The Bank of New York Mellon Corporation

Financial Supplement

Third Quarter 2023

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)																3Q23 vs.										YTD23 vs.
	3Q23			2Q23			1Q23			4Q22			3Q22			2Q23		3Q22		YTD23			YTD22			YTD22
Selected income statement data
Fee and other revenue	$	3,358		$	3,354		$	3,235		$	2,862		$	3,353		—	%	—	%	$	9,947		$	10,011		(1)	%
Net interest revenue	1,016			1,100			1,128			1,056			926			(8)		10		3,244			2,448			33
Total revenue	4,374			4,454			4,363			3,918			4,279			(2)		2		13,191			12,459			6
Provision for credit losses	3			5			27			20			(30)			N/M		N/M		35			19			N/M
Noninterest expense	3,089			3,111			3,100			3,213			3,679			(1)		(16)		9,300			9,797			(5)
Income before income taxes	1,282			1,338			1,236			685			630			(4)		103		3,856			2,643			46
Provision for income taxes	241			270			260			142			242			(11)		—		771			626			23
Net income	$	1,041		$	1,068		$	976		$	543		$	388		(3)	%	168	%	$	3,085		$	2,017		53	%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	956		$	1,031		$	905		$	509		$	319		(7)	%	200	%	$	2,892		$	1,853		56	%
Diluted earnings per common share	$	1.22		$	1.30		$	1.12		$	0.62		$	0.39		(6)	%	213	%	$	3.65		$	2.28		60	%
Average common shares and equivalents outstanding – diluted (in thousands)	781,781			790,725			807,718			815,846			814,516			(1)	%	(4)	%	793,364			814,214			(3)	%
Financial ratios(Returns are annualized)
Pre-tax operating margin	29		%	30		%	28		%	17		%	15		%					29		%	21		%
Return on common equity	10.5		%	11.6		%	10.3		%	5.7		%	3.5		%					10.8		%	6.8		%
Return on tangible common equity – Non-GAAP (a)	20.5		%	22.6		%	20.2		%	11.5		%	7.5		%					21.1		%	14.0		%
Non-U.S. revenue as a percentage of total revenue	36		%	37		%	35		%	39		%	35		%					36		%	35		%
Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)	$	45.7		$	46.9		$	46.6		$	44.3		$	42.2		(3)	%	8	%
Assets under management (“AUM”) (in trillions)	$	1.82		$	1.91		$	1.91		$	1.84		$	1.78		(4)	%	3	%
Full-time employees	53,600			53,200			51,600			51,700			51,100			1	%	5	%
Book value per common share	$	46.98		$	46.35		$	45.36		$	44.40		$	43.18
Tangible book value per common share – Non-GAAP (a)	$	24.66		$	24.17		$	23.52		$	23.11		$	21.55
Cash dividends per common share	$	0.42		$	0.37		$	0.37		$	0.37		$	0.37
Common dividend payout ratio	35		%	29		%	34		%	60		%	95		%
Closing stock price per common share	$	42.65		$	44.52		$	45.44		$	45.52		$	38.52
Market capitalization	$	32,801		$	34,671		$	35,858		$	36,800		$	31,135
Common shares outstanding (in thousands)	769,073			778,782			789,134			808,445			808,280
Capital ratios at period end(c)
Common Equity Tier 1 ("CET1") ratio	11.4		%	11.1		%	11.0		%	11.2		%	10.0		%
Tier 1 capital ratio	14.4		%	14.0		%	13.9		%	14.1		%	12.8		%
Total capital ratio	15.2		%	14.8		%	14.7		%	14.9		%	13.7		%
Tier 1 leverage ratio	6.1		%	5.7		%	5.8		%	5.8		%	5.4		%
Supplementary leverage ratio ("SLR")	7.2		%	7.0		%	6.9		%	6.8		%	6.3		%
(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 $1.5 trillion at Sept. 30, 2023, $1.6 trillion at June 30, 2023, $1.5 trillion at March 31, 2023 and Dec. 31, 2022 and $1.4 trillion at Sep. 30, 2022.
(c) Regulatory capital ratios for Sept. 30, 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 Sept. 30, 2023, June 30, 2023, March 31, 2023 and Dec. 31, 2022 was the Advanced Approaches, and for Sept. 30, 2022 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)											3Q23 vs.								YTD23 vs.
	3Q23		2Q23		1Q23		4Q22		3Q22		2Q23		3Q22		YTD23		YTD22		YTD22
Revenue
Investment services fees	$	2,230	$	2,252	$	2,119	$	2,173	$	2,157	(1)	%	3	%	$	6,601	$	6,356	4	%
Investment management and performance fees	777		762		776		783		800		2		(3)		2,315		2,516		(8)
Foreign exchange revenue	154		158		176		190		203		(3)		(24)		488		632		(23)
Financing-related fees	45		50		52		43		43		(10)		5		147		132		11
Distribution and servicing fees	39		35		33		33		33		11		18		107		97		10
Total fee revenue	3,245		3,257		3,156		3,222		3,236		—		—		9,658		9,733		(1)
Investment and other revenue	113		97		79		(360)		117		N/M		N/M		289		278		N/M
Total fee and other revenue	3,358		3,354		3,235		2,862		3,353		—		—		9,947		10,011		(1)
Net interest revenue	1,016		1,100		1,128		1,056		926		(8)		10		3,244		2,448		33
Total revenue	4,374		4,454		4,363		3,918		4,279		(2)		2		13,191		12,459		6
Provision for credit losses	3		5		27		20		(30)		N/M		N/M		35		19		N/M
Noninterest expense
Staff	1,755		1,718		1,791		1,802		1,673		2		5		5,264		4,998		5
Software and equipment	452		450		429		432		421		—		7		1,331		1,225		9
Professional, legal and other purchased services	368		378		375		415		363		(3)		1		1,121		1,112		1
Net occupancy	140		121		119		143		124		16		13		380		371		2
Sub-custodian and clearing	121		119		118		112		124		2		(2)		358		373		(4)
Distribution and servicing	87		93		85		86		88		(6)		(1)		265		257		3
Business development	36		47		39		45		34		(23)		6		122		107		14
Bank assessment charges	37		41		40		19		35		(10)		6		118		107		10
Goodwill impairment	—		—		—		—		680		N/M		N/M		—		680		N/M
Amortization of intangible assets	15		14		14		16		17		7		(12)		43		51		(16)
Other	78		130		90		143		120		(40)		(35)		298		516		(42)
Total noninterest expense	3,089		3,111		3,100		3,213		3,679		(1)		(16)		9,300		9,797		(5)
Income before income taxes	1,282		1,338		1,236		685		630		(4)		103		3,856		2,643		46
Provision for income taxes	241		270		260		142		242		(11)		—		771		626		23
Net income	1,041		1,068		976		543		388		(3)		168		3,085		2,017		53
Net (income) loss attributable to noncontrolling interests	(3)		(1)		—		—		—		N/M		N/M		(4)		13		N/M
Preferred stock dividends	(82)		(36)		(71)		(34)		(69)		N/M		N/M		(189)		(177)		N/M
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	956	$	1,031	$	905	$	509	$	319	(7)	%	200	%	$	2,892	$	1,853	56	%
Average common shares and equivalents outstanding: Basic	777,813		787,718		803,340		811,669		811,304		(1)	%	(4)	%	789,609		810,703		(3)	%
Diluted	781,781		790,725		807,718		815,846		814,516		(1)	%	(4)	%	793,364		814,214		(3)	%
Earnings per common share: Basic	$	1.23	$	1.31	$	1.13	$	0.63	$	0.39	(6)	%	215	%	$	3.66	$	2.29	60	%
Diluted	$	1.22	$	1.30	$	1.12	$	0.62	$	0.39	(6)	%	213	%	$	3.65	$	2.28	60	%
N/M – Not meaningful.

