Bank of New York Mellon Corp

For the period ended Sep 30, 2026. Filed Oct 30, 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.

Sep 30, 2026 · Filed Oct 30, 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 · %change · %change
(dollars in millions) · 3Q26 · 3Q25 · YTD26 · YTD25
Net interest income	$1,423		$1,236		15%		$4,239		$3,598	18%
Add: Tax equivalent adjustment	1		—		N/M		1		1	N/M
Net interest income (FTE) – Non-GAAP (a)	$1,424		$1,236		15%		$4,240		$3,599	18%
Average interest-earning assets	$396,504		$374,493		6%		$396,817		$368,313	8%
Net interest margin	1.43%	1.31%	12	bps		1.42%	1.30%	12	bps
Net interest margin (FTE) – Non-GAAP (a)	1.43%	1.31%	12	bps		1.42%	1.30%	12	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 15% compared with the third 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 12 basis points compared with the third quarter of 2025, primarily reflecting the factors mentioned above.

Average interest-earning assets increased 6% compared with the third 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 third quarter of 2026. Approximately 50% of the average non-U.S. dollar deposits in the third quarter of 2026 were euro-denominated.

Net interest income increased 18% compared with the first nine months of 2025, primarily driven by the reinvestment of investment securities at higher yields and higher loan balances, partially offset by deposit margin compression. The increase in the net interest margin primarily reflects the factors mentioned above.

Average interest-earning assets increased 8% compared with the first nine months of 2025, primarily reflecting higher average loan balances and average investment securities.

8 BNY

Average balances and interest rates	Quarter ended
Sept. 30, 2026 · Sept. 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	$87,820		$732	3.26%			$94,533	$892	3.69%
Interest-bearing deposits with banks	11,789		72	2.43			10,980	81	2.97
Federal funds sold and securities purchased under resale agreements (a)	46,756		2,252	19.11			40,885	3,159	30.66
Investment securities:
U.S. government obligations	35,930		333	3.68			31,754	287	3.59
U.S. government agency obligations	64,244		568	3.54			61,174	520	3.40
Other securities	54,278		500	3.66			54,986	499	3.61
Total investment securities	154,452		1,401	3.61			147,914	1,306	3.52
Trading securities (b)	8,896		101	4.47			7,489	94	5.02
Loans	86,791		1,141	5.22			72,692	1,062	5.80
Total interest-earning assets (b)	$396,504		$5,699	5.70%			$374,493	$6,594	6.98%
Noninterest-earning assets	67,545				62,998
Total assets	$464,049				$437,491
Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits	$257,886		$1,578	2.43%			$248,016	$1,813	2.90%
Federal funds purchased and securities sold under repurchase agreements (a)	25,806		2,014	30.97			16,242	2,829	69.11
Trading liabilities	3,562		35	4.06			3,333	37	4.40
Payables to customers and broker-dealers	18,283		186	4.02			16,434	180	4.34
Commercial paper	5,249		54	4.09			3,268	38	4.63
Other borrowed funds	360		4	4.59			243	2	4.63
Long-term debt	31,909		404	4.95			32,503	459	5.53
Total interest-bearing liabilities	$343,055		$4,275	4.94%			$320,039	$5,358	6.64%
Total noninterest-bearing deposits	53,189				51,310
Other noninterest-bearing liabilities	22,546				21,674
Total liabilities	418,790				393,023
Total The Bank of New York Mellon Corporation shareholders’ equity	44,779				43,974
Noncontrolling interests	480				494
Total liabilities and equity	$464,049				$437,491
Net interest income (FTE) – Non-GAAP (b)(c)		$1,424				$1,236
Net interest margin (FTE) – Non-GAAP (b)(c)			1.43%				1.31%
Less: Tax equivalent adjustment		1				—
Net interest income – GAAP		$1,423				$1,236
Net interest margin – GAAP			1.43%				1.31%

(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $190 billion for the third quarter of 2026 and $241 billion for the third 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 3.78% for the third quarter of 2026 and 4.45% for the third 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 3.70% for the third quarter of 2026 and 4.36% for the third 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
Sept. 30, 2026 · Sept. 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	$91,849		$2,234	3.21%			$93,363	$2,655	3.75%
Interest-bearing deposits with banks	12,164		219	2.41			10,757	252	3.14
Federal funds sold and securities purchased under resale agreements (a)	44,901		7,417	22.09			40,524	9,257	30.54
Investment securities:
U.S. government obligations	35,625		957	3.59			29,235	782	3.57
U.S. government agency obligations	64,439		1,652	3.42			62,512	1,568	3.34
Other securities	54,841		1,453	3.54			53,679	1,448	3.60
Total investment securities	154,905		4,062	3.50			145,426	3,798	3.49
Trading securities (b)	8,498		281	4.41			7,023	265	5.04
Loans	84,500		3,250	5.14			71,220	3,093	5.80
Total interest-earning assets (b)	$396,817		$17,463	5.87%			$368,313	$19,320	7.00%
Noninterest-earning assets	66,773				62,414
Total assets	$463,590				$430,727
Liabilities and equity
Interest-bearing liabilities:
Interest-bearing deposits	$260,181		$4,636	2.38%			$244,416	$5,375	2.94%
Federal funds purchased and securities sold under repurchase agreements (a)	24,654		6,705	36.36			17,092	8,314	65.03
Trading liabilities	2,803		88	4.21			2,744	95	4.63
Payables to customers and broker-dealers	17,961		503	3.74			15,695	499	4.25
Commercial paper	3,000		91	4.07			2,360	81	4.58
Other borrowed funds	367		12	4.58			321	12	5.21
Long-term debt	31,825		1,188	4.92			31,846	1,345	5.58
Total interest-bearing liabilities	$340,791		$13,223	5.18%			$314,474	$15,721	6.68%
Total noninterest-bearing deposits	54,311				49,699
Other noninterest-bearing liabilities	23,325				23,177
Total liabilities	418,427				387,350
Total The Bank of New York Mellon Corporation shareholders’ equity	44,674				42,922
Noncontrolling interests	489				455
Total liabilities and equity	$463,590				$430,727
Net interest income (FTE) – Non-GAAP (b)(c)		$4,240				$3,599
Net interest margin (FTE) – Non-GAAP (b)(c)			1.42%				1.30%
Less: Tax equivalent adjustment		1				1
Net interest income – GAAP		$4,239				$3,598
Net interest margin – GAAP			1.42%				1.30%

(a) Includes the average impact of offsetting under enforceable netting agreements of approximately $219 billion for the first nine months of 2026 and $238 billion for the first nine 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 nine months of 2026 and 4.45% for the first nine 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 3.69% for the first nine months of 2026 and 4.37% for the first nine 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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