XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.25.3

Loans and asset quality (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Receivables [Abstract] |
Schedule of Loan Portfolio and Industry Concentrations of Credit Risk | The table below provides the details of our loan portfolio.
Loans | Sept. 30, 2025 | Dec. 31, 2024
(in millions)
Commercial | $ | 1,333 |  | $ | 1,420 |
Commercial real estate | 6,767 |  | 6,782 |
Financial institutions | 13,038 |  | 13,167 |
Lease financings | 93 |  | 603 |
Wealth management loans | 9,180 |  | 8,698 |
Wealth management mortgages | 8,707 |  | 8,950 |
Other residential mortgages | 1,767 |  | 1,068 |
Capital call financing | 4,990 |  | 5,163 |
Other | 3,584 |  | 3,063 |
Overdrafts | 2,652 |  | 3,519 |
Margin loans | 23,084 |  | 19,137 |
Total loans (a) | $ | 75,195 |  | $ | 71,570 |
(a) Net of unearned income of $94 million at Sept. 30, 2025 and $230 million at Dec. 31, 2024 primarily related to lease financings.
Summary of Transactions in the Allowance for Credit Losses | Activity in the allowance for credit losses on loans and lending-related commitments is presented below. This does not include activity in the allowance for credit losses related to other financial instruments, including cash and due from banks, interest-bearing deposits with banks, federal funds sold and securities purchased under resale agreements, available-for-sale securities, held-to-maturity securities and accounts receivable.
Allowance for credit losses activity for the quarter ended Sept. 30, 2025 | Wealth management loans | Wealth management mortgages | Other residential mortgages | Capital call financing |  |
(in millions) | Commercial | Commercial real estate | Financial institutions |  |  | Total
Beginning balance | $ | 13 |  | $ | 291 |  | $ | 25 |  |  | $ | 1 |  | $ | 6 |  | $ | 2 |  | $ | 7 |  |  | $ | 345 |
Charge-offs | — |  | (5) |  | — |  |  | — |  | — |  | — |  | — |  |  | (5) |
Recoveries | — |  | — |  | — |  |  | — |  | — |  | 1 |  | — |  |  | 1 |
Net (charge-offs) recoveries | — |  | (5) |  | — |  |  | — |  | — |  | 1 |  | — |  |  | (4) |
Provision (a) | (6) |  | 4 |  | (3) |  |  | — |  | — |  | (1) |  | — |  |  | (6) |
Ending balance | $ | 7 |  | $ | 290 |  | $ | 22 |  |  | $ | 1 |  | $ | 6 |  | $ | 2 |  | $ | 7 |  |  | $ | 335 |
Allowance for: |  |  |  |  |  |  |  |  |  |
Loan losses | $ | 1 |  | $ | 247 |  | $ | 10 |  |  | $ | 1 |  | $ | 6 |  | $ | 2 |  | $ | 5 |  |  | $ | 272 |
Lending-related commitments | 6 |  | 43 |  | 12 |  |  | — |  | — |  | — |  | 2 |  |  | 63 |
Individually evaluated for impairment: |  |  |  |  |  |  |  |  |  |
Loan balance (b) | $ | — |  | $ | 315 |  | $ | — |  |  | $ | — |  | $ | 8 |  | $ | — |  | $ | — |  |  | $ | 323 |
Allowance for loan losses | — |  | 42 |  | — |  |  | — |  | — |  | — |  | — |  |  | 42 |
(a) Does not include the provision for credit losses benefit related to other financial instruments of $1 million for the quarter ended Sept. 30, 2025. (b) Includes collateral-dependent loans of $323 million with $350 million of collateral value.