4

THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET
	2023						2022
(in millions)	Sept. 30		June 30		March 31		Dec. 31		Sept. 30
Assets
Cash and due from banks	$	4,904	$	5,720	$	5,564	$	5,030	$	4,707
Interest-bearing deposits with the Federal Reserve and other central banks	107,419		118,908		117,042		91,655		107,427
Interest-bearing deposits with banks	12,999		12,316		15,114		17,169		13,890
Federal funds sold and securities purchased under resale agreements	26,299		35,378		26,894		24,298		23,483
Securities	128,225		134,233		138,678		142,816		144,181
Trading assets	10,699		10,562		9,024		9,908		12,650
Loans	66,290		64,469		62,323		66,063		69,829
Allowance for loan losses	(211)		(191)		(170)		(176)		(164)
Net loans	66,079		64,278		62,153		65,887		69,665
Premises and equipment	3,234		3,241		3,248		3,256		3,311
Accrued interest receivable	1,141		963		978		858		723
Goodwill	16,159		16,246		16,192		16,150		16,412
Intangible assets	2,859		2,881		2,890		2,901		2,902
Other assets	25,231		25,656		27,335		25,855		28,602
Total assets	$	405,248	$	430,382	$	425,112	$	405,783	$	427,953
Liabilities
Deposits	$	277,467	$	292,045	$	281,294	$	278,970	$	301,989
Federal funds purchased and securities sold under repurchase agreements	14,771		21,285		26,540		12,335		11,339
Trading liabilities	7,358		6,319		5,705		5,385		7,494
Payables to customers and broker-dealers	17,441		21,084		22,598		23,435		23,741
Other borrowed funds	728		1,371		2,538		397		357
Accrued taxes and other expenses	5,389		5,160		4,732		5,410		5,316
Other liabilities	11,758		9,553		10,414		8,543		10,001
Long-term debt	29,205		32,463		30,489		30,458		27,820
Total liabilities	364,117		389,280		384,310		364,933		388,057
Temporary equity
Redeemable noncontrolling interests	109		104		96		109		152
Permanent equity
Preferred stock	4,838		4,838		4,838		4,838		4,838
Common stock	14		14		14		14		14
Additional paid-in capital	28,793		28,726		28,650		28,508		28,374
Retained earnings	39,822		39,199		38,465		37,864		37,660
Accumulated other comprehensive loss, net of tax	(5,805)		(5,602)		(5,543)		(5,966)		(6,627)
Less: Treasury stock, at cost	(26,696)		(26,242)		(25,790)		(24,524)		(24,522)
Total The Bank of New York Mellon Corporation shareholders’ equity	40,966		40,933		40,634		40,734		39,737
Nonredeemable noncontrolling interests of consolidated investment management funds	56		65		72		7		7
Total permanent equity	41,022		40,998		40,706		40,741		39,744
Total liabilities, temporary equity and permanent equity	$	405,248	$	430,382	$	425,112	$	405,783	$	427,953

