
MTB beat Q3'26 earnings estimates on higher NII and loan growth, but rising expenses, lower fee income and declining deposits weigh on shares.
M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York.
| Revenue (TTM) | $9.45B |
| Gross Profit (TTM) | $9.45B |
| EBITDA | — |
| Operating Margin | 45.10% |
| Return on Equity | 10.70% |
| Return on Assets | 1.41% |
| Revenue/Share (TTM) | $62.67 |
| Book Value | $173.50 |
| Price-to-Book | 1.26 |
| Price-to-Sales (TTM) | 3.29 |
| EV/Revenue | 5.37 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | 25.50% |
| Quarterly Revenue Growth (YoY) | 6.20% |
| Shares Outstanding | $144.42M |
| Float | $143.74M |
| % Insiders | 0.32% |
| % Institutions | 92.53% |
Volatility is currently contracting

MTB beat Q3'26 earnings estimates on higher NII and loan growth, but rising expenses, lower fee income and declining deposits weigh on shares.

M&T Bank Corporation (MTB) Q3 2026 Earnings Call Transcript

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M&T Bank Corporation delivered a solid Q3, with revenue of $2.54 billion and EPS of $5.04, both beating consensus. MTB demonstrated healthy balance sheet momentum, with average deposits up to $166.8 billion and average loans rising 2% sequentially. Net interest margin held firm at 3.65%, and asset quality improved, with nonaccrual loans dropping to 0.90% of total loans.

M&T Bank NYSE: MTB reported third-quarter 2026 net income of $775 million, or $5.04 per diluted share on a GAAP basis, compared with $818 million, or $5.32 per share, in the prior quarter. Net operating income totaled $780 million, or $5.08 per diluted share, versus $823 million, or $5.35 per share, in the linked quarter.

Although the revenue and EPS for M&T Bank (MTB) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

M&T Bank Corporation is upgraded to a Buy after a recent pullback and solid Q3 results, despite ongoing margin pressures. MTB's credit quality remains resilient, with net charge-offs at 35bps and adequate reserves covering nonaccruals 1.7x. Deposit growth accelerated, but rising funding costs and persistent AI-driven cash sorting fears are expected to limit near-term valuation.

M&T Bank Corporation (MTB) came out with quarterly earnings of $5.08 per share, beating the Zacks Consensus Estimate of $4.98 per share. This compares to earnings of $4.87 per share a year ago.

BUFFALO, N.Y., Oct. 16, 2026 /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $775 million or $5.04 of diluted earnings per common share.

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