Bank of New York Mellon reports $1.69 billion net income for Q3 2026

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For the Quarterly Period Ended June September 30, 2026

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As of June Sept. 30, 2026, 678,504,142 672,898,490 shares of the registrant s common stock, $0.01 par value per share, were outstanding.

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Second Third Quarter 2026 Form 10-Q

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Key second quarter 2026 and subsequent events

Key third quarter 2026 events

Highlights of second third quarter 2026 results

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Exhibits 57 changes

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(dollars in millions, except per share amounts and unless otherwise noted) June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025

and unless otherwise noted) Sept. 30, 2026 June 30, 2026 Sept. 30, 2025 Sept. 30, 2026 Sept. 30, 2025

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Net income $ 1,696 $ 1,562 $ 1,391 $ 3,258 $ 2,540

Basic earnings per share $ 2.47 $ 2.26 $ 1.95 $ 4.73 $ 3.54

Diluted earnings per share $ 2.45 $ 2.24 $ 1.93 $ 4.68 $ 3.51

Fee and other revenue $ 4,252 $ 4,039 $ 3,825 $ 8,291 $ 7,458

Net interest income 1,446 1,370 1,203 2,816 2,362

Total revenue $ 5,698 $ 5,409 $ 5,028 $ 11,107 $ 9,820

Net income $ 1,608 $ 1,696 $ 1,339 $ 4,866 $ 3,879

Basic earnings per share $ 2.37 $ 2.47 $ 1.90 $ 7.09 $ 5.43

Diluted earnings per share $ 2.34 $ 2.45 $ 1.88 $ 7.02 $ 5.39

Fee and other revenue $ 4,253 $ 4,252 $ 3,845 $ 12,544 $ 11,303

Net interest income 1,423 1,446 1,236 4,239 3,598

Total revenue $ 5,676 $ 5,698 $ 5,081 $ 16,783 $ 14,901

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Pre-tax operating margin 39.8 % 37.3 % 36.6 % 38.6 % 34.2 %

Fee revenue as a percentage of total revenue 71 72 % 70 71 % 72 % 70 71 % 72 %

Non-U.S. revenue as a percentage of total revenue 37 % 36 % 36 37 % 35 % 36 % 35 %

Pre-tax operating margin 38.5 % 39.8 % 36.4 % 38.5 % 35.0 %

Net interest margin 1.45 1.43 % 1.38 1.45 % 1.27 1.31 % 1.42 % 1.29 1.30 %

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Basic 686,125 691,178 714,799 688,759 718,039

Diluted 692,223 698,164 720,007 695,514 723,826

Basic 679,490 686,125 705,873 685,825 714,135

Diluted 686,913 692,223 712,854 693,005 720,344

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Interest-earning assets $ 397,635 $ 396,310 $ 375,542 $ 396,977 $ 365,172

Total assets $ 464,770 $ 461,928 $ 438,608 $ 463,357 $ 427,289

Interest-bearing deposits $ 259,221 $ 263,497 $ 250,688 $ 261,347 $ 242,586

Noninterest-bearing deposits $ 54,815 $ 54,949 $ 49,610 $ 54,882 $ 48,880

Long-term debt $ 31,029 $ 32,542 $ 31,805 $ 31,781 $ 31,512

Preferred stock $ 5,274 $ 4,984 $ 5,331 $ 5,130 $ 4,949

Interest-earning assets $ 396,504 $ 397,635 $ 374,493 $ 396,817 $ 368,313

Total assets $ 464,049 $ 464,770 $ 437,491 $ 463,590 $ 430,727

Interest-bearing deposits $ 257,886 $ 259,221 $ 248,016 $ 260,181 $ 244,416

Noninterest-bearing deposits $ 53,189 $ 54,815 $ 51,310 $ 54,311 $ 49,699

Long-term debt $ 31,909 $ 31,029 $ 32,503 $ 31,825 $ 31,846

Preferred stock $ 5,023 $ 5,274 $ 5,348 $ 5,094 $ 5,083

Total The Bank of New York Mellon Corporation common shareholders equity $ 39,535 39,756 $ 39,448 39,535 $ 37,892 38,626 $ 39,492 39,580 $ 37,438 37,839

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Common dividend payout ratio 22 % 24 % 25 % 23 % 27 %

Cash dividends per common share $ 0.53 0.63 $ 0.53 $ 0.47 0.53 $ 1.06 1.69 $ 0.94 1.47

Common dividend payout ratio 27 % 22 % 28 % 24 % 28 %

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Market capitalization $ 98,118 $ 81,425 $ 64,254 $ 98,118 $ 64,254

Closing stock price per common share $ 144.61 144.63 $ 118.63 144.61 $ 91.11 108.96 $ 144.61 144.63 $ 91.11 108.96

Market capitalization $ 97,321 $ 98,118 $ 75,983 $ 97,321 $ 75,983

Book value per common share $ 58.82 58.43 $ 57.48 58.82 $ 54.76 55.99 $ 58.82 58.43 $ 54.76 55.99

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Full-time employees 46,500 47,200 49,900 46,600 46,500 49,900 49,200 46,600 49,200

