10-K: BNY Mellon Reports Strong 2025 Performance with Revenue Growth and Increased Capital Returns

Sentiment:

Annual Report 25 February 2026 7:31 AM

📋All filings for Bank of New York Mellon CORP

BNY Mellon announced robust financial results for 2025, featuring significant revenue growth, increased earnings per share, and enhanced capital returns to shareholders, alongside strategic advancements and ongoing regulatory compliance efforts.

Delay expectedThe effective date for FinCEN's AML/CFT program rule for investment advisers has been extended to January 1, 2028.

Capital raiseIn March 2025, the Parent issued 500,000 depositary shares representing Series J Noncumulative Perpetual Preferred Stock.In March 2025, the Parent also issued 20,000,000 depositary shares representing Series K Noncumulative Perpetual Preferred Stock.In September 2025, the Parent issued 500,000 depositary shares representing Series L Noncumulative Perpetual Preferred Stock.In January 2026, the Parent issued $1.25 billion of fixed-to-floating rate callable senior notes maturing in 2030.In January 2026, the Parent also issued $300 million of floating rate callable senior notes maturing in 2030.

Better than expectedNet income applicable to common shareholders increased by 22% to $5.31 billion in 2025, significantly higher than the previous year.Diluted earnings per share rose by 28% to $7.40, indicating strong profitability growth.Total revenue increased by 8% to $20.08 billion, driven by both fee revenue and net interest income growth.The company recorded a $32 million benefit for credit losses in 2025, a positive reversal from a $70 million expense in 2024, reflecting an improved credit outlook.Key profitability metrics such as ROE (13.9%), ROTCE (26.1%), and pre-tax operating margin (35%) all showed improvement.Capital ratios, including CET1 (11.9%) and Tier 1 leverage (6.0%), strengthened, indicating a robust capital position.

Summary

Net income applicable to common shareholders increased by 22% to $5.31 billion in 2025, up from $4.34 billion in 2024.
Diluted earnings per share rose by 28% to $7.40 in 2025, compared to $5.80 in 2024.
Total revenue grew by 8% to $20.08 billion in 2025, driven by a 6% increase in fee revenue and a 15% rise in net interest income.
The provision for credit losses was a benefit of $32 million in 2025, a significant improvement from a $70 million expense in 2024, primarily due to improvements in commercial real estate exposure and macroeconomic forecast changes.
Assets under custody and/or administration (AUC/A) increased by 14% to $59.3 trillion at December 31, 2025.
Assets under management (AUM) grew by 7% to $2.18 trillion at December 31, 2025.
The Common Equity Tier 1 (CET1) ratio improved to 11.9% in 2025 from 11.2% in 2024, reflecting strong capital generation.
The Board of Directors approved a 13% increase in the quarterly cash dividend on common stock, from $0.47 to $0.53 per share, commencing in the third quarter of 2025.
The company repurchased 36.8 million common shares for $3.5 billion in 2025, under a $6.0 billion authorization approved in April 2024.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this filing as highly positive, reflecting strong financial performance across key metrics, effective capital management, and a proactive approach to strategic initiatives and regulatory compliance. While challenges in the Investment and Wealth Management segment and ongoing litigation are noted, the overall trajectory and robust capital position are favorable.

Positives

Net income applicable to common shareholders increased by 22% to $5.31 billion in 2025.
Diluted EPS grew by 28% to $7.40 in 2025.
Total revenue increased by 8% to $20.08 billion, with fee revenue up 6% and net interest income up 15%.
A $32 million benefit for credit losses in 2025 indicates an improved credit outlook.
Return on common shareholders equity (ROE) rose to 13.9% and Return on Tangible Common Shareholders Equity (ROTCE) increased to 26.1% in 2025.
AUC/A increased by 14% to $59.3 trillion, driven by client inflows, higher market values, and a weaker U.S. dollar.
AUM increased by 7% to $2.18 trillion, primarily due to higher market values and a weaker U.S. dollar.
Strong capital ratios, including a CET1 ratio of 11.9% and a Tier 1 leverage ratio of 6.0%, demonstrate robust financial health.
Quarterly cash dividend on common stock increased by 13% to $0.53 per share.
The company repurchased $3.5 billion of common shares in 2025, returning capital to shareholders.

