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M&T expects commercial real estate loan growth in 2027, a 57% deposit beta, and operational-efficiency gains from automation and AI, while targeting 17% return on tangible common equity and 7.5% tangible common equity.
M&T reported third-quarter net income of $775 million, down 5% from the second quarter of 2026, as net interest margin declined to 3.65% from 3.70%. Nine-month net income rose 8% to $2,257 million.
M&T Bank reported third quarter 2026 GAAP diluted EPS of $5.04 and net income of $775 million, with net operating EPS of $5.08. The bank transferred $8.3 billion of mortgage-backed securities to held-to-maturity and guided fourth quarter taxable equivalent NII of $1.83–$1.85 billion.
M&T Bank Corporation reported third quarter 2026 net income of $775 million and diluted EPS of $5.04. Average loans grew $2.6 billion, and the CET1 capital ratio is estimated at 10.16%.
M&T Bank Corporation will reclassify Other income categories and separately present loans held for sale effective for the third quarter of 2026, without affecting total Other income, Income before taxes, Net income or earnings per common share.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. M&T delivered broad loan and deposit growth, 17% year-to-date net operating EPS growth, strong operating returns, stable taxable-equivalent net interest income, strong liquidity and capital generation, and fourth-quarter guidance for $1.83 billion to $1.85 billion of taxable-equivalent net interest income. Near-term risks include sequential earnings and margin pressure, higher expenses and funding costs, weaker credit metrics, and tangible-capital erosion.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| Accruing loans past due 90 days or more | $570M | 3Q26 | — |
| Adjusted Efficiency non-GAAP | 54.5% | 3Q26 | — |
| Allowance for loan losses | $2.18B | 3Q26 | — |
| Allowance for loan losses as % of loans outstanding | 1.51% | 3Q26 | — |
| Annualized return on average tangible assets non-GAAP | 1.47% | 3Q26 | — |
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| Annualized return on average tangible common equity non-GAAP | 17.29% | 3Q26 | — |
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| Average earning assets | $196.74B | 3Q26 | — |
| Average interest-bearing liabilities | $142.29B | 3Q26 | — |
| Average tangible assets non-GAAP | $210.37B | Three Months Ended September 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Average assets 218.86B
-8.47B Goodwill
-45M Core deposit and other intangible assets
+17M Deferred taxes
= Average tangible assets 210.37B
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| Average tangible common equity non-GAAP | $16.95B | Three Months Ended September 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Average total equity 28.33B
-2.89B Preferred stock
-8.47B Goodwill
-45M Core deposit and other intangible assets
+17M Deferred taxes
= Average tangible common equity 16.95B
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| Common equity Tier 1 ("CET1") capital ratio | 10.16% | 3Q26 | — |
| Common shareholders' equity per share | $174.95 | 3Q26 | — |
| Cost of interest-bearing liabilities | 2.44% | 3Q26 | — |
| Criticized % of C&I and CRE Loans | 6.6% | 3Q26 | — |
| Criticized C&I and CRE Loans | 6.1B | 3Q26 | — |
| Diluted net operating earnings per common share non-GAAP | $14.6 | Nine Months Ended September 30, 2026 | — |
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| Efficiency ratio non-GAAP | 55.1% | Nine Months Ended September 30, 2026 | — |
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| Full-service domestic banking offices | 906 | September 30, 2026 | — |
| Full-time equivalent employees | 21,562 | September 30, 2026 | — |
| Interest-bearing deposit cost | 2.05% | 3Q26 | — |
| Liquidity Coverage Ratio | 107% | 3Q26 | — |
| Loans originated for sale to other investors | $2.62B | Nine Months Ended September 30, 2026 | — |
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| Net Charge-off Ratio | 0.35% | 3Q26 | — |
| Net interest margin | 3.68% | Nine Months Ended September 30, 2026 | — |
| Net interest spread | 2.97% | 3Q26 | — |
| Net operating income non-GAAP | $2.27B | Nine Months Ended September 30, 2026 | — |
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| New commitments to originate loans for sale | $1.19B | Nine Months Ended September 30, 2026 | — |
| Nonaccrual loans | $1.3B | 3Q26 | — |
| Nonaccrual Loans percentage | 0.9% | 3Q26 | — |
| Noninterest operating expense non-GAAP | $4.16B | Nine Months Ended September 30, 2026 | — |
| Real estate and other foreclosed assets | $28M | 3Q26 | — |
| Reserve for unfunded credit commitments | $93M | 3Q26 | — |
| Tangible capital – common | 7.85% | 3Q26 | — |
| Tangible equity per common share non-GAAP | $115.88 | 3Q26 | — |
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| Tier 1 capital | 11.93% | 3Q26 | — |
| Total capital | 13.93% | 3Q26 | — |
| Total deposit cost | 1.52% | 3Q26 | — |
| Total Loan Yield | 5.86% | 3Q26 | — |
| Total nonperforming assets | $1.33B | 3Q26 | — |
| Total tangible assets non-GAAP | $212.02B | At end of quarter September 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Total assets 220.51B
-8.47B Goodwill
-41M Core deposit and other intangible assets
+16M Deferred taxes
= Total tangible assets 212.02B
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| Total tangible common equity non-GAAP | $16.65B | At end of quarter September 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Total equity 28.16B
-3.02B Preferred stock
-8.47B Goodwill
-41M Core deposit and other intangible assets
+16M Deferred taxes
= Total tangible common equity 16.65B
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| Yield on average earning assets | 5.41% | 3Q26 | — |
| Average full-time equivalent employees | 21,686 | three months ended June 30, 2026 filing | — |
| Net interest margin on average earning assets (taxable-equivalent basis) | 3.7% | Second quarter 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
MTB
this stock
M&T Bank Corp
|
$31.72B | +9.7% | +17.9% | 11.6 | 3.4% |
|
HDB
Hdfc Bank Ltd
|
$132.87B | -29.3% | -3.2% | — | 0.8% |
|
MFG
Mizuho Financial Group Inc
|
$124.83B | +41.3% | — | — | 0.1% |
|
IBN
Icici Bank Ltd
|
$123.94B | +15.8% | — | — | 0.5% |
|
USB
US Bancorp \De\
|
$95.04B | +14.3% | +4.4% | 11.9 | 1.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
M&T expects commercial real estate loan growth in 2027, a 57% deposit beta, and operational-efficiency gains from automation and AI, while targeting 17% return on tangible common equity and 7.5% tangible common equity.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| MTB | +1.6% | +2.7% | +2.7% | +0.2% | +9.8% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -1.0% | +3.9% | +2.2% | +0.4% | -0.9% |
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