5

THE BANK OF NEW YORK MELLON CORPORATION
FEE AND OTHER REVENUE
											3Q23 vs.								YTD23 vs.
(dollars in millions)	3Q23		2Q23		1Q23		4Q22		3Q22		2Q23		3Q22		YTD23		YTD22		YTD22
Investment services fees	$	2,230	$	2,252	$	2,119	$	2,173	$	2,157	(1)	%	3	%	$	6,601	$	6,356	4	%
Investment management and performance fees:
Investment management fees (a)	747		752		754		757		790		(1)		(5)		2,253		2,467		(9)
Performance fees	30		10		22		26		10		N/M		N/M		62		49		27
Total investment management and performance fees(b)	777		762		776		783		800		2		(3)		2,315		2,516		(8)
Foreign exchange revenue	154		158		176		190		203		(3)		(24)		488		632		(23)
Financing-related fees	45		50		52		43		43		(10)		5		147		132		11
Distribution and servicing fees	39		35		33		33		33		11		18		107		97		10
Total fee revenue	3,245		3,257		3,156		3,222		3,236		—		—		9,658		9,733		(1)
Investment and other revenue:
(Loss) income from consolidated investment management funds	(11)		10		5		9		(7)		N/M		N/M		4		(51)		N/M
Seed capital (losses) gains (c)	(4)		7		8		6		(11)		N/M		N/M		11		(43)		N/M
Other trading revenue	86		53		45		34		65		N/M		N/M		184		115		N/M
Renewable energy investment (losses)	(45)		(45)		(32)		(32)		(44)		N/M		N/M		(122)		(132)		N/M
Corporate/bank-owned life insurance	29		23		27		35		32		N/M		N/M		79		93		N/M
Other investments (losses) gains (d)	(9)		10		(9)		7		13		N/M		N/M		(8)		152		N/M
Disposal gains (losses)	2		(1)		(1)		(11)		37		N/M		N/M		—		37		N/M
Expense reimbursements from joint venture	29		31		29		28		27		N/M		N/M		89		80		N/M
Other income	55		9		8		12		4		N/M		N/M		72		22		N/M
Net securities (losses) gains	(19)		—		(1)		(448)		1		N/M		N/M		(20)		5		N/M
Total investment and other revenue	113		97		79		(360)		117		N/M		N/M		289		278		N/M
Total fee and other revenue	$	3,358	$	3,354	$	3,235	$	2,862	$	3,353	—	%	—	%	$	9,947	$	10,011	(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 decreased 5% compared with 3Q22. 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
	3Q23					2Q23					1Q23					4Q22					3Q22
	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	$	98,767	4.57	%		$	114,578	4.29	%		$	94,899	3.59	%		$	94,868	2.60	%		$	91,836	1.23	%
Interest-bearing deposits with banks	12,287		4.04			13,919		3.68			16,225		3.51			15,750		2.70			16,298		1.62
Federal funds sold and securities purchased under resale agreements	26,915		30.47		(a)	26,989		26.38		(a)	24,631		16.32		(a)	25,657		11.22		(a)	22,971		5.55		(a)
Loans	63,962		6.39			63,459		6.05			63,261		5.54			67,364		4.65			68,082		3.39
Securities:
U.S. government obligations	32,224		3.08			34,147		2.90			38,852		2.89			39,382		2.46			40,829		1.75
U.S. government agency obligations	59,481		2.87			61,565		2.78			62,280		2.60			61,426		2.30			62,819		1.91
State and political subdivisions (b)	13		4.42			13		4.45			23		7.07			1,178		2.77			1,982		2.39
Other securities (b)	39,861		3.93			40,976		3.59			42,429		3.21			41,732		2.66			42,642		1.90
Total investment securities (b)	131,579		3.24			136,701		3.05			143,584		2.86			143,718		2.45			148,272		1.87
Trading securities (b)	5,534		5.49			6,403		5.02			5,778		4.97			5,630		4.51			4,603		3.06
Total securities (b)	137,113		3.33			143,104		3.14			149,362		2.94			149,348		2.53			152,875		1.91
Total interest-earning assets (b)	$	339,044	6.45	%		$	362,049	5.77	%		$	348,378	4.56	%		$	352,987	3.59	%		$	352,062	2.24	%
Noninterest-earning assets	58,448					59,125					59,123					61,532					63,608
Total assets	$	397,492				$	421,174				$	407,501				$	414,519				$	415,670
Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits	$	209,641	3.62	%		$	215,057	3.24	%		$	204,114	2.71	%		$	207,875	2.00	%		$	203,659	0.95	%