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Regulatory capital and other ratios June Sept. 30, 2026 Dec. 31, 2025

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Average net stable funding ratio ( NSFR ) 130 129 % 130 %

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Common Equity Tier 1 ( CET1 ) ratio 12.4 12.0 % 13.0 %

Tier 1 capital ratio 15.1 14.4 16.0

Total capital ratio 15.8 15.0 16.7

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Tier 1 capital ratio 13.4 13.2 14.6

Total capital ratio 14.2 13.9 15.4

Tier 1 leverage ratio 5.9 5.7 % 6.0 %

Supplementary leverage ratio ( SLR ) 6.3 6.0 6.7

BNY shareholders equity to total assets ratio 8.5 8.8 % 9.4 %

BNY common shareholders equity to total assets ratio 7.6 8.0 8.4 (a) Return on tangible common shareholders equity and tangible book value per common share, both Non-GAAP measures, exclude goodwill and intangible assets, net of deferred tax liabilities. See Supplemental information Explanation of GAAP and Non-GAAP financial measures beginning on page 41 for the reconciliation of these Non-GAAP measures.

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(c) Consists of AUC/A primarily from the Asset Servicing line of business and, to a lesser extent, the Clearance and Collateral Management, Issuer Services, Wealth Solutions and Wealth Management lines of business. Includes the AUC/A of CIBC Mellon Trust Company ( CIBC Mellon ), a joint venture with the Canadian Imperial Bank of Commerce, of $2.2 $2.3 trillion at June Sept. 30, 2026, $2.1 $2.2 trillion at March 31, June 30, 2026 and $2.0 $2.1 trillion at June Sept. 30, 2025.

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BNY is a global financial services platforms company at the heart of the world s capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals. As of June Sept. 30, 2026, BNY oversees $62.6 $63.4 trillion in assets under custody and/or administration and $2.2 trillion in assets under management.

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Management 830 changes

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Key second quarter 2026 and subsequent events

Key third quarter 2026 events

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Investment and other revenue increased primarily reflecting improved seed capital results. (See Fee and other revenue beginning on page 6 .)

The provision for credit losses was a benefit of $8 million, primarily reflecting improvements in commercial real estate exposure, partially offset by changes in macroeconomic and other factors. (See Allowance for credit losses on page 27 .)

In July 2026, our Board of Directors approved a 19% increase in the quarterly cash dividend on our common stock, from $0.53 to $0.63 per share. The increased quarterly cash dividend is expected to be was paid on Aug. 7, 2026.

Highlights of second third quarter 2026 results

We reported net income applicable to common shareholders of $1.7 $1.6 billion, or $2.45 $2.34 per diluted common share, in the second third quarter of 2026, including the impact of notable items. Notable items in the second third quarter of 2026 include severance expense and litigation reserves. Excluding notable items, net income applicable to common shareholders was $1.7 $1.6 billion (Non-GAAP), or $2.46 $2.37 (Non-GAAP) per diluted common share, in the second third quarter of 2026. Net income applicable to common shareholders was $1.4 $1.3 billion, or $1.93 $1.88 per diluted common share, in the second third quarter of 2025, including the impact of notable items. Notable items in the second quarter of 2025 include severance expense and reductions in litigation reserves and the Federal Deposit Insurance Corporation ( FDIC ) special assessment. Excluding notable items, net income applicable to common shareholders was $1.4 billion (Non-GAAP), or $1.94 (Non-GAAP) per diluted common share, in the second third quarter of 2025.

2025 include a disposal gain, severance expense, litigation reserves and a reduction in the Federal Deposit Insurance Corporation ( FDIC ) special assessment. Excluding notable items, net income applicable to common shareholders was $1.4 billion (Non-GAAP), or $1.91 (Non-GAAP) per diluted common share, in the third quarter of 2025.

The highlights below are based on the second third quarter of 2026 compared with the second third quarter of 2025, unless otherwise noted.

Total revenue increased 13%, 12%, primarily reflecting:

Fee revenue increased 11%, 12%, primarily reflecting net new business higher market values and higher client activity and market values, partially offset by the mix of AUM flows. (See Fee and other revenue beginning on page 6 .)

Investment and other revenue decreased primarily reflecting the impact of fixed income and equity trading activity, seed capital results and the absence of a disposal gain recorded in the third quarter of 2025, partially offset by other investment gains. (See Fee and other revenue beginning on page 6 .)

Net interest income increased 20%, 15%, primarily reflecting the reinvestment of investment securities at higher yields and balance sheet growth, partially offset by deposit margin compression. (See Net interest income on page 8 .)

The provision for credit losses was $1 million. (See Allowance for credit losses on page 27 .)

Noninterest expense increased 7%, 8%, primarily reflecting higher revenue-related expenses investments and employee salary increases, investments, partially offset by efficiency savings. (See Noninterest expense on page 11 .)

Effective tax rate of 21.0%. 22.8%. (See Income taxes on page 11 .)

Return on common shareholders equity ( ROE ) was 17.2% 16.0% for the second third quarter of 2026.

Return on tangible common shareholders equity ( ROTCE ) was 31.3% 29.0% (Non-GAAP) for the second third quarter of 2026.

