7 (3)% 7% Deposits ($bn, avg.) $192 (4)% (4)% Market value of securities on loan ($bn, period end)(e) $449 — 1% • Total revenue of $1,780mm flat YoY, up 4% YoY(a) excluding the reduction related to Russia – Asset Servicing up 6% YoY, reflecting a gain on a strategic equity investment and higher market values and net interest revenue, partially offset by lower foreign exchange revenue – Issuer Services down 26% YoY, down 4% YoY(a) excluding the reduction related to Russia reflecting lower depositary receipt fees and the impact of lost business in the prior year in Corporate Trust, partially offset by higher net interest revenue • Noninterest expense of $1,510mm up 6% YoY, primarily reflecting higher investments in growth, infrastructure and efficiency initiatives and higher revenue-related expenses, partially offset by the favorable impact of a stronger U.S. dollar • Income before income taxes of $280mm down 33% YoY, down 13% YoY(a) excluding the reduction related to Russia Securities Services (a) Represents a non-GAAP measure. See page 16 in the Appendix for corresponding reconciliations of the non-GAAP measures of Securities Services revenue excluding the reduction related to Russia, Issuer Services revenue excluding the reduction related to Russia and income before income taxes excluding the reduction related to Russia, respectively. Note: See page 12 in the Appendix for the corresponding footnotes. N/M – not meaningful.

8 1Q22 vs. $mm, unless otherwise noted 1Q22 4Q21 1Q21 Total revenue by line of business: Pershing $570 3% (6)% Treasury Services 338 2% 7% Clearance and Collateral Management 294 2% 5% Total revenue $1,202 2% — Provision for credit losses (2) N/M N/M Noninterest expense 708 5% 4% Income before income taxes $496 (1)% (10)% Fee revenue 906 4% — Net interest revenue 296 — 2% Financial ratios, balance sheet data and metrics: Pre-tax margin 41% (165) bps (449) bps AUC/A ($trn, end of period)(a)(b) $11.6 (2)% 17% Deposits ($bn, avg.) $96 (5)% (11)% Pershing: Net new assets (U.S. platform) ($bn)(c) $18 N/M N/M Avg. active clearing accounts ('000) 7,432 1% 4% Treasury Services: Avg. daily U.S. dollar payment volumes ('000) 240 (2)% 2% Clearance and Collateral Management: Avg. tri-party collateral management balances ($bn) $5,026 1% 38% Market and Wealth Services • Total revenue of $1,202mm flat YoY – Pershing down 6% YoY, primarily reflecting the impact of prior year lost business and elevated 1Q21 transaction activity, partially offset by higher market values and growth from existing clients – Treasury Services up 7% YoY, primarily reflecting higher net interest revenue and client activity from both new and existing clients – Clearance and Collateral Management up 5% YoY, primarily reflecting higher balances and clearance volumes • Noninterest expense of $708mm up 4% YoY, primarily reflecting higher investments in growth, infrastructure and efficiency initiatives • Income before income taxes of $496mm down 10% YoY Note: See page 12 in the Appendix for the corresponding footnotes. N/M – not meaningful.

9 1Q22 vs. $mm, unless otherwise noted 1Q22 4Q21 1Q21 Total revenue by line of business: Investment Management $658 (7)% (6)% Wealth Management 306 (2)% 4% Total revenue $964 (5)% (3)% Provision for credit losses (3) N/M N/M Noninterest expense 755 1% 6% Income before income taxes $212 (24)% (24)% Fee revenue 915 (3)% (3)% Net interest revenue 57 12% 19% Financial ratios, balance sheet data and metrics: Pre-tax margin 22% (524) bps (601) bps Adjusted pre-tax operating margin - Non-GAAP (a) 24% (544) bps (632) bps AUM ($bn, end of period)(b) $2,266 (7)% 2% Loans ($bn, avg.) $13 4% 14% Deposits ($bn, avg.) 23 22% 17% Wealth Management: Client assets ($bn, end of period)(c) $305 (5)% 4% • Total revenue of $964mm down 3% YoY – Investment Management revenue of $658mm down 6% YoY, primarily reflects lower seed capital results, the unfavorable impact of a stronger U.S. dollar, and lower equity income, partially offset by higher market values – Wealth Management revenue of $306mm up 4% YoY reflecting higher net interest revenue and market values • Noninterest expense of $755mm up 6% YoY, primarily reflecting higher investments in growth initiatives and revenue-related expenses, partially offset by the favorable impact of a stronger U.S. dollar • Income before income taxes of $212mm down 24% YoY • AUM of $2.3trn up 2% YoY driven by net inflows and higher market values • Wealth Management client assets of $305bn up 4% YoY driven by higher markets and cumulative net inflows Investment and Wealth Management (a) Adjusted pre-tax operating margin is net of distribution and servicing expense. Represents a non-GAAP measure. See page 16 in the Appendix for corresponding reconciliation of the non-GAAP measure of adjusted pre-tax operating margin. Note: See page 12 in the Appendix for the corresponding footnotes (b) and (c). N/M – not meaningful.

