Document


THE BANK OF NEW YORK MELLON CORPORATION
CONSOLIDATED FINANCIAL HIGHLIGHTS
(dollars in millions, except per common share amounts, or unless otherwise noted)																4Q23 vs.										FY23 vs.
	4Q23			3Q23			2Q23			1Q23			4Q22			3Q23		4Q22		FY23			FY22			FY22
Selected income statement data


Fee and other revenue	$	3,210		$	3,358		$	3,354		$	3,235		$	2,862		(4)	%	12	%	$	13,157		$	12,873		2	%
Net interest revenue	1,101			1,016			1,100			1,128			1,056			8		4		4,345			3,504			24
Total revenue	4,311			4,374			4,454			4,363			3,918			(1)		10		17,502			16,377			7
Provision for credit losses	84			3			5			27			20			N/M		N/M		119			39			N/M
Noninterest expense	3,868			3,089			3,111			3,100			3,213			25		20		13,168			13,010			1
Income before income taxes	359			1,282			1,338			1,236			685			(72)		(48)		4,215			3,328			27
Provision for income taxes	59			241			270			260			142			(76)		(58)		830			768			8
Net income	$	300		$	1,041		$	1,068		$	976		$	543		(71)	%	(45)	%	$	3,385		$	2,560		32	%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	256		$	956		$	1,031		$	905		$	509		(73)	%	(50)	%	$	3,148		$	2,362		33	%
Diluted earnings per common share	$	0.33		$	1.22		$	1.30		$	1.12		$	0.62		(73)	%	(47)	%	$	4.00		$	2.90		38	%
Average common shares and equivalents outstanding – diluted (in thousands)	772,102			781,781			790,725			807,718			815,846			(1)	%	(5)	%	787,798			814,795			(3)	%

Financial ratios (Returns are annualized)
Pre-tax operating margin	8		%	29		%	30		%	28		%	17		%					24		%	20		%
Return on common equity	2.8		%	10.5		%	11.6		%	10.3		%	5.7		%					8.8		%	6.5		%
Return on tangible common equity – Non-GAAP (a)	5.6		%	20.5		%	22.6		%	20.2		%	11.5		%					17.1		%	13.4		%
Non-U.S. revenue as a percentage of total revenue	36		%	36		%	37		%	35		%	39		%					36		%	36		%

Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)	$	47.8		$	45.7		$	46.9		$	46.6		$	44.3		5	%	8	%
Assets under management (“AUM”) (in trillions)	$	1.97		$	1.82		$	1.91		$	1.91		$	1.84		8	%	8	%
Full-time employees	53,400			53,600			53,200			51,600			51,700			—	%	3	%
Book value per common share	$	48.24		$	46.98		$	46.35		$	45.36		$	44.40
Tangible book value per common share – Non-GAAP (a)	$	25.52		$	24.66		$	24.17		$	23.52		$	23.11
Cash dividends per common share	$	0.42		$	0.42		$	0.37		$	0.37		$	0.37
Common dividend payout ratio	128		%	35		%	29		%	34		%	60		%
Closing stock price per common share	$	52.05		$	42.65		$	44.52		$	45.44		$	45.52
Market capitalization	$	39,524		$	32,801		$	34,671		$	35,858		$	36,800
Common shares outstanding (in thousands)	759,344			769,073			778,782			789,134			808,445

Capital ratios at period end (c)
Common Equity Tier 1 ("CET1") ratio	11.6		%	11.4		%	11.1		%	11.0		%	11.2		%
Tier 1 capital ratio	14.3		%	14.4		%	14.0		%	13.9		%	14.1		%
Total capital ratio	15.0		%	15.2		%	14.8		%	14.7		%	14.9		%
Tier 1 leverage ratio	6.0		%	6.1		%	5.7		%	5.8		%	5.8		%
Supplementary leverage ratio ("SLR")	7.4		%	7.2		%	7.0		%	6.9		%	6.8		%
(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 Dec. 31, 2023, $1.5 trillion at Sept. 30, 2023, $1.6 trillion at June 30, 2023 and $1.5 trillion at March 31, 2023 and Dec. 31, 2022.
(c) Regulatory capital ratios for Dec. 31, 2023 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for the periods presented, was the Advanced Approaches.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENT

(dollars in millions, except per share amounts; common shares in thousands)											4Q23 vs.								FY23 vs.
	4Q23		3Q23		2Q23		1Q23		4Q22		3Q23		4Q22		FY23		FY22		FY22
Revenue
Investment services fees	$	2,242	$	2,230	$	2,252	$	2,119	$	2,173	1	%	3	%	$	8,843	$	8,529	4	%
Investment management and performance fees	743		777		762		776		783		(4)		(5)		3,058		3,299		(7)
Foreign exchange revenue	143		154		158		176		190		(7)		(25)		631		822		(23)
Financing-related fees	45		45		50		52		43		—		5		192		175		10
Distribution and servicing fees	41		39		35		33		33		5		24		148		130		14
Total fee revenue	3,214		3,245		3,257		3,156		3,222		(1)		—		12,872		12,955		(1)
Investment and other revenue	(4)		113		97		79		(360)		N/M		N/M		285		(82)		N/M
Total fee and other revenue	3,210		3,358		3,354		3,235		2,862		(4)		12		13,157		12,873		2
Net interest revenue	1,101		1,016		1,100		1,128		1,056		8		4		4,345		3,504		24
Total revenue	4,311		4,374		4,454		4,363		3,918		(1)		10		17,502		16,377		7
Provision for credit losses	84		3		5		27		20		N/M		N/M		119		39		N/M
Noninterest expense
Staff	1,831		1,755		1,718		1,791		1,802		4		2		7,095		6,800		4
Software and equipment	486		452		450		429		432		8		13		1,817		1,657		10
Professional, legal and other purchased services	406		368		378		375		415		10		(2)		1,527		1,527		—
Net occupancy	162		140		121		119		143		16		13		542		514		5
Sub-custodian and clearing	117		121		119		118		112		(3)		4		475		485		(2)
Distribution and servicing	88		87		93		85		86		1		2		353		343		3
Business development	61		36		47		39		45		69		36		183		152		20
Bank assessment charges	543		37		41		40		19		N/M		N/M		661		126		N/M
Goodwill impairment	—		—		—		—		—		N/M		N/M		—		680		N/M
Amortization of intangible assets	14		15		14		14		16		(7)		(13)		57		67		(15)
Other	160		78		130		90		143		105		12		458		659		(31)
Total noninterest expense	3,868		3,089		3,111		3,100		3,213		25		20		13,168		13,010		1
Income before income taxes	359		1,282		1,338		1,236		685		(72)		(48)		4,215		3,328		27
Provision for income taxes	59		241		270		260		142		(76)		(58)		830		768		8
Net income	300		1,041		1,068		976		543		(71)		(45)		3,385		2,560		32
Net (income) loss attributable to noncontrolling interests	2		(3)		(1)		—		—		N/M		N/M		(2)		13		N/M
Preferred stock dividends	(46)		(82)		(36)		(71)		(34)		N/M		N/M		(235)		(211)		N/M
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	256	$	956	$	1,031	$	905	$	509	(73)	%	(50)	%	$	3,148	$	2,362	33	%

