$MTB · M&T BANK CORP
M&T Bank reported Q3 2026 GAAP diluted EPS of $5.04 on net income of $775M, with revenues of $2.536B (+1% YoY). Net interest margin compressed 5 bps sequentially to 3.65%, while average loans grew $2.6B to $143.3B across all categories. CET1 capital ratio stood at an estimated 10.16%, and the company repurchased $323M in common shares during the quarter.
- Diluted GAAP EPS of $5.04, up 5% YoY from $4.82 in 3Q25.
- Net interest margin narrowed 5 bps QoQ to 3.65% on lower nonaccrual interest and higher funding costs.
- Average loans grew $2.6B QoQ to $143.3B, with CRE up 7% and consumer up 2%.
- CET1 capital ratio declined to 10.16%, down 3 bps QoQ and 83 bps YoY.
- Net charge-offs rose to 35 bps from 23 bps QoQ; criticized C&I/CRE loans increased $245M.
Extended-hours last trade at $220.00, +0.62% vs regular close of $218.65, suggesting a modestly positive initial reaction to in-line results. Regular session had already gained +1.20% on the day before the filing.
M&T's Q3 results show a regional bank balancing 5% YoY EPS growth and broad loan expansion against NIM compression, rising criticized loans, and a CET1 ratio that has eroded 83 bps year-over-year.
Regional banks continue navigating deposit mix shifts toward interest-bearing products; M&T's 3.65% NIM remains strong relative to peers, though the 5 bps QoQ compression reflects the broader rate environment and customer preference for higher-yielding deposits.
Criticized C&I and CRE loans rose $245M QoQ, driven by a single auto-leasing credit; 97% of criticized accrual loans remain current. AFS and pension-related AOCI would impact CET1 by -29 bps.
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