10 $mm, unless otherwise noted 1Q22 4Q21 1Q21 Fee revenue $8 $2 $9 Investment and other revenue 12 19 (36) Net interest (expense) (32) (38) (38) Total revenue $(12) $(17) $(65) Provision for credit losses 17 (1) (8) Noninterest expense 33 55 41 (Loss) before income taxes $(62) $(71) $(98) • Total revenue includes corporate treasury and other investment activity, including hedging activity which has an offsetting impact between fee and other revenue and net interest expense – YoY increase primarily reflects a $39mm impairment for a renewable energy investment recorded in 1Q21 – QoQ increase primarily reflects higher net interest revenue related to corporate treasury activity • Provision for credit losses was $17mm primarily related to interest- bearing deposits with banks in Russia • Noninterest expense decreased YoY and QoQ primarily reflecting lower staff expense Other Segment

Appendix

12 Footnotes Page 3 – 1Q22 Financial Results (a) Operating leverage is the rate of increase (decrease) in total revenue less the rate of increase (decrease) in total noninterest expense. Page 4 – Capital and Liquidity (a) Regulatory capital ratios for March 31, 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 March 31, 2022 and Dec. 31, 2021 was the Standardized Approach, and for Sept. 30, 2021, June 30, 2021 and March 31, 2021 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio. (b) Reflects the temporary exclusion of U.S. Treasury securities from the leverage exposure used in the SLR calculation which increased our consolidated SLR by 68 basis points at March 31, 2021. The temporary exclusion ceased to apply beginning April 1, 2021. (c) Tangible book value per common share – Non-GAAP excludes goodwill and intangible assets, net of deferred tax liabilities. See page 15 for corresponding reconciliation of this non-GAAP measure. Page 7 – Securities Services (b) Included in investment services fees in the Asset Servicing business. (c) March 31, 2022 information is preliminary. (d) Consists of AUC/A primarily from the Asset Servicing business and, to a lesser extent, the Issuer Services business. Includes the AUC/A of CIBC Mellon Global Securities Services Company (“CIBC Mellon”), a joint venture with the Canadian Imperial Bank of Commerce, of $1.7trn at March 31, 2022 and Dec. 31, 2021 and $1.6trn at March 31, 2021. (e) 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 $78bn at March 31, 2022, $71bn at Dec. 31, 2021 and $64bn at March 31, 2021. Page 8 – Market and Wealth Services (a) March 31, 2022 information is preliminary. (b) Consists of AUC/A from the Clearance and Collateral Management and Pershing lines of business. (c) 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. Page 9 – Investment and Wealth Management (b) March 31, 2022 information is preliminary. Excludes assets managed outside of the Investment and Wealth Management business segment. (c) March 31, 2022 information is preliminary. Includes AUM and AUC/A in the Wealth Management business.

13 1Q22 4Q21 3Q21 2Q21 1Q21 Investment services fees (see table below) $(126) $(148) $(142) $(148) $(109) Investment management and performance fees (85) (116) (109) (115) (89) Distribution and servicing fees (11) (14) (11) (13) (13) Total fee revenue (222) (278) (262) (276) (211) Less: Distribution and servicing expense 23 35 29 24 23 Net impact of money market fee waivers $(199) $(243) $(233) $(252) $(188) Impact to investment services fees by line of business (a) Asset Servicing $(19) $(31) $(29) $(30) $(15) Issuer Services (11) (18) (17) (16) (11) Pershing (90) (89) (86) (91) (77) Treasury Services (6) (10) (10) (11) (6) Total impact to investment services fees by line of business $(126) $(148) $(142) $(148) $(109) Impact to revenue by line of business (a) Asset Servicing $(28) $(50) $(47) $(50) $(29) Issuer Services (14) (24) (22) (22) (15) Pershing (107) (106) (102) (99) (94) Treasury Services (8) (14) (13) (16) (9) Investment Management (63) (81) (76) (85) (61) Wealth Management (2) (3) (2) (4) (3) Total impact to revenue by line of business $(222) $(278) $(262) $(276) $(211) Money Market Fee Waivers Impact (a) The line of business revenue for management reporting purposes reflects the impact of revenue transferred between the businesses.