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AUC/A of $62.6 $63.4 trillion increased 12%, 10%, primarily reflecting higher market values, and net client inflows and net new business, partially offset by the unfavorable impact of a stronger U.S. dollar.

AUM of $2.2 trillion increased 6%, 2%, primarily reflecting higher market values, partially offset by cumulative net outflows and the unfavorable impact of the stronger U.S. dollar. and cumulative net outflows.

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Our CET1 ratio under the Standardized Approach was 11.0% at June Sept. 30, 2026, unchanged a decrease compared with March 31, June 30, 2026, primarily reflecting capital generated through earnings, partially offset by capital returned through common stock repurchases and dividends and higher a decline in accumulated other comprehensive income, partially offset by capital generated through earnings and lower risk-weighted assets ( RWA ). (See Capital beginning on page 33 .)

Our Tier 1 leverage ratio was 5.9% 5.7% at June Sept. 30, 2026, a decrease compared with March 31, June 30, 2026, primarily reflecting higher average assets. the decrease in capital. (See Capital beginning on page 33 .)

Returned $1.5 $1.4 billion to common shareholders, including $1.1 billion $937 million of common share repurchases.

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Investment services fees $ 2,909 $ 2,583 13 % $ 5,561 $ 4,994 11 %

(dollars in millions, unless otherwise noted) 2Q26 2Q25 change 3Q26 3Q25 YTD26 YTD25 change

Investment services fees $ 2,973 $ 2,585 15 % $ 8,534 $ 7,579 13 %

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Foreign exchange revenue 229 213 8 461 369 25

Financing-related fees 64 51 25 126 111 14

Distribution and servicing fees 38 36 6 75 73 3

Total fee revenue 4,036 3,641 11 7,804 7,044 11

Investment and other revenue 216 184 N/M 487 414 N/M

Total fee and other revenue $ 4,252 $ 3,825 11 % $ 8,291 $ 7,458 11 %

Foreign exchange revenue 198 166 19 659 535 23

Financing-related fees 66 67 (1) 192 178 8

Distribution and servicing fees 38 37 3 113 110 3

Total fee revenue 4,078 3,637 12 11,882 10,681 11

Investment and other revenue 175 208 N/M 662 622 N/M

Total fee and other revenue $ 4,253 $ 3,845 11 % $ 12,544 $ 11,303 11 %

Fee revenue as a percentage of total revenue 71 72 % 72 % 70 71 % 72 %

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(b) Consists of AUC/A primarily from the Asset Servicing line of business and, to a lesser extent, the Clearance and Collateral Management, Issuer Services, Wealth Solutions and Wealth Management lines of business. Includes the AUC/A of CIBC Mellon of $2.2 $2.3 trillion at June Sept. 30, 2026 and $2.0 $2.1 trillion at June Sept. 30, 2025.

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Investment and other revenue increased $32 million compared with the second quarter of 2025, primarily reflecting improved seed capital results.

Fee revenue increased 11% 12% compared with the second third quarter of 2025, primarily reflecting higher investment services fees, foreign exchange revenue and investment management and performance fees. and foreign exchange revenue.

Investment and other revenue decreased $33 million compared with the third quarter of 2025, primarily reflecting the impact of fixed income and equity trading activity, seed capital results and the absence of a disposal gain recorded in the third quarter of 2025, partially offset by other investment gains.

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Investment services fees increased 13% 15% compared with the second third quarter of 2025, primarily reflecting net new business, higher client activity and higher market values.

AUC/A totaled $62.6 $63.4 trillion at June Sept. 30, 2026, an increase of 12% 10% compared with June Sept. 30, 2025, primarily reflecting higher market values, and net client inflows and net new business, partially offset by the unfavorable impact of a stronger U.S. dollar. AUC/A consisted of 39% 40% equity securities and 61% fixed income 60% fixed-income securities at June Sept. 30, 2026, and 37% 38% equity securities and 63% fixed income 62% fixed-income securities at June Sept. 30, 2025.

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Investment management and performance fees increased 5% 3% compared with the second third quarter of 2025, primarily reflecting higher market values, partially offset by the mix of AUM flows. Performance fees were $3 $2 million in the second third quarter of 2026 and $10 $6 million in the second third quarter of 2025. On a constant currency basis, investment management and performance fees increased 5% 3% (Non-GAAP) compared with the second third quarter of 2025. See Supplemental information Explanation of GAAP and Non-GAAP financial measures beginning on page 41 for the reconciliation of Non-GAAP measures.

AUM was $2.2 trillion at June Sept. 30, 2026, an increase of 6% 2% compared with June Sept. 30, 2025, primarily reflecting higher market values, partially offset by cumulative net outflows and the unfavorable impact of the stronger U.S. dollar. and cumulative net outflows.

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Foreign exchange revenue is primarily driven by the volume of client transactions and the spread realized on these transactions, both of which are impacted by market volatility, the impact of foreign currency hedging activities and foreign currency remeasurement gain (loss). Foreign exchange revenue increased 8% 19% compared with the second third quarter of 2025, primarily reflecting higher client volumes. partially offset by the impact of corporate treasury activity. Foreign exchange revenue is primarily reported in the Securities Services business segment and, to a lesser extent, the Market and Wealth Services and Investment and Wealth Management business segments and the Other segment.

