NYSE$BK

Bank of New York Mellon Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported fourth quarter earnings with revenue down 2% and EPS down 39%.

BNY Mellon reported solid underlying performance in Q4 2022, benefiting from higher interest rates and healthy growth across several businesses, despite market level declines. Reported results reflect deliberate actions to improve revenue growth and efficiency for 2023 and beyond.

  • Total revenue of $3.9 billion, decreased 2%; or increased 9% excluding notable items.
  • Net interest revenue increased 56%.
  • Fee revenue was flat.
  • AUC/A of $44.3 trillion, decreased 5%, primarily market impact.

Headline financials

Total Revenue

$4.38B

Previous: $4.02B+9.0%
EPS (adj)

$1.30

Previous: $1.04+25.0%
Assets under custody/admin

$44.3T

Previous: $46.7T-5.1%
Assets under management

$1.8T

Previous: $2.4T-25.0%
Capital Expenditures

$357M

Previous: $374M-4.5%
Free Cash Flow

$2.57B

Previous: $2.76B-6.8%
Net Income

$543M

Previous: $869M-37.5%
Operating Income

$685M

Previous: $1.07B-35.7%
Gross Profit

$3.83B

Previous: $3.94B-2.7%
Cash & Equivalents

$5.03B

Previous: $6.06B-17.0%
Total Assets

$406B

Previous: $444B-8.7%

Revenue & EPS history

BNY Mellon · Revenue · Quarterly

$4.38B

Q4 2022+9%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
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

As we enter 2023, we remain focused on growing and deepening our strong client franchise, together with driving greater efficiency in our operating model. I am confident in BNY Mellon’s ability to create further value for all our stakeholders in the years ahead.

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 Q4 2022

Historical avgQ4 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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