The Bank of New York Mellon Corporation

Financial Supplement

Third Quarter 2024

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)																3Q24 vs.										YTD24 vs.
	3Q24			2Q24			1Q24			4Q23			3Q23			2Q24		3Q23		YTD24			YTD23			YTD23
Selected income statement data
Fee and other revenue	$	3,600		$	3,567		$	3,487		$	3,257		$	3,404		1	%	6	%	$	10,654		$	10,095		6	%
Net interest income	1,048			1,030			1,040			1,101			1,016			2		3		3,118			3,244			(4)
Total revenue	4,648			4,597			4,527			4,358			4,420			1		5		13,772			13,339			3
Provision for credit losses	23			—			27			84			3			N/M		N/M		50			35			N/M
Noninterest expense	3,100			3,070			3,176			3,995			3,089			1		—		9,346			9,300			—
Income before income taxes	1,525			1,527			1,324			279			1,328			—		15		4,376			4,004			9
Provision for income taxes	336			357			297			73			285			(6)		18		990			906			9
Net income	$	1,189		$	1,170		$	1,027		$	206		$	1,043		2	%	14	%	$	3,386		$	3,098		9	%
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,110		$	1,143		$	953		$	162		$	958		(3)	%	16	%	$	3,206		$	2,905		10	%
Diluted earnings per common share	$	1.50		$	1.52		$	1.25		$	0.21		$	1.23		(1)	%	22	%	$	4.26		$	3.66		16	%
Average common shares and equivalents outstanding – diluted (in thousands)	742,080			751,596			762,268			772,102			781,781			(1)	%	(5)	%	752,555			793,364			(5)	%
Financial ratios(Returns are annualized)
Pre-tax operating margin	33		%	33		%	29		%	6		%	30		%					32		%	30		%
Return on common equity	12.0		%	12.7		%	10.7		%	1.8		%	10.6		%					11.8		%	10.9		%
Return on tangible common equity – Non-GAAP (a)	22.8		%	24.6		%	20.7		%	3.6		%	20.6		%					22.7		%	21.3		%
Non-U.S. revenue as a percentage of total revenue	35		%	36		%	34		%	36		%	36		%					35		%	35		%
Period end
Assets under custody and/or administration (“AUC/A”) (in trillions) (b)	$	52.1		$	49.5		$	48.8		$	47.8		$	45.7		5	%	14	%
Assets under management (“AUM”) (in trillions)	$	2.14		$	2.05		$	2.02		$	1.97		$	1.82		5	%	18	%
Full-time employees (c)	52,600			52,000			52,100			53,400			53,600			1	%	(2)	%
Book value per common share	$	51.78		$	49.46		$	48.44		$	47.97		$	46.84
Tangible book value per common share – Non-GAAP (a)	$	28.01		$	26.19		$	25.44		$	25.25		$	24.52
Cash dividends per common share	$	0.47		$	0.42		$	0.42		$	0.42		$	0.42
Common dividend payout ratio	32		%	28		%	34		%	202		%	35		%
Closing stock price per common share	$	71.86		$	59.89		$	57.62		$	52.05		$	42.65
Market capitalization	$	52,248		$	44,196		$	43,089		$	39,524		$	32,801
Common shares outstanding (in thousands)	727,078			737,957			747,816			759,344			769,073
Capital ratios at period end(d)
Common Equity Tier 1 (“CET1”) ratio	11.9		%	11.4		%	10.8		%	11.5		%	11.3		%
Tier 1 capital ratio	14.5		%	14.0		%	13.4		%	14.2		%	14.3		%
Total capital ratio	15.6		%	15.0		%	14.3		%	14.9		%	15.2		%
Tier 1 leverage ratio	6.0		%	5.8		%	5.9		%	6.0		%	6.1		%
Supplementary leverage ratio (“SLR”)	7.0		%	6.8		%	7.0		%	7.3		%	7.2		%
(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 $1.9 trillion at Sept. 30, 2024, $1.7 trillion at June 30, 2024, March 31, 2024 and Dec. 31, 2023 and $1.5 trillion at Sept. 30, 2023.
(c) Beginning March 31, 2024, the number of full-time employees excludes interns.
(d) Regulatory capital ratios for Sept. 30, 2024 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, 2024 was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, for June 30, 2024 and March 31, 2024 was the Standardized Approach, and for Dec. 31, 2023 and Sept. 30, 2023 was the Advanced Approaches.