Negatives

Investment and Wealth Management business segment's total revenue decreased by 4% to $3.26 billion in 2025.
The Investment Management line of business experienced cumulative net outflows in AUM, totaling $93 billion in long-term strategies in 2025.
Noninterest expense increased by 3% to $13.05 billion, driven by higher investments, employee merit increases, and revenue-related expenses, partially offset by efficiency savings.
The common dividend payout ratio decreased to 27% in 2025 from 31% in 2024, despite an increased dividend per share, indicating higher earnings growth relative to dividend growth.
The company's securities portfolio had a net unrealized loss of $3.0 billion at December 31, 2025, although this was an improvement from $6.2 billion in 2024.

Risks

Errors or delays in operational and transaction processing, or those of third parties, may materially adversely affect the business, financial condition, results of operations, and reputation.
A communications or technology disruption or failure within infrastructure or third-party infrastructure could result in information loss, access delays, or service impacts.
Cybersecurity incidents directed at the company or third parties could lead to theft, loss, disclosure, unauthorized access, or system failures, impacting business, reputation, and causing losses.
The development and use of artificial intelligence present risks and challenges that may materially adversely impact the business.
The risk management framework, policies, and processes may not be effective in identifying or mitigating risk, potentially leading to unexpected losses.
Limitations of models used to measure, monitor, and manage risk could lead to unexpected losses and adverse business impacts.
Extensive government rulemaking, policies, regulation, and supervision, and changes thereto, may compel changes in business management with material adverse effects.
Regulatory or enforcement actions or litigation could materially adversely affect results of operations or harm businesses or reputation.
Inability to attract, retain, develop, and motivate employees may adversely affect the business.
Failure or circumvention of controls, policies, and procedures could have a material adverse effect on business, financial condition, results of operations, and reputation.
Weakness and volatility in financial markets and the economy generally may materially adversely affect business, financial condition, and results of operations.
Dependence on fee-based business for a substantial majority of revenue, which could be adversely affected by slowing market activity, weak financial markets, underperformance, or negative trends in savings rates or investment preferences.
Levels of and changes in interest rates have impacted, and will continue to impact, profitability and capital levels, at times adversely.
Unrealized or realized losses on securities related to volatile and illiquid market conditions could reduce capital levels and/or earnings.
Failure or perceived weakness of any significant clients or counterparties, many of whom are major financial institutions or sovereign entities, and assumption of credit, counterparty, and concentration risk, could expose the company to credit losses.
Incurring losses if the allowance for credit losses, including loan and lending-related commitment reserves, is inadequate or if expectations of future economic conditions deteriorate.
Failure to effectively manage liquidity could adversely affect business, financial condition, and results of operations.
Failure to satisfy regulatory standards, including well capitalized and well managed status or capital adequacy and liquidity rules more generally, could result in limitations on activities and adversely affect business and financial condition.
The Parent is a non-operating holding company and is dependent on dividends from its subsidiaries and extensions of credit from the IHC to meet its obligations.
Ability to return capital to shareholders is subject to Board discretion and may be limited by U.S. banking laws and regulations, Delaware law, and failure to pay full and timely dividends on preferred stock.
Any material reduction in credit ratings could increase the cost of funding and borrowing and have a material adverse effect on business, financial condition, results of operations, and security value.
Application of the Title I preferred resolution strategy or resolution under the Title II orderly liquidation authority could adversely affect the Parent's liquidity, financial condition, and security holders.
New lines of business, new products and services, or transformational/strategic project initiatives subject the company to new or additional risks, and failure to implement these could affect results of operations.
Strategic transactions present risks and uncertainties and could have an adverse effect on business, financial condition, and results of operations.
Failure to realize some or all expected benefits of the transition to a platforms operating model.
Competition in all aspects of the business could negatively affect ability to maintain or increase profitability.
Businesses may be negatively affected by adverse events, publicity, government scrutiny, or other reputational harm.
Impacts from geopolitical events, acts of terrorism, war, extreme weather, natural disasters, pandemics, and similar events may have a negative impact on business and operations.
Differing expectations for sustainability-related initiatives across client segments and local markets could adversely affect business, client activity levels, subject to additional regulatory requirements, and damage reputation.
Tax law changes or challenges to tax positions with respect to historical transactions may adversely affect net income, effective tax rate, and overall results of operations and financial condition.
Changes in accounting standards governing financial statement preparation and future events could have a material impact on reported financial condition, results of operations, cash flows, and other financial data.

