XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Income Statement (unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Fee and other revenue          
Asset servicing fees $ 1,223 $ 1,200 $ 1,168 $ 3,622 $ 3,500
Clearing services fees 423 435 397 1,313 1,298
Issuer services fees 280 281 295 806 835
Treasury services fees 165 160 152 482 445
Total investment services fees 2,091 2,076 2,012 6,223 6,078
Investment management and performance fees 913 889 835 2,692 2,483
Foreign exchange revenue 185 184 149 [1] 600 587 [1]
Financing-related fees 48 48 49 147 166
Distribution and servicing 28 27 29 84 87
Total fee revenue 3,265 3,224 3,074 [1] 9,746 9,401 [1]
Investment and other income 127 89 61 [1] 225 240 [1]
Net securities gains 2 2 9 4 27
Total other revenue 129 91 70 [1] 229 267 [1]
Total fee and other revenue 3,394 3,315 3,144 9,975 9,668
Net interest revenue          
Interest revenue 693 685 820 2,116 3,333
Interest expense 52 40 117 175 1,036
Net interest revenue 641 645 703 1,941 2,297
Total revenue 4,035 3,960 3,847 11,916 11,965
Provision for credit losses (45) (86) 9 (214) 321
Noninterest expense          
Staff 1,584 1,518 1,466 4,704 4,412
Software and equipment 372 365 340 1,099 1,011
Professional, legal and other purchased services 363 363 355 1,069 1,022
Sub-custodian and clearing 129 132 119 385 344
Net occupancy 120 122 136 365 408
Distribution and servicing 76 73 85 223 261
Bank assessment charges 34 35 30 103 100
Amortization of intangible assets 19 20 26 63 78
Business development 22 22 17 63 79
Other 199 128 107 473 364
Total noninterest expense 2,918 2,778 2,681 8,547 8,079
Income          
Income before income taxes 1,162 1,268 1,157 3,583 3,565
Provision for income taxes 219 241 213 681 694
Net income 943 1,027 944 2,902 2,871
Net loss (income) attributable to noncontrolling interests related to consolidated investment management funds 4 (5) (7) (6) (4)
Net income applicable to shareholders of The Bank of New York Mellon Corporation 947 1,022 937 2,896 2,867
Preferred stock dividends (66) (31) (61) (166) (146)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation 881 991 876 2,730 2,721
Net income applicable to common shareholders of The Bank of New York Mellon Corporation used for the earnings per share calculation          
Net income applicable to common shareholders of The Bank of New York Mellon Corporation 881 991 876 2,730 2,721
Less: Earnings allocated to participating securities 0 1 1 2 5
Net income applicable to common shareholders of The Bank of New York Mellon Corporation after required adjustment for the calculation of basic and diluted earnings per common share $ 881 $ 990 $ 875 $ 2,728 $ 2,716
Average common shares and equivalents outstanding of The Bank of New York Mellon Corporation          
Basic (shares) 844,088 869,460 889,499 865,374 891,050
Common stock equivalents (shares) 5,297 4,315 2,173 4,401 2,522
Less: Participating securities (shares) (357) (300) (603) (451) (779)
Diluted (shares) 849,028 873,475 891,069 869,324 892,793
Anti-dilutive securities (shares) [2] 517 547 1,485 739 1,828
Earnings per share applicable to common shareholders of The Bank of New York Mellon Corporation          
Basic (usd per share) $ 1.04 $ 1.14 $ 0.98 $ 3.15 $ 3.05
Diluted (usd per share) $ 1.04 $ 1.13 $ 0.98 $ 3.14 $ 3.04
[1] In the first quarter of 2021, we reclassified certain items within total revenue on the consolidated income statement and reclassified prior periods to be comparable with the current period presentation. See Note 1 of the Notes to Consolidated Financial Statements for additional information.
[2] Represents stock options, restricted stock, restricted stock units and participating securities outstanding but not included in the computation of diluted average common shares because their effect would be anti-dilutive.