3

THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENT
(dollars in millions, except per share amounts; common shares in thousands)											3Q24 vs.								YTD24 vs.
	3Q24		2Q24		1Q24		4Q23		3Q23		2Q24		3Q23		YTD24		YTD23		YTD23
Revenue
Investment services fees	$	2,344	$	2,359	$	2,278	$	2,242	$	2,230	(1)	%	5	%	$	6,981	$	6,601	6	%
Investment management and performance fees	794		761		776		743		777		4		2		2,331		2,315		1
Foreign exchange revenue	175		184		152		143		154		(5)		14		511		488		5
Financing-related fees	53		53		57		45		45		—		18		163		147		11
Distribution and servicing fees	38		41		42		41		39		(7)		(3)		121		107		13
Total fee revenue	3,404		3,398		3,305		3,214		3,245		—		5		10,107		9,658		5
Investment and other revenue	196		169		182		43		159		N/M		N/M		547		437		N/M
Total fee and other revenue	3,600		3,567		3,487		3,257		3,404		1		6		10,654		10,095		6
Net interest income	1,048		1,030		1,040		1,101		1,016		2		3		3,118		3,244		(4)
Total revenue	4,648		4,597		4,527		4,358		4,420		1		5		13,772		13,339		3
Provision for credit losses	23		—		27		84		3		N/M		N/M		50		35		N/M
Noninterest expense
Staff	1,736		1,720		1,857		1,831		1,755		1		(1)		5,313		5,264		1
Software and equipment	491		476		475		486		452		3		9		1,442		1,331		8
Professional, legal and other purchased services	370		374		349		406		368		(1)		1		1,093		1,121		(2)
Net occupancy	130		134		124		162		140		(3)		(7)		388		380		2
Sub-custodian and clearing	117		134		119		117		121		(13)		(3)		370		358		3
Distribution and servicing	90		88		96		88		87		2		3		274		265		3
Business development	48		50		36		61		36		(4)		33		134		122		10
Bank assessment charges	10		(7)		17		670		37		N/M		N/M		20		118		N/M
Amortization of intangible assets	12		13		12		14		15		(8)		(20)		37		43		(14)
Other	96		88		91		160		78		9		23		275		298		(8)
Total noninterest expense	3,100		3,070		3,176		3,995		3,089		1		—		9,346		9,300		—
Income before income taxes	1,525		1,527		1,324		279		1,328		—		15		4,376		4,004		9
Provision for income taxes	336		357		297		73		285		(6)		18		990		906		9
Net income	1,189		1,170		1,027		206		1,043		2		14		3,386		3,098		9
Net (income) loss attributable to noncontrolling interests	(7)		(2)		(2)		2		(3)		N/M		N/M		(11)		(4)		N/M
Preferred stock dividends	(72)		(25)		(72)		(46)		(82)		N/M		N/M		(169)		(189)		N/M
Net income applicable to common shareholders of The Bank of New York Mellon Corporation	$	1,110	$	1,143	$	953	$	162	$	958	(3)	%	16	%	$	3,206	$	2,905	10	%
Average common shares and equivalents outstanding: Basic	736,547		746,904		756,937		767,146		777,813		(1)	%	(5)	%	747,766		789,609		(5)	%
Diluted	742,080		751,596		762,268		772,102		781,781		(1)	%	(5)	%	752,555		793,364		(5)	%
Earnings per common share: Basic	$	1.51	$	1.53	$	1.26	$	0.21	$	1.23	(1)	%	23	%	$	4.29	$	3.68	17	%
Diluted	$	1.50	$	1.52	$	1.25	$	0.21	$	1.23	(1)	%	22	%	$	4.26	$	3.66	16	%
N/M – Not meaningful.

4

THE BANK OF NEW YORK MELLON CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEET
	2024						2023
(dollars in millions)	Sept. 30		June 30		March 31		Dec. 31		Sept. 30
Assets
Cash and due from banks	$	6,234	$	5,311	$	5,305	$	4,922	$	4,904
Interest-bearing deposits with the Federal Reserve and other central banks	102,231		116,139		119,197		111,550		107,419
Interest-bearing deposits with banks	9,354		11,488		10,636		12,139		12,999
Federal funds sold and securities purchased under resale agreements	36,164		29,723		29,661		28,900		26,299
Securities	141,876		136,850		138,909		126,395		128,225
Trading assets	12,459		9,609		10,078		10,058		10,699
Loans	69,451		70,642		73,615		66,879		66,290
Allowance for loan losses	(296)		(286)		(322)		(303)		(211)
Net loans	69,155		70,356		73,293		66,576		66,079
Premises and equipment	3,380		3,267		3,136		3,163		3,234
Accrued interest receivable	1,319		1,253		1,343		1,150		1,141
Goodwill	16,338		16,217		16,228		16,261		16,159
Intangible assets	2,824		2,826		2,839		2,854		2,859
Other assets	26,127		25,500		24,103		25,909		25,035
Total assets	$	427,461	$	428,539	$	434,728	$	409,877	$	405,052
Liabilities
Deposits	$	296,438	$	304,311	$	309,020	$	283,669	$	277,467
Federal funds purchased and securities sold under repurchase agreements	14,574		15,701		15,112		14,507		14,771
Trading liabilities	4,553		3,372		3,100		6,226		7,358
Payables to customers and broker-dealers	19,741		17,569		19,392		18,395		17,441
Commercial paper	301		301		—		—		—
Other borrowed funds	401		280		306		479		728
Accrued taxes and other expenses	5,138		4,729		4,395		5,411		5,225
Other liabilities	10,726		10,208		10,245		9,028		11,834
Long-term debt	33,199		30,947		32,396		31,257		29,205
Total liabilities	385,071		387,418		393,966		368,972		364,029
Temporary equity
Redeemable noncontrolling interests	107		92		82		85		109
Permanent equity
Preferred stock	4,343		4,343		4,343		4,343		4,838
Common stock	14		14		14		14		14
Additional paid-in capital	29,230		29,139		29,055		28,908		28,793
Retained earnings	41,756		40,999		40,178		39,549		39,714
Accumulated other comprehensive loss, net of tax	(3,867)		(4,900)		(4,876)		(4,893)		(5,805)
Less: Treasury stock, at cost	(29,484)		(28,752)		(28,145)		(27,151)		(26,696)
Total The Bank of New York Mellon Corporation shareholders’ equity	41,992		40,843		40,569		40,770		40,858
Nonredeemable noncontrolling interests of consolidated investment management funds	291		186		111		50		56
Total permanent equity	42,283		41,029		40,680		40,820		40,914
Total liabilities, temporary equity and permanent equity	$	427,461	$	428,539	$	434,728	$	409,877	$	405,052

