Q2 2025 Bank of New York Mellon Corp Earnings Call Transcript
Key Points
- Bank of New York Mellon Corp (BK) reported a strong second quarter with earnings per share of $1.93, up 27% year over year.
- Total revenue exceeded $5 billion for the first time in a quarter, marking a 9% increase year over year.
- The company achieved significant positive operating leverage, approximately 500 basis points on both a reported and operating basis.
- Return on tangible common equity improved to 28%, reflecting the company's robust financial performance.
- The commercial model has shown effectiveness with record sales for two consecutive quarters, indicating strong client engagement and growth potential.
- Investment management and performance fees were flat, with growth offset by the mix of AUM flows and certain rebates.
- Assets under management saw net outflows of $17 billion, driven by index, multi-assets, and equity strategies.
- The investment and wealth management segment reported a 2% decline in total revenue year over year.
- The company's Tier 1 leverage ratio decreased by 17 basis points sequentially to 6.1%.
- The liquidity coverage ratio dropped by 4 percentage points sequentially, reflecting elevated deposit balances.
Good morning and welcome to the 2025 second-quarter earnings conference call hosted by BNY.
(Operator Instructions)
Please note that this conference call and webcast will be recorded and will consist of copyrighted material. You may not record or rebroadcast these materials without BNY's consent.
I will now turn the call over to Marius Merz, BNY Head of Investor Relations. Please go ahead.
Thank you, operator. Good morning, everyone. Welcome to our second quarter earnings call. I'm here with Robin Vince, our Chief Executive Officer, and Dermot McDonogh, our Chief Financial Officer.
We will reference the quarterly update presentation which can be found on the Investor Relations page of our website at bny.com. And I'll note that our remarks will contain forward-looking statements and non-GAAP measures. Actual results may differ materially from those projected in the forward-looking statements. Information about these statements and non-GAAP measures is
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