M&T Bank Third Quarter Earnings Exceed Analyst Expectations

M&T Bank Corporation reported third-quarter adjusted earnings per share of $5.08, surpassing the consensus analyst estimate of $4.93. The bank's revenue rose 2% year-over-year to $2.54 billion, fueled by a $2.6 billion increase in average loans, which reached $143.3 billion. Growth was noted across consumer, residential real estate, and commercial real estate portfolios.

Despite the revenue increase, net income declined 2% from the previous year to $775 million. The bank attributed rising noninterest expenses, which totaled $1.39 billion, to higher technology infrastructure costs. M&T Bank also reported a $135 million provision for credit losses.

As of September 30, 2026, the bank maintained a CET1 capital ratio of 10.16%. During the quarter, the company repurchased 1.3 million shares for $323 million. Chief Financial Officer Daryl N. Bible stated that the results were highlighted by strong loan and deposit growth, stable credit, and a solid capital position.