5

THE BANK OF NEW YORK MELLON CORPORATION
FEE AND OTHER REVENUE
											3Q24 vs.								YTD24 vs.
(dollars in millions)	3Q24		2Q24		1Q24		4Q23		3Q23		2Q24		3Q23		YTD24		YTD23		YTD23
Investment services fees	$	2,344	$	2,359	$	2,278	$	2,242	$	2,230	(1)	%	5	%	$	6,981	$	6,601	6	%
Investment management and performance fees:
Investment management fees (a)	781		753		766		724		747		4		5		2,300		2,253		2
Performance fees	13		8		10		19		30		N/M		N/M		31		62		N/M
Total investment management and performance fees(b)	794		761		776		743		777		4		2		2,331		2,315		1
Foreign exchange revenue	175		184		152		143		154		(5)		14		511		488		5
Financing-related fees	53		53		57		45		45		—		18		163		147		11
Distribution and servicing fees	38		41		42		41		39		(7)		(3)		121		107		13
Total fee revenue	3,404		3,398		3,305		3,214		3,245		—		5		10,107		9,658		5
Investment and other revenue:
Income (loss) from consolidated investment management funds	28		8		15		26		(11)		N/M		N/M		51		4		N/M
Seed capital gains (losses) (c)	3		—		14		18		(4)		N/M		N/M		17		11		N/M
Other trading revenue	79		77		69		47		86		N/M		N/M		225		184		N/M
Renewable energy investment gains	6		8		6		2		1		N/M		N/M		20		26		N/M
Corporate/bank-owned life insurance	36		26		28		39		29		N/M		N/M		90		79		N/M
Other investments gains (losses) (d)	12		30		17		55		(9)		N/M		N/M		59		(8)		N/M
Disposal (losses) gains	—		—		—		(6)		2		N/M		N/M		—		—		N/M
Expense reimbursements from joint venture	32		30		27		28		29		N/M		N/M		89		89		N/M
Other income (loss)	17		7		7		(118)		55		N/M		N/M		31		72		N/M
Net securities (losses)	(17)		(17)		(1)		(48)		(19)		N/M		N/M		(35)		(20)		N/M
Total investment and other revenue	196		169		182		43		159		N/M		N/M		547		437		N/M
Total fee and other revenue	$	3,600	$	3,567	$	3,487	$	3,257	$	3,404	1	%	6	%	$	10,654	$	10,095	6	%
(a) Excludes seed capital gains (losses) related to consolidated investment management funds.
(b) On a constant currency basis, investment management and performance fees increased 2% (Non-GAAP) compared with 3Q23. 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 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
	3Q24					2Q24					1Q24					4Q23					3Q23
	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	$	100,611	4.62	%		$	102,257	4.65	%		$	102,795	4.69	%		$	107,291	4.72	%		$	98,767	4.57	%
Interest-bearing deposits with banks	10,559		4.15			11,210		3.91			11,724		4.16			12,110		4.26			12,287		4.04
Federal funds sold and securities purchased under resale agreements	31,183		36.65		(a)	29,013		36.48		(a)	27,019		36.22		(a)	25,753		35.55		(a)	26,915		30.47		(a)
Loans	69,205		6.57			68,283		6.58			65,844		6.48			65,677		6.43			63,962		6.39
Securities:
U.S. government obligations	28,490		3.71			28,347		3.82			27,242		3.70			28,641		3.40			32,224		3.08
U.S. government agency obligations	62,572		3.26			62,549		3.29			63,135		3.22			59,067		2.95			59,481		2.87
Other securities	48,647		4.00			46,828		4.04			43,528		4.01			39,415		4.03			39,874		3.93
Total investment securities	139,709		3.61			137,724		3.66			133,905		3.57			127,123		3.39			131,579		3.24
Trading securities (b)	5,667		5.33			5,146		5.89			4,846		5.75			6,220		5.59			5,534		5.49
Total securities (b)	145,376		3.68			142,870		3.74			138,751		3.65			133,343		3.49			137,113		3.33
Total interest-earning assets (b)	$	356,934	7.40	%		$	353,633	7.24	%		$	346,133	7.06	%		$	344,174	6.86	%		$	339,044	6.45	%
Noninterest-earning assets	59,463					58,866					57,852					57,431					58,247
Total assets	$	416,397				$	412,499				$	403,985				$	401,605				$	397,291
Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits	$	236,724	3.82	%		$	235,878	3.85	%		$	228,897	3.84	%		$	220,408	3.79	%		$	209,641	3.62	%
Federal funds purchased and securities sold under repurchase agreements	16,584		62.85		(a)	17,711		55.26		(a)	16,133		55.91		(a)	16,065		52.41		(a)	21,512		36.07		(a)
Trading liabilities	1,844		4.83			1,689		5.43			1,649		5.11			2,857		4.83			3,959		4.80
Other borrowed funds	418		3.15			351		8.61			502		3.47			465		5.56			540		4.47
Commercial paper	1,474		5.50			954		5.54			8		5.42			5		5.40			7		4.13
Payables to customers and broker-dealers	12,737		5.29			12,066		5.35			12,420		4.74			12,586		4.67			13,515		4.30
Long-term debt	33,154		5.93			31,506		5.92			31,087		5.82			30,702		5.70			31,161		5.52
Total interest-bearing liabilities	$	302,935	7.36	%		$	300,155	7.18	%		$	290,696	6.99	%		$	283,088	6.81	%		$	280,335	6.37	%
Total noninterest-bearing deposits	47,962					48,965					49,949					52,667					52,467
Other noninterest-bearing liabilities	24,122					22,839					23,005					24,962					23,699
Total The Bank of New York Mellon Corporation shareholders’ equity	41,115					40,387					40,248					40,823					40,711
Noncontrolling interests	263					153					87					65					79
Total liabilities and equity	$	416,397				$	412,499				$	403,985				$	401,605				$	397,291
Net interest margin			1.16	%				1.15	%				1.19	%				1.26	%				1.18	%
Net interest margin (FTE) – Non-GAAP (c)			1.16	%				1.15	%				1.19	%				1.26	%				1.18	%
(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $179 billion for 3Q24, $163 billion for 2Q24, $151 billion for 1Q24, $141 billion for 4Q23 and $126 billion for 3Q23. 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 5.43% for 3Q24, 5.51% for 2Q24, 5.49% for 1Q24, 5.48% for 4Q23 and 5.36% for 3Q23. 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 5.32% for 3Q24, 5.41% for 2Q24, 5.38% for 1Q24, 5.35% for 4Q23 and 5.26% for 3Q23. 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
	2024									2023
(dollars in millions)	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
Consolidated regulatory capital ratios (a)
Standardized Approach:
CET1 capital	$	19,687		$	18,671		$	18,383		$	18,534		$	18,156
Tier 1 capital	23,972			23,006			22,723			22,863			22,985
Total capital	25,865			24,538			24,310			24,414			24,552
Risk-weighted assets	165,457			164,094			169,909			156,178			153,167
CET1 ratio	11.9		%	11.4		%	10.8		%	11.9		%	11.9		%
Tier 1 capital ratio	14.5			14.0			13.4			14.6			15.0
Total capital ratio	15.6			15.0			14.3			15.6			16.0
Advanced Approaches:
CET1 capital	$	19,687		$	18,671		$	18,383		$	18,534		$	18,156
Tier 1 capital	23,972			23,006			22,723			22,863			22,985
Total capital	25,535			24,201			23,940			24,085			24,305
Risk-weighted assets	163,602			161,778			165,663			161,528			160,262
CET1 ratio	12.0		%	11.5		%	11.1		%	11.5		%	11.3		%
Tier 1 capital ratio	14.7			14.2			13.7			14.2			14.3
Total capital ratio	15.6			15.0			14.5			14.9			15.2
Tier 1 leverage ratio (a):
Average assets for Tier 1 leverage ratio	$	398,381		$	394,672		$	386,148		$	383,705		$	379,429
Tier 1 leverage ratio	6.0		%	5.8		%	5.9		%	6.0		%	6.1		%
SLR (a):
Leverage exposure	$	344,831		$	336,971		$	325,801		$	313,555		$	318,664
SLR	7.0		%	6.8		%	7.0		%	7.3		%	7.2		%
Average liquidity coverage ratio (a)	116		%	115		%	117		%	117		%	121		%
Average net stable funding ratio (a)	132		%	132		%	136		%	135		%	136		%
(a) Regulatory capital and liquidity ratios for Sept. 30, 2024 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, 2024, was the Standardized Approach for the CET1 and Tier 1 capital ratios and the Advanced Approaches for the Total capital ratio, for June 30, 2024 and March 31, 2024 was the Standardized Approach, and for Dec. 31, 2023 and Sept. 30, 2023, was the Advanced Approaches.