Average common shares and equivalents outstanding: Basic	767,146		777,813		787,718		803,340		811,669		(1)	%	(5)	%	784,069		811,068		(3)	%
Diluted	772,102		781,781		790,725		807,718		815,846		(1)	%	(5)	%	787,798		814,795		(3)	%

Earnings per common share: Basic	$	0.33	$	1.23	$	1.31	$	1.13	$	0.63	(73)	%	(48)	%	$	4.01	$	2.91	38	%
Diluted	$	0.33	$	1.22	$	1.30	$	1.12	$	0.62	(73)	%	(47)	%	$	4.00	$	2.90	38	%
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET

	2023								2022
(in millions)	Dec. 31		Sept. 30		June 30		March 31		Dec. 31
Assets
Cash and due from banks	$	4,922	$	4,904	$	5,720	$	5,564	$	5,030
Interest-bearing deposits with the Federal Reserve and other central banks	111,550		107,419		118,908		117,042		91,655
Interest-bearing deposits with banks	12,139		12,999		12,316		15,114		17,169
Federal funds sold and securities purchased under resale agreements	28,900		26,299		35,378		26,894		24,298
Securities	126,395		128,225		134,233		138,678		142,816
Trading assets	10,058		10,699		10,562		9,024		9,908
Loans	66,879		66,290		64,469		62,323		66,063
Allowance for loan losses	(303)		(211)		(191)		(170)		(176)
Net loans	66,576		66,079		64,278		62,153		65,887
Premises and equipment	3,163		3,234		3,241		3,248		3,256
Accrued interest receivable	1,150		1,141		963		978		858
Goodwill	16,261		16,159		16,246		16,192		16,150
Intangible assets	2,854		2,859		2,881		2,890		2,901
Other assets	25,985		25,231		25,656		27,335		25,855
Total assets	$	409,953	$	405,248	$	430,382	$	425,112	$	405,783
Liabilities
Deposits	$	283,669	$	277,467	$	292,045	$	281,294	$	278,970
Federal funds purchased and securities sold under repurchase agreements	14,507		14,771		21,285		26,540		12,335
Trading liabilities	6,226		7,358		6,319		5,705		5,385
Payables to customers and broker-dealers	18,395		17,441		21,084		22,598		23,435

Other borrowed funds	479		728		1,371		2,538		397
Accrued taxes and other expenses	5,470		5,389		5,160		4,732		5,410
Other liabilities	8,844		11,758		9,553		10,414		8,543
Long-term debt	31,257		29,205		32,463		30,489		30,458
Total liabilities	368,847		364,117		389,280		384,310		364,933
Temporary equity
Redeemable noncontrolling interests	85		109		104		96		109
Permanent equity
Preferred stock	4,343		4,838		4,838		4,838		4,838
Common stock	14		14		14		14		14
Additional paid-in capital	28,908		28,793		28,726		28,650		28,508
Retained earnings	39,750		39,822		39,199		38,465		37,864
Accumulated other comprehensive loss, net of tax	(4,893)		(5,805)		(5,602)		(5,543)		(5,966)
Less: Treasury stock, at cost	(27,151)		(26,696)		(26,242)		(25,790)		(24,524)
Total The Bank of New York Mellon Corporation shareholders’ equity	40,971		40,966		40,933		40,634		40,734
Nonredeemable noncontrolling interests of consolidated investment management funds	50		56		65		72		7
Total permanent equity	41,021		41,022		40,998		40,706		40,741
Total liabilities, temporary equity and permanent equity	$	409,953	$	405,248	$	430,382	$	425,112	$	405,783