Federal funds purchased and securities sold under repurchase agreements	21,512		36.07		(a)	26,282		26.39		(a)	18,316		19.75		(a)	13,985		16.88		(a)	12,297		8.05		(a)
Trading liabilities	3,959		4.80			3,893		4.46			3,025		4.05			3,572		3.45			3,550		2.52
Other borrowed funds	540		4.47			2,702		4.60			711		1.75			619		1.69			504		1.15
Commercial paper	7		4.13			5		5.11			—		—			6		3.87			5		2.34
Payables to customers and broker-dealers	13,515		4.30			14,801		3.85			16,954		3.08			17,147		2.27			18,030		1.07
Long-term debt	31,161		5.52			31,970		5.45			30,246		5.22			29,508		4.90			28,449		3.43
Total interest-bearing liabilities	$	280,335	6.37	%		$	294,710	5.61	%		$	273,366	4.17	%		$	272,712	3.11	%		$	266,494	1.57	%
Total noninterest-bearing deposits	52,467					62,152					69,886					75,862					84,804
Other noninterest-bearing liabilities	23,790					23,625					23,789					25,810					23,547
Total The Bank of New York Mellon Corporation shareholders’ equity	40,821					40,607					40,442					40,097					40,780
Noncontrolling interests	79					80					18					38					45
Total liabilities and equity	$	397,492				$	421,174				$	407,501				$	414,519				$	415,670
Net interest margin			1.18	%				1.20	%				1.29	%				1.19	%				1.05	%
Net interest margin (FTE) – Non-GAAP (c)			1.18	%				1.20	%				1.29	%				1.19	%				1.05	%
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $126 billion for 3Q23, $113 billion for 2Q23, $62 billion for 1Q23, $51 billion for 4Q22 and $35 billion for 3Q22. 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 5.36% for 3Q23, 5.10% for 2Q23, 4.62% for 1Q23, 3.76% for 4Q22 and 2.21% for 3Q22. 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 5.26% for 3Q23, 4.99% for 2Q23, 4.49% for 1Q23, 3.63% for 4Q22 and 2.11% for 3Q22. 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
	2023									2022
(dollars in millions)	Sept. 30			June 30			March 31			Dec. 31				Sept. 30
Consolidated regulatory capital ratios (a)
Standardized Approach:
CET1 capital	$	18,264		$	18,127		$	17,876		$	18,032			$	16,726
Tier 1 capital	23,093			22,957			22,710			22,856				21,495
Total capital	24,660			24,522			24,276			24,384				23,008
Risk-weighted assets	152,251			153,359			157,399			159,096				167,457
CET1 ratio	12.0		%	11.8		%	11.4		%	11.3		%		10.0		%
Tier 1 capital ratio	15.2			15.0			14.4			14.4				12.8
Total capital ratio	16.2			16.0			15.4			15.3				13.7
Advanced Approaches:
CET1 capital	$	18,264		$	18,127		$	17,876		$	18,032			$	16,726
Tier 1 capital	23,093			22,957			22,710			22,856				21,495
Total capital	24,412			24,260			24,005			24,143				22,762
Risk-weighted assets	160,464			163,536			162,905			161,672				165,893
CET1 ratio	11.4		%	11.1		%	11.0		%	11.2		%		10.1		%
Tier 1 capital ratio	14.4			14.0			13.9			14.1				13.0
Total capital ratio	15.2			14.8			14.7			14.9				13.7
Tier 1 leverage ratio (a):
Average assets for Tier 1 leverage ratio	$	379,630		$	403,206		$	389,581		$	396,643			$	397,428
Tier 1 leverage ratio	6.1		%	5.7		%	5.8		%	5.8		%		5.4		%
SLR (a):
Leverage exposure	$	320,060		$	326,215		$	330,501		$	336,049			$	340,055
SLR	7.2		%	7.0		%	6.9		%	6.8		%		6.3		%
Average liquidity coverage ratio (a)	121		%	120		%	118		%	118		%		116		%
Average net stable funding ratio (a)	136		%	136		%	132		%	N/A			(b)	N/A			(b)
(a) Regulatory capital and liquidity ratios for Sept. 30, 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 Sept. 30, 2023, June 30, 2023, March 31, 2023 and Dec. 31, 2022 was the Advanced Approaches, and for Sept. 30, 2022 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio.
(b) The reporting requirement for the average net stable funding ratio became effective in 2Q23, inclusive of reporting the average 1Q23 ratio.