8

THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES SERVICES BUSINESS SEGMENT
																3Q24 vs.										YTD24 vs.
(dollars in millions)	3Q24			2Q24			1Q24			4Q23			3Q23			2Q24		3Q23		YTD24			YTD23			YTD23
Revenue:
Investment services fees:
Asset Servicing	$	1,021		$	1,018		$	1,013		$	975		$	976		—	%	5	%	$	3,052		$	2,897		5	%
Issuer Services	285			322			261			285			281			(11)		1		868			836			4
Total investment services fees	1,306			1,340			1,274			1,260			1,257			(3)		4		3,920			3,733			5
Foreign exchange revenue	137			144			124			118			107			(5)		28		405			370			9
Other fees (a)	57			56			59			54			52			2		10		172			161			7
Total fee revenue	1,500			1,540			1,457			1,432			1,416			(3)		6		4,497			4,264			5
Investment and other revenue	105			104			99			112			65			N/M		N/M		308			221			N/M
Total fee and other revenue	1,605			1,644			1,556			1,544			1,481			(2)		8		4,805			4,485			7
Net interest income	609			595			583			635			600			2		2		1,787			1,934			(8)
Total revenue	2,214			2,239			2,139			2,179			2,081			(1)		6		6,592			6,419			3
Provision for credit losses	15			(3)			11			64			19			N/M		N/M		23			35			N/M
Noninterest expense (ex. amortization of intangible assets)	1,550			1,547			1,530			1,645			1,590			—		(3)		4,627			4,682			(1)
Amortization of intangible assets	7			7			7			8			8			—		(13)		21			23			(9)
Total noninterest expense	1,557			1,554			1,537			1,653			1,598			—		(3)		4,648			4,705			(1)
Income before income taxes	$	642		$	688		$	591		$	462		$	464		(7)	%	38	%	$	1,921		$	1,679		14	%
Total revenue by line of business:
Asset Servicing	$	1,720		$	1,687		$	1,668		$	1,675		$	1,585		2	%	9	%	$	5,075		$	4,937		3	%
Issuer Services	494			552			471			504			496			(11)		—		1,517			1,482			2
Total revenue by line of business	$	2,214		$	2,239		$	2,139		$	2,179		$	2,081		(1)	%	6	%	$	6,592		$	6,419		3	%
Financial ratios:
Pre-tax operating margin	29		%	31		%	28		%	21		%	22		%					29		%	26		%
Memo: Securities lending revenue (b)	$	47		$	46		$	46		$	48		$	46		2	%	2	%	$	139		$	141		(1)	%
(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
											3Q24 vs.								YTD24 vs.
(dollars in millions, unless otherwise noted)	3Q24		2Q24		1Q24		4Q23		3Q23		2Q24		3Q23		YTD24		YTD23		YTD23
Selected balance sheet data:
Average loans	$	11,077	$	11,103	$	11,204	$	11,366	$	11,236	—	%	(1)	%	$	11,128	$	11,154	—	%
Average assets (a)	$	199,057	$	196,015	$	191,544	$	200,040	$	190,964	2	%	4	%	$	195,552	$	196,556	(1)	%
Average deposits	$	180,500	$	178,495	$	174,687	$	171,086	$	162,509	1	%	11	%	$	177,904	$	167,510	6	%
Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	37.5	$	35.7	$	35.4	$	34.2	$	32.3	5	%	16	%
Market value of securities on loan at period end (in billions) (d)	$	484	$	481	$	486	$	450	$	406	1	%	19	%
Issuer Services
Total debt serviced at period end (in trillions)	$	14.3	$	14.1	$	14.0	$	14.0	$	13.8	1	%	4	%
Number of sponsored Depositary Receipts programs at period end	507		516		527		543		559		(2)	%	(9)	%
(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, 2024 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 $1.9 trillion at Sept. 30, 2024, $1.7 trillion at June 30, 2024, March 31, 2024 and Dec. 31, 2023 and $1.5 trillion at Sept. 30, 2023.
(d) Represents the total amount of securities on loan in our agency securities lending program. Excludes securities for which BNY acts as agent on behalf of CIBC Mellon clients, which totaled $67 billion at Sept. 30, 2024, $66 billion at June 30, 2024, $64 billion at March 31,2024 and $63 billion at Dec. 31, 2023 and Sept. 30, 2023.

