Bank of New York Mellon Corp

For the period ended Jun 30, 2026. Filed Jul 31, 2026.

About 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.

Jun 30, 2026 · Filed Jul 31, 2026

BNY$151.23+2.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Net interest income

Net interest income · % · %
(dollars in millions) · 2Q26 · 2Q25 · change · YTD26 · YTD25 · change
Net interest income	$1,446		$1,203		20%		$2,816		$2,362	19%
Add: Tax equivalent adjustment	—		1		N/M		—		1	N/M
Net interest income (FTE) – Non-GAAP (a)	$1,446		$1,204		20%		$2,816		$2,363	19%
Average interest-earning assets	$397,635		$375,542		6%		$396,977		$365,172	9%
Net interest margin	1.45%	1.27%	18	bps		1.42%	1.29%	13	bps
Net interest margin (FTE) – Non-GAAP (a)	1.45%	1.27%	18	bps		1.42%	1.29%	13	bps

(a) Net interest income (FTE) – Non-GAAP and net interest margin (FTE) – Non-GAAP include the tax equivalent adjustments on tax-exempt income, which allows for comparisons 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.

bps – basis points.

Net interest income increased 20% compared with the second quarter of 2025, primarily reflecting the reinvestment of investment securities at higher yields and balance sheet growth, partially offset by deposit margin compression.

Net interest margin increased 18 basis points compared with the second quarter of 2025, primarily reflecting the factors mentioned above.

Average interest-earning assets increased 6% compared with the second quarter of 2025, primarily reflecting higher average loan balances and average investment securities, partially offset by lower average interest-bearing deposits with the Federal Reserve and other central banks.

Average non-U.S. dollar deposits comprised approximately 25% of our average total deposits in the second quarter of 2026. Approximately 50% of the average non-U.S. dollar deposits in the second quarter of 2026 were euro-denominated.

Net interest income increased 19% compared with the first six months of 2025, primarily driven by the reinvestment of investment securities at higher yields and balance sheet growth, partially offset by deposit margin compression. The increase in the net interest margin primarily reflects the factors mentioned above.

Average interest-earning assets increased 9% compared with the first six months of 2025, primarily reflecting higher average loan balances and average investment securities.

8 BNY

Average balances and interest rates	Quarter ended
June 30, 2026 · June 30, 2025
(dollars in millions; average rates are annualized) · Averagebalance · Interest · Averagerates · Average balance · Interest · Average rates
Assets
Interest-earning assets:
Interest-bearing deposits with the Federal Reserve and other central banks	$89,954		$721	3.17%			$99,426	$937	3.73%
Interest-bearing deposits with banks	12,657		79	2.49			11,199	87	3.10
Federal funds sold and securities purchased under resale agreements (a)	45,056		2,598	23.13			39,522	3,176	32.23
Investment securities:
U.S. government obligations	36,407		325	3.59			29,279	265	3.63
U.S. government agency obligations	65,096		558	3.43			62,874	529	3.36
Other securities	54,853		480	3.50			54,610	487	3.58
Total investment securities	156,356		1,363	3.49			146,763	1,281	3.49
Trading securities (b)	8,025		90	4.51			7,367	90	4.84
Loans	85,587		1,089	5.10			71,265	1,032	5.81
Total interest-earning assets (b)	$397,635		$5,940	5.98%			$375,542	$6,603	7.03%
Noninterest-earning assets	67,135				63,066
Total assets	$464,770				$438,608
Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits	$259,221		$1,504	2.33%			$250,688	$1,840	2.95%
Federal funds purchased and securities sold under repurchase agreements (a)	28,629		2,393	33.52			17,485	2,875	65.95
Trading liabilities	2,271		26	4.47			2,821	35	4.94
Payables to customers and broker-dealers	17,957		166	3.72			15,494	162	4.19
Commercial paper	1,772		18	4.13			2,511	29	4.56
Other borrowed funds	415		4	4.24			432	6	5.06
Long-term debt	31,029		383	4.88			31,805	452	5.64
Total interest-bearing liabilities	$341,294		$4,494	5.28%			$321,236	$5,399	6.74%
Total noninterest-bearing deposits	54,815				49,610
Other noninterest-bearing liabilities	23,330				24,073
Total liabilities	419,439				394,919
Total The Bank of New York Mellon Corporation shareholders’ equity	44,809				43,223
Noncontrolling interests	522				466
Total liabilities and equity	$464,770				$438,608
Net interest income (FTE) – Non-GAAP (b)(c)		$1,446				$1,204
Net interest margin (FTE) – Non-GAAP (b)(c)			1.45%				1.27%
Less: Tax equivalent adjustment		—				1
Net interest income – GAAP		$1,446				$1,203
Net interest margin – GAAP			1.45%				1.27%

