Bank of New York Mellon Corp
For the period ended Sep 30, 2025. Filed Oct 31, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 31, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Noninterest expense
| Noninterest expense · YTD25 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 3Q25 vs. · vs. | ||||||||
| (dollars in millions) | 3Q25 | 2Q25 | 3Q24 | 2Q25 | 3Q24 | YTD25 | YTD24 | YTD24 |
| Staff | $1,745 | $1,768 | $1,736 | (1)% | 1% | $5,347 | $5,313 | 1% |
| Software and equipment | 542 | 527 | 491 | 3 | 10 | 1,582 | 1,442 | 10 |
| Professional, legal and other purchased services | 404 | 388 | 370 | 4 | 9 | 1,158 | 1,093 | 6 |
| Sub-custodian and clearing | 141 | 150 | 117 | (6) | 21 | 422 | 370 | 14 |
| Net occupancy | 140 | 132 | 130 | 6 | 8 | 408 | 388 | 5 |
| Distribution and servicing | 68 | 63 | 90 | 8 | (24) | 196 | 274 | (28) |
| Business development | 45 | 53 | 48 | (15) | (6) | 146 | 134 | 9 |
| Bank assessment charges | 6 | 22 | 10 | N/M | N/M | 66 | 20 | N/M |
| Amortization of intangible assets | 12 | 11 | 12 | 9 | — | 34 | 37 | (8) |
| Other | 133 | 92 | 96 | 45 | 39 | 335 | 275 | 22 |
| Total noninterest expense | $3,236 | $3,206 | $3,100 | 1% | 4% | $9,694 | $9,346 | 4% |
| Full-time employees at period-end | 49,200 | 49,900 | 52,600 | (1)% | (6)% | 49,200 | 52,600 | (6)% |
Total noninterest expense increased 4% compared with the third quarter of 2024, primarily reflecting higher investments, employee merit increases, higher revenue-related expenses and the unfavorable impact of the weaker U.S. dollar, partially offset by efficiency savings. Excluding notable items, total noninterest expense also increased 4% (Non-GAAP) compared with the third quarter of 2024. Total noninterest expense increased 1% compared with the second quarter of 2025, primarily reflecting higher investments, litigation reserves and severance expense, partially offset by lower revenue-related expenses and efficiency savings. Excluding notable items, total noninterest expense was flat (Non-GAAP) compared with the second quarter of 2025.
See “Supplemental information – Explanation of GAAP and Non-GAAP financial measures” beginning on page 44 for the reconciliation of this Non-GAAP measure.
Total noninterest expense increased 4% compared with the first nine months of 2024, primarily reflecting higher investments, employee merit increases, higher revenue-related expenses and adjustments to the FDIC special assessment, partially offset by efficiency savings. Excluding notable items, total noninterest expense increased 3% (Non-GAAP) compared with the first nine months of 2024.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.