THE BANK OF NEW YORK MELLON CORPORATION
FEE AND OTHER REVENUE

											4Q23 vs.								FY23 vs.
(dollars in millions)	4Q23		3Q23		2Q23		1Q23		4Q22		3Q23		4Q22		FY23		FY22		FY22
Investment services fees	$	2,242	$	2,230	$	2,252	$	2,119	$	2,173	1	%	3	%	$	8,843	$	8,529	4	%
Investment management and performance fees:
Investment management fees (a)	724		747		752		754		757		(3)		(4)		2,977		3,224		(8)
Performance fees	19		30		10		22		26		N/M		N/M		81		75		8
Total investment management and performance fees (b)	743		777		762		776		783		(4)		(5)		3,058		3,299		(7)
Foreign exchange revenue	143		154		158		176		190		(7)		(25)		631		822		(23)
Financing-related fees	45		45		50		52		43		—		5		192		175		10
Distribution and servicing fees	41		39		35		33		33		5		24		148		130		14
Total fee revenue	3,214		3,245		3,257		3,156		3,222		(1)		—		12,872		12,955		(1)
Investment and other revenue:
Income (loss) from consolidated investment management funds	26		(11)		10		5		9		N/M		N/M		30		(42)		N/M
Seed capital gains (losses) (c)	18		(4)		7		8		6		N/M		N/M		29		(37)		N/M
Other trading revenue	47		86		53		45		34		N/M		N/M		231		149		N/M
Renewable energy investment (losses)	(45)		(45)		(45)		(32)		(32)		N/M		N/M		(167)		(164)		N/M
Corporate/bank-owned life insurance	39		29		23		27		35		N/M		N/M		118		128		N/M
Other investments gains (losses) (d)	55		(9)		10		(9)		7		N/M		N/M		47		159		N/M
Disposal (losses) gains	(6)		2		(1)		(1)		(11)		N/M		N/M		(6)		26		N/M
Expense reimbursements from joint venture	28		29		31		29		28		N/M		N/M		117		108		N/M
Other (loss) income	(118)		55		9		8		12		N/M		N/M		(46)		34		N/M
Net securities (losses) gains	(48)		(19)		—		(1)		(448)		N/M		N/M		(68)		(443)		N/M
Total investment and other revenue	(4)		113		97		79		(360)		N/M		N/M		285		(82)		N/M
Total fee and other revenue	$	3,210	$	3,358	$	3,354	$	3,235	$	2,862	(4)	%	12	%	$	13,157	$	12,873	2	%
(a) Excludes seed capital gains (losses) related to consolidated investment management funds.
(b) On a constant currency basis (Non-GAAP), investment management and performance fees decreased 6% compared with 4Q22. See "Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure.
(c) Includes gains (losses) on investments in BNY Mellon funds which hedge deferred incentive awards.
(d) Includes strategic equity, private equity and other investments.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
AVERAGE BALANCES AND INTEREST RATES
	4Q23					3Q23					2Q23					1Q23					4Q22
	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	$	107,291	4.72	%		$	98,767	4.57	%		$	114,578	4.29	%		$	94,899	3.59	%		$	94,868	2.60	%
Interest-bearing deposits with banks	12,110		4.26			12,287		4.04			13,919		3.68			16,225		3.51			15,750		2.70
Federal funds sold and securities purchased under resale agreements	25,753		35.55		(a)	26,915		30.47		(a)	26,989		26.38		(a)	24,631		16.32		(a)	25,657		11.22		(a)
Loans	65,677		6.43			63,962		6.39			63,459		6.05			63,261		5.54			67,364		4.65
Securities:
U.S. government obligations	28,641		3.40			32,224		3.08			34,147		2.90			38,852		2.89			39,382		2.46
U.S. government agency obligations	59,067		2.95			59,481		2.87			61,565		2.78			62,280		2.60			61,426		2.30
State and political subdivisions (b)	12		4.40			13		4.42			13		4.45			23		7.07			1,178		2.77
Other securities (b)	39,403		4.03			39,861		3.93			40,976		3.59			42,429		3.21			41,732		2.66
Total investment securities (b)	127,123		3.39			131,579		3.24			136,701		3.05			143,584		2.86			143,718		2.45
Trading securities (b)	6,220		5.59			5,534		5.49			6,403		5.02			5,778		4.97			5,630		4.51
Total securities (b)	133,343		3.49			137,113		3.33			143,104		3.14			149,362		2.94			149,348		2.53
Total interest-earning assets (b)	$	344,174	6.86	%		$	339,044	6.45	%		$	362,049	5.77	%		$	348,378	4.56	%		$	352,987	3.59	%
Noninterest-earning assets	57,626					58,448					59,125					59,123					61,532
Total assets	$	401,800				$	397,492				$	421,174				$	407,501				$	414,519

Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits	$	220,408	3.79	%		$	209,641	3.62	%		$	215,057	3.24	%		$	204,114	2.71	%		$	207,875	2.00	%
Federal funds purchased and securities sold under repurchase agreements	16,065		52.41		(a)	21,512		36.07		(a)	26,282		26.39		(a)	18,316		19.75		(a)	13,985		16.88		(a)
Trading liabilities	2,857		4.83			3,959		4.80			3,893		4.46			3,025		4.05			3,572		3.45
Other borrowed funds	465		5.56			540		4.47			2,702		4.60			711		1.75			619		1.69
Commercial paper	5		5.40			7		4.13			5		5.11			—		—			6		3.87
Payables to customers and broker-dealers	12,586		4.67			13,515		4.30			14,801		3.85			16,954		3.08			17,147		2.27
Long-term debt	30,702		5.70			31,161		5.52			31,970		5.45			30,246		5.22			29,508		4.90
Total interest-bearing liabilities	$	283,088	6.81	%		$	280,335	6.37	%		$	294,710	5.61	%		$	273,366	4.17	%		$	272,712	3.11	%
Total noninterest-bearing deposits	52,667					52,467					62,152					69,886					75,862
Other noninterest-bearing liabilities	25,049					23,790					23,625					23,789					25,810
Total The Bank of New York Mellon Corporation shareholders’ equity	40,931					40,821					40,607					40,442					40,097
Noncontrolling interests	65					79					80					18					38
Total liabilities and equity	$	401,800				$	397,492				$	421,174				$	407,501				$	414,519
Net interest margin			1.26	%				1.18	%				1.20	%				1.29	%				1.19	%
Net interest margin (FTE) – Non-GAAP (c)			1.26	%				1.18	%				1.20	%				1.29	%				1.19	%
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $141 billion for 4Q23, $126 billion for 3Q23, $113 billion for 2Q23, $62 billion for 1Q23 and $51 billion for 4Q22. On a Non-GAAP basis, excluding the impact of offsetting, the yield on federal funds sold and securities purchased under resale agreements would have been 5.48% for 4Q23, 5.36% for 3Q23, 5.10% for 2Q23, 4.62% for 1Q23 and 3.76% for 4Q22. 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 5.35% for 4Q23, 5.26% for 3Q23, 4.99% for 2Q23, 4.49% for 1Q23 and 3.63% for 4Q22. We believe providing the rates excluding the impact of netting is useful to investors as it is more reflective of the actual rates earned and paid.
(b) Average rates were calculated on an FTE basis, at tax rates of approximately 21%.
(c) See "Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure.


