MTB beat Q3'26 earnings estimates on higher NII and loan growth, but rising expenses, lower fee income and declining deposits weigh on shares.
M&T Bank Corporation delivered a solid Q3, with revenue of $2.54 billion and EPS of $5.04, both beating consensus. MTB demonstrated healthy balance sheet momentum, with average deposits up to $166.8 billion and average loans rising 2% sequentially. Net interest margin held firm at 3.65%, and asset quality improved, with nonaccrual loans dropping to 0.90% of total loans.
M&T Bank NYSE: MTB reported third-quarter 2026 net income of $775 million, or $5.04 per diluted share on a GAAP basis, compared with $818 million, or $5.32 per share, in the prior quarter. Net operating income totaled $780 million, or $5.08 per diluted share, versus $823 million, or $5.35 per share, in the linked quarter.
| Banks Industry | Financials Sector | Rene F. Jones CEO | NYSE Exchange | US55261F1049 ISIN |
| US Country | 21,662 Employees | 1 Sep 2026 Last Dividend | 6 Oct 2000 Last Split | - IPO Date |
M&T Bank Corporation is a prominent bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association, specialized in delivering a wide array of retail and commercial banking products and services across the United States. Founded in 1856 and headquartered in Buffalo, New York, M&T Bank Corporation operates through three key segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. This structure enables it to cater to a broad spectrum of customer needs, ranging from middle-market to large commercial customers, as well as individual consumers and small businesses.