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Financing-related fees, which are primarily reported in the Market and Wealth Services and Securities Services business segments, include capital market fees, loan commitment fees and credit-related fees. Financing-related fees increased 25% decreased 1% compared with the second third quarter of 2025, primarily reflecting higher underwriting lower commitment fees.

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(in millions) 2Q26 2Q25 YTD26 YTD25

(in millions) 3Q26 3Q25 YTD26 YTD25

Income (loss) from consolidated investment management funds $ 60 (5) $ 35 23 $ 54 49 $ 41 64

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Other trading revenue 59 59 153 130

Renewable energy investments gains 11 15 55 30

Other trading revenue 72 73 225 203

Renewable energy investments gains 12 19 67 49

Corporate/bank-owned life insurance 43 35 91 73 48 41 139 114

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Other income 6 7 10 18

Disposal gains (losses) 40 12 52

Expense reimbursements from joint venture 31 34 63 65 41 36 104 101

Other income 5 19 15 37

Net investment securities gains (losses) (25) (35) (75) (35) (30) (100) (65)

Total investment and other revenue $ 216 175 $ 184 208 $ 487 662 $ 414 622

(a) Includes gains (losses) on investments in BNY funds which that hedge deferred incentive awards.

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The increase in total investment and other revenue compared with the second quarter of 2025 primarily reflects improved seed capital results.

Investment and other revenue decreased $33 million compared with the third quarter of 2025, primarily reflecting the impact of fixed income and equity trading activity, seed capital results and the absence of a disposal gain recorded in the third quarter of 2025, partially offset by other investment gains.

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Fee revenue increased 11% compared with the first six nine months of 2025, primarily reflecting higher investment services fees, foreign exchange revenue and investment management and performance fees. The 11% 13% increase in investment services fees primarily reflects net new business, higher client activity and higher market values. Investment management and performance fees increased 6%, 5%, primarily reflecting higher market values, partially offset by the mix of AUM flows. The 25% 23% increase in foreign exchange revenue primarily reflects higher client volumes.

Investment and other revenue increased $73 $40 million compared with the first six nine months of 2025, primarily reflecting higher investment-related gains, and improved seed capital results, partially offset by higher net investment securities losses and the impact absence of a disposal gain gains recorded in the first six nine months of 2025 and higher net investment securities losses.

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(dollars in millions) 2Q26 2Q25 change YTD26 YTD25 change

Net interest income $ 1,446 $ 1,203 20% $ 2,816 $ 2,362 19%

(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

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Net interest margin 1.45 % 1.27 % 18 bps 1.42 % 1.29 % 13 bps

Net interest margin 1.43 % 1.31 % 12 bps 1.42 % 1.30 % 12 bps

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1.45 % 1.27 % 18 bps 1.42 % 1.29 % 13 bps

1.43 % 1.31 % 12 bps 1.42 % 1.30 % 12 bps

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Net interest income increased 20% 15% compared with the second 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 18 12 basis points compared with the second third quarter of 2025, primarily reflecting the factors mentioned above.

Average interest-earning assets increased 6% compared with the second 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.

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and 750 more changes in the filing

Financial statements 241 changes

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June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025

Sept. 30, 2026 Sept. 30, 2025 Sept. 30, 2026 Sept. 30, 2025

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Investment services fees $ 2,909 $ 2,583 $ 5,561 $ 4,994

Investment management and performance fees 796 758 1,581 1,497

Foreign exchange revenue 229 213 461 369

Financing-related fees 64 51 126 111

Total fee revenue 4,036 3,641 7,804 7,044

Investment and other revenue 216 184 487 414

Total fee and other revenue 4,252 3,825 8,291 7,458

Interest income 5,940 6,602 11,764 12,725

Interest expense 4,494 5,399 8,948 10,363

Net interest income 1,446 1,203 2,816 2,362

Total revenue 5,698 5,028 11,107 9,820

Provision for credit losses ( 8 ) ( 17 ) ( 15 ) 1

Staff 1,785 1,768 3,673 3,602

Software and equipment 569 527 1,125 1,040

Sub-custodian and clearing 162 150 313 281

Net occupancy 143 132 266 268

Distribution and servicing 76 63 149 128

Business development 68 53 118 101

Bank assessment charges 32 22 56 60

Amortization of intangible assets 10 11 19 22

Other 153 92 291 202

Total noninterest expense 3,439 3,206 6,839 6,458

Income before income taxes 2,267 1,839 4,283 3,361

Provision for income taxes 475 404 861 704

Net income 1,792 1,435 3,422 2,657

Preferred stock dividends ( 65 ) ( 32 ) ( 135 ) ( 103 )

Investment services fees $ 2,973 $ 2,585 $ 8,534 $ 7,579

Investment management and performance fees 803 782 2,384 2,279

Foreign exchange revenue 198 166 659 535

Financing-related fees 66 67 192 178

Distribution and servicing fees 38 36 75 73 37 113 110

Total fee revenue 4,078 3,637 11,882 10,681

Investment and other revenue 175 208 662 622

Total fee and other revenue 4,253 3,845 12,544 11,303

Interest income 5,698 6,594 17,462 19,319

Interest expense 4,275 5,358 13,223 15,721

Net interest income 1,423 1,236 4,239 3,598

Total revenue 5,676 5,081 16,783 14,901

Provision for credit losses 1 ( 7 ) ( 14 ) ( 6 )