THE BANK OF NEW YORK MELLON CORPORATION
CAPITAL AND LIQUIDITY

	2023												2022
(dollars in millions)	Dec. 31			Sept. 30			June 30			March 31				Dec. 31
Consolidated regulatory capital ratios (a)
Standardized Approach:
CET1 capital	$	18,735		$	18,264		$	18,127		$	17,876			$	18,032
Tier 1 capital	23,064			23,093			22,957			22,710				22,856
Total capital	24,614			24,660			24,522			24,276				24,384
Risk-weighted assets	156,393			153,363			153,359			157,399				159,096

CET1 ratio	12.0		%	11.9		%	11.8		%	11.4		%		11.3		%
Tier 1 capital ratio	14.7			15.1			15.0			14.4				14.4
Total capital ratio	15.7			16.1			16.0			15.4				15.3

Advanced Approaches:
CET1 capital	$	18,735		$	18,264		$	18,127		$	17,876			$	18,032
Tier 1 capital	23,064			23,093			22,957			22,710				22,856
Total capital	24,286			24,413			24,260			24,005				24,143
Risk-weighted assets	161,736			160,458			163,536			162,905				161,672

CET1 ratio	11.6		%	11.4		%	11.1		%	11.0		%		11.2		%
Tier 1 capital ratio	14.3			14.4			14.0			13.9				14.1
Total capital ratio	15.0			15.2			14.8			14.7				14.9

Tier 1 leverage ratio (a):
Average assets for Tier 1 leverage ratio	$	383,899		$	379,630		$	403,206		$	389,581			$	396,643
Tier 1 leverage ratio	6.0		%	6.1		%	5.7		%	5.8		%		5.8		%

SLR (a):
Leverage exposure	$	312,872		$	318,865		$	326,215		$	330,501			$	336,049
SLR	7.4		%	7.2		%	7.0		%	6.9		%		6.8		%

Average liquidity coverage ratio (a)	117		%	121		%	120		%	118		%		118		%
Average net stable funding ratio (a)	135		%	136		%	136		%	132		%		N/A			(b)
(a) Regulatory capital and liquidity ratios for Dec. 31, 2023 are preliminary. For our CET1, Tier 1 capital and Total capital ratios, our effective capital ratios under the U.S. capital rules are the lower of the ratios as calculated under the Standardized and Advanced Approaches, which for the periods presented, was the Advanced Approaches.
(b) The reporting requirement for the average net stable funding ratio became effective in 2Q23, inclusive of reporting the average 1Q23 ratio.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT

																4Q23 vs.										FY23 vs.
(dollars in millions)	4Q23			3Q23			2Q23			1Q23			4Q22			3Q23		4Q22		FY23			FY22			FY22
Revenue:
Investment services fees:
Asset Servicing	$	975		$	984		$	991		$	948		$	971		(1)	%	—	%	$	3,898		$	3,918		(1)	%
Issuer Services	285			281			319			236			271			1		5		1,121			1,009			11
Total investment services fees	1,260			1,265			1,310			1,184			1,242			—		1		5,019			4,927			2
Foreign exchange revenue	118			107			124			139			149			10		(21)		488			584			(16)
Other fees (a)	54			52			54			55			55			4		(2)		215			202			6
Total fee revenue	1,432			1,424			1,488			1,378			1,446			1		(1)		5,722			5,713			—
Investment and other revenue	112			65			84			72			70			N/M		N/M		333			291			N/M
Total fee and other revenue	1,544			1,489			1,572			1,450			1,516			4		2		6,055			6,004			1
Net interest revenue	635			600			668			666			656			6		(3)		2,569			2,028			27
Total revenue	2,179			2,089			2,240			2,116			2,172			4		—		8,624			8,032			7
Provision for credit losses	64			19			16			—			11			N/M		N/M		99			8			N/M
Noninterest expense (ex. amortization of intangible assets)	1,645			1,577			1,575			1,548			1,568			4		5		6,345			6,266			1
Amortization of intangible assets	8			8			7			8			8			—		—		31			33			(6)
Total noninterest expense	1,653			1,585			1,582			1,556			1,576			4		5		6,376			6,299			1
Income before income taxes	$	462		$	485		$	642		$	560		$	585		(5)	%	(21)	%	$	2,149		$	1,725		25	%


Total revenue by line of business:
Asset Servicing	$	1,675		$	1,593		$	1,706		$	1,664		$	1,681		5	%	—	%	$	6,638		$	6,323		5	%
Issuer Services	504			496			534			452			491			2		3		1,986			1,709			16
Total revenue by line of business	$	2,179		$	2,089		$	2,240		$	2,116		$	2,172		4	%	—	%	$	8,624		$	8,032		7	%

Financial ratios:
Pre-tax operating margin	21		%	23		%	29		%	26		%	27		%					25		%	21		%

Memo: Securities lending revenue (b)	$	48		$	46		$	47		$	48		$	50		4	%	(4)	%	$	189		$	182		4	%
(a) Other fees primarily include financing-related fees.
(b) Included in investment services fees reported in the Asset Servicing line of business.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT

											4Q23 vs.								FY23 vs.
(dollars in millions, unless otherwise noted)	4Q23		3Q23		2Q23		1Q23		4Q22		3Q23		4Q22		FY23		FY22		FY22
Selected balance sheet data:
Average loans	$	11,366	$	11,236	$	11,283	$	10,939	$	11,850	1	%	(4)	%	$	11,207	$	11,245	—	%
Average assets (a)	$	200,040	$	190,964	$	202,207	$	196,560	$	206,810	5	%	(3)	%	$	197,434	$	212,575	(7)	%
Average deposits	$	171,086	$	162,509	$	172,863	$	167,209	$	176,541	5	%	(3)	%	$	168,411	$	183,990	(8)	%

Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	34.2	$	32.3	$	33.2	$	32.6	$	31.4	6	%	9	%	$	34.2	$	31.4	9	%
Market value of securities on loan at period end (in billions) (d)	$	450	$	406	$	415	$	441	$	449	11	%	—	%	$	450	$	449	—	%

Issuer Services
Total debt serviced at period end (in trillions)	$	13.3	$	13.1	$	13.1	$	12.9	$	12.6	2	%	6	%	$	13.3	$	12.6	6	%
Number of sponsored Depositary Receipts programs at period end	543		559		564		577		589		(3)	%	(8)	%	543		589		(8)	%
(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) Dec. 31, 2023 information is preliminary.
(c) Consists of AUC/A primarily from the Asset Servicing line of business and, to a lesser extent, the Issuer Services line of business. Includes the AUC/A of CIBC Mellon of $1.7 trillion at Dec. 31, 2023, $1.5 trillion at Sept. 30, 2023, $1.6 trillion at June 30, 2023 and $1.5 trillion at March 31, 2023 and Dec. 31, 2022.
(d) Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY Mellon acts as agent on behalf of CIBC Mellon clients, which totaled $63 billion at Dec. 31, 2023 and Sept. 30, 2023, $66 billion at June 30, 2023, $69 billion at March 31, 2023 and $68 billion at Dec. 31, 2022.


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

																4Q23 vs.										FY23 vs.
(dollars in millions)	4Q23			3Q23			2Q23			1Q23			4Q22			3Q23		4Q22		FY23			FY22			FY22
Revenue:
Investment services fees:
Pershing	$	506		$	506		$	496		$	499		$	502		—	%	1	%	$	2,007		$	1,908		5	%
Treasury Services	179			172			172			168			170			4		5		691			689			—
Clearance and Collateral Management	288			277			265			260			249			4		16		1,090			971			12
Total investment services fees	973			955			933			927			921			2		6		3,788			3,568			6
Foreign exchange revenue	21			21			21			18			20			—		5		81			88			(8)
Other fees (a)	52			51			55			54			47			2		11		212			176			20
Total fee revenue	1,046			1,027			1,009			999			988			2		6		4,081			3,832			6
Investment and other revenue	16			16			16			15			15			N/M		N/M		63			40			N/M
Total fee and other revenue	1,062			1,043			1,025			1,014			1,003			2		6		4,144			3,872			7
Net interest revenue	437			402			420			453			396			9		10		1,712			1,410			21
Total revenue	1,499			1,445			1,445			1,467			1,399			4		7		5,856			5,282			11
Provision for credit losses	28			6			7			—			6			N/M		N/M		41			7			N/M
Noninterest expense (ex. amortization of intangible assets)	838			806			779			768			783			4		7		3,191			2,924			9
Amortization of intangible assets	1			2			2			1			2			(50)		(50)		6			8			(25)
Total noninterest expense	839			808			781			769			785			4		7		3,197			2,932			9
Income before income taxes	$	632		$	631		$	657		$	698		$	608		—	%	4	%	$	2,618		$	2,343		12	%


Total revenue by line of business:
Pershing	$	711		$	699		$	686		$	693		$	673		2	%	6	%	$	2,789		$	2,537		10	%
Treasury Services	408			389			402			412			382			5		7		1,611			1,483			9
Clearance and Collateral Management	380			357			357			362			344			6		10		1,456			1,262			15
Total revenue by line of business	$	1,499		$	1,445		$	1,445		$	1,467		$	1,399		4	%	7	%	$	5,856		$	5,282		11	%


Financial ratios:
Pre-tax operating margin	42		%	44		%	46		%	48		%	43		%					45		%	44		%
(a) Other fees primarily include financing-related fees.
N/M – Not meaningful.


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

											4Q23 vs.								FY23 vs.
(dollars in millions, unless otherwise noted)	4Q23		3Q23		2Q23		1Q23		4Q22		3Q23		4Q22		FY23		FY22		FY22
Selected balance sheet data:
Average loans	$	39,200	$	37,496	$	36,432	$	36,854	$	39,843	5	%	(2)	%	$	37,502	$	41,300	(9)	%
Average assets (a)	$	132,483	$	129,804	$	131,657	$	132,143	$	132,306	2	%	—	%	$	131,518	$	138,386	(5)	%
Average deposits	$	87,695	$	84,000	$	85,407	$	86,040	$	86,083	4	%	2	%	$	85,785	$	91,749	(7)	%

Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	13.3	$	13.1	$	13.4	$	13.7	$	12.7	2	%	5	%	$	13.3	$	12.7	5	%

Pershing
AUC/A at period end (in trillions) (b)	$	2.5	$	2.4	$	2.4	$	2.4	$	2.3	4	%	9	%	$	2.5	$	2.3	9	%
Net new assets (U.S. platform) (in billions) (d)	$	(4)	$	23	$	(34)	$	37	$	42	N/M		N/M		$	22	$	121	(82)	%
Average active clearing accounts (in thousands)	8,012		7,979		7,946		7,849		7,603		—	%	5	%	7,946		7,483		6	%

Treasury Services
Average daily U.S. dollar payment volumes	243,005		233,620		233,931		236,322		246,189		4	%	(1)	%	236,696		239,630		(1)	%

Clearance and Collateral Management
Average tri-party collateral management balances (in billions)	$	5,248	$	5,706	$	6,044	$	5,626	$	5,451	(8)	%	(4)	%	$	5,658	$	5,285	7	%
(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) Dec. 31, 2023 information is preliminary.
(c) Consists of AUC/A from the Clearance and Collateral Management and Pershing lines of business.
(d) Net new assets represent net flows of assets (e.g., net cash deposits and net securities transfers, including dividends and interest) in customer accounts in Pershing LLC, a U.S. broker-dealer.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT

																4Q23 vs.										FY23 vs.
(dollars in millions)	4Q23			3Q23			2Q23			1Q23			4Q22			3Q23		4Q22		FY23			FY22			FY22
Revenue:
Investment management fees	$	723		$	746		$	750		$	752		$	754		(3)	%	(4)	%	$	2,971		$	3,215		(8)	%
Performance fees	19			30			10			22			26			N/M		N/M		81			75			8
Investment management and performance fees (a)	742			776			760			774			780			(4)		(5)		3,052			3,290			(7)
Distribution and servicing fees	66			62			58			55			54			6		22		241			192			26
Other fees (b)	(55)			(50)			(56)			(53)			(58)			N/M		N/M		(214)			(133)			N/M
Total fee revenue	753			788			762			776			776			(4)		(3)		3,079			3,349			(8)
Investment and other revenue (c)	(121)			1			12			6			(3)			N/M		N/M		(102)			(27)			N/M
Total fee and other revenue (c)	632			789			774			782			773			(20)		(18)		2,977			3,322			(10)
Net interest revenue	44			38			39			45			52			16		(15)		166			228			(27)
Total revenue	676			827			813			827			825			(18)		(18)		3,143			3,550			(11)
Provision for credit losses	(2)			(9)			7			—			1			N/M		N/M		(4)			1			N/M
Noninterest expense (ex. goodwill impairment and amortization of intangible assets)	678			667			672			729			693			2		(2)		2,746			2,795			(2)
Goodwill impairment	—			—			—			—			—			N/M		N/M		—			680			N/M
Amortization of intangible assets	5			5			5			5			6			—		(17)		20			26			(23)
Total noninterest expense	683			672			677			734			699			2		(2)		2,766			3,501			(21)
(Loss) income before income taxes	$	(5)		$	164		$	129		$	93		$	125		(103)	%	(104)	%	$	381		$	48		694	%


Total revenue by line of business:
Investment Management	$	408		$	557		$	546		$	557		$	550		(27)	%	(26)	%	$	2,068		$	2,390		(13)	%
Wealth Management	268			270			267			270			275			(1)		(3)		1,075			1,160			(7)
Total revenue by line of business	$	676		$	827		$	813		$	827		$	825		(18)	%	(18)	%	$	3,143		$	3,550		(11)	%

Financial ratios:
Pre-tax operating margin	(1)		%	20		%	16		%	11		%	15		%					12		%	1		%
Adjusted pre-tax operating margin – Non-GAAP (d)	(1)		%	22		%	18		%	13		%	17		%					14		%	2		%

Selected balance sheet data:
Average loans	$	13,405		$	13,519		$	13,995		$	13,960		$	14,404		(1)	%	(7)	%	$	13,718		$	14,055		(2)	%
Average assets (e)	$	26,228		$	26,531		$	27,260		$	28,232		$	28,488		(1)	%	(8)	%	$	26,594		$	31,920		(17)	%
Average deposits	$	12,039		$	13,578		$	15,410		$	16,144		$	16,416		(11)	%	(27)	%	$	14,280		$	19,214		(26)	%
(a) On a constant currency basis, investment management and performance fees decreased 6% (Non-GAAP) compared with 4Q22. See "Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure.
(b) Other fees primarily include investment services fees.
(c) Investment and other revenue and total fee and other revenue are net of income (loss) attributable to noncontrolling interests related to consolidated investment management funds.
(d) Net of distribution and servicing expense. See "Explanation of GAAP and Non-GAAP Financial Measures" beginning on page 18 for the reconciliation of this Non-GAAP measure.
(e) In business segments where average deposits are greater than average loans, average assets include an allocation of investment securities equal to the difference.
N/M – Not meaningful.


THE BANK OF NEW YORK MELLON CORPORATION
AUM BY PRODUCT TYPE, CHANGES IN AUM AND WEALTH MANAGEMENT CLIENT ASSETS

											4Q23 vs.								FY23 vs.
(dollars in billions)	4Q23		3Q23		2Q23		1Q23		4Q22		3Q23		4Q22		FY23		FY22		FY22
AUM by product type (a)(b):
Equity	$	145	$	133	$	145	$	142	$	135	9	%	7	%
Fixed income	205		190		203		207		198		8		4
Index	459		425		440		408		395		8		16
Liability-driven investments	605		534		579		604		570		13		6
Multi-asset and alternative investments	170		156		162		161		153		9		11
Cash	390		383		377		386		385		2		1
Total AUM	$	1,974	$	1,821	$	1,906	$	1,908	$	1,836	8	%	8	%

Changes in AUM (a)(b):
Beginning balance of AUM	$	1,821	$	1,906	$	1,908	$	1,836	$	1,776					$	1,836	$	2,434
Net inflows (outflows):
Long-term strategies:
Equity	(2)		(3)		(3)		(4)		(5)						(12)		(18)
Fixed income	3		(7)		(4)		4		(12)						(4)		(21)
Liability-driven investments	4		1		(3)		10		19						12		78
Multi-asset and alternative investments	(1)		(4)		(1)		(3)		(4)						(9)		(11)
Total long-term active strategies inflows (outflows)	4		(13)		(11)		7		(2)						(13)		28
Index	(10)		(2)		2		(2)		(4)						(12)		2
Total long-term strategies (outflows) inflows	(6)		(15)		(9)		5		(6)						(25)		30
Short-term strategies:
Cash	7		7		(9)		—		27						5		(12)
Total net inflows (outflows)	1		(8)		(18)		5		21						(20)		18
Net market impact	122		(50)		(3)		52		18						121		(471)
Net currency impact	30		(27)		19		15		53						37		(113)
Divestiture	—		—		—		—		(32)						—		(32)
Ending balance of AUM	$	1,974	$	1,821	$	1,906	$	1,908	$	1,836	8	%	8	%	$	1,974	$	1,836	8	%

Wealth Management client assets (a)(c)	$	312	$	292	$	286	$	279	$	269	7	%	16	%
(a) Dec. 31, 2023 information is preliminary.
(b) Excludes assets managed outside of the Investment and Wealth Management business segment.
(c) Includes AUM and AUC/A in the Wealth Management line of business.


THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES PORTFOLIO

(dollars in millions)	Sept. 30, 2023			4Q23 change in unrealized gain (loss)		Dec. 31, 2023					Fair value as a % of amortized cost (a)		Unrealized gain (loss)			% Floating rate (b)		Ratings (c)
						Amortized cost (a)		Fair value										AAA/ AA-		A+/ A-		BBB+/ BBB-		BB+ and lower		Not rated
	Fair value
Agency RMBS	$	35,850		$	1,627	$	43,197	$	39,333		91	%	$	(3,864)		21	%	100	%	—	%	—	%	—	%	—	%
U.S. Treasury	31,439			410		27,316		26,476			97		(840)			62		100		—		—		—		—
Non-U.S. government (d)	20,650			238		21,135		20,543			97		(592)			42		94		3		2		1		—
Agency commercial MBS	10,927			220		11,602		11,010			95		(592)			45		100		—		—		—		—
CLOs	6,908			34		7,125		7,119			100		(6)			100		100		—		—		—		—
U.S. government agencies	6,630			164		7,199		6,780			94		(419)			42		100		—		—		—		—
Foreign covered bonds	6,137			55		6,489		6,317			97		(172)			57		100		—		—		—		—
Non-agency commercial MBS	3,012			55		3,245		2,997			92		(248)			53		100		—		—		—		—
Non-agency RMBS	1,763			47		1,909		1,766			92		(143)			46		85		3		—		6		6
Other asset-backed securities	922			21		1,026		943			92		(83)			18		100		—		—		—		—


Other debt securities	11			—		13		11			88		(2)			—		—		—		—		—		100
Total securities	$	124,249	(e)	$	2,871	$	130,256	$	123,295	(e)(f)	95	%	$	(6,961)	(e)(g)	44	%	99	%	1	%	—	%	—	%	—	%
(a) Amortized cost reflects historical impairments, and is net of allowance for credit losses.
(b) Includes the impact of hedges.
(c) Represents ratings by S&P, or the equivalent.
(d) Includes supranational securities.
(e) Includes net unrealized gains on derivatives hedging securities available-for-sale (including terminated hedges) of $2,820 million at Sept. 30, 2023 and $1,767 million at Dec. 31, 2023.
(f) The fair value of available-for-sale securities totaled $78,584 million at Dec. 31, 2023, net of hedges, or 64% of the fair value of the securities portfolio, net of hedges. The fair value of the held-to-maturity securities totaled $44,711 million at Dec. 31, 2023, or 36% of the fair value of the securities portfolio, net of hedges.
(g) At Dec. 31, 2023, includes pre-tax net unrealized losses of $2,094 million related to available-for-sale securities, net of hedges, and $4,867 million related to held-to-maturity securities. The after-tax unrealized losses, net of hedges, related to available-for-sale securities was $1,580 million and the after-tax equivalent related to held-to-maturity securities was $3,711 million.
Note: The amortizable purchase premium (net of discount) relating to securities was $821 million at Dec. 31, 2023 and the amortization of that net purchase premium was $38 million in 4Q23.


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

	2023												2022
(dollars in millions)	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
Allowance for credit losses – beginning of period:
Allowance for loan losses	$	211		$	191		$	170		$	176		$	164
Allowance for lending-related commitments	85			91			83			78			72
Allowance for other financial instruments (a)	29			41			67			38			44
Allowance for credit losses – beginning of period	$	325		$	323		$	320		$	292		$	280

Net (charge-offs) recoveries:
Charge-offs	—			(1)			(4)			—			(9)
Recoveries	5			—			2			1			1
Total net recoveries (charge-offs)	5			(1)			(2)			1			(8)
Provision for credit losses (b)	84			3			5			27			20
Allowance for credit losses – end of period	$	414		$	325		$	323		$	320		$	292

Allowance for credit losses – end of period:
Allowance for loan losses	$	303		$	211		$	191		$	170		$	176
Allowance for lending-related commitments	87			85			91			83			78
Allowance for other financial instruments (a)	24			29			41			67			38
Allowance for credit losses – end of period	$	414		$	325		$	323		$	320		$	292

Allowance for loan losses as a percentage of total loans	0.45		%	0.32		%	0.30		%	0.27		%	0.27		%

Nonperforming assets	$	237		$	48		$	88		$	105		$	109
(a) Includes allowance for credit losses on federal funds sold and securities purchased under resale agreements, available-for-sale securities, held-to-maturity securities, accounts receivable, cash and due from banks and interest-bearing deposits with banks.
(b) Includes all other instruments within the scope of ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments.


THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES

BNY Mellon has included in this Financial Supplement certain Non-GAAP financial measures on a tangible basis as a supplement to GAAP information, which exclude goodwill and intangible assets, net of deferred tax liabilities. We believe that the return on tangible common equity – Non-GAAP is additional useful information for investors because it presents a measure of those assets that can generate income, and the tangible book value per common share – Non-GAAP is additional useful information because it presents the level of tangible assets in relation to shares of common stock outstanding.

Net interest revenue, on a fully taxable equivalent ("FTE") basis – Non-GAAP and net interest margin (FTE) – Non-GAAP and other FTE measures include the tax equivalent adjustments on tax-exempt income which allows for the comparison of amounts arising from both taxable and tax-exempt sources and is consistent with industry practice. The adjustment to an FTE basis has no impact on net income.

BNY Mellon has also included the adjusted pre-tax operating margin – Non-GAAP, which is the pre-tax operating margin for the Investment and Wealth Management business segment, net of distribution and servicing expense that was passed to third parties who distribute or service our managed funds. We believe that this measure is useful when evaluating the performance of the Investment and Wealth Management business segment relative to industry competitors.

The presentation of the growth rates of investment management and performance fees on a constant currency basis permits investors to assess the significance of changes in foreign currency exchange rates. Growth rates on a constant currency basis were determined by applying the current period foreign currency exchange rates to the prior period revenue. We believe that this presentation, as a supplement to GAAP information, gives investors a clearer picture of the related revenue results without the variability caused by fluctuations in foreign currency exchange rates.

Notes:


Return on common and tangible common equity ratios are annualized.



Return on common equity and tangible common equity reconciliation
(dollars in millions)	4Q23			3Q23			2Q23			1Q23			4Q22			FY23			FY22
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	256		$	956		$	1,031		$	905		$	509		$	3,148		$	2,362
Add: Amortization of intangible assets	14			15			14			14			16			57			67
Less: Tax impact of amortization of intangible assets	4			3			4			3			4			14			16
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	266		$	968		$	1,041		$	916		$	521		$	3,191		$	2,413

Average common shareholders’ equity	$	36,158		$	35,983		$	35,769		$	35,604		$	35,259		$	35,880		$	36,175
Less: Average goodwill	16,199			16,237			16,219			16,160			16,229			16,204			17,060
Average intangible assets	2,858			2,875			2,888			2,899			2,905			2,880			2,939
Add: Deferred tax liability – tax deductible goodwill	1,205			1,197			1,193			1,187			1,181			1,205			1,181
Deferred tax liability – intangible assets	657			657			660			660			660			657			660
Average tangible common shareholders’ equity – Non-GAAP	$	18,963		$	18,725		$	18,515		$	18,392		$	17,966		$	18,658		$	18,017

Return on common equity – GAAP	2.8		%	10.5		%	11.6		%	10.3		%	5.7		%	8.8		%	6.5		%
Return on tangible common equity – Non-GAAP	5.6		%	20.5		%	22.6		%	20.2		%	11.5		%	17.1		%	13.4		%


THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Book value and tangible book value per common share reconciliation	2023												2022
(dollars in millions, except common shares and unless otherwise noted)	Dec. 31			Sept. 30			June 30			March 31			Dec. 31
BNY Mellon shareholders’ equity at period end – GAAP	$	40,971		$	40,966		$	40,933		$	40,634		$	40,734
Less: Preferred stock	4,343			4,838			4,838			4,838			4,838
BNY Mellon common shareholders’ equity at period end – GAAP	36,628			36,128			36,095			35,796			35,896
Less: Goodwill	16,261			16,159			16,246			16,192			16,150
Intangible assets	2,854			2,859			2,881			2,890			2,901
Add: Deferred tax liability – tax deductible goodwill	1,205			1,197			1,193			1,187			1,181
Deferred tax liability – intangible assets	657			657			660			660			660
BNY Mellon tangible common shareholders’ equity at period end – Non-GAAP	$	19,375		$	18,964		$	18,821		$	18,561		$	18,686

Period-end common shares outstanding (in thousands)	759,344			769,073			778,782			789,134			808,445

Book value per common share – GAAP	$	48.24		$	46.98		$	46.35		$	45.36		$	44.40
Tangible book value per common share – Non-GAAP	$	25.52		$	24.66		$	24.17		$	23.52		$	23.11



Net interest margin reconciliation
(dollars in millions)	4Q23			3Q23			2Q23			1Q23			4Q22
Net interest revenue – GAAP	$	1,101		$	1,016		$	1,100		$	1,128		$	1,056
Add: Tax equivalent adjustment	1			—			1			—			2
Net interest revenue (FTE) – Non-GAAP	$	1,102		$	1,016		$	1,101		$	1,128		$	1,058

Average interest-earning assets	$	344,174		$	339,044		$	362,049		$	348,378		$	352,987

Net interest margin – GAAP (a)	1.26		%	1.18		%	1.20		%	1.29		%	1.19		%
Net interest margin (FTE) – Non-GAAP (a)	1.26		%	1.18		%	1.20		%	1.29		%	1.19		%
(a) Net interest margin is annualized.


THE BANK OF NEW YORK MELLON CORPORATION
EXPLANATION OF GAAP AND NON-GAAP FINANCIAL MEASURES
Pre-tax operating margin reconciliation - Investment and Wealth Management business segment
(dollars in millions)	4Q23			3Q23			2Q23			1Q23			4Q22			FY23			FY22
(Loss) income before income taxes – GAAP	$	(5)		$	164		$	129		$	93		$	125		$	381		$	48

Total revenue – GAAP	$	676		$	827		$	813		$	827		$	825		$	3,143		$	3,550
Less: Distribution and servicing expense	89			87			93			86			87			355			345
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP	$	587		$	740		$	720		$	741		$	738		$	2,788		$	3,205

Pre-tax operating margin – GAAP (a)	(1)		%	20		%	16		%	11		%	15		%	12		%	1		%
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a)	(1)		%	22		%	18		%	13		%	17		%	14		%	2		%
(a) Income before income taxes divided by total revenue.



Constant currency reconciliations							4Q23 vs.
(dollars in millions)	4Q23			4Q22			4Q22
Consolidated:
Investment management and performance fees – GAAP	$	743		$	783		(5)		%
Impact of changes in foreign currency exchange rates	—			11
Adjusted investment management and performance fees – Non-GAAP	$	743		$	794		(6)		%


Investment and Wealth Management business segment:
Investment management and performance fees – GAAP	$	742		$	780		(5)		%
Impact of changes in foreign currency exchange rates	—			11
Adjusted investment management and performance fees – Non-GAAP	$	742		$	791		(6)		%


Table of Contents




Consolidated Results						Page
Consolidated Financial Highlights						3
Condensed Consolidated Income Statement						4
Condensed Consolidated Balance Sheet						5
Fee and Other Revenue						6
Average Balances and Interest Rates						7
Capital and Liquidity						8

Business Segment Results
Securities Services Business Segment						9
Market and Wealth Services Business Segment						11
Investment and Wealth Management Business Segment						13
AUM by Product Type, Changes in AUM and Wealth Management Client Assets						14
Other Segment						15

Other
Securities Portfolio						16
Allowance for Credit Losses and Nonperforming Assets						17

Supplemental Information
Explanation of GAAP and Non-GAAP Financial Measures						18


The Bank of New York Mellon Corporation

Financial Supplement

Fourth Quarter 2023