8

THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT
																3Q23 vs.										YTD23 vs.
(dollars in millions)	3Q23			2Q23			1Q23			4Q22			3Q22			2Q23		3Q22		YTD23			YTD22			YTD22
Revenue:
Investment services fees:
Asset Servicing	$	984		$	991		$	948		$	971		$	953		(1)	%	3	%	$	2,923		$	2,947		(1)	%
Issuer Services	281			319			236			271			288			(12)		(2)		836			738			13
Total investment services fees	1,265			1,310			1,184			1,242			1,241			(3)		2		3,759			3,685			2
Foreign exchange revenue	107			124			139			149			132			(14)		(19)		370			435			(15)
Other fees (a)	52			54			55			55			52			(4)		—		161			147			10
Total fee revenue	1,424			1,488			1,378			1,446			1,425			(4)		—		4,290			4,267			1
Investment and other revenue	65			84			72			70			111			N/M		N/M		221			221			N/M
Total fee and other revenue	1,489			1,572			1,450			1,516			1,536			(5)		(3)		4,511			4,488			1
Net interest revenue	600			668			666			656			538			(10)		12		1,934			1,372			41
Total revenue	2,089			2,240			2,116			2,172			2,074			(7)		1		6,445			5,860			10
Provision for credit losses	19			16			—			11			(6)			N/M		N/M		35			(3)			N/M
Noninterest expense (ex. amortization of intangible assets)	1,577			1,575			1,548			1,568			1,549			—		2		4,700			4,698			—
Amortization of intangible assets	8			7			8			8			8			14		—		23			25			(8)
Total noninterest expense	1,585			1,582			1,556			1,576			1,557			—		2		4,723			4,723			—
Income before income taxes	$	485		$	642		$	560		$	585		$	523		(24)	%	(7)	%	$	1,687		$	1,140		48	%
Total revenue by line of business:
Asset Servicing	$	1,593		$	1,706		$	1,664		$	1,681		$	1,596		(7)	%	—	%	$	4,963		$	4,642		7	%
Issuer Services	496			534			452			491			478			(7)		4		1,482			1,218			22
Total revenue by line of business	$	2,089		$	2,240		$	2,116		$	2,172		$	2,074		(7)	%	1	%	$	6,445		$	5,860		10	%
Financial ratios:
Pre-tax operating margin	23		%	29		%	26		%	27		%	25		%					26		%	19		%
Memo: Securities lending revenue (b)	$	46		$	47		$	48		$	50		$	48		(2)	%	(4)	%	$	141		$	132		7	%
(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
											3Q23 vs.								YTD23 vs.
(dollars in millions, unless otherwise noted)	3Q23		2Q23		1Q23		4Q22		3Q22		2Q23		3Q22		YTD23		YTD22		YTD22
Selected balance sheet data:
Average loans	$	11,236	$	11,283	$	10,939	$	11,850	$	11,573	—	%	(3)	%	$	11,154	$	11,042	1	%
Average assets (a)	$	190,964	$	202,207	$	196,560	$	206,810	$	203,063	(6)	%	(6)	%	$	196,556	$	214,518	(8)	%
Average deposits	$	162,509	$	172,863	$	167,209	$	176,541	$	176,328	(6)	%	(8)	%	$	167,510	$	186,500	(10)	%
Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	32.3	$	33.2	$	32.6	$	31.4	$	30.0	(3)	%	8	%
Market value of securities on loan at period end (in billions) (d)	$	406	$	415	$	441	$	449	$	435	(2)	%	(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) Sept. 30, 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 $1.5 trillion at Sept. 30, 2023, $1.6 trillion at June 30, 2023, $1.5 trillion at March 31, 2023 and Dec. 31, 2022 and $1.4 trillion at Sept. 30, 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 Sept. 30, 2023, $66 billion at June 30, 2023, $69 billion at March 31, 2023, $68 billion at Dec. 31, 2022 and $75 billion at Sept. 30, 2022.

10

THE BANK OF NEW YORK MELLON CORPORATION
MARKET AND WEALTH SERVICES BUSINESS SEGMENT
																3Q23 vs.										YTD23 vs.
(dollars in millions)	3Q23			2Q23			1Q23			4Q22			3Q22			2Q23		3Q22		YTD23			YTD22			YTD22
Revenue:
Investment services fees:
Pershing	$	506		$	496		$	499		$	502		$	494		2	%	2	%	$	1,501		$	1,406		7	%
Treasury Services	172			172			168			170			173			—		(1)		512			519			(1)
Clearance and Collateral Management	277			265			260			249			239			5		16		802			722			11
Total investment services fees	955			933			927			921			906			2		5		2,815			2,647			6
Foreign exchange revenue	21			21			18			20			20			—		5		60			68			(12)
Other fees (a)	51			55			54			47			49			(7)		4		160			129			24
Total fee revenue	1,027			1,009			999			988			975			2		5		3,035			2,844			7
Investment and other revenue	16			16			15			15			14			N/M		N/M		47			25			N/M
Total fee and other revenue	1,043			1,025			1,014			1,003			989			2		5		3,082			2,869			7
Net interest revenue	402			420			453			396			378			(4)		6		1,275			1,014			26
Total revenue	1,445			1,445			1,467			1,399			1,367			—		6		4,357			3,883			12
Provision for credit losses	6			7			—			6			(1)			N/M		N/M		13			1			N/M
Noninterest expense (ex. amortization of intangible assets)	806			779			768			783			735			3		10		2,353			2,141			10
Amortization of intangible assets	2			2			1			2			2			—		—		5			6			(17)
Total noninterest expense	808			781			769			785			737			3		10		2,358			2,147			10
Income before income taxes	$	631		$	657		$	698		$	608		$	631		(4)	%	—	%	$	1,986		$	1,735		14	%
Total revenue by line of business:
Pershing	$	699		$	686		$	693		$	673		$	658		2	%	6	%	$	2,078		$	1,864		11	%
Treasury Services	389			402			412			382			390			(3)		—		1,203			1,101			9
Clearance and Collateral Management	357			357			362			344			319			—		12		1,076			918			17
Total revenue by line of business	$	1,445		$	1,445		$	1,467		$	1,399		$	1,367		—	%	6	%	$	4,357		$	3,883		12	%
Financial ratios:
Pre-tax operating margin	44		%	46		%	48		%	43		%	46		%					46		%	45		%
(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
											3Q23 vs.								YTD23 vs.
(dollars in millions, unless otherwise noted)	3Q23		2Q23		1Q23		4Q22		3Q22		2Q23		3Q22		YTD23		YTD22		YTD22
Selected balance sheet data:
Average loans	$	37,496	$	36,432	$	36,854	$	39,843	$	40,882	3	%	(8)	%	$	36,930	$	41,791	(12)	%
Average assets (a)	$	129,804	$	131,657	$	132,143	$	132,306	$	138,204	(1)	%	(6)	%	$	131,193	$	140,435	(7)	%
Average deposits	$	84,000	$	85,407	$	86,040	$	86,083	$	90,612	(2)	%	(7)	%	$	85,141	$	93,658	(9)	%
Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	13.1	$	13.4	$	13.7	$	12.7	$	12.0	(2)	%	9	%
Pershing
AUC/A at period end (in trillions) (b)	$	2.4	$	2.4	$	2.4	$	2.3	$	2.1	—	%	14	%
Net new assets (U.S. platform) (in billions)(d)	$	23	$	(34)	$	37	$	42	$	45	N/M		N/M
Average active clearing accounts (in thousands)	7,979		7,946		7,849		7,603		7,466		—	%	7	%
Treasury Services
Average daily U.S. dollar payment volumes	233,620		233,931		236,322		246,189		234,468		—	%	—	%
Clearance and Collateral Management
Average tri-party collateral management balances (in billions)	$	5,706	$	6,044	$	5,626	$	5,451	$	5,457	(6)	%	5	%
(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) Sept. 30, 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.