Staff 1,805 1,745 5,478 5,347

Software and equipment 593 542 1,718 1,582

Professional, legal and other purchased services 441 388 829 754 474 404 1,303 1,158

Sub-custodian and clearing 168 141 481 422

Net occupancy 141 140 407 408

Distribution and servicing 78 68 227 196

Business development 58 45 176 146

Bank assessment charges 27 6 83 66

Amortization of intangible assets 9 12 28 34

Other 136 133 427 335

Total noninterest expense 3,489 3,236 10,328 9,694

Income before income taxes 2,186 1,852 6,469 5,213

Provision for income taxes 499 395 1,360 1,099

Net income 1,687 1,457 5,109 4,114

Net (income) loss attributable to noncontrolling interests related to consolidated investment management funds ( 31 ) 3 ( 12 ) ( 29 26 ) ( 14 26 )

Net income applicable to shareholders of The Bank of New York Mellon Corporation 1,761 1,423 3,393 2,643 1,690 1,445 5,083 4,088

Preferred stock dividends ( 82 ) ( 106 ) ( 217 ) ( 209 )

Net income applicable to common shareholders of The Bank of New York Mellon Corporation $ 1,696 1,608 $ 1,391 1,339 $ 3,258 4,866 $ 2,540 3,879

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Basic 686,125 714,799 688,759 718,039

Common stock equivalents 6,098 5,208 6,755 5,787

Diluted 692,223 720,007 695,514 723,826

Basic 679,490 705,873 685,825 714,135

Common stock equivalents 7,423 6,981 7,180 6,209

Diluted 686,913 712,854 693,005 720,344

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Basic $ 2.47 $ 1.95 $ 4.73 $ 3.54

Diluted $ 2.45 $ 1.93 $ 4.68 $ 3.51

Basic $ 2.37 $ 1.90 $ 7.09 $ 5.43

Diluted $ 2.34 $ 1.88 $ 7.02 $ 5.39

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June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025

Net income $ 1,792 $ 1,435 $ 3,422 $ 2,657

Sept. 30, 2026 Sept. 30, 2025 Sept. 30, 2026 Sept. 30, 2025

Net income $ 1,687 $ 1,457 $ 5,109 $ 4,114

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Foreign currency translation adjustments ( 40 ) 431 ( 128 ) 638

Foreign currency translation adjustments ( 7 ) ( 60 ) ( 135 ) 578

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Reclassification adjustment 19 25 56 25

Unrealized gain (loss) arising during the period 46 114 ( 360 962 ) 447 223 ( 1,322 ) 670

Reclassification adjustment 19 23 75 48

Total unrealized gain (loss) on assets available-for-sale 65 139 ( 304 943 ) 472 246 ( 1,247 ) 718

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Total defined benefit plans 10 6 24 7

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Note 1: Basis of presentation 1 change

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The accounting and financial reporting policies of BNY, a global financial services platforms company, conform to U.S. generally accepted accounting principles ( GAAP ) and prevailing industry practices. For information on our significant accounting and reporting policies, see Note 1 of the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended Dec. 31, 2025 (the 2025 Annual Report ).

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Note 2: Investment securities 36 changes

The following tables present the amortized cost, the gross unrealized gains and losses and the fair value of investment securities at June Sept. 30, 2026 and Dec. 31, 2025.

Investment securities at June Sept. 30, 2026

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U.S. Treasury $ 29,994 $ 28 $ 130 $ 29,892

U.S. Treasury $ 30,331 $ 40 $ 283 $ 30,088

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Agency residential mortgage-backed securities ( RMBS ) 23,250 74 369 22,955

Foreign covered bonds 7,906 18 39 7,885

Collateralized loan obligations ( CLOs ) 7,000 5 2 7,003

Non-agency commercial MBS 2,049 1 83 1,967

U.S. government agencies 1,534 7 3 1,538

Non-agency RMBS 1,644 1 121 1,524

Agency residential mortgage-backed securities ( RMBS ) 22,954 5 1,468 21,491

Foreign covered bonds 8,272 8 117 8,163

Collateralized loan obligations ( CLOs ) 7,262 3 1 7,264

Agency commercial mortgage-backed securities ( MBS ) 6,770 10 121 6,659 6,351 5 173 6,183

Non-agency commercial MBS 1,894 1 97 1,798

U.S. government agencies 1,497 6 9 1,494

Non-agency RMBS 1,642 1 157 1,486

Other asset-backed securities ( ABS ) 334 21 313 232 18 214

Total available-for-sale securities excluding portfolio level basis adjustments 108,259 190 1,049 107,400 107,862 96 2,706 105,252

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Total available-for-sale securities $ 108,103 $ 190 $ 893 $ 107,400

Agency RMBS $ 29,099 $ 16 $ 2,475 $ 26,640

U.S. Treasury 6,123 164 5,959

Total available-for-sale securities $ 107,186 $ 96 $ 2,030 $ 105,252

Agency RMBS $ 29,178 $ 7 $ 3,518 $ 25,667

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Agency commercial MBS 2,707 1 114 2,594

CLOs 1,842 2 1 1,843

Foreign covered bonds 688 2 686

Total held-to-maturity securities $ 48,256 $ 23 $ 2,962 $ 45,317

Total investment securities $ 156,359 $ 213 $ 3,855 $ 152,717 (a) Includes supranational securities.