Allowance for credit losses activity for the quarter ended June 30, 2025 | Wealth management loans | Wealth management mortgages | Other residential mortgages | Capital call financing |  |
(in millions) | Commercial | Commercial real estate | Financial institutions |  |  | Total
Beginning balance | $ | 15 |  | $ | 326 |  | $ | 16 |  |  | $ | 1 |  | $ | 6 |  | $ | 2 |  | $ | 4 |  |  | $ | 370 |
Charge-offs | — |  | (10) |  | — |  |  | — |  | — |  | — |  | — |  |  | (10) |
Recoveries | — |  | 5 |  | — |  |  | — |  | — |  | — |  | — |  |  | 5 |
Net (charge-offs) | — |  | (5) |  | — |  |  | — |  | — |  | — |  | — |  |  | (5) |
Provision (a) | (2) |  | (30) |  | 9 |  |  | — |  | — |  | — |  | 3 |  |  | (20) |
Ending balance | $ | 13 |  | $ | 291 |  | $ | 25 |  |  | $ | 1 |  | $ | 6 |  | $ | 2 |  | $ | 7 |  |  | $ | 345 |
Allowance for: |  |  |  |  |  |  |  |  |  |
Loan losses | $ | 2 |  | $ | 245 |  | $ | 13 |  |  | $ | 1 |  | $ | 6 |  | $ | 2 |  | $ | 6 |  |  | $ | 275 |
Lending-related commitments | 11 |  | 46 |  | 12 |  |  | — |  | — |  | — |  | 1 |  |  | 70 |
Individually evaluated for impairment: |  |  |  |  |  |  |  |  |  |
Loan balance (b) | $ | — |  | $ | 198 |  | $ | — |  |  | $ | — |  | $ | 1 |  | $ | — |  | $ | — |  |  | $ | 199 |
Allowance for loan losses | — |  | 52 |  | — |  |  | — |  | — |  | — |  | — |  |  | 52 |
(a) Does not include the provision for credit losses related to other financial instruments of $3 million for the quarter ended June 30, 2025. (b) Includes collateral-dependent loans of $199 million with $169 million of collateral value.
Allowance for credit losses activity for the quarter ended Sept. 30, 2024 | Wealth management loans | Wealth management mortgages | Other residential mortgages | Capital call financing |  | Total
(in millions) | Commercial | Commercial real estate | Financial institutions |
Beginning balance | $ | 27 |  | $ | 298 |  | $ | 21 |  |  | $ | 1 |  | $ | 6 |  | $ | 3 |  | $ | 3 |  |  | $ | 359 |
Charge-offs | — |  | (10) |  | — |  |  | — |  | — |  | — |  | — |  |  | (10) |
Recoveries | — |  | — |  | — |  |  | — |  | — |  | — |  | — |  |  | — |
Net (charge-offs) | — |  | (10) |  | — |  |  | — |  | — |  | — |  | — |  |  | (10) |
Provision (a) | 3 |  | 20 |  | — |  |  | — |  | — |  | (1) |  | — |  |  | 22 |
Ending balance | $ | 30 |  | $ | 308 |  | $ | 21 |  |  | $ | 1 |  | $ | 6 |  | $ | 2 |  | $ | 3 |  |  | $ | 371 |
Allowance for: |  |  |  |  |  |  |  |  |  |
Loan losses | $ | 16 |  | $ | 258 |  | $ | 12 |  |  | $ | 1 |  | $ | 5 |  | $ | 2 |  | $ | 2 |  |  | $ | 296 |
Lending-related commitments | 14 |  | 50 |  | 9 |  |  | — |  | 1 |  | — |  | 1 |  |  | 75 |
Individually evaluated for impairment: |  |  |  |  |  |  |  |  |  |
Loan balance (b) | $ | — |  | $ | 273 |  | $ | — |  |  | $ | — |  | $ | 13 |  | $ | — |  | $ | — |  |  | $ | 286 |
Allowance for loan losses | — |  | 64 |  | — |  |  | — |  | — |  | — |  | — |  |  | 64 |
(a) Does not include the provision for credit losses related to other financial instruments of $1 million for the quarter ended Sept. 30, 2024. (b) Includes collateral-dependent loans of $286 million with $291 million of collateral value.
Allowance for credit losses activity for the nine months ended Sept. 30, 2025 |  | Other residential mortgages | Capital call financing |  | Total
(in millions) | Commercial | Commercial real estate | Financial institutions |  | Wealth management loans | Wealth management mortgages |
Beginning balance | $ | 20 |  | $ | 315 |  | $ | 19 |  |  | $ | 1 |  | $ | 6 |  | $ | 2 |  | $ | 3 |  |  | $ | 366 |
Charge-offs | — |  | (25) |  | — |  |  | — |  | — |  | — |  | — |  |  | (25) |
Recoveries | — |  | 5 |  | — |  |  | — |  | — |  | 2 |  | — |  |  | 7 |
Net (charge-offs) recoveries | — |  | (20) |  | — |  |  | — |  | — |  | 2 |  | — |  |  | (18) |
Provision (a) | (13) |  | (5) |  | 3 |  |  | — |  | — |  | (2) |  | 4 |  |  | (13) |
Ending balance | $ | 7 |  | $ | 290 |  | $ | 22 |  |  | $ | 1 |  | $ | 6 |  | $ | 2 |  | $ | 7 |  |  | $ | 335 |
(a) Does not include provision for credit losses related to other financial instruments of $7 million for the nine months ended Sept. 30, 2025.