Future Outlook

The company's forward-looking statements indicate a focus on continued growth, profitability, and capital management, including dividends and repurchases. Strategic priorities include innovation in products and services, artificial intelligence, and transitioning to a platforms operating model to achieve efficiency savings. The company anticipates that proposed revisions to the capital plan rule will not impact its Stress Capital Buffer (SCB) requirement, which is expected to remain at 2.5% until October 1, 2027. The company is actively assessing the impact of evolving regulatory frameworks, such as the EU's Digital Operational Resilience Act (DORA), the Sustainable Finance Disclosures Regulation (SFDR) 2, and the transition to T+1 settlement cycles in Europe, on its business and operations. The effective date for FinCEN's AML/CFT program for investment advisers has been extended to January 1, 2028, allowing time for implementation.

Management Comments

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.
Our enduring ambition is to build the best global team—one that includes varying perspectives, backgrounds and experiences, and reflects the increasingly varied markets and clients we serve.
Our core objective is to empower our teams to do their best work, make unique contributions and build purposeful careers in an environment where they are treated with fairness, dignity and respect.
Creating an environment where everyone belongs is essential – that’s how we succeed.
In 2025, The Bank of New York Mellon Corporation again provided eligible employees an award of 10 restricted stock units or BK Shares. BK Shares is an equity grant that allows eligible employees to become equity owners, or increase their equity holdings in the Company, and share in the Company’s success.
In 2025 we built out our AI training offerings so all employees can develop this important future skill and contribute to our AI everywhere for everyone philosophy.

Industry Context

StockSavvy.ai notes that BNY Mellon operates in an intensely competitive global financial services industry, facing challenges from larger, more diverse companies and financial technology firms that often have fewer regulatory constraints and invest heavily in new technologies like artificial intelligence. The company is adapting to market and regulatory trends driving demand for lower-fee asset management products, while also capitalizing on increased outsourcing opportunities as clients seek to reduce operating costs and comply with regulations. The financial services sector remains highly susceptible to cybersecurity threats, requiring continuous investment in defenses. Globally, regulatory oversight is intensifying, with new frameworks emerging for AI, data protection, and sustainability, such as the EU's AI Act and DORA, and the UK's operational resilience regime. These evolving regulations, including those impacting capital and liquidity requirements (e.g., Basel III, LCR, NSFR), necessitate significant compliance efforts and may influence business strategies and profitability across the industry. The SEC's new rules for clearing U.S. Treasuries and amendments to Regulation S-P highlight a broader industry push for enhanced market integrity and customer information safeguarding. The ongoing transition to T+1 settlement cycles in Europe also reflects a significant industry-wide operational shift.

