M&T BANK (MTB) Company Report

M&T achieved record FY2025 net income of $2.85 billion and EPS of $17, with ROTA exceeding 1.4%, increased its quarterly dividend by 11%, repurchased 9% of shares, grew tangible book value per share by 7%, and reduced non-accrual loans by 26% to 0.9% of total loans.
In Q4 2025, GAAP EPS was $4.67 on net income of $759 million, taxable-equivalent net interest income was $1.79 billion with an NIM of 3.69%, and the efficiency ratio stood at 55.1%.
For FY2026, M&T guides taxable-equivalent NII of $7.2–7.35 billion (NIM in the low 3.70s), average loans of $140–142 billion, average deposits of $165–167 billion, non-interest income of $2.675–2.775 billion, and non-interest expense of $5.5–5.6 billion.

2 days ago

Transcript

M&T Bank reports Q4 2025 results and 2026 outlook

MTB

Earnings

Guidance Update

Accounting Changes

Full-year 2025: net income of $2.85 billion, EPS of $17.00, ROTA > 1.4%, dividend +11%, and share buybacks of 9%.
Q4 2025: GAAP EPS of $4.67, net income of $759 million, taxable-equivalent net interest income of $1.79 billion (NIM 3.69%), non-interest income of $696 million, and non-interest expenses of $1.38 billion.
Asset quality strengthened: net charge-offs 54 bps, non-accrual loans down 17% to $1.3 billion, non-accrual ratio 0.90%, and criticized loans down to $7.3 billion.
2026 guidance: TE net interest income of $7.2–7.35 billion, average loans $140–142 billion, non-interest income $2.675–2.775 billion, expenses $5.5–5.6 billion, and CET1 ratio target 10.25–10.50%.
Accounting change: elected to carry residential MSRs at fair value with hedging; MSR amortization now netted against mortgage banking revenues, yielding an 8 bps CET1 benefit.

2 days ago

Transcript

M&T Bank reports Q4 2025 earnings

MTB

Earnings

Share Buyback

M&T Bank reported GAAP revenues of $2.475 billion, net income of $759 million and diluted EPS of $4.67, a 21% year-over-year increase.
Net interest margin expanded to 3.69% (up 11 bps YoY), while return on assets was 1.41% and return on common equity was 10.87%.
Total loans grew 1% quarter-over-quarter to $137.6 billion; common equity tier 1 ratio remained strong at 10.84% and the bank repurchased $507 million of common shares in Q4.
Noninterest income decreased 7% QoQ to $696 million, while noninterest expense was $1.379 billion, yielding an efficiency ratio of 55.1%.

2 days ago

Presentation

M&T Bank reports Q4 2025 results

MTB

Earnings

Guidance Update

Share Buyback

M&T delivered record full-year net income of $2.85 billion and EPS of $17, with Q4 net income of $759 million and diluted EPS of $4.67, driving a Q4 ROA of 1.41% and ROCE of 10.87%.
Asset quality improved as non-accrual loans fell 26%, with non-accruals at 90 bps of total loans and a 27% reduction in criticized commercial loans; the bank targets a CET1 ratio of 10.25–10.50% for 2026.
Capital returns remain strong: the quarterly dividend was increased 11% and 9% of outstanding shares were repurchased, while tangible book value per share grew 7% in 2025.
For 2026, M&T anticipates taxable-equivalent net interest income of $7.20–7.35 billion (NIM in the low 3.70s), average loans of $140–142 billion, average deposits of $165–167 billion, non-interest income of $2.675–2.775 billion, non-interest expense of $5.5–5.6 billion, and charge-offs near 40 bps.

2 days ago

Transcript

M&T Bank reports Q4 2025 results

MTB

Earnings

Dividends

Share Buyback

M&T Bank delivered 4Q25 net income of $759 million (diluted EPS $4.67) and full-year net income of $2.85 billion (diluted EPS $17.00).
Fourth-quarter taxable-equivalent net interest income was $1.79 billion (up 1% QoQ) with a net interest margin of 3.69%; full-year TE NII rose to $6.99 billion (up 1%) and NIM widened to 3.67%.
Estimated common equity Tier 1 ratio was 10.84% at December 31, 2025, and liquidity coverage ratio was 109%, underscoring strong capital and liquidity positions.
For the quarter, M&T declared a common dividend of $1.50 per share and repurchased 2.7 million shares at an average cost of $183.30 ($507 million total).