Allowance for credit losses activity for the nine months ended Sept. 30, 2024 |  | Other residential mortgages | Capital call financing |  | Total
(in millions) | Commercial | Commercial real estate | Financial institutions | Lease financings | Wealth management loans | Wealth management mortgages
Beginning balance | $ | 27 |  | $ | 325 |  | $ | 19 |  | $ | 1 |  | $ | 1 |  | $ | 9 |  | $ | 4 |  | $ | 4 |  |  | $ | 390 |
Charge-offs | — |  | (53) |  | — |  | — |  | — |  | (1) |  | — |  | — |  |  | (54) |
Recoveries | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  |  | — |
Net (charge-offs) | — |  | (53) |  | — |  | — |  | — |  | (1) |  | — |  | — |  |  | (54) |
Provision (a) | 3 |  | 36 |  | 2 |  | (1) |  | — |  | (2) |  | (2) |  | (1) |  |  | 35 |
Ending balance | $ | 30 |  | $ | 308 |  | $ | 21 |  | $ | — |  | $ | 1 |  | $ | 6 |  | $ | 2 |  | $ | 3 |  |  | $ | 371 |
(a) Does not include provision for credit losses related to other financial instruments of $15 million for the nine months ended Sept. 30, 2024.
Distribution of Nonperforming Assets | The table below presents our nonperforming assets.
Nonperforming assets | Sept. 30, 2025 |  | Dec. 31, 2024
| Recorded investment |  | Recorded investment
| With an allowance | Without an allowance |  |  | With an allowance | Without an allowance |
(in millions) | Total |  | Total
Nonperforming loans: |  |  |  |  |  |  |
Commercial real estate | $ | 125 |  | $ | — |  | $ | 125 |  |  | $ | 104 |  | $ | 39 |  | $ | 143 |
Wealth management mortgages | 9 |  | 8 |  | 17 |  |  | 6 |  | 9 |  | 15 |
Other residential mortgages | 16 |  | — |  | 16 |  |  | 18 |  | 1 |  | 19 |
Total nonperforming loans | 150 |  | 8 |  | 158 |  |  | 128 |  | 49 |  | 177 |
Other assets owned | — |  | 2 |  | 2 |  |  | — |  | 2 |  | 2 |
Total nonperforming assets | $ | 150 |  | $ | 10 |  | $ | 160 |  |  | $ | 128 |  | $ | 51 |  | $ | 179 |
Information about Past Due Loans | The table below presents our past due loans.
Past due loans and still accruing interest | Sept. 30, 2025 |  | Dec. 31, 2024
Days past due |  | Total past due |  | Days past due | Total past due
(in millions) | 30-59 |  | 60-89 | ≥90 |  | 30-59 |  | 60-89 | ≥90
Commercial real estate | $ | 11 |  |  | $ | 42 |  | $ | — |  |  | $ | 53 |  |  | $ | 15 |  |  | $ | — |  | $ | — |  | $ | 15 |
Wealth management loans | 37 |  |  | — |  | — |  |  | 37 |  |  | 47 |  |  | — |  | — |  | 47 |
Other residential mortgages | 13 |  |  | 4 |  | — |  |  | 17 |  |  | 7 |  |  | 1 |  | — |  | 8 |
Wealth management mortgages | — |  |  | 2 |  | — |  |  | 2 |  |  | 34 |  |  | 2 |  | — |  | 36 |
Total past due loans | $ | 61 |  |  | $ | 48 |  | $ | — |  |  | $ | 109 |  |  | $ | 103 |  |  | $ | 3 |  | $ | — |  | $ | 106 |
Financing Receivable Credit Quality Indicators | The tables below provide information about the credit profile of the loan portfolio by the period of origination.
