M&t Bank Stock Earnings Reports

M&T reported a very strong Q2 2026: GAAP diluted EPS $5.32 (record quarterly EPS), net income $818 million, ROA 1.51% and ROCE 12.3%. Net interest income (taxable-equivalent) was $1.8 billion with NIM stable at 3.70% and average loans rose ~$3.0 billion to $141.4 billion (broad-based commercial-led growth; strongest quarterly loan growth since 2012 ex-acquisitions/PPP). CRE returned to growth with end-period CRE up $1.1 billion since March (multifamily and industrial). Asset quality improved: net charge-offs 23 bps, criticized commercial loans down for the ninth consecutive quarter, non-accruals $1.2 billion (84 bps). Liquidity and reserves strong: securities + cash at Fed $53.9 billion; investment portfolio duration ~3.6 years. CET1 estimated 10.19% (down 14 bps q/q, impacted by $465 million of buybacks and RWA growth); tangible book value per share up 1% q/q. Outlook: full-year NII expected in the lower half of $7.2–7.35 billion and NIM in the high 3.60% range; full-year average loans $141–143 billion; deposits expected $165–167 billion with cumulative interest-bearing deposit beta low–mid 50s; fee income forecast $2.8–2.85 billion; expenses at the high end of $5.5–5.6 billion; full-year net charge-offs expected ~37 bps. Management emphasized disciplined capital stewardship (targeting CET1 in the low 10% range), continued investment in technology and fee businesses (notably sub-servicing growth), and preference to fund loan growth with core deposits while retaining wholesale funding options if needed.