Net Interest Income Growth
Net interest income on a taxable-equivalent basis rose 4.5% to $1.82 billion, primarily due to loan growth and higher yields on interest-earning assets, partially offset by increased funding costs.
Source: 10-Q Item 2 MD&A
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
M&T Bank Corporation reported second-quarter FY2026 results driven by improved net interest income and disciplined expense control. Management attributed the earnings strength to loan growth, higher yields on earning assets, and a lower effective tax rate. While credit quality remained solid and capital ratios stayed above regulatory minimums, the decline in shareholders’ equity from ongoing share buybacks and the adoption of fair value accounting for mortgage servicing rights introduced a tension that warrants monitoring.
Revenue
$442M
+6.00% YoY
EPS (Diluted)
$5.32
+25.47% YoY
Source: SEC XBRL
M&T Bank (MTB) reported Q2 FY2026 revenue of $442M, up 6.0% year over year. MTB's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 5.32 | 4.71 | Beat +13.0% |
| Mar 2026 | 4.13 | 4.05 | Beat +2.0% |
| Dec 2025 | 4.67 | 4.52 | Beat +3.4% |
| Sep 2025 | 4.82 | 4.47 | Beat +7.8% |
Reported EPS of $5.32 versus the $4.71 analyst consensus — a +13.0% beat for Jun 2026.
3 reported segments · SEC XBRL
Segment revenue totals $442M, which is the $442M of consolidated revenue on the income statement.
Profit above is reported as net income, the measure MTB itself discloses in this filing. Each company chooses its own measure here, so these margins are not comparable with another company's.
Compiled by AI from 10-Q Item 2 of this filing
Net interest income on a taxable-equivalent basis rose 4.5% to $1.82 billion, primarily due to loan growth and higher yields on interest-earning assets, partially offset by increased funding costs.
Source: 10-Q Item 2 MD&A
Other income increased 8.3% to $740 million, reflecting higher trust income and service charges on deposit accounts, as well as gains from mortgage banking.
Source: 10-Q Item 2 MD&A
Nonperforming loans declined to 0.84% of total loans from 0.90% at year-end 2025, and net charge-offs annualized were 0.22% of average loans, down from 0.31% a year ago.
Source: 10-Q Item 2 MD&A
The common equity Tier 1 capital ratio was an estimated 10.15% at June 30, 2026, down from 10.55% at December 31, 2025, as share repurchases and the fair value election for mortgage servicing rights reduced capital.
Source: 10-Q Item 2 MD&A
The effective tax rate declined to 23.1% from 23.4% in the year-earlier quarter, contributing to the higher net income.
Source: 10-Q Item 2 MD&A
Compiled by AI from this SEC filing · 0 high, 4 medium, 1 low
The company holds $38.4 billion in investment securities, with $24.6 billion in an unrealized loss position at June 30, 2026, amounting to $1.0 billion in unrealized losses. A further increase in interest rates could lead to additional losses and pressure on capital.
Source: 10-Q Balance Sheet (XBRL)
Total loans grew to $143.2 billion, with commercial and industrial loans reaching $66.1 billion. While credit quality is currently strong, a deterioration in the economy could increase charge-offs and provisioning.
Source: 10-Q Loan Portfolio (XBRL)
Short-term borrowings increased by $2.5 billion and long-term borrowings by $2.7 billion net during the first six months of 2026, indicating growing reliance on wholesale funding markets.
Source: 10-Q Cash Flows (XBRL)
Stockholders' equity declined 2.0% year-over-year to $27.9 billion, driven by $1.7 billion in share repurchases and the impact of the MSR fair value accounting change, reducing the loss-absorbing buffer.
Source: 10-Q Balance Sheet (XBRL)
The bank elected to measure residential mortgage servicing rights at fair value beginning in 2026, which adds earnings volatility from interest rate fluctuations and introduces basis risk with hedging instruments.
Source: 10-Q Note 1 (XBRL)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $M | 442.00 $M | 417.00 $M | +6.00% |
Net Income $M | 818.00 $M | 716.00 $M | +14.25% |
EPS (Basic) $ | 5.35 $ | 4.26 $ | +25.59% |
EPS (Diluted) $ | 5.32 $ | 4.24 $ | +25.47% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
M&T Bank delivered strong Q1 2026 results with net income rising 13.7% YoY to $664M and EPS surging 24.4% to $4.13 diluted, driven by robust operating cash flow of $1.01B and disciplined capital management including $1.24B in share buybacks.
M&T Bank (MTB) delivered solid FY2025 results with revenue up 7.5% to $1.66B, net income rising 10.2% to $2.85B, and EPS surging 16.2% to $17.10, while the bank aggressively returned capital through $2.63B in share buybacks.
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