Credit profile of the loan portfolio |  |  |  | Sept. 30, 2025
|  |  |  |  |  |  | Revolving loans |  |
| Originated, at amortized cost | Amortized cost | Converted to term loans – Amortized cost |  | Accrued interest receivable
(in millions) | YTD25 | 2024 | 2023 | 2022 | 2021 | Prior to 2021 | Total (a)
Commercial: |  |  |  |  |  |  |  |  |  |
Investment grade | $ | 11 |  | $ | 24 |  | $ | 54 |  | $ | 16 |  | $ | 51 |  | $ | 115 |  | $ | 998 |  | $ | — |  | $ | 1,269 |  |
Non-investment grade | 14 |  | 11 |  | 14 |  | — |  | — |  | — |  | 25 |  | — |  | 64 |  |
Total commercial | 25 |  | 35 |  | 68 |  | 16 |  | 51 |  | 115 |  | 1,023 |  | — |  | 1,333 |  | $ | 1 |
Commercial real estate: (b) |  |  |  |  |  |  |  |  |  |
Investment grade | 503 |  | 461 |  | 616 |  | 748 |  | 301 |  | 1,455 |  | 146 |  | — |  | 4,230 |  |
Non-investment grade | 149 |  | 298 |  | 219 |  | 660 |  | 292 |  | 854 |  | 47 |  | 18 |  | 2,537 |  |
Total commercial real estate | 652 |  | 759 |  | 835 |  | 1,408 |  | 593 |  | 2,309 |  | 193 |  | 18 |  | 6,767 |  | 25 |
Financial institutions: |  |  |  |  |  |  |  |  |  |
Investment grade | 295 |  | 373 |  | 75 |  | 10 |  | 25 |  | 42 |  | 10,404 |  | — |  | 11,224 |  |
Non-investment grade | 53 |  | 50 |  | — |  | — |  | — |  | — |  | 1,711 |  | — |  | 1,814 |  |
Total financial institutions | 348 |  | 423 |  | 75 |  | 10 |  | 25 |  | 42 |  | 12,115 |  | — |  | 13,038 |  | 119 |
Wealth management loans: |  |  |  |  |  |  |  |  |  |
Investment grade | 11 |  | — |  | 29 |  | 26 |  | 51 |  | 91 |  | 8,773 |  | 175 |  | 9,156 |  |
Non-investment grade | — |  | — |  | — |  | — |  | — |  | — |  | 24 |  | — |  | 24 |  |
Total wealth management loans | 11 |  | — |  | 29 |  | 26 |  | 51 |  | 91 |  | 8,797 |  | 175 |  | 9,180 |  | 57 |
Wealth management mortgages (b) | 462 |  | 276 |  | 766 |  | 1,514 |  | 1,747 |  | 3,927 |  | 15 |  | — |  | 8,707 |  | 24 |
Lease financings | — |  | — |  | — |  | — |  | 7 |  | 86 |  | — |  | — |  | 93 |  | — |
Other residential mortgages (b) | 389 |  | 357 |  | 173 |  | 501 |  | 175 |  | 172 |  | — |  | — |  | 1,767 |  | 6 |
Capital call financing | 230 |  | 130 |  | — |  | — |  | — |  | — |  | 4,630 |  | — |  | 4,990 |  | 24 |
Other loans | — |  | — |  | — |  | — |  | — |  | — |  | 3,584 |  | — |  | 3,584 |  | 6 |
Margin loans | 10,452 |  | — |  | — |  | — |  | — |  | — |  | 12,632 |  | — |  | 23,084 |  | 35 |
Total loans | $ | 12,569 |  | $ | 1,980 |  | $ | 1,946 |  | $ | 3,475 |  | $ | 2,649 |  | $ | 6,742 |  | $ | 42,989 |  | $ | 193 |  | $ | 72,543 |  | $ | 297 |
(a) Excludes overdrafts of $2,652 million. Overdrafts occur on a daily basis primarily in the custody and securities clearance business and are generally repaid within two business days. (b) In the first nine months of 2025, the gross write-offs related to commercial real estate loans were $25 million, wealth management mortgages were $1 million, and other residential mortgages were less than $1 million.
