The Bank of New York Mellon Corporation (BNY) has reported its financial results for the second quarter of 2025, showing a strong performance with total revenue up 9% year-over-year and exceeding $5 billion for the first time in a quarter. The company's ongoing transformation has significant momentum, with two consecutive quarters of record sales in the first half of the year.
In terms of financial results, BNY achieved a pre-tax margin of 37% and a return on tangible common equity (ROTCE) of 27.8%. Net income applicable to common shareholders increased by 22% to $1.391 billion, and diluted earnings per common share rose by 27% to $1.93.
Breaking down the financial metrics, total fee revenue increased by 7% to $3.641 billion, while net interest income rose by 17% to $1.203 billion. Average deposits were up 5% year-over-year to $300 billion, and assets under custody and/or administration (AUC/A) increased by 5% to $55.8 trillion.
In the securities services business segment, total revenue increased by 8% to $2.474 billion, driven by higher net interest income, foreign exchange revenue, and market values. The pre-tax operating margin for this segment was 35%.
In the market and wealth services business segment, total revenue increased by 3% to $1.742 billion, with a pre-tax operating margin of 49%. Average loans in this segment were up 3% year-over-year to $44.262 billion, and average deposits increased by 5% to $96.566 billion.
For the investment and wealth management business segment, total revenue increased by 3% to $801 million, with a pre-tax operating margin of 19%. Average loans in this segment were up 3% year-over-year to $13.991 billion, and assets under management (AUM) increased by 5% to $2.106 trillion.
The market has reacted to these announcements by moving the company's shares 0.34% to a price of $95.57. Check out the company's full 8-K submission here.
