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Consolidated Income Statement (unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Fee and other revenue          
Investment services fees $ 2,206 $ 1,993 $ 2,076 $ 4,199 $ 4,132
Investment management and performance fees 833 883 889 1,716 1,779
Foreign exchange revenue 222 207 184 429 415
Financing-related fees 44 45 48 89 99
Distribution and servicing fees 34 30 27 64 56
Total fee revenue 3,339 3,158 3,224 6,497 6,481
Investment and other revenue 91 70 91 161 100
Total fee and other revenue 3,430 3,228 3,315 6,658 6,581
Net interest revenue          
Interest revenue 1,159 778 685 1,937 1,423
Interest expense 335 80 40 415 123
Net interest revenue 824 698 645 1,522 1,300
Total revenue 4,254 3,926 3,960 8,180 7,881
Provision for credit losses 47 2 (86) 49 (169)
Noninterest expense          
Staff 1,623 1,702 1,518 3,325 3,120
Software and equipment 405 399 365 804 727
Professional, legal and other purchased services 379 370 363 749 706
Net occupancy 125 122 122 247 245
Sub-custodian and clearing 131 118 132 249 256
Distribution and servicing 90 79 73 169 147
Business development 43 30 22 73 41
Bank assessment charges 37 35 35 72 69
Amortization of intangible assets 17 17 20 34 44
Other 262 134 128 396 274
Total noninterest expense 3,112 3,006 2,778 6,118 5,629
Income          
Income before income taxes 1,095 918 1,268 2,013 2,421
Provision for income taxes 231 153 241 384 462
Net income 864 765 1,027 1,629 1,959
Net loss (income) attributable to noncontrolling interests related to consolidated investment management funds 5 8 (5) 13 (10)
Net income applicable to shareholders of The Bank of New York Mellon Corporation 869 773 1,022 1,642 1,949
Preferred stock dividends (34) (74) (31) (108) (100)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation 835 699 991 1,534 1,849
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 835 699 991 1,534 1,849
Less: Earnings allocated to participating securities 0 0 1 0 2
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 $ 835 $ 699 $ 990 $ 1,534 $ 1,847
Average common shares and equivalents outstanding of The Bank of New York Mellon Corporation          
Basic (shares) 810,903 809,469 869,460 810,233 876,006
Common stock equivalents (shares) 2,834 4,878 4,315 3,915 3,904
Less: Participating securities (shares) (147) (361) (300) (254) (501)
Diluted (shares) 813,590 813,986 873,475 813,894 879,409
Anti-dilutive securities (shares) [1] 4,112 2,647 547 3,205 807
Earnings per share applicable to common shareholders of The Bank of New York Mellon Corporation          
Basic (usd per share) $ 1.03 $ 0.86 $ 1.14 $ 1.89 $ 2.11
Diluted (usd per share) $ 1.03 $ 0.86 $ 1.13 $ 1.88 $ 2.10
[1] 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.