Shares of Bank of New York Mellon Corp. slumped the most in three months after the lender’s managed assets missed estimates and deposits fell.

The firm reported Tuesday that total deposits dropped 5% in the quarter through September from the previous three months, while assets under management at $1.82 trillion fell short of analysts’ forecasts for $1.91 trillion.

The sequential declines “leave balances softer,” Bloomberg Intelligence analysts Paul Gulberg and Ethan Kaye wrote in a note on Tuesday. In an earlier report, they said BNY Mellon “could see slower revenue growth as asset levels fluctuate and deposit movements combine with interest-rate uncertainty.”

Both net interest revenue and adjusted earnings per share fell 8% from the previous quarter, the statement showed.

BNY Mellon, which says it’s the largest custodian bank in the world, reported assets under custody or administration of $45.7 trillion as of Sept. 30. That compares with $46.9 trillion at the end of June. Led by Chief Executive Officer Robin Vince, it reported better-than-expected earnings last quarter after scoring a boost from higher rates.

BNY forayed into the crypto industry and last year launched a digital asset custody platform allowing some clients to hold and transfer Bitcoin and Ether. Vince has cautioned the firm’s push into crypto is moving “exceptionally slowly” and that the crypto custody service is not the main focus of their digital assets journey.

(Corrects research note publication timing in third paragraph.)