12

THE BANK OF NEW YORK MELLON CORPORATION
INVESTMENT AND WEALTH MANAGEMENT BUSINESS SEGMENT
																3Q23 vs.										YTD23 vs.
(dollars in millions)	3Q23			2Q23			1Q23			4Q22			3Q22			2Q23		3Q22		YTD23			YTD22			YTD22
Revenue:
Investment management fees	$	746		$	750		$	752		$	754		$	788		(1)	%	(5)	%	$	2,248		$	2,461		(9)	%
Performance fees	30			10			22			26			10			N/M		N/M		62			49			27
Investment management and performance fees (a)	776			760			774			780			798			2		(3)		2,310			2,510			(8)
Distribution and servicing fees	62			58			55			54			55			7		13		175			138			27
Other fees (b)	(50)			(56)			(53)			(58)			(45)			N/M		N/M		(159)			(75)			N/M
Total fee revenue	788			762			776			776			808			3		(2)		2,326			2,573			(10)
Investment and other revenue (c)	1			12			6			(3)			(3)			N/M		N/M		19			(24)			N/M
Total fee and other revenue (c)	789			774			782			773			805			2		(2)		2,345			2,549			(8)
Net interest revenue	38			39			45			52			57			(3)		(33)		122			176			(31)
Total revenue	827			813			827			825			862			2		(4)		2,467			2,725			(9)
Provision for credit losses	(9)			7			—			1			3			N/M		N/M		(2)			—			N/M
Noninterest expense (ex. goodwill impairment and amortization of intangible assets)	667			672			729			693			669			(1)		—		2,068			2,102			(2)
Goodwill impairment	—			—			—			—			680			N/M		N/M		—			680			N/M
Amortization of intangible assets	5			5			5			6			7			—		(29)		15			20			(25)
Total noninterest expense	672			677			734			699			1,356			(1)		(50)		2,083			2,802			(26)
Income (loss) before income taxes	$	164		$	129		$	93		$	125		$	(497)		27	%	N/M		$	386		$	(77)		N/M
Total revenue by line of business:
Investment Management	$	557		$	546		$	557		$	550		$	579		2	%	(4)	%	$	1,660		$	1,840		(10)	%
Wealth Management	270			267			270			275			283			1		(5)		807			885			(9)
Total revenue by line of business	$	827		$	813		$	827		$	825		$	862		2	%	(4)	%	$	2,467		$	2,725		(9)	%
Financial ratios:
Pre-tax operating margin	20		%	16		%	11		%	15		%	(57)		%					16		%	(3)		%
Adjusted pre-tax operating margin – Non-GAAP (d)	22		%	18		%	13		%	17		%	(64)		%					18		%	(3)		%
Selected balance sheet data:
Average loans	$	13,519		$	13,995		$	13,960		$	14,404		$	14,482		(3)	%	(7)	%	$	13,823		$	13,937		(1)	%
Average assets (e)	$	26,531		$	27,260		$	28,232		$	28,488		$	29,996		(3)	%	(12)	%	$	26,968		$	33,077		(18)	%
Average deposits	$	13,578		$	15,410		$	16,144		$	16,416		$	17,225		(12)	%	(21)	%	$	15,035		$	20,157		(25)	%
(a) On a constant currency basis, investment management and performance fees decreased 5% (Non-GAAP) compared with 3Q22. 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
											3Q23 vs.								YTD23 vs.
(dollars in billions)	3Q23		2Q23		1Q23		4Q22		3Q22		2Q23		3Q22		YTD23		YTD22		YTD22
AUM by product type (a)(b):
Equity	$	133	$	145	$	142	$	135	$	125	(8)	%	6	%
Fixed income	190		203		207		198		205		(6)		(7)
Index	425		440		408		395		366		(3)		16
Liability-driven investments	534		579		604		570		546		(8)		(2)
Multi-asset and alternative investments	156		162		161		153		181		(4)		(14)
Cash	383		377		386		385		353		2		8
Total AUM	$	1,821	$	1,906	$	1,908	$	1,836	$	1,776	(4)	%	3	%
Changes in AUM (a)(b):
Beginning balance of AUM	$	1,906	$	1,908	$	1,836	$	1,776	$	1,937					$	1,836	$	2,434
Net inflows (outflows):
Long-term strategies:
Equity	(3)		(3)		(4)		(5)		(5)						(10)		(13)
Fixed income	(7)		(4)		4		(12)		(3)						(7)		(9)
Liability-driven investments	1		(3)		10		19		30						8		59
Multi-asset and alternative investments	(4)		(1)		(3)		(4)		2						(8)		(7)
Total long-term active strategies (outflows) inflows	(13)		(11)		7		(2)		24						(17)		30
Index	(2)		2		(2)		(4)		(1)						(2)		6
Total long-term strategies (outflows) inflows	(15)		(9)		5		(6)		23						(19)		36
Short-term strategies:
Cash	7		(9)		—		27		(2)						(2)		(39)
Total net (outflows) inflows	(8)		(18)		5		21		21						(21)		(3)
Net market impact	(50)		(3)		52		18		(118)						(1)		(489)
Net currency impact	(27)		19		15		53		(64)						7		(166)
Divestiture	—		—		—		(32)		—						—		—
Ending balance of AUM	$	1,821	$	1,906	$	1,908	$	1,836	$	1,776	(4)	%	3	%	$	1,821	$	1,776	3	%
Wealth Management client assets (a)(c)	$	292	$	286	$	279	$	269	$	256	2	%	14	%
(a) Sept. 30, 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.

