M&T Bank Corporation Earnings Recaps
Q2 2026
Jul 17, 2026
M&T Bank’s shares rose 5.0% following Q2 2026 results, driven by broad-based earnings strength including record diluted EPS and robust loan growth, which collectively outpaced market expectations.
Key takeaways
- Diluted GAAP EPS reached $5.32, a significant increase from $4.13 in the prior quarter, marking the highest quarterly EPS in the bank’s history.
- Net income rose to $818 million, up from $664 million sequentially, supported by the highest quarterly net interest income since 2023 and record fee income (excluding notable prior period items).
- Average loans grew $3 billion to $141.4 billion, led by commercial lending which expanded $2.3 billion, with notable strength in middle market and business banking.
- Strong asset quality continued, with net charge-offs at 23 basis points and a decline in commercial criticized loans by $0.7 billion for the ninth consecutive quarter.
- Net interest margin remained stable at 3.70% amid growing loan balances and higher funding costs, reflecting disciplined margin management despite expansion.
Q1 2026
Apr 15, 2026
M&T Bank delivered a solid start to 2026 with growth in fee income, stable net interest margin, and strong credit quality, despite a modest decline in earnings per share.
Key takeaways
- Net interest income decreased slightly by 2%, with NIM expanding 2 basis points to 3.71% driven by repricing and deposit discipline.
- Commercial loans grew by $1.5 billion, supporting overall loan growth, while criticized asset balances decreased by over $700 million.
- Fee income increased 13% year-over-year, contributing positively to revenue momentum.
- Capital levels remain robust, with $1.25 billion in share repurchases executed, reducing shares outstanding by over 3.5%.
- Earnings per share dipped to $4.13 from $4.67 last quarter, reflecting strong operational resilience amid a cautious outlook.
Q3 2025
Oct 17, 2025
M&T Bank Corporation reported a robust third quarter of 2025, with significant gains in profitability and asset quality, highlighted by a noticeable increase in dividends and share repurchases.
Key takeaways
- Diluted GAAP EPS rose to $4.82, a 13.7% increase from the previous quarter.
- Net interest margin expanded to 3.68%, driven by effective asset-liability management and fixed-rate asset repricing.
- Strong fee income reached record levels, contributing to an efficiency ratio of 53.6%.
- Improved asset quality with a 7% reduction in commercial criticized balances and a 4% reduction in non-accrual loans.
- Returned $409 million to shareholders through buybacks and increased quarterly dividends by 11% to $1.50 per share.