U.S. Treasury 5,142 206 4,936

Agency commercial MBS 2,589 158 2,431

U.S. government agencies 2,513 176 2,337 2,272 200 2,072

Foreign covered bonds 526 9 517

Other debt securities 11 11 1 10

Total held-to-maturity securities $ 46,732 $ 9 $ 4,180 $ 42,561

Total investment securities $ 153,918 $ 105 $ 6,210 $ 147,813 (a) Includes supranational securities.

1 unchanged paragraph

Note 3: Loans and asset quality 13 changes

1 unchanged paragraph

Commercial $ 1,802 $ 1,748

Overdrafts 4,128 2,800

Loans June Sept. 30, 2026 Dec. 31, 2025

Commercial $ 2,267 $ 1,748

Commercial real estate 6,719 6,629 6,710

Financial institutions 15,297 15,876 13,309

Wealth management loans 9,745 9,746 9,520

Wealth management mortgages 8,721 8,561 8,586

Other residential mortgages 1,665 1,644 1,820

Capital call financing 5,532 5,439 5,336

Overdrafts 3,022 2,800

Margin loans 30,198 30,715 26,253

(a) Net of unearned income of $ 72 80 million at June Sept. 30, 2026 and $ 86 million at Dec. 31, 2025, primarily related to other loans.

1 unchanged paragraph

Note 4: Goodwill and intangible assets 13 changes

9 unchanged paragraphs

Foreign currency translation ( 17 20 ) ( 1 ) ( 18 ) ( 36 39 )

Balance at June Sept. 30, 2026

Goodwill $ 7,312 7,309 $ 1,539 $ 8,560 $ 17,411 17,408

1 unchanged paragraph

Net goodwill $ 7,312 7,309 $ 1,539 $ 7,880 $ 16,731 16,728

9 unchanged paragraphs

Foreign currency translation 100 9 134 243

Goodwill $ 7,413 $ 1,484 $ 8,606 $ 17,503

Foreign currency translation 94 6 106 206

Balance at June Sept. 30, 2025

Goodwill $ 7,394 $ 1,481 $ 8,578 $ 17,453

1 unchanged paragraph

Net goodwill $ 7,413 $ 1,484 $ 7,926 $ 16,823

Net goodwill $ 7,394 $ 1,481 $ 7,898 $ 16,773

2 unchanged paragraphs

In the second quarter of 2026, we also performed our annual goodwill impairment test on the remaining reporting units. As a result of the annual goodwill impairment test, no goodwill impairment was recognized.

In the second third quarter of 2026, due to the results of the first second quarter 2026 interim goodwill and annual goodwill impairment test and macroeconomic conditions, we performed an interim goodwill impairment test of the Investment Management reporting unit, which had $ 6.3 billion of allocated goodwill. No additional goodwill impairment was recognized.

Note 5: Other assets 29 changes

1 unchanged paragraph

Other assets June Sept. 30, 2026 Dec. 31, 2025

Corporate/bank-owned life insurance $ 5,623 5,644 $ 5,647

1 unchanged paragraph

Fails to deliver 4,080 3,035 1,197

Tax credit investments 3,055 2,954 3,151

Software 2,733 2,757 2,707

Prepaid pension assets 2,605 2,665 2,361

Prepaid expense 1,066 1,149 854

Assets of consolidated investment management funds 1,136 968 864

Equity method investments 932 952 953

1 unchanged paragraph

Fair value of hedging derivatives 572 732 358

Cash collateral receivable on derivative transactions 543 509 474

Federal Reserve Bank stock 493 498 484

Income taxes receivable 149 186 554

Total other assets $ 30,998 29,947 $ 26,440

3 unchanged paragraphs

(d) At June Sept. 30, 2026 and Dec. 31, 2025, other assets include $ 58 57 million and $ 57 million, respectively, of Federal Home Loan Bank stock, at cost.

1 unchanged paragraph

Non-readily marketable equity securities do not have readily determinable fair values. These investments are valued using a measurement alternative where the investments are carried at cost, less any impairment, and plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. The observable price changes are recorded in investment and other revenue on the consolidated income statement. Our non-readily marketable equity securities totaled $ 531 559 million at June Sept. 30, 2026 and $ 438 million at Dec. 31, 2025, and are included in other equity investments in the table above.

