BNY Mellon Q4 adj. EPS $1.30 (+25% YoY); board authorizes $5B buyback

Bank of New York Mellon Corp

2022-FY EPS reported $2.90 revenue$16,377,000,000

Adjusted net income $1,057M vs. $852M YoY; GAAP net income $509M ($0.62) down 38%.
Revenue $3.9B (-2% GAAP, +9% adj.); net interest revenue +56% to $1,056M on higher rates.
Notable items include $449M loss from securities portfolio repositioning and severance.
Securities Serv. rev. +18%, Market & Wealth +19%, Inv. & Wealth -19% YoY; AUC/A $44.3T (-5%).
CET1 ratio 11.2%, Tier 1 leverage 5.8%; $5B share repurchase program effective Jan 1, 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Bank of New York Mellon Corp reported the fourth quarter ended Dec. 31, 2022 results: revenue $3.9 billion, net income $509 million, EPS $0.62 per common share.

Period: the fourth quarter ended Dec. 31, 2022
Revenue: $3.9 billion
Net income: $509 million
EPS: $0.62 per common share
Result: reported results

Exact text from the filing

the securities portfolio and severance. 4Q21 results include $(30) million, or $(0.04) per share, primarily related to severance. Fourth Quarter Results Total revenue of $3.9 billion, decreased 2%; or increased 9% excluding notable items (a) • Net interest revenue increased 56% • Fee revenue was flat • Investment and other revenue in 4Q22 included $449

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Bank of New York Mellon Corp filing history →

Source: SEC EDGAR

accession 0001390777-23-000002

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