10

THE BANK OF NEW YORK MELLON CORPORATION
MARKET AND WEALTH SERVICES BUSINESS SEGMENT
																3Q24 vs.										YTD24 vs.
(dollars in millions)	3Q24			2Q24			1Q24			4Q23			3Q23			2Q24		3Q23		YTD24			YTD23			YTD23
Revenue:
Investment services fees:
Pershing	$	475		$	474		$	482		$	472		$	478		—	%	(1)	%	$	1,431		$	1,413		1	%
Treasury Services	200			202			184			179			180			(1)		11		586			538			9
Clearance and Collateral Management	354			338			329			322			305			5		16		1,021			890			15
Total investment services fees	1,029			1,014			995			973			963			1		7		3,038			2,841			7
Foreign exchange revenue	23			23			24			21			21			—		10		70			60			17
Other fees (a)	58			58			58			50			49			—		18		174			152			14
Total fee revenue	1,110			1,095			1,077			1,044			1,033			1		7		3,282			3,053			8
Investment and other revenue	20			23			17			16			16			N/M		N/M		60			47			N/M
Total fee and other revenue	1,130			1,118			1,094			1,060			1,049			1		8		3,342			3,100			8
Net interest income	415			417			423			436			401			—		3		1,255			1,274			(1)
Total revenue	1,545			1,535			1,517			1,496			1,450			1		7		4,597			4,374			5
Provision for credit losses	7			(2)			5			28			6			N/M		N/M		10			13			N/M
Noninterest expense (ex. amortization of intangible assets)	833			832			833			836			790			—		5		2,498			2,363			6
Amortization of intangible assets	1			1			1			1			2			—		(50)		3			5			(40)
Total noninterest expense	834			833			834			837			792			—		5		2,501			2,368			6
Income before income taxes	$	704		$	704		$	678		$	631		$	652		—	%	8	%	$	2,086		$	1,993		5	%
Total revenue by line of business:
Pershing	$	649		$	663		$	670		$	669		$	657		(2)	%	(1)	%	$	1,982		$	1,947		2	%
Treasury Services	424			426			416			408			397			—		7		1,266			1,229			3
Clearance and Collateral Management	472			446			431			419			396			6		19		1,349			1,198			13
Total revenue by line of business	$	1,545		$	1,535		$	1,517		$	1,496		$	1,450		1	%	7	%	$	4,597		$	4,374		5	%
Financial ratios:
Pre-tax operating margin	46		%	46		%	45		%	42		%	45		%					45		%	46		%
(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
											3Q24 vs.								YTD24 vs.
(dollars in millions, unless otherwise noted)	3Q24		2Q24		1Q24		4Q23		3Q23		2Q24		3Q23		YTD24		YTD23		YTD23
Selected balance sheet data:
Average loans	$	42,730	$	41,893	$	39,271	$	39,200	$	37,496	2	%	14	%	$	41,303	$	36,930	12	%
Average assets (a)	$	122,526	$	124,790	$	123,552	$	132,357	$	129,665	(2)	%	(6)	%	$	123,619	$	131,055	(6)	%
Average deposits	$	88,856	$	91,371	$	89,539	$	87,695	$	84,000	(3)	%	6	%	$	89,918	$	85,141	6	%
Selected metrics:
AUC/A at period end (in trillions) (b)(c)	$	14.3	$	13.4	$	13.1	$	13.3	$	13.1	7	%	9	%
Pershing
AUC/A at period end (in trillions) (b)	$	2.7	$	2.6	$	2.6	$	2.5	$	2.4	4	%	13	%
Net new assets (U.S. platform) (in billions)(d)	$	(22)	$	(23)	$	(2)	$	(4)	$	23	N/M		N/M
Daily average revenue trades (“DARTs”) (U.S. platform) (in thousands)	251		280		290		229		223		(10)	%	13	%
Average active clearing accounts (in thousands)	8,085		8,057		7,991		8,012		7,979		—	%	1	%
Treasury Services
Average daily U.S. dollar payment volumes	242,243		241,253		237,124		243,005		233,620		—	%	4	%
Clearance and Collateral Management
Average tri-party collateral management balances (in billions)	$	5,511	$	5,298	$	5,157	$	5,248	$	5,706	4	%	(3)	%
(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, 2024 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
																3Q24 vs.										YTD24 vs.
(dollars in millions)	3Q24			2Q24			1Q24			4Q23			3Q23			2Q24		3Q23		YTD24			YTD23			YTD23
Revenue:
Investment management fees	$	782		$	754		$	768		$	725		$	748		4	%	5	%	$	2,304		$	2,256		2	%
Performance fees	13			8			10			19			30			N/M		N/M		31			62			N/M
Investment management and performance fees (a)	795			762			778			744			778			4		2		2,335			2,318			1
Distribution and servicing fees	68			69			70			66			62			(1)		10		207			175			18
