BNY Mellon Q2 2023 EPS $1.30 (+26% YoY), revenue $4.5B (+5%), dividend raised 14%

Bank of New York Mellon Corp

2023-Q2 EPS reported $2.42

EPS $1.30 vs $1.03 YoY; adjusted EPS $1.38 (ex-notables) up 20%; net income $1.03B.
Revenue $4.5B; net interest revenue +33% to $1.1B; fee revenue -2% to $3.26B.
Dividend increased 14% to $0.42/share starting Q3; $448M share repurchases in Q2.
CET1 ratio 11.1%, Tier 1 leverage 5.7%; ROTCE 22.6%; pre-tax margin 30%.
Securities Services pre-tax income +91% YoY; Investment & Wealth Management pre-tax income -38% YoY.

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 0.97

Bank of New York Mellon Corp reported second quarter ended June 30, 2023 results: revenue $4.5 billion, net income $1.0 billion, EPS $1.30 per common share.

Period: second quarter ended June 30, 2023
Revenue: $4.5 billion
Net income: $1.0 billion
EPS: $1.30 per common share
Result: reported results

Exact text from the filing

BNY MELLON REPORTS SECOND QUARTER 2023 EARNINGS OF $1.0 BILLION OR $1.30 PER COMMON SHARE Revenue up 5% EPS up 26% (a) ROE 12% ROTCE 23% (b) CET1 11.1% Tier 1 leverage 5.7% (a) Excluding the net impact of notable items, primarily litigation and severance, EPS increased 20%. See (b) below. NEW YORK, July 18, 2023 – The Bank of New York Mellon Corporation (“BNY Mellon”) (NYSE: BK) today reported: 2Q23 vs. 2Q23 1Q23 2Q22 1Q23 2Q22 Net income applicable to common shareholders (in millions) $ 1,031 $ 905 $ 835 14 % 23 % Diluted earnings per common share (c) $ 1.30 $ 1.12 $ 1.03 16 % 26 % (c) Includes impact of notable items of $(0.07) per share in 2Q23, $(0.01) per share in 1Q23 and $(0.12) per share in 2Q22. Second Quarter Results Total revenue of $4.5 billion, increased 5%

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Source: SEC EDGAR

accession 0001390777-23-000066

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