Comparison to Industry Standards

BNY Mellon serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally, indicating a strong market position compared to its peers.
The company supports governments in funding local projects and works with over 90% of the top 100 pension plans, demonstrating significant institutional reach.
BNY Mellon is one of the leading global investment services providers, with $43.0 trillion in AUC/A at December 31, 2025.
Its agency securities lending program is one of the largest lenders of U.S. and non-U.S. securities, servicing a lendable asset pool of approximately $6.1 trillion in 35 markets.
The company is a leading provider to the debt capital markets and one of the largest providers of depositary receipts services worldwide, partnering with companies from over 50 countries.
The Payments and Trade business is noted as a leading provider of global payments, liquidity management, and trade finance services for financial institutions, corporations, and the public sector.
BNY Mellon is the primary provider of U.S. government securities clearance and a significant provider of non-U.S. government securities clearance.
At December 31, 2025, 96% of the company's securities portfolio was rated AAA/AA-, a slight decrease from 99% in 2024, but still reflecting a high-quality portfolio compared to general market standards.
Financial institution exposures are high-quality, with 96% meeting investment grade equivalent criteria at December 31, 2025.
The company notes that the number of regulatory investigations and penalties has remained elevated for many firms in the financial services industry, including itself, suggesting it is subject to similar scrutiny as its peers.

Management Changes

Role	Previous Person	New Person	Effective Date	Reason
Chief Operating Officer	Alejandro Perez (previously Chief Administrative Officer)	Alejandro Perez	2026-02-23	Appointment to new role, previously served as Chief Administrative Officer and COO for global market infrastructure.
Chief Risk Officer	NA	Rajashree Datta	2025-04	Appointment to new role, previously Deputy Chief Risk Officer.
Chief Global Affairs Officer	Jayee Koffey (previously Chief Enablement and Global Affairs Officer)	Jayee Koffey	2026-01	Appointment to new role, previously served as Chief Enablement and Global Affairs Officer.
Chairman of the Board	NA	Robin Vince	2025-09	Appointment to new role, previously President and Chief Executive Officer.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Voting Standard	In any uncontested election of directors, each director will be elected under a majority voting standard (votes for exceed votes against), replacing a plurality voting standard. A plurality standard will still apply in contested elections.	NA	Enhances shareholder influence in uncontested director elections by requiring nominees to receive more 'for' votes than 'against' votes.
Director Resignation Policy	Any incumbent director who fails to receive more 'for' votes than 'against' votes in an uncontested election must tender their resignation to the independent Chair or Lead Director. The Corporate Governance, Nominating and Social Responsibility Committee will consider the resignation and recommend action to the Board within 90 days.	NA	Strengthens accountability of directors to shareholders and provides a formal process for addressing lack of majority support.
Stockholder Nomination Rights	Stockholders holding an aggregate net long position of at least 3% of outstanding Common Stock continuously for at least three years can nominate and include in proxy materials directors constituting up to two individuals or 20% of the board, whichever is greater, provided requirements are met.	NA	Increases shareholder engagement and influence in director elections, potentially leading to more diverse board composition.
Special Meeting Request Rights	Stockholders holding an aggregate net long position representing at least 20% of the outstanding Common Stock have the right to request that the Secretary call a special meeting of stockholders.	NA	Empowers a significant minority of shareholders to call special meetings, enhancing shareholder voice on critical matters.
Board Vacancy Filling	Vacancies on the board of directors may only be filled by a majority of directors then in office, except that vacancies from stockholder removal may be filled by stockholder vote at the same meeting.	NA	Maintains board control over filling most vacancies, but preserves shareholder power for vacancies resulting from their own removal actions.
Executive Incentive Compensation Plan	The Human Resources and Compensation Committee approved the 2026 Executive Incentive Compensation Plan (2026 EICP), replacing the 2019 Executive Incentive Compensation Plan. The 2026 EICP applies to annual incentive awards for selected executives, including named executive officers, beginning with the 2026 plan year. It provides for a minimum incentive award on a Change in Control and continues forfeiture and recovery provisions.	2026-03-01	Updates executive compensation structure, aligning incentives with company performance and risk management, and ensuring compliance with regulatory recovery provisions.
Executive Severance Plan	The Executive Severance Plan (ESP) was amended and restated to align with the 2026 EICP, maintaining the same severance formulas.	2026-03-01	Ensures consistency in executive compensation and severance policies, particularly in relation to incentive plans and potential change-in-control scenarios.

