earnings
confidence high
sentiment neutral
materiality 0.75
M&T Q1 net income $664M, EPS $4.13; NIM widens to 3.71%; repurchases $1.25B stock
M&T BANK CORP
2026-Q1 EPS reported
$4.13
revenue$418,000,000
- Net income $664M ($4.13 diluted EPS) vs $759M ($4.67) in Q4 and $584M ($3.32) year ago.
- Net interest margin expanded 2 bps to 3.71% as funding costs fell faster than asset yields.
- Average loans grew 1% from Q4 to $138.4B, led by commercial & industrial up $1.5B.
- Noninterest income included $33M distribution from Bayview Lending Group investment.
- Repurchased 5.5M shares for $1.25B in quarter; CET1 ratio estimated at 10.33%.