The Bank of New York Mellon Corporation (BNY) is a global financial services company that specializes in investment management, asset servicing, and wealth management. As of December 31, 2024, BNY oversees $52.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management.

BNY is currently experiencing significant growth. In the fourth quarter of 2024, the company reported total revenue of $4.8 billion, an 11% increase year-over-year, and total revenue for the full year 2024 reached $18.6 billion, marking a 5% rise compared to 2023. Net interest income for the fourth quarter was $1.2 billion, up 8% compared to the same quarter last year, contributing to a full-year total of $4.3 billion which was a slight drop of 1% year-over-year.

The firm reported a net income applicable to common shareholders of $1.1 billion, or $1.54 per share in the fourth quarter, compared to $162 million, or $0.21 per share in the same quarter of 2023, reflecting a 633% year-over-year increase. For the full year, BNY achieved net income of $4.3 billion, up 41% from $3.1 billion in 2023. The adjusted diluted earnings per share increased to $1.72 for the fourth quarter, up 33% from $1.29 year-over-year, and for the full year adjusted diluted EPS reached $6.03, up 19% from 2023.

The company’s pre-tax operating margin for the fourth quarter was 30%, while adjusted pre-tax operating margin was reported at 34%. For 2024, the overall pre-tax margin was 31%, improving from 24% in 2023, and the adjusted pre-tax margin increased to 33% from 30% year-over-year. Return on common equity was reported at 12.2%, while return on tangible common equity was 23.3%, with adjusted ROTCE at 26.1%.

Noninterest expenses for the fourth quarter amounted to $3.4 billion, a decrease of 16% from the previous year. For the full year, noninterest expenses were reported at $12.7 billion, down 4% from 2023. The firm maintained a total payout ratio of 102% for the entire year, driven by $4.4 billion in capital returned to shareholders, including $1.3 billion in dividends and $3.1 billion in share repurchases.

As of December 31, 2024, BNY’s capital ratios included a Common Equity Tier 1 (CET1) ratio of 11.2%, and a Tier 1 leverage ratio of 5.7%, indicating stable capital adequacy. Average total deposits were noted at $286 billion, representing a year-over-year growth of 5%.

Overall, BNY’s financial performance demonstrates robust growth in revenue and profitability amid effective cost management and significant capital returns to shareholders.