M&T Bank Reports Q3 2026 Earnings: $5.04 Diluted EPS and $775M Net Income

M&T Bank Corporation (NYSE: MTB) Q3 2026 Earnings Overview

M&T Bank Corporation filed Form 8-K furnishing its financial results for the third quarter ended September 30, 2026, via Item 2.02 and Item 7.01.

Key Financial Highlights

• Earnings Performance: Reported net income of $775 million and diluted earnings per common share of $5.04, compared to $818 million ($5.32 per share) in 2Q26 and $792 million ($4.82 per share) in 3Q25.
• Net Interest Income (NII): NII stood at $1,793 million ($1,805 million on a taxable-equivalent basis), reflecting a modest sequential change supported by an additional day in the quarter, offset by lower interest income on nonaccrual loans. Net interest margin was 3.65%, compared to 3.70% in 2Q26.
• Credit Quality: Provision for credit losses totaled $135 million (up from $120 million in 2Q26). Annualized net charge-offs were 0.35% of average total loans, while the allowance for credit losses to total loans stood at 1.51%.
• Balance Sheet Trends: Average loans increased by $2.6 billion sequentially to $143.3 billion, driven by growth in commercial real estate (+$1.6B), consumer loans (+$634M), and residential mortgages (+$367M). Average deposits increased to $166.8 billion from $163.5 billion in 2Q26.
• Capital Deployment: Repurchased 1.3 million common shares for $323 million during the third quarter. The Common Equity Tier 1 (CET1) capital ratio remained healthy at an estimated 10.16%.