The company said it reported total revenue of $4,527 million for Q1 2024, net income applicable to common shareholders of $953 million, and diluted EPS of $1.25, and that adjusted diluted EPS excluding notable items was $1.29.

1. 01

   The company said it reported total revenue of $4,527 million for Q1 2024, net income applicable to common shareholders of $953 million, and diluted EPS of $1.25, and that adjusted diluted EPS excluding notable items was $1.29.

2. 02

   BNY Mellon said investment services fees for Q1 2024 rose 8% from a year earlier, while net interest income fell 8% year over year to $1,040 million.

3. 03

   The company said noninterest expense for Q1 2024 rose 2% year over year to $3,176 million, and rose 1% to $3,138 million excluding notable items. It cited higher investments, severance expense and employee merit increases as factors behind the increase.

4. 04

   BNY Mellon said it paid common dividends of $324 million and repurchased shares for $988 million in Q1 2024, and that its board authorized a new common share repurchase program of $6 billion. The company said its CET1 ratio was 10.8% as of March 31, 2024.

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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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