14

THE BANK OF NEW YORK MELLON CORPORATION
OTHER SEGMENT
(in millions)	3Q23		2Q23		1Q23		4Q22		3Q22		YTD23		YTD22
Revenue:
Fee revenue	$	6	$	(2)	$	3	$	12	$	28	$	7	$	49
Investment and other revenue	28		(16)		(14)		(442)		(5)		(2)		69
Total fee and other revenue	34		(18)		(11)		(430)		23		5		118
Net interest (expense)	(24)		(27)		(36)		(48)		(47)		(87)		(114)
Total revenue	10		(45)		(47)		(478)		(24)		(82)		4
Provision for credit losses	(13)		(25)		27		2		(26)		(11)		21
Noninterest expense	24		71		41		153		29		136		125
(Loss) before income taxes	$	(1)	$	(91)	$	(115)	$	(633)	$	(27)	$	(207)	$	(142)
Selected balance sheet data:
Average loans and leases	$	1,711	$	1,749	$	1,508	$	1,267	$	1,145	$	1,656	$	1,210
Average assets	$	50,193	$	60,050	$	50,566	$	46,915	$	44,407	$	53,968	$	43,044

15

THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES PORTFOLIO
(dollars in millions)	June 30, 2023			3Q23 change in unrealized gain (loss)		Sept. 30, 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	$	38,052		$	(961)	$	41,341	$	35,850		87	%	$	(5,491)		18	%	100	%	—	%	—	%	—	%	—	%
U.S. Treasury	33,818			18		32,689		31,439			96		(1,250)			59		100		—		—		—		—
Agency commercial MBS	11,441			(64)		11,739		10,927			93		(812)			45		100		—		—		—		—
Sovereign debt/sovereign guaranteed	10,662			75		10,648		10,168			95		(480)			28		90		5		4		1		—
Supranational	8,742			24		8,498		8,239			97		(259)			65		100		—		—		—		—
CLOs	6,765			48		6,948		6,908			99		(40)			100		100		—		—		—		—
U.S. government agencies	6,745			(66)		7,213		6,630			92		(583)			43		100		—		—		—		—
Foreign covered bonds	6,133			22		6,364		6,137			96		(227)			59		100		—		—		—		—
Non-agency commercial MBS	3,031			(6)		3,315		3,012			91		(303)			55		100		—		—		—		—
Foreign government agencies/ local government	2,380			29		2,334		2,243			96		(91)			40		92		8		—		—		—
Non-agency RMBS	1,895			(27)		1,953		1,763			90		(190)			47		85		3		—		6		6
Other asset-backed securities	1,043			6		1,026		922			90		(104)			14		100		—		—		—		—
State and political subdivisions	11			(1)		12		10			85		(2)			—		—		—		3		—		97
Other	1			—		1		1			100		—			—		—		—		—		—		100
Total securities	$	130,719	(d)	$	(903)	$	134,081	$	124,249	(d)(e)	93	%	$	(9,832)	(d)(f)	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 net unrealized gains on derivatives hedging securities available-for-sale (including terminated hedges) of $2,406 million at June 30, 2023 and $2,820 million at Sept. 30, 2023.
(e) The fair value of available-for-sale securities totaled $80,038 million at Sept. 30, 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 $44,211 million at Sept. 30, 2023, or 36% of the fair value of the securities portfolio, net of hedges.
(f) At Sept. 30, 2023, includes pre-tax net unrealized losses of $3,036 million related to available-for-sale securities, net of hedges, and $6,796 million related to held-to-maturity securities. The after-tax unrealized losses, net of hedges, related to available-for-sale securities was $2,293 million and the after-tax equivalent related to held-to-maturity securities was $5,182 million.
Note: The amortizable purchase premium (net of discount) relating to securities was $973 million at Sept. 30, 2023 and the amortization of that net purchase premium was $45 million in 3Q23.

