The Bank of New York Mellon delivered fourth-quarter adjusted earnings of $2.08 per share, surpassing the consensus estimate of $1.99. Total revenue for the quarter reached $5.18 billion, up 7% year over year and slightly above analyst projections. Net interest income climbed 13% to $1.35 billion, driven by reinvestment of maturing securities at higher yields and balance-sheet growth, while fee revenue increased 5% compared with the prior-year period.

Assets under custody and administration expanded 14% year over year to $59.3 trillion, reflecting robust inflows and market appreciation. Assets under management rose 7% to $2.2 trillion, supported by diversified fund performance and new client mandates. This custody and management growth underscores BNY Mellon’s leadership in institutional services and contributes to recurring fee income.

For full-year 2025, the bank reported record net income of $5.3 billion and record revenue of $20.1 billion, representing an 8% increase over 2024. Return on tangible common equity reached 26%. Adjusted earnings per share for the year totaled $7.50, a 24% increase from the prior year. The strong capital position enabled continued shareholder distributions, with common dividends increased in accordance with board guidance and a sustained share repurchase authorization.