BNY Mellon (BK) 3Q 2025 Financial Results Summary
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The Bank of New York Mellon Corporation (BK) Q3 2025 Financial Results Summary
On October 16, 2025, The Bank of New York Mellon Corporation (“BNY”) (NYSE: BK) reported its financial results for the third quarter of 2025.
Summary of Financial Results
- Earnings per Share (EPS): $1.88, a 25% increase year-over-year.
- Pre-tax Margin: 36%, up from 33% in Q3 2024.
- Return on Tangible Common Equity (ROTCE): 25.6%, up from 22.8% in Q3 2024.
Key Financial Metrics
- Total Revenue: $5.1 billion, a 9% increase compared to Q3 2024.
- Net Interest Income: $1.236 billion, up 18% year-over-year and 3% compared to Q2 2025.
- Total Fee Revenue: $3.637 billion, a 7% increase from Q3 2024.
- Investment and Other Revenue: $208 million, increased but not meaningful (N/M) compared to historical data.
- Noninterest Expense: $3.236 billion, a 4% increase from Q3 2024.
- Net Income Applicable to Common Shareholders: $1.339 billion, representing a 21% increase from Q3 2024.
Operational Highlights
- Average Deposits: $299 billion, up 5% year-over-year.
- Assets Under Custody and/or Administration (AUC/A): $57.8 trillion, a growth of 11% year-over-year.
- Assets Under Management (AUM): $2.1 trillion, flat compared to Q3 2024.
Capital and Liquidity
- CET1 Ratio: 11.7%, an increase from 11.5% in Q2 2025.
- Tier 1 Leverage Ratio: 6.1%, stable year-over-year.
- Dividends: $381 million paid to common shareholders.
- Share Repurchases: $849 million executed in the quarter.
- Total Payout Ratio: 92% year-to-date.
Business Segment Performance
Securities Services Business
- Total Revenue: $2.459 billion, up 11% year-over-year.
- Net Interest Income: Increased 10% to $670 million from Q3 2024.
- Pre-tax Operating Margin: 33%.
Market and Wealth Services Business
- Total Revenue: $1.767 billion, a 14% increase from Q3 2024.
- Net Interest Income: Increased 26% to $524 million from Q3 2024.
- Pre-tax Operating Margin: 50%.
Investment and Wealth Management Business
- Total Revenue: $824 million, a 3% decrease from Q3 2024.
- Average AUM: Adjusted but stable year-over-year.
- Pre-tax Operating Margin: 22%.
Shareholder Returns and Dividends
- BNY returned $1.2 billion of capital to common shareholders through dividends and share repurchases.
- The quarterly dividend announced during this period amounts to $381 million.
Summary of Key Variances
- Revenue Growth:
- Total Revenue increased 9% driven by higher fee revenue and net interest income.
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Fee Revenue grew 7% due to higher client activity and favorable market dynamics.
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Noninterest Expenses:
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Increased 4% largely due to investments in staff and technology.
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Income Metrics:
- Income Before Taxes: $1.852 billion, reflecting a 21% growth from Q3 2024.
Market Conditions
- Effective Tax Rate: 21.3%.
- There was a impact of broader economic factors including a transition to new commercial models and integrating AI into their operational processes.
Overall, BNY Mellon reported significant improvements in its financial performance for Q3 2025 compared to the same quarter last year, demonstrating growth across multiple fronts including revenues, shareholder returns, and operational efficiency.
Here are the extracted tables from the press release:
Condensed Consolidated Income Statement
(Note: Amounts are in millions)
| Fee and other revenue | Sept. 30, 2025 | Quarter ended June 30, 2025 | Sept. 30, 2024 | Year-to-date Sept. 30, 2025 | Year-to-date Sept. 30, 2024 |
|---|---|---|---|---|---|
| Investment services fees | $ 2,585 | $ 2,583 | $ 2,344 | $ 7,579 | $ 6,981 |
| Investment management and performance fees | $ 782 | $ 758 | $ 794 | $ 2,279 | $ 2,331 |
| Foreign exchange revenue | $ 166 | $ 213 | $ 175 | $ 535 | $ 511 |
| Financial fees | $ 67 | $ 51 | $ 53 | $ 178 | $ 163 |
| Distribution and servicing fees | $ 37 | $ 36 | $ 38 | $ 110 | $ 121 |
| Total fee revenue | $ 3,637 | $ 3,641 | $ 3,404 | $ 10,681 | $ 10,107 |
| Investment and other revenue | $ 208 | $ 184 | $ 196 | $ 622 | $ 547 |
| Total fee and other revenue | $ 3,845 | $ 3,825 | $ 3,600 | $ 11,303 | $ 10,654 |
| Net interest income | |||||
| Interest income | $ 6,594 | $ 6,602 | $ 6,652 | $ 19,319 | $ 19,140 |
| Interest expense | $( 5,358) | $( 5,399) | $( 5,604) | $( 15,721) | $( 16,022) |
| Net interest income | $ 1,236 | $ 1,203 | $ 1,048 | $ 3,598 | $ 3,118 |
| Total revenue | $ 5,081 | $ 5,028 | $ 4,648 | $ 14,901 | $ 13,772 |
| Provision for credit losses | $ (7) | $ (17) | $ 23 | $ (6) | $ 50 |
| Noninterest expense | |||||
| Staff | $ 1,745 | $ 1,768 | $ 1,736 | $ 5,347 | $ 5,313 |
| Software and equipment | $ 542 | $ 527 | $ 491 | $ 1,582 | $ 1,442 |
| Professional, legal and other purchased services | $ 404 | $ 388 | $ 370 | $ 1,158 | $ 1,093 |
| Other | $ 133 | $ 92 | $ 96 | $ 335 | $ 275 |
| Total noninterest expense | $ 3,236 | $ 3,206 | $ 3,100 | $ 9,694 | $ 9,346 |
| Income before taxes | $ 1,852 | $ 1,839 | $ 1,525 | $ 5,213 | $ 4,376 |
| Provision for income taxes | $ 395 | $ 404 | $ 336 | $ 1,099 | $ 990 |
| Net income | $ 1,457 | $ 1,435 | $ 1,189 | $ 4,114 | $ 3,386 |
| Net income attributable to common shareholders | $ 1,339 | $ 1,391 | $ 1,110 | $ 3,879 | $ 3,206 |
Condensed Consolidated Balance Sheet
(Note: Amounts are in millions)
| Sept. 30, 2025 | June 30, 2025 | Dec. 31, 2024 | |
|---|---|---|---|
| Assets | |||
| Cash and due from banks | $ 16,116 | $ 14,977 | $ 12,888 |
| Investment securities | $ 102,362 | $ 101,569 | $ 107,829 |
| Loans | $ 72,692 | $ 71,265 | $ 69,205 |
| Total Assets | $ 394,525 | $ 390,043 | $ 383,124 |
| Liabilities | |||
| Deposits | $ 319,938 | $ 315,798 | $ 310,497 |
| Borrowings | $ 25,822 | $ 25,149 | $ 21,713 |
| Total Liabilities | $ 346,840 | $ 342,614 | $ 332,262 |
| Shareholders’ Equity | |||
| Common stock | $ 5,796 | $ 5,796 | $ 5,796 |
| Additional paid-in capital | $ 9,526 | $ 9,526 | $ 9,570 |
| Retained earnings | $ 25,588 | $ 24,490 | $ 23,138 |
| Total Shareholders’ Equity | $ 47,685 | $ 47,429 | $ 50,862 |
These tables provide a structured view of BNY’s financial performance and position.