PR Newswire·Oct 16, 2026, 5:30 AM ET

M&T Bank Corporation (NYSE:MTB) announces third quarter 2026 results

MTB

M&T Bank reported third-quarter 2026 net income of $775 million, or $5.04 per diluted share, down from $792 million in the same quarter of 2025.
Net interest income on a taxable-equivalent basis totaled $1.805 billion, showing a nominal increase from the prior quarter driven by loan growth, though partially offset by lower yields.
Average loans grew $2.6 billion during the quarter, with increases in commercial real estate, consumer, and residential real estate loan balances.
Noninterest income rose $3 million to $743 million, supported by higher residential mortgage banking revenues, while capital markets revenues declined.
Noninterest expense increased $44 million to $1.393 billion, primarily due to higher outside data processing costs, professional services, personnel expenses from an extra working day, and litigation-related costs.
The provision for credit losses was $135 million, compared to $120 million in the second quarter of 2026.
The allowance for loan losses as a percentage of total loans declined to 1.51% at September 30, 2026, from 1.53% in June 2026.
Nonaccrual loans decreased to $1.3 billion at quarter-end, reflecting lower levels in commercial and industrial and commercial real estate portfolios.
M&T repurchased 1.3 million shares of common stock for $323 million during the quarter.
The Common Equity Tier 1 (CET1) capital ratio was estimated at 10.16% as of September 30, 2026.
Total assets reached $220.5 billion at period-end, up 4% from the same period in 2025.
Cash dividends declared on common stock totaled $217 million for the quarter, with $1.50 per share paid.
The efficiency ratio for the quarter was 54.4%, up from 52.8% in the second quarter of 2026.