Credit profile of the loan portfolio |  |  |  |  | Dec. 31, 2024
|  |  |  |  |  |  | Revolving loans |  |
| Originated, at amortized cost | Amortized cost | Converted to term loans – Amortized cost |  | Accrued interest receivable
(in millions) | 2024 | 2023 | 2022 | 2021 | 2020 | Prior to 2020 | Total (a)
Commercial: |  |  |  |  |  |  |  |  |  |
Investment grade | $ | 41 |  | $ | 69 |  | $ | 20 |  | $ | 55 |  | $ | — |  | $ | 116 |  | $ | 1,010 |  | $ | — |  | $ | 1,311 |  |
Non-investment grade | 14 |  | 29 |  | — |  | 17 |  | — |  | — |  | 49 |  | — |  | 109 |  |
Total commercial | 55 |  | 98 |  | 20 |  | 72 |  | — |  | 116 |  | 1,059 |  | — |  | 1,420 |  | $ | 2 |
Commercial real estate: (b) |  |  |  |  |  |  |  |  |  |
Investment grade | 396 |  | 567 |  | 762 |  | 392 |  | 460 |  | 1,384 |  | 126 |  | — |  | 4,087 |  |
Non-investment grade | 335 |  | 315 |  | 751 |  | 351 |  | 214 |  | 617 |  | 94 |  | 18 |  | 2,695 |  |
Total commercial real estate | 731 |  | 882 |  | 1,513 |  | 743 |  | 674 |  | 2,001 |  | 220 |  | 18 |  | 6,782 |  | 28 |
Financial institutions: |  |  |  |  |  |  |  |  |  |
Investment grade | 491 |  | 370 |  | 20 |  | 26 |  | 42 |  | — |  | 10,363 |  | — |  | 11,312 |  |
Non-investment grade | 131 |  | — |  | 10 |  | — |  | — |  | — |  | 1,714 |  | — |  | 1,855 |  |
Total financial institutions | 622 |  | 370 |  | 30 |  | 26 |  | 42 |  | — |  | 12,077 |  | — |  | 13,167 |  | 157 |
Wealth management loans: |  |  |  |  |  |  |  |  |  |
Investment grade | 3 |  | 29 |  | 33 |  | 110 |  | 33 |  | 109 |  | 8,261 |  | 100 |  | 8,678 |  |
Non-investment grade | — |  | — |  | — |  | — |  | — |  | — |  | 20 |  | — |  | 20 |  |
Total wealth management loans | 3 |  | 29 |  | 33 |  | 110 |  | 33 |  | 109 |  | 8,281 |  | 100 |  | 8,698 |  | 50 |
Wealth management mortgages (b) | 495 |  | 798 |  | 1,585 |  | 1,812 |  | 818 |  | 3,423 |  | 19 |  | — |  | 8,950 |  | 23 |
Lease financings | — |  | — |  | — |  | 10 |  | 31 |  | 562 |  | — |  | — |  | 603 |  | — |
Other residential mortgages (b) | 15 |  | 148 |  | 529 |  | 184 |  | 5 |  | 187 |  | — |  | — |  | 1,068 |  | 4 |
Capital call financing | 91 |  | — |  | — |  | — |  | — |  | — |  | 5,072 |  | — |  | 5,163 |  | 28 |
Other loans | — |  | — |  | — |  | — |  | — |  | — |  | 3,063 |  | — |  | 3,063 |  | 6 |
Margin loans | 7,732 |  | — |  | — |  | — |  | — |  | — |  | 11,405 |  | — |  | 19,137 |  | 38 |
Total loans | $ | 9,744 |  | $ | 2,325 |  | $ | 3,710 |  | $ | 2,957 |  | $ | 1,603 |  | $ | 6,398 |  | $ | 41,196 |  | $ | 118 |  | $ | 68,051 |  | $ | 336 |
(a) Excludes overdrafts of $3,519 million. Overdrafts occur on a daily basis primarily in the custody and securities clearance business and are generally repaid within two business days. (b) The gross write-offs related to commercial real estate loans were $82 million, other residential mortgage loans were $1 million and wealth management mortgage loans were less than $1 million in 2024.

X
- Definition Loan Portfolio + References No definition available. + Details
Name: | bk_LoanPortfolioTableTextBlock
Namespace Prefix: | bk_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Non-performing assets + References No definition available. + Details
Name: | bk_NonPerformingAssetsTableTextBlock
Namespace Prefix: | bk_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-14 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-80 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration