8-KEarnings & ResultsExhibits & Filings

Bank of New York Mellon Corp 8-K Report, Financial Results (Oct 17, 2013)

Filed October 17, 2013For Securities:BKBK-PKBNYBNY-PK

Summary

This Form 8-K filing from The Bank of New York Mellon Corporation (BK) on October 17, 2013, primarily serves to disclose information presented during their third-quarter 2013 earnings conference call and webcast held on October 16, 2013. Investors should note that the attached exhibits, a "Quarterly Earnings Review" and "Financial Trends" document, contain supplementary financial information for the third quarter of 2013. These documents, furnished as exhibits, include non-GAAP financial measures that management believes are valuable for analyzing ongoing operational results and trends. BK highlights that these measures facilitate comparisons with prior periods and align with how management monitors financial performance, offering a clearer view of revenues from both taxable and tax-exempt sources. Investors are encouraged to review these furnished exhibits for a more detailed understanding of BK's third-quarter financial performance and operational insights.

Key Highlights

  • 1BK filed an 8-K on October 17, 2013, related to its Q3 2013 earnings.
  • 2The filing officially documents the conference call and webcast held on October 16, 2013, to discuss Q3 2013 results.
  • 3Exhibits 99.1 (Quarterly Earnings Review) and 99.2 (Financial Trends) provide detailed Q3 2013 financial information.
  • 4These exhibits contain non-GAAP financial measures, which management finds useful for performance analysis.
  • 5Management uses these non-GAAP measures for internal performance monitoring and comparisons.
  • 6The non-GAAP measures aim to provide a clearer perspective on revenues from both taxable and tax-exempt sources.
  • 7Exhibits are "furnished" and not "filed," meaning they are for informational purposes and not subject to Section 18 liability.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally report information presented by The Bank of New York Mellon Corporation during their third-quarter 2013 earnings conference call and webcast. It includes supplementary financial documents that management believes offer valuable insights into the company's performance and financial condition for the quarter.

Exhibit 99.1 is the "Quarterly Earnings Review" for the third quarter of 2013, and Exhibit 99.2 is the "Third Quarter 2013 Financial Trends" document. Both were made available by BK on October 16, 2013, in conjunction with their earnings call and are furnished with this 8-K filing.

The filing notes that Exhibits 99.1 and 99.2 contain non-GAAP financial measures. Management believes these measures are useful to investors as they provide a more insightful view of ongoing operations, facilitate comparisons with prior periods, and reflect how management internally tracks financial performance, particularly concerning revenues from different tax sources.

The exhibits are designated as "furnished" rather than "filed." This means they are provided for informational purposes to supplement the report but are not considered filed for the purposes of Section 18 of the Securities Exchange Act of 1934. Therefore, they do not carry the same level of legal liability or regulatory scrutiny as "filed" documents.