M&T BANK CORP (MTB) Form 8-K — Oct 16, 2026
M&T Bank reported 3Q26 net income of $775 million, or $5.04 diluted EPS, up 5% year over year but down from $5.32 in the second quarter. Taxable-equivalent net interest income was $1,805 million with the net interest margin narrowing 5 basis points to 3.65%, while revenue rose 1% YoY to $2.54 billion. The quarter was marked by balance sheet growth: average loans rose $2.6 billion sequentially with growth in every category, average deposits increased $3.3 billion, and M&T repurchased 1.3 million shares for $323 million. Credit stayed stable, with a 35 bps net charge-off ratio, nonaccrual loans down 14% YoY, and an estimated CET1 ratio of 10.16%.
Key figures
- Eps
- 5.04
- Revenue
- 2536000000
- Guidance
- 4Q26: taxable-equivalent NII $1.83-$1.85B, NIM mid-3.60's, fee income $710-$730M, GAAP expense $1.39-$1.41B, NCOs 35-40 bps, tax rate ~24.0%, average loans $145-$146B, deposits $169-$170B, CET1 10.0%-10.25%
- Net Income
- 775000000
- Total Assets
- 220510000000
- Cash Position
- 1796000000
- Shares Outstanding
- 143708000
- Efficiency ratio
- 54.4%
- Nonaccrual loans
- $1,298 million
- Return on assets
- 1.40%
- Noninterest income
- $743 million
- Net interest margin
- 3.65%
- Noninterest expense
- $1,393 million
- Cet1 ratio estimated
- 10.16%
- Net charge off ratio
- 0.35% annualized
- Diluted eps yoy change
- +5%
- Period end stock price
- $217.60
- Share repurchases 3q26
- $323 million (1.3 million shares)
- Return on common equity
- 11.44%
- Average loans growth qoq
- +$2.6 billion
- Net interest income 3q26
- $1,793 million (taxable-equivalent $1,805 million)
- Dividends declared common
- $217 million
- Average deposits growth qoq
- +$3.3 billion
- Provision for credit losses
- $135 million
- Tangible book value per share
- $115.88
- Allowance for loan losses ratio
- 1.51%
- Return on tangible common equity
- 17.29%
- Liquidity coverage ratio estimated
- 107%
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