Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 123

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 123
---
 bps |
| Adjusted return on tangible common equity—Non-GAAP                                                                                                                       |                       |   |  23.8% |   |     |   |  21.8% |   |     |   |  21.1% |   |     |   |   17.6% |   |     |     | 199 bps |
| Three-year average adjusted return on tangible common equity—Non-GAAP                                                                                                    |                       |   |  22.2% |   |     |   |        |   |     |   |        |   |     |   |         |   |     |     |         |

| (a) | Results for 2021 were not restated to reflect the retrospective application of adopting new accounting guidance in 2024 related to our investments in renewable energy projects using the proportional amortization method (Accounting Standards Update 2023-02). |

| (b) | See pages 107 and 108 for details of notable items. Notable items in 2022 include goodwill impairment, net loss from repositioning the securities portfolio, severance expense, litigation reserves, revenue reduction related to Russia, primarily the accelerated amortization of deferred costs for depositary receipts services, and gains on disposals. Notable items in 2021 include litigation reserves, severance expense and gains on disposals. |

BNY 2025 PROXY STATEMENT 109

ANNEX A: NON-GAAP RECONCILIATIONS Securities Services business segment – Reconciliation of Non-GAAP measures, excluding notable items

|                                                                       | (dollars in millions) |   |  2024 |   |     |   |  2023 |   |     |     | 2024 vs. 
     2023 |   |
|:----------------------------------------------------------------------|:----------------------|:--|------:|:--|:----|:--|------:|:--|:----|:----|---------:|:--|
| Total revenue—GAAP                                                    |                       | $ | 8,916 |   |     | $ | 8,598 |   |     |     |        4 | % |
| Less: Disposal (loss)                                                 |                       |   |     — |   |     |   |    (6 | ) |     |     |          |   |
| Adjusted total revenue—Non-GAAP                                       |                       | $ | 8,916 |