8-KEarnings & ResultsExhibits & Filings

Bank of New York Mellon Corp 8-K Report, Financial Results (Jul 19, 2013)

Filed July 19, 2013For Securities:BKBK-PKBNYBNY-PK

Summary

The Bank of New York Mellon Corporation (BK) filed an 8-K on July 19, 2013, to report on its second quarter 2013 results. The primary purpose of the filing was to furnish the company's Quarterly Earnings Review and Financial Trends information, which were made available in conjunction with a conference call and webcast held on July 17, 2013. These documents provide investors with detailed insights into the company's operational performance and financial condition during the quarter. While the 8-K itself does not contain the specific financial figures, it directs investors to the furnished exhibits (Exhibit 99.1 and 99.2) for a comprehensive understanding of BK's Q2 2013 performance. Management highlighted that these materials include "non-GAAP financial measures" deemed useful for analyzing ongoing operations, facilitating period-over-period comparisons, and evaluating the impact of revenues from both taxable and tax-exempt sources.

Key Highlights

  • 1BK filed an 8-K on July 19, 2013, related to its Q2 2013 financial results.
  • 2The filing primarily furnishes the company's Quarterly Earnings Review (Exhibit 99.1) and Financial Trends (Exhibit 99.2).
  • 3These materials were released in conjunction with a conference call and webcast on July 17, 2013.
  • 4The furnished exhibits contain information that may be considered non-GAAP financial measures.
  • 5Management believes these non-GAAP measures are valuable for assessing ongoing operations and financial trends.
  • 6The filings aim to facilitate comparisons with prior periods and evaluate revenue impacts from different sources.
  • 7Exhibits 99.1 and 99.2 are 'furnished,' not 'filed,' meaning they are not subject to Section 18 of the Securities Exchange Act of 1934.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report and make available to the public the Bank of New York Mellon Corporation's (BK) financial results and operational performance for the second quarter of 2013. It directs investors to the detailed earnings review and financial trends documents that accompanied the company's earnings conference call.

The detailed financial results are found in Exhibit 99.1 (Quarterly Earnings Review) and Exhibit 99.2 (Second Quarter 2013 Financial Trends) which are furnished as part of this 8-K filing. These documents were made available on BK's website on July 17, 2013.

Non-GAAP financial measures are financial metrics that are not calculated in accordance with Generally Accepted Accounting Principles (GAAP). BK includes them because management believes they provide a clearer view of the company's ongoing operational performance and financial trends. They are intended to help investors compare results across different periods and understand management's perspective on performance.

No, the financial information in Exhibits 99.1 and 99.2 is considered 'furnished' rather than 'filed' with the SEC. This means they are provided for informational purposes but are not subject to the liabilities associated with Section 18 of the Securities Exchange Act of 1934, nor are they automatically incorporated by reference into other SEC filings.