Other fees (b)	(68)			(64)			(60)			(55)			(50)			N/M		N/M		(192)			(159)			N/M
Total fee revenue	795			767			788			755			790			4		1		2,350			2,334			1
Investment and other revenue (c)	9			11			17			(121)			1			N/M		N/M		37			19			N/M
Total fee and other revenue (c)	804			778			805			634			791			3		2		2,387			2,353			1
Net interest income	45			43			41			45			39			5		15		129			123			5
Total revenue	849			821			846			679			830			3		2		2,516			2,476			2
Provision for credit losses	1			4			(1)			(2)			(9)			N/M		N/M		4			(2)			N/M
Noninterest expense (ex. amortization of intangible assets)	668			663			736			680			670			1		—		2,067			2,076			—
Amortization of intangible assets	4			5			4			5			5			(20)		(20)		13			15			(13)
Total noninterest expense	672			668			740			685			675			1		—		2,080			2,091			(1)
Income (loss) before income taxes	$	176		$	149		$	107		$	(4)		$	164		18	%	7	%	$	432		$	387		12	%
Total revenue by line of business:
Investment Management	$	569		$	549		$	576		$	415		$	565		4	%	1	%	$	1,694		$	1,682		1	%
Wealth Management	280			272			270			264			265			3		6		822			794			4
Total revenue by line of business	$	849		$	821		$	846		$	679		$	830		3	%	2	%	$	2,516		$	2,476		2	%
Financial ratios:
Pre-tax operating margin	21		%	18		%	13		%	(1)		%	20		%					17		%	16		%
Adjusted pre-tax operating margin – Non-GAAP (d)	23		%	20		%	14		%	(1)		%	22		%					19		%	18		%
Selected balance sheet data:
Average loans	$	13,648		$	13,520		$	13,553		$	13,405		$	13,519		1	%	1	%	$	13,574		$	13,823		(2)	%
Average assets (e)	$	26,525		$	26,031		$	26,272		$	26,341		$	26,654		2	%	—	%	$	26,277		$	27,106		(3)	%
Average deposits	$	10,032		$	11,005		$	11,364		$	12,039		$	13,578		(9)	%	(26)	%	$	10,798		$	15,035		(28)	%
(a) On a constant currency basis, investment management and performance fees increased 2% (Non-GAAP) compared with 3Q23. 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
												3Q24 vs.									YTD24 vs.
(dollars in billions)	3Q24		2Q24		1Q24			4Q23		3Q23		2Q24		3Q23		YTD24			YTD23		YTD23
AUM by product type (a)(b):
Equity	$	173	$	167	$	168		$	145	$	133	4	%	30	%
Fixed income	235		221		219			205		190		6		24
Index	498		485		474			459		425		3		17
Liability-driven investments	637		598		573			605		534		7		19
Multi-asset and alternative investments	175		173		174			170		156		1		12
Cash	426		401		407			390		383		6		11
Total AUM	$	2,144	$	2,045	$	2,015		$	1,974	$	1,821	5	%	18	%
Changes in AUM (a)(b):
Beginning balance of AUM	$	2,045	$	2,015	$	1,974		$	1,821	$	1,906					$	1,974		$	1,836
Net inflows (outflows):
Long-term strategies:
Equity	(2)		(4)		(4)			(2)		(3)						(10)			(10)
Fixed income	4		4		12			3		(7)						20			(7)
Liability-driven investments	(4)		4		13			4		1						13			8
Multi-asset and alternative investments	(6)		(2)		(5)			(1)		(4)						(13)			(8)
Total long-term active strategies (outflows) inflows	(8)		2		16			4		(13)						10			(17)
Index	(16)		(4)		(15)			(10)		(2)						(35)			(2)
Total long-term strategies (outflows) inflows	(24)		(2)		1			(6)		(15)						(25)			(19)
Short-term strategies:
Cash	24		(7)		16			7		7						33			(2)
Total net (outflows) inflows	—		(9)		17			1		(8)						8			(21)
Net market impact	58		40		16			122		(50)						114			(1)
Net currency impact	41		(1)		(10)			30		(27)						30			7
Other	—		—		18		(c)	—		—						18		(c)	—
Ending balance of AUM	$	2,144	$	2,045	$	2,015		$	1,974	$	1,821	5	%	18	%	$	2,144		$	1,821	18	%
Wealth Management client assets (a)(d)	$	333	$	308	$	309		$	312	$	292	8	%	14	%
(a) Sept. 30, 2024 information is preliminary.
(b) Represents assets managed in the Investment and Wealth Management business segment.
(c) Reflects the realignment of similar products and services within our lines of business. Refer to Form 8-K dated March 26, 2024 for further information.
(d) Includes AUM and AUC/A in the Wealth Management line of business.