2 days ago

8-K

M&T Bank reports Q4 profit rise and 2026 guidance

MTB

Earnings

Guidance Update

Q4 net income rose to $759 million from $681 million a year earlier; EPS increased to $4.67 from $3.86.
Provision for credit losses declined to $125 million from $140 million**, supporting profit growth.
Management guided 2026 net interest income to $7.2 billion–$7.35 billion and fee income to $2.675 billion–$2.775 billion.
Analysts raised price targets—TD Cowen to $250 and Goldman to $230—while BofA set a Neutral rating with a $225 target.

2 days ago

WSJ

M&T Bank reports Q4 and full-year 2025 results

MTB

Earnings

Dividends

Share Buyback

Q4 net income of $759 million (diluted EPS $4.67) and full-year net income of $2.85 billion (diluted EPS $17.00) in 2025
Full-year diluted EPS rose 16%, with the efficiency ratio improving to 56.0%
Returned capital via an 11% increase in the quarterly dividend to $1.50 per share and repurchased 9% of its shares, including 2.7 million shares (total cost $507 million) in Q4
Credit quality and capital remained strong: allowance for loan losses was 1.53% of total loans (down 5 bps) and CET1 ratio was 10.84% at year-end

2 days ago

Press Release

M&T outlines 2025 performance and 2026 strategic priorities

MTB

Guidance Update

New Projects/Investments

Share Buyback

16% year-over-year fee income growth in 2025, driven by mortgage, trust and treasury management products; overall performance bolstered by consumer and residential mortgage growth offsetting softer CRE, with disciplined expenses and ongoing credit improvements.
In early 4Q 2025, M&T expects to return to CRE loan growth, continued deposit and fee growth, expenses slightly above plan but within prior guidance, and further reductions in criticized and non-performing assets.
For 2026, NII is forecast to grow via both balance-sheet expansion and stable margins in the low 3.70% range; deposit beta remains ~50% on rate cuts, with additional Fed easing expected.
Technology investment has tripled over eight years, completing foundational projects (new general ledger, data centers, commercial credit factory) and now shifting to enhance customer-facing digital and servicing platforms across commercial, consumer and wealth.
Capital deployment priorities: maintain dividend payout in the low- to mid-30s percent range, M&A as first use of excess capital, and share repurchases (about 8.7% of shares in 2025) to drive CET1 toward the 10.75%–11% target.

Dec 10, 2025, 1:40 PM

Transcript

M&T Outlines 2026 Strategy and 4Q Guidance at Goldman Sachs Conference

MTB

Guidance Update

New Projects/Investments

Share Buyback

M&T delivered a strong 2025 with 16% fee income growth, disciplined expenses, improved credit metrics, and peer-leading capital returns.
For 2026 the bank will shift tech investments (tech spend has tripled over eight years) from resiliency projects to customer-facing digital, commercial payments, servicing, and wealth initiatives.
Early 4Q results show net CRE loan growth, solid deposit growth, fees on track, slight expense pressure, and continued declines in criticized and non-performing assets.
NII growth in 2026 is expected from both balance-sheet expansion (loan and deposit growth) and margin stability around low 370 bps, with a deposit beta near 50% through rate cuts.
Capital priorities include maintaining a low-mid 30% dividend payout (an 11% dividend increase in 2025), repurchasing 8.7% of shares in 2025, and prioritizing M&A then substantial 2026 buybacks.

Dec 10, 2025, 1:40 PM

Transcript

M&T CFO outlines 2026 strategic priorities at Goldman Sachs conference

MTB

Guidance Update

New Projects/Investments

Dividends

CFO Daryl Bible highlighted 16% growth in fee income in 2025, driven by mortgage, trust and treasury management services.
The bank has tripled technology investment over the past 7–8 years, focusing first on resiliency (new data centers, general ledger overhaul) and now shifting to customer-experience and digital enhancements.
In 4Q 2025, M&T reversed prior CRE declines to post net growth, saw continued deposit and fee traction, maintained expense discipline, and expects further credit improvement with lower criticized and non-performing assets.
Net interest income is expected to grow from both balance-sheet expansion and modest margin uplift in the low 370 bps range, with a deposit beta of ~50% and neutral positioning to Fed rate cuts.
Capital priorities include sustaining a dividend payout ratio in the low-mid 30s (11% dividend increase in 2025), pursuing strategic M&A, and repurchasing 8.7% of shares in 2025.

Dec 10, 2025, 1:40 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for M&T BANK.

Q4 2025

Jan 16, 2026

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Q3 2025

Oct 16, 2025

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Q2 2025

Jul 16, 2025

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View All Transcripts

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M&T BANK (MTB)

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Christopher Kay

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Kevin Pearson

Neeraj Singh

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