Bank of New York Mellon Corp
For the period ended Mar 31, 2026. Filed May 1, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 1, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Noninterest expense
| Noninterest expense · % | |||
|---|---|---|---|
| (dollars in millions) | 1Q26 | 1Q25 | change |
| Staff | $1,888 | $1,834 | 3% |
| Software and equipment | 556 | 513 | 8 |
| Professional, legal and other purchased services | 388 | 366 | 6 |
| Sub-custodian and clearing | 151 | 131 | 15 |
| Net occupancy | 123 | 136 | (10) |
| Distribution and servicing | 73 | 65 | 12 |
| Business development | 50 | 48 | 4 |
| Bank assessment charges | 24 | 38 | N/M |
| Amortization of intangible assets | 9 | 11 | (18) |
| Other | 138 | 110 | 25 |
| Total noninterest expense | $3,400 | $3,252 | 5% |
| Full-time employees at period-end | 47,200 | 51,000 | (7)% |
Total noninterest expense increased 5% compared with the first quarter of 2025, reflecting higher investments and revenue-related expenses, an unfavorable impact of the weaker U.S. dollar and employee merit increases, partially offset by efficiency savings, lower severance expense and the net impact of adjustments for the FDIC special assessment.
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