14

THE BANK OF NEW YORK MELLON CORPORATION
OTHER SEGMENT
(dollars in millions)	3Q24		2Q24		1Q24		4Q23		3Q23		YTD24		YTD23
Revenue:
Fee revenue	$	(1)	$	(4)	$	(17)	$	(17)	$	6	$	(22)	$	7
Investment and other revenue	55		29		47		38		74		131		146
Total fee and other revenue	54		25		30		21		80		109		153
Net interest (expense)	(21)		(25)		(7)		(15)		(24)		(53)		(87)
Total revenue	33		—		23		6		56		56		66
Provision for credit losses	—		1		12		(6)		(13)		13		(11)
Noninterest expense	37		15		65		820		24		117		136
(Loss) income before income taxes	$	(4)	$	(16)	$	(54)	$	(808)	$	45	$	(74)	$	(59)
Selected balance sheet data:
Average loans and leases	$	1,750	$	1,767	$	1,816	$	1,706	$	1,711	$	1,777	$	1,656
Average assets	$	68,289	$	65,663	$	62,617	$	42,867	$	50,008	$	65,532	$	53,756

15

THE BANK OF NEW YORK MELLON CORPORATION
SECURITIES PORTFOLIO
(dollars in millions)	June 30, 2024			3Q24 change in unrealized gain (loss)		Sept. 30, 2024					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	$	40,898		$	1,310	$	45,706	$	42,779		94	%	$	(2,927)		25	%	100	%	—	%	—	%	—	%	—	%
U.S. Treasury	28,633			340		30,095		29,653			99		(442)			61		100		—		—		—		—
Non-U.S. government (d)	26,866			283		29,619		29,337			99		(282)			37		94		3		3		—		—
Agency commercial MBS	10,983			187		11,191		10,810			97		(381)			41		100		—		—		—		—
CLOs	7,354			(2)		7,808		7,822			100		14			100		100		—		—		—		—
Foreign covered bonds	7,334			92		7,745		7,687			99		(58)			47		100		—		—		—		—
U.S. government agencies	6,406			133		6,528		6,248			96		(280)			29		100		—		—		—		—
Non-agency commercial MBS	2,893			54		2,918		2,769			95		(149)			48		100		—		—		—		—
Non-agency RMBS	1,670			15		1,735		1,598			92		(137)			42		98		2		—		—		—
Other asset-backed securities	823			30		686		647			94		(39)			16		100		—		—		—		—
Other debt securities	11			(1)		12		10			89		(2)			—		—		—		—		—		100
Total securities	$	133,871	(e)	$	2,441	$	144,043	$	139,360	(e)(f)	97	%	$	(4,683)	(e)(g)	43	%	98	%	1	%	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 $2,163 million at June 30, 2024 and $1,141 million at Sept. 30, 2024.
(f) The fair value of available-for-sale securities totaled $98,070 million at Sept. 30, 2024, net of hedges, or 70% of the fair value of the securities portfolio, net of hedges. The fair value of the held-to-maturity securities totaled $41,290 million at Sept. 30, 2024, or 30% of the fair value of the securities portfolio, net of hedges.
(g) At Sept. 30, 2024, includes pre-tax net unrealized losses of $1,026 million related to available-for-sale securities, net of hedges, and $3,657 million related to held-to-maturity securities. The after-tax unrealized losses, net of hedges, related to available-for-sale securities was $774 million and the after-tax equivalent related to held-to-maturity securities was $2,789 million.
Note: At Sept. 30, 2024, the amortizable purchase premium (net of discount) relating to securities was $253 million, and the accumulated basis adjustments on discontinued hedges of securities, which           will also be accreted to net interest income over the remaining life of the security, was $727 million. Including the basis adjustments on discontinued hedges, the net accretion was $44 million in           3Q24.

