Quarterly ResultJul 15, 2026, 06:12 AM
M&T Bank Q2 Diluted EPS $5.32; Net Income $818M
AI Summary
M&T Bank Corporation announced record diluted earnings per common share of $5.32 for the second quarter of 2026, with net income reaching $818 million. The strong performance was driven by a 2% increase in taxable-equivalent net interest income to $1.804 billion and an 8% rise in noninterest income to $740 million. The company also reported a $3.0 billion increase in average loan balances and repurchased $465 million of its common stock.
Key Highlights
- Diluted EPS of $5.32, up 29% from Q1 2026 and 25% from Q2 2025.
- Net income reached $818 million, increasing from $664 million in Q1 2026.
- Taxable-equivalent net interest income rose 2% quarter-over-quarter to $1.804 billion.
- Noninterest income increased 8% from Q1 2026 to $740 million.
- Average loan balances grew by $3.0 billion quarter-over-quarter, including $2.3 billion in commercial and industrial loans.
- The efficiency ratio improved to 52.8% in Q2 2026 from 58.3% in Q1 2026.
- M&T repurchased 2.1 million shares of common stock at a cost of $465 million.
- The estimated Common Equity Tier 1 (CET1) capital ratio was 10.19%.
Price Impact
More from MTB