M&T Bank Posts $775 Million in Third-Quarter Net Income as Loans and Deposits Grow
M&T Bank Corporation (NYSE: MTB) on October 16 reported third-quarter 2026 net income of $775 million, or $5.04 of diluted earnings per common share, compared with $818 million and $5.32 in the second quarter and $792 million and $4.82 a year earlier. Net operating earnings, a non-GAAP measure, were $5.08 per share, above consensus estimates, and total revenue was about $2.54 billion, up roughly 2% year over year.
Net interest income was $1.793 billion, with a net interest margin of 3.65%, down five basis points from the prior quarter, partly on lower nonaccrual interest income. Noninterest income totaled $743 million. Average loans rose $2.6 billion sequentially to $143.296 billion, driven by commercial real estate balances (up $1.6 billion), consumer loans and residential real estate loans, while average deposits reached $166.777 billion. The provision for credit losses rose to $135 million from $120 million in the second quarter; annualized net charge-offs were 0.35% of average loans, and the allowance for loan losses stood at 1.51% of outstanding loans.
M&T ended the quarter with an estimated CET1 capital ratio of 10.16%. It repurchased 1.3 million common shares for $323 million during the quarter. Book value per common share was $174.95, return on average common equity was 11.44% and return on average assets was 1.40%. Mortgage banking revenues increased $25 million, and the company began sub-servicing an additional $62.9 billion of residential mortgage loans during the quarter. (GSM, based on M&T Bank's earnings release via PR Newswire)
Published by GSM · USA (original Chinese edition)
Photo: 图：M&T银行总部所在地——纽约州布法罗One M&T Plaza前的喷泉广场。图片来源：Andre Carrotflower，Wikimedia Commons，公共领域。Photo: The fountain at One M&T Plaza in Buffalo, New York, the bank's headquarters. Source: Andre Carrotflower, via Wikimedia Commons, public domain.