1 unchanged paragraph

Upward adjustments $ 9 $ 18 $ 35 $ 30 $ 403

Net adjustments $ 9 $ 17 $ 35 $ 29 $ 301

Adjustments on non-readily marketable equity securities Life-to- date (in millions) 2Q26 2Q25 3Q26 3Q25 YTD26 YTD25

Upward adjustments $ 16 $ 2 $ 51 $ 32 $ 419

Downward adjustments ( 1 ) ( 1 ) ( 102 )

Net adjustments $ 16 $ 2 $ 51 $ 31 $ 317

1 unchanged paragraph

BNY invests in or provides funding to affordable housing and renewable energy projects that are designed to generate an after-tax return, primarily through the realization of income tax credits and other income tax benefits, and in certain cases, cash distributions based on the operations of the project. Using the proportional amortization method, the cost of these investments is amortized in proportion to the income tax credits and other income tax benefits received. The net amortization and income tax credits and other income tax benefits are recognized in the consolidated income statement as a component of the provision for income taxes. Our tax credit investments totaled $ 3.1 3.0 billion at June Sept. 30, 2026 and $ 3.2 billion at Dec. 31, 2025 and are included in other assets on the consolidated balance sheet.

Commitments to fund future investments totaled $ 880 846 million at June Sept. 30, 2026 and $ 946 million at Dec. 31, 2025 and are recorded in other liabilities on the consolidated balance sheet. At June Sept. 30, 2026, a majority of the commitments are expected to be funded over the next five years .

1 unchanged paragraph

(in millions) 2Q26 2Q25 YTD26 YTD25

Amortization expense $ 125 $ 115 $ 247 $ 241

(in millions) 3Q26 3Q25 YTD26 YTD25

Tax credits and other tax benefits $ 146 $ 134 140 $ 282 428 $ 276 416

Amortization expense $ 119 $ 112 $ 366 $ 353

Note 7: Net interest income 33 changes

2 unchanged paragraphs

(in millions) June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025

Deposits with banks 79 87 147 171

Loans 1,089 1,032 2,109 2,031

Investment securities 1,363 1,281 2,661 2,492

Trading securities 90 89 180 170

Total interest income 5,940 6,602 11,764 12,725

Deposits 1,504 1,840 3,058 3,562

Trading liabilities 26 35 53 58

Commercial paper 18 29 37 43

Customer payables 166 162 317 319

Long-term debt 383 452 784 886

Total interest expense 4,494 5,399 8,948 10,363

Net interest income 1,446 1,203 2,816 2,362

Provision for credit losses ( 8 ) ( 17 ) ( 15 ) 1

(in millions) Sept. 30, 2026 Sept. 30, 2025 Sept. 30, 2026 Sept. 30, 2025

Deposits with the Federal Reserve and other central banks $ 721 732 $ 937 892 $ 1,502 2,234 $ 1,763 2,655

Deposits with banks 72 81 219 252

Federal funds sold and securities purchased under resale agreements 2,598 3,176 5,165 6,098 2,252 3,159 7,417 9,257

Loans 1,141 1,062 3,250 3,093

Investment securities 1,401 1,306 4,062 3,798

Trading securities 100 94 280 264

Total interest income 5,698 6,594 17,462 19,319

Deposits 1,578 1,813 4,636 5,375

Federal funds purchased and securities sold under repurchase agreements 2,393 2,875 4,691 5,485 2,014 2,829 6,705 8,314

Trading liabilities 35 37 88 95

Other borrowed funds 4 6 8 10 2 12 12

Commercial paper 54 38 91 81

Customer payables 186 180 503 499

Long-term debt 404 459 1,188 1,345

Total interest expense 4,275 5,358 13,223 15,721

Net interest income 1,423 1,236 4,239 3,598

Provision for credit losses 1 ( 7 ) ( 14 ) ( 6 )

Net interest income after provision for credit losses $ 1,454 1,422 $ 1,220 1,243 $ 2,831 4,253 $ 2,361 3,604

Note 8: Employee benefit plans 19 changes

2 unchanged paragraphs

June Sept. 30, 2026 June Sept. 30, 2025

1 unchanged paragraph

Service cost $ $ 4 $ $ $ $

Interest cost 44 11 1 46 11 1

Service cost $ $ 2 $ $ $ 6 $

Interest cost 45 11 2 46 10 1

Expected return on assets ( 90 ) ( 20 ) ( 3 ) ( 91 90 ) ( 20 19 ) ( 2 )

Other 14 13 1 8 ( 1 ) 1

Net periodic benefit (credit) $ ( 32 ) $ ( 5 7 ) $ ( 1 ) $ ( 37 36 ) $ ( 10 4 ) $

1 unchanged paragraph

June Sept. 30, 2026 June Sept. 30, 2025

1 unchanged paragraph

Service cost $ $ 8 $ $ $ 3 $

Interest cost 88 23 2 92 21 2

Expected return on assets ( 178 ) ( 40 ) ( 5 ) ( 182 ) ( 39 ) ( 4 )

Other 28 2 16 ( 2 ) 2

Net periodic benefit (credit) $ ( 62 ) $ ( 9 ) $ ( 1 ) $ ( 74 ) $ ( 17 ) $

Service cost $ $ 10 $ $ $ 9 $

Interest cost 133 34 4 138 31 3

Expected return on assets ( 268 ) ( 60 ) ( 8 ) ( 272 ) ( 58 ) ( 6 )

Other 41 3 24 ( 3 ) 3

Net periodic benefit (credit) $ ( 94 ) $ ( 16 ) $ ( 1 ) $ ( 110 ) $ ( 21 ) $

Note 9: Variable interest entities 14 changes

3 unchanged paragraphs

The following table presents the incremental assets and liabilities included on the consolidated balance sheet as of June Sept. 30, 2026 and Dec. 31, 2025. The net assets of any consolidated VIE are solely available to settle the liabilities of the VIE and to settle any investors ownership liquidation requests, including any seed capital we invested in the VIE.

