M&t Bank Stock Earnings Reports

M&T reported continued momentum in 3Q25 with strong profitability, improving asset quality, and active capital returns. Key results: diluted EPS $4.82 (GAAP) and net operating EPS $4.87; operating ROTA/ROTCE of 1.56%/17.13%; net interest margin (NIM) 3.68%; revenue growth outpacing expenses with a 53.6% efficiency ratio. Management raised the quarterly dividend 11% to $1.50 and repurchased $409 million of stock while tangible book value per share grew 3%. Loan trends: average loans rose to $136.5B with commercial, residential mortgage and consumer growth offsetting CRE declines (CRE expected to bottom soon and recover as production has materially ramped, particularly in multifamily and industrial). Credit: criticized commercial balances fell; non-accruals declined to 1.1%; 3Q net charge-offs were $146M (0.42%) including two larger C&I resolutions. Capital & liquidity: CET1 ~10.99% (targeting 10.75%–11% into year-end), strong liquidity with securities and cash ~25% of assets, LCR estimated at 108%. Outlook & guidance: 4Q TE NII ~ $1.8B (implying full-year NII at low end of prior range $7.0–7.15B excl. notable items), 4Q NIM ~ 3.7% (model assumes two additional rate cuts this year), average loans $137–138B, average deposits $163–164B, 4Q noninterest income $670–690M, 4Q expenses $1.35–1.37B, 4Q NCO guidance 40–50 bps (full-year <40 bps). Management remains cautious but opportunistic on buybacks, committed to technology and operating investments, and is monitoring macro/regulatory risks (potential government shutdown, SSFA/ NDFI procyclicality).