Quarterly ResultMay 5, 2026, 11:41 AM
M&T Bank Q1 Net Income $664M, EPS $4.13; Common Dividend $1.50
AI Summary
M&T Bank Corp reported a strong first quarter for 2026, with net income increasing by 13.7% to $664 million and diluted EPS rising 24.4% to $4.13. The bank saw growth in both net interest income and total other income. Additionally, M&T Bank increased its common stock cash dividend to $1.50 per share and significantly increased share repurchases, while also redeeming $400 million in preferred stock.
Key Highlights
- Net income rose 13.7% to $664 million for Q1 2026 from $584 million in Q1 2025.
- Diluted earnings per common share increased 24.4% to $4.13 from $3.32 year-over-year.
- Net interest income grew 3.36% to $1,752 million in Q1 2026 from $1,695 million in Q1 2025.
- Total other income increased 12.77% to $689 million in Q1 2026 from $611 million in Q1 2025.
- Common stock cash dividends increased to $1.50 per share in Q1 2026 from $1.35 per share in Q1 2025.
- Purchased $1,238 million of treasury stock in Q1 2026, up from $656 million in Q1 2025.
- Redeemed $400 million of Series G preferred stock during the first quarter of 2026.
- Adopted fair value measurement for residential mortgage loan servicing rights, increasing retained earnings by $197 million.