14 Pre-tax Operating Margin and ROTCE Reconciliation – Impact of Notable Items (a) Notable items in 1Q22 include the revenue reduction related to Russia and litigation expense. Non-Interest Expense Reconciliation – Impact of Notable Items 1Q22 vs. 1Q22 1Q21 1Q21 Noninterest expense — GAAP $3,006 $2,851 5.4% Notable items (1) 14 Noninterest expense, ex-notables — Non-GAAP $3,007 $2,837 6% 1Q22 Results – GAAP Notable items (a) Results – Non-GAAP ex. notable items Total revenue $3,926 $(88) $4,014 Provision for credit losses 2 — 2 Noninterest expense 3,006 (1) 3,007 Income before income taxes $918 $(87) $1,005 Pre-tax operating margin 23% 25% 1Q22 Results Notable items (a) Non-GAAP ex. notable items Net income applicable to common shareholders of The Bank of New York Mellon Corporation — GAAP $699 $(67) $766 Add: Amortization of intangible assets 17 — 17 Less: Tax impact of amortization of intangible assets 4 — 4 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets — Non-GAAP $712 $(67) $779 Average common shareholders’ equity $37,363 — $37,363 Less: Average goodwill 17,490 — 17,490 Average intangible assets 2,979 — 2,979 Add: Deferred tax liability — tax deductible goodwill 1,184 — 1,184 Deferred tax liability — intangible assets 673 — 673 Average tangible common shareholders’ equity — Non-GAAP $18,751 — $18,751 Return on tangible common equity (annualized) — Non-GAAP 15.4% 16.9%

15 Return on Common Equity and Tangible Common Equity Reconciliation Book Value and Tangible Book Value Per Common Share Reconciliation 1Q22 4Q21 1Q21 Net income applicable to common shareholders of The Bank of New York Mellon Corporation — GAAP $699 $822 $858 Add: Amortization of intangible assets 17 19 24 Less: Tax impact of amortization of intangible assets 4 5 6 Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets — Non-GAAP $712 $836 $876 Average common shareholders ’ equity $37,363 $37,941 $40,720 Less: Average goodwill 17,490 17,481 17,494 Average intangible assets 2,979 2,988 3,000 Add: Deferred tax liability — tax deductible goodwill 1,184 1,178 1,153 Deferred tax liability — intangible assets 673 676 665 Average tangible common shareholders ’ equity — Non-GAAP $18,751 $19,326 $22,044 Return on common equity (annualized) — GAAP 7.6% 8.6% 8.5% Return on tangible common equity (annualized) — non-GAAP 15.4% 17.2% 16.1% 2022 2021 Mar. 31 Dec. 31 Mar. 31 BNY Mellon shareholders’ equity at period end — GAAP $41,799 $43,034 $44,954 Less: Preferred stock 4,838 4,838 4,541 BNY Mellon common shareholders’ equity at period end — GAAP 36,961 38,196 40,413 Less: Goodwill 17,462 17,512 17,469 Intangible assets 2,968 2,991 2,983 Add: Deferred tax liability — tax deductible goodwill 1,184 1,178 1,153 Deferred tax liability — intangible assets 673 676 665 BNY Mellon tangible common shareholders’ equity at period end — Non-GAAP 18,388 19,547 21,779 Period-end common shares outstanding (in thousands) 807,798 804,145 875,481 Book value per common share — GAAP $45.76 $47.50 $46.16 Tangible book value per common share — Non-GAAP $22.76 $24.31 $24.88

16 Pre-tax Operating Margin Reconciliation – Investment and Wealth Management Business Revenue and Income before Taxes Reconciliation – Reduction related to Russia (a) Income before income taxes divided by total revenue. (b) Reduction in total revenue and fee revenue primarily related to accelerated amortization of deferred costs for depositary receipt services related to Russia. 1Q22 4Q21 1Q21 Income before income taxes — GAAP $212 $278 $278 Total revenue — GAAP $964 $1,020 $991 Less: Distribution and servicing expense 79 75 75 Adjusted total revenue, net of distribution and servicing expense — non-GAAP $885 $945 $916 Pre-tax operating margin — GAAP (a) 22% 27% 28% Adjusted pre-tax operating margin, net of distribution and servicing expense — non-GAAP (a) 24% 29% 30% 1Q22 vs. 1Q22 1Q21 1Q21 Total revenue — GAAP $3,926 $3,921 —% Revenue reduction related to Russia (b) (88) — Total revenue, ex-reduction related to Russia — non-GAAP $4,014 $3,921 2% Fee revenue — GAAP $3,158 $3,257 (3)% Revenue reduction related to Russia (b) (88) — Fee revenue, ex-reduction related to Russia — non-GAAP $3,246 $3,257 —% Securities Services segment, total revenue — GAAP $1,780 $1,787 —% Revenue reduction related to Russia (b) (82) — Securities Services total revenue, ex-reduction related to Russia — non-GAAP $1,862 $1,787 4% Securities Services segment, fee revenue — GAAP $1,329 $1,401 (5)% Revenue reduction related to Russia (b) (82) — Securities Services fee revenue, ex-reduction related to Russia — non-GAAP $1,411 $1,401 1% Issuer Services business, total revenue — GAAP $268 $363 (26)% Revenue reduction related to Russia (b) (82) — Issuer Services total revenue, ex-reduction related to Russia — non-GAAP $350 $363 (4)% Issuer Services business, investment services fees — GAAP $141 $246 (43)% Revenue reduction related to Russia (b) (82) — Issuer Services investment services fees, ex-reduction related to Russia — non-GAAP $223 $246 (9)% Securities Services segment, income before income taxes — GAAP $280 $418 (33)% Revenue reduction related to Russia (b) (82) — Securities Services income before income taxes, ex-reduction related to Russia — non-GAAP $362 $418 (13)%