Legal Proceedings

BNY has been named as a defendant in multiple legal actions by MBS investors alleging expansive trustee duties under governing agreements, with cases pending in New York federal and state courts.
Several lawsuits and arbitration proceedings against Pershing LLC and The Bank of New York Mellon related to R. Allen Stanford's Ponzi scheme are ongoing, with allegations of assisting in fraudulent schemes and asserting contractual, statutory, and common law claims. A class certification motion was denied in one case in August 2025.
BNY subsidiaries (DTVM, Ativos, Alocao de Patrimnio) face multiple lawsuits and administrative proceedings in Brazil from Postalis and ADCAP, alleging failure to properly perform duties related to investment funds, with some judgments against the subsidiaries and ongoing appeals.
German authorities are investigating past cum/ex trading by third-party investment funds, with BNY subsidiaries having received secondary liability notices totaling approximately $150 million related to pre-acquisition activity, which are currently under appeal.
The company resolved SEC and CFTC matters regarding compliance with recordkeeping obligations for off-channel business communications, paying a $40 million penalty to the SEC in August 2024 and $500,000 to the CFTC in September 2025.
BNY is responding to SEC investigative requests concerning Pershing LLC's compliance with SEC Rule 15c3-3.
BNY is defending various lawsuits in Russian courts seeking to recover assets blocked by international sanctions laws, including a judgment against BNY for $251 million in a lawsuit by the Deputy Prosecutor General of the Russian Federation, which BNY appealed in October 2025.
The aggregate range of reasonably possible loss for matters where BNY is able to estimate is up to $700 million in excess of any accrued liability.

Related Party Transactions

The Parent is dependent on dividends from its subsidiaries and extensions of credit from its Intermediate Holding Company (IHC) to meet its obligations.
The Parent guarantees the uncommitted lines of credit of Pershing LLC and Pershing Limited subsidiaries.
BNY and CIBC (Canadian Imperial Bank of Commerce) severally indemnify securities lenders against specific types of borrower default in their CIBC Mellon joint venture.
BNY is a noncontrolling equity investor in, and/or member of, several industry clearing or settlement exchanges.

Stakeholder Impact

Shareholders: Benefit from increased net income, diluted EPS, higher dividends, and share repurchases. Face risks from market volatility, regulatory changes, and potential dilution from future capital raises.
Employees: Benefit from employee merit increases, equity grants (BK Shares), and AI training initiatives. Subject to new executive compensation plans and potential workforce changes due to AI.
Clients: Benefit from new business offerings, enhanced technology solutions (e.g., Wove), and expanded global services. Exposed to risks from operational errors, cybersecurity incidents, and market volatility affecting service delivery.
Creditors: Benefit from strong capital ratios and robust liquidity management. Parent company creditors are effectively subordinated to subsidiary creditors in the event of liquidation.
Regulators: Engage in ongoing oversight, examinations, and enforcement actions, particularly concerning capital adequacy, liquidity, cybersecurity, AI, and AML compliance. The company's compliance efforts are critical to maintaining regulatory standing.

Next Steps

Assess outstanding proposals regarding the stress testing framework.
Assess the impact of the EU's Omnibus package changes on CSRD and CSDDD obligations.
Apply simplification for Taxonomy reporting for BNY SA/NV's 2025 financial year reporting.
Assess the impact of SFDR 2 proposals on the business.
Implement technical and operational updates for the T+1 settlement cycle transition in EU/EEA and UK by October 11, 2027.
Implement a program designed to meet FinCEN's AML/CFT regulatory requirements by January 1, 2028.
Submit the next full resolution plan on or before July 1, 2027.
Continue to monitor developments regarding various regulatory proposals and changes.

