Dermot Mcdonogh

Senior Executive VP & CFO, Bny Mellon

Search every verified Dermot Mcdonogh interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Dermot McDonogh, Senior Executive Vice President and CFO of BNY, participated in the company's first quarter 2026 earnings call on April 16, 2026, where he discussed regulatory impacts and balance sheet expectations. He stated that recent rules are "broadly favorable" for BNY, revising a prior preliminary estimate of a 5% to 7% impact to a "flat to modest reduction," citing the strength and low-risk nature of the balance sheet. He also projected that deposit balances would revert to seasonal patterns, with the second quarter moderately down from the first, the third quarter typically the weakest, and the fourth quarter the strongest, while expecting balances to be modestly higher over the year relative to 2025. On the January 13, 2026 fourth quarter 2025 earnings call, McDonogh discussed new medium-term targets, noting that pre-tax margin and return on tangible common equity targets had been raised from 33% and 23% to 38% and 28%, respectively, reflecting progression over the prior three years. He also highlighted growth in deeper client relationships, citing a 64% increase in clients purchasing from three or more lines of business over three years, and organic growth figures of 2% in 2024 and 3% in 2025. In earlier remarks from the July 12, 2024 second quarter call, he reported that the first half of the year came in slightly better than expected, with a decelerating decline in non-interest bearing deposits and continued growth in interest bearing deposits, while keeping the full-year 2024 net interest income outlook unchanged at a 10% year-over-year decline.