Bank of New York Mellon Corp. delivered record revenue of $5.03 billion in the second quarter, a 9% year-on-year gain and the first time the custody bank has surpassed the $5 billion mark. Adjusted earnings rose to $1.94 a share, beating analysts’ $1.75 consensus, while net income reached $1.39 billion. Net interest income climbed 17% and assets under custody and administration expanded 13% to $55.8 trillion. Management cited strong operating leverage, with a 37% pre-tax margin, 28% return on tangible common equity and 14.7% return on equity, and raised its full-year net-interest-income outlook after returning $1.2 billion to shareholders through dividends and buybacks. Results from other large regional lenders also topped expectations. M&T Bank posted quarterly earnings of $4.24 a share, outpacing the $3.99 estimate, on net income of $716 million and a 3.62% net interest margin. Provisions for credit losses were contained at $125 million, and its common-equity Tier 1 ratio stood at 10.98%. PNC Financial Services Group reported revenue of $5.66 billion and earnings of $3.85 a share, both ahead of forecasts, supported by loan balances of $326 billion and net interest income of $3.56 billion. Credit costs remained below projections, with $254 million set aside for potential losses, and the bank lifted its forecast for 2025 net-interest-income growth to 7%. The better-than-expected results across the three banks, driven largely by resilient loan demand and higher interest income, sent shares of BNY Mellon, M&T and PNC higher in early trading.