Key Dates

Date	Description
2007-06-15	Series A Certificate of Designations filed.
2015-12	Two mortgage-securitization trusts proceedings commenced in New York federal court.
2016-05	Two putative class action proceedings against Pershing LLC related to R. Allen Stanford filed in New Jersey federal court.
2017-02	Two mortgage-securitization trusts proceedings commenced in New York federal court.
2019-03	A group of investors filed a putative class action against The Bank of New York Mellon in New Jersey federal court related to R. Allen Stanford.
2020-11-02	Certificate of Designations of The Bank of New York Mellon Corporation with respect to the Series H Noncumulative Perpetual Preferred Stock filed.
2020-11	Received secondary liability notices from German tax authorities totaling approximately $150 million related to pre-acquisition activity.
2020-12	Received secondary liability notices from German tax authorities totaling approximately $150 million related to pre-acquisition activity.
2021-09	Three mortgage-securitization trusts proceedings pending in New York state court.
2021-11-05	The class action filed in New Jersey against Pershing LLC related to R. Allen Stanford was dismissed.
2021-11-12	The class action against The Bank of New York Mellon related to R. Allen Stanford was dismissed.
2021-11-16	Certificate of Designations of The Bank of New York Mellon Corporation with respect to the Series I Noncumulative Perpetual Preferred Stock filed.
2021-12	Three mortgage-securitization trusts proceedings pending in New York state court.
2022-12-15	An appeals court reversed the dismissal of the class action against The Bank of New York Mellon related to R. Allen Stanford and returned the case to the trial court.
2023-01-01	Share repurchase program approved by the Board of Directors for up to $5.0 billion of common shares began.
2023-02	Received secondary liability notices from German tax authorities totaling approximately $150 million related to pre-acquisition activity.
2023-03-01	The Bank of New York Mellon Corporation 2023 Long-Term Incentive Plan filed.
2023-09-20	SEC adopted amendments expanding the scope of terms that the SEC considers materially deceptive and misleading in a funds name without a corresponding policy and related controls to invest at least 80% of the funds net asset value.
2023-11-16	FDIC adopted a final rule, effective April 1, 2024, implementing a special assessment on IDIs.
2023-12-01	The Bank of New York Mellon submitted its last IDI resolution plan to the FDIC.
2023-12	The Parent redeemed all outstanding shares of its Series D preferred stock.
2024-01-01	California enacted three statutes imposing extensive new climate-related disclosure obligations, effective.
2024-04-01	FDIC special assessment final rule became effective.
2024-04	A new authorization providing for the repurchase of $6.0 billion of common shares was announced.
2024-05-16	SEC adopted amendments (S-P Amendments) to Regulation S-P, effective August 2, 2024.
2024-05-31	FCA rules on anti-greenwashing became applicable.
2024-06-20	FDIC issued a final rule amending its resolution planning rule applicable to covered IDIs.
2024-06-28	An unincorporated association filed a lawsuit in New Jersey federal court against The Bank of New York Mellon related to R. Allen Stanford.
2024-07-12	The EU's Regulation on Artificial Intelligence (AI Act) was published in the Official Journal of the EU and came into force on August 1, 2024.
2024-07-27	The Federal Reserve, OCC, and FDIC proposed substantial revisions to capital requirements applicable to large banking organizations.
2024-08-02	S-P Amendments became effective.
2024-08-14	The SEC issued an order under which the Company agreed to pay a $40 million penalty and certain undertakings to resolve the SEC matter regarding off-channel communications.
2024-08-28	FinCEN adopted a final rule requiring certain investment advisers to establish anti-money laundering/countering the financing of terrorism (AML/CFT) programs.
2024-10-01	The FDIC resolution planning rule became effective. BNY's SCB requirement remained at 2.5%.
2024-10-24	The Federal Reserve proposed to revise its stress testing framework to increase transparency.
2024-11-25	The Federal Reserve, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation jointly issued a final rule recalibrating the Enhanced Supplementary Leverage Ratio (eSLR) for G-SIBs.
2025-03-07	Certificate of Designations of The Bank of New York Mellon Corporation with respect to the Series J Noncumulative Perpetual Preferred Stock filed.
2025-03-13	Certificate of Designations of The Bank of New York Mellon Corporation with respect to the Series K Noncumulative Perpetual Preferred Stock filed.
2025-04	Rajashree Datta appointed Senior Executive Vice President, Chief Risk Officer.
2025-04-07	Court found DTVM, Ativos, and two other defendants jointly and severally liable for approximately $3 million in Brazilian Postalis Litigation.
2025-04-15	An EU directive amending the AIFMD and UCITS V (AIFMD II or the Omnibus Directive) entered into force.
2025-07-01	BNY submitted a targeted resolution plan.
2025-07	The Board of Directors approved a 13% increase in the quarterly cash dividend on common stock, from $0.47 to $0.53 per share.
2025-07-30	TCU rendered a decision in Brazilian Postalis Litigation, finding DTVM, Ativos, and former Postalis directors jointly and severally liable for approximately $185 million.
2025-08-01	Individual provisions of the EU AI Act came into force.
2025-08-05	The trial court denied plaintiffs motion for class certification in the R. Allen Stanford class action against The Bank of New York Mellon.
2025-08	The Federal Reserve announced that BNY's SCB requirement would remain at 2.5%, effective October 1, 2025.
2025-09-04	The CFTC issued an order under which the Company agreed to pay $500,000 to resolve the off-channel communications matter.
2025-09-09	DTVM and Ativos appealed the April 7, 2025, court decision in Brazilian Postalis Litigation.
2025-09-09	Certificate of Designations of The Bank of New York Mellon Corporation with respect to the Series L Noncumulative Perpetual Preferred Stock filed.
2025-09-11	The Russian court issued a judgment against BNY and its co-defendants in a lawsuit by the Deputy Prosecutor General of the Russian Federation.
2025-09-15	DTVM and Ativos filed an administrative appeal regarding the July 30, 2025, TCU decision in Brazilian Postalis Litigation.
2025-09-20	Dividends on the Series J Preferred Stock commenced.
2025-09-29	The arbitration panel found DTVM and Ativos partially liable in the Brazilian Postalis Litigation arbitration.
2025-09	The Parent redeemed all outstanding shares of its Series G preferred stock.
2025-10-01	BNY's SCB requirement remained at 2.5% effective.
2025-10-07	The OCC and FDIC issued proposed rules to codify the elimination of reputation risk from their supervisory programs.
2025-10-13	BNY appealed the Russian court's judgment from September 11, 2025.
2025-10-14	Regulation (EU) 2025/2075 was published, amending the Central Securities Depositories Regulation to shorten the settlement cycle for EU transactions to T+1 from October 11, 2027.
2025-10-16	The OCC, FDIC, and Federal Reserve rescinded their respective previously issued guidance regarding climate-related risk.
2025-10-31	Amended and Restated By-Laws of The Bank of New York Mellon Corporation, as amended and restated, filed.
2025-11-05	The Federal Reserve finalized changes to its supervisory rating framework for LFIs.
2025-11-18	The Ninth Circuit Court of Appeals stayed enforcement of California SB 261. The Federal Reserve released a memorandum outlining a revised Statement of Supervisory Principles.
2025-11-20	The European Commission published its proposals for the Sustainable Finance Disclosures Regulation (SFDR) 2. The UK Government published a draft of The Central Securities Depositaries (Amendment) (Intended Settlement Date) Regulations 2026.
2025-11-25	The Federal Reserve, OCC, and FDIC jointly issued a final rule recalibrating the Enhanced Supplementary Leverage Ratio (eSLR) for G-SIBs.
2025-12-01	The California Air Resources Board (CARB) issued initial proposed regulations for SB 253 and SB 261.
2025-12-15	ASU 2024-03, Income Statement Reporting Comprehensive Income Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, is effective for annual reporting periods beginning after this date.
2025-12-16	The FDIC proposed an interim final rule, effective December 19, 2025, reducing the special assessment.
2025-12-19	The FDIC interim final rule reducing the special assessment became effective.
2025-12-20	Dividends on the Series L Preferred Stock commenced.
2025-12	Compliance date for BNY for the SEC's S-P Amendments.