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THE BANK OF NEW YORK MELLON CORPORATION
ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS
	2023									2022
(dollars in millions)	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
Allowance for credit losses – beginning of period:
Allowance for loan losses	$	191		$	170		$	176		$	164		$	181
Allowance for lending-related commitments	91			83			78			72			62
Allowance for other financial instruments (a)	41			67			38			44			67
Allowance for credit losses – beginning of period	$	323		$	320		$	292		$	280		$	310
Net (charge-offs) recoveries:
Charge-offs	(1)			(4)			—			(9)			(1)
Recoveries	—			2			1			1			1
Total net (charge-offs) recoveries	(1)			(2)			1			(8)			—
Provision for credit losses(b)	3			5			27			20			(30)
Allowance for credit losses – end of period	$	325		$	323		$	320		$	292		$	280
Allowance for credit losses – end 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 – end of period	$	325		$	323		$	320		$	292		$	280
Allowance for loan losses as a percentage of total loans	0.32		%	0.30		%	0.27		%	0.27		%	0.23		%
Nonperforming assets	$	48		$	88		$	105		$	109		$	107
(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.

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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)	3Q23			2Q23			1Q23			4Q22			3Q22			YTD23			YTD22
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	956		$	1,031		$	905		$	509		$	319		$	2,892		$	1,853
Add: Amortization of intangible assets	15			14			14			16			17			43			51
Less: Tax impact of amortization of intangible assets	3			4			3			4			4			10			12
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	968		$	1,041		$	916		$	521		$	332		$	2,925		$	1,892
Average common shareholders’ equity	$	35,983		$	35,769		$	35,604		$	35,259		$	35,942		$	35,787		$	36,483
Less: Average goodwill	16,237			16,219			16,160			16,229			17,189			16,206			17,341
Average intangible assets	2,875			2,888			2,899			2,905			2,922			2,887			2,950
Add: Deferred tax liability – tax deductible goodwill	1,197			1,193			1,187			1,181			1,175			1,197			1,175
Deferred tax liability – intangible assets	657			660			660			660			660			657			660
Average tangible common shareholders’ equity – Non-GAAP	$	18,725		$	18,515		$	18,392		$	17,966		$	17,666		$	18,548		$	18,027
Return on common equity – GAAP	10.5		%	11.6		%	10.3		%	5.7		%	3.5		%	10.8		%	6.8		%
Return on tangible common equity – Non-GAAP	20.5		%	22.6		%	20.2		%	11.5		%	7.5		%	21.1		%	14.0		%

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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)	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
BNY Mellon shareholders’ equity at period end – GAAP	$	40,966		$	40,933		$	40,634		$	40,734		$	39,737
Less: Preferred stock	4,838			4,838			4,838			4,838			4,838
BNY Mellon common shareholders’ equity at period end – GAAP	36,128			36,095			35,796			35,896			34,899
Less: Goodwill	16,159			16,246			16,192			16,150			16,412
Intangible assets	2,859			2,881			2,890			2,901			2,902
Add: Deferred tax liability – tax deductible goodwill	1,197			1,193			1,187			1,181			1,175
Deferred tax liability – intangible assets	657			660			660			660			660
BNY Mellon tangible common shareholders’ equity at period end – Non-GAAP	$	18,964		$	18,821		$	18,561		$	18,686		$	17,420
Period-end common shares outstanding (in thousands)	769,073			778,782			789,134			808,445			808,280
Book value per common share – GAAP	$	46.98		$	46.35		$	45.36		$	44.40		$	43.18
Tangible book value per common share – Non-GAAP	$	24.66		$	24.17		$	23.52		$	23.11		$	21.55
Net interest margin reconciliation
(dollars in millions)	3Q23			2Q23			1Q23			4Q22			3Q22
Net interest revenue – GAAP	$	1,016		$	1,100		$	1,128		$	1,056		$	926
Add: Tax equivalent adjustment	—			1			—			2			3
Net interest revenue (FTE) – Non-GAAP	$	1,016		$	1,101		$	1,128		$	1,058		$	929
Average interest-earning assets	$	339,044		$	362,049		$	348,378		$	352,987		$	352,062
Net interest margin – GAAP (a)	1.18		%	1.20		%	1.29		%	1.19		%	1.05		%
Net interest margin (FTE) – Non-GAAP (a)	1.18		%	1.20		%	1.29		%	1.19		%	1.05		%
(a) Net interest margin is annualized.

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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)	3Q23			2Q23			1Q23			4Q22			3Q22			YTD23			YTD22
Income (loss) before income taxes – GAAP	$	164		$	129		$	93		$	125		$	(497)		$	386		$	(77)
Total revenue – GAAP	$	827		$	813		$	827		$	825		$	862		$	2,467		$	2,725
Less: Distribution and servicing expense	87			93			86			87			88			266			258
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP	$	740		$	720		$	741		$	738		$	774		$	2,201		$	2,467
Pre-tax operating margin – GAAP (a)	20		%	16		%	11		%	15		%	(57)		%	16		%	(3)		%
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a)	22		%	18		%	13		%	17		%	(64)		%	18		%	(3)		%
(a) Income before income taxes divided by total revenue.
Constant currency reconciliations							3Q23 vs.
(dollars in millions)	3Q23			3Q22			3Q22
Consolidated:
Investment management and performance fees – GAAP	$	777		$	800		(3)		%
Impact of changes in foreign currency exchange rates	—			15
Adjusted investment management and performance fees – Non-GAAP	$	777		$	815		(5)		%
Investment and Wealth Management business segment:
Investment management and performance fees – GAAP	$	776		$	798		(3)		%
Impact of changes in foreign currency exchange rates	—			15
Adjusted investment management and performance fees – Non-GAAP	$	776		$	813		(5)		%

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