NYSE$BK

Bank of New York Mellon Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

BNY Mellon's Q2 2022 results reflected a year-over-year revenue increase, driven by growth in fee and net interest revenue, but were impacted by higher expenses and provisions for credit losses.

BNY Mellon reported Q2 2022 financial results with a 7% increase in revenue year-over-year, driven by growth in fee revenue and net interest revenue. However, the company also experienced a rise in expenses and provisions for credit losses, impacting overall profitability.

  • Revenue increased by 7% year-over-year, with fee revenue up 4% and net interest revenue up 28%.
  • Expenses rose by 12% year-over-year, or 8% excluding notable items.
  • Provision for credit losses was $47 million, compared to a provision benefit of $86 million in Q2 2021.
  • The company returned $0.3 billion to common shareholders in dividends and increased the quarterly dividend by 9% to $0.37 per common share for Q3 2022.

Headline financials

Total Revenue

$4.25B

Previous: $3.96B+7.4%
EPS (adj)

$1.03

Previous: $1.13-8.8%
Assets under custody/admin

$31T

Previous: $45T-31.1%
Assets under management

$1.94T

Previous: $2.3T-15.8%
Capital Expenditures

-$871M

Previous: -$465M-87.3%
Free Cash Flow

-$2M

Previous: $557M-100.4%
Net Income

$869M

Previous: $1.02B-15.0%
Operating Income

$2.91B

Previous: $2.94B-1.0%
Gross Profit

$4.21B

Previous: $3.87B+8.6%
Cash & Equivalents

$5.19B

Previous: $5.15B+0.6%
Total Assets

$453B

Previous: $467B-3.1%

Revenue & EPS history

BNY Mellon · Revenue · Quarterly

$4.25B

Q2 2022+7.4%vs Q2 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

BNY Mellon · $3.01B total across 5 segments · Q3 2021

  • Asset Servicing
    $1.44B+6.1%
  • Pershing
    $566M+5.2%
  • Issuer Services
    $400M-8.0%
  • Payments and Trade
    $326M+0.9%
  • Clearance & Collateral Mgmt
    $281M

Forward guidance

Cautionary statement indicates that a number of statements are forward-looking and based on assumptions that involve risks and uncertainties.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.3%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+2.1%

Avg return

30 days after

58%

42 / 73 earnings

Positive

+8.3%

Q4 2024

Best reaction

-9.4%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.8%+4.5%+2.3%
Q4 2025+2.1%+4.5%+2.3%
Q3 2025-2.1%-1.8%+1.4%
Q2 2025+1.4%-0.8%+4.5%
Q1 2025+1.4%-1.1%+12.1%
Q4 2024+8.3%+9.7%+15.7%
Q3 2024+2.8%+3.8%+3.5%
Q2 2024+6.9%+4.3%+3.8%
Q1 2024-1.1%+2.2%+6.7%
Q4 2023+5.0%+4.0%+4.7%
Q3 2023+3.1%-0.4%+11.1%
Q2 2023+4.7%+3.4%+1.3%
Q1 2023+2.3%-0.4%-7.1%
Q4 2022+3.2%+2.2%+6.7%
Q3 2022+4.0%+4.7%+14.1%
Q2 2022+5.8%+6.7%+11.0%
Q1 2022-1.6%-6.5%-8.5%
Q4 2021-6.9%-10.1%-9.8%
Q3 2021+3.3%+4.0%+0.6%
Q2 2021+0.2%+0.3%+9.3%
Q1 2021-2.5%-1.7%+7.9%
Q4 2020-7.8%-9.9%-7.6%
Q3 2020-0.7%-0.9%+4.0%
Q2 2020-5.7%-7.8%-3.7%
Q1 2020+8.0%+1.7%-7.4%
Q4 2019-8.9%-7.7%-9.4%
Q3 2019+0.0%+3.0%+9.5%
Q2 2019+4.1%+6.3%-1.8%
Q1 2019-9.4%-9.8%-13.8%
Q4 2018+4.3%+6.6%+7.2%
Q3 2018-3.6%-5.8%+0.5%
Q2 2018-5.7%-2.6%-7.1%
Q1 2018+6.0%+6.0%+9.0%
Q4 2017-2.2%-0.3%-2.8%
Q3 2017-2.5%-2.9%-3.7%
Q2 2017+0.6%+1.3%-1.8%
Q1 2017-0.2%+0.8%-0.7%
Q4 2016-3.6%-3.5%+2.0%
Q3 2016+6.5%+7.3%+17.3%
Q2 2016-2.0%-1.0%+0.6%
Q1 2016+3.4%
Q4 2015-0.9%
Q3 2015+1.7%
Q2 2015+4.1%
Q1 2015+3.8%
Q4 2014-3.4%
Q3 2014+0.6%
Q2 2014+1.2%
Q1 2014+1.5%
Q4 2013-2.4%
Q3 2013+1.6%
Q2 2013+3.7%
Q1 2013-3.8%
Q4 2012-1.3%
Q3 2012+6.0%
Q2 2012-2.0%
Q1 2012-2.8%
Q4 2011+0.4%
Q3 2011-4.5%
Q2 2011-7.4%
Q1 2011+2.0%
Q4 2010-1.5%
Q4 2009-1.5%
Q3 2010-1.5%
Q2 2010-0.6%
Q1 2010+1.8%
Q4 2007+0.1%
Q3 2008+2.7%
Q3 2009+2.7%
Q2 2008+0.9%
Q2 2009+0.9%
Q1 2009+0.9%
Q4 2008+0.9%

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