17 A number of statements in The Bank of New York Mellon Corporation’s (the “Corporation”) presentations, the accompanying slides and the responses to your questions are “forward-looking statements.” Words such as “estimate,” “forecast,” “project,” “anticipate,” “likely,” “target,” “expect,” “intend,” “continue,” “seek,” “believe,” “plan,” “goal,” “could,” “should,” “would,” “may,” “might,” “will,” “strategy,” “synergies,” “opportunities,” “trends,” “ambition,” “objective,” “aim,” “future,” “potentially,” “outlook” and words of similar meaning may signify forward-looking statements. These statements relate to, among other things, the Corporation’s expectations regarding: capital plans, strategic priorities, financial goals, organic growth, performance, organizational quality and efficiency, investments, including in technology and product development, capabilities, resiliency, revenue, net interest revenue, money market fee waivers, fees, expenses, cost discipline, sustainable growth, innovation in products and services, company management, human capital management (including related ambitions, objectives, aims and goals), deposits, interest rates and yield curves, securities portfolio, taxes, business opportunities, divestments, volatility, preliminary business metrics and regulatory capital ratios and statements regarding the Corporation’s aspirations, as well as the Corporation’s overall plans, strategies, goals, objectives, expectations, outlooks, estimates, intentions, targets, opportunities, focus and initiatives, including the potential effects of the coronavirus pandemic on any of the foregoing. These forward-looking statements are based on assumptions that involve risks and uncertainties and that are subject to change based on various important factors (some of which are beyond the Corporation’s control). Actual outcomes may differ materially from those expressed or implied as a result of a number of factors, including, but not limited to, those discussed in “Risk Factors” in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Annual Report”) and in other filings of the Corporation with the Securities and Exchange Commission (the “SEC”). Statements about the effects of the current and near-term market and macroeconomic outlook on the Corporation, including on its business, operations, financial performance and prospects, may constitute forward-looking statements, and are based on assumptions that involve risks and uncertainties and that are subject to change based on various important factors (some of which are beyond the Corporation's control), including geopolitical risks (including those related to Russia’s invasion of Ukraine), as well as the scope and duration of the pandemic, actions taken by governmental authorities and other third parties in response to the pandemic, the availability, use and effectiveness of vaccines, and the direct and indirect impact of the pandemic on the Corporation, its clients, customers and third parties. Preliminary business metrics and regulatory capital ratios are subject to change, possibly materially, as the Corporation completes its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022. All forward-looking statements speak only as of April 18, 2022, and the Corporation undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. For additional information regarding the Corporation, please refer to the Corporation's SEC filings available at www.bnymellon.com/investorrelations. Non-GAAP Measures: In this presentation we discuss certain non-GAAP measures in detailing the Corporation’s performance, which exclude certain items or otherwise include components that differ from GAAP. We believe these measures are useful to the investment community in analyzing the financial results and trends of ongoing operations. We believe they facilitate comparisons with prior periods and reflect the principal basis on which the Corporation’s management monitors financial performance. Additional disclosures relating to non-GAAP measures are contained in the Corporation’s reports filed with the SEC, including the 2021 Annual Report and the first quarter 2022 earnings release, and are available at www.bnymellon.com/investorrelations. Cautionary Statement

XML

Document and Entity Information	Apr. 18, 2022
Entity Information [Line Items]
Document Type	8-K
Document Period End Date	Apr. 18, 2022
Entity Registrant Name	THE BANK OF NEW YORK MELLON CORPORATION
Entity Incorporation, State or Country Code	DE
Entity File Number	001-35651
Entity Tax Identification Number	13-2614959
Entity Address, Address Line One	240 Greenwich Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10286
City Area Code	212
Local Phone Number	495-1784
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0001390777
Amendment Flag	false
New York Stock Exchange | Common Stock, $0.01 par value
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	BK
Security Exchange Name	NYSE
New York Stock Exchange | 6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV
Entity Information [Line Items]
Title of 12(b) Security	6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV
Trading Symbol	BK/P
Security Exchange Name	NYSE