Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 122

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 122
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-tax operating margin reconciliation

|                                                                       | (dollars in millions) |   |   2024 |   |     |   |   2023 |   |
|:----------------------------------------------------------------------|:----------------------|:--|-------:|:--|:----|:--|-------:|:--|
| Income before income taxes—GAAP                                       |                       | $ |  5,848 |   |     | $ |  4,283 |   |
| Less: Impact of notable items(a)                                      |                       |   |   (221 | ) |     |   | (1,143 | ) |
| Adjusted income before income taxes, excluding notable items—Non-GAAP |                       | $ |  6,069 |   |     | $ |  5,426 |   |
| Total revenue—GAAP                                                    |                       | $ | 18,619 |   |     | $ | 17,697 |   |
| Less: Impact of notable items(a)                                      |                       |   |      — |   |     |   |   (150 | ) |
| Adjusted total revenue, excluding notable items—Non-GAAP              |                       | $ | 18,619 |   |     | $ | 17,847 |   |
| Pre-tax operating margin—GAAP(b)                                      |                       |   |  31.4% |   |     |   |  24.2% |   |
| Adjusted pre-tax operating margin—Non-GAAP(b)                         |                       |   |  32.6% |   |     |   |  30.4% |   |

| (a) | See page 107 for details of notable items. |

| (b) | Income before income taxes divided by total revenue. |

Return on common equity and return on tangible common equity reconciliation

|                                                                                                                                                                          | (dollars in millions) |   |   2024 |   |     |   |   2023 |   |     |   |   2022 |   |     |   | 2021(a) |   |     |     | 2024 vs 
 2023    |
|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----------------------|:--|-------:|:--|:----|:--|-------:|:--|:----|:--|-------:|:--|:----|:--|--------:|:--|