(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $234 billion for the second quarter of 2026 and $247 billion for the second quarter of 2025. 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 3.74% for the second quarter of 2026 and 4.45% for the second quarter of 2025. 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 3.66% for the second quarter of 2026 and 4.36% for the second quarter of 2025. We believe providing 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%.

BNY 9

Average balances and interest rates	Year-to-date
June 30, 2026 · June 30, 2025
(dollars in millions; average rates are annualized) · Average balance · Interest · Average rates · Average balance · Interest · Average rates
Assets
Interest-earning assets:
Interest-bearing deposits with the Federal Reserve and other central banks	$93,898		$1,502	3.18%			$92,769	$1,763	3.78%
Interest-bearing deposits with banks	12,355		147	2.40			10,644	171	3.23
Federal funds sold and securities purchased under resale agreements (a)	43,958		5,165	23.69			40,340	6,098	30.48
Investment securities:
U.S. government obligations	35,470		624	3.55			27,954	495	3.56
U.S. government agency obligations	64,538		1,084	3.36			63,192	1,048	3.32
Other securities	55,127		953	3.48			53,015	949	3.60
Total investment securities	155,135		2,661	3.44			144,161	2,492	3.47
Trading securities (b)	8,296		180	4.38			6,786	171	5.05
Loans	83,335		2,109	5.10			70,472	2,031	5.80
Total interest-earning assets (b)	$396,977		$11,764	5.96%			$365,172	$12,726	7.01%
Noninterest-earning assets	66,380				62,117
Total assets	$463,357				$427,289
Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits	$261,347		$3,058	2.36%			$242,586	$3,562	2.96%
Federal funds purchased and securities sold under repurchase agreements (a)	24,069		4,691	39.30			17,525	5,485	63.11
Trading liabilities	2,417		53	4.31			2,444	58	4.78
Payables to customers and broker-dealers	17,798		317	3.60			15,320	319	4.20
Commercial paper	1,858		37	4.05			1,899	43	4.55
Other borrowed funds	370		8	4.57			360	10	5.41
Long-term debt	31,781		784	4.91			31,512	886	5.60
Total interest-bearing liabilities	$339,640		$8,948	5.31%			$311,646	$10,363	6.70%
Total noninterest-bearing deposits	54,882				48,880
Other noninterest-bearing liabilities	23,721				23,941
Total liabilities	418,243				384,467
Total The Bank of New York Mellon Corporation shareholders’ equity	44,622				42,387
Noncontrolling interests	492				435
Total liabilities and equity	$463,357				$427,289
Net interest income (FTE) – Non-GAAP (b)(c)		$2,816				$2,363
Net interest margin (FTE) – Non-GAAP (b)(c)			1.42%				1.29%
Less: Tax equivalent adjustment		—				1
Net interest income – GAAP		$2,816				$2,362
Net interest margin – GAAP			1.42%				1.29%

(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $233 billion for the first six months of 2026 and $236 billion for the first six months of 2025. 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 3.76% for the first six months of 2026 and 4.45% for the first six months of 2025. 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 3.68% for the first six months of 2026 and 4.37% for the first six months of 2025. We believe providing 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%.

10 BNY

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