EarningsQ2 2026 Earnings Report
MX:MTB Q2 2026 EPS Results
Actual EPS$91.19
Consensus EPS$79.90
Beat/MissBeat by +$11.30
One Year Ago EPS$72.68
MX:MTB Q2 2026 Revenue Results
Actual Revenue$57.17B
Expected Revenue$42.21B
Beat/MissBeat by +$14.95B
YoY Revenue Growth+1.03%
Earnings Announcement Details
QuarterQ2 2026
Date07/15/2026
TimeBefore Open
Conference CallWednesday, July 15, 2026
MX:MTB Upcoming Earnings
M&T Bank's next earnings date is estimated for October 16, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:MTB Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a decisively positive operational quarter: record EPS, strong and broad-based loan growth (commercial, CRE, consumer), higher NII and fee income, improved efficiency and credit metrics, and ample liquidity. Management provided constructive guidance for continued loan and fee growth while acknowledging modest near-term pressures: slight NIM compression expected, elevated investments driving higher full-year expenses, a small CET1 ratio decline from buybacks and loan-driven RWA, and some remaining CRE concentration risk (office). Overall, positives (record earnings, credit improvement, revenue diversification and liquidity) significantly outweigh the manageable challenges, and management appears constructive and disciplined.Company Guidance
Record Quarterly Earnings Per Share and Net Income Growth
Diluted GAAP EPS of $5.32, up from $4.13 in the prior quarter (+28.8%), the highest quarterly diluted EPS in M&T's history. Net income of $818 million vs. $664 million in the linked quarter (+23.2%).
Strong Loan Growth Across Portfolios
Average loans increased $3.0 billion to $141.4 billion (+~2.2% QoQ). Commercial loans rose $2.3 billion to $66.0 billion (+3.6% QoQ). End-of-period CRE balances increased $1.1 billion since March to $24.5 billion, with multifamily and industrial driving growth. Residential mortgage loans +1% to $25.1 billion; consumer loans +2% to $26.7 billion.
Net Interest Income and Stable NIM
Taxable-equivalent NII was $1.8 billion, up $41 million or 2% from the prior quarter. Net interest margin remained strong and stable at 3.70% (unchanged QoQ) with loan yields up 4 bps to 5.89%.
Fee Income Momentum and Diversified Non-Interest Revenues
Total non-interest income of $740 million vs. $689 million in the linked quarter (+$51 million, +7.4%). Trust income grew to $197 million (+$14 million), service charges to $144 million (+$5 million), and other revenues to $213 million (+$26 million), supported by a $47 million Bayview distribution (vs. $33 million prior quarter, +42.4%).
Improved Efficiency and Controlled Expenses
Non-interest expense decreased $89 million QoQ to $1.35 billion. Salaries & benefits declined $88 million to $826 million. Efficiency ratio improved to 52.8% from 58.3% (improvement of 5.5 percentage points).
Credit Quality Continued to Improve
Net charge-offs totaled $80 million (23 bps) vs. 31 bps prior quarter (down 8 bps, ~25.8% improvement). Commercial criticized loans declined by $0.7 billion to $5.9 billion (~10.6% decrease). Non-accrual loans decreased 3% to $1.2 billion; non-accrual ratio improved 5 bps to 84 bps.
Strong Liquidity Position and Active Securities Management
Investment securities and cash held at the Fed totaled $53.9 billion (25% of total assets). Average investment securities increased $0.9 billion to $38.7 billion; yield on investment securities rose 7 bps to 4.29%. Purchased $1.1 billion of debt securities at a 5.02% yield; portfolio duration 3.6 years. Estimated LCR ~106%.
Positive Outlook and Clear Guidance
Management guides full-year NII in the lower half of $7.2B-$7.35B and full-year NIM in the high 3.60% range; expects full average loans $141B-$143B, deposits $165B-$167B, fee income $2.8B-$2.85B, and FY net charge-offs ~37 bps. Management remains optimistic on continued loan and fee growth.
Sub-Servicing Wins Driving Near-Term Fee Revenue
Closed on an additional 214,000 sub-servicing loans; expected incremental revenue of ~$35 million in H2 (mostly captured in servicing/sub-servicing fee lines) with costs largely in place.
MX:MTB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed