XML 15 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Income Statement (unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Fee and other revenue          
Investment services fees $ 2,157,000,000 $ 2,206,000,000 $ 2,091,000,000 $ 6,356,000,000 $ 6,223,000,000
Investment management and performance fees 800,000,000 833,000,000 913,000,000 2,516,000,000 2,692,000,000
Foreign exchange revenue 203,000,000 222,000,000 185,000,000 632,000,000 600,000,000
Financing-related fees 43,000,000 44,000,000 48,000,000 132,000,000 147,000,000
Distribution and servicing fees 33,000,000 34,000,000 28,000,000 97,000,000 84,000,000
Total fee revenue 3,236,000,000 3,339,000,000 3,265,000,000 9,733,000,000 9,746,000,000
Investment and other revenue 117,000,000 91,000,000 129,000,000 278,000,000 229,000,000
Total fee and other revenue 3,353,000,000 3,430,000,000 3,394,000,000 10,011,000,000 9,975,000,000
Net interest revenue          
Interest revenue 1,984,000,000 1,159,000,000 693,000,000 3,921,000,000 2,116,000,000
Interest expense 1,058,000,000 335,000,000 52,000,000 1,473,000,000 175,000,000
Net interest revenue 926,000,000 824,000,000 641,000,000 2,448,000,000 1,941,000,000
Total revenue 4,279,000,000 4,254,000,000 4,035,000,000 12,459,000,000 11,916,000,000
Provision for credit losses (30,000,000) 47,000,000 (45,000,000) 19,000,000 (214,000,000)
Noninterest expense          
Staff 1,673,000,000 1,623,000,000 1,584,000,000 4,998,000,000 4,704,000,000
Software and equipment 421,000,000 405,000,000 372,000,000 1,225,000,000 1,099,000,000
Professional, legal and other purchased services 363,000,000 379,000,000 363,000,000 1,112,000,000 1,069,000,000
Sub-custodian and clearing 124,000,000 131,000,000 129,000,000 373,000,000 385,000,000
Net occupancy 124,000,000 125,000,000 120,000,000 371,000,000 365,000,000
Distribution and servicing 88,000,000 90,000,000 76,000,000 257,000,000 223,000,000
Bank assessment charges 35,000,000 37,000,000 34,000,000 107,000,000 103,000,000
Business development 34,000,000 43,000,000 22,000,000 107,000,000 63,000,000
Goodwill impairment 680,000,000 0 0 680,000,000 0
Amortization of intangible assets 17,000,000 17,000,000 19,000,000 51,000,000 63,000,000
Other 120,000,000 262,000,000 199,000,000 516,000,000 473,000,000
Total noninterest expense 3,679,000,000 3,112,000,000 2,918,000,000 9,797,000,000 8,547,000,000
Income          
Income before income taxes 630,000,000 1,095,000,000 1,162,000,000 2,643,000,000 3,583,000,000
Provision for income taxes 242,000,000 231,000,000 219,000,000 626,000,000 681,000,000
Net income 388,000,000 864,000,000 943,000,000 2,017,000,000 2,902,000,000
Net loss (income) attributable to noncontrolling interests related to consolidated investment management funds 0 5,000,000 4,000,000 13,000,000 (6,000,000)
Net income applicable to shareholders of The Bank of New York Mellon Corporation 388,000,000 869,000,000 947,000,000 2,030,000,000 2,896,000,000
Preferred stock dividends (69,000,000) (34,000,000) (66,000,000) (177,000,000) (166,000,000)
Net income applicable to common shareholders of The Bank of New York Mellon Corporation 319,000,000 835,000,000 881,000,000 1,853,000,000 2,730,000,000
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 319,000,000 835,000,000 881,000,000 1,853,000,000 2,730,000,000
Less: Earnings allocated to participating securities 0 0 0 0 2,000,000
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 $ 319,000,000 $ 835,000,000 $ 881,000,000 $ 1,853,000,000 $ 2,728,000,000
Average common shares and equivalents outstanding of The Bank of New York Mellon Corporation          
Basic (shares) 811,304 810,903 844,088 810,703 865,374
Common stock equivalents (shares) 3,311 2,834 5,297 3,713 4,401
Less: Participating securities (shares) (99) (147) (357) (202) (451)
Diluted (shares) 814,516 813,590 849,028 814,214 869,324
Anti-dilutive securities (shares) [1] 3,306 4,112 517 3,294 739
Earnings per share applicable to common shareholders of The Bank of New York Mellon Corporation          
Basic (usd per share) $ 0.39 $ 1.03 $ 1.04 $ 2.29 $ 3.15
Diluted (usd per share) $ 0.39 $ 1.03 $ 1.04 $ 2.28 $ 3.14
[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.