The Bank of New York Mellon Corporation (“BNY”) (NYSE:BK) on Tuesday reported fourth-quarter 2025 diluted earnings per common share of $2.02 and adjusted diluted EPS of $2.08, beating the analyst estimate of $1.98.
Total revenue rose 7% year over year to $5.179 billion, also exceeding the consensus estimate of $5.136 billion, driven by fee revenue of $3.698 billion, up 5%, and net interest income of $1.346 billion, up 13%.
Net income applicable to common shareholders increased 26% to $1.427 billion, and the pre-tax operating margin was 36%. Return on equity was 14.5% and return on tangible common equity was 26.6%.
Results included $51 million of notable noninterest expense, primarily related to severance, partially offset by an adjustment to the FDIC special assessment.
Non-interest expense totaled $3.360 billion, flat year-over-year, or up 4% excluding notable items. Provision for credit losses was a benefit of $26 million, driven by improvements in commercial real estate exposure and changes in the macroeconomic forecast.
The effective tax rate was 20.4%, and net interest margin …