BNY Mellon said diluted earnings per share for Q4 2023 were $0.33, down 47% from a year earlier, and adjusted earnings per share were $1.28. Total revenue for the quarter was $4.3 billion, up 10% from a year earlier.

1. 01

   BNY Mellon said diluted earnings per share for Q4 2023 were $0.33, down 47% from a year earlier, and adjusted earnings per share were $1.28. Total revenue for the quarter was $4.3 billion, up 10% from a year earlier.

2. 02

   The company cited $752 million of noninterest expense related to the FDIC special assessment, severance and litigation reserves, and a $150 million decline in investment and other revenue, primarily from a fair value adjustment of a contingent consideration receivable tied to a prior year divestiture, as notable items in Q4 2023 results.

3. 03

   The company said diluted earnings per share for 2023 were $4.00, up 38% from 2022 $2.90, and adjusted earnings per share were $5.05, up 10%. Total revenue for the full year was $17,502 million, up 7%.

4. 04

   The company said it returned $3.9 billion to common shareholders in 2023, including $1.3 billion in dividends and $2.6 billion in share repurchases. As of December 31, 2023, the CET1 ratio was 11.6% and the Tier 1 leverage ratio was 6.0%.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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