1 unchanged paragraph

Trading assets $ 1,091 $ 841

Total assets $ 1,136 $ 864

Other liabilities $ 27 $ 1

Total liabilities $ 27 $ 1

June Sept. 30, 2026 Dec. 31, 2025

Trading assets $ 944 $ 841

Total assets $ 968 $ 864

Other liabilities $ 12 $ 1

Total liabilities $ 12 $ 1

1 unchanged paragraph

interests $ 600 $ 408

interests $ 467 $ 408

(a) Includes voting model entities ( VMEs ) with assets of $ 61 114 million, liabilities of $ 1 6 million and nonredeemable noncontrolling interests of less than $ 1 3 million at June Sept. 30, 2026. There were no VMEs at Dec. 31, 2025.

2 unchanged paragraphs

As of June Sept. 30, 2026 and Dec. 31, 2025, assets and liabilities related to the VIEs where we are not the primary beneficiary are included in other assets and other liabilities on the consolidated balance sheet and primarily relate to our tax credit investments.

Note 10: Preferred stock 6 changes

The Parent has 100 million authorized shares of preferred stock with a par value of $ 0.01 per share. The following table summarizes the Parent s preferred stock issued and outstanding at June Sept. 30, 2026 and Dec. 31, 2025.

2 unchanged paragraphs

June Sept. 30, 2026 Dec. 31, 2025 June Sept. 30, 2026 Dec. 31, 2025

9 unchanged paragraphs

Series N 6.150 % to but excluding Sept. 20, 2031, then a floating rate equal to the five-year treasury rate plus 1.868 %

Total 48,001 43,001 48,826 $ 4,754 4,259 $ 4,836

1 unchanged paragraph

(b) The carrying value of the Series F, Series H, Series I, Series J, Series K, Series L, and Series M and Series N preferred stock is recorded net of issuance costs.

1 unchanged paragraph

N/A - Not applicable.

Note 11: Other comprehensive income (loss) 37 changes

3 unchanged paragraphs

Total foreign currency translation ( 20 ) ( 20 ) ( 40 ) 272 159 431

Total foreign currency translation 8 ( 15 ) ( 7 ) ( 24 ) ( 36 ) ( 60 )

1 unchanged paragraph

Unrealized gain (loss) arising during period 64 ( 18 ) 46 153 ( 39 ) 114

Unrealized gain (loss) arising during the period ( 1,266 ) 304 ( 962 ) 295 ( 72 ) 223

1 unchanged paragraph

Net unrealized gain (loss) on assets available-for-sale 89 ( 24 1,241 ) 65 188 298 ( 49 943 ) 139 325 ( 79 ) 246

2 unchanged paragraphs

Total defined benefit plans 14 ( 4 ) 10 7 ( 1 ) 6

Total defined benefit plans 14 ( 3 ) 11 8 ( 2 ) 6

1 unchanged paragraph

Unrealized hedge gain (loss) arising during period ( 3 ) 1 ( 2 ) ( 7 ) 2 ( 5 )

Unrealized hedge gain (loss) arising during the period ( 31 ) 7 ( 24 ) ( 14 ) 3 ( 11 )

1 unchanged paragraph

Foreign exchange ( FX ) contracts staff expense 9 8 ( 2 ) 7 6 1 1

FX contracts investment and other revenue 3 ( 1 ) 2 ( 1 ) 3 ( 1 ) 2

1 unchanged paragraph

Total reclassifications to net income 11 ( 3 ) 8 1 1

Total reclassifications to net income 8 ( 2 ) 6 4 ( 1 ) 3

1 unchanged paragraph

and 24 more changes in the filing

Note 12: Fair value measurement 1 change

1 unchanged paragraph

and 1 more change in the filing

Note A: BBB+/ 28 changes

3 unchanged paragraphs

2 unchanged paragraphs

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

2 unchanged paragraphs

1 unchanged paragraph

and 28 more changes in the filing

Note 13: Fair value option 8 changes

4 unchanged paragraphs

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

and 8 more changes in the filing

Note 14: Derivative instruments 1 change

2 unchanged paragraphs

1 unchanged paragraph

and 1 more change in the filing

Notes to the financial statements 1 change

and 1 more change in the filing

Note 16: Business segments 4 changes

1 unchanged paragraph

1 unchanged paragraph

and 4 more changes in the filing

Note 17: Supplemental information to the Consolidated Statement of Cash Flows 11 changes

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

and 11 more changes in the filing

Controls and procedures 1 change

4 unchanged paragraphs

and 1 more change in the filing

Unregistered sales of stock 12 changes

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

and 12 more changes in the filing

Other information 1 change

1 unchanged paragraph

and 1 more change in the filing