2026-01	Jayee Koffey appointed Senior Executive Vice President, Chief Global Affairs Officer. The Parent issued $1.25 billion of fixed-to-floating rate callable senior notes maturing in 2030 and $300 million of floating rate callable senior notes maturing in 2030.
2026-02-02	Individual provisions of the EU AI Act apply on a rolling basis from this date.
2026-02-04	The Federal Reserve announced that firms will continue to be subject to their current SCB until they receive new SCBs in 2027.
2026-02-19	The UK government confirmed that the UK will transition to a T+1 standard for settling securities on October 11, 2027.
2026-02-23	The Human Resources and Compensation Committee approved the 2026 Executive Incentive Compensation Plan (2026 EICP) and amended and restated the Executive Severance Plan (ESP). Alejandro Perez was appointed Chief Operating Officer.
2026-02-25	Date of this Annual Report on Form 10-K.
2026-02-26	Public hearing to consider proposed regulations for California SB 253 and SB 261.
2026-03-01	The 2026 EICP and the amended and restated ESP became effective.
2026-04-01	Compliance date for the recalibrated eSLR for G-SIBs.
2026-04	EU Member States have until this date to implement the relevant changes under AIFMD II/the Omnibus Directive into their national laws.
2026-06-11	Compliance date for fund groups for the SEC's 80% Policy.
2026-12-11	Compliance date for fund groups for the SEC's 80% Policy.
2026-12-15	ASU 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements, is effective for annual reporting periods beginning after this date.
2026-12-31	Compliance date for all eligible cash market transactions under the SEC's final rule requiring covered clearing agencies to clear U.S. Treasuries.
2027-01-01	Amended UK CRR rules are set to apply from this date.
2027-06-30	Compliance date for all eligible repo market transactions under the SEC's final rule requiring covered clearing agencies to clear U.S. Treasuries.
2027-07-01	The next full resolution plan submission is due on or before this date.
2027-08-02	Individual provisions of the EU AI Act apply on a rolling basis until this date.
2027-10-01	BNY's current SCB will remain in effect until this date, unless the Federal Reserve determines otherwise.
2027-10-11	Coordinated EU/EEA and UK transition to a T+1 settlement cycle for securities.
2027-12-15	ASU 2024-03, Income Statement Reporting Comprehensive Income Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, is effective for interim reporting periods beginning after this date.
2027-12-15	ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, is effective for annual reporting periods beginning after this date.
2028-01-01	FinCEN's AML/CFT program rule effective date extended to this date.
2029	U.S. foreign tax credit carryforwards begin to expire.
2030	Maximum term for transactions under a Rule 10b5-1 Plan.
2031	4.942% fixed-to-floating callable senior notes due.
2036	5.316% fixed-to-floating callable senior notes due.
2038	Floating rate callable senior notes due.
2039	Subordinated debt due.

Recommendation

buy

BNY Mellon's 2025 performance demonstrates strong financial health and operational efficiency, with significant increases in net income, EPS, and total revenue. The positive shift in the provision for credit losses, robust capital ratios, and increased capital returns to shareholders (dividends and share repurchases) are all highly favorable indicators. While the Investment and Wealth Management segment experienced some revenue decline and AUM outflows, and legal/regulatory challenges persist, the overall financial strength, strategic focus on technology and AI, and leading market positions across its core businesses suggest a positive outlook. A seasoned investor would likely view these results as a strong signal for continued growth and shareholder value creation, making it an attractive investment.

Keywords

Financial Services, Bank Holding Company, Asset Servicing, Investment Management, Wealth Management, SEC Filing, Form 10-K, Capital Ratios, Dividends, Share Repurchases, Regulatory Compliance, Cybersecurity, Artificial Intelligence, Risk Management, Liquidity, Credit Risk, Market Risk, Corporate Governance, Preferred Stock, Common Stock, AUC/A, AUM, Net Interest Income, Noninterest Expense, Legal Proceedings

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