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THE BANK OF NEW YORK MELLON CORPORATION
ALLOWANCE FOR CREDIT LOSSES AND NONPERFORMING ASSETS
	2024									2023
(dollars in millions)	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
Allowance for credit losses – beginning of period:
Allowance for loan losses	$	286		$	322		$	303		$	211		$	191
Allowance for lending-related commitments	73			81			87			85			91
Allowance for other financial instruments (a)	37			37			24			29			41
Allowance for credit losses – beginning of period	$	396		$	440		$	414		$	325		$	323
Net (charge-offs) recoveries:
Charge-offs	(18)			(44)			(1)			—			(1)
Recoveries	—			—			—			5			—
Total net (charge-offs) recoveries	(18)			(44)			(1)			5			(1)
Provision for credit losses(b)	23			—			27			84			3
Allowance for credit losses – end of period	$	401		$	396		$	440		$	414		$	325
Allowance for credit losses – end of period:
Allowance for loan losses	$	296		$	286		$	322		$	303		$	211
Allowance for lending-related commitments	75			73			81			87			85
Allowance for other financial instruments (a)	30			37			37			24			29
Allowance for credit losses – end of period	$	401		$	396		$	440		$	414		$	325
Allowance for loan losses as a percentage of total loans	0.43		%	0.40		%	0.44		%	0.45		%	0.32		%
Nonperforming assets	$	211		$	227		$	278		$	237		$	48
(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 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 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 income, 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 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)	3Q24			2Q24			1Q24			4Q23			3Q23			YTD24			YTD23
Net income applicable to common shareholders of The Bank of New York Mellon Corporation – GAAP	$	1,110		$	1,143		$	953		$	162		$	958		$	3,206		$	2,905
Add: Amortization of intangible assets	12			13			12			14			15			37			43
Less: Tax impact of amortization of intangible assets	3			3			3			4			3			9			10
Adjusted net income applicable to common shareholders of The Bank of New York Mellon Corporation, excluding amortization of intangible assets – Non-GAAP	$	1,119		$	1,153		$	962		$	172		$	970		$	3,234		$	2,938
Average common shareholders’ equity	$	36,772		$	36,044		$	35,905		$	36,050		$	35,873		$	36,242		$	35,672
Less: Average goodwill	16,281			16,229			16,238			16,199			16,237			16,250			16,206
Average intangible assets	2,827			2,834			2,848			2,858			2,875			2,836			2,887
Add: Deferred tax liability – tax deductible goodwill	1,220			1,213			1,209			1,205			1,197			1,220			1,197
Deferred tax liability – intangible assets	656			655			655			657			657			656			657
Average tangible common shareholders’ equity – Non-GAAP	$	19,540		$	18,849		$	18,683		$	18,855		$	18,615		$	19,032		$	18,433
Return on common equity – GAAP	12.0		%	12.7		%	10.7		%	1.8		%	10.6		%	11.8		%	10.9		%
Return on tangible common equity – Non-GAAP	22.8		%	24.6		%	20.7		%	3.6		%	20.6		%	22.7		%	21.3		%

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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	2024									2023
(dollars in millions, except common shares and unless otherwise noted)	Sept. 30			June 30			March 31			Dec. 31			Sept. 30
BNY shareholders’ equity at period end – GAAP	$	41,992		$	40,843		$	40,569		$	40,770		$	40,858
Less: Preferred stock	4,343			4,343			4,343			4,343			4,838
BNY common shareholders’ equity at period end – GAAP	37,649			36,500			36,226			36,427			36,020
Less: Goodwill	16,338			16,217			16,228			16,261			16,159
Intangible assets	2,824			2,826			2,839			2,854			2,859
Add: Deferred tax liability – tax deductible goodwill	1,220			1,213			1,209			1,205			1,197
Deferred tax liability – intangible assets	656			655			655			657			657
BNY tangible common shareholders’ equity at period end – Non-GAAP	$	20,363		$	19,325		$	19,023		$	19,174		$	18,856
Period-end common shares outstanding (in thousands)	727,078			737,957			747,816			759,344			769,073
Book value per common share – GAAP	$	51.78		$	49.46		$	48.44		$	47.97		$	46.84
Tangible book value per common share – Non-GAAP	$	28.01		$	26.19		$	25.44		$	25.25		$	24.52
Net interest margin reconciliation
(dollars in millions)	3Q24			2Q24			1Q24			4Q23			3Q23
Net interest income – GAAP	$	1,048		$	1,030		$	1,040		$	1,101		$	1,016
Add: Tax equivalent adjustment	—			1			—			1			—
Net interest income (FTE) – Non-GAAP	$	1,048		$	1,031		$	1,040		$	1,102		$	1,016
Average interest-earning assets	$	356,934		$	353,633		$	346,133		$	344,174		$	339,044
Net interest margin – GAAP (a)	1.16		%	1.15		%	1.19		%	1.26		%	1.18		%
Net interest margin (FTE) – Non-GAAP (a)	1.16		%	1.15		%	1.19		%	1.26		%	1.18		%
(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)	3Q24			2Q24			1Q24			4Q23			3Q23			YTD24			YTD23
Income (loss) before income taxes – GAAP	$	176		$	149		$	107		$	(4)		$	164		$	432		$	387
Total revenue – GAAP	$	849		$	821		$	846		$	679		$	830		$	2,516		$	2,476
Less: Distribution and servicing expense	91			88			96			89			87			275			266
Adjusted total revenue, net of distribution and servicing expense – Non-GAAP	$	758		$	733		$	750		$	590		$	743		$	2,241		$	2,210
Pre-tax operating margin – GAAP (a)	21		%	18		%	13		%	(1)		%	20		%	17		%	16		%
Adjusted pre-tax operating margin, net of distribution and servicing expense – Non-GAAP (a)	23		%	20		%	14		%	(1)		%	22		%	19		%	18		%
(a) Income before income taxes divided by total revenue.
Constant currency reconciliations							3Q24 vs.
(dollars in millions)	3Q24			3Q23			3Q23
Consolidated:
Investment management and performance fees – GAAP	$	794		$	777		2		%
Impact of changes in foreign currency exchange rates	—			5
Adjusted investment management and performance fees – Non-GAAP	$	794		$	782		2		%
Investment and Wealth Management business segment:
Investment management and performance fees – GAAP	$	795		$	778		2		%
Impact of changes in foreign currency exchange rates	—			5
Adjusted investment management and performance fees – Non-GAAP	$	795		$	783		2		%

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