M&T Bank reports $775 million quarterly profit

Grafa
10-19 10:48

Full story: https://grafa.com/en/news/united-states/mt-bank-q3-2026-earnings-775-million-profit

  • M&T Bank reported third-quarter 2026 net income of $775 million and diluted earnings of $5.04 per share, down from the previous quarter.

  • Net interest income reached $1.793 billion, while average loans and deposits increased despite a decline in the net interest margin to 3.65%.

  • M&T repurchased 1.3 million shares for $323 million, while its estimated common equity Tier 1 capital ratio stood at 10.16%.

M&T Bank (NYSE:MTB) reported third-quarter 2026 net income of $775 million and diluted earnings of $5.04 per share, reflecting lower quarterly profit despite growth in loans and deposits.

Diluted earnings declined from $5.32 in the second quarter but increased from $4.82 a year earlier, while net income compared with $818 million and $792 million, respectively.

Net interest income reached $1.793 billion, while credit-loss provisions increased to $135 million, noninterest expenses rose to $1.393 billion and the net interest margin narrowed to 3.65%.

M&T reported growth in average loans and deposits alongside higher operating costs, with investors assessing the quarterly results

Average loans increased to $143.296 billion from $140.650 billion in the previous quarter, while average deposits rose to $166.777 billion from $163.524 billion, reflecting expansion across the bank's lending and funding operations.

M&T repurchased 1.3 million common shares for $323 million during the quarter, while its estimated common equity Tier 1 capital ratio declined to 10.16% at September 30 from 10.19% at June 30.

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